AFFIN Holdings Bhd (5185) - Net Assets

Latest as of December 2025: RM12.20 Billion MYR ≈ $3.06 Billion USD

Based on the latest financial reports, AFFIN Holdings Bhd (5185) has net assets worth RM12.20 Billion MYR (≈ $3.06 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM124.07 Billion ≈ $31.15 Billion USD) and total liabilities (RM111.87 Billion ≈ $28.09 Billion 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 AFFIN Holdings Bhd (5185) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM12.20 Billion
% of Total Assets	9.83%
Annual Growth Rate	5.55%
5-Year Change	22.84%
10-Year Change	40.54%
Growth Volatility	6.29

AFFIN Holdings Bhd - Net Assets Trend (2012–2025)

This chart illustrates how AFFIN Holdings Bhd's net assets have evolved over time, based on quarterly financial data. See 5185 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for AFFIN Holdings Bhd (2012–2025)

The table below shows the annual net assets of AFFIN Holdings Bhd from 2012 to 2025. For live valuation and market cap data, see market value of AFFIN Holdings Bhd.

Year	Net Assets	Change
2025-12-31	RM12.20 Billion ≈ $3.06 Billion	+5.18%
2024-12-31	RM11.60 Billion ≈ $2.91 Billion	+4.43%
2023-12-31	RM11.11 Billion ≈ $2.79 Billion	+4.52%
2022-12-31	RM10.63 Billion ≈ $2.67 Billion	+7.00%
2021-12-31	RM9.93 Billion ≈ $2.49 Billion	+3.08%
2020-12-31	RM9.64 Billion ≈ $2.42 Billion	+2.56%
2019-12-31	RM9.40 Billion ≈ $2.36 Billion	+8.36%
2018-12-31	RM8.67 Billion ≈ $2.18 Billion	+4.85%
2017-12-31	RM8.27 Billion ≈ $2.08 Billion	-4.74%
2016-12-31	RM8.68 Billion ≈ $2.18 Billion	+4.27%
2015-12-31	RM8.33 Billion ≈ $2.09 Billion	+4.45%
2014-12-31	RM7.97 Billion ≈ $2.00 Billion	+25.01%
2013-12-31	RM6.38 Billion ≈ $1.60 Billion	+5.51%
2012-12-31	RM6.04 Billion ≈ $1.52 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 43.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM5.88 Billion	48.16%
Common Stock	RM5.49 Billion	44.92%
Other Comprehensive Income	RM823.36 Million	6.74%
Other Components	RM22.60 Million	0.18%
Total Equity	RM12.22 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
Leggett & Platt Incorporated NYSE:LEG	$1.46 Billion
CPT Technology Group Co Ltd SHE:000536	$1.46 Billion
Wuhan Tianyuan Environmental Protection Co.LTD SHE:301127	$1.46 Billion
Piper Sandler Companies NYSE:PIPR	$1.46 Billion
WEBTOON Entertainment Inc. Common stock NASDAQ:WBTN	$1.46 Billion
Hengdian Entertainment Co Ltd Class A SHG:603103	$1.46 Billion
PROG Holdings Inc NYSE:PRG	$1.46 Billion
Shanghai Zijiang Enterprise Group Co Ltd SHG:600210	$1.46 Billion

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 2024 to 2025, total equity changed from 11,601,292,000 to 12,218,911,000, a change of 617,619,000 (5.3%).
Net income of 540,193,000 contributed positively to equity growth.
Other comprehensive income increased equity by 649,243,001.
Other factors decreased equity by 571,817,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM540.19 Million	+4.42%
Other Comprehensive Income	RM649.24 Million	+5.31%
Other Changes	RM-571.82 Million	-4.68%
Total Change	RM-	5.32%

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: 0.48x
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	RM2.29	x
2017-12-31	RM4.26	RM2.29	x
2018-12-31	RM4.46	RM2.29	x
2019-12-31	RM4.57	RM2.29	x
2020-12-31	RM4.58	RM2.29	x
2021-12-31	RM4.69	RM2.29	x
2022-12-31	RM4.91	RM2.29	x
2023-12-31	RM4.78	RM2.29	x
2024-12-31	RM4.83	RM2.29	x
2025-12-31	RM4.76	RM2.29	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): 4.42%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.91%
• Asset Turnover: 0.04x
• Equity Multiplier: 10.15x
Recent ROE (4.42%) is below the historical average (5.30%), 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
2025	4.42%	11.91%	0.04x	10.15x	RM-681.70 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: $23,229,482,111
Average return on equity (ROE) among peers: 13.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
AFFIN Holdings Bhd (5185)	RM12.20 Billion	4.46%	9.17x	$1.46 Billion
AMMB Holdings Bhd (1015)	$17.96 Billion	8.37%	8.74x	$5.41 Billion
CIMB Group Holdings Bhd (1023)	$69.64 Billion	10.02%	9.53x	$21.10 Billion
RHB Bank Bhd (1066)	$9.96 Billion	14.34%	11.96x	$9.25 Billion
Hong Leong Financial Group Bhd (1082)	$23.18 Billion	5.86%	8.08x	$5.30 Billion
Malayan Banking Bhd (1155)	$43.95 Billion	13.07%	10.26x	$33.85 Billion
Malaysia Building Society Bhd (1171)	$1.50 Billion	29.84%	16.62x	$1.34 Billion
Public Bank Bhd (1295)	$32.31 Billion	15.67%	10.26x	$24.37 Billion
Alliance Financial Group Bhd (2488)	$3.77 Billion	13.34%	9.53x	$2.09 Billion
Bank Islam Malaysia Bhd (5258)	$6.80 Billion	7.23%	12.22x	$1.25 Billion

About AFFIN Holdings Bhd

KLSE:5185 Malaysia Banks - Regional

Market Cap

$1.46 Billion

RM5.80 Billion MYR

Market Cap Rank

#7492 Global

#70 in Malaysia

Share Price

RM2.29

Change (1 day)

+0.00%

52-Week Range

RM2.22 - RM2.78

All Time High

RM3.43