Synergy House Berhad
Synergy House Berhad, an investment holding company, engages in the design, development, sale, and trading of ready-to-assemble home furniture in Malaysia, Asia, Oceania, Europe, and the North America. The company offers wardrobes, study desks, chest drawers, cabin beds, nightstands, television cabinets, sideboards, coffee tables, dining tables, dining chairs, and benches. It sells its products u… Read more
Synergy House Berhad (0279) - Net Assets
Latest net assets as of September 2024: RM113.07 Million MYR
Based on the latest financial reports, Synergy House Berhad (0279) has net assets worth RM113.07 Million MYR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM260.46 Million) and total liabilities (RM147.39 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 | RM113.07 Million |
| % of Total Assets | 43.41% |
| Annual Growth Rate | 70.98% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 33.84 |
Synergy House Berhad - Net Assets Trend (2020–2023)
This chart illustrates how Synergy House Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Synergy House Berhad (2020–2023)
The table below shows the annual net assets of Synergy House Berhad from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM100.82 Million | +117.52% |
| 2022-12-31 | RM46.35 Million | +34.94% |
| 2021-12-31 | RM34.35 Million | +70.11% |
| 2020-12-31 | RM20.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Synergy House Berhad'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 227.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM57.53 Million | 57.07% |
| Other Components | RM43.29 Million | 42.93% |
| Total Equity | RM100.82 Million | 100.00% |
Synergy House Berhad Competitors by Market Cap
The table below lists competitors of Synergy House Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nxu Inc.
NYSE:NXU
|
$4.11 Million |
|
Reach Resources Ltd
AU:RR1
|
$4.11 Million |
|
Tertiary Minerals plc
PINK:TTIRF
|
$4.11 Million |
|
Norditek Group AB
ST:NOTEK
|
$4.11 Million |
|
Mahaka Media Tbk
JK:ABBA
|
$4.10 Million |
|
Canada Computational Unlimited Corp
OTCQB:CCPUF
|
$4.10 Million |
|
Carboclor
BA:CARC
|
$4.10 Million |
|
Sonoma Pharmaceuticals Inc
NASDAQ:SNOA
|
$4.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Synergy House Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 46,349,885 to 100,819,117, a change of 54,469,232 (117.5%).
- Net income of 27,148,110 contributed positively to equity growth.
- Dividend payments of 700,000 reduced retained earnings.
- New share issuances of 33,021,122 increased equity.
- Other factors decreased equity by 5,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM27.15 Million | +26.93% |
| Dividends Paid | RM700.00K | -0.69% |
| Share Issuances | RM33.02 Million | +32.75% |
| Other Changes | RM-5.00 Million | -4.96% |
| Total Change | RM- | 117.52% |
Book Value vs Market Value Analysis
This analysis compares Synergy House Berhad'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: 1.22x
- 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 6.07x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RM0.04 | RM0.25 | x |
| 2021-12-31 | RM0.07 | RM0.25 | x |
| 2022-12-31 | RM0.09 | RM0.25 | x |
| 2023-12-31 | RM0.20 | RM0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Synergy House Berhad 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): 26.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.05%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 2.19x
- Recent ROE (26.93%) is below the historical average (41.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 59.96% | 9.85% | 1.42x | 4.30x | RM10.09 Million |
| 2021 | 41.88% | 7.81% | 1.65x | 3.25x | RM10.95 Million |
| 2022 | 35.87% | 8.57% | 1.48x | 2.83x | RM11.99 Million |
| 2023 | 26.93% | 10.05% | 1.23x | 2.19x | RM17.07 Million |
Industry Comparison
This section compares Synergy House Berhad's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $276,948,443
- Average return on equity (ROE) among peers: 13.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Synergy House Berhad (0279) | RM113.07 Million | 59.96% | 1.30x | $4.11 Million |
| Wegmans Holdings Berhad (0197) | $72.96 Million | 17.10% | 0.67x | $1.67 Million |
| Spring Art Holdings Bhd (0216) | $93.77 Million | 9.85% | 0.25x | $2.92 Million |
| Mobilia Holdings Bhd (0229) | $32.23 Million | 26.85% | 1.30x | $2.54 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 |