Able Global Bhd (7167) - Net Assets
Based on the latest financial reports, Able Global Bhd (7167) has net assets worth RM520.85 Million MYR (≈ $130.77 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM780.02 Million ≈ $195.84 Million USD) and total liabilities (RM259.17 Million ≈ $65.07 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 Able Global Bhd (7167) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM520.85 Million |
| % of Total Assets | 66.77% |
| Annual Growth Rate | 9.93% |
| 5-Year Change | 35.57% |
| 10-Year Change | 151.41% |
| Growth Volatility | 6.49 |
Able Global Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Able Global Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Able Global Bhd total assets for the complete picture of this company's asset base.
Annual Net Assets for Able Global Bhd (2012–2024)
The table below shows the annual net assets of Able Global Bhd from 2012 to 2024. For live valuation and market cap data, see Able Global Bhd (7167) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM482.71 Million ≈ $121.19 Million |
+9.08% |
| 2023-12-31 | RM442.51 Million ≈ $111.10 Million |
+9.86% |
| 2022-12-31 | RM402.81 Million ≈ $101.13 Million |
+5.78% |
| 2021-12-31 | RM380.79 Million ≈ $95.60 Million |
+6.95% |
| 2020-12-31 | RM356.06 Million ≈ $89.39 Million |
+4.61% |
| 2019-12-31 | RM340.36 Million ≈ $85.45 Million |
+8.27% |
| 2018-12-31 | RM314.35 Million ≈ $78.92 Million |
+8.38% |
| 2017-12-31 | RM290.06 Million ≈ $72.82 Million |
+29.13% |
| 2016-12-31 | RM224.62 Million ≈ $56.40 Million |
+16.99% |
| 2015-12-31 | RM192.00 Million ≈ $48.20 Million |
+6.67% |
| 2014-12-31 | RM180.00 Million ≈ $45.19 Million |
+5.88% |
| 2013-12-31 | RM170.00 Million ≈ $42.68 Million |
+9.68% |
| 2012-12-31 | RM155.00 Million ≈ $38.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Able Global 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 237.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM307.47 Million | 64.05% |
| Common Stock | RM176.82 Million | 36.83% |
| Total Equity | RM480.04 Million | 100.00% |
Able Global Bhd Competitors by Market Cap
The table below lists competitors of Able Global Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wielton S.A.
WAR:WLT
|
$115.86 Million |
|
John Hancock Investors Closed Fund
NYSE:JHI
|
$115.87 Million |
|
Molson Coors Beverage Company
NYSE:TAP-A
|
$115.90 Million |
|
Panram International
TWO:8088
|
$115.93 Million |
|
Jindal Poly Investment and Finance Company Limited
NSE:JPOLYINVST
|
$115.81 Million |
|
Payton Planar Magnetics Ltd
BR:PAY
|
$115.74 Million |
|
Builddirect.com Tehcnologies Inc
V:BILD
|
$115.65 Million |
|
GCL NEW ENERGY HD-0832
F:TJI
|
$115.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Able Global Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 440,620,510 to 480,041,000, a change of 39,420,490 (8.9%).
- Net income of 68,988,000 contributed positively to equity growth.
- Dividend payments of 24,605,000 reduced retained earnings.
- Other comprehensive income decreased equity by 5,321,770.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM68.99 Million | +14.37% |
| Dividends Paid | RM24.61 Million | -5.13% |
| Other Comprehensive Income | RM-5.32 Million | -1.11% |
| Other Changes | RM359.26K | +0.07% |
| Total Change | RM- | 8.95% |
Book Value vs Market Value Analysis
This analysis compares Able Global 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: 0.96x
- 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 1.66x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.90 | RM1.50 | x |
| 2017-12-31 | RM0.93 | RM1.50 | x |
| 2018-12-31 | RM1.01 | RM1.50 | x |
| 2019-12-31 | RM1.10 | RM1.50 | x |
| 2020-12-31 | RM1.16 | RM1.50 | x |
| 2021-12-31 | RM1.23 | RM1.50 | x |
| 2022-12-31 | RM1.30 | RM1.50 | x |
| 2023-12-31 | RM1.43 | RM1.50 | x |
| 2024-12-31 | RM1.56 | RM1.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Able Global 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): 14.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.46%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.74x
- Recent ROE (14.37%) is above the historical average (11.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 8.72% | 4.08% | 1.14x | 1.88x | RM-2.49 Million |
| 2016 | 15.85% | 8.07% | 1.27x | 1.55x | RM13.13 Million |
| 2017 | 8.84% | 5.41% | 1.20x | 1.36x | RM-3.35 Million |
| 2018 | 11.52% | 7.23% | 1.13x | 1.41x | RM4.79 Million |
| 2019 | 13.95% | 8.19% | 1.28x | 1.33x | RM13.45 Million |
| 2020 | 11.09% | 7.86% | 1.07x | 1.32x | RM3.88 Million |
| 2021 | 9.72% | 7.38% | 0.94x | 1.40x | RM-1.05 Million |
| 2022 | 8.32% | 6.07% | 0.76x | 1.80x | RM-6.75 Million |
| 2023 | 11.77% | 8.00% | 0.81x | 1.82x | RM7.80 Million |
| 2024 | 14.37% | 9.46% | 0.87x | 1.74x | RM20.98 Million |
Industry Comparison
This section compares Able Global Bhd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,499,888,555
- Average return on equity (ROE) among peers: 9.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Able Global Bhd (7167) | RM520.85 Million | 8.72% | 0.50x | $115.83 Million |
| Three A Resources Bhd (0012) | $279.44 Million | 13.93% | 0.22x | $86.02 Million |
| Sunzen Biotech Bhd (0148) | $99.45 Million | 3.49% | 0.20x | $45.14 Million |
| Bioalpha Holdings Bhd (0179) | $165.55 Million | 5.02% | 0.17x | $5.30 Million |
| Nova Wellness Group Bhd (0201) | $109.78 Million | 7.17% | 0.09x | $26.41 Million |
| SDS Group Bhd (0212) | $64.60 Million | 6.31% | 1.26x | $59.23 Million |
| PTRB (0260) | $203.52 Million | 26.03% | 0.72x | $36.27 Million |
| MYMBN Berhad (0280) | $27.12 Million | -19.79% | 0.32x | $9.21 Million |
| SBH Marine Holdings Berhad (0300) | $77.33 Million | 10.74% | 0.33x | $32.33 Million |
| OB Holdings Berhad (0327) | $20.10 Million | 23.44% | 0.52x | $21.14 Million |
| IOI Corporation Bhd (1961) | $13.95 Billion | 14.12% | 0.71x | $6.38 Billion |
About Able Global Bhd
Able Global Berhad, an investment holding company, manufactures and sells tin cans and dairy products in Africa, Asia, Central America, North America, South America, Mexico, Malaysia, and internationally. It operates Tin Cans Manufacturing, Food and Beverage (F&B), and Property Development segments. The Tin Cans Manufacturing segment is involved in the manufacture of various tins, cans, and other… Read more