HSS Engineers Bhd (0185) - Net Assets

Latest as of September 2025: RM297.51 Million MYR ≈ $74.70 Million USD

Based on the latest financial reports, HSS Engineers Bhd (0185) has net assets worth RM297.51 Million MYR (≈ $74.70 Million USD) 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 ≈ $119.38 Million USD) and total liabilities (RM178.00 Million ≈ $44.69 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 0185 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore HSS Engineers Bhd (0185) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see HSS Engineers Bhd market capitalisation.

Year	Net Assets	Change
2024-12-31	RM291.76 Million ≈ $73.25 Million	+12.60%
2023-12-31	RM259.12 Million ≈ $65.06 Million	+6.63%
2022-12-31	RM243.00 Million ≈ $61.01 Million	+6.62%
2021-12-31	RM227.91 Million ≈ $57.22 Million	+1.35%
2020-12-31	RM224.88 Million ≈ $56.46 Million	+5.04%
2019-12-31	RM214.08 Million ≈ $53.75 Million	+0.55%
2018-12-31	RM212.92 Million ≈ $53.46 Million	+138.70%
2017-12-31	RM89.20 Million ≈ $22.40 Million	+13.33%
2016-12-31	RM78.71 Million ≈ $19.76 Million	+119.00%
2015-12-31	RM35.94 Million ≈ $9.02 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
Korea New Network Co. Ltd KQ:058400	$54.92 Million
Kronox Lab Sciences Ltd NSE:KRONOX	$54.93 Million
Shin Tai Industry Co Ltd TW:1235	$54.93 Million
Flag Ship Acquisition Corp. Ordinary Shares NASDAQ:FSHP	$54.93 Million
HRS Co. Ltd KQ:036640	$54.87 Million
Tune Protect Group Bhd KLSE:5230	$54.87 Million
Melhus Sparebank OL:MELG	$54.85 Million
Herantis Pharma Oyj HE:HRTIS	$54.84 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: 0.75x
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 1.80x to 0.75x 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	RM0.43	x
2017-12-31	RM0.27	RM0.43	x
2018-12-31	RM0.43	RM0.43	x
2019-12-31	RM0.43	RM0.43	x
2020-12-31	RM0.45	RM0.43	x
2021-12-31	RM0.46	RM0.43	x
2022-12-31	RM0.49	RM0.43	x
2023-12-31	RM0.52	RM0.43	x
2024-12-31	RM0.57	RM0.43	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: $53,207,305
Average return on equity (ROE) among peers: -5.37%

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	$54.89 Million
Southern Score Builders Berhad (0045)	$-6.44 Million	0.00%	0.00x	$313.81 Million
Ecobuilt Holdings Bhd (0059)	$71.09 Million	-1.93%	0.04x	$3.17 Million
Mega Sun City Holdings Bhd (0081)	$50.82 Million	-3.25%	0.01x	$3.72 Million
Waja Konsortium Bhd (0102)	$40.78 Million	-60.22%	0.77x	$9.80 Million
Kelington Group Bhd (0151)	$78.47 Million	14.71%	1.93x	$1.41 Billion
Widad Group Bhd (0162)	$17.64 Million	-16.51%	0.17x	$7.84 Million
Pasukhas Group Bhd (0177)	$81.97 Million	0.74%	1.09x	$3.11 Million
Cabnet Holdings Bhd (0191)	$44.67 Million	2.71%	1.17x	$11.22 Million
Inta Bina Group Bhd (0192)	$99.86 Million	15.42%	1.52x	$59.42 Million

About HSS Engineers Bhd

KLSE:0185 Malaysia Engineering & Construction

Market Cap

$54.89 Million

RM218.65 Million MYR

Market Cap Rank

#21642 Global

#460 in Malaysia

Share Price

RM0.43

Change (1 day)

+0.00%

52-Week Range

RM0.30 - RM0.71

All Time High

RM1.82