iCapital.biz Berhad (5108) - Net Assets

Latest as of March 2026: RM605.86 Million MYR ≈ $152.11 Million USD

Based on the latest financial reports, iCapital.biz Berhad (5108) has net assets worth RM605.86 Million MYR (≈ $152.11 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM606.53 Million ≈ $152.28 Million USD) and total liabilities (RM677.00K ≈ $169.97K 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 iCapital.biz Berhad strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM605.86 Million
% of Total Assets	99.89%
Annual Growth Rate	3.71%
5-Year Change	35.79%
10-Year Change	30.77%
Growth Volatility	11.95

iCapital.biz Berhad - Net Assets Trend (2014–2025)

This chart illustrates how iCapital.biz Berhad's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see iCapital.biz Berhad market capitalisation.

Annual Net Assets for iCapital.biz Berhad (2014–2025)

The table below shows the annual net assets of iCapital.biz Berhad from 2014 to 2025. Also explore iCapital.biz Berhad net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM605.86 Million ≈ $152.11 Million	+17.70%
2024-12-31	RM514.73 Million ≈ $129.23 Million	-14.66%
2023-12-31	RM603.14 Million ≈ $151.43 Million	+26.67%
2022-12-31	RM476.13 Million ≈ $119.54 Million	+6.71%
2021-12-31	RM446.18 Million ≈ $112.02 Million	+4.78%
2020-12-31	RM425.83 Million ≈ $106.91 Million	+7.99%
2019-12-31	RM394.31 Million ≈ $99.00 Million	-12.42%
2018-12-31	RM450.21 Million ≈ $113.03 Million	-9.72%
2017-12-31	RM498.70 Million ≈ $125.21 Million	+7.64%
2016-12-31	RM463.29 Million ≈ $116.32 Million	+9.21%
2015-12-31	RM424.20 Million ≈ $106.50 Million	+4.58%
2014-12-31	RM405.62 Million ≈ $101.84 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 grown by 20.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM255.66 Million	42.20%
Other Components	RM350.20 Million	57.80%
Total Equity	RM605.86 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
Brii Biosciences Limited F:7SS	$88.53 Million
Alan Allman Associates SA PA:AAA	$88.60 Million
GrowGeneration Corp NASDAQ:GRWG	$88.68 Million
Smiths Group PLC LSE:SMIN	$88.70 Million
Beauty Health Co NASDAQ:SKIN	$88.51 Million
Atlas Lithium Corporation Common Stock NASDAQ:ATLX	$88.47 Million
Anixa Biosciences Inc NASDAQ:ANIX	$88.46 Million
Prozone Realty Limited NSE:PROZONER	$88.46 Million

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 2024 to 2025, total equity changed from 514,725,005 to 605,856,000, a change of 91,130,995 (17.7%).
Net income of 1,312,000 contributed positively to equity growth.
Dividend payments of 19,095,000 reduced retained earnings.
Other factors increased equity by 108,913,995.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM1.31 Million	+0.22%
Dividends Paid	RM19.09 Million	-3.15%
Other Changes	RM108.91 Million	+17.98%
Total Change	RM-	17.70%

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: 0.58x
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 0.58x 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	RM2.50	x
2016-12-31	RM3.31	RM2.50	x
2017-12-31	RM3.56	RM2.50	x
2018-12-31	RM3.22	RM2.50	x
2019-12-31	RM2.82	RM2.50	x
2020-12-31	RM3.04	RM2.50	x
2021-12-31	RM3.19	RM2.50	x
2022-12-31	RM3.40	RM2.50	x
2023-12-31	RM4.31	RM2.50	x
2024-12-31	RM3.65	RM2.50	x
2025-12-31	RM4.30	RM2.50	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): 0.22%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.03%
• Asset Turnover: 0.02x
• Equity Multiplier: 1.00x
Recent ROE (0.22%) is below the historical average (0.81%), 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%	17.96%	0.03x	1.00x	RM-48.87 Million
2025	0.22%	10.03%	0.02x	1.00x	RM-59.27 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: $253,111,512
Average return on equity (ROE) among peers: 3.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
iCapital.biz Berhad (5108)	RM605.86 Million	2.58%	0.00x	$88.52 Million
OSK Ventures International Bhd (0053)	$213.60 Million	14.61%	0.02x	$26.88 Million
JCBNext Berhad Bhd (0058)	$348.82 Million	6.76%	0.01x	$59.40 Million
Fintec Global Bhd (0150)	$64.35 Million	-5.87%	0.00x	$3.35 Million
Kuchai Develop Bhd (2186)	$442.79 Million	2.90%	0.01x	$618.74K
Malpac Holdings Bhd (4936)	$196.00 Million	0.51%	0.04x	$13.56 Million

About iCapital.biz Berhad

KLSE:5108 Malaysia Asset Management

Market Cap

$88.52 Million

RM352.59 Million MYR

Market Cap Rank

#19733 Global

#356 in Malaysia

Share Price

RM2.50

Change (1 day)

-0.40%

52-Week Range

RM2.35 - RM2.69

All Time High

RM3.59