Pasdec Holdings Bhd
Pasdec Holdings Berhad, an investment holding company, engages in property development business in Malaysia. The company operates through four segments, Investment holding, Property Development, Construction, and Others. It also constructs residential and commercial properties; and provides project management, property management, and building and civil construction services. Pasdec Holdings Berh… Read more
Pasdec Holdings Bhd (6912) - Net Assets
Latest net assets as of September 2025: RM364.87 Million MYR
Based on the latest financial reports, Pasdec Holdings Bhd (6912) has net assets worth RM364.87 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM402.68 Million) and total liabilities (RM37.82 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 | RM364.87 Million |
| % of Total Assets | 90.61% |
| Annual Growth Rate | -0.15% |
| 5-Year Change | -2.24% |
| 10-Year Change | 18.81% |
| Growth Volatility | 8.63 |
Pasdec Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Pasdec 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 Pasdec Holdings Bhd (2012–2024)
The table below shows the annual net assets of Pasdec Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM363.57 Million | +0.86% |
| 2023-12-31 | RM360.46 Million | +2.24% |
| 2022-12-31 | RM352.55 Million | -4.32% |
| 2021-12-31 | RM368.46 Million | -0.92% |
| 2020-12-31 | RM371.90 Million | +14.10% |
| 2019-12-31 | RM325.94 Million | -6.26% |
| 2018-12-31 | RM347.71 Million | +6.09% |
| 2017-12-31 | RM327.74 Million | +18.68% |
| 2016-12-31 | RM276.17 Million | -9.75% |
| 2015-12-31 | RM306.00 Million | -8.66% |
| 2014-12-31 | RM335.00 Million | -0.89% |
| 2013-12-31 | RM338.00 Million | -8.65% |
| 2012-12-31 | RM370.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pasdec 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 10.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM30.15 Million | 8.29% |
| Common Stock | RM333.41 Million | 91.71% |
| Total Equity | RM363.57 Million | 100.00% |
Pasdec Holdings Bhd Competitors by Market Cap
The table below lists competitors of Pasdec Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tongda Group Holdings Limited
F:TJC
|
$2.29 Million |
|
AXMIN Inc
PINK:AXMIF
|
$2.29 Million |
|
Alliance Entertainment Holding Corporation Warrants
NASDAQ:AENTW
|
$2.29 Million |
|
Bohra Industries Limited
NSE:BOHRAIND
|
$2.29 Million |
|
Adgar Investments and Development Ltd
TA:ADGR
|
$2.29 Million |
|
Natus Medical Incorporated
F:NM4
|
$2.29 Million |
|
UV GERMI S.A. EO -15
F:1NY
|
$2.29 Million |
|
MANTLE MINERALS
F:MXB0
|
$2.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pasdec Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 360,455,400 to 363,566,510, a change of 3,111,110 (0.9%).
- Net income of 7,071,980 contributed positively to equity growth.
- Dividend payments of 4,003,690 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.07 Million | +1.95% |
| Dividends Paid | RM4.00 Million | -1.1% |
| Other Changes | RM42.82K | +0.01% |
| Total Change | RM- | 0.86% |
Book Value vs Market Value Analysis
This analysis compares Pasdec 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: 0.30x
- 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 |
|---|---|---|---|
| 2016-12-31 | RM1.28 | RM0.27 | x |
| 2017-12-31 | RM0.82 | RM0.27 | x |
| 2018-12-31 | RM0.87 | RM0.27 | x |
| 2019-12-31 | RM0.81 | RM0.27 | x |
| 2020-12-31 | RM0.93 | RM0.27 | x |
| 2021-12-31 | RM0.92 | RM0.27 | x |
| 2022-12-31 | RM0.88 | RM0.27 | x |
| 2023-12-31 | RM0.90 | RM0.27 | x |
| 2024-12-31 | RM0.91 | RM0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pasdec 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): 1.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.99%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.10x
- Recent ROE (1.95%) is above the historical average (-0.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -8.24% | -18.53% | 0.25x | 1.80x | RM-50.37 Million |
| 2017 | 1.79% | 5.23% | 0.19x | 1.76x | RM-26.90 Million |
| 2018 | -5.73% | -34.84% | 0.10x | 1.58x | RM-54.69 Million |
| 2019 | -8.44% | -86.82% | 0.06x | 1.55x | RM-60.10 Million |
| 2020 | 13.69% | 113.19% | 0.10x | 1.17x | RM13.72 Million |
| 2021 | -0.77% | -7.18% | 0.10x | 1.13x | RM-39.70 Million |
| 2022 | -4.47% | -72.54% | 0.06x | 1.11x | RM-51.02 Million |
| 2023 | 2.04% | 20.16% | 0.10x | 1.05x | RM-28.70 Million |
| 2024 | 1.95% | 23.99% | 0.07x | 1.10x | RM-29.28 Million |
Industry Comparison
This section compares Pasdec Holdings Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pasdec Holdings Bhd (6912) | RM364.87 Million | -8.24% | 0.10x | $2.29 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |