Naim Holdings Bhd (5073) - Net Assets
Based on the latest financial reports, Naim Holdings Bhd (5073) has net assets worth RM1.55 Billion MYR (≈ $388.38 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 (RM1.86 Billion ≈ $467.96 Million USD) and total liabilities (RM316.96 Million ≈ $79.58 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 Naim Holdings Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM1.55 Billion |
| % of Total Assets | 82.99% |
| Annual Growth Rate | 4.76% |
| 5-Year Change | 26.9% |
| 10-Year Change | 18.81% |
| Growth Volatility | 10.75 |
Naim Holdings Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Naim Holdings Bhd's net assets have evolved over time, based on quarterly financial data. See Naim Holdings Bhd (5073) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Naim Holdings Bhd (2012–2025)
The table below shows the annual net assets of Naim Holdings Bhd from 2012 to 2025. For live valuation and market cap data, see 5073 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.56 Billion ≈ $392.13 Million |
+2.18% |
| 2024-12-31 | RM1.53 Billion ≈ $383.77 Million |
+15.41% |
| 2023-12-31 | RM1.32 Billion ≈ $332.52 Million |
+4.72% |
| 2022-12-31 | RM1.26 Billion ≈ $317.52 Million |
+2.75% |
| 2021-12-31 | RM1.23 Billion ≈ $309.02 Million |
-8.74% |
| 2020-12-31 | RM1.35 Billion ≈ $338.62 Million |
+0.01% |
| 2019-12-31 | RM1.35 Billion ≈ $338.57 Million |
+14.76% |
| 2018-12-31 | RM1.18 Billion ≈ $295.03 Million |
+6.08% |
| 2017-12-31 | RM1.11 Billion ≈ $278.13 Million |
-15.73% |
| 2016-12-31 | RM1.31 Billion ≈ $330.05 Million |
-0.56% |
| 2015-12-31 | RM1.32 Billion ≈ $331.91 Million |
+3.69% |
| 2014-12-31 | RM1.27 Billion ≈ $320.11 Million |
+19.83% |
| 2013-12-31 | RM1.06 Billion ≈ $267.14 Million |
+24.74% |
| 2012-12-31 | RM853.00 Million ≈ $214.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Naim 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 13.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.11 Billion | 72.00% |
| Other Components | RM433.15 Million | 28.00% |
| Total Equity | RM1.55 Billion | 100.00% |
Naim Holdings Bhd Competitors by Market Cap
The table below lists competitors of Naim Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PannErgy Nyrt.
F:PPL
|
$94.23 Million |
|
Eusu Holdings
KO:000700
|
$94.24 Million |
|
Kervansaray Yatirim Holding AS
IS:KERVN
|
$94.24 Million |
|
Ybox Real Estate Ltd
TA:YBOX
|
$94.26 Million |
|
Strix Group Plc
F:SG9
|
$94.13 Million |
|
Recce Pharmaceuticals Ltd
AU:RCE
|
$94.12 Million |
|
Nordic Mining ASA
OL:NOM
|
$94.11 Million |
|
Rich Honour International Designs Co Ltd
TW:6754
|
$94.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Naim Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,528,564,000 to 1,546,916,000, a change of 18,352,000 (1.2%).
- Net income of 28,429,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM28.43 Million | +1.84% |
| Other Changes | RM-10.08 Million | -0.65% |
| Total Change | RM- | 1.20% |
Book Value vs Market Value Analysis
This analysis compares Naim 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: 0.24x
- 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 increased from 0.14x to 0.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM5.55 | RM0.75 | x |
| 2017-12-31 | RM3.43 | RM0.75 | x |
| 2018-12-31 | RM3.64 | RM0.75 | x |
| 2019-12-31 | RM2.69 | RM0.75 | x |
| 2020-12-31 | RM2.69 | RM0.75 | x |
| 2021-12-31 | RM2.46 | RM0.75 | x |
| 2022-12-31 | RM2.53 | RM0.75 | x |
| 2023-12-31 | RM2.61 | RM0.75 | x |
| 2024-12-31 | RM3.05 | RM0.75 | x |
| 2025-12-31 | RM3.09 | RM0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Naim 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): 1.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.44%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.20x
- Recent ROE (1.84%) is above the historical average (1.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.60% | 5.72% | 0.28x | 1.62x | RM-96.73 Million |
| 2016 | 0.05% | 0.17% | 0.19x | 1.69x | RM-130.74 Million |
| 2017 | -16.37% | -48.46% | 0.18x | 1.91x | RM-292.15 Million |
| 2018 | 5.53% | 10.73% | 0.27x | 1.93x | RM-52.53 Million |
| 2019 | 4.20% | 13.79% | 0.18x | 1.66x | RM-78.23 Million |
| 2020 | 3.97% | 9.08% | 0.29x | 1.53x | RM-81.34 Million |
| 2021 | -6.39% | -18.63% | 0.23x | 1.49x | RM-201.75 Million |
| 2022 | 1.96% | 6.73% | 0.20x | 1.43x | RM-101.66 Million |
| 2023 | 2.68% | 11.05% | 0.18x | 1.38x | RM-95.72 Million |
| 2024 | 14.93% | 45.79% | 0.26x | 1.25x | RM75.39 Million |
| 2025 | 1.84% | 14.44% | 0.11x | 1.20x | RM-126.26 Million |
Industry Comparison
This section compares Naim Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $85,522,797
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Naim Holdings Bhd (5073) | RM1.55 Billion | 2.60% | 0.20x | $94.15 Million |
| Southern Score Builders Berhad (0045) | $-6.44 Million | 0.00% | 0.00x | $296.70 Million |
| Ecobuilt Holdings Bhd (0059) | $109.90 Million | -11.02% | 1.00x | $2.64 Million |
| Mega Sun City Holdings Bhd (0081) | $50.82 Million | -3.25% | 0.01x | $2.97 Million |
| Waja Konsortium Bhd (0102) | $40.12 Million | -0.57% | 1.17x | $14.00 Million |
| Kelington Group Bhd (0151) | $168.33 Million | 10.40% | 1.08x | $1.54 Billion |
| Widad Group Bhd (0162) | $12.65 Million | 30.99% | 0.34x | $11.75 Million |
| Pasukhas Group Bhd (0177) | $63.49 Million | -17.20% | 1.27x | $3.11 Million |
| HSS Engineers Bhd (0185) | $224.88 Million | 4.82% | 0.62x | $58.09 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $9.42 Million |
| Inta Bina Group Bhd (0192) | $146.80 Million | 8.03% | 1.63x | $60.19 Million |
About Naim Holdings Bhd
Naim Holdings Berhad, an investment holding company, engages in the property development and construction businesses in Malaysia. It operates through three segments: Property Development, Construction, and Others. The Property Development segment develops and constructs residential and commercial properties, as well as sells vacant land. The Construction segment constructs buildings, roads, bridg… Read more