Prestar Resources Bhd
Prestar Resources Berhad, an investment holding company, manufactures and trades in steel related products primarily in Malaysia. It operates in three segments: Investment, Trading, and Manufacturing. The company engages in the manufacturing of steel pipes and tubes; and supplying and installing guardrails, material handling equipment, pallet racking systems, wheelbarrows, hand trucks, and other … Read more
Prestar Resources Bhd (9873) - Net Assets
Latest net assets as of September 2025: RM448.38 Million MYR
Based on the latest financial reports, Prestar Resources Bhd (9873) has net assets worth RM448.38 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 (RM582.40 Million) and total liabilities (RM134.02 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 | RM448.38 Million |
| % of Total Assets | 76.99% |
| Annual Growth Rate | 5.28% |
| 5-Year Change | 44.87% |
| 10-Year Change | 61.57% |
| Growth Volatility | 10.81 |
Prestar Resources Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Prestar Resources 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 Prestar Resources Bhd (2012–2024)
The table below shows the annual net assets of Prestar Resources Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM441.08 Million | +0.57% |
| 2023-12-31 | RM438.56 Million | +5.30% |
| 2022-12-31 | RM416.49 Million | +1.99% |
| 2021-12-31 | RM408.37 Million | +34.13% |
| 2020-12-31 | RM304.46 Million | +6.96% |
| 2019-12-31 | RM284.65 Million | +1.58% |
| 2018-12-31 | RM280.23 Million | +0.67% |
| 2017-12-31 | RM278.37 Million | +17.59% |
| 2016-12-31 | RM236.73 Million | -13.28% |
| 2015-12-31 | RM273.00 Million | +5.00% |
| 2014-12-31 | RM260.00 Million | +2.77% |
| 2013-12-31 | RM253.00 Million | +6.30% |
| 2012-12-31 | RM238.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prestar Resources 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 110.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM314.84 Million | 71.38% |
| Common Stock | RM126.97 Million | 28.79% |
| Total Equity | RM441.08 Million | 100.00% |
Prestar Resources Bhd Competitors by Market Cap
The table below lists competitors of Prestar Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AULSF
PINK:AULSF
|
$9.49 Million |
|
P2 Gold Inc
OTCQB:PGLDF
|
$9.50 Million |
|
Macro Metals Ltd
AU:M4M
|
$9.50 Million |
|
AGMO
KLSE:0258
|
$9.50 Million |
|
IRSA Propiedades Comerciales S.A
BA:IRCP
|
$9.48 Million |
|
Clean Teq Water Ltd
PINK:CNQQF
|
$9.48 Million |
|
Fibromat (M) Berhad
KLSE:0355
|
$9.48 Million |
|
Newtree Co.Ltd
KQ:270870
|
$9.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prestar Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 438,564,000 to 441,079,000, a change of 2,515,000 (0.6%).
- Net income of 12,255,000 contributed positively to equity growth.
- Dividend payments of 8,977,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM12.26 Million | +2.78% |
| Dividends Paid | RM8.98 Million | -2.04% |
| Other Changes | RM-763.00K | -0.17% |
| Total Change | RM- | 0.57% |
Book Value vs Market Value Analysis
This analysis compares Prestar Resources 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: 0.24x
- 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 0.36x to 0.24x 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 | RM0.83 | RM0.30 | x |
| 2017-12-31 | RM0.88 | RM0.30 | x |
| 2018-12-31 | RM0.89 | RM0.30 | x |
| 2019-12-31 | RM0.91 | RM0.30 | x |
| 2020-12-31 | RM0.93 | RM0.30 | x |
| 2021-12-31 | RM1.13 | RM0.30 | x |
| 2022-12-31 | RM1.16 | RM0.30 | x |
| 2023-12-31 | RM1.22 | RM0.30 | x |
| 2024-12-31 | RM1.23 | RM0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prestar Resources 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): 2.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.57%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.27x
- Recent ROE (2.78%) is below the historical average (8.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.28% | 3.92% | 0.99x | 2.64x | RM666.80K |
| 2017 | 15.49% | 8.91% | 0.69x | 2.50x | RM15.29 Million |
| 2018 | 4.50% | 2.48% | 0.78x | 2.33x | RM-15.41 Million |
| 2019 | 1.94% | 1.22% | 0.88x | 1.82x | RM-22.94 Million |
| 2020 | 7.30% | 5.42% | 0.81x | 1.67x | RM-8.21 Million |
| 2021 | 23.31% | 17.67% | 0.70x | 1.89x | RM54.36 Million |
| 2022 | 3.65% | 2.50% | 0.93x | 1.57x | RM-26.46 Million |
| 2023 | 5.91% | 4.91% | 0.90x | 1.33x | RM-17.96 Million |
| 2024 | 2.78% | 2.57% | 0.85x | 1.27x | RM-31.85 Million |
Industry Comparison
This section compares Prestar Resources Bhd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $379,394,660
- Average return on equity (ROE) among peers: 5.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prestar Resources Bhd (9873) | RM448.38 Million | 10.28% | 0.30x | $9.49 Million |
| Tashin Holdings Bhd (0211) | $105.52 Million | 3.94% | 0.78x | $3.14 Million |
| LEFORM (0266) | $169.81 Million | 26.25% | 1.30x | $10.26 Million |
| Minox International Group Berhad (0288) | $49.43 Million | 20.85% | 0.61x | $2.59 Million |
| TSA (0297) | $150.04 Million | 26.76% | 0.61x | $3.80 Million |
| Hydropipes Industries Sdn. Bhd. (03060) | $8.17 Million | 0.00% | 0.21x | $658.12 |
| BWYS Group Berhad (0313) | $217.83 Million | 3.52% | 0.84x | $7.21 Million |
| Colform Group Berhad (0341) | $83.84 Million | 16.50% | 0.18x | $571.81 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Melewar Industrial Group Bhd (3778) | $322.00 Million | -66.77% | 3.42x | $5.14 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |