Thriven Global Bhd
Thriven Global Berhad, an investment holding company, develops and invests in properties in Malaysia. It operates through Property Development, Property Investment, Food and Beverages, and Investment Holding and Others segments. The company also offers hospitality, retail management, property ownership and management, and maintenance and facilities management services, as well as engages in the f… Read more
Thriven Global Bhd (7889) - Net Assets
Latest net assets as of December 2025: RM60.70 Million MYR
Based on the latest financial reports, Thriven Global Bhd (7889) has net assets worth RM60.70 Million MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM161.64 Million) and total liabilities (RM100.93 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 | RM60.70 Million |
| % of Total Assets | 37.56% |
| Annual Growth Rate | -5.17% |
| 5-Year Change | -63.32% |
| 10-Year Change | -61.05% |
| Growth Volatility | 15.11 |
Thriven Global Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Thriven Global 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 Thriven Global Bhd (2012–2025)
The table below shows the annual net assets of Thriven Global Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM60.70 Million | -28.46% |
| 2024-12-31 | RM84.86 Million | -23.34% |
| 2023-12-31 | RM110.70 Million | -29.36% |
| 2022-12-31 | RM156.71 Million | -5.32% |
| 2021-12-31 | RM165.51 Million | -8.78% |
| 2020-12-31 | RM181.45 Million | -10.21% |
| 2019-12-31 | RM202.08 Million | +12.93% |
| 2018-12-31 | RM178.94 Million | +12.12% |
| 2017-12-31 | RM159.59 Million | +2.41% |
| 2016-12-31 | RM155.84 Million | -3.80% |
| 2015-12-31 | RM162.00 Million | +13.29% |
| 2014-12-31 | RM143.00 Million | +2.88% |
| 2013-12-31 | RM139.00 Million | +14.88% |
| 2012-12-31 | RM121.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thriven 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 decreased by 447.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM137.57 Million | 212.85% |
| Total Equity | RM64.63 Million | 100.00% |
Thriven Global Bhd Competitors by Market Cap
The table below lists competitors of Thriven Global Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NUCOR (NUO.SG)
STU:NUO
|
$1.42 Million |
|
SC Estate Builder Bhd
KLSE:0109
|
$1.42 Million |
|
Axiom Properties Ltd
AU:AXI
|
$1.42 Million |
|
Grande Armee Investissement SA
PA:MLGAI
|
$1.42 Million |
|
Trugolf Inc
NASDAQ:TRUG
|
$1.42 Million |
|
Anoto Group AB (publ)
OTCGREY:AOTOF
|
$1.42 Million |
|
Antarctica Limited
NSE:ANTGRAPHIC
|
$1.42 Million |
|
Bryah Resources Ltd
AU:BYH
|
$1.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thriven Global Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 84,857,000 to 64,633,000, a change of -20,224,000 (-23.8%).
- Net loss of 20,147,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-20.15 Million | -31.17% |
| Other Changes | RM-77.00K | -0.12% |
| Total Change | RM- | -23.83% |
Book Value vs Market Value Analysis
This analysis compares Thriven 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: 0.63x
- 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 0.24x to 0.63x 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 | RM0.31 | RM0.08 | x |
| 2017-12-31 | RM0.32 | RM0.08 | x |
| 2018-12-31 | RM0.36 | RM0.08 | x |
| 2019-12-31 | RM0.37 | RM0.08 | x |
| 2020-12-31 | RM0.33 | RM0.08 | x |
| 2021-12-31 | RM0.30 | RM0.08 | x |
| 2022-12-31 | RM0.29 | RM0.08 | x |
| 2023-12-31 | RM0.20 | RM0.08 | x |
| 2024-12-31 | RM0.16 | RM0.08 | x |
| 2025-12-31 | RM0.12 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thriven 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): -31.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -102.14%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.50x
- Recent ROE (-31.17%) is below the historical average (-9.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.41% | 7.02% | 0.14x | 2.41x | RM-12.60 Million |
| 2016 | -6.51% | -15.15% | 0.17x | 2.52x | RM-25.73 Million |
| 2017 | 0.13% | 0.16% | 0.30x | 2.56x | RM-15.76 Million |
| 2018 | 11.40% | 8.53% | 0.62x | 2.14x | RM2.50 Million |
| 2019 | 8.38% | 7.16% | 0.56x | 2.09x | RM-3.27 Million |
| 2020 | -4.99% | -6.16% | 0.40x | 2.04x | RM-27.20 Million |
| 2021 | -9.63% | -18.56% | 0.23x | 2.25x | RM-32.49 Million |
| 2022 | -4.41% | -8.52% | 0.24x | 2.14x | RM-22.58 Million |
| 2023 | -41.56% | -50.66% | 0.35x | 2.35x | RM-57.08 Million |
| 2024 | -30.45% | -78.47% | 0.16x | 2.36x | RM-34.32 Million |
| 2025 | -31.17% | -102.14% | 0.12x | 2.50x | RM-26.61 Million |
Industry Comparison
This section compares Thriven Global Bhd's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $531,623,367
- Average return on equity (ROE) among peers: 2.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thriven Global Bhd (7889) | RM60.70 Million | 2.41% | 1.66x | $1.42 Million |
| Tanco Holdings Bhd (2429) | $162.00 Million | -9.26% | 0.70x | $724.90 Million |
| Amalgamated Industrial Steel Berhad (2682) | $113.00 Million | -6.19% | 0.34x | $597.84K |
| EcoFirst Consolidated Bhd (3557) | $144.00 Million | 7.64% | 2.06x | $28.49 Million |
| Asian Pac Holdings Bhd (4057) | $862.32 Million | 8.54% | 0.89x | $14.92 Million |
| Glomac Bhd (5020) | $991.94 Million | 8.16% | 1.00x | $18.18 Million |
| Ibraco Bhd (5084) | $487.88 Million | 9.44% | 0.94x | $16.96 Million |
| Ivory Properties Group Bhd (5175) | $401.00 Million | 4.99% | 1.28x | $167.70K |
| Tambun Indah Land Bhd (5191) | $705.71 Million | 8.73% | 0.20x | $23.69 Million |
| Eco World International Bhd (5283) | $1.29 Billion | -2.66% | 0.00x | $31.27 Million |
| Farlim Group (Malaysia) Bhd (6041) | $155.40 Million | -3.25% | 0.08x | $1.42 Million |