Handal Resources Bhd
Handal Energy Berhad, an investment holding company, primarily provides integrated crane and pipeline isolation services to the oil and gas industry in Malaysia. It operates through Integrated, Maintenance, Repair, and Overhaul Services; Pipeline Engineering; Trading and Project; and Other segments. The company offers and overhaul and maintenance offshore pedestal cranes services; manufactures an… Read more
Handal Resources Bhd (7253) - Net Assets
Latest net assets as of September 2025: RM34.43 Million MYR
Based on the latest financial reports, Handal Resources Bhd (7253) has net assets worth RM34.43 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 (RM129.22 Million) and total liabilities (RM94.79 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 | RM34.43 Million |
| % of Total Assets | 26.64% |
| Annual Growth Rate | -13.33% |
| 5-Year Change | -76.55% |
| 10-Year Change | -84.33% |
| Growth Volatility | 19.62 |
Handal Resources Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Handal Resources 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 Handal Resources Bhd (2012–2024)
The table below shows the annual net assets of Handal Resources Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM17.61 Million | +12.63% |
| 2023-12-31 | RM15.64 Million | -57.59% |
| 2022-12-31 | RM36.88 Million | -29.97% |
| 2021-12-31 | RM52.66 Million | -29.90% |
| 2020-12-31 | RM75.12 Million | -4.34% |
| 2019-12-31 | RM78.53 Million | +2.00% |
| 2018-12-31 | RM76.99 Million | -21.58% |
| 2017-12-31 | RM98.17 Million | -0.63% |
| 2016-12-31 | RM98.80 Million | -12.09% |
| 2015-12-31 | RM112.39 Million | +6.03% |
| 2014-12-31 | RM106.00 Million | +4.95% |
| 2013-12-31 | RM101.00 Million | +3.06% |
| 2012-12-31 | RM98.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Handal Resources 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 175.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM35.72 Million | 202.79% |
| Total Equity | RM17.61 Million | 100.00% |
Handal Resources Bhd Competitors by Market Cap
The table below lists competitors of Handal Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIRST SOLAR
BE:F3A
|
$2.19 Million |
|
YKGI Holdings Bhd
KLSE:7020
|
$2.19 Million |
|
Xox Networks Bhd
KLSE:0140
|
$2.19 Million |
|
M3 Metals Corp
OTCQB:MLGCF
|
$2.19 Million |
|
Image Systems AB
ST:IS
|
$2.19 Million |
|
Guard Therapeutics International AB
ST:GUARD
|
$2.19 Million |
|
WESTERN DIGITAL
MU:WDC
|
$2.19 Million |
|
Power REIT
NYSE MKT:PW
|
$2.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Handal Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,638,790 to 17,614,000, a change of 1,975,210 (12.6%).
- Net loss of 6,617,000 reduced equity.
- Other factors increased equity by 8,592,210.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-6.62 Million | -37.57% |
| Other Changes | RM8.59 Million | +48.78% |
| Total Change | RM- | 12.63% |
Book Value vs Market Value Analysis
This analysis compares Handal Resources 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: 0.82x
- 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 0.05x to 0.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | RM0.70 | RM0.04 | x |
| 2016-12-31 | RM0.62 | RM0.04 | x |
| 2017-12-31 | RM0.61 | RM0.04 | x |
| 2018-12-31 | RM0.44 | RM0.04 | x |
| 2019-12-31 | RM0.36 | RM0.04 | x |
| 2020-12-31 | RM0.33 | RM0.04 | x |
| 2021-12-31 | RM0.23 | RM0.04 | x |
| 2022-12-31 | RM0.15 | RM0.04 | x |
| 2023-12-31 | RM0.04 | RM0.04 | x |
| 2024-12-31 | RM0.04 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Handal Resources 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): -37.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -84.76%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 6.46x
- Recent ROE (-37.57%) is below the historical average (-22.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 5.61% | 4.88% | 0.72x | 1.59x | RM-4.69 Million |
| 2015 | 4.94% | 4.85% | 0.65x | 1.57x | RM-5.68 Million |
| 2016 | -13.69% | -16.27% | 0.61x | 1.39x | RM-23.41 Million |
| 2017 | -3.26% | -5.43% | 0.43x | 1.38x | RM-13.02 Million |
| 2018 | -33.98% | -32.84% | 0.78x | 1.32x | RM-33.86 Million |
| 2019 | -29.69% | -23.51% | 0.76x | 1.66x | RM-31.16 Million |
| 2020 | -4.15% | -4.42% | 0.55x | 1.70x | RM-10.63 Million |
| 2021 | -55.47% | -96.19% | 0.29x | 1.96x | RM-34.47 Million |
| 2022 | -95.55% | -66.69% | 0.58x | 2.46x | RM-38.92 Million |
| 2023 | 20.44% | 14.37% | 0.24x | 5.87x | RM1.63 Million |
| 2024 | -37.57% | -84.76% | 0.07x | 6.46x | RM-8.38 Million |
Industry Comparison
This section compares Handal Resources Bhd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $580,118,830
- Average return on equity (ROE) among peers: -9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Handal Resources Bhd (7253) | RM34.43 Million | 5.61% | 2.75x | $2.19 Million |
| Reservoir Link Energy Bhd (0219) | $21.17 Million | 15.37% | 0.78x | $9.11 Million |
| Ocean Vantage Holdings Bhd (0220) | $49.81 Million | 14.69% | 0.16x | $6.73 Million |
| Coastal Contracts Bhd (5071) | $1.09 Billion | -9.67% | 0.43x | $42.02 Million |
| Marine & General Bhd (5078) | $41.82 Million | -118.68% | 21.95x | $26.88 Million |
| Alam Maritim Resources Bhd (5115) | $-87.52 Million | 0.00% | 0.00x | $14.09 Million |
| Deleum Bhd (5132) | $358.25 Million | 4.76% | 0.70x | $34.93 Million |
| Petra Energy Bhd (5133) | $547.00 Million | 8.59% | 1.02x | $14.09 Million |
| Dayang Enterprise Holdings Bhd (5141) | $372.71 Million | 18.17% | 0.47x | $274.52 Million |
| Wah Seong Corporation Bhd (5142) | $775.89 Million | -29.42% | 2.36x | $84.25 Million |
| Malaysia Marine and Heavy Engineering Holdings Bhd (5186) | $2.64 Billion | 4.93% | 0.69x | $28.06 Million |