Asia File Corporation Bhd
Asia File Corporation Bhd., an investment holding company, manufactures and markets filing and stationery products in Malaysia. It operates in Filing Products; and Industrial, Consumer and Food Ware Products segments. The company offers plastic folders, sheet protectors, flat files, filing/storage boxes, lever arch files, ring/presentation binders, clipboards and clip folders, indexes and divider… Read more
Asia File Corporation Bhd (7129) - Net Assets
Latest net assets as of September 2025: RM732.35 Million MYR
Based on the latest financial reports, Asia File Corporation Bhd (7129) has net assets worth RM732.35 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 (RM786.23 Million) and total liabilities (RM53.88 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 | RM732.35 Million |
| % of Total Assets | 93.15% |
| Annual Growth Rate | 5.42% |
| 5-Year Change | 6.67% |
| 10-Year Change | 39.0% |
| Growth Volatility | 5.27 |
Asia File Corporation Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Asia File Corporation 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 Asia File Corporation Bhd (2013–2025)
The table below shows the annual net assets of Asia File Corporation Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM725.03 Million | -8.54% |
| 2024-03-31 | RM792.69 Million | +5.95% |
| 2023-03-31 | RM748.14 Million | +4.40% |
| 2022-03-31 | RM716.59 Million | +5.43% |
| 2021-03-31 | RM679.66 Million | +8.55% |
| 2020-03-31 | RM626.13 Million | +4.54% |
| 2019-03-31 | RM598.92 Million | +2.29% |
| 2018-03-31 | RM585.51 Million | +5.02% |
| 2017-03-31 | RM557.54 Million | +6.89% |
| 2016-03-31 | RM521.59 Million | +12.65% |
| 2015-03-31 | RM463.00 Million | +6.19% |
| 2014-03-31 | RM436.00 Million | +13.25% |
| 2013-03-31 | RM385.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia File Corporation 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 60.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM507.30 Million | 70.05% |
| Common Stock | RM204.68 Million | 28.26% |
| Other Components | RM12.25 Million | 1.69% |
| Total Equity | RM724.23 Million | 100.00% |
Asia File Corporation Bhd Competitors by Market Cap
The table below lists competitors of Asia File Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
North Shore Uranium Ltd.
V:NSU
|
$10.39 Million |
|
LENTEX B ZY 041
F:0KM
|
$10.39 Million |
|
Evergreen Fibreboard Bhd
KLSE:5101
|
$10.40 Million |
|
Administer Oyj
HE:ADMIN
|
$10.41 Million |
|
Fantasia Holdings Group Co. Limited
F:FT7
|
$10.39 Million |
|
Abeo SAS
PA:ABEO
|
$10.39 Million |
|
SYMPHONY ENVIRONMENTAL
F:XP7
|
$10.38 Million |
|
Titijaya Land Bhd
KLSE:5239
|
$10.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia File Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 791,961,485 to 724,229,000, a change of -67,732,485 (-8.6%).
- Net loss of 43,297,910 reduced equity.
- Dividend payments of 13,571,380 reduced retained earnings.
- Share repurchases of 10,461,200 reduced equity.
- New share issuances of 791,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-43.30 Million | -5.98% |
| Dividends Paid | RM13.57 Million | -1.87% |
| Share Repurchases | RM10.46 Million | -1.44% |
| Share Issuances | RM791.00K | +0.11% |
| Other Changes | RM-1.19 Million | -0.16% |
| Total Change | RM- | -8.55% |
Book Value vs Market Value Analysis
This analysis compares Asia File Corporation 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: 0.35x
- 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 0.46x to 0.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM2.88 | RM1.33 | x |
| 2018-03-31 | RM3.01 | RM1.33 | x |
| 2019-03-31 | RM3.08 | RM1.33 | x |
| 2020-03-31 | RM3.21 | RM1.33 | x |
| 2021-03-31 | RM3.49 | RM1.33 | x |
| 2022-03-31 | RM3.68 | RM1.33 | x |
| 2023-03-31 | RM3.84 | RM1.33 | x |
| 2024-03-31 | RM4.07 | RM1.33 | x |
| 2025-03-31 | RM3.82 | RM1.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia File Corporation 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): -5.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.74%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.07x
- Recent ROE (-5.98%) is below the historical average (6.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 14.67% | 19.62% | 0.62x | 1.21x | RM24.34 Million |
| 2017 | 10.03% | 15.96% | 0.54x | 1.17x | RM166.97K |
| 2018 | 10.10% | 16.81% | 0.52x | 1.15x | RM597.77K |
| 2019 | 7.98% | 14.57% | 0.48x | 1.13x | RM-12.13 Million |
| 2020 | 5.89% | 12.56% | 0.42x | 1.11x | RM-25.75 Million |
| 2021 | 6.86% | 18.06% | 0.34x | 1.13x | RM-21.34 Million |
| 2022 | 6.06% | 13.44% | 0.42x | 1.09x | RM-28.26 Million |
| 2023 | 4.23% | 9.96% | 0.40x | 1.07x | RM-43.18 Million |
| 2024 | 6.58% | 17.70% | 0.34x | 1.08x | RM-27.12 Million |
| 2025 | -5.98% | -15.74% | 0.36x | 1.07x | RM-115.72 Million |
Industry Comparison
This section compares Asia File Corporation Bhd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $537,844,000
- Average return on equity (ROE) among peers: 1.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia File Corporation Bhd (7129) | RM732.35 Million | 14.67% | 0.07x | $10.39 Million |
| IRIS Corporation Bhd (0010) | $537.84 Million | 1.13% | 1.00x | $18.60 Million |