I-Berhad (4251) - Net Assets
Based on the latest financial reports, I-Berhad (4251) has net assets worth RM1.33 Billion MYR (≈ $334.72 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.95 Billion ≈ $489.05 Million USD) and total liabilities (RM614.71 Million ≈ $154.33 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 4251 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM1.33 Billion |
| % of Total Assets | 68.44% |
| Annual Growth Rate | 16.8% |
| 5-Year Change | 16.76% |
| 10-Year Change | 55.74% |
| Growth Volatility | 65.63 |
I-Berhad - Net Assets Trend (2012–2025)
This chart illustrates how I-Berhad's net assets have evolved over time, based on quarterly financial data. See how many days can I-Berhad fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for I-Berhad (2012–2025)
The table below shows the annual net assets of I-Berhad from 2012 to 2025. For live valuation and market cap data, see I-Berhad market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.33 Billion ≈ $334.72 Million |
+6.88% |
| 2024-12-31 | RM1.25 Billion ≈ $313.17 Million |
+5.95% |
| 2023-12-31 | RM1.18 Billion ≈ $295.58 Million |
+0.71% |
| 2022-12-31 | RM1.17 Billion ≈ $293.50 Million |
+2.38% |
| 2021-12-31 | RM1.14 Billion ≈ $286.67 Million |
+0.25% |
| 2020-12-31 | RM1.14 Billion ≈ $285.96 Million |
-3.82% |
| 2019-12-31 | RM1.18 Billion ≈ $297.32 Million |
+20.94% |
| 2018-12-31 | RM979.17 Million ≈ $245.84 Million |
+4.43% |
| 2017-12-31 | RM937.64 Million ≈ $235.41 Million |
+9.53% |
| 2016-12-31 | RM856.06 Million ≈ $214.93 Million |
+6.61% |
| 2015-12-31 | RM803.00 Million ≈ $201.61 Million |
+5.24% |
| 2014-12-31 | RM763.00 Million ≈ $191.56 Million |
+251.61% |
| 2013-12-31 | RM217.00 Million ≈ $54.48 Million |
+22.60% |
| 2012-12-31 | RM177.00 Million ≈ $44.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to I-Berhad'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 123.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM466.35 Million | 34.98% |
| Common Stock | RM768.69 Million | 57.66% |
| Other Components | RM98.16 Million | 7.36% |
| Total Equity | RM1.33 Billion | 100.00% |
I-Berhad Competitors by Market Cap
The table below lists competitors of I-Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wam Active Ltd
AU:WAA
|
$107.27 Million |
|
BRIG.M3 EUROP.ACQ.A-0001
F:KN2
|
$107.30 Million |
|
Yibitas Yozgat Isci Birligi Insaat Malzemeleri Ticaret Sanayi AS
IS:YBTAS
|
$107.31 Million |
|
Nicola Mining Inc
V:NIM
|
$107.40 Million |
|
N. Varveris-Moda Bagno S.A
AT:MODA
|
$107.22 Million |
|
CMG Pharmaceutical Co. Ltd
KQ:058820
|
$107.20 Million |
|
Prime Securities Limited
NSE:PRIMESECU
|
$107.20 Million |
|
Decidr Ai Industries Ltd
AU:DAI
|
$107.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in I-Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,247,371,000 to 1,333,192,000, a change of 85,821,000 (6.9%).
- Net income of 55,736,000 contributed positively to equity growth.
- Dividend payments of 8,915,000 reduced retained earnings.
- Share repurchases of 39,000,000 reduced equity.
- New share issuances of 39,000,000 increased equity.
- Other factors increased equity by 39,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM55.74 Million | +4.18% |
| Dividends Paid | RM8.91 Million | -0.67% |
| Share Repurchases | RM39.00 Million | -2.93% |
| Share Issuances | RM39.00 Million | +2.93% |
| Other Changes | RM39.00 Million | +2.93% |
| Total Change | RM- | 6.88% |
Book Value vs Market Value Analysis
This analysis compares I-Berhad'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: 0.32x
- 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 | RM0.85 | RM0.23 | x |
| 2017-12-31 | RM0.93 | RM0.23 | x |
| 2018-12-31 | RM0.97 | RM0.23 | x |
| 2019-12-31 | RM1.07 | RM0.23 | x |
| 2020-12-31 | RM1.02 | RM0.23 | x |
| 2021-12-31 | RM1.00 | RM0.23 | x |
| 2022-12-31 | RM0.63 | RM0.23 | x |
| 2023-12-31 | RM0.63 | RM0.23 | x |
| 2024-12-31 | RM0.67 | RM0.23 | x |
| 2025-12-31 | RM0.72 | RM0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently I-Berhad 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): 4.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.27%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.46x
- Recent ROE (4.18%) is above the historical average (3.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.78% | 17.37% | 0.28x | 1.60x | RM-18.97 Million |
| 2017 | 6.58% | 13.55% | 0.30x | 1.63x | RM-32.07 Million |
| 2018 | 5.99% | 15.64% | 0.22x | 1.72x | RM-39.24 Million |
| 2019 | 4.92% | 33.84% | 0.09x | 1.63x | RM-60.21 Million |
| 2020 | 0.15% | 2.08% | 0.04x | 1.69x | RM-112.23 Million |
| 2021 | 0.03% | 0.46% | 0.04x | 1.67x | RM-113.81 Million |
| 2022 | 2.33% | 22.75% | 0.06x | 1.64x | RM-89.69 Million |
| 2023 | 1.02% | 6.83% | 0.10x | 1.56x | RM-105.73 Million |
| 2024 | 2.34% | 13.14% | 0.12x | 1.50x | RM-95.55 Million |
| 2025 | 4.18% | 17.27% | 0.17x | 1.46x | RM-77.58 Million |
Industry Comparison
This section compares I-Berhad's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $665,137,851
- Average return on equity (ROE) among peers: 0.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| I-Berhad (4251) | RM1.33 Billion | 7.78% | 0.46x | $107.25 Million |
| Vinvest Capital Holdings Bhd (0069) | $536.55 Million | -12.71% | 0.29x | $12.17 Million |
| Gagasan Nadi Cergas Berhad (0206) | $441.26 Million | 5.73% | 1.10x | $66.17 Million |
| Vestland Berhad (0273) | $71.56 Million | 35.09% | 2.17x | $129.21 Million |
| Global Oriental Bhd (1147) | $380.68 Million | -18.03% | 1.93x | $11.42 Million |
| Pan Malaysia Holdings Bhd (1287) | $57.00 Million | -5.26% | 0.44x | $224.46 Million |
| GuocoLand (Malaysia) Bhd (1503) | $1.23 Billion | -4.43% | 1.32x | $183.34 Million |
| Symphony Life Bhd (1538) | $653.56 Million | 5.31% | 1.04x | $30.60 Million |
| Iskandar Waterfront City Bhd (1589) | $777.03 Million | -3.59% | 1.00x | $52.03 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 | $52.42 Million |
About I-Berhad
I-Berhad, an investment holding company, engages in the property investment and development activities in Malaysia. It operates through Property Development, Property Investment, Leisure and Hospitality, and Other segments. The company develops and sells residential and commercial properties; invests in and holds properties; and promotes, markets, and manages events, leisure, hotel, and other tou… Read more