Southern Cable Group Bhd (0225) - Net Assets
Based on the latest financial reports, Southern Cable Group Bhd (0225) has net assets worth RM506.36 Million MYR (≈ $127.13 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 (RM926.02 Million ≈ $232.49 Million USD) and total liabilities (RM419.67 Million ≈ $105.36 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 Southern Cable Group Bhd (0225) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM506.36 Million |
| % of Total Assets | 54.68% |
| Annual Growth Rate | 18.54% |
| 5-Year Change | 50.33% |
| 10-Year Change | N/A |
| Growth Volatility | 14.64 |
Southern Cable Group Bhd - Net Assets Trend (2016–2024)
This chart illustrates how Southern Cable Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Southern Cable Group Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Southern Cable Group Bhd (2016–2024)
The table below shows the annual net assets of Southern Cable Group Bhd from 2016 to 2024. For live valuation and market cap data, see 0225 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM401.77 Million ≈ $100.87 Million |
+27.53% |
| 2023-12-31 | RM315.04 Million ≈ $79.10 Million |
+9.45% |
| 2022-12-31 | RM287.83 Million ≈ $72.26 Million |
+4.68% |
| 2021-12-31 | RM274.97 Million ≈ $69.04 Million |
+2.88% |
| 2020-12-31 | RM267.26 Million ≈ $67.10 Million |
+51.85% |
| 2019-12-31 | RM176.01 Million ≈ $44.19 Million |
+19.36% |
| 2018-12-31 | RM147.46 Million ≈ $37.02 Million |
+21.64% |
| 2017-12-31 | RM121.22 Million ≈ $30.44 Million |
+17.65% |
| 2016-12-31 | RM103.04 Million ≈ $25.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Southern Cable 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 264.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM277.56 Million | 69.08% |
| Common Stock | RM245.16 Million | 61.02% |
| Total Equity | RM401.77 Million | 100.00% |
Southern Cable Group Bhd Competitors by Market Cap
The table below lists competitors of Southern Cable Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Recticel
BR:RECT
|
$584.89 Million |
|
Farglory FTZ Investment Holding Co Ltd
TW:5607
|
$584.89 Million |
|
COOR Service Management AB
ST:COOR
|
$585.36 Million |
|
Candel Therapeutics Inc
NASDAQ:CADL
|
$585.43 Million |
|
Guangdong Hybribio Biotech Co Ltd
SHE:300639
|
$584.65 Million |
|
Mills Estruturas e Serviços de Engenharia S.A
SA:MILS3
|
$584.56 Million |
|
Shenzhen Properties & Resources Development Group Ltd
SHE:000011
|
$584.52 Million |
|
Dongwon F & B
KO:049770
|
$584.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern Cable Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 315,041,690 to 401,774,000, a change of 86,732,310 (27.5%).
- Net income of 72,317,140 contributed positively to equity growth.
- Dividend payments of 13,080,720 reduced retained earnings.
- Share repurchases of 27,494,750 reduced equity.
- New share issuances of 27,494,747 increased equity.
- Other factors increased equity by 27,495,893.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM72.32 Million | +18.0% |
| Dividends Paid | RM13.08 Million | -3.26% |
| Share Repurchases | RM27.49 Million | -6.84% |
| Share Issuances | RM27.49 Million | +6.84% |
| Other Changes | RM27.50 Million | +6.84% |
| Total Change | RM- | 27.53% |
Book Value vs Market Value Analysis
This analysis compares Southern Cable 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: 4.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.81x to 4.61x 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 | RM0.17 | RM2.06 | x |
| 2017-12-31 | RM0.21 | RM2.06 | x |
| 2018-12-31 | RM0.25 | RM2.06 | x |
| 2019-12-31 | RM0.30 | RM2.06 | x |
| 2020-12-31 | RM0.33 | RM2.06 | x |
| 2021-12-31 | RM0.34 | RM2.06 | x |
| 2022-12-31 | RM0.36 | RM2.06 | x |
| 2023-12-31 | RM0.39 | RM2.06 | x |
| 2024-12-31 | RM0.45 | RM2.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern Cable 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): 18.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.37%
- • Asset Turnover: 1.87x
- • Equity Multiplier: 1.79x
- Recent ROE (18.00%) is above the historical average (11.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.74% | 3.01% | 1.59x | 2.88x | RM3.85 Million |
| 2017 | 15.00% | 3.05% | 1.68x | 2.92x | RM6.06 Million |
| 2018 | 17.79% | 3.84% | 1.82x | 2.55x | RM11.49 Million |
| 2019 | 16.22% | 4.35% | 1.77x | 2.11x | RM10.95 Million |
| 2020 | 7.96% | 3.78% | 1.26x | 1.68x | RM-5.46 Million |
| 2021 | 3.97% | 1.65% | 1.29x | 1.86x | RM-16.59 Million |
| 2022 | 5.05% | 1.66% | 1.54x | 1.98x | RM-14.24 Million |
| 2023 | 9.34% | 2.80% | 1.74x | 1.92x | RM-2.07 Million |
| 2024 | 18.00% | 5.37% | 1.87x | 1.79x | RM32.14 Million |
Industry Comparison
This section compares Southern Cable Group Bhd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $164,650,243
- Average return on equity (ROE) among peers: 6.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern Cable Group Bhd (0225) | RM506.36 Million | 13.74% | 0.83x | $584.67 Million |
| Supercomnet Technologies Bhd (0001) | $362.33 Million | 8.02% | 0.07x | $109.75 Million |
| Mikro MSC Bhd (0112) | $59.05 Million | 10.12% | 0.26x | $139.55 Million |
| Fibon Bhd (0149) | $50.18 Million | 4.28% | 0.05x | $9.57 Million |
| Powerwell Holdings Bhd (0217) | $59.84 Million | 15.24% | 0.60x | $112.96 Million |
| Cnergenz Bhd (0246) | $71.11 Million | 18.36% | 0.81x | $66.89 Million |
| Master Tec Group Berhad (0295) | $86.23 Million | 22.68% | 1.54x | $261.21 Million |
| South Malaysia Industries Bhd (4375) | $133.65 Million | -7.03% | 0.20x | $11.07 Million |
| Sarawak Cable Bhd (5170) | $243.12 Million | -15.42% | 3.06x | $1.00 Million |
| Metrod Holdings Bhd (6149) | $416.34 Million | 1.33% | 3.11x | $36.15 Million |
About Southern Cable Group Bhd
Southern Cable Group Berhad, together with its subsidiaries, manufactures and sells cables and wires for power transmission and distribution, communications, and control & instrumentation applications in Malaysia and internationally. The company operates through Power Cables and Wires, Communications Cables and Wires, Control and Instrumentation Cables and Wires, and Related Products and Services… Read more