Ivory Properties Group Bhd (5175) - Net Assets
Based on the latest financial reports, Ivory Properties Group Bhd (5175) has net assets worth RM38.79 Million MYR (≈ $9.74 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM244.88 Million ≈ $61.48 Million USD) and total liabilities (RM206.09 Million ≈ $51.74 Million 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 5175 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM38.79 Million |
| % of Total Assets | 15.84% |
| Annual Growth Rate | -18.65% |
| 5-Year Change | -87.35% |
| 10-Year Change | -90.53% |
| Growth Volatility | 22.66 |
Ivory Properties Group Bhd - Net Assets Trend (2014–2025)
This chart illustrates how Ivory Properties Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Ivory Properties Group Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Ivory Properties Group Bhd (2014–2025)
The table below shows the annual net assets of Ivory Properties Group Bhd from 2014 to 2025. For live valuation and market cap data, see Ivory Properties Group Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM39.14 Million ≈ $9.83 Million |
+3.28% |
| 2024-03-31 | RM37.89 Million ≈ $9.51 Million |
-63.66% |
| 2023-03-31 | RM104.29 Million ≈ $26.18 Million |
-54.65% |
| 2022-03-31 | RM229.95 Million ≈ $57.73 Million |
-25.69% |
| 2021-03-31 | RM309.46 Million ≈ $77.69 Million |
-21.45% |
| 2020-03-31 | RM393.96 Million ≈ $98.91 Million |
-4.69% |
| 2019-03-31 | RM413.33 Million ≈ $103.77 Million |
-3.56% |
| 2018-03-31 | RM428.59 Million ≈ $107.60 Million |
+3.24% |
| 2017-03-31 | RM415.14 Million ≈ $104.23 Million |
+0.43% |
| 2016-03-31 | RM413.34 Million ≈ $103.78 Million |
+3.08% |
| 2015-03-31 | RM401.00 Million ≈ $100.68 Million |
+2.04% |
| 2014-12-31 | RM393.00 Million ≈ $98.67 Million |
+3.69% |
| 2014-03-31 | RM379.00 Million ≈ $95.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ivory Properties Group 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 205.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM226.44 Million | 578.60% |
| Total Equity | RM39.14 Million | 100.00% |
Ivory Properties Group Bhd Competitors by Market Cap
The table below lists competitors of Ivory Properties Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DETALION GAMES SA ZY -10
F:9XJ
|
$616.22K |
|
Manz AG
F:M5Z
|
$617.12K |
|
DBT SA
PA:ALDBT
|
$618.72K |
|
Kuchai Develop Bhd
KLSE:2186
|
$618.74K |
|
Ariana Resources plc
LSE:AAU
|
$614.03K |
|
ENGAGE XR HLDGS EO-001
F:6VR
|
$613.58K |
|
Naked Wines plc
LSE:WINE
|
$613.44K |
|
Splash Beverage Group Inc
NYSE MKT:SBEV
|
$612.73K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ivory Properties Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,894,000 to 39,136,000, a change of 1,242,000 (3.3%).
- Net income of 7,572,000 contributed positively to equity growth.
- Other factors decreased equity by 6,330,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.57 Million | +19.35% |
| Other Changes | RM-6.33 Million | -16.17% |
| Total Change | RM- | 3.28% |
Book Value vs Market Value Analysis
This analysis compares Ivory Properties Group 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: 0.06x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.85 | RM0.01 | x |
| 2018-03-31 | RM0.87 | RM0.01 | x |
| 2019-03-31 | RM0.84 | RM0.01 | x |
| 2020-03-31 | RM0.80 | RM0.01 | x |
| 2021-03-31 | RM0.63 | RM0.01 | x |
| 2022-03-31 | RM0.47 | RM0.01 | x |
| 2023-03-31 | RM0.21 | RM0.01 | x |
| 2024-03-31 | RM0.08 | RM0.01 | x |
| 2025-03-31 | RM0.08 | RM0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ivory Properties Group 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): 19.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.70%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 6.04x
- Recent ROE (19.35%) is above the historical average (-30.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.97% | 9.48% | 0.23x | 2.27x | RM-20.28 Million |
| 2016 | 2.55% | 2.49% | 0.46x | 2.22x | RM-30.79 Million |
| 2017 | 2.21% | 2.46% | 0.47x | 1.93x | RM-32.35 Million |
| 2018 | 3.14% | 5.65% | 0.33x | 1.66x | RM-29.41 Million |
| 2019 | 0.11% | 0.29% | 0.23x | 1.67x | RM-40.86 Million |
| 2020 | -4.92% | -30.97% | 0.09x | 1.85x | RM-58.76 Million |
| 2021 | -27.22% | 0.00% | 0.00x | 2.31x | RM-115.17 Million |
| 2022 | -34.58% | -309.12% | 0.04x | 2.99x | RM-102.50 Million |
| 2023 | -120.49% | 0.00% | -0.04x | 4.55x | RM-136.09 Million |
| 2024 | -175.21% | -81.43% | 0.24x | 8.95x | RM-70.18 Million |
| 2025 | 19.35% | 31.70% | 0.10x | 6.04x | RM3.66 Million |
Industry Comparison
This section compares Ivory Properties Group Bhd's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $529,004,229
- Average return on equity (ROE) among peers: -5.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ivory Properties Group Bhd (5175) | RM38.79 Million | 4.97% | 5.31x | $615.21K |
| Tanco Holdings Bhd (2429) | $160.23 Million | -0.37% | 0.76x | $2.54 Billion |
| Amalgamated Industrial Steel Berhad (2682) | $131.01 Million | -3.05% | 0.25x | $11.83 Million |
| EcoFirst Consolidated Bhd (3557) | $518.99 Million | 2.47% | 1.01x | $102.22 Million |
| Asian Pac Holdings Bhd (4057) | $1.10 Billion | 2.27% | 1.00x | $48.59 Million |
| Glomac Bhd (5020) | $937.00 Million | 11.53% | 0.83x | $61.66 Million |
| Ibraco Bhd (5084) | $432.68 Million | 5.43% | 0.79x | $161.77 Million |
| Tambun Indah Land Bhd (5191) | $653.73 Million | 3.92% | 0.21x | $88.24 Million |
| Eco World International Bhd (5283) | $724.57 Million | -57.28% | 0.15x | $132.56 Million |
| Farlim Group (Malaysia) Bhd (6041) | $105.00 Million | -11.43% | 0.29x | $6.53 Million |
About Ivory Properties Group Bhd
Ivory Properties Group Berhad, an investment holding company, engages in the development of properties in Malaysia. It operates in three segments: Property Development and Management, Construction Contracts, and Investment Holding and Others. The company provides property management and tenancy management services; graphic design services; engineering and architectural consultancy services; proje… Read more