Spring Art Holdings Bhd
Spring Art Holdings Berhad, an investment holding company, engages in the design, development, manufacture, marketing, and sale of ready-to-assemble furniture products in Malaysia, rest of Asia, Africa, Europe, the Middle East, North America, Latin America, and Oceania. It offers office furniture, such as office workstations, filing cabinets, and pedestals; bedroom furniture, including beds, nigh… Read more
Spring Art Holdings Bhd (0216) - Net Assets
Latest net assets as of September 2025: RM89.28 Million MYR
Based on the latest financial reports, Spring Art Holdings Bhd (0216) has net assets worth RM89.28 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 (RM107.12 Million) and total liabilities (RM17.85 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 | RM89.28 Million |
| % of Total Assets | 83.34% |
| Annual Growth Rate | 20.67% |
| 5-Year Change | 27.53% |
| 10-Year Change | N/A |
| Growth Volatility | 23.14 |
Spring Art Holdings Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Spring Art 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 Spring Art Holdings Bhd (2015–2024)
The table below shows the annual net assets of Spring Art Holdings Bhd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM93.77 Million | +8.27% |
| 2023-12-31 | RM86.60 Million | +8.04% |
| 2022-12-31 | RM80.16 Million | +3.26% |
| 2021-12-31 | RM77.63 Million | +5.58% |
| 2020-12-31 | RM73.52 Million | +14.89% |
| 2019-12-31 | RM64.00 Million | +77.51% |
| 2018-12-31 | RM36.05 Million | +34.47% |
| 2017-12-31 | RM26.81 Million | +41.48% |
| 2016-12-31 | RM18.95 Million | +9.69% |
| 2015-12-31 | RM17.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spring Art 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 132.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM39.01 Million | 41.60% |
| Common Stock | RM54.76 Million | 58.40% |
| Total Equity | RM93.77 Million | 100.00% |
Spring Art Holdings Bhd Competitors by Market Cap
The table below lists competitors of Spring Art Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hexicon AB
ST:HEXI
|
$2.92 Million |
|
SIPP International Industries Inc
PINK:SIPN
|
$2.92 Million |
|
Cho Bi
KO:001550
|
$2.92 Million |
|
AUPLATA MIN. GRP EO-0005
F:A7PA
|
$2.92 Million |
|
NWP Holdings Bhd
KLSE:5025
|
$2.92 Million |
|
Pudjiadi & Sons Tbk
JK:PNSE
|
$2.92 Million |
|
Industronics Bhd
KLSE:9393
|
$2.92 Million |
|
Solution Engineering Holdings Bhd
KLSE:0093
|
$2.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spring Art Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 86,603,960 to 93,766,360, a change of 7,162,400 (8.3%).
- Net income of 9,240,300 contributed positively to equity growth.
- Dividend payments of 2,078,460 reduced retained earnings.
- Share repurchases of 560 reduced equity.
- New share issuances of 560 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM9.24 Million | +9.85% |
| Dividends Paid | RM2.08 Million | -2.22% |
| Share Repurchases | RM560.00 | -0.0% |
| Share Issuances | RM560.00 | +0.0% |
| Other Changes | RM560.00 | +0.0% |
| Total Change | RM- | 8.27% |
Book Value vs Market Value Analysis
This analysis compares Spring Art 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: 0.75x
- 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 2.85x 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 | RM0.06 | RM0.17 | x |
| 2017-12-31 | RM0.08 | RM0.17 | x |
| 2018-12-31 | RM0.11 | RM0.17 | x |
| 2019-12-31 | RM0.15 | RM0.17 | x |
| 2020-12-31 | RM0.18 | RM0.17 | x |
| 2021-12-31 | RM0.19 | RM0.17 | x |
| 2022-12-31 | RM0.19 | RM0.17 | x |
| 2023-12-31 | RM0.21 | RM0.17 | x |
| 2024-12-31 | RM0.23 | RM0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spring Art 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): 9.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.64%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.25x
- Recent ROE (9.85%) is below the historical average (17.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 41.64% | 19.75% | 1.44x | 1.47x | RM5.47 Million |
| 2016 | 39.44% | 18.10% | 1.48x | 1.47x | RM5.58 Million |
| 2017 | 29.32% | 16.28% | 1.39x | 1.30x | RM5.18 Million |
| 2018 | 17.28% | 12.36% | 1.00x | 1.39x | RM2.62 Million |
| 2019 | 12.61% | 13.13% | 0.75x | 1.28x | RM1.67 Million |
| 2020 | 8.84% | 12.06% | 0.58x | 1.27x | RM-850.92K |
| 2021 | 7.43% | 10.52% | 0.55x | 1.28x | RM-2.00 Million |
| 2022 | 2.71% | 4.79% | 0.43x | 1.31x | RM-5.85 Million |
| 2023 | 6.34% | 9.76% | 0.49x | 1.32x | RM-3.17 Million |
| 2024 | 9.85% | 18.64% | 0.42x | 1.25x | RM-136.34K |
Industry Comparison
This section compares Spring Art Holdings Bhd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $270,346,515
- Average return on equity (ROE) among peers: 17.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spring Art Holdings Bhd (0216) | RM89.28 Million | 41.64% | 0.20x | $2.92 Million |
| Wegmans Holdings Berhad (0197) | $72.96 Million | 17.10% | 0.67x | $1.67 Million |
| Mobilia Holdings Bhd (0229) | $32.23 Million | 26.85% | 1.30x | $2.54 Million |
| Synergy House Berhad (0279) | $34.35 Million | 41.88% | 2.25x | $4.11 Million |
| Topmix Berhad (0302) | $21.57 Million | 20.48% | 1.42x | $8.71 Million |
| Sorento Capital Berhad (0326) | $143.13 Million | 18.33% | 0.37x | $1.42K |
| FACB Industries Incorporated (2984) | $217.85 Million | 0.55% | 0.10x | $7.48 Million |
| Panasonic Manufacture Malaysia (3719) | $718.00 Million | 13.93% | 0.26x | $43.73 Million |
| Evergreen Fibreboard Bhd (5101) | $1.04 Billion | 3.31% | 0.37x | $10.40 Million |
| Homeritz Corporation Bhd (5160) | $155.54 Million | 14.22% | 0.13x | $9.76 Million |