Malpac Holdings Bhd (4936) - Net Assets
Based on the latest financial reports, Malpac Holdings Bhd (4936) has net assets worth RM173.22 Million MYR (≈ $43.49 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 (RM182.17 Million ≈ $45.74 Million USD) and total liabilities (RM8.95 Million ≈ $2.25 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 4936 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM173.22 Million |
| % of Total Assets | 95.09% |
| Annual Growth Rate | -1.12% |
| 5-Year Change | -0.23% |
| 10-Year Change | -7.86% |
| Growth Volatility | 3.34 |
Malpac Holdings Bhd - Net Assets Trend (2011–2024)
This chart illustrates how Malpac Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 4936 total assets for the complete picture of this company's asset base.
Annual Net Assets for Malpac Holdings Bhd (2011–2024)
The table below shows the annual net assets of Malpac Holdings Bhd from 2011 to 2024. For live valuation and market cap data, see 4936 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM171.91 Million ≈ $43.16 Million |
-5.47% |
| 2023-12-31 | RM181.85 Million ≈ $45.66 Million |
+5.34% |
| 2022-12-31 | RM172.62 Million ≈ $43.34 Million |
+1.55% |
| 2021-12-31 | RM169.99 Million ≈ $42.68 Million |
-1.34% |
| 2020-12-31 | RM172.30 Million ≈ $43.26 Million |
+4.50% |
| 2019-12-31 | RM164.87 Million ≈ $41.39 Million |
-1.08% |
| 2018-12-31 | RM166.68 Million ≈ $41.85 Million |
-7.22% |
| 2017-12-31 | RM179.66 Million ≈ $45.11 Million |
-1.86% |
| 2016-12-31 | RM183.07 Million ≈ $45.96 Million |
-1.88% |
| 2015-12-31 | RM186.58 Million ≈ $46.84 Million |
-2.82% |
| 2014-12-31 | RM192.00 Million ≈ $48.20 Million |
-2.04% |
| 2013-12-31 | RM196.00 Million ≈ $49.21 Million |
+0.51% |
| 2012-12-31 | RM195.00 Million ≈ $48.96 Million |
-2.01% |
| 2011-12-31 | RM199.00 Million ≈ $49.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Malpac Holdings 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 decreased by 35.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM72.54 Million | 42.20% |
| Common Stock | RM99.37 Million | 57.80% |
| Total Equity | RM171.91 Million | 100.00% |
Malpac Holdings Bhd Competitors by Market Cap
The table below lists competitors of Malpac Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wise Group AB
ST:WISE
|
$13.56 Million |
|
Future Metals NL
AU:FME
|
$13.56 Million |
|
Speedvalue Ltd
TA:SPDV
|
$13.56 Million |
|
GOLDSTORM METALS CORP.
F:B2U
|
$13.56 Million |
|
Aurora Spine Corp
V:ASG
|
$13.55 Million |
|
17 Education Technology Group Inc
NASDAQ:YQ
|
$13.55 Million |
|
Biomaxima
WAR:BMX
|
$13.55 Million |
|
Powerhouse Ventures Ltd
AU:PVL
|
$13.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malpac Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 181,846,070 to 171,907,420, a change of -9,938,650 (-5.5%).
- Net loss of 2,438,650 reduced equity.
- Dividend payments of 7,500,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-2.44 Million | -1.42% |
| Dividends Paid | RM7.50 Million | -4.36% |
| Total Change | RM- | -5.47% |
Book Value vs Market Value Analysis
This analysis compares Malpac Holdings 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: 0.31x
- 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 |
|---|---|---|---|
| 2015-12-31 | RM2.49 | RM0.72 | x |
| 2016-12-31 | RM2.44 | RM0.72 | x |
| 2017-12-31 | RM2.40 | RM0.72 | x |
| 2018-12-31 | RM2.22 | RM0.72 | x |
| 2019-12-31 | RM2.20 | RM0.72 | x |
| 2020-12-31 | RM2.30 | RM0.72 | x |
| 2021-12-31 | RM2.27 | RM0.72 | x |
| 2022-12-31 | RM2.30 | RM0.72 | x |
| 2023-12-31 | RM2.42 | RM0.72 | x |
| 2024-12-31 | RM2.29 | RM0.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malpac Holdings 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): -1.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -63.22%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.05x
- Recent ROE (-1.42%) is below the historical average (-0.29%), 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 | -2.79% | 0.00% | 0.00x | 1.04x | RM-23.86 Million |
| 2016 | -1.92% | 0.00% | 0.00x | 1.20x | RM-21.82 Million |
| 2017 | -1.90% | 0.00% | 0.00x | 1.23x | RM-21.38 Million |
| 2018 | -3.28% | -130.63% | 0.02x | 1.27x | RM-22.14 Million |
| 2019 | -1.10% | -50.66% | 0.02x | 1.27x | RM-18.29 Million |
| 2020 | 4.31% | 279.28% | 0.01x | 1.06x | RM-9.80 Million |
| 2021 | -1.36% | -83.28% | 0.02x | 1.06x | RM-19.31 Million |
| 2022 | 1.53% | 41.65% | 0.03x | 1.06x | RM-14.63 Million |
| 2023 | 5.07% | 225.26% | 0.02x | 1.05x | RM-8.96 Million |
| 2024 | -1.42% | -63.22% | 0.02x | 1.05x | RM-19.63 Million |
Industry Comparison
This section compares Malpac Holdings Bhd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $376,906,905
- Average return on equity (ROE) among peers: 10.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malpac Holdings Bhd (4936) | RM173.22 Million | -2.79% | 0.05x | $13.56 Million |
| OSK Ventures International Bhd (0053) | $248.39 Million | 9.64% | 0.04x | $26.63 Million |
| JCBNext Berhad Bhd (0058) | $451.05 Million | 9.55% | 0.02x | $56.14 Million |
| Fintec Global Bhd (0150) | $185.37 Million | 23.43% | 0.09x | $3.60 Million |
| Kuchai Develop Bhd (2186) | $501.03 Million | 8.96% | 0.00x | $618.74K |
| iCapital.biz Berhad (5108) | $498.70 Million | 0.94% | 0.00x | $87.11 Million |
About Malpac Holdings Bhd
Malpac Holdings Berhad, an investment holding company, engages in the management of diversified portfolio of investment properties in Malaysia. It also manages long-term investments in shares and unit trusts. The company was founded in 1976 and is based in Seremban, Malaysia.