Muhibbah Engineering M Bhd
Muhibbah Engineering (M) Bhd. engages in the oil and gas, marine, infrastructure, civil, and structural engineering contract works in Malaysia and internationally. It operates through Infrastructure Construction, Cranes, Marine Shipbuilding and Ship Repair, and Concession segments. The Infrastructure Construction segment constructs petroleum hub and bunkering facilities, oil and gas terminals, li… Read more
Muhibbah Engineering M Bhd (5703) - Net Assets
Latest net assets as of September 2025: RM1.95 Billion MYR
Based on the latest financial reports, Muhibbah Engineering M Bhd (5703) has net assets worth RM1.95 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.55 Billion) and total liabilities (RM1.60 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 | RM1.95 Billion |
| % of Total Assets | 54.84% |
| Annual Growth Rate | 9.41% |
| 5-Year Change | 14.47% |
| 10-Year Change | 76.51% |
| Growth Volatility | 9.18 |
Muhibbah Engineering M Bhd - Net Assets Trend (2006–2024)
This chart illustrates how Muhibbah Engineering M 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 Muhibbah Engineering M Bhd (2006–2024)
The table below shows the annual net assets of Muhibbah Engineering M Bhd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM1.91 Billion | +5.87% |
| 2023-12-31 | RM1.81 Billion | +2.68% |
| 2022-12-31 | RM1.76 Billion | +5.82% |
| 2021-12-31 | RM1.66 Billion | -0.49% |
| 2020-12-31 | RM1.67 Billion | -0.33% |
| 2019-12-31 | RM1.68 Billion | +2.34% |
| 2018-12-31 | RM1.64 Billion | +10.59% |
| 2017-12-31 | RM1.48 Billion | +7.31% |
| 2016-12-31 | RM1.38 Billion | +27.38% |
| 2015-12-31 | RM1.08 Billion | +24.82% |
| 2014-12-31 | RM868.29 Million | +14.68% |
| 2013-12-31 | RM757.11 Million | +22.03% |
| 2012-12-31 | RM620.41 Million | -3.06% |
| 2011-12-31 | RM639.98 Million | +14.47% |
| 2010-12-31 | RM559.07 Million | +1.34% |
| 2009-12-31 | RM551.69 Million | +4.28% |
| 2008-12-31 | RM529.05 Million | +14.72% |
| 2007-12-31 | RM461.15 Million | +21.67% |
| 2006-12-31 | RM379.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Muhibbah Engineering M 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 270.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM469.75 Million | 34.83% |
| Common Stock | RM428.32 Million | 31.75% |
| Other Components | RM450.76 Million | 33.42% |
| Total Equity | RM1.35 Billion | 100.00% |
Muhibbah Engineering M Bhd Competitors by Market Cap
The table below lists competitors of Muhibbah Engineering M Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verde Resources Inc
OTCQB:VRDR
|
$53.97 Million |
|
Freightos Limited Ordinary shares
NASDAQ:CRGO
|
$53.97 Million |
|
Aft Pharmaceuticals Ltd
AU:AFP
|
$53.97 Million |
|
Senzime AB (publ)
OTCGREY:SNZZF
|
$53.98 Million |
|
Action SA
WAR:ACT
|
$53.95 Million |
|
Lithium Chile Inc
PINK:LTMCF
|
$53.93 Million |
|
Ateme S.A.
LSE:0QVW
|
$53.91 Million |
|
Nerdy Inc
NYSE:NRDY
|
$53.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Muhibbah Engineering M Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,290,531,000 to 1,348,830,000, a change of 58,299,000 (4.5%).
- Net income of 72,957,000 contributed positively to equity growth.
- Share repurchases of 1,214,000 reduced equity.
- New share issuances of 1,462,000 increased equity.
- Other factors decreased equity by 14,906,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM72.96 Million | +5.41% |
| Share Repurchases | RM1.21 Million | -0.09% |
| Share Issuances | RM1.46 Million | +0.11% |
| Other Changes | RM-14.91 Million | -1.11% |
| Total Change | RM- | 4.52% |
Book Value vs Market Value Analysis
This analysis compares Muhibbah Engineering M 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: 0.29x
- 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 decreased from 0.67x to 0.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.79 | RM0.53 | x |
| 2007-12-31 | RM0.95 | RM0.53 | x |
| 2008-12-31 | RM1.07 | RM0.53 | x |
| 2009-12-31 | RM1.09 | RM0.53 | x |
| 2010-12-31 | RM1.10 | RM0.53 | x |
| 2011-12-31 | RM1.21 | RM0.53 | x |
| 2012-12-31 | RM1.07 | RM0.53 | x |
| 2013-12-31 | RM1.25 | RM0.53 | x |
| 2014-12-31 | RM1.37 | RM0.53 | x |
| 2015-12-31 | RM1.71 | RM0.53 | x |
| 2016-12-31 | RM2.00 | RM0.53 | x |
| 2017-12-31 | RM2.11 | RM0.53 | x |
| 2018-12-31 | RM2.23 | RM0.53 | x |
| 2019-12-31 | RM2.22 | RM0.53 | x |
| 2020-12-31 | RM2.19 | RM0.53 | x |
| 2021-12-31 | RM2.22 | RM0.53 | x |
| 2022-12-31 | RM1.94 | RM0.53 | x |
| 2023-12-31 | RM1.78 | RM0.53 | x |
| 2024-12-31 | RM1.81 | RM0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Muhibbah Engineering M 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): 5.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.75%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.67x
- Recent ROE (5.41%) is below the historical average (5.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 10.52% | 3.11% | 0.76x | 4.42x | RM1.66 Million |
| 2007 | 18.16% | 4.97% | 0.80x | 4.55x | RM31.53 Million |
| 2008 | 4.94% | 1.07% | 0.78x | 5.91x | RM-22.34 Million |
| 2009 | 2.82% | 0.56% | 0.89x | 5.65x | RM-32.34 Million |
| 2010 | 7.30% | 1.86% | 0.65x | 6.00x | RM-12.21 Million |
| 2011 | 12.37% | 3.15% | 0.70x | 5.61x | RM12.23 Million |
| 2012 | -20.54% | -3.55% | 0.93x | 6.24x | RM-138.65 Million |
| 2013 | 15.35% | 4.46% | 0.73x | 4.71x | RM30.11 Million |
| 2014 | 12.66% | 4.70% | 0.55x | 4.86x | RM17.15 Million |
| 2015 | 10.49% | 5.33% | 0.45x | 4.34x | RM4.00 Million |
| 2016 | 10.81% | 5.50% | 0.47x | 4.20x | RM7.88 Million |
| 2017 | 12.51% | 9.42% | 0.41x | 3.25x | RM26.43 Million |
| 2018 | 12.92% | 9.19% | 0.42x | 3.38x | RM32.76 Million |
| 2019 | 3.13% | 2.27% | 0.39x | 3.52x | RM-76.42 Million |
| 2020 | -11.32% | -10.25% | 0.33x | 3.39x | RM-231.67 Million |
| 2021 | -0.31% | -0.34% | 0.30x | 3.06x | RM-113.66 Million |
| 2022 | -1.42% | -1.99% | 0.27x | 2.65x | RM-143.81 Million |
| 2023 | -0.62% | -0.64% | 0.36x | 2.68x | RM-137.04 Million |
| 2024 | 5.41% | 3.75% | 0.54x | 2.67x | RM-61.93 Million |
Industry Comparison
This section compares Muhibbah Engineering M Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $122,625,026
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Muhibbah Engineering M Bhd (5703) | RM1.95 Billion | 10.52% | 0.82x | $53.96 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $86.27 Million |