APB Resources Bhd
APB Resources Berhad, an investment holding company, fabricates specialized design and manufacturing engineering equipment Malaysia and internationally. It operates in two segments, Fabrication and Others. The company provides in fabrication of finned tubes. It serves petrochemical; oleochemical; oil and gas; power; and food and beverages industries. APB Resources Berhad is headquartered in Shah … Read more
APB Resources Bhd (5568) - Net Assets
Latest net assets as of September 2025: RM71.87 Million MYR
Based on the latest financial reports, APB Resources Bhd (5568) has net assets worth RM71.87 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 (RM208.93 Million) and total liabilities (RM137.06 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 | RM71.87 Million |
| % of Total Assets | 34.4% |
| Annual Growth Rate | -6.45% |
| 5-Year Change | -51.36% |
| 10-Year Change | -59.5% |
| Growth Volatility | 11.43 |
APB Resources Bhd - Net Assets Trend (2012–2024)
This chart illustrates how APB Resources 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 APB Resources Bhd (2012–2024)
The table below shows the annual net assets of APB Resources Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | RM78.16 Million | -35.48% |
| 2023-09-30 | RM121.15 Million | -20.77% |
| 2022-09-30 | RM152.91 Million | -1.61% |
| 2021-09-30 | RM155.42 Million | -3.27% |
| 2020-09-30 | RM160.68 Million | +2.43% |
| 2019-09-30 | RM156.86 Million | -0.79% |
| 2018-09-30 | RM158.11 Million | -11.72% |
| 2017-09-30 | RM179.09 Million | +0.24% |
| 2016-09-30 | RM178.66 Million | -7.43% |
| 2015-09-30 | RM193.00 Million | +6.04% |
| 2014-09-30 | RM182.00 Million | +2.82% |
| 2013-09-30 | RM177.00 Million | +1.72% |
| 2012-09-30 | RM174.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to APB Resources 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 decreased by 205.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM116.01 Million | 148.43% |
| Other Components | RM35.10 Million | 44.91% |
| Total Equity | RM78.16 Million | 100.00% |
APB Resources Bhd Competitors by Market Cap
The table below lists competitors of APB Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Y&G Corp Bhd
KLSE:7003
|
$2.25 Million |
|
Andretti Acquisition Corp. II Warrant
NASDAQ:POLEW
|
$2.25 Million |
|
JV SPAC Acquisition Corp. Right
NASDAQ:JVSAR
|
$2.25 Million |
|
Wellard Ltd
AU:WLD
|
$2.25 Million |
|
TIALIS ESSENTIAL IT PLC
F:U6M
|
$2.24 Million |
|
Piippo OYJ
HE:PIIPPO
|
$2.24 Million |
|
Bank of Southside Virginia Corporation The
PINK:BSSC
|
$2.24 Million |
|
Recrusul S/A
SA:RCSL3
|
$2.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in APB Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 121,146,200 to 78,159,120, a change of -42,987,080 (-35.5%).
- Net loss of 81,239,750 reduced equity.
- Share repurchases of 3,132,970 reduced equity.
- New share issuances of 3,133,000 increased equity.
- Other factors increased equity by 38,252,640.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-81.24 Million | -103.94% |
| Share Repurchases | RM3.13 Million | -4.01% |
| Share Issuances | RM3.13 Million | +4.01% |
| Other Changes | RM38.25 Million | +48.94% |
| Total Change | RM- | -35.48% |
Book Value vs Market Value Analysis
This analysis compares APB Resources 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: 0.27x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.11x to 0.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-09-30 | RM1.61 | RM0.17 | x |
| 2017-09-30 | RM1.62 | RM0.17 | x |
| 2018-09-30 | RM1.43 | RM0.17 | x |
| 2019-09-30 | RM1.42 | RM0.17 | x |
| 2020-09-30 | RM1.45 | RM0.17 | x |
| 2021-09-30 | RM1.40 | RM0.17 | x |
| 2022-09-30 | RM1.38 | RM0.17 | x |
| 2023-09-30 | RM1.07 | RM0.17 | x |
| 2024-09-30 | RM0.63 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently APB Resources 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): -103.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -86.13%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.44x
- Recent ROE (-103.94%) is below the historical average (-15.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -3.99% | -7.98% | 0.46x | 1.09x | RM-24.99 Million |
| 2017 | 2.09% | 6.32% | 0.32x | 1.05x | RM-14.16 Million |
| 2018 | -11.17% | -23.89% | 0.44x | 1.05x | RM-33.47 Million |
| 2019 | -0.79% | -1.92% | 0.38x | 1.07x | RM-16.93 Million |
| 2020 | 2.37% | 4.27% | 0.51x | 1.08x | RM-12.25 Million |
| 2021 | -3.43% | -9.36% | 0.34x | 1.09x | RM-20.87 Million |
| 2022 | 5.61% | 11.00% | 0.46x | 1.12x | RM-6.71 Million |
| 2023 | -26.22% | -27.76% | 0.36x | 2.61x | RM-43.88 Million |
| 2024 | -103.94% | -86.13% | 0.35x | 3.44x | RM-89.06 Million |
Industry Comparison
This section compares APB Resources Bhd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $96,448,050
- Average return on equity (ROE) among peers: 6.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| APB Resources Bhd (5568) | RM71.87 Million | -3.99% | 1.91x | $2.25 Million |
| Mestron Holdings (0207) | $133.18 Million | 8.22% | 0.51x | $13.22 Million |
| Volcano Bhd (0232) | $67.65 Million | 7.07% | 0.10x | $2.97 Million |
| CEKD Bhd (0238) | $37.51 Million | 16.10% | 0.45x | $2.22 Million |
| Coraza Integrated Technology Bhd (0240) | $24.62 Million | 14.02% | 0.86x | $22.53 Million |
| SFP Tech Holdings Bhd (0251) | $197.22 Million | 19.84% | 0.48x | $15.02 Million |
| Wentel Engineering Holdings Berhad (0298) | $67.39 Million | 18.41% | 0.37x | $15.04 Million |
| Chemlite Innovation Berhad (0348) | $10.17 Million | 88.53% | 2.12x | $7.81 Million |
| Seremban Engineering Bhd (5163) | $25.52 Million | -141.72% | 3.68x | $1.36 Million |
| Uwc Bhd (5292) | $304.78 Million | 30.03% | 0.18x | $374.15 Million |