Sersol Bhd (0055) - Net Assets
Based on the latest financial reports, Sersol Bhd (0055) has net assets worth RM19.11 Million MYR (≈ $4.80 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM25.44 Million ≈ $6.39 Million USD) and total liabilities (RM6.33 Million ≈ $1.59 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 asset allocation strategy of Sersol Bhd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM19.11 Million |
| % of Total Assets | 75.11% |
| Annual Growth Rate | 0.97% |
| 5-Year Change | 18.7% |
| 10-Year Change | N/A |
| Growth Volatility | 16.83 |
Sersol Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Sersol Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 0055 company net worth.
Annual Net Assets for Sersol Bhd (2015–2024)
The table below shows the annual net assets of Sersol Bhd from 2015 to 2024. Also explore Sersol Bhd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM18.74 Million ≈ $4.71 Million |
-15.40% |
| 2023-12-31 | RM22.15 Million ≈ $5.56 Million |
-14.98% |
| 2022-12-31 | RM26.05 Million ≈ $6.54 Million |
+16.39% |
| 2021-12-31 | RM22.39 Million ≈ $5.62 Million |
+41.79% |
| 2020-12-31 | RM15.79 Million ≈ $3.96 Million |
+1.06% |
| 2019-12-31 | RM15.62 Million ≈ $3.92 Million |
-3.29% |
| 2018-12-31 | RM16.15 Million ≈ $4.06 Million |
-4.97% |
| 2017-12-31 | RM17.00 Million ≈ $4.27 Million |
+6.02% |
| 2016-12-31 | RM16.03 Million ≈ $4.03 Million |
-6.69% |
| 2015-12-31 | RM17.18 Million ≈ $4.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sersol 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 1724909000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.74 Million | 9.27% |
| Common Stock | RM17.00 Million | 90.73% |
| Total Equity | RM18.74 Million | 100.00% |
Sersol Bhd Competitors by Market Cap
The table below lists competitors of Sersol Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NETUM GROUP OYJ
F:79J
|
$8.08 Million |
|
Blue Gold Limited Class A Ordinary Shares
NASDAQ:BGL
|
$8.08 Million |
|
AB Effectenbeteiligungen AG
STU:JPH
|
$8.08 Million |
|
Euro Manganese Inc
AU:EMN
|
$8.08 Million |
|
Bitros Holding S.A
AT:MPITR
|
$8.08 Million |
|
Noida Toll Bridge Company Limited
NSE:NOIDATOLL
|
$8.07 Million |
|
Arrow Minerals Ltd
AU:AMD
|
$8.07 Million |
|
Shin Hwa Silup
KO:001770
|
$8.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sersol Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,152,260 to 18,740,400, a change of -3,411,860 (-15.4%).
- Net loss of 3,416,200 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-3.42 Million | -18.23% |
| Other Changes | RM4.34K | +0.02% |
| Total Change | RM- | -15.40% |
Book Value vs Market Value Analysis
This analysis compares Sersol 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: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.01x to 1.56x 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 | RM0.04 | RM0.04 | x |
| 2017-12-31 | RM0.04 | RM0.04 | x |
| 2018-12-31 | RM0.04 | RM0.04 | x |
| 2019-12-31 | RM0.04 | RM0.04 | x |
| 2020-12-31 | RM0.04 | RM0.04 | x |
| 2021-12-31 | RM0.05 | RM0.04 | x |
| 2022-12-31 | RM0.04 | RM0.04 | x |
| 2023-12-31 | RM0.03 | RM0.04 | x |
| 2024-12-31 | RM0.03 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sersol 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): -18.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.21%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.33x
- Recent ROE (-18.23%) is below the historical average (-16.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -10.70% | -8.64% | 0.85x | 1.46x | RM-3.56 Million |
| 2016 | -7.66% | -6.01% | 0.91x | 1.40x | RM-2.83 Million |
| 2017 | 1.60% | 1.50% | 0.81x | 1.31x | RM-1.43 Million |
| 2018 | -4.75% | -4.26% | 0.90x | 1.25x | RM-2.38 Million |
| 2019 | -4.21% | -3.68% | 0.89x | 1.29x | RM-2.22 Million |
| 2020 | 1.27% | 0.99% | 0.99x | 1.30x | RM-1.38 Million |
| 2021 | -8.05% | -11.58% | 0.60x | 1.16x | RM-4.04 Million |
| 2022 | -59.92% | -81.78% | 0.63x | 1.17x | RM-18.22 Million |
| 2023 | -57.28% | -58.05% | 0.81x | 1.21x | RM-14.91 Million |
| 2024 | -18.23% | -26.21% | 0.52x | 1.33x | RM-5.29 Million |
Industry Comparison
This section compares Sersol Bhd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $669,852,448
- Average return on equity (ROE) among peers: -0.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sersol Bhd (0055) | RM19.11 Million | -10.70% | 0.33x | $8.08 Million |
| Karyon Industries Bhd (0054) | $127.31 Million | 6.99% | 0.22x | $18.51 Million |
| ES Ceramics Technology Bhd (0100) | $197.03 Million | 3.27% | 0.74x | $31.96 Million |
| Asia Poly Holdings Bhd (0105) | $79.45 Million | 0.81% | 0.34x | $25.15 Million |
| Dpi Holdings Berhad (0205) | $84.96 Million | 3.44% | 0.09x | $19.25 Million |
| Comfort Gloves Bhd (2127) | $103.56 Million | -36.66% | 0.92x | $23.99 Million |
| Hexza Corporation Bhd (3298) | $349.42 Million | 1.75% | 0.04x | $55.75 Million |
| Ancom Berhad (4758) | $582.15 Million | 14.00% | 1.11x | $225.54 Million |
| Paos Holdings Bhd (5022) | $88.25 Million | 0.11% | 0.67x | $12.74 Million |
| Hartalega Holdings Bhd (5168) | $4.42 Billion | 2.33% | 0.11x | $1.00 Billion |
About Sersol Bhd
Sersol Berhad, an investment holding company, manufactures and sells coatings, thinners, industrial chemicals, paints, chemical solvents, and aluminum and metal products in Malaysia and Thailand. The company operates through three segments: Plastic and Metal Coatings, Decorative Coatings, and Provision of Money Lending Services. It trades in architectural coatings and wall surface finishing mater… Read more