Bertam Alliance Bhd (9814) - Net Assets
Based on the latest financial reports, Bertam Alliance Bhd (9814) has net assets worth RM152.85 Million MYR (≈ $38.38 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM184.71 Million ≈ $46.38 Million USD) and total liabilities (RM31.86 Million ≈ $8.00 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 tangible equity quality of Bertam Alliance Bhd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM152.85 Million |
| % of Total Assets | 82.75% |
| Annual Growth Rate | -0.77% |
| 5-Year Change | 31.24% |
| 10-Year Change | 6.26% |
| Growth Volatility | 16.45 |
Bertam Alliance Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Bertam Alliance Bhd's net assets have evolved over time, based on quarterly financial data. See 9814 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bertam Alliance Bhd (2012–2025)
The table below shows the annual net assets of Bertam Alliance Bhd from 2012 to 2025. For live valuation and market cap data, see market cap of Bertam Alliance Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM152.85 Million ≈ $38.38 Million |
+0.81% |
| 2024-12-31 | RM151.63 Million ≈ $38.07 Million |
+14.57% |
| 2023-12-31 | RM132.34 Million ≈ $33.23 Million |
+0.43% |
| 2022-12-31 | RM131.77 Million ≈ $33.08 Million |
+13.15% |
| 2021-12-31 | RM116.46 Million ≈ $29.24 Million |
-0.55% |
| 2020-12-31 | RM117.11 Million ≈ $29.40 Million |
-25.86% |
| 2019-12-31 | RM157.95 Million ≈ $39.65 Million |
-15.20% |
| 2018-12-31 | RM186.25 Million ≈ $46.76 Million |
-9.88% |
| 2017-12-31 | RM206.66 Million ≈ $51.88 Million |
+43.66% |
| 2016-12-31 | RM143.85 Million ≈ $36.12 Million |
-14.88% |
| 2015-12-31 | RM169.00 Million ≈ $42.43 Million |
-1.74% |
| 2014-12-31 | RM172.00 Million ≈ $43.18 Million |
-0.58% |
| 2013-12-31 | RM173.00 Million ≈ $43.43 Million |
+2.37% |
| 2012-12-31 | RM169.00 Million ≈ $42.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bertam Alliance 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 7975891000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM16.85 Million | 11.03% |
| Common Stock | RM136.00 Million | 88.97% |
| Total Equity | RM152.85 Million | 100.00% |
Bertam Alliance Bhd Competitors by Market Cap
The table below lists competitors of Bertam Alliance Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Moment Group AB
ST:MOMENT
|
$15.80 Million |
|
Aberforth Smaller Companies Trust PLC
LSE:ASL
|
$15.81 Million |
|
Hanchang
KO:005110
|
$15.81 Million |
|
SILVER DOLLAR RES
F:4YW
|
$15.82 Million |
|
PCCS Group Bhd
KLSE:6068
|
$15.78 Million |
|
Huddlestock Fintech As
OL:HUDL
|
$15.78 Million |
|
Fidelity China Special Situations PLC
LSE:FCSS
|
$15.78 Million |
|
Adagio Medical Holdings, Inc Common Stock
NASDAQ:ADGM
|
$15.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bertam Alliance Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 151,630,080 to 152,851,000, a change of 1,220,920 (0.8%).
- Net income of 1,222,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.22 Million | +0.8% |
| Other Changes | RM-1.08K | -0.0% |
| Total Change | RM- | 0.81% |
Book Value vs Market Value Analysis
This analysis compares Bertam Alliance 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: 0.41x
- 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 0.19x to 0.41x 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 | RM0.70 | RM0.13 | x |
| 2017-12-31 | RM1.00 | RM0.13 | x |
| 2018-12-31 | RM0.90 | RM0.13 | x |
| 2019-12-31 | RM0.76 | RM0.13 | x |
| 2020-12-31 | RM0.57 | RM0.13 | x |
| 2021-12-31 | RM0.47 | RM0.13 | x |
| 2022-12-31 | RM0.53 | RM0.13 | x |
| 2023-12-31 | RM0.45 | RM0.13 | x |
| 2024-12-31 | RM0.31 | RM0.13 | x |
| 2025-12-31 | RM0.32 | RM0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bertam Alliance 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): 0.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.85%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.21x
- Recent ROE (0.80%) is above the historical average (-3.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -16.96% | -216.74% | 0.04x | 2.02x | RM-38.78 Million |
| 2017 | 30.39% | 43.24% | 0.53x | 1.33x | RM42.14 Million |
| 2018 | -10.96% | -2497.71% | 0.00x | 1.36x | RM-39.03 Million |
| 2019 | -10.01% | -149.46% | 0.05x | 1.26x | RM-31.60 Million |
| 2020 | -34.87% | -640.23% | 0.04x | 1.31x | RM-52.55 Million |
| 2021 | -3.85% | -127.97% | 0.02x | 1.30x | RM-16.13 Million |
| 2022 | 11.62% | 70.86% | 0.14x | 1.19x | RM2.13 Million |
| 2023 | 0.43% | 2.51% | 0.14x | 1.22x | RM-12.66 Million |
| 2024 | 1.20% | 5.54% | 0.18x | 1.19x | RM-13.35 Million |
| 2025 | 0.80% | 4.85% | 0.14x | 1.21x | RM-14.06 Million |
Industry Comparison
This section compares Bertam Alliance Bhd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $930,563,000
- Average return on equity (ROE) among peers: -0.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bertam Alliance Bhd (9814) | RM152.85 Million | -16.96% | 0.21x | $15.79 Million |
| Menang Corporation (Malaysia) Bhd (1694) | $475.38 Million | 4.60% | 1.01x | $118.69 Million |
| Pegasus Heights Bhd (4464) | $135.01 Million | -14.20% | 0.08x | $13.58 Million |
| Meridian Bhd (5040) | $133.59 Million | -9.21% | 0.39x | $1.79 Million |
| IGB Bhd (5606) | $3.76 Billion | 4.23% | 1.38x | $1.19 Billion |
| SHL Consolidated Bhd (6017) | $790.47 Million | 8.74% | 0.19x | $136.78 Million |
| Y&G Corp Bhd (7003) | $289.44 Million | 3.82% | 0.12x | $15.36 Million |
About Bertam Alliance Bhd
Bertam Alliance Berhad, an investment holding company, engages in the development of residential, commercial, and mixed-development properties in Malaysia. The company operates through three segments: Property Development, Construction and Trading, and Corporate and Other. It also undertakes general construction works and supplies building materials; and provides construction management services.… Read more