SDS Group Bhd
SDS Group Berhad, an investment holding company, engages in the manufacture, distribution, and retail of bakery products in Malaysia, Singapore, and Indonesia. It operates through three segments: Retail, Wholesale, and Other. The company offers breads, pastries, cakes, western and local food, casual dining, coffee and beverages, festive cookies, hampers, mooncakes, baby full month, and wedding gi… Read more
SDS Group Bhd (0212) - Net Assets
Latest net assets as of September 2025: RM165.89 Million MYR
Based on the latest financial reports, SDS Group Bhd (0212) has net assets worth RM165.89 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 (RM243.49 Million) and total liabilities (RM77.59 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 | RM165.89 Million |
| % of Total Assets | 68.13% |
| Annual Growth Rate | 25.22% |
| 5-Year Change | 117.02% |
| 10-Year Change | N/A |
| Growth Volatility | 15.95 |
SDS Group Bhd - Net Assets Trend (2016–2025)
This chart illustrates how SDS Group 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 SDS Group Bhd (2016–2025)
The table below shows the annual net assets of SDS Group Bhd from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM156.06 Million | +22.14% |
| 2024-03-31 | RM127.78 Million | +22.77% |
| 2023-03-31 | RM104.08 Million | +27.66% |
| 2022-03-31 | RM81.53 Million | +13.37% |
| 2021-03-31 | RM71.91 Million | +11.32% |
| 2020-03-31 | RM64.60 Million | +69.01% |
| 2019-03-31 | RM38.22 Million | +25.06% |
| 2018-03-31 | RM30.56 Million | +21.21% |
| 2017-03-31 | RM25.22 Million | +22.28% |
| 2016-03-31 | RM20.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SDS Group 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 616.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM128.02 Million | 82.49% |
| Common Stock | RM54.41 Million | 35.06% |
| Total Equity | RM155.19 Million | 100.00% |
SDS Group Bhd Competitors by Market Cap
The table below lists competitors of SDS Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oreterra Metals Corp.
V:OTMC
|
$13.16 Million |
|
Modular Medical Inc
NASDAQ:MODD
|
$13.16 Million |
|
Heritage NOLA Bancorp Inc
PINK:HRGG
|
$13.17 Million |
|
RN2 Technologies Co. Ltd
KQ:148250
|
$13.17 Million |
|
Evrofarma SA
AT:EVROF
|
$13.16 Million |
|
Kishin Corporation
KO:092440
|
$13.16 Million |
|
Norcod As
OL:NCOD
|
$13.16 Million |
|
Newhydrogen Inc
PINK:NEWH
|
$13.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SDS Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 127,777,000 to 155,195,000, a change of 27,418,000 (21.5%).
- Net income of 33,283,000 contributed positively to equity growth.
- Dividend payments of 5,530,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM33.28 Million | +21.45% |
| Dividends Paid | RM5.53 Million | -3.56% |
| Other Changes | RM-335.00K | -0.22% |
| Total Change | RM- | 21.46% |
Book Value vs Market Value Analysis
This analysis compares SDS Group 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: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.96x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.24 | RM0.48 | x |
| 2018-03-31 | RM0.29 | RM0.48 | x |
| 2019-03-31 | RM0.37 | RM0.48 | x |
| 2020-03-31 | RM0.16 | RM0.48 | x |
| 2021-03-31 | RM0.18 | RM0.48 | x |
| 2022-03-31 | RM0.20 | RM0.48 | x |
| 2023-03-31 | RM0.25 | RM0.48 | x |
| 2024-03-31 | RM0.23 | RM0.48 | x |
| 2025-03-31 | RM0.28 | RM0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SDS Group 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): 21.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.63%
- • Asset Turnover: 1.51x
- • Equity Multiplier: 1.47x
- Recent ROE (21.45%) is above the historical average (17.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 16.32% | 3.58% | 1.46x | 3.12x | RM1.30 Million |
| 2017 | 24.39% | 4.41% | 1.17x | 4.73x | RM3.63 Million |
| 2018 | 18.78% | 3.29% | 1.33x | 4.28x | RM2.68 Million |
| 2019 | 20.13% | 4.11% | 1.51x | 3.25x | RM3.87 Million |
| 2020 | 6.31% | 2.13% | 1.31x | 2.26x | RM-2.39 Million |
| 2021 | 10.11% | 4.18% | 1.25x | 1.93x | RM79.80K |
| 2022 | 13.02% | 5.35% | 1.39x | 1.76x | RM2.47 Million |
| 2023 | 23.72% | 8.65% | 1.75x | 1.57x | RM14.19 Million |
| 2024 | 25.47% | 10.04% | 1.68x | 1.51x | RM19.77 Million |
| 2025 | 21.45% | 9.63% | 1.51x | 1.47x | RM17.76 Million |
Industry Comparison
This section compares SDS Group Bhd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $70,776,604
- Average return on equity (ROE) among peers: 14.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SDS Group Bhd (0212) | RM165.89 Million | 16.32% | 0.47x | $13.16 Million |
| Three A Resources Bhd (0012) | $69.82 Million | 14.48% | 0.75x | $21.07 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $13.06 Million |
| Bioalpha Holdings Bhd (0179) | $186.67 Million | -0.69% | 0.16x | $3.34 Million |
| Nova Wellness Group Bhd (0201) | $93.94 Million | 15.49% | 0.11x | $3.85 Million |
| PTRB (0260) | $36.06 Million | 33.90% | 1.62x | $6.42 Million |
| MYMBN Berhad (0280) | $35.86 Million | 2.72% | 0.27x | $8.98 Million |
| SBH Marine Holdings Berhad (0300) | $77.33 Million | 10.74% | 0.33x | $4.98 Million |
| Sik Cheong Berhad (0316) | $19.96 Million | 30.20% | 0.23x | $1.75 Million |
| OB Holdings Berhad (0327) | $20.10 Million | 23.44% | 0.52x | $3.03 Million |