Thriven Global Bhd Net Assets
Thriven Global Bhd net assets. Based on the latest financial reports, Thriven Global Bhd (7889) has net assets worth RM60.42 Million MYR (≈ $15.17 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 (RM151.91 Million ≈ $38.14 Million USD) and total liabilities (RM91.49 Million ≈ $22.97 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 Thriven Global Bhd (7889) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM60.42 Million |
| % of Total Assets | 39.77% |
| Annual Growth Rate | -4.71% |
| 5-Year Change | -60.95% |
| 10-Year Change | -58.53% |
| Growth Volatility | 14.57 |
Net Assets of Thriven Global Bhd (2012–2025)
Net assets of Thriven Global Bhd from 2012 to 2025. This chart illustrates how Thriven Global Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Thriven Global Bhd (7889) equity growth momentum to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see market cap of Thriven Global Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM64.63 Million ≈ $16.23 Million |
-23.83% |
| 2024-12-31 | RM84.86 Million ≈ $21.30 Million |
-23.34% |
| 2023-12-31 | RM110.70 Million ≈ $27.79 Million |
-29.36% |
| 2022-12-31 | RM156.71 Million ≈ $39.34 Million |
-5.32% |
| 2021-12-31 | RM165.51 Million ≈ $41.55 Million |
-8.78% |
| 2020-12-31 | RM181.45 Million ≈ $45.56 Million |
-10.21% |
| 2019-12-31 | RM202.08 Million ≈ $50.74 Million |
+12.93% |
| 2018-12-31 | RM178.94 Million ≈ $44.93 Million |
+12.12% |
| 2017-12-31 | RM159.59 Million ≈ $40.07 Million |
+2.41% |
| 2016-12-31 | RM155.84 Million ≈ $39.13 Million |
-3.80% |
| 2015-12-31 | RM162.00 Million ≈ $40.67 Million |
+13.29% |
| 2014-12-31 | RM143.00 Million ≈ $35.90 Million |
+2.88% |
| 2013-12-31 | RM139.00 Million ≈ $34.90 Million |
+14.88% |
| 2012-12-31 | RM121.00 Million ≈ $30.38 Million |
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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 76.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Thriven Global Bhd Net Assets Breakdown (December 2025)
Thriven Global Bhd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM5.05 Million | 7.81% |
| Common Stock | RM59.59 Million | 92.19% |
| 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 |
|---|---|
|
Baillie Gifford Japan Trust
LSE:BGFD
|
$8.25 Million |
|
Zeo Energy Corp.
NASDAQ:ZEO
|
$8.25 Million |
|
T4F Entretenimento S.A
SA:SHOW3
|
$8.25 Million |
|
Radiant Utama Interinsco Tbk
JK:RUIS
|
$8.26 Million |
|
Miraculum SA
WAR:MIR
|
$8.24 Million |
|
Tecnisa S.A
SA:TCSA3
|
$8.23 Million |
|
Progressive Impact Corporation Bhd
KLSE:7201
|
$8.23 Million |
|
Turnstone Biologics Corp. Common Stock
NASDAQ:TSBX
|
$8.21 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: 0.51x
- 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 0.19x to 0.51x 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 | RM0.06 | x |
| 2017-12-31 | RM0.32 | RM0.06 | x |
| 2018-12-31 | RM0.36 | RM0.06 | x |
| 2019-12-31 | RM0.37 | RM0.06 | x |
| 2020-12-31 | RM0.33 | RM0.06 | x |
| 2021-12-31 | RM0.30 | RM0.06 | x |
| 2022-12-31 | RM0.29 | RM0.06 | x |
| 2023-12-31 | RM0.20 | RM0.06 | x |
| 2024-12-31 | RM0.16 | RM0.06 | x |
| 2025-12-31 | RM0.12 | RM0.06 | 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: $459,197,507
- Average return on equity (ROE) among peers: 4.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thriven Global Bhd (7889) | RM60.42 Million | 2.41% | 1.51x | $8.24 Million |
| Tanco Holdings Bhd (2429) | $238.81 Million | 7.76% | 0.75x | $219.36 Million |
| Amalgamated Industrial Steel Berhad (2682) | $143.51 Million | -3.77% | 0.23x | $8.87 Million |
| EcoFirst Consolidated Bhd (3557) | $195.00 Million | 15.38% | 1.26x | $94.68 Million |
| Asian Pac Holdings Bhd (4057) | $409.00 Million | 10.02% | 1.28x | $41.12 Million |
| Ibraco Bhd (5084) | $322.00 Million | 14.29% | 0.72x | $135.72 Million |
| Ivory Properties Group Bhd (5175) | $401.00 Million | 4.99% | 1.28x | $615.21K |
| Tambun Indah Land Bhd (5191) | $639.98 Million | 7.60% | 0.30x | $72.80 Million |
| Eco World International Bhd (5283) | $1.66 Billion | -5.16% | 0.01x | $81.35 Million |
| Farlim Group (Malaysia) Bhd (6041) | $130.46 Million | -8.27% | 0.17x | $5.76 Million |
| BCB Bhd (6602) | $456.65 Million | 2.53% | 1.80x | $23.31 Million |
About Thriven Global Bhd
Thriven Global Berhad, an investment holding company, develops and invests in properties in Malaysia. The company operates through four segments: Property Development, Property Investment, Food and Beverages, and Investment Holding and Others. It is involved in property development, property investment, lifestyle retail, carpark, and hospitality operation. The company also offers hospitality, ret… Read more