AYS Ventures Bhd
AYS Ventures Berhad, an investment holding company, engages in the manufacturing, trading, marketing, and selling of steel products and building materials in Malaysia, Singapore, the Asia-Pacific economic cooperation countries, and internationally. The company operates through Trading and Services, Manufacturing, and Others segments. It is involved in the trading of beams and columns, steel plate… Read more
AYS Ventures Bhd (5021) - Net Assets
Latest net assets as of September 2025: RM440.25 Million MYR
Based on the latest financial reports, AYS Ventures Bhd (5021) has net assets worth RM440.25 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.06 Billion) and total liabilities (RM622.89 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM440.25 Million |
| % of Total Assets | 41.41% |
| Annual Growth Rate | 6.98% |
| 5-Year Change | 61.18% |
| 10-Year Change | 108.0% |
| Growth Volatility | 11.66 |
AYS Ventures Bhd - Net Assets Trend (2013–2025)
This chart illustrates how AYS Ventures Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AYS Ventures Bhd (2013–2025)
The table below shows the annual net assets of AYS Ventures Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM447.21 Million | -2.59% |
| 2024-03-31 | RM459.12 Million | +3.54% |
| 2023-03-31 | RM443.42 Million | +12.25% |
| 2022-03-31 | RM395.01 Million | +42.37% |
| 2021-03-31 | RM277.46 Million | +7.33% |
| 2020-03-31 | RM258.52 Million | -5.49% |
| 2019-03-31 | RM273.55 Million | +4.56% |
| 2018-03-31 | RM261.61 Million | +10.32% |
| 2017-03-31 | RM237.14 Million | +10.29% |
| 2016-03-31 | RM215.01 Million | +0.00% |
| 2015-03-31 | RM215.00 Million | +3.37% |
| 2014-03-31 | RM208.00 Million | +4.52% |
| 2013-03-31 | RM199.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AYS Ventures 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 1233.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM201.13 Million | 44.97% |
| Common Stock | RM218.55 Million | 48.87% |
| Other Components | RM27.53 Million | 6.16% |
| Total Equity | RM447.21 Million | 100.00% |
AYS Ventures Bhd Competitors by Market Cap
The table below lists competitors of AYS Ventures Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Energy Limited
PINK:BUENF
|
$5.13 Million |
|
Leyand International Tbk
JK:LAPD
|
$5.13 Million |
|
Fine DNC Co. Ltd
KQ:049120
|
$5.13 Million |
|
Harfang Exploration Inc
PINK:HRFEF
|
$5.13 Million |
|
Heidelberger Beteiligungsholding AG
F:IPOK
|
$5.13 Million |
|
Empire Resources Ltd
AU:ERL
|
$5.12 Million |
|
Altiplano Metals Inc
PINK:ALTPF
|
$5.12 Million |
|
Cuscapi Berhad
KLSE:0051
|
$5.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AYS Ventures Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 459,119,000 to 447,214,000, a change of -11,905,000 (-2.6%).
- Net loss of 4,502,000 reduced equity.
- Dividend payments of 6,277,000 reduced retained earnings.
- Share repurchases of 490,000 reduced equity.
- New share issuances of 490,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-4.50 Million | -1.01% |
| Dividends Paid | RM6.28 Million | -1.4% |
| Share Repurchases | RM490.00K | -0.11% |
| Share Issuances | RM490.00K | +0.11% |
| Other Changes | RM-1.13 Million | -0.25% |
| Total Change | RM- | -2.59% |
Book Value vs Market Value Analysis
This analysis compares AYS Ventures 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: 0.21x
- 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 0.36x to 0.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.62 | RM0.23 | x |
| 2018-03-31 | RM0.69 | RM0.23 | x |
| 2019-03-31 | RM0.72 | RM0.23 | x |
| 2020-03-31 | RM0.68 | RM0.23 | x |
| 2021-03-31 | RM0.73 | RM0.23 | x |
| 2022-03-31 | RM0.94 | RM0.23 | x |
| 2023-03-31 | RM1.06 | RM0.23 | x |
| 2024-03-31 | RM1.10 | RM0.23 | x |
| 2025-03-31 | RM1.07 | RM0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AYS Ventures 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): -1.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.34%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 2.59x
- Recent ROE (-1.01%) is below the historical average (7.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.85% | 1.40% | 1.35x | 2.04x | RM-13.23 Million |
| 2017 | 11.74% | 5.25% | 1.24x | 1.81x | RM4.12 Million |
| 2018 | 8.98% | 4.18% | 1.04x | 2.07x | RM-2.66 Million |
| 2019 | 5.76% | 2.63% | 0.91x | 2.40x | RM-11.61 Million |
| 2020 | -4.07% | -1.37% | 1.01x | 2.95x | RM-36.38 Million |
| 2021 | 6.85% | 2.52% | 1.07x | 2.55x | RM-8.74 Million |
| 2022 | 25.68% | 9.08% | 1.02x | 2.77x | RM61.93 Million |
| 2023 | 9.05% | 3.05% | 1.19x | 2.48x | RM-4.22 Million |
| 2024 | 4.10% | 1.46% | 1.16x | 2.43x | RM-27.11 Million |
| 2025 | -1.01% | -0.34% | 1.14x | 2.59x | RM-49.22 Million |
Industry Comparison
This section compares AYS Ventures Bhd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $379,394,660
- Average return on equity (ROE) among peers: 5.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AYS Ventures Bhd (5021) | RM440.25 Million | 3.85% | 1.41x | $5.13 Million |
| Tashin Holdings Bhd (0211) | $105.52 Million | 3.94% | 0.78x | $3.14 Million |
| LEFORM (0266) | $169.81 Million | 26.25% | 1.30x | $10.26 Million |
| Minox International Group Berhad (0288) | $49.43 Million | 20.85% | 0.61x | $2.59 Million |
| TSA (0297) | $150.04 Million | 26.76% | 0.61x | $3.80 Million |
| Hydropipes Industries Sdn. Bhd. (03060) | $8.17 Million | 0.00% | 0.21x | $658.12 |
| BWYS Group Berhad (0313) | $217.83 Million | 3.52% | 0.84x | $7.21 Million |
| Colform Group Berhad (0341) | $83.84 Million | 16.50% | 0.18x | $571.81 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Melewar Industrial Group Bhd (3778) | $322.00 Million | -66.77% | 3.42x | $5.14 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |