ITMAX System Berhad Net Assets
ITMAX System Berhad net assets. Based on the latest financial reports, ITMAX System Berhad (5309) has net assets worth RM543.59 Million MYR (≈ $136.48 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM683.64 Million ≈ $171.64 Million USD) and total liabilities (RM140.04 Million ≈ $35.16 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. Also explore 5309 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM543.59 Million |
| % of Total Assets | 79.52% |
| Annual Growth Rate | 74.39% |
| 5-Year Change | 827.24% |
| 10-Year Change | N/A |
| Growth Volatility | 146.63 |
Net Assets of ITMAX System Berhad (2019–2025)
Net assets of ITMAX System Berhad from 2019 to 2025. This chart illustrates how ITMAX System Berhad's net assets have evolved over time, based on quarterly financial data. See ITMAX System Berhad (5309) net asset quality to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see 5309 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM499.97 Million ≈ $125.53 Million |
+24.53% |
| 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.
ITMAX System Berhad Net Assets Breakdown (December 2025)
ITMAX System Berhad net assets breakdown by equity component as of 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 |
|---|---|
|
Hunan Zhongke Electric
SHE:300035
|
$1.14 Billion |
|
Fox-Wizel Ltd
TA:FOX
|
$1.14 Billion |
|
Perella Weinberg Partners
NASDAQ:PWP
|
$1.14 Billion |
|
Guangdong Anda Automation Solutions Co. Ltd. A
SHG:688125
|
$1.14 Billion |
|
Shenzhen Desay Battery Technology Co Ltd
SHE:000049
|
$1.14 Billion |
|
Xinjiang Communications Construction Group Co Ltd Class A
SHE:002941
|
$1.14 Billion |
|
Akasha Wira International Tbk
JK:ADES
|
$1.14 Billion |
|
Shanghai Jinqiao Export Processing Zone Development Co Ltd A
SHG:600639
|
$1.14 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: 9.28x
- 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 0.37x to 9.28x 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 | RM4.37 | x |
| 2020-12-31 | RM7.88 | RM4.37 | x |
| 2021-12-31 | RM13.48 | RM4.37 | x |
| 2022-12-31 | RM1.42 | RM4.37 | x |
| 2023-12-31 | RM0.33 | RM4.37 | x |
| 2024-12-31 | RM0.38 | RM4.37 | x |
| 2025-12-31 | RM0.47 | RM4.37 | 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) | RM543.59 Million | 8.84% | 0.26x | $1.14 Billion |
| UNIQUE (0257) | $50.60 Million | 10.52% | 0.52x | $39.26 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 offers smart video surveillance, smart parking, smart traffic management, as well as smart street lighting and communication networks. It also engages in the business of green and sustainable technology solutions; and trading and fabrica… Read more