Malaysia Marine and Heavy Engineering Holdings Bhd (5186) - Net Assets
Based on the latest financial reports, Malaysia Marine and Heavy Engineering Holdings Bhd (5186) has net assets worth RM1.49 Billion MYR (≈ $373.99 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.13 Billion ≈ $786.58 Million USD) and total liabilities (RM1.64 Billion ≈ $412.59 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 5186 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM1.49 Billion |
| % of Total Assets | 47.55% |
| Annual Growth Rate | 4.74% |
| 5-Year Change | -12.76% |
| 10-Year Change | -41.32% |
| Growth Volatility | 27.96 |
Malaysia Marine and Heavy Engineering Holdings Bhd - Net Assets Trend (2007–2025)
This chart illustrates how Malaysia Marine and Heavy Engineering Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 5186 asset base for the complete picture of this company's asset base.
Annual Net Assets for Malaysia Marine and Heavy Engineering Holdings Bhd (2007–2025)
The table below shows the annual net assets of Malaysia Marine and Heavy Engineering Holdings Bhd from 2007 to 2025. For live valuation and market cap data, see Malaysia Marine and Heavy Engineering Ho (5186) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.49 Billion ≈ $373.99 Million |
+7.91% |
| 2024-12-31 | RM1.38 Billion ≈ $346.56 Million |
+8.92% |
| 2023-12-31 | RM1.27 Billion ≈ $318.19 Million |
-28.38% |
| 2022-12-31 | RM1.77 Billion ≈ $444.27 Million |
+3.64% |
| 2021-12-31 | RM1.71 Billion ≈ $428.67 Million |
-13.14% |
| 2020-12-31 | RM1.97 Billion ≈ $493.52 Million |
-17.46% |
| 2019-12-31 | RM2.38 Billion ≈ $597.90 Million |
-1.05% |
| 2018-12-31 | RM2.41 Billion ≈ $604.27 Million |
-6.63% |
| 2017-12-31 | RM2.58 Billion ≈ $647.16 Million |
+1.54% |
| 2016-12-31 | RM2.54 Billion ≈ $637.36 Million |
-5.29% |
| 2015-12-31 | RM2.68 Billion ≈ $672.97 Million |
+1.68% |
| 2014-12-31 | RM2.64 Billion ≈ $661.84 Million |
+1.92% |
| 2013-12-31 | RM2.59 Billion ≈ $649.35 Million |
+3.01% |
| 2012-12-31 | RM2.51 Billion ≈ $630.40 Million |
+3.58% |
| 2011-12-31 | RM2.42 Billion ≈ $608.64 Million |
+99.83% |
| 2009-12-31 | RM1.21 Billion ≈ $304.59 Million |
+30.58% |
| 2008-12-31 | RM929.05 Million ≈ $233.25 Million |
+43.63% |
| 2007-12-31 | RM646.83 Million ≈ $162.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Malaysia Marine and Heavy Engineering 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 decreased by 120.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM1.62 Billion | 108.69% |
| Total Equity | RM1.49 Billion | 100.00% |
Malaysia Marine and Heavy Engineering Holdings Bhd Competitors by Market Cap
The table below lists competitors of Malaysia Marine and Heavy Engineering Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GPT Infraprojects Limited
NSE:GPTINFRA
|
$160.74 Million |
|
A Plus Asset Advisor Co Ltd
KO:244920
|
$160.87 Million |
|
Meghmani Organics Limited
NSE:MOL
|
$160.89 Million |
|
Pine Cliff Energy Ltd
TO:PNE
|
$160.92 Million |
|
China Wire & Cable Co Ltd
TW:1603
|
$160.65 Million |
|
Media Capital
LS:MCP
|
$160.58 Million |
|
KABE Group AB (publ.)
ST:KABE-B
|
$160.46 Million |
|
SK D&D Co Ltd
KO:210980
|
$160.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malaysia Marine and Heavy Engineering Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,379,517,000 to 1,488,824,000, a change of 109,307,000 (7.9%).
- Net income of 102,856,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM102.86 Million | +6.91% |
| Other Changes | RM6.45 Million | +0.43% |
| Total Change | RM- | 7.92% |
Book Value vs Market Value Analysis
This analysis compares Malaysia Marine and Heavy Engineering 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: 0.43x
- 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 1.00x to 0.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | RM0.40 | RM0.40 | x |
| 2008-12-31 | RM0.57 | RM0.40 | x |
| 2009-12-31 | RM0.75 | RM0.40 | x |
| 2012-12-31 | RM1.57 | RM0.40 | x |
| 2013-12-31 | RM1.61 | RM0.40 | x |
| 2014-12-31 | RM1.65 | RM0.40 | x |
| 2015-12-31 | RM1.67 | RM0.40 | x |
| 2016-12-31 | RM1.58 | RM0.40 | x |
| 2017-12-31 | RM1.61 | RM0.40 | x |
| 2018-12-31 | RM1.50 | RM0.40 | x |
| 2019-12-31 | RM1.48 | RM0.40 | x |
| 2020-12-31 | RM1.23 | RM0.40 | x |
| 2021-12-31 | RM1.07 | RM0.40 | x |
| 2022-12-31 | RM1.11 | RM0.40 | x |
| 2023-12-31 | RM0.79 | RM0.40 | x |
| 2024-12-31 | RM0.86 | RM0.40 | x |
| 2025-12-31 | RM0.93 | RM0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malaysia Marine and Heavy Engineering 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): 6.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.20%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.10x
- Recent ROE (6.91%) is above the historical average (2.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 30.02% | 11.05% | 1.06x | 2.57x | RM128.31 Million |
| 2008 | 30.28% | 6.92% | 1.51x | 2.90x | RM186.38 Million |
| 2009 | 23.30% | 4.54% | 1.28x | 3.99x | RM159.37 Million |
| 2012 | 9.66% | 7.27% | 0.69x | 1.92x | RM-8.60 Million |
| 2013 | 9.15% | 8.20% | 0.57x | 1.94x | RM-21.91 Million |
| 2014 | 4.93% | 4.81% | 0.60x | 1.70x | RM-133.36 Million |
| 2015 | 1.64% | 1.78% | 0.57x | 1.61x | RM-223.78 Million |
| 2016 | -5.30% | -11.27% | 0.33x | 1.42x | RM-387.86 Million |
| 2017 | 1.33% | 3.58% | 0.28x | 1.31x | RM-223.41 Million |
| 2018 | -5.10% | -12.59% | 0.31x | 1.32x | RM-363.40 Million |
| 2019 | -1.44% | -3.39% | 0.31x | 1.36x | RM-271.45 Million |
| 2020 | -20.23% | -25.33% | 0.50x | 1.60x | RM-592.91 Million |
| 2021 | -15.85% | -18.43% | 0.43x | 1.99x | RM-441.05 Million |
| 2022 | 3.83% | 4.10% | 0.49x | 1.90x | RM-109.10 Million |
| 2023 | -38.23% | -14.63% | 0.91x | 2.88x | RM-610.84 Million |
| 2024 | 8.77% | 3.35% | 1.02x | 2.56x | RM-16.96 Million |
| 2025 | 6.91% | 5.20% | 0.63x | 2.10x | RM-46.03 Million |
Industry Comparison
This section compares Malaysia Marine and Heavy Engineering Holdings Bhd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $340,870,930
- Average return on equity (ROE) among peers: -2.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malaysia Marine and Heavy Engineering Holdings Bhd (5186) | RM1.49 Billion | 30.02% | 1.10x | $160.68 Million |
| Reservoir Link Energy Bhd (0219) | $93.68 Million | -0.90% | 1.47x | $24.27 Million |
| Ocean Vantage Holdings Bhd (0220) | $49.81 Million | 14.69% | 0.16x | $23.21 Million |
| Coastal Contracts Bhd (5071) | $1.01 Billion | 14.99% | 0.54x | $180.82 Million |
| Marine & General Bhd (5078) | $112.73 Million | -65.66% | 20.84x | $59.32 Million |
| Alam Maritim Resources Bhd (5115) | $-55.85 Million | 0.00% | 0.00x | $30.76 Million |
| Deleum Bhd (5132) | $350.04 Million | 9.47% | 1.14x | $133.08 Million |
| Petra Energy Bhd (5133) | $348.00 Million | 2.01% | 1.33x | $55.20 Million |
| Dayang Enterprise Holdings Bhd (5141) | $522.91 Million | 15.90% | 0.32x | $558.10 Million |
| Wah Seong Corporation Bhd (5142) | $638.16 Million | -16.84% | 2.50x | $202.18 Million |
About Malaysia Marine and Heavy Engineering Holdings Bhd
Malaysia Marine and Heavy Engineering Holdings Berhad, an investment holding company, provides marine and heavy engineering solutions for offshore and onshore facilities, and vessels in Malaysia. It operates through Heavy Engineering and Marine segments. The company offers fabrication, engineering, procurement, construction, installation, and commissioning services for offshore and onshore facili… Read more