Fitters Diversified Bhd (9318) - Net Assets
Based on the latest financial reports, Fitters Diversified Bhd (9318) has net assets worth RM398.17 Million MYR (≈ $99.97 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 (RM477.23 Million ≈ $119.82 Million USD) and total liabilities (RM79.06 Million ≈ $19.85 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 9318 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM398.17 Million |
| % of Total Assets | 83.43% |
| Annual Growth Rate | 4.64% |
| 5-Year Change | 10.41% |
| 10-Year Change | 14.06% |
| Growth Volatility | 14.18 |
Fitters Diversified Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Fitters Diversified Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 9318 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Fitters Diversified Bhd (2012–2025)
The table below shows the annual net assets of Fitters Diversified Bhd from 2012 to 2025. For live valuation and market cap data, see market value of Fitters Diversified Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM403.94 Million ≈ $101.42 Million |
+2.87% |
| 2024-12-31 | RM392.68 Million ≈ $98.59 Million |
+0.24% |
| 2023-12-31 | RM391.73 Million ≈ $98.35 Million |
+31.41% |
| 2022-12-31 | RM298.09 Million ≈ $74.84 Million |
-18.52% |
| 2021-12-31 | RM365.85 Million ≈ $91.85 Million |
+2.40% |
| 2020-12-31 | RM357.26 Million ≈ $89.70 Million |
-5.10% |
| 2019-12-31 | RM376.47 Million ≈ $94.52 Million |
+3.16% |
| 2018-12-31 | RM364.92 Million ≈ $91.62 Million |
+6.06% |
| 2017-12-31 | RM344.06 Million ≈ $86.38 Million |
-2.85% |
| 2016-12-31 | RM354.15 Million ≈ $88.92 Million |
-5.81% |
| 2015-12-31 | RM376.00 Million ≈ $94.40 Million |
+2.73% |
| 2014-12-31 | RM366.00 Million ≈ $91.89 Million |
+28.87% |
| 2013-12-31 | RM284.00 Million ≈ $71.30 Million |
+26.79% |
| 2012-12-31 | RM224.00 Million ≈ $56.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fitters Diversified 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 66.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM39.63 Million | 9.81% |
| Common Stock | RM368.22 Million | 91.16% |
| Total Equity | RM403.94 Million | 100.00% |
Fitters Diversified Bhd Competitors by Market Cap
The table below lists competitors of Fitters Diversified Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asia Seed Co.Ltd
KQ:154030
|
$14.70 Million |
|
Greenwing Resources Ltd
AU:GW1
|
$14.70 Million |
|
Volution Group plc
LSE:FAN
|
$14.70 Million |
|
Batavia Prosperindo Trans Tbk PT
JK:BPTR
|
$14.70 Million |
|
GreenPro Capital Corp
NASDAQ:GRNQ
|
$14.69 Million |
|
Narmada Agrobase Limited
NSE:NARMADA
|
$14.69 Million |
|
Greenvale Energy Ltd
AU:GRV
|
$14.68 Million |
|
Genmin Ltd
AU:GEN
|
$14.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fitters Diversified Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 392,678,000 to 403,942,000, a change of 11,264,000 (2.9%).
- Net income of 13,648,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM13.65 Million | +3.38% |
| Other Changes | RM-2.38 Million | -0.59% |
| Total Change | RM- | 2.87% |
Book Value vs Market Value Analysis
This analysis compares Fitters Diversified 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: 0.14x
- 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 0.04x to 0.14x 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 | RM0.58 | RM0.03 | x |
| 2017-12-31 | RM0.57 | RM0.03 | x |
| 2018-12-31 | RM0.63 | RM0.03 | x |
| 2019-12-31 | RM0.63 | RM0.03 | x |
| 2020-12-31 | RM0.59 | RM0.03 | x |
| 2021-12-31 | RM0.50 | RM0.03 | x |
| 2022-12-31 | RM0.40 | RM0.03 | x |
| 2023-12-31 | RM0.17 | RM0.03 | x |
| 2024-12-31 | RM0.17 | RM0.03 | x |
| 2025-12-31 | RM0.17 | RM0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fitters Diversified 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): 3.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.30%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 1.20x
- Recent ROE (3.38%) is above the historical average (-2.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.21% | -1.17% | 0.60x | 1.73x | RM-39.72 Million |
| 2017 | -0.06% | -0.07% | 0.54x | 1.62x | RM-34.61 Million |
| 2018 | 4.00% | 4.16% | 0.59x | 1.64x | RM-21.90 Million |
| 2019 | 1.24% | 1.78% | 0.48x | 1.46x | RM-32.96 Million |
| 2020 | -3.66% | -6.06% | 0.43x | 1.42x | RM-48.80 Million |
| 2021 | -3.53% | -3.06% | 0.83x | 1.39x | RM-49.52 Million |
| 2022 | -22.76% | -16.35% | 0.82x | 1.69x | RM-97.64 Million |
| 2023 | -4.21% | -5.77% | 0.59x | 1.23x | RM-55.67 Million |
| 2024 | 0.34% | 0.33% | 0.83x | 1.22x | RM-37.94 Million |
| 2025 | 3.38% | 2.30% | 1.22x | 1.20x | RM-26.75 Million |
Industry Comparison
This section compares Fitters Diversified Bhd's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $1,953,998,935
- Average return on equity (ROE) among peers: -4.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fitters Diversified Bhd (9318) | RM398.17 Million | -1.21% | 0.20x | $14.70 Million |
| Digistar Corporation Bhd (0029) | $55.11 Million | -5.17% | 5.64x | $6.30 Million |
| Key Alliance Group Bhd (0036) | $112.06 Million | -18.37% | 0.33x | $2.31 Million |
| MSCM Holdings Bhd (0041) | $300.56 Million | 4.29% | 0.18x | $14.11 Million |
| Asdion Bhd (0068) | $8.16 Million | -27.34% | 1.22x | $1.92 Million |
| EA Holdings Bhd (0154) | $121.62 Million | -44.30% | 0.11x | $8.10 Million |
| Sports Toto Berhad (1562) | $875.11 Million | 20.71% | 2.28x | $430.06 Million |
| Batu Kawan Bhd (1899) | $5.66 Billion | 6.42% | 2.85x | $2.00 Billion |
| Kuala Lumpur Kepong Bhd (2445) | $7.95 Billion | 11.54% | 0.48x | $5.65 Billion |
| Hap Seng Consolidated Bhd (3034) | $2.58 Billion | 12.18% | 1.15x | $1.79 Billion |
| Berjaya Assets Bhd (3239) | $1.87 Billion | -2.93% | 0.66x | $205.54 Million |
About Fitters Diversified Bhd
FITTERS Diversified Berhad, an investment holding company, designs, manufactures, sells, trades in, and assembles safety and fire-fighting equipment, and industrial products in Malaysia, Singapore, and the British Virgin Island. The company operates through the Fire Services Division, Property Development and Construction, Renewable and Waste-To-Energy and Green Palm Oil Mill, and Investment Hold… Read more