Gromutual Bhd
Gromutual Berhad, an investment holding company, develops and manages properties in Malaysia. It operates through two segments: Property Development and Property Management. The company develops landed residential units, commercial buildings, high rise versatile business suites, and industrial parks primarily in Melaka and Johor states. It is also involved in letting of apartments and shop office… Read more
Gromutual Bhd (9962) - Net Assets
Latest net assets as of June 2025: RM446.61 Million MYR
Based on the latest financial reports, Gromutual Bhd (9962) has net assets worth RM446.61 Million MYR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM562.69 Million) and total liabilities (RM116.08 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 | RM446.61 Million |
| % of Total Assets | 79.37% |
| Annual Growth Rate | 3.67% |
| 5-Year Change | 12.08% |
| 10-Year Change | 30.57% |
| Growth Volatility | 2.01 |
Gromutual Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Gromutual 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 Gromutual Bhd (2012–2024)
The table below shows the annual net assets of Gromutual Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM409.97 Million | +4.00% |
| 2023-12-31 | RM394.21 Million | +3.26% |
| 2022-12-31 | RM381.76 Million | +1.93% |
| 2021-12-31 | RM374.53 Million | +2.39% |
| 2020-12-31 | RM365.79 Million | +2.22% |
| 2019-12-31 | RM357.86 Million | +2.75% |
| 2018-12-31 | RM348.29 Million | +0.66% |
| 2017-12-31 | RM346.02 Million | +3.78% |
| 2016-12-31 | RM333.43 Million | +6.19% |
| 2015-12-31 | RM314.00 Million | +2.95% |
| 2014-12-31 | RM305.00 Million | +6.27% |
| 2013-12-31 | RM287.00 Million | +7.89% |
| 2012-12-31 | RM266.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gromutual 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 52.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM221.65 Million | 54.07% |
| Common Stock | RM187.80 Million | 45.81% |
| Other Components | RM515.61K | 0.13% |
| Total Equity | RM409.97 Million | 100.00% |
Gromutual Bhd Competitors by Market Cap
The table below lists competitors of Gromutual Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bioalpha Holdings Bhd
KLSE:0179
|
$3.34 Million |
|
Universal Ibogaine Inc
PINK:IBOGF
|
$3.34 Million |
|
RFG Holdings Ltd
JSE:RFG
|
$3.34 Million |
|
HB Global Ltd
KLSE:5187
|
$3.34 Million |
|
Matinas BioPharma Holdings Inc
NYSE MKT:MTNB
|
$3.34 Million |
|
Sonim Technologies Inc
NASDAQ:SONM
|
$3.34 Million |
|
Tego Cyber Inc
PINK:TGCB
|
$3.33 Million |
|
Kiplin Metals Inc
PINK:ALDVF
|
$3.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gromutual Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 394,208,440 to 409,974,200, a change of 15,765,760 (4.0%).
- Net income of 17,643,810 contributed positively to equity growth.
- Dividend payments of 1,878,040 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM17.64 Million | +4.3% |
| Dividends Paid | RM1.88 Million | -0.46% |
| Other Changes | RM-10.00 | -0.0% |
| Total Change | RM- | 4.00% |
Book Value vs Market Value Analysis
This analysis compares Gromutual 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: 0.22x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.89 | RM0.24 | x |
| 2017-12-31 | RM0.92 | RM0.24 | x |
| 2018-12-31 | RM0.93 | RM0.24 | x |
| 2019-12-31 | RM0.95 | RM0.24 | x |
| 2020-12-31 | RM0.97 | RM0.24 | x |
| 2021-12-31 | RM1.00 | RM0.24 | x |
| 2022-12-31 | RM1.02 | RM0.24 | x |
| 2023-12-31 | RM1.05 | RM0.24 | x |
| 2024-12-31 | RM1.09 | RM0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gromutual 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): 4.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.10%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.31x
- Recent ROE (4.30%) is above the historical average (3.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.96% | 25.37% | 0.22x | 1.26x | RM-10.12 Million |
| 2017 | 5.81% | 30.53% | 0.15x | 1.26x | RM-14.50 Million |
| 2018 | 1.59% | 10.93% | 0.12x | 1.27x | RM-29.28 Million |
| 2019 | 3.20% | 19.44% | 0.13x | 1.26x | RM-24.34 Million |
| 2020 | 2.68% | 14.45% | 0.15x | 1.24x | RM-26.77 Million |
| 2021 | 3.34% | 23.29% | 0.12x | 1.21x | RM-24.96 Million |
| 2022 | 2.39% | 16.81% | 0.11x | 1.27x | RM-29.07 Million |
| 2023 | 3.98% | 19.89% | 0.16x | 1.25x | RM-23.73 Million |
| 2024 | 4.30% | 34.10% | 0.10x | 1.31x | RM-23.35 Million |
Industry Comparison
This section compares Gromutual Bhd's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $531,623,367
- Average return on equity (ROE) among peers: 2.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gromutual Bhd (9962) | RM446.61 Million | 6.96% | 0.26x | $3.34 Million |
| Tanco Holdings Bhd (2429) | $162.00 Million | -9.26% | 0.70x | $724.90 Million |
| Amalgamated Industrial Steel Berhad (2682) | $113.00 Million | -6.19% | 0.34x | $597.84K |
| EcoFirst Consolidated Bhd (3557) | $144.00 Million | 7.64% | 2.06x | $28.49 Million |
| Asian Pac Holdings Bhd (4057) | $862.32 Million | 8.54% | 0.89x | $14.92 Million |
| Glomac Bhd (5020) | $991.94 Million | 8.16% | 1.00x | $18.18 Million |
| Ibraco Bhd (5084) | $487.88 Million | 9.44% | 0.94x | $16.96 Million |
| Ivory Properties Group Bhd (5175) | $401.00 Million | 4.99% | 1.28x | $167.70K |
| Tambun Indah Land Bhd (5191) | $705.71 Million | 8.73% | 0.20x | $23.69 Million |
| Eco World International Bhd (5283) | $1.29 Billion | -2.66% | 0.00x | $31.27 Million |
| Farlim Group (Malaysia) Bhd (6041) | $155.40 Million | -3.25% | 0.08x | $1.42 Million |