Ideal United Bintang Bhd (9687) - Net Assets

Latest as of June 2026: RM1.03 Billion MYR ≈ $258.26 Million USD

Based on the latest financial reports, Ideal United Bintang Bhd (9687) has net assets worth RM1.03 Billion MYR (≈ $258.26 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.84 Billion ≈ $462.41 Million USD) and total liabilities (RM813.13 Million ≈ $204.15 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 Ideal United Bintang Bhd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM1.03 Billion
% of Total Assets	55.85%
Annual Growth Rate	34.94%
5-Year Change	59.93%
10-Year Change	1030.38%
Growth Volatility	57.49

Ideal United Bintang Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Ideal United Bintang Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 9687 market cap overview.

Annual Net Assets for Ideal United Bintang Bhd (2012–2025)

The table below shows the annual net assets of Ideal United Bintang Bhd from 2012 to 2025. Also explore Ideal United Bintang Bhd net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM983.03 Million ≈ $246.81 Million	+24.10%
2024-12-31	RM792.11 Million ≈ $198.87 Million	+12.92%
2023-12-31	RM701.47 Million ≈ $176.12 Million	+0.52%
2022-12-31	RM697.83 Million ≈ $175.20 Million	+13.53%
2021-12-31	RM614.67 Million ≈ $154.32 Million	+10.98%
2020-12-31	RM553.85 Million ≈ $139.05 Million	-9.85%
2019-12-31	RM614.37 Million ≈ $154.25 Million	+196.70%
2018-12-31	RM207.07 Million ≈ $51.99 Million	+69.91%
2017-12-31	RM121.87 Million ≈ $30.60 Million	+40.14%
2016-12-31	RM86.96 Million ≈ $21.83 Million	+24.23%
2015-12-31	RM70.00 Million ≈ $17.57 Million	+125.81%
2014-12-31	RM31.00 Million ≈ $7.78 Million	+72.22%
2013-12-31	RM18.00 Million ≈ $4.52 Million	-10.00%
2012-12-31	RM20.00 Million ≈ $5.02 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 34275582500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM342.76 Million	38.81%
Other Components	RM540.36 Million	61.19%
Total Equity	RM883.12 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
Magnum Bhd KLSE:3859	$429.39 Million
Geron Co Ltd SHE:002722	$429.53 Million
Vardhman Special Steels Limited NSE:VSSL	$429.54 Million
North American Financial 15 TO:FFN	$429.63 Million
Beijing Mainstreets Investment SHE:000609	$429.16 Million
Yulon Nissan Motor Co Ltd TW:2227	$429.10 Million
Ningxia Younglight Chemicals Co Ltd SHE:000635	$429.10 Million
Summit Midstream Corporation NYSE:SMC	$429.07 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 2024 to 2025, total equity changed from 734,176,746 to 883,117,571, a change of 148,940,825 (20.3%).
Net income of 153,940,832 contributed positively to equity growth.
Dividend payments of 5,000,007 reduced retained earnings.
New share issuances of 900,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM153.94 Million	+17.43%
Dividends Paid	RM5.00 Million	-0.57%
Share Issuances	RM900.00K	+0.1%
Other Changes	RM-900.00K	-0.1%
Total Change	RM-	20.29%

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: 0.65x
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 1.34x to 0.65x 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	RM1.14	x
2018-12-31	RM1.87	RM1.14	x
2019-12-31	RM1.32	RM1.14	x
2020-12-31	RM1.19	RM1.14	x
2021-12-31	RM1.23	RM1.14	x
2022-12-31	RM1.31	RM1.14	x
2023-12-31	RM1.31	RM1.14	x
2024-12-31	RM1.47	RM1.14	x
2025-12-31	RM1.77	RM1.14	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): 17.43%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.49%
• Asset Turnover: 0.61x
• Equity Multiplier: 2.28x
Recent ROE (17.43%) is above the historical average (10.76%), 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
2025	17.43%	12.49%	0.61x	2.28x	RM65.63 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: $610,356,647
Average return on equity (ROE) among peers: 0.04%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ideal United Bintang Bhd (9687)	RM1.03 Billion	10.72%	0.79x	$429.33 Million
Vinvest Capital Holdings Bhd (0069)	$446.12 Million	1.75%	0.11x	$4.87 Million
Gagasan Nadi Cergas Berhad (0206)	$441.26 Million	5.73%	1.10x	$58.61 Million
Vestland Berhad (0273)	$153.46 Million	18.09%	2.14x	$213.38 Million
Global Oriental Bhd (1147)	$281.91 Million	-35.14%	2.60x	$9.70 Million
Pan Malaysia Holdings Bhd (1287)	$47.90 Million	-2.72%	0.45x	$291.51 Million
GuocoLand (Malaysia) Bhd (1503)	$1.40 Billion	1.35%	0.91x	$3.35 Million
Symphony Life Bhd (1538)	$1.00 Billion	3.75%	0.35x	$29.75 Million
Iskandar Waterfront City Bhd (1589)	$719.54 Million	-2.64%	0.91x	$48.57 Million
Paramount Corporation Bhd (1724)	$727.00 Million	7.43%	0.79x	$157.92 Million
Selangor Dredging Bhd (2224)	$888.36 Million	2.78%	0.64x	$50.82 Million

About Ideal United Bintang Bhd

KLSE:9687 Malaysia Real Estate - Development

Market Cap

$429.33 Million

RM1.71 Billion MYR

Market Cap Rank

#13207 Global

#142 in Malaysia

Share Price

RM1.14

Change (1 day)

-3.66%

52-Week Range

RM1.14 - RM4.10

All Time High

RM4.10