Icon Offshore Bhd
Lianson Fleet Group Berhad, an investment holding company, provides vessel chartering, ship management, and offshore marine services to the oil and gas related industries in Malaysia and Brunei. The company offers in-field support that offers ample deck space and deadweight capacity to transport essential materials, such as drilling mud, cement, base oil diesel, drill water, and other critical su… Read more
Icon Offshore Bhd (5255) - Net Assets
Latest net assets as of September 2025: RM769.14 Million MYR
Based on the latest financial reports, Icon Offshore Bhd (5255) has net assets worth RM769.14 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 (RM1.22 Billion) and total liabilities (RM446.75 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 | RM769.14 Million |
| % of Total Assets | 63.26% |
| Annual Growth Rate | 4.63% |
| 5-Year Change | 31.8% |
| 10-Year Change | -36.37% |
| Growth Volatility | 175.97 |
Icon Offshore Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Icon Offshore 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 Icon Offshore Bhd (2012–2024)
The table below shows the annual net assets of Icon Offshore Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM457.38 Million | +21.22% |
| 2023-12-31 | RM377.33 Million | -6.26% |
| 2022-12-31 | RM402.52 Million | -1.51% |
| 2021-12-31 | RM408.70 Million | +17.77% |
| 2020-12-31 | RM347.03 Million | +604.71% |
| 2019-12-31 | RM49.24 Million | -10.52% |
| 2018-12-31 | RM55.04 Million | -89.07% |
| 2017-12-31 | RM503.73 Million | -10.83% |
| 2016-12-31 | RM564.91 Million | -21.41% |
| 2015-12-31 | RM718.83 Million | -33.48% |
| 2014-12-31 | RM1.08 Billion | +184.85% |
| 2013-12-31 | RM379.36 Million | +42.75% |
| 2012-12-31 | RM265.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Icon Offshore 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 257.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM28.77 Million | 6.52% |
| Common Stock | RM368.98 Million | 83.68% |
| Other Components | RM43.17 Million | 9.79% |
| Total Equity | RM440.92 Million | 100.00% |
Icon Offshore Bhd Competitors by Market Cap
The table below lists competitors of Icon Offshore Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Namyang Dairy
KO:003920
|
$115.08 Million |
|
Berkeley Energia Ltd
AU:BKY
|
$115.09 Million |
|
HEIMSTADEN AB PR.SHS O.N.
F:61B
|
$115.09 Million |
|
OCUPHIRE PHARMA DL-0001
F:R3X1
|
$115.10 Million |
|
Orbitech Co. Ltd
KQ:046120
|
$115.02 Million |
|
KARX
PINK:KARX
|
$115.01 Million |
|
SolGold Plc
PINK:SLGGF
|
$114.97 Million |
|
Green World Fintech Service Co. Ltd.
TWO:6763
|
$114.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Icon Offshore Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 345,339,683 to 440,923,000, a change of 95,583,317 (27.7%).
- Net income of 44,047,150 contributed positively to equity growth.
- Dividend payments of 27,082,000 reduced retained earnings.
- New share issuances of 866,304 increased equity.
- Other factors increased equity by 77,751,863.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM44.05 Million | +9.99% |
| Dividends Paid | RM27.08 Million | -6.14% |
| Share Issuances | RM866.30K | +0.2% |
| Other Changes | RM77.75 Million | +17.63% |
| Total Change | RM- | 27.68% |
Book Value vs Market Value Analysis
This analysis compares Icon Offshore 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: 2.58x
- 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 0.03x to 2.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | RM56.44 | RM1.91 | x |
| 2013-12-31 | RM80.57 | RM1.91 | x |
| 2014-12-31 | RM337.12 | RM1.91 | x |
| 2015-12-31 | RM152.40 | RM1.91 | x |
| 2016-12-31 | RM1.66 | RM1.91 | x |
| 2017-12-31 | RM1.48 | RM1.91 | x |
| 2018-12-31 | RM0.16 | RM1.91 | x |
| 2019-12-31 | RM0.14 | RM1.91 | x |
| 2020-12-31 | RM0.13 | RM1.91 | x |
| 2021-12-31 | RM0.69 | RM1.91 | x |
| 2022-12-31 | RM0.67 | RM1.91 | x |
| 2023-12-31 | RM0.64 | RM1.91 | x |
| 2024-12-31 | RM0.74 | RM1.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Icon Offshore 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): 9.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.68%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.58x
- Recent ROE (9.99%) is above the historical average (-63.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 3.03% | 7.41% | 0.07x | 5.52x | RM-18.53 Million |
| 2013 | 29.95% | 33.92% | 0.21x | 4.15x | RM75.66 Million |
| 2014 | 5.49% | 18.61% | 0.18x | 1.65x | RM-48.71 Million |
| 2015 | -50.74% | -136.58% | 0.18x | 2.12x | RM-435.85 Million |
| 2016 | -27.04% | -67.31% | 0.16x | 2.45x | RM-209.24 Million |
| 2017 | -12.33% | -30.35% | 0.16x | 2.60x | RM-112.47 Million |
| 2018 | -819.81% | -225.88% | 0.25x | 14.34x | RM-456.69 Million |
| 2019 | -20.34% | -4.98% | 0.27x | 15.32x | RM-14.94 Million |
| 2020 | 8.00% | 13.09% | 0.27x | 2.25x | RM-6.93 Million |
| 2021 | 6.06% | 7.55% | 0.31x | 2.58x | RM-14.78 Million |
| 2022 | 46.29% | 87.35% | 0.26x | 2.06x | RM132.43 Million |
| 2023 | 1.41% | 2.43% | 0.27x | 2.10x | RM-29.68 Million |
| 2024 | 9.99% | 18.68% | 0.34x | 1.58x | RM-45.15K |
Industry Comparison
This section compares Icon Offshore 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: $580,118,830
- Average return on equity (ROE) among peers: -9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Icon Offshore Bhd (5255) | RM769.14 Million | 3.03% | 0.58x | $115.04 Million |
| Reservoir Link Energy Bhd (0219) | $21.17 Million | 15.37% | 0.78x | $9.11 Million |
| Ocean Vantage Holdings Bhd (0220) | $49.81 Million | 14.69% | 0.16x | $6.73 Million |
| Coastal Contracts Bhd (5071) | $1.09 Billion | -9.67% | 0.43x | $42.02 Million |
| Marine & General Bhd (5078) | $41.82 Million | -118.68% | 21.95x | $26.88 Million |
| Alam Maritim Resources Bhd (5115) | $-87.52 Million | 0.00% | 0.00x | $14.09 Million |
| Deleum Bhd (5132) | $358.25 Million | 4.76% | 0.70x | $34.93 Million |
| Petra Energy Bhd (5133) | $547.00 Million | 8.59% | 1.02x | $14.09 Million |
| Dayang Enterprise Holdings Bhd (5141) | $372.71 Million | 18.17% | 0.47x | $274.52 Million |
| Wah Seong Corporation Bhd (5142) | $775.89 Million | -29.42% | 2.36x | $84.25 Million |
| Malaysia Marine and Heavy Engineering Holdings Bhd (5186) | $2.64 Billion | 4.93% | 0.69x | $28.06 Million |