K N Kenanga Holdings Bhd
Kenanga Investment Bank Berhad, together with its subsidiaries, provides investment banking, stockbroking, and related financial services primarily in Malaysia. It operates through five segments: Investment Banking, Stockbroking, Listed Derivatives, Asset and Wealth Management, and Corporate and Others segments. The company offers equity brokerage, global equity trading, structured warrants, equi… Read more
K N Kenanga Holdings Bhd (6483) - Net Assets
Latest net assets as of September 2025: RM1.07 Billion MYR
Based on the latest financial reports, K N Kenanga Holdings Bhd (6483) has net assets worth RM1.07 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 (RM7.57 Billion) and total liabilities (RM6.49 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 | RM1.07 Billion |
| % of Total Assets | 14.16% |
| Annual Growth Rate | 2.5% |
| 5-Year Change | 11.8% |
| 10-Year Change | 29.23% |
| Growth Volatility | 3.77 |
K N Kenanga Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how K N Kenanga Holdings 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 K N Kenanga Holdings Bhd (2012–2024)
The table below shows the annual net assets of K N Kenanga Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM1.12 Billion | +4.38% |
| 2023-12-31 | RM1.07 Billion | +4.71% |
| 2022-12-31 | RM1.02 Billion | -3.05% |
| 2021-12-31 | RM1.06 Billion | +5.52% |
| 2020-12-31 | RM999.84 Million | +10.57% |
| 2019-12-31 | RM904.29 Million | +3.82% |
| 2018-12-31 | RM871.01 Million | -2.30% |
| 2017-12-31 | RM891.47 Million | +0.62% |
| 2016-12-31 | RM885.96 Million | +2.42% |
| 2015-12-31 | RM865.00 Million | +0.23% |
| 2014-12-31 | RM863.00 Million | +5.37% |
| 2013-12-31 | RM819.00 Million | -1.44% |
| 2012-12-31 | RM831.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to K N Kenanga Holdings 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 589.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM730.70 Million | 65.37% |
| Common Stock | RM253.83 Million | 22.71% |
| Other Components | RM133.31 Million | 11.93% |
| Total Equity | RM1.12 Billion | 100.00% |
K N Kenanga Holdings Bhd Competitors by Market Cap
The table below lists competitors of K N Kenanga Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongbu
KO:005960
|
$56.18 Million |
|
Vardhman Special Steels Limited
NSE:VSSL
|
$56.22 Million |
|
AJ Networks Co Ltd
KO:095570
|
$56.22 Million |
|
CLERHP Estructuras S.A
MC:CLR
|
$56.24 Million |
|
HydroGraph Clean Power Inc.
OTCQB:HGRAF
|
$56.16 Million |
|
Orthex Oyj
HE:ORTHEX
|
$56.15 Million |
|
KP Tissue Inc
PINK:KPTSF
|
$56.14 Million |
|
C-Rad AB (publ)
ST:CRAD-B
|
$56.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in K N Kenanga Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,070,975,000 to 1,117,842,000, a change of 46,867,000 (4.4%).
- Net income of 95,755,000 contributed positively to equity growth.
- Dividend payments of 50,756,000 reduced retained earnings.
- Share repurchases of 576,000 reduced equity.
- New share issuances of 2,858,000 increased equity.
- Other comprehensive income decreased equity by 125,939,999.
- Other factors increased equity by 125,525,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM95.75 Million | +8.57% |
| Dividends Paid | RM50.76 Million | -4.54% |
| Share Repurchases | RM576.00K | -0.05% |
| Share Issuances | RM2.86 Million | +0.26% |
| Other Comprehensive Income | RM-125.94 Million | -11.27% |
| Other Changes | RM125.53 Million | +11.23% |
| Total Change | RM- | 4.38% |
Book Value vs Market Value Analysis
This analysis compares K N Kenanga Holdings 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: 0.57x
- 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 0.71x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.23 | RM0.87 | x |
| 2017-12-31 | RM1.23 | RM0.87 | x |
| 2018-12-31 | RM1.25 | RM0.87 | x |
| 2019-12-31 | RM1.29 | RM0.87 | x |
| 2020-12-31 | RM1.41 | RM0.87 | x |
| 2021-12-31 | RM1.41 | RM0.87 | x |
| 2022-12-31 | RM1.39 | RM0.87 | x |
| 2023-12-31 | RM1.48 | RM0.87 | x |
| 2024-12-31 | RM1.53 | RM0.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently K N Kenanga Holdings 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): 8.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.19%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 6.85x
- Recent ROE (8.57%) is above the historical average (5.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.29% | 2.81% | 0.06x | 7.16x | RM-74.50 Million |
| 2016 | 2.23% | 5.75% | 0.06x | 6.85x | RM-68.88 Million |
| 2017 | 2.71% | 7.62% | 0.05x | 7.30x | RM-64.96 Million |
| 2018 | 1.37% | 3.79% | 0.05x | 7.52x | RM-75.19 Million |
| 2019 | 2.92% | 5.45% | 0.07x | 7.33x | RM-64.04 Million |
| 2020 | 10.21% | 16.80% | 0.09x | 6.58x | RM2.10 Million |
| 2021 | 11.27% | 25.20% | 0.07x | 6.11x | RM13.36 Million |
| 2022 | 5.36% | 10.92% | 0.08x | 5.86x | RM-47.22 Million |
| 2023 | 6.78% | 11.50% | 0.10x | 6.15x | RM-34.46 Million |
| 2024 | 8.57% | 12.19% | 0.10x | 6.85x | RM-16.03 Million |
Industry Comparison
This section compares K N Kenanga Holdings Bhd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $595,333,669
- Average return on equity (ROE) among peers: 7.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K N Kenanga Holdings Bhd (6483) | RM1.07 Billion | 1.29% | 6.06x | $56.17 Million |
| Mercury Securities Group Berhad (0285) | $116.39 Million | 14.78% | 0.50x | $5.65 Million |
| Insas Bhd (3379) | $1.75 Billion | 0.85% | 0.29x | $61.78 Million |
| Apex Equity Holdings Bhd (5088) | $286.00 Million | 6.29% | 0.21x | $28.85 Million |
| Hong Leong Capital Bhd (5274) | $393.00 Million | 9.87% | 5.51x | $40.36 Million |
| M & A EQUITY HOLDINGS BERHAD (7082) | $428.34 Million | 4.77% | 0.30x | $9.28 Million |