Ajiya Bhd
Ajiya Berhad, an investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand. The company operates through Metal and Glass divisions. It offers metal roofing systems, metal frame products, structural products, roof tile effect products, architectural products, light-weight channel products, and green integrated building systems. The compan… Read more
Ajiya Bhd (7609) - Net Assets
Latest net assets as of November 2025: RM656.53 Million MYR
Based on the latest financial reports, Ajiya Bhd (7609) has net assets worth RM656.53 Million MYR as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM736.51 Million) and total liabilities (RM79.98 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 | RM656.53 Million |
| % of Total Assets | 89.14% |
| Annual Growth Rate | 6.78% |
| 5-Year Change | 78.85% |
| 10-Year Change | 103.75% |
| Growth Volatility | 12.47 |
Ajiya Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Ajiya 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 Ajiya Bhd (2012–2025)
The table below shows the annual net assets of Ajiya Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | RM656.53 Million | -2.41% |
| 2024-11-30 | RM672.75 Million | +39.93% |
| 2023-11-30 | RM480.79 Million | +20.80% |
| 2022-11-30 | RM398.02 Million | +8.43% |
| 2021-11-30 | RM367.08 Million | +3.39% |
| 2020-11-30 | RM355.05 Million | +0.96% |
| 2019-11-30 | RM351.66 Million | +2.46% |
| 2018-11-30 | RM343.20 Million | +4.21% |
| 2017-11-30 | RM329.35 Million | +2.21% |
| 2016-11-30 | RM322.23 Million | -14.30% |
| 2015-11-30 | RM376.00 Million | +17.13% |
| 2014-11-30 | RM321.00 Million | +6.29% |
| 2013-11-30 | RM302.00 Million | +7.86% |
| 2012-11-30 | RM280.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ajiya 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 143.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM530.25 Million | 82.13% |
| Other Components | RM115.39 Million | 17.87% |
| Total Equity | RM645.64 Million | 100.00% |
Ajiya Bhd Competitors by Market Cap
The table below lists competitors of Ajiya Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lung Hwa Electronics Co Ltd
TW:2424
|
$12.91 Million |
|
Opus One Resources Inc
V:OOR
|
$12.91 Million |
|
Vishnu Prakash R Punglia Limited
NSE:VPRPL
|
$12.92 Million |
|
Artemis Hali As
IS:ARTMS
|
$12.92 Million |
|
GreenTree Hospitality Group Ltd
NYSE:GHG
|
$12.90 Million |
|
Aurora Spine Corporation
OTCQB:ASAPF
|
$12.90 Million |
|
Firetrade Engineering PCL
BK:FTE
|
$12.90 Million |
|
Moksh Ornaments Limited
NSE:MOKSH
|
$12.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ajiya Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 672,754,040 to 645,636,000, a change of -27,118,040 (-4.0%).
- Net income of 37,564,000 contributed positively to equity growth.
- Share repurchases of 63,969,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM37.56 Million | +5.82% |
| Share Repurchases | RM63.97 Million | -9.91% |
| Other Changes | RM-713.04K | -0.11% |
| Total Change | RM- | -4.03% |
Book Value vs Market Value Analysis
This analysis compares Ajiya 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: 0.87x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-11-30 | RM1.06 | RM1.03 | x |
| 2017-11-30 | RM1.08 | RM1.03 | x |
| 2018-11-30 | RM1.15 | RM1.03 | x |
| 2019-11-30 | RM1.18 | RM1.03 | x |
| 2020-11-30 | RM1.19 | RM1.03 | x |
| 2021-11-30 | RM1.26 | RM1.03 | x |
| 2022-11-30 | RM1.39 | RM1.03 | x |
| 2023-11-30 | RM0.81 | RM1.03 | x |
| 2024-11-30 | RM1.10 | RM1.03 | x |
| 2025-11-30 | RM1.18 | RM1.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ajiya 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): 5.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.26%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.14x
- Recent ROE (5.82%) is above the historical average (5.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.50% | 3.66% | 0.85x | 1.45x | RM-17.73 Million |
| 2017 | 4.14% | 3.68% | 0.79x | 1.42x | RM-19.29 Million |
| 2018 | 7.16% | 6.43% | 0.80x | 1.40x | RM-9.73 Million |
| 2019 | 1.44% | 1.56% | 0.68x | 1.35x | RM-30.09 Million |
| 2020 | 0.34% | 0.47% | 0.55x | 1.31x | RM-34.31 Million |
| 2021 | 4.77% | 6.52% | 0.55x | 1.32x | RM-19.20 Million |
| 2022 | 7.38% | 9.99% | 0.60x | 1.22x | RM-10.43 Million |
| 2023 | 11.70% | 18.46% | 0.53x | 1.21x | RM8.18 Million |
| 2024 | 9.30% | 16.41% | 0.50x | 1.15x | RM-4.70 Million |
| 2025 | 5.82% | 12.26% | 0.42x | 1.14x | RM-27.00 Million |
Industry Comparison
This section compares Ajiya Bhd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $278,785,065
- Average return on equity (ROE) among peers: 4.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ajiya Bhd (7609) | RM656.53 Million | 4.50% | 0.12x | $12.91 Million |
| Econframe Bhd (0227) | $63.54 Million | 17.69% | 0.17x | $13.39 Million |
| Chuan Huat Resources Bhd (7016) | $324.67 Million | -1.43% | 0.97x | $1.80 Million |
| Seacera Group Bhd (7073) | $848.54 Million | 1.05% | 0.25x | $2.57 Million |
| AbleGroup Bhd (7086) | $43.57 Million | -1.36% | 0.07x | $1.26 Million |
| United U Li Corporation Bhd (7133) | $350.93 Million | 11.19% | 0.13x | $33.39 Million |
| CSH Alliance Bhd (7165) | $310.57 Million | -5.36% | 0.04x | $5.10 Million |
| Resintech Bhd (7232) | $122.00 Million | 4.92% | 0.43x | $4.31 Million |
| Superlon Holdings Bhd (7235) | $124.10 Million | 8.29% | 0.27x | $10.03 Million |
| KPS Consortium Bhd (9121) | $321.15 Million | 5.44% | 0.68x | $2.86 Million |