Pelikan International Corp
PBS Berhad, together with its subsidiaries, manufactures and distributes fine writing and stationeries in Malaysia, Singapore, China/Taiwan, Thailand, Greece, and internationally. The company was formerly known as Pelikan International Corporation Berhad and changed its name to PBS Berhad in June 2024. The company was incorporated in 1980 and is based in Shah Alam, Malaysia.
Pelikan International Corp (5231) - Net Assets
Latest net assets as of September 2025: RM62.92 Million MYR
Based on the latest financial reports, Pelikan International Corp (5231) has net assets worth RM62.92 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM143.66 Million) and total liabilities (RM80.74 Million). 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 | RM62.92 Million |
| % of Total Assets | 43.8% |
| Annual Growth Rate | -10.3% |
| 5-Year Change | -86.75% |
| 10-Year Change | -86.78% |
| Growth Volatility | 25.04 |
Pelikan International Corp - Net Assets Trend (2006–2024)
This chart illustrates how Pelikan International Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pelikan International Corp (2006–2024)
The table below shows the annual net assets of Pelikan International Corp from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM61.26 Million | -88.66% |
| 2023-12-31 | RM540.18 Million | +4.01% |
| 2022-12-31 | RM519.38 Million | +21.34% |
| 2021-12-31 | RM428.02 Million | -7.46% |
| 2020-12-31 | RM462.52 Million | +4.34% |
| 2019-12-31 | RM443.28 Million | +1.07% |
| 2018-12-31 | RM438.57 Million | -1.85% |
| 2017-12-31 | RM446.84 Million | +6.21% |
| 2016-12-31 | RM420.71 Million | -9.22% |
| 2015-12-31 | RM463.46 Million | -5.58% |
| 2014-12-31 | RM490.85 Million | -11.10% |
| 2013-12-31 | RM552.16 Million | +0.14% |
| 2012-12-31 | RM551.38 Million | -18.90% |
| 2011-12-31 | RM679.84 Million | -19.10% |
| 2010-12-31 | RM840.31 Million | +39.32% |
| 2009-12-31 | RM603.14 Million | +7.17% |
| 2008-12-31 | RM562.80 Million | +10.46% |
| 2007-12-31 | RM509.51 Million | +17.61% |
| 2006-12-31 | RM433.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pelikan International Corp'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 202.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM187.87 Million | 300.34% |
| Total Equity | RM62.55 Million | 100.00% |
Pelikan International Corp Competitors by Market Cap
The table below lists competitors of Pelikan International Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chai Watana Tannery Group Public Company Limited
BK:CWT
|
$8.58 Million |
|
CORESTATE Capital Holding S.A
XETRA:CCAP
|
$8.59 Million |
|
Kvutzat Acro Ltd.
TA:ACRO
|
$8.59 Million |
|
President Automobile Industries Public Company Limited
BK:PACO
|
$8.59 Million |
|
ENERSIDE ENERGY EO -01
F:9O8
|
$8.58 Million |
|
Livium Ltd
AU:LIT
|
$8.58 Million |
|
Quantum BioPharma Ltd.
NASDAQ:QNTM
|
$8.58 Million |
|
Urano Energy Corp.
OTCQB:UECXF
|
$8.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pelikan International Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 533,353,000 to 62,553,000, a change of -470,800,000 (-88.3%).
- Net loss of 189,000 reduced equity.
- Dividend payments of 12,064,000 reduced retained earnings.
- Share repurchases of 452,404,000 reduced equity.
- Other factors decreased equity by 6,143,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-189.00K | -0.3% |
| Dividends Paid | RM12.06 Million | -19.29% |
| Share Repurchases | RM452.40 Million | -723.23% |
| Other Changes | RM-6.14 Million | -9.82% |
| Total Change | RM- | -88.27% |
Book Value vs Market Value Analysis
This analysis compares Pelikan International Corp'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: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.09x to 1.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM1.22 | RM0.12 | x |
| 2007-12-31 | RM1.45 | RM0.12 | x |
| 2008-12-31 | RM1.79 | RM0.12 | x |
| 2009-12-31 | RM1.54 | RM0.12 | x |
| 2010-12-31 | RM1.54 | RM0.12 | x |
| 2011-12-31 | RM1.30 | RM0.12 | x |
| 2012-12-31 | RM1.06 | RM0.12 | x |
| 2013-12-31 | RM1.07 | RM0.12 | x |
| 2014-12-31 | RM0.92 | RM0.12 | x |
| 2015-12-31 | RM0.84 | RM0.12 | x |
| 2016-12-31 | RM0.77 | RM0.12 | x |
| 2017-12-31 | RM0.81 | RM0.12 | x |
| 2018-12-31 | RM0.80 | RM0.12 | x |
| 2019-12-31 | RM0.73 | RM0.12 | x |
| 2020-12-31 | RM0.77 | RM0.12 | x |
| 2021-12-31 | RM0.70 | RM0.12 | x |
| 2022-12-31 | RM0.85 | RM0.12 | x |
| 2023-12-31 | RM0.88 | RM0.12 | x |
| 2024-12-31 | RM0.10 | RM0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pelikan International Corp 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): -0.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.32%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.30x
- Recent ROE (-0.30%) is below the historical average (3.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 18.46% | 11.42% | 0.61x | 2.66x | RM34.52 Million |
| 2007 | 19.05% | 7.79% | 0.77x | 3.19x | RM44.21 Million |
| 2008 | 6.74% | 2.85% | 0.86x | 2.76x | RM-17.70 Million |
| 2009 | 6.27% | 3.03% | 0.79x | 2.61x | RM-21.61 Million |
| 2010 | 17.27% | 7.77% | 0.94x | 2.37x | RM58.42 Million |
| 2011 | -13.46% | -4.60% | 1.08x | 2.72x | RM-154.11 Million |
| 2012 | -10.80% | -3.63% | 1.01x | 2.96x | RM-111.80 Million |
| 2013 | -1.03% | -0.39% | 0.95x | 2.77x | RM-60.13 Million |
| 2014 | -7.49% | -2.64% | 0.96x | 2.96x | RM-85.15 Million |
| 2015 | -10.64% | -3.68% | 0.87x | 3.34x | RM-94.97 Million |
| 2016 | 1.27% | 0.45% | 0.78x | 3.60x | RM-36.75 Million |
| 2017 | 5.67% | 2.05% | 0.84x | 3.28x | RM-19.33 Million |
| 2018 | 1.55% | 0.61% | 0.83x | 3.09x | RM-37.04 Million |
| 2019 | 1.72% | 0.72% | 0.79x | 3.02x | RM-36.72 Million |
| 2020 | 2.33% | 1.11% | 0.72x | 2.91x | RM-35.47 Million |
| 2021 | 20.02% | 8.50% | 0.79x | 2.96x | RM42.58 Million |
| 2022 | 11.12% | 279.09% | 0.02x | 2.31x | RM5.75 Million |
| 2023 | -9.80% | -240.40% | 0.03x | 1.21x | RM-105.58 Million |
| 2024 | -0.30% | -0.32% | 0.41x | 2.30x | RM-6.44 Million |
Industry Comparison
This section compares Pelikan International Corp's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $160,648,375
- Average return on equity (ROE) among peers: -2.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pelikan International Corp (5231) | RM62.92 Million | 18.46% | 1.28x | $8.58 Million |
| GFM Services Bhd (0039) | $124.98 Million | 8.01% | 3.10x | $11.19 Million |
| Efficient E Solutions Bhd (0064) | $137.94 Million | -5.50% | 0.01x | $2.71 Million |
| Scicom MSC Bhd (0099) | $52.06 Million | 16.01% | 0.18x | $41.53 Million |
| Advance Information Marketing Bhd (0122) | $12.53 Million | -41.20% | 0.26x | $1.32 Million |
| Frontken Corporation Bhd (0128) | $467.03 Million | 17.55% | 0.32x | $1.22 Billion |
| Xox Networks Bhd (0140) | $35.23 Million | -21.45% | 0.14x | $2.19 Million |
| MClean Technologies Bhd (0167) | $21.04 Million | -39.09% | 1.63x | $11.63 Million |
| Mtag Group Berhad (0213) | $179.74 Million | 16.80% | 0.12x | $9.73 Million |
| KJTS (0293) | $28.69 Million | 20.60% | 1.15x | $48.60 Million |
| Fima Corporation Bhd (3107) | $547.24 Million | 2.14% | 0.15x | $22.52 Million |