ITMAX System Berhad (5309) - Net Assets
Based on the latest financial reports, ITMAX System Berhad (5309) has net assets worth RM502.98 Million MYR (≈ $126.28 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 (RM620.41 Million ≈ $155.76 Million USD) and total liabilities (RM117.43 Million ≈ $29.48 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 how resilient are ITMAX System Berhad's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM502.98 Million |
| % of Total Assets | 81.07% |
| Annual Growth Rate | 74.56% |
| 5-Year Change | 832.83% |
| 10-Year Change | N/A |
| Growth Volatility | 146.56 |
ITMAX System Berhad - Net Assets Trend (2019–2025)
This chart illustrates how ITMAX System Berhad's net assets have evolved over time, based on quarterly financial data. Also explore 5309 total assets for the complete picture of this company's asset base.
Annual Net Assets for ITMAX System Berhad (2019–2025)
The table below shows the annual net assets of ITMAX System Berhad from 2019 to 2025. For live valuation and market cap data, see 5309 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM502.98 Million ≈ $126.28 Million |
+25.29% |
| 2024-12-31 | RM401.47 Million ≈ $100.80 Million |
+16.70% |
| 2023-12-31 | RM344.00 Million ≈ $86.37 Million |
+20.36% |
| 2022-12-31 | RM285.82 Million ≈ $71.76 Million |
+430.09% |
| 2021-12-31 | RM53.92 Million ≈ $13.54 Million |
+75.73% |
| 2020-12-31 | RM30.68 Million ≈ $7.70 Million |
+72.73% |
| 2019-12-31 | RM17.76 Million ≈ $4.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ITMAX System Berhad'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 1485.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM222.19 Million | 44.64% |
| Common Stock | RM268.10 Million | 53.87% |
| Other Comprehensive Income | RM7.42 Million | 1.49% |
| Other Components | RM1.00 | 0.00% |
| Total Equity | RM497.71 Million | 100.00% |
ITMAX System Berhad Competitors by Market Cap
The table below lists competitors of ITMAX System Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Nebula Electronics Co Ltd
SHE:300648
|
$1.26 Billion |
|
Hengdian Group Tospo Lighting Co Ltd
SHG:603303
|
$1.26 Billion |
|
RPC Inc
NYSE:RES
|
$1.26 Billion |
|
Wizz Air Holdings Plc
F:WI2
|
$1.26 Billion |
|
Jiangxi Guotai Civilian
SHG:603977
|
$1.26 Billion |
|
Chengdu Gas Group Co Ltd
SHG:603053
|
$1.26 Billion |
|
Lightspeed Commerce Inc
TO:LSPD
|
$1.26 Billion |
|
FLEX LNG Ltd
F:0QQA
|
$1.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ITMAX System Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 401,178,000 to 497,712,000, a change of 96,534,000 (24.1%).
- Net income of 93,540,000 contributed positively to equity growth.
- Dividend payments of 6,189,000 reduced retained earnings.
- New share issuances of 6,614,000 increased equity.
- Other comprehensive income increased equity by 58,927,000.
- Other factors decreased equity by 56,358,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM93.54 Million | +18.79% |
| Dividends Paid | RM6.19 Million | -1.24% |
| Share Issuances | RM6.61 Million | +1.33% |
| Other Comprehensive Income | RM58.93 Million | +11.84% |
| Other Changes | RM-56.36 Million | -11.32% |
| Total Change | RM- | 24.06% |
Book Value vs Market Value Analysis
This analysis compares ITMAX System Berhad'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: 10.30x
- 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 increased from 0.41x to 10.30x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | RM11.80 | RM4.85 | x |
| 2020-12-31 | RM7.88 | RM4.85 | x |
| 2021-12-31 | RM13.48 | RM4.85 | x |
| 2022-12-31 | RM1.42 | RM4.85 | x |
| 2023-12-31 | RM0.33 | RM4.85 | x |
| 2024-12-31 | RM0.38 | RM4.85 | x |
| 2025-12-31 | RM0.47 | RM4.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ITMAX System Berhad 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): 18.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.88%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.25x
- Recent ROE (18.79%) is below the historical average (25.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 8.84% | 4.22% | 0.52x | 4.00x | RM-206.40K |
| 2020 | 41.29% | 26.65% | 0.43x | 3.57x | RM9.60 Million |
| 2021 | 54.22% | 36.66% | 0.49x | 3.03x | RM23.84 Million |
| 2022 | 14.20% | 37.83% | 0.27x | 1.37x | RM12.00 Million |
| 2023 | 18.40% | 42.28% | 0.34x | 1.27x | RM28.90 Million |
| 2024 | 20.04% | 36.50% | 0.43x | 1.27x | RM40.28 Million |
| 2025 | 18.79% | 37.88% | 0.40x | 1.25x | RM43.77 Million |
Industry Comparison
This section compares ITMAX System Berhad's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $67,799,500
- Average return on equity (ROE) among peers: 5.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ITMAX System Berhad (5309) | RM502.98 Million | 8.84% | 0.23x | $1.26 Billion |
| UNIQUE (0257) | $50.60 Million | 10.52% | 0.52x | $38.66 Million |
| IQ Group Holdings Bhd (5107) | $85.00 Million | 1.18% | 0.39x | $8.84 Million |
About ITMAX System Berhad
ITMAX System Berhad, an investment holding company, engages in the supply, installation, and provision of public space networked systems in Malaysia. The company develops, supplies, and installs networking solutions for lighting systems, traffic management systems, video surveillance, communication network, and related artificial intelligence. It also engages in the business of green and sustaina… Read more