Malaysian Bulk Carriers Bhd
Maybulk Berhad, an investment holding company, provides dry bulk shipping services in Malaysia and internationally. The company transports major bulks, such as iron ore, coal, and grains; and minor bulks comprising sugar, coke, fertilisers, and other products. It also provides ship brokering, operating, and managing services; and general shipping services. In addition, the company engages in the … Read more
Malaysian Bulk Carriers Bhd (5077) - Net Assets
Latest net assets as of June 2025: RM483.88 Million MYR
Based on the latest financial reports, Malaysian Bulk Carriers Bhd (5077) has net assets worth RM483.88 Million MYR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM633.49 Million) and total liabilities (RM149.61 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 | RM483.88 Million |
| % of Total Assets | 76.38% |
| Annual Growth Rate | -9.89% |
| 5-Year Change | 85.04% |
| 10-Year Change | -58.78% |
| Growth Volatility | 28.88 |
Malaysian Bulk Carriers Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Malaysian Bulk Carriers 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 Malaysian Bulk Carriers Bhd (2012–2024)
The table below shows the annual net assets of Malaysian Bulk Carriers Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM507.47 Million | -2.84% |
| 2023-12-31 | RM522.31 Million | +7.24% |
| 2022-12-31 | RM487.05 Million | +3.84% |
| 2021-12-31 | RM469.02 Million | +71.02% |
| 2020-12-31 | RM274.25 Million | -22.71% |
| 2019-12-31 | RM354.83 Million | -9.73% |
| 2018-12-31 | RM393.09 Million | -25.24% |
| 2017-12-31 | RM525.78 Million | -25.83% |
| 2016-12-31 | RM708.89 Million | -42.41% |
| 2015-12-31 | RM1.23 Billion | -38.94% |
| 2014-12-31 | RM2.02 Billion | +5.33% |
| 2013-12-31 | RM1.91 Billion | +8.14% |
| 2012-12-31 | RM1.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Malaysian Bulk Carriers 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 64593300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM395.20 Million | 80.73% |
| Other Components | RM94.31 Million | 19.27% |
| Total Equity | RM489.52 Million | 100.00% |
Malaysian Bulk Carriers Bhd Competitors by Market Cap
The table below lists competitors of Malaysian Bulk Carriers Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATA Creativity Global
NASDAQ:AACG
|
$25.37 Million |
|
Community Bancorp of Santa Maria
OTCQX:CYSM
|
$25.37 Million |
|
Hancom Lifecare Inc.
KO:372910
|
$25.39 Million |
|
E& Corporation CO. LTD
KQ:066980
|
$25.42 Million |
|
Negri Sembilan Oil Palms Bhd
KLSE:2038
|
$25.36 Million |
|
EarthLabs Inc.
F:8EK0
|
$25.36 Million |
|
Ascelia Pharma AB (publ)
ST:ACE
|
$25.35 Million |
|
ICBC Turkey Bank AS
IS:ICBCT
|
$25.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malaysian Bulk Carriers Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 522,308,000 to 489,516,000, a change of -32,792,000 (-6.3%).
- Net income of 4,104,000 contributed positively to equity growth.
- Dividend payments of 15,296,000 reduced retained earnings.
- Share repurchases of 17,710,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM4.10 Million | +0.84% |
| Dividends Paid | RM15.30 Million | -3.12% |
| Share Repurchases | RM17.71 Million | -3.62% |
| Other Changes | RM-3.89 Million | -0.79% |
| Total Change | RM- | -6.28% |
Book Value vs Market Value Analysis
This analysis compares Malaysian Bulk Carriers 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: 0.69x
- 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 0.50x to 0.69x 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 | RM0.71 | RM0.36 | x |
| 2017-12-31 | RM0.53 | RM0.36 | x |
| 2018-12-31 | RM0.39 | RM0.36 | x |
| 2019-12-31 | RM0.35 | RM0.36 | x |
| 2020-12-31 | RM0.27 | RM0.36 | x |
| 2021-12-31 | RM0.47 | RM0.36 | x |
| 2022-12-31 | RM0.49 | RM0.36 | x |
| 2023-12-31 | RM0.52 | RM0.36 | x |
| 2024-12-31 | RM0.52 | RM0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malaysian Bulk Carriers 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): 0.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.34%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.34x
- Recent ROE (0.84%) is below the historical average (3.73%), 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 | -69.31% | -217.87% | 0.14x | 2.23x | RM-562.20 Million |
| 2017 | -25.67% | -49.51% | 0.23x | 2.30x | RM-187.53 Million |
| 2018 | 67.12% | 110.40% | 0.23x | 2.60x | RM224.53 Million |
| 2019 | -2.06% | -2.84% | 0.27x | 2.70x | RM-42.80 Million |
| 2020 | -7.58% | -11.81% | 0.27x | 2.38x | RM-48.21 Million |
| 2021 | 41.63% | 94.30% | 0.33x | 1.34x | RM148.34 Million |
| 2022 | 19.13% | 60.20% | 0.24x | 1.31x | RM44.48 Million |
| 2023 | 9.51% | 38.72% | 0.24x | 1.03x | RM-2.58 Million |
| 2024 | 0.84% | 4.34% | 0.14x | 1.34x | RM-44.85 Million |
Industry Comparison
This section compares Malaysian Bulk Carriers Bhd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $2,601,303,018
- Average return on equity (ROE) among peers: -93.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malaysian Bulk Carriers Bhd (5077) | RM483.88 Million | -69.31% | 0.31x | $25.37 Million |
| MISC Bhd (3816) | $18.44 Billion | 15.31% | 0.50x | $3.69 Billion |
| Bintulu Port Holdings Bhd (5032) | $1.69 Billion | 21.49% | 0.87x | $134.22 Million |
| Sealink International Bhd (5145) | $216.54 Million | -1.76% | 0.51x | $14.21 Million |
| Shin Yang Shipping Corporation Bhd (5173) | $1.16 Billion | 0.46% | 0.55x | $25.55 Million |
| EA Technique M Bhd (5259) | $17.46 Million | -862.63% | 31.10x | $18.76 Million |
| PDZ Holdings Bhd (6254) | $53.87 Million | -21.97% | 0.17x | $2.23 Million |
| Suria Capital Holdings Bhd (6521) | $1.11 Billion | 2.98% | 0.24x | $40.92 Million |
| HUBLine Bhd (7013) | $169.06 Million | 7.01% | 1.03x | $15.16 Million |
| Perak Corporation Bhd (8346) | $561.21 Million | -2.78% | 1.11x | $2.36 Million |