Capital A Berhad (5099) - Net Assets

Latest as of December 2025: RM937.39 Million MYR ≈ $235.35 Million USD

Based on the latest financial reports, Capital A Berhad (5099) has net assets worth RM937.39 Million MYR (≈ $235.35 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 (RM7.39 Billion ≈ $1.86 Billion USD) and total liabilities (RM6.46 Billion ≈ $1.62 Billion 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 5099 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM937.39 Million
% of Total Assets	12.68%
Annual Growth Rate	-4.38%
5-Year Change	N/A
10-Year Change	-85.86%
Growth Volatility	69.22

Capital A Berhad - Net Assets Trend (2007–2025)

This chart illustrates how Capital A Berhad's net assets have evolved over time, based on quarterly financial data. See 5099 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Capital A Berhad (2007–2025)

The table below shows the annual net assets of Capital A Berhad from 2007 to 2025. For live valuation and market cap data, see 5099 market cap overview.

Year	Net Assets	Change
2025-12-31	RM937.39 Million ≈ $235.35 Million	+109.36%
2024-12-31	RM-10.01 Billion ≈ $-2.51 Billion	+5.74%
2023-12-31	RM-10.62 Billion ≈ $-2.67 Billion	-11.64%
2022-12-31	RM-9.52 Billion ≈ $-2.39 Billion	-48.17%
2021-12-31	RM-6.42 Billion ≈ $-1.61 Billion	-79.92%
2020-12-31	RM-3.57 Billion ≈ $-896.26 Million	-222.64%
2019-12-31	RM2.91 Billion ≈ $730.79 Million	-52.94%
2018-12-31	RM6.19 Billion ≈ $1.55 Billion	-7.82%
2017-12-31	RM6.71 Billion ≈ $1.68 Billion	+1.24%
2016-12-31	RM6.63 Billion ≈ $1.66 Billion	+48.91%
2015-12-31	RM4.45 Billion ≈ $1.12 Billion	-2.29%
2014-12-31	RM4.56 Billion ≈ $1.14 Billion	-8.92%
2013-12-31	RM5.00 Billion ≈ $1.26 Billion	-15.27%
2012-12-31	RM5.90 Billion ≈ $1.48 Billion	+46.22%
2011-12-31	RM4.04 Billion ≈ $1.01 Billion	+10.86%
2010-12-31	RM3.64 Billion ≈ $914.12 Million	+38.91%
2009-12-31	RM2.62 Billion ≈ $658.05 Million	+63.25%
2008-12-31	RM1.61 Billion ≈ $403.10 Million	-23.52%
2007-12-31	RM2.10 Billion ≈ $527.04 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Capital A Berhad'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 decreased by 570.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	RM8.82 Billion	908.76%
Other Comprehensive Income	RM7.50 Million	0.77%
Total Equity	RM970.49 Million	100.00%

Capital A Berhad Competitors by Market Cap

The table below lists competitors of Capital A Berhad ranked by their market capitalization.

Company	Market Cap
Taiyuan Lionhead Cement Co Ltd SHG:600539	$482.63 Million
ZYF Lopsking Aluminum Co Ltd SHE:002333	$482.95 Million
ACNB Corporation NASDAQ:ACNB	$483.21 Million
Shenzhen Mingdiao Decoration Co Ltd SHE:002830	$483.39 Million
United Faith Auto-Engineering Co. Ltd. SHE:301112	$482.45 Million
Beijing Hanbang Technology Corp SHE:300449	$482.42 Million
Prothena Corporation plc NASDAQ:PRTA	$482.32 Million
Allianz Ayudhya Capital Public Company Limited BK:AYUD	$482.29 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Capital A Berhad's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from -8,788,017,000 to 970,487,000, a change of 9,758,504,000.
Net income of 13,033,555,000 contributed positively to equity growth.
New share issuances of 9,604,000 increased equity.
Other comprehensive income decreased equity by 790,813,000.
Other factors decreased equity by 2,493,842,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM13.03 Billion	+1342.99%
Share Issuances	RM9.60 Million	+0.99%
Other Comprehensive Income	RM-790.81 Million	-81.49%
Other Changes	RM-2.49 Billion	-256.97%
Total Change	RM-	%

Book Value vs Market Value Analysis

This analysis compares Capital A Berhad'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: 1.92x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.63x to 1.92x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	RM0.68	RM0.43	x
2009-12-31	RM1.07	RM0.43	x
2010-12-31	RM1.31	RM0.43	x
2011-12-31	RM1.45	RM0.43	x
2012-12-31	RM2.12	RM0.43	x
2013-12-31	RM1.80	RM0.43	x
2014-12-31	RM1.64	RM0.43	x
2015-12-31	RM1.60	RM0.43	x
2016-12-31	RM2.38	RM0.43	x
2017-12-31	RM2.44	RM0.43	x
2018-12-31	RM2.33	RM0.43	x
2019-12-31	RM1.35	RM0.43	x
2020-12-31	RM-0.36	RM0.43	x
2021-12-31	RM-0.89	RM0.43	x
2022-12-31	RM-1.41	RM0.43	x
2023-12-31	RM-2.08	RM0.43	x
2024-12-31	RM-2.04	RM0.43	x
2025-12-31	RM0.22	RM0.43	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Capital A Berhad 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): 1342.99%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 653.50%
• Asset Turnover: 0.27x
• Equity Multiplier: 7.62x
Recent ROE (1342.99%) is above the historical average (83.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	-30.93%	-18.85%	0.28x	5.93x	RM-657.12 Million
2009	19.32%	16.16%	0.27x	4.35x	RM244.16 Million
2010	29.15%	26.88%	0.30x	3.64x	RM697.32 Million
2011	13.76%	12.35%	0.32x	3.45x	RM151.68 Million
2012	31.03%	37.03%	0.30x	2.84x	RM1.24 Billion
2013	7.24%	7.08%	0.29x	3.57x	RM-137.97 Million
2014	1.82%	1.53%	0.26x	4.54x	RM-372.67 Million
2015	12.16%	8.59%	0.30x	4.79x	RM95.96 Million
2016	30.91%	29.94%	0.31x	3.31x	RM1.39 Billion
2017	20.24%	16.77%	0.45x	2.69x	RM823.96 Million
2018	25.27%	18.49%	0.57x	2.38x	RM1.19 Billion
2019	-6.30%	-2.39%	0.46x	5.69x	RM-733.06 Million
2020	0.00%	-188.04%	0.16x	0.00x	RM-5.77 Billion
2021	0.00%	-202.64%	0.09x	0.00x	RM-3.38 Billion
2022	0.00%	-51.33%	0.32x	0.00x	RM-2.73 Billion
2023	0.00%	2.29%	0.52x	0.00x	RM1.21 Billion
2024	0.00%	-31.72%	0.05x	0.00x	RM403.69 Million
2025	1342.99%	653.50%	0.27x	7.62x	RM12.94 Billion

Industry Comparison

This section compares Capital A Berhad's net assets metrics with peer companies in the Airlines industry.

Industry Context

Industry: Airlines
Average net assets among peers: $519,064,000
Average return on equity (ROE) among peers: 36.94%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Capital A Berhad (5099)	RM937.39 Million	-30.93%	6.89x	$482.63 Million
AirAsia X Bhd (5238)	$519.06 Million	36.94%	5.47x	$1.11 Billion

About Capital A Berhad

KLSE:5099 Malaysia Airlines

Market Cap

$482.63 Million

RM1.92 Billion MYR

Market Cap Rank

#12559 Global

#129 in Malaysia

Share Price

RM0.43

Change (1 day)

+1.18%

52-Week Range

RM0.38 - RM1.01

All Time High

RM2.52