Golden Pharos Bhd (5649) - Net Assets
Based on the latest financial reports, Golden Pharos Bhd (5649) has net assets worth RM73.32 Million MYR (≈ $18.41 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM105.15 Million ≈ $26.40 Million USD) and total liabilities (RM31.83 Million ≈ $7.99 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 strategically is Golden Pharos Bhd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM73.32 Million |
| % of Total Assets | 69.73% |
| Annual Growth Rate | 0.23% |
| 5-Year Change | 9.79% |
| 10-Year Change | -9.54% |
| Growth Volatility | 10.79 |
Golden Pharos Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Golden Pharos Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 5649 company net worth.
Annual Net Assets for Golden Pharos Bhd (2012–2024)
The table below shows the annual net assets of Golden Pharos Bhd from 2012 to 2024. Also explore 5649 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM75.08 Million ≈ $18.85 Million |
-16.66% |
| 2023-12-31 | RM90.10 Million ≈ $22.62 Million |
+15.62% |
| 2022-12-31 | RM77.93 Million ≈ $19.56 Million |
+11.17% |
| 2021-12-31 | RM70.10 Million ≈ $17.60 Million |
+2.50% |
| 2020-12-31 | RM68.39 Million ≈ $17.17 Million |
+8.74% |
| 2019-12-31 | RM62.90 Million ≈ $15.79 Million |
-13.26% |
| 2018-12-31 | RM72.52 Million ≈ $18.21 Million |
-2.53% |
| 2017-12-31 | RM74.40 Million ≈ $18.68 Million |
-0.07% |
| 2016-12-31 | RM74.45 Million ≈ $18.69 Million |
-10.30% |
| 2015-12-31 | RM83.00 Million ≈ $20.84 Million |
-4.60% |
| 2014-12-31 | RM87.00 Million ≈ $21.84 Million |
+19.18% |
| 2013-12-31 | RM73.00 Million ≈ $18.33 Million |
0.00% |
| 2012-12-31 | RM73.00 Million ≈ $18.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Golden Pharos 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 171.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM79.74 Million | 106.20% |
| Total Equity | RM75.08 Million | 100.00% |
Golden Pharos Bhd Competitors by Market Cap
The table below lists competitors of Golden Pharos Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Battery Age Minerals Ltd
AU:BM8
|
$6.89 Million |
|
SINTX Technologies Inc
NASDAQ:SINT
|
$6.90 Million |
|
Keybridge Capital Ltd
AU:KBC
|
$6.90 Million |
|
Pescanova SA
MC:PVA
|
$6.90 Million |
|
Green Ocean Corporation Bhd
KLSE:0074
|
$6.89 Million |
|
Epsilon Healthcare Ltd
AU:EPN
|
$6.88 Million |
|
Bhakti Agung Propertindo
JK:BAPI
|
$6.88 Million |
|
Fly Play hf.
IC:PLAY
|
$6.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Pharos Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 90,097,000 to 75,085,000, a change of -15,012,000 (-16.7%).
- Net loss of 14,296,000 reduced equity.
- Dividend payments of 6,876,000 reduced retained earnings.
- Other factors increased equity by 6,160,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-14.30 Million | -19.04% |
| Dividends Paid | RM6.88 Million | -9.16% |
| Other Changes | RM6.16 Million | +8.2% |
| Total Change | RM- | -16.66% |
Book Value vs Market Value Analysis
This analysis compares Golden Pharos 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: 0.37x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.55 | RM0.20 | x |
| 2017-12-31 | RM0.55 | RM0.20 | x |
| 2018-12-31 | RM0.53 | RM0.20 | x |
| 2019-12-31 | RM0.46 | RM0.20 | x |
| 2020-12-31 | RM0.50 | RM0.20 | x |
| 2021-12-31 | RM0.50 | RM0.20 | x |
| 2022-12-31 | RM0.55 | RM0.20 | x |
| 2023-12-31 | RM0.64 | RM0.20 | x |
| 2024-12-31 | RM0.53 | RM0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Pharos 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): -19.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.39%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.46x
- Recent ROE (-19.04%) is below the historical average (-1.36%), 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 | -7.46% | -9.64% | 0.51x | 1.51x | RM-13.00 Million |
| 2017 | 0.69% | 0.79% | 0.59x | 1.49x | RM-6.92 Million |
| 2018 | -3.99% | -4.11% | 0.62x | 1.56x | RM-10.14 Million |
| 2019 | -14.64% | -16.02% | 0.51x | 1.81x | RM-15.50 Million |
| 2020 | -9.79% | -14.18% | 0.46x | 1.48x | RM-13.53 Million |
| 2021 | 0.94% | 1.16% | 0.54x | 1.51x | RM-6.35 Million |
| 2022 | 15.21% | 16.98% | 0.63x | 1.43x | RM4.06 Million |
| 2023 | 25.83% | 26.08% | 0.67x | 1.49x | RM14.26 Million |
| 2024 | -19.04% | -30.39% | 0.43x | 1.46x | RM-21.80 Million |
Industry Comparison
This section compares Golden Pharos Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $233,845,423
- Average return on equity (ROE) among peers: 5.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Pharos Bhd (5649) | RM73.32 Million | -7.46% | 0.43x | $6.89 Million |
| Kanger International Bhd (0170) | $125.98 Million | -1.36% | 0.62x | $5.12 Million |
| Mieco Chipboard Bhd (5001) | $391.61 Million | -8.61% | 0.63x | $160.68 Million |
| NWP Holdings Bhd (5025) | $25.54 Million | -7.89% | 0.35x | $21.58 Million |
| Annum Bhd (5082) | $109.99 Million | 51.91% | 1.15x | $285.59K |
| HeveaBoard Bhd (5095) | $231.00 Million | 9.52% | 0.83x | $15.63 Million |
| Focus Lumber Bhd (5197) | $130.00 Million | 12.31% | 0.08x | $12.07 Million |
| Minho M Bhd (5576) | $403.30 Million | 1.40% | 0.28x | $23.29 Million |
| Subur Tiasa Holdings Bhd (6904) | $655.00 Million | 5.19% | 0.44x | $33.15 Million |
| Woodlandor Holdings Bhd (7025) | $32.18 Million | -9.03% | 0.27x | $6.03 Million |
About Golden Pharos Bhd
Golden Pharos Berhad, an investment holding company, primarily engages in the forest concession management, harvesting, distribution, sawmilling, and processing of wood-based products in Malaysia and internationally. It operates through three segments: Harvesting, Forest Plantation, Sawmilling, Sales of Logs and Logging Rights; Manufacturing; and Others. The company involved in the manufacture an… Read more