Marine & General Bhd
Marine & General Berhad, an investment holding company, provides offshore marine support services for the upstream and downstream oil and gas industry in Malaysia. The company operates through two segments, Marine Logistics " Upstream; and Marine Logistics - Downstream. It owns and charters out offshore support vessels for use by the oil majors in exploration and production activities, including … Read more
Marine & General Bhd (5078) - Net Assets
Latest net assets as of September 2025: RM261.37 Million MYR
Based on the latest financial reports, Marine & General Bhd (5078) has net assets worth RM261.37 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 (RM861.72 Million) and total liabilities (RM600.36 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 | RM261.37 Million |
| % of Total Assets | 30.33% |
| Annual Growth Rate | -0.64% |
| 5-Year Change | 93.76% |
| 10-Year Change | -5.28% |
| Growth Volatility | 64.29 |
Marine & General Bhd - Net Assets Trend (2013–2024)
This chart illustrates how Marine & General 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 Marine & General Bhd (2013–2024)
The table below shows the annual net assets of Marine & General Bhd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM235.86 Million | +45.38% |
| 2023-12-31 | RM162.24 Million | +9.28% |
| 2022-12-31 | RM148.47 Million | +50.87% |
| 2021-12-31 | RM98.40 Million | -19.16% |
| 2020-12-31 | RM121.73 Million | +191.08% |
| 2019-12-31 | RM41.82 Million | -54.25% |
| 2018-12-31 | RM91.40 Million | -45.29% |
| 2017-12-31 | RM167.08 Million | +48.21% |
| 2016-12-31 | RM112.73 Million | -54.73% |
| 2015-12-31 | RM249.00 Million | -4.60% |
| 2015-07-31 | RM261.00 Million | +7.41% |
| 2014-12-31 | RM243.00 Million | -3.95% |
| 2013-12-31 | RM253.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marine & General 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 4124800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM275.70 Million | 116.89% |
| Other Components | RM69.03 Million | 29.27% |
| Total Equity | RM235.86 Million | 100.00% |
Marine & General Bhd Competitors by Market Cap
The table below lists competitors of Marine & General Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WESTBRIDGE RE. EN. CORP.
F:PUQ
|
$26.88 Million |
|
Elutia Inc.
NASDAQ:ELUT
|
$26.88 Million |
|
Mindax Ltd
AU:MDX
|
$26.89 Million |
|
Beam Global
NASDAQ:BEEM
|
$26.89 Million |
|
Shanghai Guijiu Co Ltd
SHG:600696
|
$26.88 Million |
|
General de Alquiler de Maquinaria SA
MC:GAM
|
$26.87 Million |
|
NeueHealth Inc
NYSE:NEUE
|
$26.87 Million |
|
Tillys Inc
NYSE:TLYS
|
$26.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marine & General Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 204,024,000 to 235,861,000, a change of 31,837,000 (15.6%).
- Net income of 44,793,000 contributed positively to equity growth.
- Dividend payments of 400,000 reduced retained earnings.
- Other factors decreased equity by 12,556,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM44.79 Million | +18.99% |
| Dividends Paid | RM400.00K | -0.17% |
| Other Changes | RM-12.56 Million | -5.32% |
| Total Change | RM- | 15.60% |
Book Value vs Market Value Analysis
This analysis compares Marine & General 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: 0.63x
- 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 1.18x to 0.63x 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 | RM0.16 | RM0.19 | x |
| 2017-12-31 | RM0.23 | RM0.19 | x |
| 2018-12-31 | RM0.13 | RM0.19 | x |
| 2019-12-31 | RM0.06 | RM0.19 | x |
| 2020-12-31 | RM0.17 | RM0.19 | x |
| 2021-12-31 | RM0.14 | RM0.19 | x |
| 2022-12-31 | RM0.21 | RM0.19 | x |
| 2023-12-31 | RM0.28 | RM0.19 | x |
| 2024-12-31 | RM0.30 | RM0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marine & General 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): 18.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.72%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 3.68x
- Recent ROE (18.99%) is above the historical average (-13.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -65.66% | -43.91% | 0.07x | 21.84x | RM-85.29 Million |
| 2017 | 91.23% | 100.23% | 0.13x | 6.77x | RM135.72 Million |
| 2018 | -78.20% | -30.71% | 0.22x | 11.36x | RM-80.62 Million |
| 2019 | -118.68% | -23.24% | 0.22x | 22.95x | RM-53.81 Million |
| 2020 | 7.43% | 4.80% | 0.22x | 6.96x | RM-3.12 Million |
| 2021 | -29.28% | -13.12% | 0.27x | 8.39x | RM-38.65 Million |
| 2022 | 32.39% | 15.65% | 0.36x | 5.79x | RM33.24 Million |
| 2023 | 23.05% | 13.52% | 0.41x | 4.20x | RM26.63 Million |
| 2024 | 18.99% | 12.72% | 0.41x | 3.68x | RM21.21 Million |
Industry Comparison
This section compares Marine & General Bhd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $639,929,922
- Average return on equity (ROE) among peers: 3.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marine & General Bhd (5078) | RM261.37 Million | -65.66% | 2.30x | $26.88 Million |
| Reservoir Link Energy Bhd (0219) | $21.17 Million | 15.37% | 0.78x | $9.11 Million |
| Ocean Vantage Holdings Bhd (0220) | $49.81 Million | 14.69% | 0.16x | $6.73 Million |
| Coastal Contracts Bhd (5071) | $1.09 Billion | -9.67% | 0.43x | $42.02 Million |
| Alam Maritim Resources Bhd (5115) | $-87.52 Million | 0.00% | 0.00x | $14.09 Million |
| Deleum Bhd (5132) | $358.25 Million | 4.76% | 0.70x | $34.93 Million |
| Petra Energy Bhd (5133) | $547.00 Million | 8.59% | 1.02x | $14.09 Million |
| Dayang Enterprise Holdings Bhd (5141) | $372.71 Million | 18.17% | 0.47x | $274.52 Million |
| Wah Seong Corporation Bhd (5142) | $775.89 Million | -29.42% | 2.36x | $84.25 Million |
| Malaysia Marine and Heavy Engineering Holdings Bhd (5186) | $2.64 Billion | 4.93% | 0.69x | $28.06 Million |