PLINTAS
Prolintas Infra Business Trust, together with its subsidiaries, engages in the construction, toll collection, operation, and maintenance of highways in Malaysia. It operates and manages four highways, including Ampang-Kuala Lumpur Elevated Highway, Guthrie Corridor Expressway, Lebuhraya Kemuning"Shah Alam, and Sistem Lingkaran Lebuhraya Kajang. The company was founded in 2023 and is based in Kual… Read more
PLINTAS (5320) - Net Assets
Latest net assets as of September 2024: RM634.20 Million MYR
Based on the latest financial reports, PLINTAS (5320) has net assets worth RM634.20 Million MYR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.65 Billion) and total liabilities (RM3.02 Billion). 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 | RM634.20 Million |
| % of Total Assets | 17.36% |
| Annual Growth Rate | 20.6% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 40.34 |
PLINTAS - Net Assets Trend (2020–2022)
This chart illustrates how PLINTAS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PLINTAS (2020–2022)
The table below shows the annual net assets of PLINTAS from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | RM243.36 Million | -13.18% |
| 2021-12-31 | RM280.32 Million | +67.50% |
| 2020-12-31 | RM167.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PLINTAS'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 8096585000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM708.18 Million | 256.25% |
| Total Equity | RM276.37 Million | 100.00% |
PLINTAS Competitors by Market Cap
The table below lists competitors of PLINTAS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vaibhav Global Limited
NSE:VAIBHAVGBL
|
$110.61 Million |
|
Donglai Coating Technology (Shanghai) Co. Ltd. A
SHG:688129
|
$110.63 Million |
|
AMTD Digital Inc.
NYSE:HKD
|
$110.65 Million |
|
Webzen Inc
KQ:069080
|
$110.68 Million |
|
Samil Pharm
KO:000520
|
$110.58 Million |
|
Guangdong Hotata Technology Group Co Ltd Class A
SHG:603848
|
$110.58 Million |
|
LINE Pay Taiwan Limited
TW:7722
|
$110.48 Million |
|
Mountain Commerce Bancorp Inc
OTCQX:MCBI
|
$110.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PLINTAS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 311,049,247 to 276,366,449, a change of -34,682,798 (-11.2%).
- Net loss of 11,282,798 reduced equity.
- Dividend payments of 23,400,000 reduced retained earnings.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-11.28 Million | -4.08% |
| Dividends Paid | RM23.40 Million | -8.47% |
| Total Change | RM- | -11.15% |
Book Value vs Market Value Analysis
This analysis compares PLINTAS'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: 3.74x
- 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 decreased from 5.29x to 3.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RM0.18 | RM0.94 | x |
| 2021-12-31 | RM0.28 | RM0.94 | x |
| 2022-12-31 | RM0.25 | RM0.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PLINTAS 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): -4.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.94%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 11.85x
- Recent ROE (-4.08%) is below the historical average (15.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 5.08% | 2.52% | 0.12x | 17.30x | RM-9.61 Million |
| 2021 | 45.86% | 39.00% | 0.11x | 10.90x | RM111.54 Million |
| 2022 | -4.08% | -2.94% | 0.12x | 11.85x | RM-38.92 Million |
Industry Comparison
This section compares PLINTAS's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $400,000,000
- Average return on equity (ROE) among peers: 9.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PLINTAS (5320) | RM634.20 Million | 5.08% | 4.76x | $110.61 Million |
| Protasco Bhd (5070) | $400.00 Million | 9.25% | 0.75x | $9.16 Million |