HSS Engineers Bhd
HSS Engineers Berhad, an investment holding company, provides engineering and project management primarily in Malaysia, the Middle East, Cambodia, the Philippines, India, and Indonesia. The company operate through Engineering Design, Construction Supervision, Project Management, and Digital Transformation Services segments. It offers engineering design services, which include construction of supe… Read more
HSS Engineers Bhd (0185) - Net Assets
Latest net assets as of September 2025: RM297.51 Million MYR
Based on the latest financial reports, HSS Engineers Bhd (0185) has net assets worth RM297.51 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 (RM475.51 Million) and total liabilities (RM178.00 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 | RM297.51 Million |
| % of Total Assets | 62.57% |
| Annual Growth Rate | 26.19% |
| 5-Year Change | 29.74% |
| 10-Year Change | N/A |
| Growth Volatility | 51.2 |
HSS Engineers Bhd - Net Assets Trend (2015–2024)
This chart illustrates how HSS Engineers 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 HSS Engineers Bhd (2015–2024)
The table below shows the annual net assets of HSS Engineers Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM291.76 Million | +12.60% |
| 2023-12-31 | RM259.12 Million | +6.63% |
| 2022-12-31 | RM243.00 Million | +6.62% |
| 2021-12-31 | RM227.91 Million | +1.35% |
| 2020-12-31 | RM224.88 Million | +5.04% |
| 2019-12-31 | RM214.08 Million | +0.55% |
| 2018-12-31 | RM212.92 Million | +138.70% |
| 2017-12-31 | RM89.20 Million | +13.33% |
| 2016-12-31 | RM78.71 Million | +119.00% |
| 2015-12-31 | RM35.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HSS Engineers 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 decreased by 20.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM23.36 Million | 8.00% |
| Common Stock | RM268.44 Million | 91.95% |
| Other Components | RM143.81K | 0.05% |
| Total Equity | RM291.95 Million | 100.00% |
HSS Engineers Bhd Competitors by Market Cap
The table below lists competitors of HSS Engineers Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vardhman Holdings Limited
NSE:VHL
|
$19.36 Million |
|
ULMA Construccion Polska SA
WAR:ULM
|
$19.36 Million |
|
Paru Co. Ltd
KQ:043200
|
$19.37 Million |
|
Next Entertainment World Co. Ltd
KQ:160550
|
$19.37 Million |
|
Ashford Hospitality Trust Inc
NYSE:AHT
|
$19.35 Million |
|
Gigalane Co Ltd
KQ:049080
|
$19.35 Million |
|
Dongil Ind
KO:004890
|
$19.35 Million |
|
Techlead NPN Public Company Limited
BK:TL
|
$19.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HSS Engineers Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 259,117,070 to 291,946,000, a change of 32,828,930 (12.7%).
- Net income of 25,088,930 contributed positively to equity growth.
- Dividend payments of 6,152,610 reduced retained earnings.
- Share repurchases of 13,875,000 reduced equity.
- New share issuances of 13,875,000 increased equity.
- Other factors increased equity by 13,892,610.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM25.09 Million | +8.59% |
| Dividends Paid | RM6.15 Million | -2.11% |
| Share Repurchases | RM13.88 Million | -4.75% |
| Share Issuances | RM13.88 Million | +4.75% |
| Other Changes | RM13.89 Million | +4.76% |
| Total Change | RM- | 12.67% |
Book Value vs Market Value Analysis
This analysis compares HSS Engineers 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: 0.63x
- 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 1.51x to 0.63x 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 | RM0.24 | RM0.36 | x |
| 2017-12-31 | RM0.27 | RM0.36 | x |
| 2018-12-31 | RM0.43 | RM0.36 | x |
| 2019-12-31 | RM0.43 | RM0.36 | x |
| 2020-12-31 | RM0.45 | RM0.36 | x |
| 2021-12-31 | RM0.46 | RM0.36 | x |
| 2022-12-31 | RM0.49 | RM0.36 | x |
| 2023-12-31 | RM0.52 | RM0.36 | x |
| 2024-12-31 | RM0.57 | RM0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HSS Engineers 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): 8.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.47%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.43x
- Recent ROE (8.59%) is above the historical average (4.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 28.20% | 8.34% | 1.57x | 2.15x | RM6.54 Million |
| 2016 | 17.81% | 10.08% | 1.11x | 1.59x | RM6.15 Million |
| 2017 | 16.85% | 10.32% | 0.98x | 1.67x | RM6.11 Million |
| 2018 | -48.30% | -54.21% | 0.50x | 1.77x | RM-124.13 Million |
| 2019 | 0.55% | 0.80% | 0.43x | 1.62x | RM-20.22 Million |
| 2020 | 4.82% | 6.38% | 0.47x | 1.62x | RM-11.64 Million |
| 2021 | 1.33% | 1.84% | 0.45x | 1.61x | RM-19.76 Million |
| 2022 | 6.23% | 8.13% | 0.46x | 1.66x | RM-9.17 Million |
| 2023 | 7.90% | 10.92% | 0.50x | 1.45x | RM-5.45 Million |
| 2024 | 8.59% | 12.47% | 0.48x | 1.43x | RM-4.11 Million |
Industry Comparison
This section compares HSS Engineers Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $110,926,743
- Average return on equity (ROE) among peers: 11.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HSS Engineers Bhd (0185) | RM297.51 Million | 28.20% | 0.60x | $19.35 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $86.27 Million |