SMRT Holdings Bhd
SMRT Holdings Berhad, an investment holding company, engages information technology businesses primarily in Malaysia. The company provides software consultancy, and development and related services; and offers information technology solutions related to telecommunication application. The company was formerly known as SMR Technologies Berhad. SMRT Holdings Berhad was incorporated in 2004 and is ba… Read more
SMRT Holdings Bhd (0117) - Net Assets
Latest net assets as of September 2025: RM101.06 Million MYR
Based on the latest financial reports, SMRT Holdings Bhd (0117) has net assets worth RM101.06 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 (RM117.70 Million) and total liabilities (RM16.64 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 | RM101.06 Million |
| % of Total Assets | 85.87% |
| Annual Growth Rate | 14.0% |
| 5-Year Change | -14.56% |
| 10-Year Change | N/A |
| Growth Volatility | 115.65 |
SMRT Holdings Bhd - Net Assets Trend (2016–2024)
This chart illustrates how SMRT Holdings 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 SMRT Holdings Bhd (2016–2024)
The table below shows the annual net assets of SMRT Holdings Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM95.76 Million | +39.70% |
| 2023-12-31 | RM68.55 Million | +64.79% |
| 2022-12-31 | RM41.60 Million | -62.96% |
| 2021-12-31 | RM112.31 Million | +0.21% |
| 2020-12-31 | RM112.08 Million | -1.64% |
| 2019-12-31 | RM113.95 Million | -25.99% |
| 2018-12-31 | RM153.97 Million | +5.39% |
| 2017-12-31 | RM146.11 Million | +335.07% |
| 2016-12-31 | RM33.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SMRT Holdings 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 3382238000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.87 Million | 1.96% |
| Common Stock | RM95.39 Million | 99.61% |
| Total Equity | RM95.76 Million | 100.00% |
SMRT Holdings Bhd Competitors by Market Cap
The table below lists competitors of SMRT Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chibougamau Independent Mines Inc
PINK:CMAUF
|
$6.52 Million |
|
FACT II Acquisition Corp. Warrant
NASDAQ:FACTW
|
$6.52 Million |
|
Lotus KFM Bhd
KLSE:8303
|
$6.52 Million |
|
Viveon Health Acquisition Corp
NYSE MKT:VHAQ
|
$6.52 Million |
|
DREAMINSIGHT Co,.Ltd.
KQ:362990
|
$6.51 Million |
|
Yuasa Battery (Thailand) Public Company Limited
BK:YUASA
|
$6.51 Million |
|
Jade Marvel Group Bhd
KLSE:7043
|
$6.51 Million |
|
Diversified Gateway Solutions Bhd
KLSE:0131
|
$6.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMRT Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 68,548,000 to 95,762,000, a change of 27,214,000 (39.7%).
- Net income of 27,676,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM27.68 Million | +28.9% |
| Other Changes | RM-462.00K | -0.48% |
| Total Change | RM- | 39.70% |
Book Value vs Market Value Analysis
This analysis compares SMRT Holdings 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: 0.57x
- 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 1.06x to 0.57x 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 | RM0.11 | RM0.12 | x |
| 2017-12-31 | RM0.40 | RM0.12 | x |
| 2018-12-31 | RM0.38 | RM0.12 | x |
| 2019-12-31 | RM0.28 | RM0.12 | x |
| 2020-12-31 | RM0.26 | RM0.12 | x |
| 2021-12-31 | RM0.25 | RM0.12 | x |
| 2022-12-31 | RM0.09 | RM0.12 | x |
| 2023-12-31 | RM0.15 | RM0.12 | x |
| 2024-12-31 | RM0.21 | RM0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMRT Holdings 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): 28.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.64%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.18x
- Recent ROE (28.90%) is above the historical average (-6.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -110.20% | -45.43% | 0.84x | 2.89x | RM-40.36 Million |
| 2017 | 66.78% | 96.02% | 0.50x | 1.40x | RM82.96 Million |
| 2018 | 2.02% | 2.42% | 0.34x | 2.45x | RM-12.28 Million |
| 2019 | -35.07% | -28.35% | 0.26x | 4.81x | RM-51.35 Million |
| 2020 | -8.39% | -7.11% | 0.26x | 4.46x | RM-20.61 Million |
| 2021 | 1.49% | 1.05% | 0.33x | 4.32x | RM-9.55 Million |
| 2022 | -40.07% | -19.00% | 1.43x | 1.48x | RM-20.83 Million |
| 2023 | 37.99% | 37.69% | 0.81x | 1.24x | RM19.18 Million |
| 2024 | 28.90% | 40.64% | 0.60x | 1.18x | RM18.10 Million |
Industry Comparison
This section compares SMRT Holdings Bhd's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $86,341,067
- Average return on equity (ROE) among peers: 20.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMRT Holdings Bhd (0117) | RM101.06 Million | -110.20% | 0.16x | $6.51 Million |
| Eduspec Holdings Bhd (0107) | $74.44 Million | -13.51% | 0.53x | $7.97 Million |
| Peoplelogy Berhad (0356) | $34.50 Million | 15.85% | 0.23x | $6.14 Million |
| Minda Global Bhd (5166) | $202.62 Million | 1.73% | 1.21x | $8.64 Million |
| Awanbiru Technology Bhd (5204) | $29.01 Million | 52.10% | 0.52x | $30.69 Million |
| SEG International Bhd (9792) | $91.14 Million | 44.09% | 1.90x | $31.88 Million |