Subur Tiasa Holdings Bhd
Subur Tiasa Holdings Berhad, an investment holding company, engages in the extraction and sale of logs in Malaysia, India, Japan, South Korea, Taiwan, and internationally. It operates through Timber, Plantation, and Others segments. The Timber segment is involved in the extraction and sale of logs; subcontract of tree planting; and manufacture and trade of plywood, veneer, raw and laminated parti… Read more
Subur Tiasa Holdings Bhd (6904) - Net Assets
Latest net assets as of July 2025: RM663.30 Million MYR
Based on the latest financial reports, Subur Tiasa Holdings Bhd (6904) has net assets worth RM663.30 Million MYR as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.41 Billion) and total liabilities (RM748.15 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 | RM663.30 Million |
| % of Total Assets | 46.99% |
| Annual Growth Rate | -0.06% |
| 5-Year Change | 21.34% |
| 10-Year Change | -3.55% |
| Growth Volatility | 6.2 |
Subur Tiasa Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Subur Tiasa 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 Subur Tiasa Holdings Bhd (2012–2024)
The table below shows the annual net assets of Subur Tiasa Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | RM650.10 Million | +0.15% |
| 2023-07-31 | RM649.11 Million | -2.28% |
| 2022-07-31 | RM664.26 Million | +7.85% |
| 2021-07-31 | RM615.90 Million | +14.95% |
| 2020-07-31 | RM535.78 Million | -3.61% |
| 2019-07-31 | RM555.83 Million | -7.11% |
| 2018-07-31 | RM598.37 Million | -4.65% |
| 2017-07-31 | RM627.55 Million | -3.29% |
| 2016-07-31 | RM648.87 Million | -3.73% |
| 2015-07-31 | RM674.00 Million | -4.53% |
| 2014-07-31 | RM706.00 Million | +6.17% |
| 2013-07-31 | RM665.00 Million | +1.53% |
| 2012-07-31 | RM655.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Subur Tiasa 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 decreased by 8.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM436.33 Million | 67.12% |
| Common Stock | RM268.68 Million | 41.33% |
| Total Equity | RM650.10 Million | 100.00% |
Subur Tiasa Holdings Bhd Competitors by Market Cap
The table below lists competitors of Subur Tiasa Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
onesano S.A.
WAR:ONO
|
$4.88 Million |
|
RealTech AG
XETRA:RTC
|
$4.88 Million |
|
ARB IOT Group Limited Ordinary Shares
NASDAQ:ARBB
|
$4.89 Million |
|
Urgent.ly Inc. Common Stock
NASDAQ:ULY
|
$4.89 Million |
|
3 E Network Technology Group Ltd Class A Ordinary Shares
NASDAQ:MASK
|
$4.88 Million |
|
Wahana Ottomitra Multiartha
JK:WOMF
|
$4.88 Million |
|
BIO PLANET S.A. ZY 1
F:8WS
|
$4.88 Million |
|
Real Heart
ST:HEART
|
$4.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Subur Tiasa Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 649,109,000 to 650,096,000, a change of 987,000 (0.2%).
- Net income of 3,031,000 contributed positively to equity growth.
- Share repurchases of 17,000 reduced equity.
- New share issuances of 17,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM3.03 Million | +0.47% |
| Share Repurchases | RM17.00K | -0.0% |
| Share Issuances | RM17.00K | +0.0% |
| Other Changes | RM-2.04 Million | -0.31% |
| Total Change | RM- | 0.15% |
Book Value vs Market Value Analysis
This analysis compares Subur Tiasa 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: 0.18x
- 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 |
|---|---|---|---|
| 2016-07-31 | RM3.45 | RM0.62 | x |
| 2017-07-31 | RM3.34 | RM0.62 | x |
| 2018-07-31 | RM3.18 | RM0.62 | x |
| 2019-07-31 | RM2.95 | RM0.62 | x |
| 2020-07-31 | RM2.85 | RM0.62 | x |
| 2021-07-31 | RM3.27 | RM0.62 | x |
| 2022-07-31 | RM3.53 | RM0.62 | x |
| 2023-07-31 | RM3.45 | RM0.62 | x |
| 2024-07-31 | RM3.45 | RM0.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Subur Tiasa 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): 0.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.71%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 2.27x
- Recent ROE (0.47%) is above the historical average (-0.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.45% | 0.40% | 0.59x | 1.89x | RM-64.35 Million |
| 2016 | -5.06% | -5.93% | 0.43x | 1.97x | RM-97.75 Million |
| 2017 | -2.67% | -3.40% | 0.37x | 2.10x | RM-79.50 Million |
| 2018 | -3.57% | -6.63% | 0.24x | 2.20x | RM-81.20 Million |
| 2019 | -6.44% | -11.38% | 0.21x | 2.64x | RM-91.38 Million |
| 2020 | -4.68% | -7.60% | 0.23x | 2.65x | RM-78.64 Million |
| 2021 | 11.79% | 11.97% | 0.42x | 2.35x | RM11.02 Million |
| 2022 | 6.98% | 7.92% | 0.38x | 2.29x | RM-20.09 Million |
| 2023 | -2.42% | -3.38% | 0.31x | 2.33x | RM-80.62 Million |
| 2024 | 0.47% | 0.71% | 0.29x | 2.27x | RM-61.98 Million |
Industry Comparison
This section compares Subur Tiasa Holdings Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $202,642,961
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Subur Tiasa Holdings Bhd (6904) | RM663.30 Million | 0.45% | 1.13x | $4.88 Million |
| Kanger International Bhd (0170) | $299.84 Million | -50.54% | 0.06x | $5.15 Million |
| Mieco Chipboard Bhd (5001) | $402.71 Million | 11.91% | 0.49x | $31.77 Million |
| NWP Holdings Bhd (5025) | $50.00 Million | -6.00% | 0.12x | $2.92 Million |
| Annum Bhd (5082) | $47.16 Million | -23.54% | 0.45x | $98.68K |
| HeveaBoard Bhd (5095) | $425.80 Million | 2.19% | 0.19x | $8.08 Million |
| Focus Lumber Bhd (5197) | $116.00 Million | 10.34% | 0.14x | $4.46 Million |
| Minho M Bhd (5576) | $374.87 Million | 0.83% | 0.32x | $7.94 Million |
| Golden Pharos Bhd (5649) | $68.39 Million | -9.79% | 0.48x | $1.69 Million |
| Woodlandor Holdings Bhd (7025) | $39.00 Million | 0.00% | 0.51x | $956.59K |