IGB Bhd
IGB Berhad, an investment holding company, operates as a property corporation in Malaysia. It operates in five segments: Property Investment " Retail; Property Investment " Commercial; Property Development; Hotel; and Construction. The company is involved in the rental of retail malls and office buildings; property investment and management; real estate investment trust management; ownership and … Read more
IGB Bhd (5606) - Net Assets
Latest net assets as of December 2025: RM4.64 Billion MYR
Based on the latest financial reports, IGB Bhd (5606) has net assets worth RM4.64 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM9.05 Billion) and total liabilities (RM4.40 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 | RM4.64 Billion |
| % of Total Assets | 51.34% |
| Annual Growth Rate | -0.65% |
| 5-Year Change | 20.9% |
| 10-Year Change | 81.98% |
| Growth Volatility | 15.78 |
IGB Bhd - Net Assets Trend (2012–2025)
This chart illustrates how IGB 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 IGB Bhd (2012–2025)
The table below shows the annual net assets of IGB Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM4.64 Billion | +7.83% |
| 2024-12-31 | RM4.31 Billion | +7.15% |
| 2023-12-31 | RM4.02 Billion | +6.92% |
| 2022-12-31 | RM3.76 Billion | -2.12% |
| 2021-12-31 | RM3.84 Billion | +6.35% |
| 2020-12-31 | RM3.61 Billion | -0.07% |
| 2019-12-31 | RM3.61 Billion | +5.22% |
| 2018-12-31 | RM3.44 Billion | +26.72% |
| 2017-12-31 | RM2.71 Billion | +6.23% |
| 2016-12-31 | RM2.55 Billion | -30.77% |
| 2015-12-31 | RM3.69 Billion | +16.35% |
| 2014-12-31 | RM3.17 Billion | -30.98% |
| 2013-12-31 | RM4.59 Billion | -9.23% |
| 2012-12-31 | RM5.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to IGB 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 103.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM3.15 Billion | 70.78% |
| Other Components | RM1.30 Billion | 29.22% |
| Total Equity | RM4.45 Billion | 100.00% |
IGB Bhd Competitors by Market Cap
The table below lists competitors of IGB Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Orthopedic
TWO:4129
|
$279.97 Million |
|
Zilltek Technology Corp
TWO:6679
|
$280.04 Million |
|
Primeton Information Technologies Inc
SHG:688118
|
$280.04 Million |
|
AbraSilver Resource Corp
OTCQX:ABBRF
|
$280.10 Million |
|
TTET Union Corp
TW:1232
|
$279.77 Million |
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828
|
$279.74 Million |
|
New Work SE
HM:NWO
|
$279.67 Million |
|
Jiangsu Yabang Dyestuff Co Ltd
SHG:603188
|
$279.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IGB Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,154,986,000 to 4,448,002,000, a change of 293,016,000 (7.1%).
- Net income of 361,017,000 contributed positively to equity growth.
- Share repurchases of 2,586,000 reduced equity.
- Other factors decreased equity by 65,415,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM361.02 Million | +8.12% |
| Share Repurchases | RM2.59 Million | -0.06% |
| Other Changes | RM-65.42 Million | -1.47% |
| Total Change | RM- | 7.05% |
Book Value vs Market Value Analysis
This analysis compares IGB 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: 0.73x
- 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 0.60x to 0.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM4.09 | RM2.45 | x |
| 2017-12-31 | RM4.34 | RM2.45 | x |
| 2018-12-31 | RM3.26 | RM2.45 | x |
| 2019-12-31 | RM5.21 | RM2.45 | x |
| 2020-12-31 | RM4.06 | RM2.45 | x |
| 2021-12-31 | RM2.83 | RM2.45 | x |
| 2022-12-31 | RM2.78 | RM2.45 | x |
| 2023-12-31 | RM2.98 | RM2.45 | x |
| 2024-12-31 | RM3.13 | RM2.45 | x |
| 2025-12-31 | RM3.35 | RM2.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IGB 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): 8.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.88%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.03x
- Recent ROE (8.12%) is above the historical average (6.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.47% | 13.14% | 0.15x | 3.25x | RM-90.16 Million |
| 2017 | 7.94% | 17.60% | 0.15x | 3.10x | RM-55.93 Million |
| 2018 | 6.86% | 18.10% | 0.15x | 2.49x | RM-107.86 Million |
| 2019 | 5.77% | 14.53% | 0.17x | 2.38x | RM-152.77 Million |
| 2020 | 0.26% | 0.91% | 0.12x | 2.38x | RM-351.93 Million |
| 2021 | 4.21% | 17.40% | 0.10x | 2.37x | RM-222.25 Million |
| 2022 | 4.23% | 12.32% | 0.14x | 2.38x | RM-216.83 Million |
| 2023 | 7.76% | 19.53% | 0.18x | 2.17x | RM-90.05 Million |
| 2024 | 10.02% | 24.91% | 0.19x | 2.11x | RM725.40K |
| 2025 | 8.12% | 18.88% | 0.21x | 2.03x | RM-83.78 Million |
Industry Comparison
This section compares IGB Bhd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $521,520,714
- Average return on equity (ROE) among peers: 0.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IGB Bhd (5606) | RM4.64 Billion | 6.47% | 0.95x | $279.81 Million |
| Menang Corporation (Malaysia) Bhd (1694) | $359.70 Million | 3.37% | 1.84x | $10.70 Million |
| Pegasus Heights Bhd (4464) | $130.89 Million | -3.54% | 0.06x | $7.39 Million |
| Meridian Bhd (5040) | $137.29 Million | -6.60% | 0.46x | $426.43K |
| MPHB Capital Bhd (5237) | $1.71 Billion | 1.48% | 0.02x | $160.75 Million |
| SHL Consolidated Bhd (6017) | $824.84 Million | 2.84% | 0.23x | $23.80 Million |
| Y&G Corp Bhd (7003) | $319.26 Million | 0.10% | 0.23x | $2.25 Million |
| Bertam Alliance Bhd (9814) | $169.00 Million | 7.10% | 0.95x | $1.69 Million |