Subur Tiasa Holdings Bhd (6904) - Net Assets

Latest as of October 2025: RM652.70 Million MYR ≈ $163.87 Million USD

Based on the latest financial reports, Subur Tiasa Holdings Bhd (6904) has net assets worth RM652.70 Million MYR (≈ $163.87 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.38 Billion ≈ $346.90 Million USD) and total liabilities (RM729.00 Million ≈ $183.03 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 6904 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets RM652.70 Million
% of Total Assets 47.24%
Annual Growth Rate -0.03%
5-Year Change 5.98%
10-Year Change 0.59%
Growth Volatility 5.96

Subur Tiasa Holdings Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Subur Tiasa Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 6904 asset base for the complete picture of this company's asset base.

Annual Net Assets for Subur Tiasa Holdings Bhd (2012–2025)

The table below shows the annual net assets of Subur Tiasa Holdings Bhd from 2012 to 2025. For live valuation and market cap data, see market value of Subur Tiasa Holdings Bhd.

Year Net Assets Change
2025-07-31 RM652.70 Million
≈ $163.87 Million		 +0.40%
2024-07-31 RM650.10 Million
≈ $163.22 Million		 +0.15%
2023-07-31 RM649.11 Million
≈ $162.97 Million		 -2.28%
2022-07-31 RM664.26 Million
≈ $166.77 Million		 +7.85%
2021-07-31 RM615.90 Million
≈ $154.63 Million		 +14.95%
2020-07-31 RM535.78 Million
≈ $134.52 Million		 -3.61%
2019-07-31 RM555.83 Million
≈ $139.55 Million		 -7.11%
2018-07-31 RM598.37 Million
≈ $150.23 Million		 -4.65%
2017-07-31 RM627.55 Million
≈ $157.56 Million		 -3.29%
2016-07-31 RM648.87 Million
≈ $162.91 Million		 -3.73%
2015-07-31 RM674.00 Million
≈ $169.22 Million		 -4.53%
2014-07-31 RM706.00 Million
≈ $177.25 Million		 +6.17%
2013-07-31 RM665.00 Million
≈ $166.96 Million		 +1.53%
2012-07-31 RM655.00 Million
≈ $164.45 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 8.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (July 2025)

Component Amount Percentage
Retained Earnings RM438.93 Million 67.25%
Common Stock RM268.68 Million 41.16%
Total Equity RM652.70 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
Offerpad Solutions Inc
NYSE:OPAD
 $31.70 Million
FSBM Holdings Bhd
KLSE:9377
 $31.71 Million
Touchstone Exploration Inc
TO:TXP
 $31.71 Million
Formetal Co. Ltd
KQ:119500
 $31.71 Million
Exxaro Tiles Limited
NSE:EXXARO
 $31.69 Million
Fridenson
TA:FRDN
 $31.67 Million
Wayi International Digital Entertainment Co
TWO:3086
 $31.66 Million
CNTus Sungjin Co. Ltd.
KQ:352700
 $31.64 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 2024 to 2025, total equity changed from 650,096,000 to 652,698,000, a change of 2,602,000 (0.4%).
  • Net income of 3,329,000 contributed positively to equity growth.
  • Share repurchases of 3,000 reduced equity.
  • New share issuances of 3,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income RM3.33 Million +0.51%
Share Repurchases RM3.00K -0.0%
Share Issuances RM3.00K +0.0%
Other Changes RM-727.00K -0.11%
Total Change RM- 0.40%

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: 0.19x
  • 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 RM0.67 x
2017-07-31 RM3.34 RM0.67 x
2018-07-31 RM3.18 RM0.67 x
2019-07-31 RM2.95 RM0.67 x
2020-07-31 RM2.85 RM0.67 x
2021-07-31 RM3.27 RM0.67 x
2022-07-31 RM3.53 RM0.67 x
2023-07-31 RM3.45 RM0.67 x
2024-07-31 RM3.45 RM0.67 x
2025-07-31 RM3.46 RM0.67 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): 0.51%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.98%
  • • Asset Turnover: 0.25x
  • • Equity Multiplier: 2.12x
  • Recent ROE (0.51%) is above the historical average (-0.42%), 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
2025 0.51% 0.98% 0.25x 2.12x RM-61.94 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: $180,912,580
  • Average return on equity (ROE) among peers: -9.31%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Subur Tiasa Holdings Bhd (6904) RM652.70 Million 0.45% 1.12x $31.70 Million
Kanger International Bhd (0170) $299.84 Million -50.54% 0.06x $6.98 Million
Mieco Chipboard Bhd (5001) $335.00 Million -1.34% 0.93x $164.45 Million
NWP Holdings Bhd (5025) $25.30 Million -30.52% 0.97x $22.38 Million
Annum Bhd (5082) $80.00 Million -20.00% 0.25x $285.59K
HeveaBoard Bhd (5095) $271.00 Million 11.07% 0.52x $19.89 Million
Focus Lumber Bhd (5197) $171.49 Million 6.83% 0.08x $11.52 Million
Minho M Bhd (5576) $326.00 Million 3.99% 0.41x $22.39 Million
Golden Pharos Bhd (5649) $74.45 Million -7.46% 0.51x $8.84 Million
Woodlandor Holdings Bhd (7025) $45.14 Million 4.17% 0.29x $6.13 Million

About Subur Tiasa Holdings Bhd

KLSE:6904 Malaysia Lumber & Wood Production
Market Cap
$31.70 Million
RM126.27 Million MYR
Market Cap Rank
#23612 Global
#580 in Malaysia
Share Price
RM0.67
Change (1 day)
-6.29%
52-Week Range
RM0.57 - RM0.72
All Time High
RM2.42
Categories
Companies in Malaysia Lumber & Wood Production
About

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