Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Allianz Malaysia Bhd
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 0.68x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. That coverage ratio uses interest only, because short-term debt was not on the balance sheet.
Fixed-asset turnover is 41.73x. Compare it with other names in the same basket.
Physical asset ratio
0.6%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 168.14MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 30.49BtotalAssetsInventory was not reported and is treated as zero.Result 0.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
41.73xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueMYR 7.02BtotalRevenueNet PP&EMYR 168.14MpropertyPlantEquipmentResult 41.73x
Revenue per dollar of the physical asset base.
Capex / D&A
0.68xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexMYR 55.96McapitalExpendituresD&AMYR 81.94MdepreciationAndAmortizationResult 0.68x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
MYR 17.12Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 30.49BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 180.57MintangibleAssetsLiabilitiesMYR 24.21BtotalLiabTangible bookMYR 5.86BShares342,469,000commonStockSharesOutstandingResult MYR 17.12
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / shareMYR 17.122025-12-31A live quote was not available, so price / tangible book could not be calculated.Result —
Quote unavailable.
Fixed-charge coverage
732.96xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDAMYR 1.25BebitdaCapexMYR 55.96McapitalExpendituresInterestMYR 1.63MinterestExpenseEBITDA − capexMYR 1.19BShort-term debt was not reported, so the denominator is interest only.Result 732.96x
EBITDA minus capex, divided by interest only.
FCF yield
0.9%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowMYR 30.83MfreeCashFlowMarket capMYR 3.62BMarketCapitalizationResult 0.9%
Latest free cash flow divided by current market cap (MYR 3.62B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 1.17BoperatingIncomeTax expenseMYR 206.87MincomeTaxExpensePretax incomeMYR 1.17BincomeBeforeTaxTax rate17.7%EquityMYR 6.29BtotalStockholderEquityDebtMYR 32.74MshortLongTermDebtTotalCashMYR 17.65BcashAndShortTermInvestmentsInvested capital—Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 6.93x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 0.7%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 113.53MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 17.40BtotalAssetsInventory was not reported and is treated as zero.Result 0.7% | 39.92xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueMYR 4.53BtotalRevenueNet PP&EMYR 113.53MpropertyPlantEquipmentResult 39.92x | 0.80xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexMYR 27.27McapitalExpendituresD&AMYR 34.25MdepreciationAndAmortizationResult 0.80x | MYR 8.69Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 17.40BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 114.66MintangibleAssetsLiabilitiesMYR 14.04BtotalLiabTangible bookMYR 3.00BShares345,608,000commonStockSharesOutstandingResult MYR 8.69 | 4,574.57xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 553.35MebitdaCapexMYR 27.27McapitalExpendituresInterestMYR 115.00KinterestExpenseShort-term debtMYR 0.00shortTermDebtEBITDA − capexMYR 526.08MPrincipal due is short-term debt.Result 4,574.57x | MYR 405.77MFree cash flow · 2018-12-31Reported free cash flowOperating cash flowMYR 433.04MtotalCashFromOperatingActivitiesCapexMYR 27.27McapitalExpendituresFree cash flowMYR 405.77MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 405.77M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 518.98MoperatingIncomeTax expenseMYR 141.96MincomeTaxExpensePretax incomeMYR 518.98MincomeBeforeTaxTax rate27.4%EquityMYR 3.36BtotalStockholderEquityDebt—Not reportedCashMYR 7.89BcashAndShortTermInvestmentsInvested capital—Result — | 4.57xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeMYR 518.98MoperatingIncomeNet PP&EMYR 113.53MpropertyPlantEquipmentResult 4.57x |
| 2019 | 0.8%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 161.62MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 19.71BtotalAssetsInventory was not reported and is treated as zero.Result 0.8% | 34.80xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueMYR 5.62BtotalRevenueNet PP&EMYR 161.62MpropertyPlantEquipmentResult 34.80x | 0.28xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexMYR 14.83McapitalExpendituresD&AMYR 53.75MdepreciationAndAmortizationResult 0.28x | MYR 9.22Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 19.71BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 237.40MintangibleAssetsLiabilitiesMYR 16.04BtotalLiabTangible bookMYR 3.19BShares346,105,000commonStockSharesOutstandingResult MYR 9.22 | 288.71xFixed-charge coverage · 2019-12-31(EBITDA − capex) / interestEBITDAMYR 748.44MebitdaCapexMYR 14.83McapitalExpendituresInterestMYR 2.54MinterestExpenseEBITDA − capexMYR 733.61MShort-term debt was not reported, so the denominator is interest only.Result 288.71x | MYR 552.89MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowMYR 567.72MtotalCashFromOperatingActivitiesCapexMYR 14.83McapitalExpendituresFree cash flowMYR 552.89MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 552.89M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 692.14MoperatingIncomeTax expenseMYR 199.67MincomeTaxExpensePretax incomeMYR 692.14MincomeBeforeTaxTax rate28.8%EquityMYR 3.67BtotalStockholderEquityDebtMYR 57.12MshortLongTermDebtTotalCashMYR 8.62BcashAndShortTermInvestmentsInvested capital—Result — | 4.28xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeMYR 692.14MoperatingIncomeNet PP&EMYR 161.62MpropertyPlantEquipmentResult 4.28x |
| 2020 | 0.8%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 165.52MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 21.90BtotalAssetsInventory was not reported and is treated as zero.Result 0.8% | 34.58xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueMYR 5.72BtotalRevenueNet PP&EMYR 165.52MpropertyPlantEquipmentResult 34.58x | 0.48xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexMYR 26.69McapitalExpendituresD&AMYR 55.46MdepreciationAndAmortizationResult 0.48x | MYR 10.61Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 21.90BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 113.89MintangibleAssetsLiabilitiesMYR 17.87BtotalLiabTangible bookMYR 3.67BShares346,206,000commonStockSharesOutstandingResult MYR 10.61 | 39.30xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 786.82MebitdaCapexMYR 26.69McapitalExpendituresInterestMYR 1.73MinterestExpenseShort-term debtMYR 17.61MshortTermDebtEBITDA − capexMYR 760.14MPrincipal due is short-term debt.Result 39.30x | -MYR 162.23MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-MYR 135.55MtotalCashFromOperatingActivitiesCapexMYR 26.69McapitalExpendituresFree cash flow-MYR 162.23MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 162.23M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 729.63MoperatingIncomeTax expenseMYR 209.31MincomeTaxExpensePretax incomeMYR 729.63MincomeBeforeTaxTax rate28.7%EquityMYR 4.03BtotalStockholderEquityDebtMYR 42.79MshortLongTermDebtTotalCashMYR 9.27BcashAndShortTermInvestmentsInvested capital—Result — | 4.41xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeMYR 729.63MoperatingIncomeNet PP&EMYR 165.52MpropertyPlantEquipmentResult 4.41x |
| 2021 | 0.7%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 151.68MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 22.93BtotalAssetsInventory was not reported and is treated as zero.Result 0.7% | 37.85xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueMYR 5.74BtotalRevenueNet PP&EMYR 151.68MpropertyPlantEquipmentResult 37.85x | 0.49xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexMYR 28.30McapitalExpendituresD&AMYR 57.97MdepreciationAndAmortizationResult 0.49x | MYR 11.96Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 22.93BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 103.86MintangibleAssetsLiabilitiesMYR 18.45BtotalLiabTangible bookMYR 4.14BShares346,022,000commonStockSharesOutstandingResult MYR 11.96 | 36.38xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 684.52MebitdaCapexMYR 28.30McapitalExpendituresInterestMYR 966.00KinterestExpenseShort-term debtMYR 17.07MshortTermDebtEBITDA − capexMYR 656.22MPrincipal due is short-term debt.Result 36.38x | MYR 582.76MFree cash flow · 2021-12-31Reported free cash flowOperating cash flowMYR 611.06MtotalCashFromOperatingActivitiesCapexMYR 28.30McapitalExpendituresFree cash flowMYR 582.76MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 582.76M | 16.0%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 625.59MoperatingIncomeTax expenseMYR 147.09MincomeTaxExpensePretax incomeMYR 625.59MincomeBeforeTaxTax rate23.5%EquityMYR 4.49BtotalStockholderEquityDebtMYR 24.79MshortLongTermDebtTotalCashMYR 1.52BcashAndShortTermInvestmentsInvested capitalMYR 2.99BResult 16.0% | 4.12xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeMYR 625.59MoperatingIncomeNet PP&EMYR 151.68MpropertyPlantEquipmentResult 4.12x |
| 2022 | 0.6%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 144.34MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 23.99BtotalAssetsInventory was not reported and is treated as zero.Result 0.6% | 25.06xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueMYR 3.62BtotalRevenueNet PP&EMYR 144.34MpropertyPlantEquipmentResult 25.06x | 1.99xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexMYR 126.84McapitalExpendituresD&AMYR 63.88MdepreciationAndAmortizationResult 1.99x | MYR 12.29Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 23.99BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 177.24MintangibleAssetsLiabilitiesMYR 19.31BtotalLiabTangible bookMYR 4.26BShares346,148,000commonStockSharesOutstandingResult MYR 12.29 | 37.41xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 769.10MebitdaCapexMYR 126.84McapitalExpendituresInterestMYR 791.00KinterestExpenseShort-term debtMYR 16.38MshortTermDebtEBITDA − capexMYR 642.26MPrincipal due is short-term debt.Result 37.41x | MYR 1.06BFree cash flow · 2022-12-31Reported free cash flowOperating cash flowMYR 1.18BtotalCashFromOperatingActivitiesCapexMYR 126.84McapitalExpendituresFree cash flowMYR 1.06BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 1.06B | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 873.73MoperatingIncomeTax expenseMYR 260.06MincomeTaxExpensePretax incomeMYR 873.73MincomeBeforeTaxTax rate29.8%EquityMYR 4.68BtotalStockholderEquityDebtMYR 19.17MshortLongTermDebtTotalCashMYR 14.64BcashAndShortTermInvestmentsInvested capital—Result — | 6.05xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeMYR 873.73MoperatingIncomeNet PP&EMYR 144.34MpropertyPlantEquipmentResult 6.05x |
| 2023 | 0.6%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 160.63MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 25.92BtotalAssetsInventory was not reported and is treated as zero.Result 0.6% | 27.21xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueMYR 4.37BtotalRevenueNet PP&EMYR 160.63MpropertyPlantEquipmentResult 27.21x | 0.83xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexMYR 54.14McapitalExpendituresD&AMYR 65.04MdepreciationAndAmortizationResult 0.83x | MYR 13.62Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 25.92BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 181.04MintangibleAssetsLiabilitiesMYR 20.78BtotalLiabTangible bookMYR 4.71BShares346,206,000commonStockSharesOutstandingResult MYR 13.62 | 1,286.24xFixed-charge coverage · 2023-12-31(EBITDA − capex) / interestEBITDAMYR 1.02BebitdaCapexMYR 54.14McapitalExpendituresInterestMYR 753.00KinterestExpenseEBITDA − capexMYR 968.54MShort-term debt was not reported, so the denominator is interest only.Result 1,286.24x | -MYR 294.53MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-MYR 240.39MtotalCashFromOperatingActivitiesCapexMYR 54.14McapitalExpendituresFree cash flow-MYR 294.53MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 294.53M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 956.89MoperatingIncomeTax expenseMYR 225.98MincomeTaxExpensePretax incomeMYR 956.89MincomeBeforeTaxTax rate23.6%EquityMYR 5.14BtotalStockholderEquityDebtMYR 25.30MshortLongTermDebtTotalCashMYR 15.10BcashAndShortTermInvestmentsInvested capital—Result — | 5.96xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeMYR 956.89MoperatingIncomeNet PP&EMYR 160.63MpropertyPlantEquipmentResult 5.96x |
| 2024 | 0.6%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 159.34MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 28.49BtotalAssetsInventory was not reported and is treated as zero.Result 0.6% | 33.02xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueMYR 5.26BtotalRevenueNet PP&EMYR 159.34MpropertyPlantEquipmentResult 33.02x | 0.66xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexMYR 43.66McapitalExpendituresD&AMYR 66.25MdepreciationAndAmortizationResult 0.66x | MYR 15.69Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 28.49BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 170.79MintangibleAssetsLiabilitiesMYR 22.66BtotalLiabTangible bookMYR 5.41BShares345,009,000commonStockSharesOutstandingResult MYR 15.69 | 85.54xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 1.07BebitdaCapexMYR 43.66McapitalExpendituresInterestMYR 1.12MinterestExpenseShort-term debtMYR 10.91MshortTermDebtEBITDA − capexMYR 1.03BPrincipal due is short-term debt.Result 85.54x | MYR 847.43MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowMYR 891.09MtotalCashFromOperatingActivitiesCapexMYR 43.66McapitalExpendituresFree cash flowMYR 847.43MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 847.43M | 20.2%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 1.01BoperatingIncomeTax expenseMYR 234.63MincomeTaxExpensePretax incomeMYR 1.01BincomeBeforeTaxTax rate23.3%EquityMYR 5.83BtotalStockholderEquityDebtMYR 17.73MshortLongTermDebtTotalCashMYR 2.03BcashAndEquivalentsInvested capitalMYR 3.82BResult 20.2% | 6.31xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeMYR 1.01BoperatingIncomeNet PP&EMYR 159.34MpropertyPlantEquipmentResult 6.31x |
| 2025 | 0.6%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 168.14MpropertyPlantEquipmentInventoryMYR 0.00Not reported, treated as 0Total assetsMYR 30.49BtotalAssetsInventory was not reported and is treated as zero.Result 0.6% | 41.73xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueMYR 7.02BtotalRevenueNet PP&EMYR 168.14MpropertyPlantEquipmentResult 41.73x | 0.68xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexMYR 55.96McapitalExpendituresD&AMYR 81.94MdepreciationAndAmortizationResult 0.68x | MYR 17.12Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 30.49BtotalAssetsGoodwillMYR 244.60MgoodWillIntangiblesMYR 180.57MintangibleAssetsLiabilitiesMYR 24.21BtotalLiabTangible bookMYR 5.86BShares342,469,000commonStockSharesOutstandingResult MYR 17.12 | 732.96xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDAMYR 1.25BebitdaCapexMYR 55.96McapitalExpendituresInterestMYR 1.63MinterestExpenseEBITDA − capexMYR 1.19BShort-term debt was not reported, so the denominator is interest only.Result 732.96x | MYR 30.83MFree cash flow · 2025-12-31Reported free cash flowOperating cash flowMYR 86.79MtotalCashFromOperatingActivitiesCapexMYR 55.96McapitalExpendituresFree cash flowMYR 30.83MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 30.83M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 1.17BoperatingIncomeTax expenseMYR 206.87MincomeTaxExpensePretax incomeMYR 1.17BincomeBeforeTaxTax rate17.7%EquityMYR 6.29BtotalStockholderEquityDebtMYR 32.74MshortLongTermDebtTotalCashMYR 17.65BcashAndShortTermInvestmentsInvested capital—Result — | 6.93xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeMYR 1.17BoperatingIncomeNet PP&EMYR 168.14MpropertyPlantEquipmentResult 6.93x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Fixed-charge coverage is EBITDA minus capex, divided by interest. Short-term debt was not reported, so principal due is left out.
Latest year inputs (2025)
Net PP&E: MYR 168.14M
Inventory: MYR 0.00
Total assets: MYR 30.49B
Goodwill: MYR 244.60M
Intangibles: MYR 180.57M
Liabilities: MYR 24.21B
Tangible book: MYR 5.86B
Shares: 342,469,000
Revenue: MYR 7.02B
Capex: MYR 55.96M
D&A: MYR 81.94M
EBITDA: MYR 1.25B
Interest: MYR 1.63M
Short-term debt: —
Free cash flow: MYR 30.83M
Operating income: MYR 1.17B
Invested capital: —
Tax rate: 17.7%