Gadang Holdings Bhd
Gadang Holdings Berhad, an investment holding company, engages in civil engineering and construction, property development, water supply, and mechanical and electrical engineering businesses in Malaysia, Indonesia, and Singapore. It operates through Construction; Property; Utilities; and Investment Holding and Others segments. The company undertakes bulk earthworks, highway and interchanges, brid… Read more
Gadang Holdings Bhd (9261) - Net Assets
Latest net assets as of November 2025: RM820.50 Million MYR
Based on the latest financial reports, Gadang Holdings Bhd (9261) has net assets worth RM820.50 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 (RM1.36 Billion) and total liabilities (RM542.17 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 | RM820.50 Million |
| % of Total Assets | 60.21% |
| Annual Growth Rate | 9.41% |
| 5-Year Change | 2.89% |
| 10-Year Change | 52.1% |
| Growth Volatility | 11.64 |
Gadang Holdings Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Gadang Holdings 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 Gadang Holdings Bhd (2012–2025)
The table below shows the annual net assets of Gadang Holdings Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | RM804.76 Million | +1.63% |
| 2024-05-31 | RM791.86 Million | -0.07% |
| 2023-05-31 | RM792.45 Million | -3.99% |
| 2022-05-31 | RM825.40 Million | +5.53% |
| 2021-05-31 | RM782.12 Million | -3.92% |
| 2020-05-31 | RM814.06 Million | +10.93% |
| 2019-05-31 | RM733.84 Million | +3.82% |
| 2018-05-31 | RM706.81 Million | +13.42% |
| 2017-05-31 | RM623.17 Million | +17.78% |
| 2016-05-31 | RM529.10 Million | +36.37% |
| 2015-05-31 | RM388.00 Million | +28.90% |
| 2014-05-31 | RM301.00 Million | +12.73% |
| 2013-05-31 | RM267.00 Million | +6.80% |
| 2012-05-31 | RM250.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gadang Holdings 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 77.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM415.61 Million | 50.90% |
| Common Stock | RM412.09 Million | 50.47% |
| Total Equity | RM816.54 Million | 100.00% |
Gadang Holdings Bhd Competitors by Market Cap
The table below lists competitors of Gadang Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unicon Optical Co., Ltd.
TWO:4150
|
$22.68 Million |
|
MERUS POWER OYJ EO 1
F:99H
|
$22.69 Million |
|
Chaman Lal Setia Exports Limited
NSE:CLSEL
|
$22.70 Million |
|
Valiant Organics Limited
NSE:VALIANTORG
|
$22.70 Million |
|
Warteck Invest AG Reg.
LSE:0QNK
|
$22.68 Million |
|
KODAL MINERALS LS-03125
F:7UE
|
$22.68 Million |
|
ADVENICA AB
F:65R
|
$22.63 Million |
|
Allwin Telecommunication Co Ltd
SHE:002231
|
$22.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gadang Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 791,862,000 to 816,541,000, a change of 24,679,000 (3.1%).
- Net income of 10,736,000 contributed positively to equity growth.
- Share repurchases of 22,570,000 reduced equity.
- New share issuances of 22,570,000 increased equity.
- Other factors increased equity by 13,943,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM10.74 Million | +1.31% |
| Share Repurchases | RM22.57 Million | -2.76% |
| Share Issuances | RM22.57 Million | +2.76% |
| Other Changes | RM13.94 Million | +1.71% |
| Total Change | RM- | 3.12% |
Book Value vs Market Value Analysis
This analysis compares Gadang Holdings 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: 0.19x
- 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 |
|---|---|---|---|
| 2016-05-31 | RM0.82 | RM0.19 | x |
| 2017-05-31 | RM0.95 | RM0.19 | x |
| 2018-05-31 | RM1.07 | RM0.19 | x |
| 2019-05-31 | RM1.11 | RM0.19 | x |
| 2020-05-31 | RM1.12 | RM0.19 | x |
| 2021-05-31 | RM1.07 | RM0.19 | x |
| 2022-05-31 | RM1.13 | RM0.19 | x |
| 2023-05-31 | RM1.09 | RM0.19 | x |
| 2024-05-31 | RM1.09 | RM0.19 | x |
| 2025-05-31 | RM1.02 | RM0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gadang Holdings 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): 1.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.38%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.69x
- Recent ROE (1.31%) is below the historical average (6.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.91% | 14.03% | 0.55x | 2.31x | RM41.86 Million |
| 2017 | 16.07% | 18.08% | 0.39x | 2.29x | RM37.80 Million |
| 2018 | 13.92% | 16.54% | 0.35x | 2.41x | RM27.71 Million |
| 2019 | 6.00% | 6.41% | 0.39x | 2.43x | RM-29.32 Million |
| 2020 | 4.36% | 5.27% | 0.38x | 2.19x | RM-45.94 Million |
| 2021 | 1.65% | 2.24% | 0.33x | 2.20x | RM-65.31 Million |
| 2022 | 5.05% | 6.39% | 0.42x | 1.89x | RM-40.88 Million |
| 2023 | -3.70% | -5.91% | 0.36x | 1.75x | RM-108.57 Million |
| 2024 | 0.59% | 0.80% | 0.43x | 1.75x | RM-74.48 Million |
| 2025 | 1.31% | 1.38% | 0.56x | 1.69x | RM-70.92 Million |
Industry Comparison
This section compares Gadang Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $122,625,026
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gadang Holdings Bhd (9261) | RM820.50 Million | 17.91% | 0.66x | $22.68 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $86.27 Million |