Petronas Gas Bhd (6033) - Net Assets

Latest as of September 2025: RM14.65 Billion MYR

Based on the latest financial reports, Petronas Gas Bhd (6033) has net assets worth RM14.65 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 (RM19.69 Billion) and total liabilities (RM5.04 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	RM14.65 Billion
% of Total Assets	74.41%
Annual Growth Rate	3.77%
5-Year Change	9.79%
10-Year Change	22.8%
Growth Volatility	3.59

Petronas Gas Bhd - Net Assets Trend (2005–2024)

This chart illustrates how Petronas Gas 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 Petronas Gas Bhd (2005–2024)

The table below shows the annual net assets of Petronas Gas Bhd from 2005 to 2024.

Year	Net Assets	Change
2024-12-31	RM14.24 Billion	+3.07%
2023-12-31	RM13.82 Billion	+3.02%
2022-12-31	RM13.41 Billion	+0.53%
2021-12-31	RM13.34 Billion	+2.86%
2020-12-31	RM12.97 Billion	-4.40%
2019-12-31	RM13.57 Billion	+1.62%
2018-12-31	RM13.35 Billion	+4.59%
2017-12-31	RM12.76 Billion	+4.94%
2016-12-31	RM12.16 Billion	+4.88%
2015-12-31	RM11.59 Billion	+9.71%
2014-12-31	RM10.57 Billion	+2.96%
2013-12-31	RM10.27 Billion	+10.59%
2012-12-31	RM9.28 Billion	+8.47%
2011-12-31	RM8.56 Billion	+0.50%
2010-12-31	RM8.52 Billion	+6.21%
2009-12-31	RM8.02 Billion	-0.26%
2008-12-31	RM8.04 Billion	+1.46%
2007-12-31	RM7.92 Billion	+4.43%
2006-12-31	RM7.59 Billion	+7.64%
2005-12-31	RM7.05 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Petronas Gas 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 1019886500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	RM10.20 Billion	73.12%
Common Stock	RM3.17 Billion	22.69%
Other Comprehensive Income	RM584.35 Million	4.19%
Total Equity	RM13.95 Billion	100.00%

Petronas Gas Bhd Competitors by Market Cap

The table below lists competitors of Petronas Gas Bhd ranked by their market capitalization.

Company	Market Cap
Figma, Inc. NYSE:FIG	$8.96 Billion
Generac Holdings Inc NYSE:GNRC	$8.97 Billion
Bio-Techne Corp NASDAQ:TECH	$8.97 Billion
CITIC Metal Co. Ltd. A SHG:601061	$8.98 Billion
CATHAY PAC.AIRW.HD-20ADR5 F:CTYA	$8.96 Billion
Celsius Holdings Inc NASDAQ:CELH	$8.96 Billion
Vaxcyte Inc NASDAQ:PCVX	$8.95 Billion
Range Resources Corp NYSE:RRC	$8.94 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Petronas Gas Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 13,555,062,000 to 13,948,423,000, a change of 393,361,000 (2.9%).
Net income of 1,836,339,000 contributed positively to equity growth.
Dividend payments of 1,424,687,000 reduced retained earnings.
Share repurchases of 2,135,000 reduced equity.
Other comprehensive income decreased equity by 18,291,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	RM1.84 Billion	+13.17%
Dividends Paid	RM1.42 Billion	-10.21%
Share Repurchases	RM2.13 Million	-0.02%
Other Comprehensive Income	RM-18.29 Million	-0.13%
Other Changes	RM2.13 Million	+0.02%
Total Change	RM-	2.90%

Book Value vs Market Value Analysis

This analysis compares Petronas Gas 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: 2.56x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 5.06x to 2.56x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	RM3.56	RM18.04	x
2006-12-31	RM3.83	RM18.04	x
2007-12-31	RM4.00	RM18.04	x
2008-12-31	RM4.06	RM18.04	x
2009-12-31	RM4.05	RM18.04	x
2010-12-31	RM4.28	RM18.04	x
2011-12-31	RM4.33	RM18.04	x
2012-12-31	RM4.63	RM18.04	x
2013-12-31	RM5.19	RM18.04	x
2014-12-31	RM5.32	RM18.04	x
2015-12-31	RM5.78	RM18.04	x
2016-12-31	RM6.05	RM18.04	x
2017-12-31	RM6.32	RM18.04	x
2018-12-31	RM6.56	RM18.04	x
2019-12-31	RM6.69	RM18.04	x
2020-12-31	RM6.39	RM18.04	x
2021-12-31	RM6.62	RM18.04	x
2022-12-31	RM6.64	RM18.04	x
2023-12-31	RM6.85	RM18.04	x
2024-12-31	RM7.05	RM18.04	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Petronas Gas 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): 13.17%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 28.09%
• Asset Turnover: 0.35x
• Equity Multiplier: 1.34x
Recent ROE (13.17%) is below the historical average (14.75%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	13.78%	34.20%	0.30x	1.33x	RM266.27 Million
2006	16.44%	41.81%	0.31x	1.25x	RM488.35 Million
2007	13.80%	34.97%	0.32x	1.24x	RM300.71 Million
2008	11.54%	27.17%	0.35x	1.23x	RM124.13 Million
2009	11.74%	29.20%	0.33x	1.23x	RM139.10 Million
2010	17.00%	40.82%	0.34x	1.24x	RM592.47 Million
2011	12.63%	39.09%	0.26x	1.25x	RM225.21 Million
2012	15.33%	39.29%	0.27x	1.47x	RM488.51 Million
2013	20.25%	53.41%	0.29x	1.29x	RM1.05 Billion
2014	17.50%	41.97%	0.33x	1.26x	RM789.80 Million
2015	17.37%	44.60%	0.31x	1.26x	RM843.57 Million
2016	14.53%	38.13%	0.28x	1.38x	RM542.37 Million
2017	14.32%	37.27%	0.27x	1.41x	RM541.18 Million
2018	13.96%	32.93%	0.30x	1.42x	RM513.07 Million
2019	14.61%	35.46%	0.28x	1.48x	RM610.72 Million
2020	15.91%	35.94%	0.30x	1.45x	RM746.11 Million
2021	15.18%	35.21%	0.29x	1.46x	RM679.08 Million
2022	12.51%	26.71%	0.31x	1.50x	RM330.64 Million
2023	13.42%	28.23%	0.33x	1.43x	RM464.09 Million
2024	13.17%	28.09%	0.35x	1.34x	RM441.50 Million

Industry Comparison

This section compares Petronas Gas Bhd's net assets metrics with peer companies in the Oil & Gas Integrated industry.

Industry Context

Industry: Oil & Gas Integrated
Average net assets among peers: $402,157,000
Average return on equity (ROE) among peers: 9.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Petronas Gas Bhd (6033)	RM14.65 Billion	13.78%	0.34x	$8.96 Billion
Uzma Bhd (7250)	$402.16 Million	9.78%	1.87x	$60.53 Million

About Petronas Gas Bhd

KLSE:6033 Malaysia Oil & Gas Integrated

Market Cap

$8.96 Billion

RM35.70 Billion MYR

Market Cap Rank

#2222 Global

#10 in Malaysia

Share Price

RM18.04

Change (1 day)

+0.78%

52-Week Range

RM16.66 - RM19.00

All Time High

RM19.00