Mulpha International Bhd (3905) - Net Assets

Latest as of March 2026: RM3.81 Billion MYR ≈ $957.81 Million USD

Based on the latest financial reports, Mulpha International Bhd (3905) has net assets worth RM3.81 Billion MYR (≈ $957.81 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM6.20 Billion ≈ $1.56 Billion USD) and total liabilities (RM2.38 Billion ≈ $598.26 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 3905 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets RM3.81 Billion
% of Total Assets 61.55%
Annual Growth Rate 3.09%
5-Year Change 8.75%
10-Year Change 25.77%
Growth Volatility 8.14

Mulpha International Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Mulpha International Bhd's net assets have evolved over time, based on quarterly financial data. See how many days can Mulpha International Bhd fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Mulpha International Bhd (2012–2025)

The table below shows the annual net assets of Mulpha International Bhd from 2012 to 2025. For live valuation and market cap data, see Mulpha International Bhd stock valuation.

Year Net Assets Change
2025-12-31 RM3.74 Billion
≈ $940.24 Million		 +9.76%
2024-12-31 RM3.41 Billion
≈ $856.64 Million		 -5.34%
2023-12-31 RM3.60 Billion
≈ $904.92 Million		 +2.18%
2022-12-31 RM3.53 Billion
≈ $885.64 Million		 +2.43%
2021-12-31 RM3.44 Billion
≈ $864.58 Million		 +15.75%
2020-12-31 RM2.98 Billion
≈ $746.93 Million		 +3.67%
2019-12-31 RM2.87 Billion
≈ $720.49 Million		 -10.80%
2018-12-31 RM3.22 Billion
≈ $807.77 Million		 -2.95%
2017-12-31 RM3.32 Billion
≈ $832.30 Million		 +11.33%
2016-12-31 RM2.98 Billion
≈ $747.58 Million		 +15.91%
2015-12-31 RM2.57 Billion
≈ $644.99 Million		 +6.91%
2014-12-31 RM2.40 Billion
≈ $603.31 Million		 +2.82%
2013-12-31 RM2.34 Billion
≈ $586.74 Million		 -7.34%
2012-12-31 RM2.52 Billion
≈ $633.19 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Mulpha International Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 196.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings RM1.77 Billion 47.36%
Common Stock RM1.98 Billion 52.97%
Total Equity RM3.74 Billion 100.00%

Mulpha International Bhd Competitors by Market Cap

The table below lists competitors of Mulpha International Bhd ranked by their market capitalization.

Company Market Cap
Paramount Communications Limited
NSE:PARACABLES
 $232.17 Million
Gladiator Metals Corp
V:GLAD
 $232.48 Million
Gaotu Techedu Inc DRC
NYSE:GOTU
 $232.49 Million
ODFJELL TECHNOLOGYLTD
F:ND4
 $232.53 Million
Chargeurs S.A.
PA:CRI
 $232.08 Million
Firich Enterprises Co Ltd
TWO:8076
 $232.00 Million
Sindoh
KO:029530
 $231.99 Million
HansBiomed Corporation
KQ:042520
 $231.91 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mulpha International Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,412,000,000 to 3,744,979,000, a change of 332,979,000 (9.8%).
  • Net income of 404,309,000 contributed positively to equity growth.
  • Other factors decreased equity by 71,330,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income RM404.31 Million +10.8%
Other Changes RM-71.33 Million -1.9%
Total Change RM- 9.76%

Book Value vs Market Value Analysis

This analysis compares Mulpha International Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.25x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2016-12-31 RM9.32 RM3.02 x
2017-12-31 RM10.38 RM3.02 x
2018-12-31 RM10.07 RM3.02 x
2019-12-31 RM8.98 RM3.02 x
2020-12-31 RM9.31 RM3.02 x
2021-12-31 RM11.07 RM3.02 x
2022-12-31 RM11.34 RM3.02 x
2023-12-31 RM11.58 RM3.02 x
2024-12-31 RM11.15 RM3.02 x
2025-12-31 RM12.24 RM3.02 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mulpha International Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 10.80%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 25.42%
  • • Asset Turnover: 0.26x
  • • Equity Multiplier: 1.62x
  • Recent ROE (10.80%) is above the historical average (4.27%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2015 6.42% 17.28% 0.19x 2.00x RM-91.90 Million
2016 0.56% 1.32% 0.22x 1.93x RM-280.96 Million
2017 11.14% 31.56% 0.20x 1.77x RM37.81 Million
2018 7.33% 30.03% 0.13x 1.83x RM-86.03 Million
2019 -7.38% -24.93% 0.16x 1.85x RM-498.85 Million
2020 -1.96% -9.45% 0.12x 1.80x RM-355.87 Million
2021 12.57% 54.99% 0.14x 1.58x RM88.53 Million
2022 2.41% 8.74% 0.16x 1.68x RM-267.87 Million
2023 3.04% 9.12% 0.19x 1.76x RM-250.89 Million
2024 2.08% 6.87% 0.17x 1.82x RM-270.20 Million
2025 10.80% 25.42% 0.26x 1.62x RM29.81 Million

Industry Comparison

This section compares Mulpha International Bhd's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

  • Industry: Conglomerates
  • Average net assets among peers: $2,791,521,210
  • Average return on equity (ROE) among peers: 9.05%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Mulpha International Bhd (3905) RM3.81 Billion 6.42% 0.62x $232.15 Million
Digistar Corporation Bhd (0029) $79.00 Million -2.13% 4.01x $5.51 Million
Key Alliance Group Bhd (0036) $162.99 Million 7.72% 0.36x $2.46 Million
MSCM Holdings Bhd (0041) $17.80 Million 16.05% 0.05x $14.11 Million
Asdion Bhd (0068) $27.37 Million -28.47% 0.28x $2.56 Million
EA Holdings Bhd (0154) $88.26 Million 5.21% 0.07x $8.10 Million
Sports Toto Berhad (1562) $613.00 Million 63.78% 1.52x $436.68 Million
Batu Kawan Bhd (1899) $6.08 Billion 6.01% 2.34x $2.09 Billion
Kuala Lumpur Kepong Bhd (2445) $15.01 Billion 3.94% 1.03x $5.93 Billion
Hap Seng Consolidated Bhd (3034) $3.65 Billion 10.28% 0.87x $1.67 Billion
Berjaya Assets Bhd (3239) $2.19 Billion 8.10% 0.22x $192.69 Million

About Mulpha International Bhd

KLSE:3905 Malaysia Conglomerates
Market Cap
$232.15 Million
RM924.66 Million MYR
Market Cap Rank
#15955 Global
#191 in Malaysia
Share Price
RM3.02
Change (1 day)
+0.00%
52-Week Range
RM2.80 - RM3.40
All Time High
RM3.40
Categories
Companies in Malaysia Conglomerates
About

Mulpha International Bhd, an investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand. It operates through four segments: Property Development; Property Investment and Finance; Hospitality and Leisure; and Investment and Others. The company engages in property development and investment; real estate investment; licensed money lending; … Read more