MUI Properties Bhd (3913) - Net Assets

Latest as of September 2025: RM415.20 Million MYR ≈ $104.24 Million USD

Based on the latest financial reports, MUI Properties Bhd (3913) has net assets worth RM415.20 Million MYR (≈ $104.24 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM745.66 Million ≈ $187.21 Million USD) and total liabilities (RM330.46 Million ≈ $82.97 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 financial resilience of MUI Properties Bhd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM415.20 Million
% of Total Assets	55.68%
Annual Growth Rate	1.1%
5-Year Change	25.19%
10-Year Change	45.77%
Growth Volatility	7.3

MUI Properties Bhd - Net Assets Trend (2011–2024)

This chart illustrates how MUI Properties Bhd's net assets have evolved over time, based on quarterly financial data. Also explore MUI Properties Bhd (3913) total assets for the complete picture of this company's asset base.

Annual Net Assets for MUI Properties Bhd (2011–2024)

The table below shows the annual net assets of MUI Properties Bhd from 2011 to 2024. For live valuation and market cap data, see 3913 market cap overview.

Year	Net Assets	Change
2024-12-31	RM364.07 Million ≈ $91.41 Million	+2.64%
2023-12-31	RM354.69 Million ≈ $89.05 Million	+1.82%
2022-12-31	RM348.35 Million ≈ $87.46 Million	+15.13%
2021-12-31	RM302.57 Million ≈ $75.97 Million	+4.04%
2020-12-31	RM290.81 Million ≈ $73.01 Million	+2.84%
2019-12-31	RM282.78 Million ≈ $71.00 Million	+4.08%
2018-12-31	RM271.70 Million ≈ $68.22 Million	+7.89%
2017-12-31	RM251.84 Million ≈ $63.23 Million	-2.67%
2016-12-31	RM258.75 Million ≈ $64.96 Million	+3.60%
2015-12-31	RM249.75 Million ≈ $62.71 Million	-18.11%
2014-12-31	RM305.00 Million ≈ $76.58 Million	-4.09%
2013-12-31	RM318.00 Million ≈ $79.84 Million	+2.58%
2012-12-31	RM310.00 Million ≈ $77.83 Million	-1.90%
2011-12-31	RM316.00 Million ≈ $79.34 Million	--

Equity Component Analysis

This analysis shows how different components contribute to MUI Properties 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 101.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	RM207.91 Million	57.11%
Common Stock	RM162.47 Million	44.62%
Total Equity	RM364.07 Million	100.00%

MUI Properties Bhd Competitors by Market Cap

The table below lists competitors of MUI Properties Bhd ranked by their market capitalization.

Company	Market Cap
Oncopeptides AB ST:ONCO	$36.29 Million
Biohit Oyj B HE:BIOBV	$36.29 Million
Milux Corporation Bhd KLSE:7935	$36.29 Million
Urbanise.com Ltd AU:UBN	$36.29 Million
Veru Inc NASDAQ:VERU	$36.27 Million
Hipay Group SA PA:ALHYP	$36.24 Million
OTRS AG F:TR9	$36.22 Million
Elliptic Laboratories AS OL:ELABS	$36.20 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 354,694,000 to 364,075,000, a change of 9,381,000 (2.6%).
Net income of 2,033,000 contributed positively to equity growth.
Dividend payments of 4,104,000 reduced retained earnings.
Other factors increased equity by 11,452,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	RM2.03 Million	+0.56%
Dividends Paid	RM4.10 Million	-1.13%
Other Changes	RM11.45 Million	+3.15%
Total Change	RM-	2.64%

Book Value vs Market Value Analysis

This analysis compares MUI Properties 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: 0.40x
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.
The price-to-book ratio has decreased from 0.58x to 0.40x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	RM0.34	RM0.20	x
2016-12-31	RM0.35	RM0.20	x
2017-12-31	RM0.34	RM0.20	x
2018-12-31	RM0.37	RM0.20	x
2019-12-31	RM0.38	RM0.20	x
2020-12-31	RM0.39	RM0.20	x
2021-12-31	RM0.41	RM0.20	x
2022-12-31	RM0.47	RM0.20	x
2023-12-31	RM0.48	RM0.20	x
2024-12-31	RM0.49	RM0.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently MUI Properties 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): 0.56%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.19%
• Asset Turnover: 0.26x
• Equity Multiplier: 1.78x
Recent ROE (0.56%) is below the historical average (3.64%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	4.38%	13.78%	0.23x	1.36x	RM-14.04 Million
2016	0.28%	1.86%	0.11x	1.38x	RM-25.16 Million
2017	1.08%	6.73%	0.11x	1.41x	RM-22.47 Million
2018	6.29%	29.73%	0.15x	1.39x	RM-10.09 Million
2019	4.50%	16.59%	0.20x	1.39x	RM-15.55 Million
2020	2.64%	10.03%	0.19x	1.40x	RM-21.41 Million
2021	5.50%	18.99%	0.21x	1.40x	RM-13.62 Million
2022	10.21%	42.80%	0.17x	1.39x	RM716.30K
2023	0.95%	7.52%	0.09x	1.40x	RM-32.11 Million
2024	0.56%	1.19%	0.26x	1.78x	RM-34.37 Million

Industry Comparison

This section compares MUI Properties Bhd's net assets metrics with peer companies in the Real Estate - Development industry.

Industry Context

Industry: Real Estate - Development
Average net assets among peers: $675,768,578
Average return on equity (ROE) among peers: 3.17%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MUI Properties Bhd (3913)	RM415.20 Million	4.38%	0.80x	$36.27 Million
Vinvest Capital Holdings Bhd (0069)	$321.83 Million	2.73%	0.28x	$4.87 Million
Gagasan Nadi Cergas Berhad (0206)	$445.50 Million	0.78%	1.19x	$66.17 Million
Vestland Berhad (0273)	$153.46 Million	18.09%	2.14x	$138.69 Million
Global Oriental Bhd (1147)	$255.86 Million	5.65%	2.56x	$10.84 Million
Pan Malaysia Holdings Bhd (1287)	$29.94 Million	-0.21%	0.72x	$186.57 Million
GuocoLand (Malaysia) Bhd (1503)	$1.32 Billion	2.00%	0.78x	$181.65 Million
Symphony Life Bhd (1538)	$950.00 Million	0.90%	0.20x	$33.15 Million
Iskandar Waterfront City Bhd (1589)	$777.03 Million	-3.59%	1.00x	$58.97 Million
Paramount Corporation Bhd (1724)	$1.66 Billion	4.53%	0.88x	$157.92 Million
Selangor Dredging Bhd (2224)	$843.13 Million	0.80%	0.60x	$44.93 Million

About MUI Properties Bhd

KLSE:3913 Malaysia Real Estate - Development

Market Cap

$36.27 Million

RM144.48 Million MYR

Market Cap Rank

#23055 Global

#547 in Malaysia

Share Price

RM0.20

Change (1 day)

-2.50%

52-Week Range

RM0.19 - RM0.42

All Time High

RM0.48