Aeon Credit Service Bhd
AEON Credit Service (M) Berhad provides consumer financial services in Malaysia. It offers easy payment and personal financing schemes based on Islamic principles; and issues payment cards under the Visa and MasterCard brand names. The company also provides credit and prepaid cards; AEON Wallet app; hire purchase financing for motor vehicles; insurance brokerage; motorcycle, auto, SME, and object… Read more
Aeon Credit Service Bhd (5139) - Net Assets
Latest net assets as of November 2025: RM2.93 Billion MYR
Based on the latest financial reports, Aeon Credit Service Bhd (5139) has net assets worth RM2.93 Billion MYR as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM15.62 Billion) and total liabilities (RM12.69 Billion). 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 | RM2.93 Billion |
| % of Total Assets | 18.77% |
| Annual Growth Rate | 22.2% |
| 5-Year Change | 49.59% |
| 10-Year Change | 166.96% |
| Growth Volatility | 22.09 |
Aeon Credit Service Bhd - Net Assets Trend (2006–2025)
This chart illustrates how Aeon Credit Service 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 Aeon Credit Service Bhd (2006–2025)
The table below shows the annual net assets of Aeon Credit Service Bhd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | RM2.83 Billion | +7.37% |
| 2024-02-29 | RM2.64 Billion | +4.47% |
| 2023-02-28 | RM2.52 Billion | +14.70% |
| 2022-02-28 | RM2.20 Billion | +16.27% |
| 2021-02-28 | RM1.89 Billion | +7.73% |
| 2020-02-29 | RM1.76 Billion | -6.27% |
| 2019-02-28 | RM1.87 Billion | +0.94% |
| 2018-02-28 | RM1.86 Billion | +50.90% |
| 2017-02-28 | RM1.23 Billion | +16.04% |
| 2016-02-29 | RM1.06 Billion | +11.00% |
| 2015-02-28 | RM955.71 Million | +48.04% |
| 2014-02-28 | RM645.56 Million | +50.41% |
| 2013-02-28 | RM429.21 Million | +25.78% |
| 2012-02-29 | RM341.23 Million | +20.91% |
| 2011-02-28 | RM282.22 Million | +12.68% |
| 2010-02-28 | RM250.46 Million | +16.04% |
| 2009-02-28 | RM215.84 Million | +18.87% |
| 2008-02-29 | RM181.58 Million | +74.32% |
| 2007-02-28 | RM104.17 Million | +65.91% |
| 2006-02-28 | RM62.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aeon Credit Service 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 7175.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM2.25 Billion | 79.34% |
| Common Stock | RM584.01 Million | 20.62% |
| Other Components | RM1.10 Million | 0.04% |
| Total Equity | RM2.83 Billion | 100.00% |
Aeon Credit Service Bhd Competitors by Market Cap
The table below lists competitors of Aeon Credit Service Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metals X Limited
PINK:MLXEF
|
$213.21 Million |
|
Legato Merger Corp. III
NYSE:LEGT-UN
|
$213.21 Million |
|
One Stop Systems Inc
NASDAQ:OSS
|
$213.28 Million |
|
Zhejiang Double Arrow Rubber Co Ltd
SHE:002381
|
$213.31 Million |
|
Dimerco Data System
TWO:5403
|
$213.17 Million |
|
ESSO THAILAND NVDR (JAV2.SG)
STU:JAV2
|
$213.15 Million |
|
Xinjiang Winka Times Dept
SHG:603101
|
$213.13 Million |
|
Fagerhult AB
ST:FAG
|
$213.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aeon Credit Service Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,637,631,000 to 2,831,948,000, a change of 194,317,000 (7.4%).
- Net income of 370,611,000 contributed positively to equity growth.
- Dividend payments of 144,249,000 reduced retained earnings.
- Other comprehensive income decreased equity by 20,150,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM370.61 Million | +13.09% |
| Dividends Paid | RM144.25 Million | -5.09% |
| Other Comprehensive Income | RM-20.15 Million | -0.71% |
| Other Changes | RM-11.89 Million | -0.42% |
| Total Change | RM- | 7.37% |
Book Value vs Market Value Analysis
This analysis compares Aeon Credit Service 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: 0.98x
- 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 15.26x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-02-28 | RM0.36 | RM5.43 | x |
| 2007-02-28 | RM0.59 | RM5.43 | x |
| 2008-02-29 | RM0.99 | RM5.43 | x |
| 2009-02-28 | RM1.00 | RM5.43 | x |
| 2010-02-28 | RM1.16 | RM5.43 | x |
| 2011-02-28 | RM1.31 | RM5.43 | x |
| 2012-02-29 | RM1.45 | RM5.43 | x |
| 2013-02-28 | RM2.19 | RM5.43 | x |
| 2014-02-28 | RM2.99 | RM5.43 | x |
| 2015-02-28 | RM4.42 | RM5.43 | x |
| 2016-02-29 | RM4.91 | RM5.43 | x |
| 2017-02-28 | RM4.95 | RM5.43 | x |
| 2018-02-28 | RM9.03 | RM5.43 | x |
| 2019-02-28 | RM7.34 | RM5.43 | x |
| 2020-02-29 | RM6.88 | RM5.43 | x |
| 2021-02-28 | RM7.42 | RM5.43 | x |
| 2022-02-28 | RM8.62 | RM5.43 | x |
| 2023-02-28 | RM4.94 | RM5.43 | x |
| 2024-02-29 | RM5.17 | RM5.43 | x |
| 2025-02-28 | RM5.55 | RM5.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aeon Credit Service 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): 13.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.84%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 5.07x
- Recent ROE (13.09%) is below the historical average (20.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 21.51% | 19.54% | 0.20x | 5.38x | RM7.23 Million |
| 2007 | 18.91% | 16.98% | 0.20x | 5.49x | RM9.29 Million |
| 2008 | 18.39% | 22.00% | 0.21x | 4.03x | RM15.24 Million |
| 2009 | 22.59% | 26.08% | 0.21x | 4.22x | RM27.17 Million |
| 2010 | 21.67% | 21.85% | 0.25x | 4.03x | RM29.23 Million |
| 2011 | 22.48% | 23.53% | 0.23x | 4.17x | RM35.21 Million |
| 2012 | 28.02% | 27.77% | 0.22x | 4.59x | RM61.48 Million |
| 2013 | 31.25% | 28.71% | 0.19x | 5.67x | RM91.21 Million |
| 2014 | 27.16% | 26.06% | 0.18x | 5.84x | RM110.80 Million |
| 2015 | 22.57% | 24.75% | 0.18x | 5.15x | RM120.15 Million |
| 2016 | 21.51% | 23.64% | 0.16x | 5.75x | RM122.14 Million |
| 2017 | 21.53% | 24.05% | 0.15x | 5.91x | RM141.93 Million |
| 2018 | 16.15% | 24.29% | 0.16x | 4.15x | RM114.31 Million |
| 2019 | 18.91% | 25.96% | 0.16x | 4.62x | RM167.13 Million |
| 2020 | 16.62% | 18.27% | 0.15x | 5.94x | RM116.31 Million |
| 2021 | 12.36% | 14.98% | 0.15x | 5.40x | RM44.64 Million |
| 2022 | 16.60% | 23.96% | 0.15x | 4.61x | RM145.29 Million |
| 2023 | 16.54% | 25.46% | 0.15x | 4.40x | RM165.20 Million |
| 2024 | 15.70% | 19.65% | 0.17x | 4.78x | RM150.26 Million |
| 2025 | 13.09% | 16.84% | 0.15x | 5.07x | RM87.42 Million |
Industry Comparison
This section compares Aeon Credit Service Bhd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $358,175,567
- Average return on equity (ROE) among peers: 10.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aeon Credit Service Bhd (5139) | RM2.93 Billion | 21.51% | 4.33x | $213.19 Million |
| Pappajack Bhd (0242) | $54.93 Million | 2.86% | 0.10x | $38.79 Million |
| Evergreen Max Cash Capital Berhad (0286) | $137.06 Million | 14.63% | 0.61x | $25.82 Million |
| ELK-Desa Resources Bhd (5228) | $410.94 Million | 8.01% | 0.33x | $29.84 Million |
| RCE Capital Berhad (9296) | $829.77 Million | 16.72% | 2.61x | $136.46 Million |