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.
HB Global Ltd
Physical assets are 73.8% of total assets, a heavy footprint. EBITDA after capex covers debt service by -3.45x, which is below 1.
Fixed-asset turnover is 0.53x. Compare it with other names in the same basket.
Physical asset ratio
73.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 149.31MpropertyPlantEquipmentInventoryMYR 5.31MinventoryTotal assetsMYR 209.47MtotalAssetsResult 73.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.53xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueMYR 78.41MtotalRevenueNet PP&EMYR 149.31MpropertyPlantEquipmentResult 0.53x
Revenue per dollar of the physical asset base.
Capex / D&A
—Capex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexMYR 338.00KcapitalExpendituresD&A—Not reportedResult —
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
MYR 0.15Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 209.47MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 29.92MintangibleAssetsLiabilitiesMYR 59.64MtotalLiabTangible bookMYR 119.92MShares781,993,740commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result MYR 0.15
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / shareMYR 0.152025-12-31A live quote was not available, so price / tangible book could not be calculated.Result —
Quote unavailable.
Fixed-charge coverage
-3.45xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-MYR 6.76MebitdaCapexMYR 338.00KcapitalExpendituresInterestMYR 1.06MinterestExpenseShort-term debtMYR 1.00MshortLongTermDebtEBITDA − capex-MYR 7.10MPrincipal due is the current portion of debt.Result -3.45x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-116.7%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-MYR 10.04MfreeCashFlowMarket capMYR 8.60MMarketCapitalizationResult -116.7%
Latest free cash flow divided by current market cap (MYR 8.60M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-MYR 6.76MoperatingIncomeTax expenseMYR 89.00KtaxProvisionPretax income-MYR 7.82MincomeBeforeTaxTax rate—EquityMYR 149.83MtotalStockholderEquityDebtMYR 36.99MlongTermDebt + shortLongTermDebtCashMYR 1.58McashInvested capitalMYR 185.24MROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.05x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 59.3%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 273.58MpropertyPlantEquipmentInventoryMYR 15.31MinventoryTotal assetsMYR 486.97MtotalAssetsResult 59.3% | 0.60xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueMYR 163.83MtotalRevenueNet PP&EMYR 273.58MpropertyPlantEquipmentResult 0.60x | 0.11xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexMYR 2.01McapitalExpendituresD&AMYR 18.95MreconciledDepreciationResult 0.11x | MYR 0.56Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 486.97MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 64.01MintangibleAssetsLiabilitiesMYR 162.72MtotalLiabTangible bookMYR 260.24MShares468,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result MYR 0.56 | 0.47xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 44.37MebitdaCapexMYR 2.01McapitalExpendituresInterestMYR 7.09MinterestExpenseShort-term debtMYR 83.18MshortTermDebtEBITDA − capexMYR 42.36MPrincipal due is short-term debt.Result 0.47x | MYR 2.69MFree cash flow · 2018-12-31Reported free cash flowOperating cash flowMYR 4.70MtotalCashFromOperatingActivitiesCapexMYR 2.01McapitalExpendituresFree cash flowMYR 2.69MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 2.69M | 5.9%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 25.42MoperatingIncomeTax expenseMYR 0.00taxProvisionPretax incomeMYR 18.33MincomeBeforeTaxTax rate0.0%EquityMYR 324.25MtotalStockholderEquityDebtMYR 103.59MshortLongTermDebtTotalCashMYR 108.00KcashInvested capitalMYR 427.73MResult 5.9% | 0.09xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeMYR 25.42MoperatingIncomeNet PP&EMYR 273.58MpropertyPlantEquipmentResult 0.09x |
| 2019 | 60.5%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 280.58MpropertyPlantEquipmentInventoryMYR 10.80MinventoryTotal assetsMYR 481.24MtotalAssetsResult 60.5% | 0.56xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueMYR 157.48MtotalRevenueNet PP&EMYR 280.58MpropertyPlantEquipmentResult 0.56x | 1.30xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexMYR 23.53McapitalExpendituresD&AMYR 18.03MreconciledDepreciationResult 1.30x | MYR 0.60Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 481.24MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 62.51MintangibleAssetsLiabilitiesMYR 140.15MtotalLiabTangible bookMYR 278.57MShares468,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result MYR 0.60 | 0.21xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAMYR 42.08MebitdaCapexMYR 23.53McapitalExpendituresInterestMYR 7.22MinterestExpenseShort-term debtMYR 83.17MshortTermDebtEBITDA − capexMYR 18.55MPrincipal due is short-term debt.Result 0.21x | MYR 19.36MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowMYR 42.89MtotalCashFromOperatingActivitiesCapexMYR 23.53McapitalExpendituresFree cash flowMYR 19.36MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 19.36M | 5.4%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeMYR 24.05MoperatingIncomeTax expenseMYR 0.00taxProvisionPretax incomeMYR 16.83MincomeBeforeTaxTax rate0.0%EquityMYR 341.08MtotalStockholderEquityDebtMYR 104.15MshortLongTermDebtTotalCashMYR 1.57McashInvested capitalMYR 443.65MResult 5.4% | 0.09xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeMYR 24.05MoperatingIncomeNet PP&EMYR 280.58MpropertyPlantEquipmentResult 0.09x |
| 2020 | 52.5%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 210.58MpropertyPlantEquipmentInventoryMYR 9.82MinventoryTotal assetsMYR 419.76MtotalAssetsResult 52.5% | 0.46xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueMYR 97.88MtotalRevenueNet PP&EMYR 210.58MpropertyPlantEquipmentResult 0.46x | 0.04xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexMYR 735.00KcapitalExpendituresD&AMYR 17.21MreconciledDepreciationResult 0.04x | MYR 0.47Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 419.76MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 74.60MintangibleAssetsLiabilitiesMYR 123.97MtotalLiabTangible bookMYR 221.20MShares468,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result MYR 0.47 | -0.34xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-MYR 23.70MebitdaCapexMYR 735.00KcapitalExpendituresInterestMYR 4.38MinterestExpenseShort-term debtMYR 68.56MshortTermDebtEBITDA − capex-MYR 24.44MPrincipal due is short-term debt.Result -0.34x | -MYR 99.00KFree cash flow · 2020-12-31Reported free cash flowOperating cash flowMYR 636.00KtotalCashFromOperatingActivitiesCapexMYR 735.00KcapitalExpendituresFree cash flow-MYR 99.00KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 99.00K | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-MYR 40.91MoperatingIncomeTax expenseMYR 0.00taxProvisionPretax income-MYR 45.29MincomeBeforeTaxTax rate—EquityMYR 295.79MtotalStockholderEquityDebtMYR 68.56MshortLongTermDebtTotalCashMYR 182.00KcashInvested capitalMYR 364.17MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.19xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-MYR 40.91MoperatingIncomeNet PP&EMYR 210.58MpropertyPlantEquipmentResult -0.19x |
| 2021 | 44.5%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 211.46MpropertyPlantEquipmentInventoryMYR 7.85MinventoryTotal assetsMYR 493.24MtotalAssetsResult 44.5% | 0.62xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueMYR 131.46MtotalRevenueNet PP&EMYR 211.46MpropertyPlantEquipmentResult 0.62x | 0.35xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexMYR 5.67McapitalExpendituresD&AMYR 16.32MreconciledDepreciationResult 0.35x | MYR 0.37Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 493.24MtotalAssetsGoodwillMYR 0.00goodWillIntangiblesMYR 83.24MintangibleAssetsLiabilitiesMYR 124.12MtotalLiabTangible bookMYR 285.88MShares770,014,000commonStockSharesOutstandingResult MYR 0.37 | -0.32xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-MYR 18.59MebitdaCapexMYR 5.67McapitalExpendituresInterestMYR 3.63MinterestExpenseShort-term debtMYR 71.54MshortTermDebtEBITDA − capex-MYR 24.26MPrincipal due is short-term debt.Result -0.32x | -MYR 20.23MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-MYR 14.55MtotalCashFromOperatingActivitiesCapexMYR 5.67McapitalExpendituresFree cash flow-MYR 20.23MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 20.23M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-MYR 34.91MoperatingIncomeTax expenseMYR 1.00KincomeTaxExpensePretax income-MYR 38.54MincomeBeforeTaxTax rate—EquityMYR 369.12MtotalStockholderEquityDebtMYR 77.88MlongTermDebt + shortLongTermDebtCashMYR 10.89McashInvested capitalMYR 436.12MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.17xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-MYR 34.91MoperatingIncomeNet PP&EMYR 211.46MpropertyPlantEquipmentResult -0.17x |
| 2022 | 76.5%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 195.85MpropertyPlantEquipmentInventoryMYR 11.04MinventoryTotal assetsMYR 270.31MtotalAssetsResult 76.5% | 0.39xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueMYR 76.07MtotalRevenueNet PP&EMYR 195.85MpropertyPlantEquipmentResult 0.39x | 0.01xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexMYR 185.00KcapitalExpendituresD&AMYR 16.47MreconciledDepreciationResult 0.01x | MYR 0.21Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 270.31MtotalAssetsGoodwillMYR 0.00goodWillIntangiblesMYR 39.33MintangibleAssetsLiabilitiesMYR 64.97MtotalLiabTangible bookMYR 166.02MShares777,714,000commonStockSharesOutstandingResult MYR 0.21 | -2.89xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-MYR 148.30MebitdaCapexMYR 185.00KcapitalExpendituresInterestMYR 2.92MinterestExpenseShort-term debtMYR 48.49MshortTermDebtEBITDA − capex-MYR 148.49MPrincipal due is short-term debt.Result -2.89x | -MYR 4.23MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-MYR 2.20MtotalCashFromOperatingActivitiesCapexMYR 185.00KcapitalExpendituresFree cash flow-MYR 4.23MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 4.23M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-MYR 164.78MoperatingIncomeTax expenseMYR 1.00KtaxProvisionPretax income-MYR 167.70MincomeBeforeTaxTax rate—EquityMYR 205.34MtotalStockholderEquityDebtMYR 48.49MlongTermDebt + shortLongTermDebtCashMYR 2.23McashInvested capitalMYR 251.60MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.84xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-MYR 164.78MoperatingIncomeNet PP&EMYR 195.85MpropertyPlantEquipmentResult -0.84x |
| 2023 | 79.5%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 169.94MpropertyPlantEquipmentInventoryMYR 6.88MinventoryTotal assetsMYR 222.34MtotalAssetsResult 79.5% | 0.47xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueMYR 80.05MtotalRevenueNet PP&EMYR 169.94MpropertyPlantEquipmentResult 0.47x | 0.00xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexMYR 53.00KcapitalExpendituresD&AMYR 13.87MreconciledDepreciationResult 0.00x | MYR 0.17Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 222.34MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 31.62MintangibleAssetsLiabilitiesMYR 59.98MtotalLiabTangible bookMYR 130.74MShares781,993,740commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result MYR 0.17 | -0.66xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-MYR 30.26MebitdaCapexMYR 53.00KcapitalExpendituresInterestMYR 1.71MinterestExpenseShort-term debtMYR 44.39MshortTermDebtEBITDA − capex-MYR 30.32MPrincipal due is short-term debt.Result -0.66x | MYR 1.19MFree cash flow · 2023-12-31Reported free cash flowOperating cash flowMYR 1.25MtotalCashFromOperatingActivitiesCapexMYR 53.00KcapitalExpendituresFree cash flowMYR 1.19MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 1.19M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-MYR 44.13MoperatingIncomeTax expenseMYR 0.00taxProvisionPretax income-MYR 45.84MincomeBeforeTaxTax rate—EquityMYR 162.36MtotalStockholderEquityDebtMYR 44.39MlongTermDebt + shortLongTermDebtCashMYR 446.00KcashInvested capitalMYR 206.30MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.26xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-MYR 44.13MoperatingIncomeNet PP&EMYR 169.94MpropertyPlantEquipmentResult -0.26x |
| 2024 | 76.7%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 160.15MpropertyPlantEquipmentInventoryMYR 4.96MinventoryTotal assetsMYR 215.23MtotalAssetsResult 76.7% | 0.50xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueMYR 80.73MtotalRevenueNet PP&EMYR 160.15MpropertyPlantEquipmentResult 0.50x | 0.09xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexMYR 1.09McapitalExpendituresD&AMYR 12.45MreconciledDepreciationResult 0.09x | MYR 0.16Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 215.23MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 30.77MintangibleAssetsLiabilitiesMYR 56.95MtotalLiabTangible bookMYR 127.52MShares781,994,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result MYR 0.16 | -3.01xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-MYR 2.44MebitdaCapexMYR 1.09McapitalExpendituresInterestMYR 1.17MinterestExpenseShort-term debtMYR 0.00shortTermDebtEBITDA − capex-MYR 3.53MPrincipal due is short-term debt.Result -3.01x | MYR 7.33MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowMYR 8.43MtotalCashFromOperatingActivitiesCapexMYR 1.09McapitalExpendituresFree cash flowMYR 7.33MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result MYR 7.33M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-MYR 2.44MoperatingIncomeTax expenseMYR 0.00taxProvisionPretax income-MYR 3.61MincomeBeforeTaxTax rate—EquityMYR 158.28MtotalStockholderEquityDebtMYR 37.99MlongTermDebt + shortLongTermDebtCashMYR 2.78McashInvested capitalMYR 193.50MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.02xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-MYR 2.44MoperatingIncomeNet PP&EMYR 160.15MpropertyPlantEquipmentResult -0.02x |
| 2025 | 73.8%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EMYR 149.31MpropertyPlantEquipmentInventoryMYR 5.31MinventoryTotal assetsMYR 209.47MtotalAssetsResult 73.8% | 0.53xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueMYR 78.41MtotalRevenueNet PP&EMYR 149.31MpropertyPlantEquipmentResult 0.53x | —Capex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexMYR 338.00KcapitalExpendituresD&A—Not reportedResult — | MYR 0.15Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsMYR 209.47MtotalAssetsGoodwillMYR 0.00Not reported, treated as 0IntangiblesMYR 29.92MintangibleAssetsLiabilitiesMYR 59.64MtotalLiabTangible bookMYR 119.92MShares781,993,740commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result MYR 0.15 | -3.45xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-MYR 6.76MebitdaCapexMYR 338.00KcapitalExpendituresInterestMYR 1.06MinterestExpenseShort-term debtMYR 1.00MshortLongTermDebtEBITDA − capex-MYR 7.10MPrincipal due is the current portion of debt.Result -3.45x | -MYR 10.04MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-MYR 9.70MtotalCashFromOperatingActivitiesCapexMYR 338.00KcapitalExpendituresFree cash flow-MYR 10.04MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -MYR 10.04M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-MYR 6.76MoperatingIncomeTax expenseMYR 89.00KtaxProvisionPretax income-MYR 7.82MincomeBeforeTaxTax rate—EquityMYR 149.83MtotalStockholderEquityDebtMYR 36.99MlongTermDebt + shortLongTermDebtCashMYR 1.58McashInvested capitalMYR 185.24MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.05xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-MYR 6.76MoperatingIncomeNet PP&EMYR 149.31MpropertyPlantEquipmentResult -0.05x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: MYR 149.31M
Inventory: MYR 5.31M
Total assets: MYR 209.47M
Goodwill: MYR 0.00
Intangibles: MYR 29.92M
Liabilities: MYR 59.64M
Tangible book: MYR 119.92M
Shares: 781,993,740
Revenue: MYR 78.41M
Capex: MYR 338.00K
D&A: —
EBITDA: -MYR 6.76M
Interest: MYR 1.06M
Short-term debt: MYR 1.00M
Free cash flow: -MYR 10.04M
Operating income: -MYR 6.76M
Invested capital: MYR 185.24M
Tax rate: —