Subur Tiasa Holdings Bhd Net Assets
Subur Tiasa Holdings Bhd net assets. Based on the latest financial reports, Subur Tiasa Holdings Bhd (6904) has net assets worth RM644.06 Million MYR (≈ $161.70 Million USD) as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.37 Billion ≈ $344.84 Million USD) and total liabilities (RM729.45 Million ≈ $183.14 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. Also explore Subur Tiasa Holdings Bhd annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM644.06 Million |
| % of Total Assets | 46.89% |
| Annual Growth Rate | -0.03% |
| 5-Year Change | 5.98% |
| 10-Year Change | 0.59% |
| Growth Volatility | 5.96 |
Net Assets of Subur Tiasa Holdings Bhd (2012–2025)
Net assets of Subur Tiasa Holdings Bhd from 2012 to 2025. This chart illustrates how Subur Tiasa Holdings Bhd's net assets have evolved over time, based on quarterly financial data. See Subur Tiasa Holdings Bhd net asset quality index to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see 6904 market cap.
| 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 |
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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.
Subur Tiasa Holdings Bhd Net Assets Breakdown (July 2025)
Subur Tiasa Holdings Bhd net assets breakdown by equity component as of 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 |
|---|---|
|
Genoway
PA:ALGEN
|
$29.86 Million |
|
Far East Gold Ltd
AU:FEG
|
$29.86 Million |
|
Dominant Enterprise Bhd
KLSE:7169
|
$29.87 Million |
|
Cantex Mine Development Corp
V:CD
|
$29.87 Million |
|
Berlina Tbk
JK:BRNA
|
$29.83 Million |
|
Lii Hen Industries Bhd
KLSE:7089
|
$29.83 Million |
|
BOS Better Online Solutions
NASDAQ:BOSC
|
$29.82 Million |
|
Partnera Oyj
HE:PARTNE1
|
$29.82 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: 0.18x
- 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 | RM0.63 | x |
| 2017-07-31 | RM3.34 | RM0.63 | x |
| 2018-07-31 | RM3.18 | RM0.63 | x |
| 2019-07-31 | RM2.95 | RM0.63 | x |
| 2020-07-31 | RM2.85 | RM0.63 | x |
| 2021-07-31 | RM3.27 | RM0.63 | x |
| 2022-07-31 | RM3.53 | RM0.63 | x |
| 2023-07-31 | RM3.45 | RM0.63 | x |
| 2024-07-31 | RM3.45 | RM0.63 | x |
| 2025-07-31 | RM3.46 | RM0.63 | 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: $176,999,474
- Average return on equity (ROE) among peers: -8.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Subur Tiasa Holdings Bhd (6904) | RM644.06 Million | 0.45% | 1.13x | $29.84 Million |
| Kanger International Bhd (0170) | $96.56 Million | 10.10% | 0.43x | $2.56 Million |
| Mieco Chipboard Bhd (5001) | $335.00 Million | -1.34% | 0.93x | $164.45 Million |
| NWP Holdings Bhd (5025) | $46.00 Million | -8.70% | 0.15x | $20.78 Million |
| Annum Bhd (5082) | $91.28 Million | -77.51% | 0.34x | $285.59K |
| HeveaBoard Bhd (5095) | $422.13 Million | -0.28% | 0.25x | $14.92 Million |
| Focus Lumber Bhd (5197) | $147.00 Million | 21.77% | 0.08x | $12.07 Million |
| Minho M Bhd (5576) | $344.00 Million | 4.65% | 0.34x | $23.73 Million |
| Golden Pharos Bhd (5649) | $73.00 Million | -4.11% | 0.73x | $5.12 Million |
| Woodlandor Holdings Bhd (7025) | $38.03 Million | -17.11% | 0.28x | $5.27 Million |
About 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. The company operates through Timber, Plantation, and Others segments. Its Timber segment is involved in the extraction and sale of logs; subcontract of tree planting; and manufacture and trade of plywood, veneer, raw and lamina… Read more