KUB Malaysia Bhd (6874) - Net Assets
Based on the latest financial reports, KUB Malaysia Bhd (6874) has net assets worth RM655.94 Million MYR (≈ $164.68 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM844.13 Million ≈ $211.93 Million USD) and total liabilities (RM188.19 Million ≈ $47.25 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 KUB Malaysia Bhd (6874) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM655.94 Million |
| % of Total Assets | 77.71% |
| Annual Growth Rate | 7.59% |
| 5-Year Change | 39.87% |
| 10-Year Change | 144.02% |
| Growth Volatility | 13.22 |
KUB Malaysia Bhd - Net Assets Trend (2012–2024)
This chart illustrates how KUB Malaysia Bhd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of KUB Malaysia Bhd for the complete picture of this company's asset base.
Annual Net Assets for KUB Malaysia Bhd (2012–2024)
The table below shows the annual net assets of KUB Malaysia Bhd from 2012 to 2024. For live valuation and market cap data, see 6874 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM676.30 Million ≈ $169.80 Million |
+3.37% |
| 2023-12-31 | RM654.27 Million ≈ $164.27 Million |
+26.54% |
| 2022-12-31 | RM517.04 Million ≈ $129.81 Million |
+4.81% |
| 2021-12-31 | RM493.31 Million ≈ $123.85 Million |
+2.03% |
| 2020-12-31 | RM483.52 Million ≈ $121.40 Million |
+44.28% |
| 2019-12-31 | RM335.13 Million ≈ $84.14 Million |
+6.23% |
| 2018-12-31 | RM315.48 Million ≈ $79.21 Million |
-3.72% |
| 2017-12-31 | RM327.67 Million ≈ $82.27 Million |
+10.36% |
| 2016-12-31 | RM296.91 Million ≈ $74.54 Million |
+7.13% |
| 2015-12-31 | RM277.15 Million ≈ $69.58 Million |
-1.02% |
| 2014-12-31 | RM280.00 Million ≈ $70.30 Million |
-2.44% |
| 2013-12-31 | RM287.00 Million ≈ $72.06 Million |
+2.14% |
| 2012-12-31 | RM281.00 Million ≈ $70.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to KUB Malaysia 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 461.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM306.55 Million | 44.66% |
| Other Components | RM379.87 Million | 55.34% |
| Total Equity | RM686.42 Million | 100.00% |
KUB Malaysia Bhd Competitors by Market Cap
The table below lists competitors of KUB Malaysia Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orion Gold NL
JSE:ORN
|
$138.53 Million |
|
First Farms A/S
CO:FFARMS
|
$138.55 Million |
|
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B
SHG:900912
|
$138.59 Million |
|
Mosa Industrial Corp
TW:4564
|
$138.61 Million |
|
TerrAscend Corp
F:TED
|
$138.50 Million |
|
Richmond Mutual Bancorporation Inc
NASDAQ:RMBI
|
$138.49 Million |
|
Singer Thailand Public Company Limited
BK:SINGER
|
$138.46 Million |
|
Origin Property PCL
BK:ORI
|
$138.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KUB Malaysia Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 654,271,000 to 686,417,000, a change of 32,146,000 (4.9%).
- Net income of 60,997,000 contributed positively to equity growth.
- Dividend payments of 26,470,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM61.00 Million | +8.89% |
| Dividends Paid | RM26.47 Million | -3.86% |
| Other Changes | RM-2.38 Million | -0.35% |
| Total Change | RM- | 4.91% |
Book Value vs Market Value Analysis
This analysis compares KUB Malaysia 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: 0.84x
- 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 1.99x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | RM0.50 | RM0.99 | x |
| 2016-12-31 | RM0.53 | RM0.99 | x |
| 2017-12-31 | RM0.59 | RM0.99 | x |
| 2018-12-31 | RM0.57 | RM0.99 | x |
| 2019-12-31 | RM0.60 | RM0.99 | x |
| 2020-12-31 | RM0.87 | RM0.99 | x |
| 2021-12-31 | RM0.89 | RM0.99 | x |
| 2022-12-31 | RM0.93 | RM0.99 | x |
| 2023-12-31 | RM1.17 | RM0.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KUB Malaysia 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): 8.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.26%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.30x
- Recent ROE (8.89%) is above the historical average (8.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.83% | 1.76% | 0.96x | 1.68x | RM-19.86 Million |
| 2016 | 7.62% | 4.56% | 0.98x | 1.70x | RM-7.06 Million |
| 2017 | 9.89% | 6.50% | 0.91x | 1.67x | RM-372.20K |
| 2018 | 0.37% | 0.23% | 0.87x | 1.89x | RM-30.37 Million |
| 2019 | 5.18% | 4.33% | 0.73x | 1.63x | RM-16.16 Million |
| 2020 | 32.17% | 26.64% | 0.91x | 1.33x | RM107.21 Million |
| 2021 | 3.71% | 3.34% | 0.84x | 1.32x | RM-31.05 Million |
| 2022 | 6.54% | 6.92% | 0.75x | 1.25x | RM-17.89 Million |
| 2023 | 5.46% | 6.49% | 0.64x | 1.31x | RM-29.70 Million |
| 2024 | 8.89% | 8.26% | 0.83x | 1.30x | RM-7.64 Million |
Industry Comparison
This section compares KUB Malaysia Bhd's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $1,506,169,000
- Average return on equity (ROE) among peers: 29.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KUB Malaysia Bhd (6874) | RM655.94 Million | 2.83% | 0.29x | $138.51 Million |
| Gas Malaysia Bhd (5209) | $1.51 Billion | 29.31% | 1.44x | $1.77 Billion |
About KUB Malaysia Bhd
JAG Capital Berhad, an investment holding company, engages in the business of importing, storing, bottling, marketing, trading, and distributing liquefied petroleum gas (LPG) for household and industrial use under the Solar Gas brand name in Malaysia. It operates through LPG; Cables and building materials; and Others segments. The company owns and operates bottling plants. It also engages in the … Read more