AFFIN Holdings Bhd
AFFIN Bank Berhad, a financial holding company, provides various banking services in Malaysia. It operates through Commercial Banking, Investment Banking, Insurance, and Others segments. The Commercial Banking segment offers savings and fixed deposits, remittance services, current accounts, vehicle loans/financing, hire purchase, housing loans/financing, overdrafts/cashlines and personal loans/fi… Read more
AFFIN Holdings Bhd (5185) - Net Assets
Latest net assets as of September 2025: RM12.15 Billion MYR
Based on the latest financial reports, AFFIN Holdings Bhd (5185) has net assets worth RM12.15 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM118.43 Billion) and total liabilities (RM106.28 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 | RM12.15 Billion |
| % of Total Assets | 10.26% |
| Annual Growth Rate | 5.58% |
| 5-Year Change | 20.38% |
| 10-Year Change | 39.32% |
| Growth Volatility | 6.55 |
AFFIN Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how AFFIN Holdings 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 AFFIN Holdings Bhd (2012–2024)
The table below shows the annual net assets of AFFIN Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM11.60 Billion | +4.43% |
| 2023-12-31 | RM11.11 Billion | +4.52% |
| 2022-12-31 | RM10.63 Billion | +7.00% |
| 2021-12-31 | RM9.93 Billion | +3.08% |
| 2020-12-31 | RM9.64 Billion | +2.56% |
| 2019-12-31 | RM9.40 Billion | +8.36% |
| 2018-12-31 | RM8.67 Billion | +4.85% |
| 2017-12-31 | RM8.27 Billion | -4.74% |
| 2016-12-31 | RM8.68 Billion | +4.27% |
| 2015-12-31 | RM8.33 Billion | +4.45% |
| 2014-12-31 | RM7.97 Billion | +25.01% |
| 2013-12-31 | RM6.38 Billion | +5.51% |
| 2012-12-31 | RM6.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AFFIN Holdings 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 33.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM5.47 Billion | 47.11% |
| Common Stock | RM5.49 Billion | 47.31% |
| Other Comprehensive Income | RM174.12 Million | 1.50% |
| Other Components | RM473.14 Million | 4.08% |
| Total Equity | RM11.60 Billion | 100.00% |
AFFIN Holdings Bhd Competitors by Market Cap
The table below lists competitors of AFFIN Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hitevision Co Ltd
SHE:002955
|
$646.09 Million |
|
Coretronic
TWO:5371
|
$646.52 Million |
|
Preformed Line Products Company
NASDAQ:PLPC
|
$646.53 Million |
|
Ballard Power Systems Inc
NASDAQ:BLDP
|
$646.59 Million |
|
Unilever Indonesia Tbk
JK:UNVR
|
$645.57 Million |
|
Luk Fook Holdings (International) Limited
PINK:LKFLF
|
$645.40 Million |
|
Wah Lee Industrial Corp
TW:3010
|
$645.33 Million |
|
Siri Prime Office Property Fd
BK:SIRI
|
$645.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AFFIN Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,108,815,000 to 11,601,292,000, a change of 492,477,000 (4.4%).
- Net income of 509,703,000 contributed positively to equity growth.
- Dividend payments of 17,657,000 reduced retained earnings.
- Other comprehensive income increased equity by 430,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM509.70 Million | +4.39% |
| Dividends Paid | RM17.66 Million | -0.15% |
| Other Comprehensive Income | RM431.00K | +0.0% |
| Other Changes | RM1.00 | +0.0% |
| Total Change | RM- | 4.43% |
Book Value vs Market Value Analysis
This analysis compares AFFIN Holdings 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: 0.54x
- 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 |
|---|---|---|---|
| 2016-12-31 | RM4.47 | RM2.61 | x |
| 2017-12-31 | RM4.26 | RM2.61 | x |
| 2018-12-31 | RM4.46 | RM2.61 | x |
| 2019-12-31 | RM4.57 | RM2.61 | x |
| 2020-12-31 | RM4.58 | RM2.61 | x |
| 2021-12-31 | RM4.69 | RM2.61 | x |
| 2022-12-31 | RM4.91 | RM2.61 | x |
| 2023-12-31 | RM4.78 | RM2.61 | x |
| 2024-12-31 | RM4.83 | RM2.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AFFIN Holdings 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): 4.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.48%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 9.64x
- Recent ROE (4.39%) is below the historical average (5.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.46% | 22.53% | 0.02x | 8.14x | RM-459.24 Million |
| 2016 | 6.50% | 29.14% | 0.03x | 7.93x | RM-304.24 Million |
| 2017 | 5.05% | 26.94% | 0.02x | 8.46x | RM-409.22 Million |
| 2018 | 5.80% | 26.66% | 0.02x | 8.76x | RM-364.08 Million |
| 2019 | 5.22% | 14.32% | 0.05x | 7.32x | RM-445.95 Million |
| 2020 | 2.41% | 6.92% | 0.05x | 7.27x | RM-726.33 Million |
| 2021 | 5.33% | 20.43% | 0.03x | 7.93x | RM-461.96 Million |
| 2022 | 11.09% | 37.93% | 0.03x | 8.48x | RM115.64 Million |
| 2023 | 3.62% | 10.58% | 0.04x | 9.47x | RM-708.69 Million |
| 2024 | 4.39% | 11.48% | 0.04x | 9.64x | RM-650.43 Million |
Industry Comparison
This section compares AFFIN Holdings Bhd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $19,975,856,857
- Average return on equity (ROE) among peers: 10.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AFFIN Holdings Bhd (5185) | RM12.15 Billion | 4.46% | 8.74x | $645.90 Million |
| CIMB Group Holdings Bhd (1023) | $63.78 Billion | 8.53% | 9.45x | $13.96 Billion |
| RHB Bank Bhd (1066) | $32.53 Billion | 9.59% | 9.76x | $4.94 Billion |
| Malaysia Building Society Bhd (1171) | $7.12 Billion | 5.85% | 5.29x | $512.21 Million |
| Public Bank Bhd (1295) | $21.20 Billion | 19.18% | 13.42x | $15.62 Billion |
| Alliance Financial Group Bhd (2488) | $6.26 Billion | 5.73% | 8.70x | $1.01 Billion |
| Bank Islam Malaysia Bhd (5258) | $4.53 Billion | 13.67% | 13.51x | $594.30 Million |
| Hong Leong Bank Bhd (5819) | $4.40 Billion | 11.66% | 12.11x | $3.28 Billion |