Gadang Holdings Bhd (9261) - Net Assets

Latest as of February 2026: RM790.22 Million MYR ≈ $198.40 Million USD

Based on the latest financial reports, Gadang Holdings Bhd (9261) has net assets worth RM790.22 Million MYR (≈ $198.40 Million USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.26 Billion ≈ $316.97 Million USD) and total liabilities (RM472.27 Million ≈ $118.57 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 9261 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM790.22 Million
% of Total Assets	62.59%
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. Also explore Gadang Holdings Bhd asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Gadang Holdings Bhd stock valuation.

Year	Net Assets	Change
2025-05-31	RM804.76 Million ≈ $202.05 Million	+1.63%
2024-05-31	RM791.86 Million ≈ $198.81 Million	-0.07%
2023-05-31	RM792.45 Million ≈ $198.96 Million	-3.99%
2022-05-31	RM825.40 Million ≈ $207.23 Million	+5.53%
2021-05-31	RM782.12 Million ≈ $196.36 Million	-3.92%
2020-05-31	RM814.06 Million ≈ $204.38 Million	+10.93%
2019-05-31	RM733.84 Million ≈ $184.24 Million	+3.82%
2018-05-31	RM706.81 Million ≈ $177.46 Million	+13.42%
2017-05-31	RM623.17 Million ≈ $156.46 Million	+17.78%
2016-05-31	RM529.10 Million ≈ $132.84 Million	+36.37%
2015-05-31	RM388.00 Million ≈ $97.41 Million	+28.90%
2014-05-31	RM301.00 Million ≈ $75.57 Million	+12.73%
2013-05-31	RM267.00 Million ≈ $67.03 Million	+6.80%
2012-05-31	RM250.00 Million ≈ $62.77 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
Petrolia SE OL:PSE	$38.20 Million
Man Group PLC LSE:EMG	$38.21 Million
Nephros Inc NASDAQ:NEPH	$38.22 Million
Aspocomp Group Oyj HE:ACG1V	$38.22 Million
Pixelworks Inc NASDAQ:PXLW	$38.20 Million
Yesil Yapi Endustrisi AS IS:YYAPI	$38.19 Million
Fokus Mining Corp V:FKM	$38.18 Million
KebNi AB (publ) ST:KEBNI-B	$38.18 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: $101,046,365
Average return on equity (ROE) among peers: 7.46%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gadang Holdings Bhd (9261)	RM790.22 Million	17.91%	0.60x	$38.20 Million
Southern Score Builders Berhad (0045)	$148.98 Million	16.99%	0.33x	$313.81 Million
Ecobuilt Holdings Bhd (0059)	$66.08 Million	12.86%	0.15x	$4.23 Million
Mega Sun City Holdings Bhd (0081)	$52.47 Million	-28.16%	0.02x	$3.72 Million
Waja Konsortium Bhd (0102)	$33.07 Million	-28.61%	0.43x	$11.20 Million
Kelington Group Bhd (0151)	$66.99 Million	13.23%	1.98x	$1.38 Billion
Widad Group Bhd (0162)	$357.92 Million	19.78%	1.42x	$7.84 Million
Pasukhas Group Bhd (0177)	$136.35 Million	-12.43%	0.39x	$3.59 Million
HSS Engineers Bhd (0185)	$78.71 Million	17.81%	0.59x	$54.89 Million
Cabnet Holdings Bhd (0191)	$14.34 Million	40.24%	1.06x	$11.22 Million
Inta Bina Group Bhd (0192)	$55.55 Million	22.91%	2.88x	$58.65 Million

About Gadang Holdings Bhd

KLSE:9261 Malaysia Engineering & Construction

Market Cap

$38.20 Million

RM152.16 Million MYR

Market Cap Rank

#22959 Global

#544 in Malaysia

Share Price

RM0.19

Change (1 day)

+0.00%

52-Week Range

RM0.15 - RM0.33

All Time High

RM1.17