Muhibbah Engineering M Bhd (5703) - Net Assets
Based on the latest financial reports, Muhibbah Engineering M Bhd (5703) has net assets worth RM2.00 Billion MYR (≈ $502.56 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.61 Billion ≈ $905.79 Million USD) and total liabilities (RM1.61 Billion ≈ $403.23 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 5703 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM2.00 Billion |
| % of Total Assets | 55.48% |
| Annual Growth Rate | 9.1% |
| 5-Year Change | 19.3% |
| 10-Year Change | 43.71% |
| Growth Volatility | 9.03 |
Muhibbah Engineering M Bhd - Net Assets Trend (2006–2025)
This chart illustrates how Muhibbah Engineering M Bhd's net assets have evolved over time, based on quarterly financial data. See 5703 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Muhibbah Engineering M Bhd (2006–2025)
The table below shows the annual net assets of Muhibbah Engineering M Bhd from 2006 to 2025. For live valuation and market cap data, see Muhibbah Engineering M Bhd (5703) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.98 Billion ≈ $498.10 Million |
+3.71% |
| 2024-12-31 | RM1.91 Billion ≈ $480.29 Million |
+5.87% |
| 2023-12-31 | RM1.81 Billion ≈ $453.65 Million |
+2.68% |
| 2022-12-31 | RM1.76 Billion ≈ $441.81 Million |
+5.82% |
| 2021-12-31 | RM1.66 Billion ≈ $417.53 Million |
-0.49% |
| 2020-12-31 | RM1.67 Billion ≈ $419.59 Million |
-0.33% |
| 2019-12-31 | RM1.68 Billion ≈ $420.97 Million |
+2.34% |
| 2018-12-31 | RM1.64 Billion ≈ $411.33 Million |
+10.59% |
| 2017-12-31 | RM1.48 Billion ≈ $371.94 Million |
+7.31% |
| 2016-12-31 | RM1.38 Billion ≈ $346.61 Million |
+27.38% |
| 2015-12-31 | RM1.08 Billion ≈ $272.11 Million |
+24.82% |
| 2014-12-31 | RM868.29 Million ≈ $218.00 Million |
+14.68% |
| 2013-12-31 | RM757.11 Million ≈ $190.09 Million |
+22.03% |
| 2012-12-31 | RM620.41 Million ≈ $155.76 Million |
-3.06% |
| 2011-12-31 | RM639.98 Million ≈ $160.68 Million |
+14.47% |
| 2010-12-31 | RM559.07 Million ≈ $140.36 Million |
+1.34% |
| 2009-12-31 | RM551.69 Million ≈ $138.51 Million |
+4.28% |
| 2008-12-31 | RM529.05 Million ≈ $132.83 Million |
+14.72% |
| 2007-12-31 | RM461.15 Million ≈ $115.78 Million |
+21.67% |
| 2006-12-31 | RM379.01 Million ≈ $95.16 Million |
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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 312.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM523.69 Million | 37.22% |
| Common Stock | RM429.60 Million | 30.53% |
| Other Components | RM453.67 Million | 32.24% |
| Total Equity | RM1.41 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 |
|---|---|
|
Immobile
WAR:GKI
|
$96.33 Million |
|
NoiBai Cargo Terminal Services JSC
VN:NCT
|
$96.33 Million |
|
Mitrabara Adiperdana PT
JK:MBAP
|
$96.36 Million |
|
HLS Therapeutics Inc
TO:HLS
|
$96.37 Million |
|
Adverum Biotechnologies Inc
NASDAQ:ADVM
|
$96.26 Million |
|
Hf Foods Group Inc
NASDAQ:HFFG
|
$96.26 Million |
|
Hites S.A.
SN:HITES
|
$96.25 Million |
|
Sumeeko Industries Co Ltd
TWO:2066
|
$96.20 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 2024 to 2025, total equity changed from 1,348,830,000 to 1,406,959,000, a change of 58,129,000 (4.3%).
- Net income of 80,331,000 contributed positively to equity growth.
- Dividend payments of 21,933,000 reduced retained earnings.
- Share repurchases of 1,003,000 reduced equity.
- New share issuances of 4,603,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM80.33 Million | +5.71% |
| Dividends Paid | RM21.93 Million | -1.56% |
| Share Repurchases | RM1.00 Million | -0.07% |
| Share Issuances | RM4.60 Million | +0.33% |
| Other Changes | RM-3.87 Million | -0.27% |
| Total Change | RM- | 4.31% |
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: 0.28x
- 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 0.28x 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 |
| 2025-12-31 | RM1.89 | 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): 5.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.05%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.55x
- Recent ROE (5.71%) is above the historical average (5.54%), indicating improving 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 |
| 2025 | 5.71% | 6.05% | 0.37x | 2.55x | RM-60.36 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: $85,522,797
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Muhibbah Engineering M Bhd (5703) | RM2.00 Billion | 10.52% | 0.80x | $96.26 Million |
| Southern Score Builders Berhad (0045) | $-6.44 Million | 0.00% | 0.00x | $296.70 Million |
| Ecobuilt Holdings Bhd (0059) | $109.90 Million | -11.02% | 1.00x | $2.64 Million |
| Mega Sun City Holdings Bhd (0081) | $50.82 Million | -3.25% | 0.01x | $2.97 Million |
| Waja Konsortium Bhd (0102) | $40.12 Million | -0.57% | 1.17x | $14.00 Million |
| Kelington Group Bhd (0151) | $168.33 Million | 10.40% | 1.08x | $1.54 Billion |
| Widad Group Bhd (0162) | $12.65 Million | 30.99% | 0.34x | $11.75 Million |
| Pasukhas Group Bhd (0177) | $63.49 Million | -17.20% | 1.27x | $3.11 Million |
| HSS Engineers Bhd (0185) | $224.88 Million | 4.82% | 0.62x | $58.09 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $9.42 Million |
| Inta Bina Group Bhd (0192) | $146.80 Million | 8.03% | 1.63x | $60.19 Million |
About Muhibbah Engineering M Bhd
Muhibbah Engineering (M) Bhd., together with its subsidiaries, engages in the marine construction business in Malaysia, Cambodia, Australia, the United States, Denmark, and internationally. It operates through four segments: Infrastructure Construction, Cranes, Marine Shipbuilding and Ship Repair, and Concession. The company constructs petroleum hub and bunkering facilities, oil and gas terminals… Read more