Gas Malaysia Bhd
Gas Malaysia Berhad sells, markets, and distributes natural gas to the industrial, commercial, and residential sectors in Malaysia. The company operates in two segments: Natural Gas & LPG, and Others. It also develops, operates, and maintains natural gas distribution system in Peninsular Malaysia; and provides management services. In addition, the company sells liquefied petroleum gas through a r… Read more
Gas Malaysia Bhd (5209) - Net Assets
Latest net assets as of September 2025: RM1.47 Billion MYR
Based on the latest financial reports, Gas Malaysia Bhd (5209) has net assets worth RM1.47 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 (RM3.61 Billion) and total liabilities (RM2.13 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 | RM1.47 Billion |
| % of Total Assets | 40.83% |
| Annual Growth Rate | 3.4% |
| 5-Year Change | 39.45% |
| 10-Year Change | 54.96% |
| Growth Volatility | 4.62 |
Gas Malaysia Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Gas Malaysia 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 Gas Malaysia Bhd (2012–2024)
The table below shows the annual net assets of Gas Malaysia Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM1.51 Billion | +10.11% |
| 2023-12-31 | RM1.37 Billion | +7.00% |
| 2022-12-31 | RM1.28 Billion | +13.12% |
| 2021-12-31 | RM1.13 Billion | +4.62% |
| 2020-12-31 | RM1.08 Billion | +3.55% |
| 2019-12-31 | RM1.04 Billion | +1.85% |
| 2018-12-31 | RM1.02 Billion | +0.72% |
| 2017-12-31 | RM1.02 Billion | -0.33% |
| 2016-12-31 | RM1.02 Billion | +4.96% |
| 2015-12-31 | RM972.00 Million | -4.05% |
| 2014-12-31 | RM1.01 Billion | +0.90% |
| 2013-12-31 | RM1.00 Billion | -0.40% |
| 2012-12-31 | RM1.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gas Malaysia 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 163.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM868.18 Million | 57.64% |
| Common Stock | RM642.00 Million | 42.62% |
| Other Comprehensive Income | RM-4.01 Million | -0.27% |
| Total Equity | RM1.51 Billion | 100.00% |
Gas Malaysia Bhd Competitors by Market Cap
The table below lists competitors of Gas Malaysia Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Menovo Pharm Co Ltd
SHG:603538
|
$551.56 Million |
|
Chengdu Hongqi Chain Co Ltd
SHE:002697
|
$551.65 Million |
|
Media and Games Invest PLC
F:M8G
|
$551.66 Million |
|
Suzhou Kingswood Printing Ink Co Ltd
SHE:300192
|
$552.06 Million |
|
Cosonic Intelligent Tech Co Ltd
SHE:300793
|
$551.24 Million |
|
Ovzon AB
ST:OVZON
|
$551.14 Million |
|
Maoyan Entertainment
PINK:MAOFF
|
$551.13 Million |
|
SIA ENGINEERING CO.
F:O3H
|
$551.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gas Malaysia Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,367,875,000 to 1,506,169,000, a change of 138,294,000 (10.1%).
- Net income of 441,385,000 contributed positively to equity growth.
- Dividend payments of 299,814,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,277,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM441.38 Million | +29.31% |
| Dividends Paid | RM299.81 Million | -19.91% |
| Other Comprehensive Income | RM-3.28 Million | -0.22% |
| Total Change | RM- | 10.11% |
Book Value vs Market Value Analysis
This analysis compares Gas Malaysia 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: 4.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.85x to 4.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.79 | RM5.44 | x |
| 2017-12-31 | RM0.79 | RM5.44 | x |
| 2018-12-31 | RM0.80 | RM5.44 | x |
| 2019-12-31 | RM0.81 | RM5.44 | x |
| 2020-12-31 | RM0.84 | RM5.44 | x |
| 2021-12-31 | RM0.88 | RM5.44 | x |
| 2022-12-31 | RM1.00 | RM5.44 | x |
| 2023-12-31 | RM1.07 | RM5.44 | x |
| 2024-12-31 | RM1.17 | RM5.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gas Malaysia 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): 29.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.49%
- • Asset Turnover: 2.19x
- • Equity Multiplier: 2.44x
- Recent ROE (29.31%) is above the historical average (20.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 10.92% | 2.93% | 1.73x | 2.16x | RM8.93 Million |
| 2016 | 16.19% | 4.07% | 1.82x | 2.18x | RM63.12 Million |
| 2017 | 15.85% | 3.03% | 2.32x | 2.25x | RM59.46 Million |
| 2018 | 17.61% | 2.89% | 2.47x | 2.46x | RM77.98 Million |
| 2019 | 18.23% | 2.76% | 2.63x | 2.51x | RM85.80 Million |
| 2020 | 19.69% | 3.18% | 2.52x | 2.46x | RM104.61 Million |
| 2021 | 22.09% | 4.27% | 2.04x | 2.54x | RM136.62 Million |
| 2022 | 30.47% | 5.09% | 2.43x | 2.46x | RM261.71 Million |
| 2023 | 28.03% | 4.75% | 2.52x | 2.34x | RM246.61 Million |
| 2024 | 29.31% | 5.49% | 2.19x | 2.44x | RM290.77 Million |
Industry Comparison
This section compares Gas Malaysia Bhd's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $315,480,000
- Average return on equity (ROE) among peers: 0.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gas Malaysia Bhd (5209) | RM1.47 Billion | 10.92% | 1.45x | $551.53 Million |
| KUB Malaysia Bhd (6874) | $315.48 Million | 0.37% | 0.89x | $27.26 Million |