Destini Bhd (7212) - Net Assets
Based on the latest financial reports, Destini Bhd (7212) has net assets worth RM147.57 Million MYR (≈ $37.05 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 (RM370.95 Million ≈ $93.13 Million USD) and total liabilities (RM223.38 Million ≈ $56.08 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. See net asset quality index of Destini Bhd to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM147.57 Million |
| % of Total Assets | 39.78% |
| Annual Growth Rate | 8.52% |
| 5-Year Change | -8.4% |
| 10-Year Change | -69.34% |
| Growth Volatility | 51.86 |
Destini Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Destini Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Destini Bhd equity growth rate to track the company's year-over-year net asset growth rate.
Annual Net Assets for Destini Bhd (2012–2025)
The table below shows the annual net assets of Destini Bhd from 2012 to 2025. For live market cap and overall valuation, see market value of Destini Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM147.57 Million ≈ $37.05 Million |
+7.69% |
| 2024-12-31 | RM137.03 Million ≈ $34.40 Million |
+12.69% |
| 2023-12-31 | RM121.60 Million ≈ $30.53 Million |
-3.56% |
| 2022-12-31 | RM126.08 Million ≈ $31.65 Million |
-21.74% |
| 2021-12-31 | RM161.10 Million ≈ $40.45 Million |
+21.63% |
| 2020-12-31 | RM132.45 Million ≈ $33.25 Million |
-48.60% |
| 2019-12-31 | RM257.70 Million ≈ $64.70 Million |
-49.17% |
| 2018-12-31 | RM507.02 Million ≈ $127.30 Million |
-0.22% |
| 2017-12-31 | RM508.15 Million ≈ $127.58 Million |
+5.56% |
| 2016-12-31 | RM481.38 Million ≈ $120.86 Million |
+37.15% |
| 2015-12-31 | RM351.00 Million ≈ $88.12 Million |
+37.11% |
| 2014-12-31 | RM256.00 Million ≈ $64.27 Million |
+130.63% |
| 2013-12-31 | RM111.00 Million ≈ $27.87 Million |
+117.65% |
| 2012-12-31 | RM51.00 Million ≈ $12.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Destini 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 986.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM592.66 Million | 422.14% |
| Total Equity | RM140.40 Million | 100.00% |
Destini Bhd Competitors by Market Cap
The table below lists competitors of Destini Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ashley Services Group Ltd
AU:ASH
|
$31.01 Million |
|
Symphony Life Bhd
KLSE:1538
|
$31.03 Million |
|
Future Battery Minerals Ltd
AU:FBM
|
$31.03 Million |
|
NextCure Inc
NASDAQ:NXTC
|
$31.03 Million |
|
S. Khonkaen Foods Public Company Limited
BK:SORKON
|
$31.00 Million |
|
Union Corporation
KO:000910
|
$31.00 Million |
|
Latrobe Magnesium Ltd
AU:LMG
|
$31.00 Million |
|
Binh Duong Trade and Development JSC
VN:TDC
|
$30.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Destini Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 137,028,990 to 140,395,000, a change of 3,366,010 (2.5%).
- Net income of 4,516,000 contributed positively to equity growth.
- Dividend payments of 2,745,000 reduced retained earnings.
- Other factors increased equity by 1,595,010.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM4.52 Million | +3.22% |
| Dividends Paid | RM2.75 Million | -1.96% |
| Other Changes | RM1.60 Million | +1.14% |
| Total Change | RM- | 2.46% |
Book Value vs Market Value Analysis
This analysis compares Destini 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: 0.88x
- 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 increased from 0.54x to 0.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.42 | RM0.23 | x |
| 2017-12-31 | RM0.44 | RM0.23 | x |
| 2018-12-31 | RM0.44 | RM0.23 | x |
| 2019-12-31 | RM0.22 | RM0.23 | x |
| 2020-12-31 | RM0.09 | RM0.23 | x |
| 2021-12-31 | RM0.10 | RM0.23 | x |
| 2022-12-31 | RM0.08 | RM0.23 | x |
| 2023-12-31 | RM0.24 | RM0.23 | x |
| 2024-12-31 | RM0.25 | RM0.23 | x |
| 2025-12-31 | RM0.26 | RM0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Destini 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): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.47%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 2.64x
- Recent ROE (3.22%) is above the historical average (-30.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 5.99% | 7.78% | 0.54x | 1.42x | RM-14.07 Million |
| 2016 | 6.86% | 9.31% | 0.52x | 1.42x | RM-15.11 Million |
| 2017 | 5.68% | 4.22% | 0.81x | 1.66x | RM-21.96 Million |
| 2018 | 0.35% | 0.42% | 0.53x | 1.57x | RM-48.93 Million |
| 2019 | -96.17% | -83.24% | 0.51x | 2.27x | RM-273.59 Million |
| 2020 | -143.94% | -100.27% | 0.36x | 3.97x | RM-203.89 Million |
| 2021 | 1.87% | 1.73% | 0.39x | 2.77x | RM-13.10 Million |
| 2022 | -23.92% | -16.20% | 0.66x | 2.23x | RM-42.76 Million |
| 2023 | -109.77% | -83.77% | 0.61x | 2.16x | RM-145.63 Million |
| 2024 | 19.14% | 7.67% | 0.92x | 2.72x | RM12.53 Million |
| 2025 | 3.22% | 1.47% | 0.83x | 2.64x | RM-9.52 Million |
Industry Comparison
This section compares Destini Bhd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $288,225,224
- Average return on equity (ROE) among peers: -10.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Destini Bhd (7212) | RM147.57 Million | 5.99% | 1.51x | $31.01 Million |
| TAS Offshore Bhd (5149) | $160.18 Million | 0.49% | 2.40x | $19.07 Million |
| Boustead Heavy Industries (8133) | $232.62 Million | -46.57% | 1.50x | $2.82 Million |
| Sam Engineering Equipment (9822) | $471.88 Million | 13.33% | 0.43x | $727.47 Million |
About Destini Bhd
Destini Berhad, an investment holding company, provides engineering solutions worldwide. It operates through Aviation Defense; Marine Services and Construction; Mobility; and Energy segments. The company provides maintenance, repair, and overhaul (MRO) services for the airbone and non-airbone assets and civil airline aircraft, including fixed and rotary winged aircraft; supplies safety and surviv… Read more