Bina Darulaman Bhd
Bina Darulaman Berhad, an investment holding company, engages in the oil palm plantation, property development, and management service businesses in Malaysia. It operates through Property Development; Engineering, Construction and Quarry; Leisure; and Sustainability segments. The Property Development segment is involved in the development of residential and commercial properties. The Engineering,… Read more
Bina Darulaman Bhd (6173) - Net Assets
Latest net assets as of September 2025: RM474.03 Million MYR
Based on the latest financial reports, Bina Darulaman Bhd (6173) has net assets worth RM474.03 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM826.47 Million) and total liabilities (RM352.44 Million). 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 | RM474.03 Million |
| % of Total Assets | 57.36% |
| Annual Growth Rate | 5.44% |
| 5-Year Change | 3.6% |
| 10-Year Change | -5.35% |
| Growth Volatility | 20.93 |
Bina Darulaman Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Bina Darulaman 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 Bina Darulaman Bhd (2012–2024)
The table below shows the annual net assets of Bina Darulaman Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM485.54 Million | -0.10% |
| 2023-12-31 | RM486.04 Million | +2.30% |
| 2022-12-31 | RM475.09 Million | +0.70% |
| 2021-12-31 | RM471.77 Million | +0.66% |
| 2020-12-31 | RM468.66 Million | +1.14% |
| 2019-12-31 | RM463.37 Million | +1.03% |
| 2018-12-31 | RM458.66 Million | -8.43% |
| 2017-12-31 | RM500.87 Million | -4.92% |
| 2016-12-31 | RM526.78 Million | +2.69% |
| 2015-12-31 | RM513.00 Million | +75.09% |
| 2014-12-31 | RM293.00 Million | +7.33% |
| 2013-12-31 | RM273.00 Million | +6.23% |
| 2012-12-31 | RM257.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bina Darulaman 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 30.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM154.83 Million | 31.87% |
| Other Components | RM331.02 Million | 68.13% |
| Total Equity | RM485.85 Million | 100.00% |
Bina Darulaman Bhd Competitors by Market Cap
The table below lists competitors of Bina Darulaman Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SCANDINAV.CHEMOTECH CL.B
F:8V6
|
$3.43 Million |
|
Hoftex Group AG
MU:NBH
|
$3.44 Million |
|
Pentanet Limited
F:83K
|
$3.44 Million |
|
Peako Ltd
AU:PKO
|
$3.44 Million |
|
ATAM VALVES ORD (BSE)
NSE:ATAM
|
$3.43 Million |
|
Greenbriar Capital Corp
PINK:GEBRF
|
$3.43 Million |
|
Yonga Mobilya Sanayi ve Ticaret AS
IS:YONGA
|
$3.43 Million |
|
Ornapaper Bhd
KLSE:5065
|
$3.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bina Darulaman Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 486,344,000 to 485,850,000, a change of -494,000 (-0.1%).
- Net income of 2,545,000 contributed positively to equity growth.
- Dividend payments of 3,039,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.54 Million | +0.52% |
| Dividends Paid | RM3.04 Million | -0.63% |
| Total Change | RM- | -0.10% |
Book Value vs Market Value Analysis
This analysis compares Bina Darulaman 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: 0.13x
- 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 | RM1.73 | RM0.22 | x |
| 2017-12-31 | RM1.65 | RM0.22 | x |
| 2018-12-31 | RM1.51 | RM0.22 | x |
| 2019-12-31 | RM1.52 | RM0.22 | x |
| 2020-12-31 | RM1.54 | RM0.22 | x |
| 2021-12-31 | RM1.55 | RM0.22 | x |
| 2022-12-31 | RM1.56 | RM0.22 | x |
| 2023-12-31 | RM1.60 | RM0.22 | x |
| 2024-12-31 | RM1.60 | RM0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bina Darulaman 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): 0.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.86%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.67x
- Recent ROE (0.52%) is above the historical average (0.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.48% | 9.58% | 0.33x | 2.06x | RM-18.52 Million |
| 2017 | -2.44% | -4.86% | 0.32x | 1.58x | RM-62.33 Million |
| 2018 | -9.20% | -20.75% | 0.27x | 1.62x | RM-88.07 Million |
| 2019 | 1.02% | 1.90% | 0.33x | 1.61x | RM-41.63 Million |
| 2020 | 1.13% | 2.41% | 0.30x | 1.57x | RM-41.57 Million |
| 2021 | 1.14% | 2.59% | 0.29x | 1.52x | RM-41.79 Million |
| 2022 | 1.18% | 2.42% | 0.32x | 1.51x | RM-41.91 Million |
| 2023 | 2.60% | 4.04% | 0.39x | 1.64x | RM-35.98 Million |
| 2024 | 0.52% | 0.86% | 0.36x | 1.67x | RM-46.04 Million |
Industry Comparison
This section compares Bina Darulaman 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 |
|---|---|---|---|---|
| Bina Darulaman Bhd (6173) | RM474.03 Million | 6.48% | 0.74x | $3.43 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 |