Asia File Corporation Bhd Net Assets
Asia File Corporation Bhd net assets. Based on the latest financial reports, Asia File Corporation Bhd (7129) has net assets worth RM729.19 Million MYR (≈ $183.08 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM778.75 Million ≈ $195.52 Million USD) and total liabilities (RM49.55 Million ≈ $12.44 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 Asia File Corporation Bhd net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM729.19 Million |
| % of Total Assets | 93.64% |
| Annual Growth Rate | 4.91% |
| 5-Year Change | 0.14% |
| 10-Year Change | 28.7% |
| Growth Volatility | 5.35 |
Net Assets of Asia File Corporation Bhd (2013–2026)
Net assets of Asia File Corporation Bhd from 2013 to 2026. This chart illustrates how Asia File Corporation Bhd's net assets have evolved over time, based on quarterly financial data. See 7129 equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Asia File Corporation Bhd (2013–2026)
The table below shows the annual net assets of Asia File Corporation Bhd from 2013 to 2026. For live market cap and overall valuation, see market cap of Asia File Corporation Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | RM717.57 Million ≈ $180.16 Million |
-1.03% |
| 2025-03-31 | RM725.03 Million ≈ $182.03 Million |
-8.54% |
| 2024-03-31 | RM792.69 Million ≈ $199.02 Million |
+5.95% |
| 2023-03-31 | RM748.14 Million ≈ $187.83 Million |
+4.40% |
| 2022-03-31 | RM716.59 Million ≈ $179.91 Million |
+5.43% |
| 2021-03-31 | RM679.66 Million ≈ $170.64 Million |
+8.55% |
| 2020-03-31 | RM626.13 Million ≈ $157.20 Million |
+4.54% |
| 2019-03-31 | RM598.92 Million ≈ $150.37 Million |
+2.29% |
| 2018-03-31 | RM585.51 Million ≈ $147.00 Million |
+5.02% |
| 2017-03-31 | RM557.54 Million ≈ $139.98 Million |
+6.89% |
| 2016-03-31 | RM521.59 Million ≈ $130.95 Million |
+12.65% |
| 2015-03-31 | RM463.00 Million ≈ $116.24 Million |
+6.19% |
| 2014-03-31 | RM436.00 Million ≈ $109.47 Million |
+13.25% |
| 2013-03-31 | RM385.00 Million ≈ $96.66 Million |
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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 60.6% over the analyzed period, indicating profitable operations and earnings retention.
Asia File Corporation Bhd Net Assets Breakdown (March 2026)
Asia File Corporation Bhd net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM508.73 Million | 70.98% |
| Other Components | RM208.03 Million | 29.02% |
| Total Equity | RM716.76 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 |
|---|---|
|
Westlin Corporation
NASDAQ:WSTN
|
$61.81 Million |
|
Mangold Fondkommission AB
ST:MANG
|
$61.82 Million |
|
Aminologics Co.Ltd
KQ:074430
|
$61.83 Million |
|
Sunsuria Bhd
KLSE:3743
|
$61.86 Million |
|
PUBLIC POLICY HO.COM 144A
F:PD7
|
$61.79 Million |
|
Daehan Green Power Corporation
KQ:060900
|
$61.77 Million |
|
Kredyt Inkaso SA
WAR:KRI
|
$61.76 Million |
|
Identiv Inc
NASDAQ:INVE
|
$61.76 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 2025 to 2026, total equity changed from 724,229,000 to 716,759,604, a change of -7,469,396 (-1.0%).
- Net income of 4,839,502 contributed positively to equity growth.
- Dividend payments of 3,787,151 reduced retained earnings.
- Other factors decreased equity by 8,521,747.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM4.84 Million | +0.68% |
| Dividends Paid | RM3.79 Million | -0.53% |
| Other Changes | RM-8.52 Million | -1.19% |
| Total Change | RM- | -1.03% |
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: 0.34x
- 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 0.45x to 0.34x 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 | RM1.30 | x |
| 2018-03-31 | RM3.01 | RM1.30 | x |
| 2019-03-31 | RM3.08 | RM1.30 | x |
| 2020-03-31 | RM3.21 | RM1.30 | x |
| 2021-03-31 | RM3.49 | RM1.30 | x |
| 2022-03-31 | RM3.68 | RM1.30 | x |
| 2023-03-31 | RM3.84 | RM1.30 | x |
| 2024-03-31 | RM4.07 | RM1.30 | x |
| 2025-03-31 | RM3.82 | RM1.30 | x |
| 2026-03-31 | RM3.79 | RM1.30 | 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): 0.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.03%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.07x
- Recent ROE (0.68%) is below the historical average (6.10%), 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 |
| 2026 | 0.68% | 2.03% | 0.31x | 1.07x | RM-66.84 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: $229,930,468
- Average return on equity (ROE) among peers: 2.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia File Corporation Bhd (7129) | RM729.19 Million | 14.67% | 0.07x | $61.80 Million |
| IRIS Corporation Bhd (0010) | $229.93 Million | 2.07% | 1.36x | $40.96 Million |
About Asia File Corporation Bhd
Asia File Corporation Bhd., an investment holding company, engages in the manufacturing and distribution of filing products in Malaysia, rest of Asia, Europe, the United States, and internationally. It operates in two segments, Filing Products; and Industrial, Consumer, and Food ware Products. The company offers plastic folders, sheet protectors, flat files, filing/storage boxes, lever arch files… Read more