KKB Engineering Berhad (9466) - Net Assets
Based on the latest financial reports, KKB Engineering Berhad (9466) has net assets worth RM399.73 Million MYR (≈ $100.36 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 (RM776.71 Million ≈ $195.01 Million USD) and total liabilities (RM376.97 Million ≈ $94.65 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 9466 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM399.73 Million |
| % of Total Assets | 51.47% |
| Annual Growth Rate | 4.84% |
| 5-Year Change | 37.88% |
| 10-Year Change | 50.27% |
| Growth Volatility | 7.0 |
KKB Engineering Berhad - Net Assets Trend (2012–2024)
This chart illustrates how KKB Engineering Berhad's net assets have evolved over time, based on quarterly financial data. Also explore how large is KKB Engineering Berhad's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for KKB Engineering Berhad (2012–2024)
The table below shows the annual net assets of KKB Engineering Berhad from 2012 to 2024. For live valuation and market cap data, see KKB Engineering Berhad (9466) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM467.35 Million ≈ $117.34 Million |
+14.66% |
| 2023-12-31 | RM407.61 Million ≈ $102.34 Million |
+2.34% |
| 2022-12-31 | RM398.30 Million ≈ $100.00 Million |
-0.68% |
| 2021-12-31 | RM401.03 Million ≈ $100.69 Million |
+18.31% |
| 2020-12-31 | RM338.95 Million ≈ $85.10 Million |
+0.66% |
| 2019-12-31 | RM336.73 Million ≈ $84.54 Million |
+12.49% |
| 2018-12-31 | RM299.36 Million ≈ $75.16 Million |
+4.35% |
| 2017-12-31 | RM286.87 Million ≈ $72.02 Million |
+0.56% |
| 2016-12-31 | RM285.26 Million ≈ $71.62 Million |
-8.28% |
| 2015-12-31 | RM311.00 Million ≈ $78.08 Million |
+5.07% |
| 2014-12-31 | RM296.00 Million ≈ $74.32 Million |
+3.86% |
| 2013-12-31 | RM285.00 Million ≈ $71.55 Million |
+7.55% |
| 2012-12-31 | RM265.00 Million ≈ $66.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to KKB Engineering Berhad'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 38.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM238.34 Million | 57.63% |
| Common Stock | RM175.25 Million | 42.37% |
| Other Components | RM1.00 | 0.00% |
| Total Equity | RM413.60 Million | 100.00% |
KKB Engineering Berhad Competitors by Market Cap
The table below lists competitors of KKB Engineering Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOPMATERIAL LTD
KQ:360070
|
$84.09 Million |
|
Phillips 66
F:PSX
|
$84.09 Million |
|
Oceanic Iron Ore Corp
V:FEO
|
$84.09 Million |
|
United Polyfab Gujarat Limited
NSE:UNITEDPOLY
|
$84.09 Million |
|
Sat Nusapersada Tbk
JK:PTSN
|
$84.08 Million |
|
Immutep Ltd ADR
NASDAQ:IMMP
|
$84.03 Million |
|
Atrium Real Estate Investment Trust
KLSE:5130
|
$84.01 Million |
|
Kyung Dong Pharmaceutical Co. Ltd
KQ:011040
|
$83.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KKB Engineering Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 407,605,840 to 413,596,921, a change of 5,991,081 (1.5%).
- Net income of 26,201,970 contributed positively to equity growth.
- Dividend payments of 20,210,890 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM26.20 Million | +6.34% |
| Dividends Paid | RM20.21 Million | -4.89% |
| Other Changes | RM1.00 | +0.0% |
| Total Change | RM- | 1.47% |
Book Value vs Market Value Analysis
This analysis compares KKB Engineering Berhad'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: 0.81x
- 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 1.05x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.11 | RM1.16 | x |
| 2017-12-31 | RM1.11 | RM1.16 | x |
| 2018-12-31 | RM1.16 | RM1.16 | x |
| 2019-12-31 | RM1.31 | RM1.16 | x |
| 2020-12-31 | RM1.31 | RM1.16 | x |
| 2021-12-31 | RM1.39 | RM1.16 | x |
| 2022-12-31 | RM1.38 | RM1.16 | x |
| 2023-12-31 | RM1.41 | RM1.16 | x |
| 2024-12-31 | RM1.43 | RM1.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KKB Engineering Berhad 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): 6.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.13%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.99x
- Recent ROE (6.34%) is above the historical average (5.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 8.63% | 20.31% | 0.38x | 1.11x | RM-4.14 Million |
| 2016 | -2.03% | -5.61% | 0.31x | 1.16x | RM-34.31 Million |
| 2017 | 0.56% | 0.77% | 0.58x | 1.25x | RM-27.08 Million |
| 2018 | 5.89% | 4.28% | 0.81x | 1.70x | RM-12.29 Million |
| 2019 | 14.16% | 8.53% | 1.02x | 1.63x | RM14.01 Million |
| 2020 | 5.22% | 4.34% | 0.73x | 1.64x | RM-16.20 Million |
| 2021 | 6.49% | 6.65% | 0.76x | 1.29x | RM-14.07 Million |
| 2022 | 2.94% | 3.03% | 0.70x | 1.38x | RM-28.12 Million |
| 2023 | 6.53% | 5.65% | 0.73x | 1.58x | RM-14.13 Million |
| 2024 | 6.34% | 4.13% | 0.77x | 1.99x | RM-15.16 Million |
Industry Comparison
This section compares KKB Engineering Berhad's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $207,164,209
- Average return on equity (ROE) among peers: 9.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KKB Engineering Berhad (9466) | RM399.73 Million | 8.63% | 0.94x | $84.09 Million |
| Mestron Holdings (0207) | $140.91 Million | 4.80% | 0.54x | $34.93 Million |
| Volcano Bhd (0232) | $67.65 Million | 7.07% | 0.10x | $14.14 Million |
| CEKD Bhd (0238) | $69.24 Million | 7.26% | 0.42x | $13.68 Million |
| Coraza Integrated Technology Bhd (0240) | $29.25 Million | 27.40% | 1.03x | $116.63 Million |
| SFP Tech Holdings Bhd (0251) | $37.43 Million | 28.13% | 0.77x | $135.58 Million |
| Wentel Engineering Holdings Berhad (0298) | $87.70 Million | 23.35% | 0.23x | $72.18 Million |
| Seremban Engineering Bhd (5163) | $44.00 Million | -43.18% | 2.39x | $13.30 Million |
| Uwc Bhd (5292) | $74.43 Million | 19.97% | 0.83x | $1.63 Billion |
| APB Resources Bhd (5568) | $193.00 Million | 9.33% | 0.16x | $6.08 Million |
| Kumpulan Perangsang Selangor (5843) | $1.33 Billion | 7.36% | 0.38x | $76.90 Million |
About KKB Engineering Berhad
KKB Engineering Berhad, together with its subsidiaries, engages in the steel fabrication, civil construction, hot dip galvanizing, and LP gas cylinders manufacturing businesses in Malaysia. The company supplies, fabricates, and installs steel structures, piping and ducting, steel storage tanks, and other special fabricated items; fabricates transmission and communication towers, cable ladders, in… Read more