Jiankun International Bhd (8923) - Net Assets
Based on the latest financial reports, Jiankun International Bhd (8923) has net assets worth RM79.43 Million MYR (≈ $19.94 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM125.81 Million ≈ $31.59 Million USD) and total liabilities (RM46.38 Million ≈ $11.64 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 Jiankun International Bhd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM79.43 Million |
| % of Total Assets | 63.13% |
| Annual Growth Rate | 15.16% |
| 5-Year Change | 36.27% |
| 10-Year Change | 70.0% |
| Growth Volatility | 31.14 |
Jiankun International Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Jiankun International Bhd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Jiankun International Bhd for the complete picture of this company's asset base.
Annual Net Assets for Jiankun International Bhd (2012–2024)
The table below shows the annual net assets of Jiankun International Bhd from 2012 to 2024. For live valuation and market cap data, see market cap of Jiankun International Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM81.60 Million ≈ $20.49 Million |
-3.84% |
| 2023-12-31 | RM84.86 Million ≈ $21.31 Million |
-9.42% |
| 2022-12-31 | RM93.68 Million ≈ $23.52 Million |
+16.03% |
| 2021-12-31 | RM80.74 Million ≈ $20.27 Million |
+34.83% |
| 2020-12-31 | RM59.88 Million ≈ $15.03 Million |
+9.50% |
| 2019-12-31 | RM54.69 Million ≈ $13.73 Million |
+8.46% |
| 2018-12-31 | RM50.42 Million ≈ $12.66 Million |
+15.22% |
| 2017-12-31 | RM43.76 Million ≈ $10.99 Million |
-4.03% |
| 2016-12-31 | RM45.60 Million ≈ $11.45 Million |
-5.00% |
| 2015-12-31 | RM48.00 Million ≈ $12.05 Million |
+9.09% |
| 2014-12-31 | RM44.00 Million ≈ $11.05 Million |
+109.52% |
| 2013-12-31 | RM21.00 Million ≈ $5.27 Million |
+40.00% |
| 2012-12-31 | RM15.00 Million ≈ $3.77 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Jiankun International 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 441.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM107.83 Million | 132.14% |
| Total Equity | RM81.60 Million | 100.00% |
Jiankun International Bhd Competitors by Market Cap
The table below lists competitors of Jiankun International Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IMPRENDIROMA S.P.A.
F:Y37
|
$7.84 Million |
|
Lifecare AS
OL:LIFE
|
$7.84 Million |
|
Arb Bhd
KLSE:7181
|
$7.84 Million |
|
Norfolk Metals Ltd
AU:NFL
|
$7.85 Million |
|
Durango Resources Inc.
V:DGO
|
$7.84 Million |
|
Widad Group Bhd
KLSE:0162
|
$7.84 Million |
|
Forum Energy Metals Corp
V:FMC
|
$7.83 Million |
|
Theriva Biologics Inc.
NYSE MKT:TOVX
|
$7.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiankun International Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 84,859,410 to 81,600,000, a change of -3,259,410 (-3.8%).
- Net loss of 6,352,000 reduced equity.
- Share repurchases of 2,954,000 reduced equity.
- New share issuances of 2,954,000 increased equity.
- Other factors increased equity by 3,092,590.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-6.35 Million | -7.78% |
| Share Repurchases | RM2.95 Million | -3.62% |
| Share Issuances | RM2.95 Million | +3.62% |
| Other Changes | RM3.09 Million | +3.79% |
| Total Change | RM- | -3.84% |
Book Value vs Market Value Analysis
This analysis compares Jiankun International 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: 0.38x
- 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 0.18x to 0.38x 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 | RM0.30 | RM0.06 | x |
| 2017-12-31 | RM0.29 | RM0.06 | x |
| 2018-12-31 | RM0.30 | RM0.06 | x |
| 2019-12-31 | RM0.33 | RM0.06 | x |
| 2020-12-31 | RM0.36 | RM0.06 | x |
| 2021-12-31 | RM0.38 | RM0.06 | x |
| 2022-12-31 | RM0.27 | RM0.06 | x |
| 2023-12-31 | RM0.17 | RM0.06 | x |
| 2024-12-31 | RM0.14 | RM0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiankun International 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): -7.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -85.93%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.60x
- Recent ROE (-7.78%) is above the historical average (-8.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -7.47% | -18.68% | 0.19x | 2.08x | RM-7.97 Million |
| 2017 | -8.10% | -5.69% | 0.64x | 2.24x | RM-7.92 Million |
| 2018 | 1.54% | 2.39% | 0.31x | 2.06x | RM-4.27 Million |
| 2019 | 7.93% | 10.74% | 0.40x | 1.86x | RM-1.13 Million |
| 2020 | 8.76% | 8.93% | 0.65x | 1.50x | RM-742.84K |
| 2021 | 2.66% | 3.59% | 0.49x | 1.52x | RM-5.92 Million |
| 2022 | -18.44% | -211.88% | 0.06x | 1.35x | RM-26.64 Million |
| 2023 | -55.80% | -244.03% | 0.16x | 1.41x | RM-55.84 Million |
| 2024 | -7.78% | -85.93% | 0.06x | 1.60x | RM-14.51 Million |
Industry Comparison
This section compares Jiankun International Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $675,768,578
- Average return on equity (ROE) among peers: 3.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiankun International Bhd (8923) | RM79.43 Million | -7.47% | 0.58x | $7.84 Million |
| Vinvest Capital Holdings Bhd (0069) | $321.83 Million | 2.73% | 0.28x | $4.87 Million |
| Gagasan Nadi Cergas Berhad (0206) | $445.50 Million | 0.78% | 1.19x | $66.17 Million |
| Vestland Berhad (0273) | $153.46 Million | 18.09% | 2.14x | $138.69 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $10.84 Million |
| Pan Malaysia Holdings Bhd (1287) | $29.94 Million | -0.21% | 0.72x | $186.57 Million |
| GuocoLand (Malaysia) Bhd (1503) | $1.32 Billion | 2.00% | 0.78x | $181.65 Million |
| Symphony Life Bhd (1538) | $950.00 Million | 0.90% | 0.20x | $33.15 Million |
| Iskandar Waterfront City Bhd (1589) | $777.03 Million | -3.59% | 1.00x | $58.97 Million |
| Paramount Corporation Bhd (1724) | $1.66 Billion | 4.53% | 0.88x | $157.92 Million |
| Selangor Dredging Bhd (2224) | $843.13 Million | 0.80% | 0.60x | $44.93 Million |
About Jiankun International Bhd
Jiankun International Berhad, an investment holding company, engages in property development and construction business in Malaysia and the People's Republic of China. The company operates through Property Development and Construction, Property Management and Investment Holding segments. It develops and provides construction services for residential, industrial, and commercial properties. In addit… Read more