SDS Group Bhd (0212) - Net Assets

Latest as of March 2026: RM174.86 Million MYR ≈ $43.90 Million USD

Based on the latest financial reports, SDS Group Bhd (0212) has net assets worth RM174.86 Million MYR (≈ $43.90 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 (RM248.70 Million ≈ $62.44 Million USD) and total liabilities (RM73.84 Million ≈ $18.54 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 SDS Group Bhd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets RM174.86 Million
% of Total Assets 70.31%
Annual Growth Rate 23.84%
5-Year Change 114.48%
10-Year Change 593.44%
Growth Volatility 15.71

SDS Group Bhd - Net Assets Trend (2016–2026)

This chart illustrates how SDS Group Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SDS Group Bhd market capitalisation.

Annual Net Assets for SDS Group Bhd (2016–2026)

The table below shows the annual net assets of SDS Group Bhd from 2016 to 2026. Also explore net asset growth rate of SDS Group Bhd to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2026-03-31 RM174.86 Million
≈ $43.90 Million		 +12.04%
2025-03-31 RM156.06 Million
≈ $39.18 Million		 +22.14%
2024-03-31 RM127.78 Million
≈ $32.08 Million		 +22.77%
2023-03-31 RM104.08 Million
≈ $26.13 Million		 +27.66%
2022-03-31 RM81.53 Million
≈ $20.47 Million		 +13.37%
2021-03-31 RM71.91 Million
≈ $18.05 Million		 +11.32%
2020-03-31 RM64.60 Million
≈ $16.22 Million		 +69.01%
2019-03-31 RM38.22 Million
≈ $9.60 Million		 +25.06%
2018-03-31 RM30.56 Million
≈ $7.67 Million		 +21.21%
2017-03-31 RM25.22 Million
≈ $6.33 Million		 +22.28%
2016-03-31 RM20.62 Million
≈ $5.18 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 735.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component Amount Percentage
Retained Earnings RM149.40 Million 85.97%
Other Components RM24.38 Million 14.03%
Total Equity RM173.78 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
China Fineblanking Technology Co Ltd
TWO:1586
 $57.44 Million
Plastron Precision Co Ltd
TWO:6185
 $57.45 Million
Poalim Ibi
TA:PIU
 $57.47 Million
Awale Resources Ltd
V:ARIC
 $57.48 Million
UY Scuti Acquisition Corp.
NASDAQ:UYSC
 $57.43 Million
Polychem Indonesia Tbk
JK:ADMG
 $57.43 Million
WASGAU Produktions & Handels AG
F:MSH
 $57.42 Million
NTT System SA
WAR:NTT
 $57.42 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 2025 to 2026, total equity changed from 155,195,000 to 173,777,000, a change of 18,582,000 (12.0%).
  • Net income of 26,823,000 contributed positively to equity growth.
  • Dividend payments of 5,446,000 reduced retained earnings.
  • Share repurchases of 2,411,000 reduced equity.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income RM26.82 Million +15.44%
Dividends Paid RM5.45 Million -3.13%
Share Repurchases RM2.41 Million -1.39%
Other Changes RM-384.00K -0.22%
Total Change RM- 11.97%

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: 1.33x
  • 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 1.76x to 1.33x 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 RM0.43 x
2018-03-31 RM0.29 RM0.43 x
2019-03-31 RM0.37 RM0.43 x
2020-03-31 RM0.16 RM0.43 x
2021-03-31 RM0.18 RM0.43 x
2022-03-31 RM0.20 RM0.43 x
2023-03-31 RM0.25 RM0.43 x
2024-03-31 RM0.23 RM0.43 x
2025-03-31 RM0.28 RM0.43 x
2026-03-31 RM0.32 RM0.43 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): 15.44%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.00%
  • • Asset Turnover: 1.35x
  • • Equity Multiplier: 1.43x
  • Recent ROE (15.44%) is below the historical average (17.74%), suggesting potential challenges in 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
2026 15.44% 8.00% 1.35x 1.43x RM9.45 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: $1,161,027,933
  • Average return on equity (ROE) among peers: 9.42%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
SDS Group Bhd (0212) RM174.86 Million 16.32% 0.42x $57.44 Million
Three A Resources Bhd (0012) $309.31 Million 13.46% 0.20x $92.73 Million
Sunzen Biotech Bhd (0148) $149.84 Million 3.30% 0.14x $43.17 Million
Bioalpha Holdings Bhd (0179) $186.67 Million -0.69% 0.16x $7.06 Million
Nova Wellness Group Bhd (0201) $86.54 Million 15.03% 0.12x $28.01 Million
PTRB (0260) $73.33 Million 28.79% 0.89x $33.58 Million
MYMBN Berhad (0280) $35.86 Million 2.72% 0.27x $13.08 Million
SBH Marine Holdings Berhad (0300) $128.35 Million 1.87% 0.36x $37.90 Million
OB Holdings Berhad (0327) $63.63 Million 7.18% 0.21x $20.65 Million
IOI Corporation Bhd (1961) $9.42 Billion 13.13% 0.78x $7.73 Billion

About SDS Group Bhd

KLSE:0212 Malaysia Packaged Foods
Market Cap
$57.44 Million
RM228.79 Million MYR
Market Cap Rank
#21479 Global
#451 in Malaysia
Share Price
RM0.43
Change (1 day)
-1.16%
52-Week Range
RM0.34 - RM0.84
All Time High
RM1.30
Categories
Companies in Malaysia Packaged Foods
About

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