Pansar Bhd (8419) - Net Assets
Based on the latest financial reports, Pansar Bhd (8419) has net assets worth RM359.59 Million MYR (≈ $90.28 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM807.35 Million ≈ $202.70 Million USD) and total liabilities (RM447.76 Million ≈ $112.42 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. Check asset resilience ratio of Pansar Bhd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM359.59 Million |
| % of Total Assets | 44.54% |
| Annual Growth Rate | 23.27% |
| 5-Year Change | 13.66% |
| 10-Year Change | 109.65% |
| Growth Volatility | 555.76 |
Pansar Bhd - Net Assets Trend (2007–2025)
This chart illustrates how Pansar Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Pansar Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Pansar Bhd (2007–2025)
The table below shows the annual net assets of Pansar Bhd from 2007 to 2025. For live valuation and market cap data, see 8419 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM345.54 Million ≈ $86.75 Million |
+5.90% |
| 2024-03-31 | RM326.30 Million ≈ $81.92 Million |
+5.68% |
| 2023-03-31 | RM308.75 Million ≈ $77.52 Million |
+2.43% |
| 2022-03-31 | RM301.42 Million ≈ $75.68 Million |
-0.85% |
| 2021-03-31 | RM304.01 Million ≈ $76.33 Million |
+71.02% |
| 2020-03-31 | RM177.76 Million ≈ $44.63 Million |
+1.73% |
| 2019-03-31 | RM174.73 Million ≈ $43.87 Million |
-4.14% |
| 2018-03-31 | RM182.27 Million ≈ $45.76 Million |
+9.99% |
| 2017-03-31 | RM165.71 Million ≈ $41.60 Million |
+0.54% |
| 2016-03-31 | RM164.82 Million ≈ $41.38 Million |
+1.74% |
| 2015-03-31 | RM162.00 Million ≈ $40.67 Million |
+5.88% |
| 2014-03-31 | RM153.00 Million ≈ $38.41 Million |
+6.25% |
| 2013-03-31 | RM144.00 Million ≈ $36.15 Million |
+2300.00% |
| 2010-03-31 | RM6.00 Million ≈ $1.51 Million |
-14.29% |
| 2009-03-31 | RM7.00 Million ≈ $1.76 Million |
-12.50% |
| 2008-03-31 | RM8.00 Million ≈ $2.01 Million |
0.00% |
| 2007-03-31 | RM8.00 Million ≈ $2.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pansar 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 181.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM69.93 Million | 20.24% |
| Common Stock | RM277.92 Million | 80.43% |
| Total Equity | RM345.54 Million | 100.00% |
Pansar Bhd Competitors by Market Cap
The table below lists competitors of Pansar Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
iLearningEngines, Inc.
NASDAQ:AILE
|
$59.29 Million |
|
Durect Corporation
NASDAQ:DRRX
|
$59.31 Million |
|
Atlas Resources Tbk
JK:ARII
|
$59.33 Million |
|
Aikchol Hospital Public Company Limited
BK:AHC
|
$59.34 Million |
|
Electra Battery Materials Corp
NASDAQ:ELBM
|
$59.28 Million |
|
MFO SA
WAR:MFO
|
$59.28 Million |
|
Global Self Storage Inc
NASDAQ:SELF
|
$59.28 Million |
|
PP Presisi Tbk PT
JK:PPRE
|
$59.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pansar Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 326,298,179 to 345,535,550, a change of 19,237,371 (5.9%).
- Net income of 26,064,970 contributed positively to equity growth.
- Dividend payments of 6,006,140 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM26.06 Million | +7.54% |
| Dividends Paid | RM6.01 Million | -1.74% |
| Other Changes | RM-821.46K | -0.24% |
| Total Change | RM- | 5.90% |
Book Value vs Market Value Analysis
This analysis compares Pansar 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: 0.68x
- 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 decreased from 1.17x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.39 | RM0.46 | x |
| 2018-03-31 | RM0.39 | RM0.46 | x |
| 2019-03-31 | RM0.38 | RM0.46 | x |
| 2020-03-31 | RM0.39 | RM0.46 | x |
| 2021-03-31 | RM0.66 | RM0.46 | x |
| 2022-03-31 | RM0.66 | RM0.46 | x |
| 2023-03-31 | RM0.67 | RM0.46 | x |
| 2024-03-31 | RM0.70 | RM0.46 | x |
| 2025-03-31 | RM0.68 | RM0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pansar 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): 7.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.36%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 2.34x
- Recent ROE (7.54%) is above the historical average (4.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.78% | 2.19% | 1.56x | 1.40x | RM-8.60 Million |
| 2017 | 2.94% | 1.36% | 1.51x | 1.43x | RM-11.69 Million |
| 2018 | 4.80% | 2.26% | 1.39x | 1.52x | RM-9.48 Million |
| 2019 | 4.54% | 2.15% | 1.44x | 1.46x | RM-9.54 Million |
| 2020 | 4.13% | 2.17% | 1.29x | 1.48x | RM-10.43 Million |
| 2021 | 3.52% | 3.52% | 0.82x | 1.23x | RM-19.69 Million |
| 2022 | 0.31% | 0.15% | 1.00x | 1.99x | RM-29.22 Million |
| 2023 | 2.83% | 1.06% | 1.17x | 2.29x | RM-22.15 Million |
| 2024 | 6.69% | 2.11% | 1.39x | 2.28x | RM-10.81 Million |
| 2025 | 7.54% | 2.36% | 1.36x | 2.34x | RM-8.49 Million |
Industry Comparison
This section compares Pansar Bhd's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $3,606,617,111
- Average return on equity (ROE) among peers: 0.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pansar Bhd (8419) | RM359.59 Million | 4.78% | 1.25x | $59.29 Million |
| Digistar Corporation Bhd (0029) | $68.61 Million | -8.23% | 4.37x | $7.09 Million |
| Key Alliance Group Bhd (0036) | $88.04 Million | -16.42% | 0.25x | $2.31 Million |
| MSCM Holdings Bhd (0041) | $63.68 Million | -13.57% | 0.57x | $7.06 Million |
| Asdion Bhd (0068) | $11.26 Million | -35.97% | 2.52x | $2.56 Million |
| EA Holdings Bhd (0154) | $107.05 Million | -13.61% | 0.15x | $8.10 Million |
| Sports Toto Berhad (1562) | $613.00 Million | 63.78% | 1.52x | $426.75 Million |
| Batu Kawan Bhd (1899) | $7.85 Billion | 6.25% | 3.06x | $1.99 Billion |
| Kuala Lumpur Kepong Bhd (2445) | $16.14 Billion | 5.17% | 0.87x | $5.69 Billion |
| Hap Seng Consolidated Bhd (3034) | $8.62 Billion | 13.49% | 1.02x | $1.78 Billion |
| Berjaya Assets Bhd (3239) | $2.50 Billion | 1.80% | 0.30x | $192.69 Million |
About Pansar Bhd
Pansar Berhad sells and distributes building materials, marine and industrial products, agro-engineering equipment and supplies, and electrical and office automation supplies in Malaysia and Singapore. It operates through Building and Construction Materials, Marine and Industrial, Agro Engineering, Electrical and Air-conditioning, Heavy Equipment, Mechanical and Electrical, and Construction and I… Read more