SSF Home Group Berhad (0287) - Net Assets
Based on the latest financial reports, SSF Home Group Berhad (0287) has net assets worth RM164.38 Million MYR (≈ $41.27 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM276.58 Million ≈ $69.44 Million USD) and total liabilities (RM112.21 Million ≈ $28.17 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 0287 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM164.38 Million |
| % of Total Assets | 59.43% |
| Annual Growth Rate | 19.08% |
| 5-Year Change | 64.68% |
| 10-Year Change | N/A |
| Growth Volatility | 26.83 |
SSF Home Group Berhad - Net Assets Trend (2020–2025)
This chart illustrates how SSF Home Group Berhad's net assets have evolved over time, based on quarterly financial data. Also explore how large is SSF Home Group Berhad's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for SSF Home Group Berhad (2020–2025)
The table below shows the annual net assets of SSF Home Group Berhad from 2020 to 2025. For live valuation and market cap data, see market value of SSF Home Group Berhad.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | RM166.09 Million ≈ $41.70 Million |
+1.16% |
| 2024-04-30 | RM164.19 Million ≈ $41.22 Million |
+3.47% |
| 2023-04-30 | RM158.68 Million ≈ $39.84 Million |
+62.50% |
| 2022-04-30 | RM97.65 Million ≈ $24.52 Million |
-3.17% |
| 2021-04-30 | RM100.85 Million ≈ $25.32 Million |
+45.41% |
| 2020-04-30 | RM69.36 Million ≈ $17.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SSF Home Group 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 73.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM113.89 Million | 68.57% |
| Other Components | RM52.20 Million | 31.43% |
| Total Equity | RM166.09 Million | 100.00% |
SSF Home Group Berhad Competitors by Market Cap
The table below lists competitors of SSF Home Group Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cufe Ltd
AU:CUF
|
$76.33 Million |
|
The State Trading Corporation of India Limited
NSE:STCINDIA
|
$76.37 Million |
|
MFEC PCL
BK:MFEC
|
$76.37 Million |
|
Autopistas del Sol
BA:AUSO
|
$76.39 Million |
|
Dongyang Expre
KO:084670
|
$76.29 Million |
|
Arrow Greentech Limited
NSE:ARROWGREEN
|
$76.27 Million |
|
Shih Kuen Plastics Co Ltd
TWO:4305
|
$76.26 Million |
|
Children’s Place Inc
NASDAQ:PLCE
|
$76.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SSF Home Group Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 164,187,765 to 166,088,924, a change of 1,901,159 (1.2%).
- Net income of 5,900,887 contributed positively to equity growth.
- Dividend payments of 4,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.90 Million | +3.55% |
| Dividends Paid | RM4.00 Million | -2.41% |
| Other Changes | RM272.00 | +0.0% |
| Total Change | RM- | 1.16% |
Book Value vs Market Value Analysis
This analysis compares SSF Home Group 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: 1.83x
- 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 4.40x to 1.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-04-30 | RM0.09 | RM0.38 | x |
| 2021-04-30 | RM0.13 | RM0.38 | x |
| 2022-04-30 | RM0.12 | RM0.38 | x |
| 2023-04-30 | RM0.20 | RM0.38 | x |
| 2024-04-30 | RM0.21 | RM0.38 | x |
| 2025-04-30 | RM0.21 | RM0.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SSF Home Group 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): 3.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.87%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.60x
- Recent ROE (3.55%) is below the historical average (12.00%), 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 | 5.98% | 3.19% | 1.17x | 1.60x | RM-2.78 Million |
| 2021 | 30.96% | 14.94% | 1.45x | 1.43x | RM21.05 Million |
| 2022 | 17.03% | 10.33% | 1.07x | 1.53x | RM6.87 Million |
| 2023 | 10.12% | 9.17% | 0.93x | 1.19x | RM190.07K |
| 2024 | 4.38% | 4.52% | 0.83x | 1.17x | RM-9.23 Million |
| 2025 | 3.55% | 3.87% | 0.57x | 1.60x | RM-10.71 Million |
Industry Comparison
This section compares SSF Home Group Berhad's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $203,105,884
- Average return on equity (ROE) among peers: 15.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SSF Home Group Berhad (0287) | RM164.38 Million | 5.98% | 0.68x | $76.32 Million |
| Kim Hin Joo (0210) | $68.01 Million | -6.54% | 0.35x | $10.02 Million |
| myNEWS Holdings Bhd (5275) | $280.70 Million | 9.44% | 0.21x | $90.43 Million |
| Innature Bhd (5295) | $148.68 Million | 14.35% | 0.23x | $32.79 Million |
| Senheng New Retail Bhd (5305) | $233.66 Million | 27.93% | 2.01x | $64.02 Million |
| MST GOLF GROUP BERHAD (5316) | $255.58 Million | 6.90% | 0.61x | $34.01 Million |
| Amway (Malaysia) Holdings Bhd (6351) | $232.00 Million | 43.10% | 0.56x | $196.04 Million |
About SSF Home Group Berhad
SSF Home Group Berhad, an investment holding company, engages in the retail of furniture, home décor, and home living products in Malaysia. It offers furniture, including armchair, swivel chair, rocking chair, cabinet and rack, chair, recliner, shelves, sofa, stool, bench and ottoman, table and desk, and dining set; bed frame, mattress, bedding set, pillow and bolster, cushion, quilt, duvet, and … Read more