Mesiniaga Bhd (5011) - Net Assets

Latest as of March 2026: RM119.40 Million MYR ≈ $29.98 Million USD

Based on the latest financial reports, Mesiniaga Bhd (5011) has net assets worth RM119.40 Million MYR (≈ $29.98 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 (RM251.59 Million ≈ $63.17 Million USD) and total liabilities (RM132.19 Million ≈ $33.19 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 Mesiniaga Bhd strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM119.40 Million
% of Total Assets	47.46%
Annual Growth Rate	-3.51%
5-Year Change	14.98%
10-Year Change	6.24%
Growth Volatility	9.08

Mesiniaga Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Mesiniaga Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Mesiniaga Bhd worth.

Annual Net Assets for Mesiniaga Bhd (2012–2025)

The table below shows the annual net assets of Mesiniaga Bhd from 2012 to 2025. Also explore Mesiniaga Bhd net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM121.28 Million ≈ $30.45 Million	+11.04%
2024-12-31	RM109.22 Million ≈ $27.42 Million	-1.08%
2023-12-31	RM110.41 Million ≈ $27.72 Million	-0.37%
2022-12-31	RM110.81 Million ≈ $27.82 Million	+5.06%
2021-12-31	RM105.48 Million ≈ $26.48 Million	+1.71%
2020-12-31	RM103.71 Million ≈ $26.04 Million	-9.10%
2019-12-31	RM114.10 Million ≈ $28.65 Million	-0.70%
2018-12-31	RM114.90 Million ≈ $28.85 Million	-10.28%
2017-12-31	RM128.06 Million ≈ $32.15 Million	+12.18%
2016-12-31	RM114.16 Million ≈ $28.66 Million	-6.43%
2015-12-31	RM122.00 Million ≈ $30.63 Million	-13.48%
2014-12-31	RM141.00 Million ≈ $35.40 Million	-20.34%
2013-12-31	RM177.00 Million ≈ $44.44 Million	-8.29%
2012-12-31	RM193.00 Million ≈ $48.46 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mesiniaga 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 14.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM56.72 Million	46.77%
Other Components	RM64.56 Million	53.23%
Total Equity	RM121.28 Million	100.00%

Mesiniaga Bhd Competitors by Market Cap

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

Company	Market Cap
Hanwha Investment&Securities Co Ltd Pref KO:003535	$17.90 Million
Niraj Cement Structurals Limited NSE:NIRAJ	$17.91 Million
Firefly Neuroscience, Inc. NASDAQ:AIFF	$17.91 Million
Tungray Technologies Inc Class A Ordinary Shares NASDAQ:TRSG	$17.91 Million
Chai Watana Tannery Group Public Company Limited BK:CWT	$17.87 Million
TEKMAR GROUP PLC LS-01 F:6UA	$17.86 Million
2020 Bulkers Ltd OL:2020	$17.86 Million
Currys PLC LSE:CURY	$17.85 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 109,218,000 to 121,281,000, a change of 12,063,000 (11.0%).
Net income of 11,852,000 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM11.85 Million	+9.77%
Other Changes	RM211.00K	+0.17%
Total Change	RM-	11.04%

Book Value vs Market Value Analysis

This analysis compares Mesiniaga 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: 0.59x
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	RM1.89	RM1.18	x
2017-12-31	RM2.12	RM1.18	x
2018-12-31	RM1.90	RM1.18	x
2019-12-31	RM1.89	RM1.18	x
2020-12-31	RM1.72	RM1.18	x
2021-12-31	RM1.75	RM1.18	x
2022-12-31	RM1.83	RM1.18	x
2023-12-31	RM1.83	RM1.18	x
2024-12-31	RM1.81	RM1.18	x
2025-12-31	RM2.01	RM1.18	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mesiniaga 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): 9.77%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.11%
• Asset Turnover: 0.92x
• Equity Multiplier: 2.09x
Recent ROE (9.77%) is above the historical average (1.96%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	2.84%	1.42%	1.16x	1.72x	RM-8.17 Million
2017	12.82%	7.26%	1.04x	1.70x	RM3.61 Million
2018	-7.56%	-4.80%	0.96x	1.65x	RM-20.18 Million
2019	-0.77%	-0.28%	1.08x	2.56x	RM-12.29 Million
2020	-9.01%	-4.73%	1.09x	1.75x	RM-19.72 Million
2021	5.18%	2.28%	1.08x	2.10x	RM-5.08 Million
2022	5.87%	2.22%	1.24x	2.13x	RM-4.57 Million
2023	3.54%	1.50%	1.09x	2.17x	RM-7.14 Million
2024	-3.09%	-1.87%	1.00x	1.65x	RM-14.30 Million
2025	9.77%	5.11%	0.92x	2.09x	RM-276.10K

Industry Comparison

This section compares Mesiniaga Bhd's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $72,872,503
Average return on equity (ROE) among peers: -11.44%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mesiniaga Bhd (5011)	RM119.40 Million	2.84%	1.11x	$17.89 Million
NetX Holdings Bhd (0020)	$18.58 Million	-64.13%	0.28x	$11.77 Million
Metronic Global Bhd (0043)	$50.48 Million	-10.03%	1.97x	$1.92 Million
NCT Alliance Bhd (0056)	$63.91 Million	14.69%	0.40x	$305.38 Million
Vortex Consolidated Bhd (0060)	$312.11 Million	0.76%	0.09x	$72.28 Million
Lyc Healthcare Bhd (0075)	$15.22 Million	-112.15%	14.46x	$1.86 Million
Aldrich Resources Bhd (0079)	$85.56 Million	-1.84%	0.18x	$3.89 Million
Rexit Bhd (0106)	$36.05 Million	21.79%	0.08x	$21.31 Million
Privasia Technology Bhd (0123)	$59.55 Million	-1.40%	0.49x	$12.72 Million
Microlink Solutions Bhd (0126)	$44.09 Million	34.66%	0.21x	$20.19 Million
Diversified Gateway Solutions Bhd (0131)	$43.18 Million	3.25%	0.94x	$15.91 Million

About Mesiniaga Bhd

KLSE:5011 Malaysia Information Technology Services

Market Cap

$17.89 Million

RM71.27 Million MYR

Market Cap Rank

#25571 Global

#714 in Malaysia

Share Price

RM1.18

Change (1 day)

+0.00%

52-Week Range

RM1.05 - RM1.37

All Time High

RM1.81