TAS Offshore Bhd
TAS Offshore Berhad, together with its subsidiaries, engages in the ship building and repairing businesses in Malaysia, Indonesia, and Singapore. The company offers hull and superstructure construction; propulsion and power system installation; machinery and equipment installation; communication, navigation, and surveillance systems installation; interior fit-out; painting; and vessel testing and… Read more
TAS Offshore Bhd (5149) - Net Assets
Latest net assets as of November 2025: RM130.96 Million MYR
Based on the latest financial reports, TAS Offshore Bhd (5149) has net assets worth RM130.96 Million MYR as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM200.12 Million) and total liabilities (RM69.16 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 | RM130.96 Million |
| % of Total Assets | 65.44% |
| Annual Growth Rate | 4.46% |
| 5-Year Change | 23.2% |
| 10-Year Change | -33.83% |
| Growth Volatility | 34.42 |
TAS Offshore Bhd - Net Assets Trend (2009–2025)
This chart illustrates how TAS Offshore 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 TAS Offshore Bhd (2009–2025)
The table below shows the annual net assets of TAS Offshore Bhd from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | RM114.59 Million | +13.11% |
| 2024-05-31 | RM101.31 Million | +6.39% |
| 2023-05-31 | RM95.22 Million | +3.85% |
| 2022-05-31 | RM91.69 Million | -1.42% |
| 2021-05-31 | RM93.01 Million | +7.93% |
| 2020-05-31 | RM86.17 Million | -46.95% |
| 2019-05-31 | RM162.45 Million | +1.42% |
| 2018-05-31 | RM160.18 Million | -0.33% |
| 2017-05-31 | RM160.72 Million | -7.19% |
| 2016-05-31 | RM173.17 Million | -9.45% |
| 2015-05-31 | RM191.24 Million | +9.48% |
| 2014-05-31 | RM174.69 Million | +14.73% |
| 2013-05-31 | RM152.25 Million | +7.72% |
| 2012-05-31 | RM141.34 Million | +7.12% |
| 2011-05-31 | RM131.94 Million | +0.36% |
| 2010-05-31 | RM131.46 Million | +130.67% |
| 2009-05-31 | RM56.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TAS Offshore 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 decreased by 268900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM117.64 Million | 102.67% |
| Total Equity | RM114.59 Million | 100.00% |
TAS Offshore Bhd Competitors by Market Cap
The table below lists competitors of TAS Offshore Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rambler Metals and Mining PLC
PINK:RBMTF
|
$7.76 Million |
|
Baru Gold Corp
OTCQB:BARUF
|
$7.76 Million |
|
MCKESSON - Dusseldorf Stock Exchang
DU:MCK
|
$7.76 Million |
|
Hyterra Ltd
AU:HYT
|
$7.76 Million |
|
Mytrex Health Technologies, Inc.
TWO:4431
|
$7.76 Million |
|
EITA Resources Bhd
KLSE:5208
|
$7.75 Million |
|
Thai Parcels Public Company Limited
BK:TPL
|
$7.75 Million |
|
RUGBY RESOURCES LTD
F:64O
|
$7.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TAS Offshore Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 101,305,957 to 114,586,000, a change of 13,280,043 (13.1%).
- Net income of 17,588,000 contributed positively to equity growth.
- Dividend payments of 1,789,000 reduced retained earnings.
- Other factors decreased equity by 2,518,957.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM17.59 Million | +15.35% |
| Dividends Paid | RM1.79 Million | -1.56% |
| Other Changes | RM-2.52 Million | -2.2% |
| Total Change | RM- | 13.11% |
Book Value vs Market Value Analysis
This analysis compares TAS Offshore 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: 0.71x
- 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 1.33x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-05-31 | RM0.34 | RM0.46 | x |
| 2010-05-31 | RM0.79 | RM0.46 | x |
| 2011-05-31 | RM0.72 | RM0.46 | x |
| 2012-05-31 | RM0.78 | RM0.46 | x |
| 2013-05-31 | RM0.84 | RM0.46 | x |
| 2014-05-31 | RM0.97 | RM0.46 | x |
| 2015-05-31 | RM1.06 | RM0.46 | x |
| 2016-05-31 | RM0.96 | RM0.46 | x |
| 2017-05-31 | RM0.89 | RM0.46 | x |
| 2018-05-31 | RM0.89 | RM0.46 | x |
| 2019-05-31 | RM0.90 | RM0.46 | x |
| 2020-05-31 | RM0.48 | RM0.46 | x |
| 2021-05-31 | RM0.52 | RM0.46 | x |
| 2022-05-31 | RM0.52 | RM0.46 | x |
| 2023-05-31 | RM0.53 | RM0.46 | x |
| 2024-05-31 | RM0.57 | RM0.46 | x |
| 2025-05-31 | RM0.64 | RM0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TAS Offshore 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): 15.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.12%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.80x
- Recent ROE (15.35%) is above the historical average (-0.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 9.64% | 10.01% | 0.35x | 2.72x | RM-203.74K |
| 2010 | 6.34% | 5.95% | 0.80x | 1.34x | RM-4.81 Million |
| 2011 | 2.94% | 3.24% | 0.71x | 1.27x | RM-9.32 Million |
| 2012 | 7.92% | 11.02% | 0.53x | 1.35x | RM-2.94 Million |
| 2013 | 8.84% | 9.75% | 0.62x | 1.46x | RM-1.77 Million |
| 2014 | 16.48% | 11.32% | 0.72x | 2.03x | RM11.32 Million |
| 2015 | 6.56% | 4.55% | 0.57x | 2.54x | RM-6.58 Million |
| 2016 | -12.62% | -18.88% | 0.20x | 3.31x | RM-39.18 Million |
| 2017 | -8.73% | -67.79% | 0.03x | 3.69x | RM-30.11 Million |
| 2018 | 0.49% | 1.63% | 0.09x | 3.40x | RM-15.23 Million |
| 2019 | 2.46% | 10.82% | 0.07x | 3.46x | RM-12.26 Million |
| 2020 | -86.92% | -462.89% | 0.03x | 5.72x | RM-83.52 Million |
| 2021 | 2.03% | 5.41% | 0.27x | 1.37x | RM-7.41 Million |
| 2022 | -1.65% | -2.64% | 0.50x | 1.25x | RM-10.69 Million |
| 2023 | 16.04% | 42.29% | 0.24x | 1.60x | RM5.75 Million |
| 2024 | 9.54% | 13.35% | 0.37x | 1.92x | RM-466.52K |
| 2025 | 15.35% | 12.12% | 0.70x | 1.80x | RM6.13 Million |
Industry Comparison
This section compares TAS Offshore Bhd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $478,645,130
- Average return on equity (ROE) among peers: 7.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TAS Offshore Bhd (5149) | RM130.96 Million | 9.64% | 0.53x | $7.76 Million |
| Destini Bhd (7212) | $481.38 Million | 6.86% | 0.42x | $11.04 Million |
| Boustead Heavy Industries (8133) | $344.67 Million | 3.07% | 0.92x | $11.17 Million |
| Sam Engineering Equipment (9822) | $609.89 Million | 13.09% | 0.50x | $207.98 Million |