Ideal United Bintang Bhd
Ideal Capital Berhad, an investment holding company, engages in the property development business in Malaysia. It operates through three segments: Property Development, Trading, and Project Investment and Project Management. The company engages in the trading of heavy machinery and spare parts, and disinfectant products; property investment and management; and asset management activities. It also… Read more
Ideal United Bintang Bhd (9687) - Net Assets
Latest net assets as of September 2025: RM894.21 Million MYR
Based on the latest financial reports, Ideal United Bintang Bhd (9687) has net assets worth RM894.21 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.80 Billion) and total liabilities (RM902.37 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 | RM894.21 Million |
| % of Total Assets | 49.77% |
| Annual Growth Rate | 35.88% |
| 5-Year Change | 43.02% |
| 10-Year Change | 1031.58% |
| Growth Volatility | 59.54 |
Ideal United Bintang Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Ideal United Bintang 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 Ideal United Bintang Bhd (2012–2024)
The table below shows the annual net assets of Ideal United Bintang Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM792.11 Million | +12.92% |
| 2023-12-31 | RM701.47 Million | +0.52% |
| 2022-12-31 | RM697.83 Million | +13.53% |
| 2021-12-31 | RM614.67 Million | +10.98% |
| 2020-12-31 | RM553.85 Million | -9.85% |
| 2019-12-31 | RM614.37 Million | +196.70% |
| 2018-12-31 | RM207.07 Million | +69.91% |
| 2017-12-31 | RM121.87 Million | +40.14% |
| 2016-12-31 | RM86.96 Million | +24.23% |
| 2015-12-31 | RM70.00 Million | +125.81% |
| 2014-12-31 | RM31.00 Million | +72.22% |
| 2013-12-31 | RM18.00 Million | -10.00% |
| 2012-12-31 | RM20.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ideal United Bintang 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 19381500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM193.81 Million | 26.40% |
| Other Components | RM540.36 Million | 73.60% |
| Total Equity | RM734.18 Million | 100.00% |
Ideal United Bintang Bhd Competitors by Market Cap
The table below lists competitors of Ideal United Bintang Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jenn Feng New Energy Co Ltd
TW:1538
|
$5.14 Million |
|
BH Macro Limited
LSE:BHMG
|
$5.14 Million |
|
Nandani Creation Limited
NSE:JAIPURKURT
|
$5.14 Million |
|
GT Resources Inc.
OTCQB:CGTRF
|
$5.14 Million |
|
LONZA GRP N - Dusseldorf Stock Exchang
DU:LO3
|
$5.13 Million |
|
More Provident Funds
TA:MPP
|
$5.13 Million |
|
Harfang Exploration Inc
PINK:HRFEF
|
$5.13 Million |
|
Fine DNC Co. Ltd
KQ:049120
|
$5.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ideal United Bintang Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 653,553,065 to 734,176,746, a change of 80,623,681 (12.3%).
- Net income of 90,623,696 contributed positively to equity growth.
- Dividend payments of 10,000,015 reduced retained earnings.
- New share issuances of 100,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM90.62 Million | +12.34% |
| Dividends Paid | RM10.00 Million | -1.36% |
| Share Issuances | RM100.00K | +0.01% |
| Other Changes | RM-100.00K | -0.01% |
| Total Change | RM- | 12.34% |
Book Value vs Market Value Analysis
This analysis compares Ideal United Bintang 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: 2.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.13x to 2.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | RM0.85 | RM3.50 | x |
| 2018-12-31 | RM1.87 | RM3.50 | x |
| 2019-12-31 | RM1.32 | RM3.50 | x |
| 2020-12-31 | RM1.19 | RM3.50 | x |
| 2021-12-31 | RM1.23 | RM3.50 | x |
| 2022-12-31 | RM1.31 | RM3.50 | x |
| 2023-12-31 | RM1.31 | RM3.50 | x |
| 2024-12-31 | RM1.47 | RM3.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ideal United Bintang 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): 12.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.77%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.43x
- Recent ROE (12.34%) is above the historical average (10.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.72% | 5.42% | 0.69x | 2.88x | RM560.38K |
| 2017 | 17.28% | 6.57% | 0.79x | 3.33x | RM6.82 Million |
| 2018 | 25.37% | 7.75% | 1.05x | 3.12x | RM31.82 Million |
| 2019 | 9.47% | 10.20% | 0.46x | 2.02x | RM-3.28 Million |
| 2020 | -10.11% | -17.68% | 0.29x | 1.98x | RM-111.37 Million |
| 2021 | 9.60% | 12.47% | 0.42x | 1.83x | RM-2.47 Million |
| 2022 | 6.01% | 9.39% | 0.36x | 1.79x | RM-26.13 Million |
| 2023 | 9.45% | 12.07% | 0.30x | 2.62x | RM-3.57 Million |
| 2024 | 12.34% | 9.77% | 0.52x | 2.43x | RM17.21 Million |
Industry Comparison
This section compares Ideal United Bintang 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: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ideal United Bintang Bhd (9687) | RM894.21 Million | 10.72% | 1.01x | $5.14 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |