Siab Holdings Bhd (0241) - Net Assets
Based on the latest financial reports, Siab Holdings Bhd (0241) has net assets worth RM103.96 Million MYR (≈ $26.10 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 (RM651.47 Million ≈ $163.56 Million USD) and total liabilities (RM547.51 Million ≈ $137.46 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 asset allocation strategy of Siab Holdings Bhd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM103.96 Million |
| % of Total Assets | 15.96% |
| Annual Growth Rate | 25.1% |
| 5-Year Change | 172.89% |
| 10-Year Change | N/A |
| Growth Volatility | 97.2 |
Siab Holdings Bhd - Net Assets Trend (2018–2025)
This chart illustrates how Siab Holdings Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Siab Holdings Bhd.
Annual Net Assets for Siab Holdings Bhd (2018–2025)
The table below shows the annual net assets of Siab Holdings Bhd from 2018 to 2025. Also explore net asset momentum of Siab Holdings Bhd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM103.96 Million ≈ $26.10 Million |
-36.34% |
| 2024-12-31 | RM163.31 Million ≈ $41.00 Million |
+275.53% |
| 2023-12-31 | RM43.49 Million ≈ $10.92 Million |
-20.11% |
| 2022-12-31 | RM54.44 Million ≈ $13.67 Million |
+42.90% |
| 2021-12-31 | RM38.09 Million ≈ $9.56 Million |
+3.75% |
| 2020-12-31 | RM36.72 Million ≈ $9.22 Million |
+28.22% |
| 2019-12-31 | RM28.64 Million ≈ $7.19 Million |
+32.08% |
| 2018-12-31 | RM21.68 Million ≈ $5.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Siab 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 decreased by 387.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM162.54 Million | 157.52% |
| Total Equity | RM103.18 Million | 100.00% |
Siab Holdings Bhd Competitors by Market Cap
The table below lists competitors of Siab Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ECM Libra Financial Group Bhd
KLSE:2143
|
$27.36 Million |
|
ATA Creativity Global
NASDAQ:AACG
|
$27.37 Million |
|
DIAMINES AND CHEMICALS ORD (BSE)
NSE:DIAMINESQ
|
$27.38 Million |
|
CryoCell International Inc
NYSE MKT:CCEL
|
$27.39 Million |
|
Caspin Resources Ltd
AU:CPN
|
$27.34 Million |
|
Crown Crafts Inc
NASDAQ:CRWS
|
$27.33 Million |
|
TOP Engineering Co. Ltd
KQ:065130
|
$27.32 Million |
|
Pelangio Exploration Inc
V:PX
|
$27.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Siab Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 162,707,000 to 103,184,000, a change of -59,523,000 (-36.6%).
- Net income of 1,110,000 contributed positively to equity growth.
- New share issuances of 90,000 increased equity.
- Other factors decreased equity by 60,723,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.11 Million | +1.08% |
| Share Issuances | RM90.00K | +0.09% |
| Other Changes | RM-60.72 Million | -58.85% |
| Total Change | RM- | -36.58% |
Book Value vs Market Value Analysis
This analysis compares Siab 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: 1.06x
- 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 1.58x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | RM0.04 | RM0.07 | x |
| 2019-12-31 | RM0.06 | RM0.07 | x |
| 2020-12-31 | RM0.07 | RM0.07 | x |
| 2021-12-31 | RM0.08 | RM0.07 | x |
| 2022-12-31 | RM0.11 | RM0.07 | x |
| 2023-12-31 | RM0.07 | RM0.07 | x |
| 2024-12-31 | RM0.10 | RM0.07 | x |
| 2025-12-31 | RM0.07 | RM0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Siab 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): 1.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.14%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 6.31x
- Recent ROE (1.08%) is below the historical average (1.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 24.18% | 3.61% | 1.64x | 4.09x | RM3.07 Million |
| 2019 | 24.29% | 2.86% | 1.79x | 4.73x | RM4.09 Million |
| 2020 | 30.02% | 4.03% | 1.65x | 4.52x | RM7.35 Million |
| 2021 | 14.11% | 3.24% | 1.16x | 3.74x | RM1.57 Million |
| 2022 | -35.40% | -13.59% | 0.79x | 3.29x | RM-24.71 Million |
| 2023 | -52.08% | -11.15% | 1.27x | 3.69x | RM-27.00 Million |
| 2024 | 2.46% | 0.82% | 0.72x | 4.17x | RM-12.28 Million |
| 2025 | 1.08% | 0.14% | 1.18x | 6.31x | RM-9.21 Million |
Industry Comparison
This section compares Siab Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $81,484,006
- Average return on equity (ROE) among peers: -9.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Siab Holdings Bhd (0241) | RM103.96 Million | 24.18% | 5.27x | $27.35 Million |
| Southern Score Builders Berhad (0045) | $-6.44 Million | 0.00% | 0.00x | $353.75 Million |
| Ecobuilt Holdings Bhd (0059) | $34.50 Million | 4.23% | 4.18x | $3.70 Million |
| Mega Sun City Holdings Bhd (0081) | $65.34 Million | -44.66% | 0.02x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $36.86 Million | -117.43% | 0.45x | $14.00 Million |
| Kelington Group Bhd (0151) | $40.24 Million | 21.22% | 0.72x | $1.65 Billion |
| Widad Group Bhd (0162) | $180.69 Million | 2.22% | 1.27x | $11.75 Million |
| Pasukhas Group Bhd (0177) | $165.33 Million | -11.64% | 0.37x | $4.31 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $60.64 Million |
| Cabnet Holdings Bhd (0191) | $27.59 Million | 23.23% | 0.49x | $9.20 Million |
| Inta Bina Group Bhd (0192) | $42.82 Million | 26.88% | 3.68x | $57.87 Million |
About Siab Holdings Bhd
Taghill Holdings Berhad provides construction services for commercial and mixed development projects in Malaysia. The company's construction portfolio includes office developments, hypermarkets, industrial buildings, and institutional buildings including hospitals, as well as residential and township development. It provides computer hardware, software, information and communications technology (… Read more