iCapital.biz Berhad
iCapital.biz Berhad is a closed-ended equity fund launched and managed by Capital Dynamics Asset Management Sdn Bhd. It invests in the public equity markets of Malaysia. The fund invests in stocks of companies operating across diversified sectors. It invests in the stocks of undervalued companies. The fund benchmarks the performance of its portfolio against the KLSE Composite index. iCapital.biz … Read more
iCapital.biz Berhad (5108) - Net Assets
Latest net assets as of September 2025: RM537.58 Million MYR
Based on the latest financial reports, iCapital.biz Berhad (5108) has net assets worth RM537.58 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 (RM537.96 Million) and total liabilities (RM383.00K). 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 | RM537.58 Million |
| % of Total Assets | 99.93% |
| Annual Growth Rate | 2.41% |
| 5-Year Change | 20.88% |
| 10-Year Change | 21.34% |
| Growth Volatility | 11.73 |
iCapital.biz Berhad - Net Assets Trend (2014–2024)
This chart illustrates how iCapital.biz Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for iCapital.biz Berhad (2014–2024)
The table below shows the annual net assets of iCapital.biz Berhad from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM514.73 Million | -14.66% |
| 2023-12-31 | RM603.14 Million | +26.67% |
| 2022-12-31 | RM476.13 Million | +6.71% |
| 2021-12-31 | RM446.18 Million | +4.78% |
| 2020-12-31 | RM425.83 Million | +7.99% |
| 2019-12-31 | RM394.31 Million | -12.42% |
| 2018-12-31 | RM450.21 Million | -9.72% |
| 2017-12-31 | RM498.70 Million | +7.64% |
| 2016-12-31 | RM463.29 Million | +9.21% |
| 2015-12-31 | RM424.20 Million | +4.58% |
| 2014-12-31 | RM405.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to iCapital.biz 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM514.73 Million | 100.00% |
| Total Equity | RM514.73 Million | 100.00% |
iCapital.biz Berhad Competitors by Market Cap
The table below lists competitors of iCapital.biz Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
R.E.A. Holdings plc
LSE:RE
|
$5.55K |
|
Taiwan Environment Scientific Co., Ltd.
TW:8476
|
$5.55K |
|
Sunworks Inc
NASDAQ:SUNWQ
|
$5.55K |
|
Platinum Asia Investments Ltd
AU:PAI
|
$5.56K |
|
Iron Wolf Studio S.A.
WAR:IWS
|
$5.54K |
|
Life Electric Vehicles Holdings Inc.
PINK:LFEV
|
$5.54K |
|
Hercules Site Services PLC
LSE:HERC
|
$5.54K |
|
Growlife Inc
PINK:PHOT
|
$5.54K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in iCapital.biz Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 603,135,510 to 514,725,005, a change of -88,410,505 (-14.7%).
- Net income of 2,605,495 contributed positively to equity growth.
- Dividend payments of 10,828,229 reduced retained earnings.
- Other factors decreased equity by 80,187,771.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.61 Million | +0.51% |
| Dividends Paid | RM10.83 Million | -2.1% |
| Other Changes | RM-80.19 Million | -15.58% |
| Total Change | RM- | -14.66% |
Book Value vs Market Value Analysis
This analysis compares iCapital.biz 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: 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 decreased from 0.83x to 0.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | RM3.03 | RM2.53 | x |
| 2016-12-31 | RM3.31 | RM2.53 | x |
| 2017-12-31 | RM3.56 | RM2.53 | x |
| 2018-12-31 | RM3.22 | RM2.53 | x |
| 2019-12-31 | RM2.82 | RM2.53 | x |
| 2020-12-31 | RM3.04 | RM2.53 | x |
| 2021-12-31 | RM3.19 | RM2.53 | x |
| 2022-12-31 | RM3.40 | RM2.53 | x |
| 2023-12-31 | RM4.31 | RM2.53 | x |
| 2024-12-31 | RM3.65 | RM2.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently iCapital.biz 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): 0.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 42.05%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.00x
- Recent ROE (0.51%) is below the historical average (0.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.58% | 48.07% | 0.05x | 1.00x | RM-30.08 Million |
| 2015 | 5.04% | 48.51% | 0.10x | 1.02x | RM-21.06 Million |
| 2016 | 0.35% | 11.99% | 0.03x | 1.00x | RM-44.72 Million |
| 2017 | 0.94% | 29.50% | 0.03x | 1.00x | RM-45.19 Million |
| 2018 | 0.89% | 27.26% | 0.03x | 1.00x | RM-41.01 Million |
| 2019 | -0.91% | -28.19% | 0.03x | 1.00x | RM-43.03 Million |
| 2020 | -0.28% | -18.31% | 0.02x | 1.00x | RM-43.78 Million |
| 2021 | -0.46% | -28.71% | 0.02x | 1.00x | RM-46.66 Million |
| 2022 | 0.37% | 39.75% | 0.01x | 1.00x | RM-45.87 Million |
| 2023 | 0.49% | 41.64% | 0.01x | 1.00x | RM-57.33 Million |
| 2024 | 0.51% | 42.05% | 0.01x | 1.00x | RM-48.87 Million |
Industry Comparison
This section compares iCapital.biz Berhad's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $311,628,153
- Average return on equity (ROE) among peers: 11.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| iCapital.biz Berhad (5108) | RM537.58 Million | 2.58% | 0.00x | $5.55K |
| OSK Ventures International Bhd (0053) | $248.39 Million | 9.64% | 0.04x | $3.35 Million |
| JCBNext Berhad Bhd (0058) | $451.05 Million | 9.55% | 0.02x | $8.91 Million |
| Fintec Global Bhd (0150) | $185.37 Million | 23.43% | 0.09x | $2.88 Million |
| Kuchai Develop Bhd (2186) | $501.03 Million | 8.96% | 0.00x | $137.38K |
| Malpac Holdings Bhd (4936) | $172.30 Million | 4.31% | 0.06x | $822.83K |