Bumi Armada Bhd (5210) - Net Assets
Based on the latest financial reports, Bumi Armada Bhd (5210) has net assets worth RM5.84 Billion MYR (≈ $1.47 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM8.42 Billion ≈ $2.11 Billion USD) and total liabilities (RM2.58 Billion ≈ $646.66 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 Bumi Armada Bhd (5210) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM5.84 Billion |
| % of Total Assets | 69.4% |
| Annual Growth Rate | 16.6% |
| 5-Year Change | 49.73% |
| 10-Year Change | 5.05% |
| Growth Volatility | 73.05 |
Bumi Armada Bhd - Net Assets Trend (2008–2025)
This chart illustrates how Bumi Armada Bhd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Bumi Armada Bhd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bumi Armada Bhd (2008–2025)
The table below shows the annual net assets of Bumi Armada Bhd from 2008 to 2025. For live valuation and market cap data, see Bumi Armada Bhd (5210) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM5.87 Billion ≈ $1.47 Billion |
-2.89% |
| 2024-12-31 | RM6.05 Billion ≈ $1.52 Billion |
+8.38% |
| 2023-12-31 | RM5.58 Billion ≈ $1.40 Billion |
+9.50% |
| 2022-12-31 | RM5.10 Billion ≈ $1.28 Billion |
+29.93% |
| 2021-12-31 | RM3.92 Billion ≈ $984.64 Million |
+25.48% |
| 2020-12-31 | RM3.13 Billion ≈ $784.71 Million |
-2.73% |
| 2019-12-31 | RM3.21 Billion ≈ $806.71 Million |
-4.66% |
| 2018-12-31 | RM3.37 Billion ≈ $846.13 Million |
-38.96% |
| 2017-12-31 | RM5.52 Billion ≈ $1.39 Billion |
-1.24% |
| 2016-12-31 | RM5.59 Billion ≈ $1.40 Billion |
-23.38% |
| 2015-12-31 | RM7.30 Billion ≈ $1.83 Billion |
+8.61% |
| 2014-12-31 | RM6.72 Billion ≈ $1.69 Billion |
+53.36% |
| 2013-12-31 | RM4.38 Billion ≈ $1.10 Billion |
+16.28% |
| 2012-12-31 | RM3.77 Billion ≈ $945.77 Million |
+6.33% |
| 2011-12-31 | RM3.54 Billion ≈ $889.46 Million |
+304.83% |
| 2010-12-31 | RM875.10 Million ≈ $219.71 Million |
+30.35% |
| 2009-12-31 | RM671.35 Million ≈ $168.55 Million |
+55.65% |
| 2008-12-31 | RM431.32 Million ≈ $108.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bumi Armada 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 64274800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM642.75 Million | 10.85% |
| Common Stock | RM4.34 Billion | 73.23% |
| Other Comprehensive Income | RM943.09 Million | 15.92% |
| Total Equity | RM5.92 Billion | 100.00% |
Bumi Armada Bhd Competitors by Market Cap
The table below lists competitors of Bumi Armada Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinhua Winshare Publishing and Media Co. Ltd
F:SXV
|
$498.59 Million |
|
JinJian Cereals Industry Co Ltd
SHG:600127
|
$498.68 Million |
|
Vadilal Industries Limited
NSE:VADILALIND
|
$498.83 Million |
|
Shelf Drilling Ltd
OL:SHLF
|
$498.91 Million |
|
Bank Maspion Indonesia PT
JK:BMAS
|
$498.55 Million |
|
Guangdong Shirongzhaoye Co Ltd
SHE:002016
|
$498.45 Million |
|
SunOpta Inc.
NASDAQ:STKL
|
$498.43 Million |
|
Guangzhou Boji Medical and Biotechnological Co Ltd
SHE:300404
|
$498.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bumi Armada Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,114,589,000 to 5,924,445,000, a change of -190,144,000 (-3.1%).
- Net income of 439,048,000 contributed positively to equity growth.
- Dividend payments of 59,279,000 reduced retained earnings.
- Other comprehensive income increased equity by 943,086,000.
- Other factors decreased equity by 1,512,999,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM439.05 Million | +7.41% |
| Dividends Paid | RM59.28 Million | -1.0% |
| Other Comprehensive Income | RM943.09 Million | +15.92% |
| Other Changes | RM-1.51 Billion | -25.54% |
| Total Change | RM- | -3.11% |
Book Value vs Market Value Analysis
This analysis compares Bumi Armada 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: 0.34x
- 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 2.89x to 0.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | RM0.12 | RM0.34 | x |
| 2009-12-31 | RM0.16 | RM0.34 | x |
| 2010-12-31 | RM0.21 | RM0.34 | x |
| 2011-12-31 | RM0.78 | RM0.34 | x |
| 2012-12-31 | RM0.70 | RM0.34 | x |
| 2013-12-31 | RM0.92 | RM0.34 | x |
| 2014-12-31 | RM1.32 | RM0.34 | x |
| 2015-12-31 | RM1.24 | RM0.34 | x |
| 2016-12-31 | RM0.95 | RM0.34 | x |
| 2017-12-31 | RM0.94 | RM0.34 | x |
| 2018-12-31 | RM0.57 | RM0.34 | x |
| 2019-12-31 | RM0.55 | RM0.34 | x |
| 2020-12-31 | RM0.54 | RM0.34 | x |
| 2021-12-31 | RM0.67 | RM0.34 | x |
| 2022-12-31 | RM0.87 | RM0.34 | x |
| 2023-12-31 | RM0.96 | RM0.34 | x |
| 2024-12-31 | RM1.03 | RM0.34 | x |
| 2025-12-31 | RM1.00 | RM0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bumi Armada 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): 7.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.63%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.48x
- Recent ROE (7.41%) is above the historical average (5.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 34.83% | 28.86% | 0.21x | 5.65x | RM106.95 Million |
| 2009 | 41.36% | 37.90% | 0.19x | 5.76x | RM210.36 Million |
| 2010 | 40.11% | 28.26% | 0.26x | 5.48x | RM263.30 Million |
| 2011 | 10.19% | 23.30% | 0.22x | 1.97x | RM6.87 Million |
| 2012 | 10.29% | 23.25% | 0.24x | 1.85x | RM10.84 Million |
| 2013 | 9.90% | 20.80% | 0.24x | 2.02x | RM-4.47 Million |
| 2014 | 3.27% | 9.12% | 0.17x | 2.16x | RM-449.83 Million |
| 2015 | -3.23% | -10.76% | 0.12x | 2.49x | RM-960.31 Million |
| 2016 | -35.22% | -149.36% | 0.06x | 3.95x | RM-2.53 Billion |
| 2017 | 6.41% | 14.66% | 0.13x | 3.43x | RM-197.49 Million |
| 2018 | -68.47% | -95.21% | 0.16x | 4.62x | RM-2.64 Billion |
| 2019 | 1.18% | 1.84% | 0.15x | 4.33x | RM-284.54 Million |
| 2020 | 3.99% | 5.37% | 0.19x | 4.02x | RM-189.34 Million |
| 2021 | 14.49% | 26.55% | 0.18x | 3.05x | RM177.80 Million |
| 2022 | 14.23% | 30.45% | 0.21x | 2.28x | RM217.76 Million |
| 2023 | 5.85% | 15.57% | 0.19x | 1.96x | RM-235.12 Million |
| 2024 | 10.37% | 27.57% | 0.22x | 1.71x | RM22.54 Million |
| 2025 | 7.41% | 27.63% | 0.18x | 1.48x | RM-153.40 Million |
Industry Comparison
This section compares Bumi Armada 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: $674,913,720
- Average return on equity (ROE) among peers: 9.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bumi Armada Bhd (5210) | RM5.84 Billion | 34.83% | 0.44x | $498.58 Million |
| Reservoir Link Energy Bhd (0219) | $93.68 Million | -0.90% | 1.47x | $25.67 Million |
| Ocean Vantage Holdings Bhd (0220) | $16.43 Million | 31.48% | 0.30x | $20.51 Million |
| Coastal Contracts Bhd (5071) | $458.27 Million | 35.46% | 1.49x | $175.38 Million |
| Marine & General Bhd (5078) | $249.00 Million | -11.92% | 9.14x | $62.33 Million |
| Alam Maritim Resources Bhd (5115) | $528.00 Million | 10.98% | 1.46x | $31.32 Million |
| Deleum Bhd (5132) | $388.75 Million | 10.84% | 0.84x | $115.94 Million |
| Petra Energy Bhd (5133) | $547.00 Million | 8.59% | 1.02x | $54.79 Million |
| Dayang Enterprise Holdings Bhd (5141) | $1.28 Billion | 4.27% | 1.44x | $485.43 Million |
| Wah Seong Corporation Bhd (5142) | $678.91 Million | -0.93% | 3.00x | $137.05 Million |
| Malaysia Marine and Heavy Engineering Holdings Bhd (5186) | $2.51 Billion | 9.64% | 0.92x | $132.56 Million |
About Bumi Armada Bhd
Bumi Armada Berhad, an investment holding company, engages in providing floating production storage and offloading (FPSO) operations, and exploration, engineering, and maintenance services to offshore oil and gas companies. The Operations segment is involved in the provision of FPSO vessels, floating gas solutions unit, subsea construction assets, and marine related services. Its Others segment p… Read more