PBA Holdings Bhd
PBA Holdings Bhd, an investment holding company, operates as a water supplier in Malaysia. The company involved in the abstraction of raw water; treatment of water; and supply and sale of treated water to consumers. It also provides training facilities, education, and other non-water related services. The company was incorporated in 2000 and is based in Georgetown, Malaysia.
PBA Holdings Bhd (5041) - Net Assets
Latest net assets as of September 2025: RM1.15 Billion MYR
Based on the latest financial reports, PBA Holdings Bhd (5041) has net assets worth RM1.15 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM2.14 Billion) and total liabilities (RM991.27 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 | RM1.15 Billion |
| % of Total Assets | 53.71% |
| Annual Growth Rate | 3.58% |
| 5-Year Change | 50.09% |
| 10-Year Change | 41.47% |
| Growth Volatility | 10.93 |
PBA Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how PBA Holdings 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 PBA Holdings Bhd (2012–2024)
The table below shows the annual net assets of PBA Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM1.07 Billion | +13.99% |
| 2023-12-31 | RM935.76 Million | +33.13% |
| 2022-12-31 | RM702.89 Million | -5.01% |
| 2021-12-31 | RM739.97 Million | +4.12% |
| 2020-12-31 | RM710.67 Million | +4.75% |
| 2019-12-31 | RM678.42 Million | -2.51% |
| 2018-12-31 | RM695.87 Million | -14.53% |
| 2017-12-31 | RM814.17 Million | +1.75% |
| 2016-12-31 | RM800.17 Million | +6.12% |
| 2015-12-31 | RM754.00 Million | +3.71% |
| 2014-12-31 | RM727.00 Million | +1.39% |
| 2013-12-31 | RM717.00 Million | +2.58% |
| 2012-12-31 | RM699.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PBA 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 grown by 56.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM739.35 Million | 69.31% |
| Other Components | RM327.34 Million | 30.69% |
| Total Equity | RM1.07 Billion | 100.00% |
PBA Holdings Bhd Competitors by Market Cap
The table below lists competitors of PBA Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neuroone Medical Technologies Corp
NASDAQ:NMTC
|
$31.93 Million |
|
FNC ADD CULTURE. Co. Ltd
KQ:063440
|
$31.93 Million |
|
Rockfields Property Indonesia Pt
JK:ROCK
|
$31.93 Million |
|
MPM Corpóreos S.A
SA:ESPA3
|
$31.94 Million |
|
Solnaberg Property AB
ST:SOLNA
|
$31.91 Million |
|
NORDISK BERGTEKNIK SER.B
F:9LY
|
$31.91 Million |
|
SICHUAN ENG.INV.DEV.H YC1
F:84H
|
$31.91 Million |
|
Litemax Electronics
TWO:4995
|
$31.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PBA Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 935,760,000 to 1,066,686,000, a change of 130,926,000 (14.0%).
- Net income of 144,167,000 contributed positively to equity growth.
- Dividend payments of 11,584,000 reduced retained earnings.
- Share repurchases of 2,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM144.17 Million | +13.52% |
| Dividends Paid | RM11.58 Million | -1.09% |
| Share Repurchases | RM2.00K | -0.0% |
| Other Changes | RM-1.66 Million | -0.16% |
| Total Change | RM- | 13.99% |
Book Value vs Market Value Analysis
This analysis compares PBA 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: 0.58x
- 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 0.77x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM2.42 | RM1.86 | x |
| 2017-12-31 | RM2.46 | RM1.86 | x |
| 2018-12-31 | RM2.10 | RM1.86 | x |
| 2019-12-31 | RM2.05 | RM1.86 | x |
| 2020-12-31 | RM2.15 | RM1.86 | x |
| 2021-12-31 | RM2.24 | RM1.86 | x |
| 2022-12-31 | RM2.12 | RM1.86 | x |
| 2023-12-31 | RM2.83 | RM1.86 | x |
| 2024-12-31 | RM3.22 | RM1.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PBA 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): 13.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.32%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.69x
- Recent ROE (13.52%) is above the historical average (3.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.72% | 18.91% | 0.29x | 1.41x | RM-18.25 Million |
| 2017 | 4.58% | 11.94% | 0.26x | 1.50x | RM-44.14 Million |
| 2018 | -14.86% | -30.90% | 0.26x | 1.82x | RM-173.02 Million |
| 2019 | 3.71% | 7.39% | 0.23x | 2.19x | RM-42.69 Million |
| 2020 | 3.48% | 7.36% | 0.22x | 2.11x | RM-46.31 Million |
| 2021 | 2.34% | 5.60% | 0.21x | 2.03x | RM-56.68 Million |
| 2022 | 7.04% | 15.70% | 0.21x | 2.15x | RM-20.78 Million |
| 2023 | 3.67% | 8.11% | 0.26x | 1.77x | RM-59.23 Million |
| 2024 | 13.52% | 27.32% | 0.29x | 1.69x | RM37.50 Million |
Industry Comparison
This section compares PBA Holdings Bhd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $149,650,000
- Average return on equity (ROE) among peers: -25.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PBA Holdings Bhd (5041) | RM1.15 Billion | 7.72% | 0.86x | $31.92 Million |
| Ranhill Holdings Ltd (5272) | $149.65 Million | -25.98% | 0.43x | $165.51 Million |