Sin-Kung Logistics Berhad
Sin-Kung Logistics Berhad, an integrated logistics service provider, provides trucking services with a focus on airport-to-airport road feeder services. The company offers container haulage, warehousing and distribution, and other logistics-related services; and brokerage and forwarding services, and express delivery services, as well as cargo escort services. It operates in Malaysia, Singapore, … Read more
Sin-Kung Logistics Berhad (0305) - Net Assets
Latest net assets as of September 2024: RM86.37 Million MYR
Based on the latest financial reports, Sin-Kung Logistics Berhad (0305) has net assets worth RM86.37 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 (RM160.43 Million) and total liabilities (RM74.06 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 | RM86.37 Million |
| % of Total Assets | 53.84% |
| Annual Growth Rate | 44.65% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.74 |
Sin-Kung Logistics Berhad - Net Assets Trend (2020–2023)
This chart illustrates how Sin-Kung Logistics 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 Sin-Kung Logistics Berhad (2020–2023)
The table below shows the annual net assets of Sin-Kung Logistics Berhad from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM83.82 Million | +55.60% |
| 2022-12-31 | RM53.87 Million | +27.25% |
| 2021-12-31 | RM42.33 Million | +52.74% |
| 2020-12-31 | RM27.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sin-Kung Logistics 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM83.75 Million | 100.00% |
| Total Equity | RM83.75 Million | 100.00% |
Sin-Kung Logistics Berhad Competitors by Market Cap
The table below lists competitors of Sin-Kung Logistics Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coincheck Group N.V. Warrants
NASDAQ:CNCKW
|
$2.18 Million |
|
Izoblok
WAR:IZB
|
$2.18 Million |
|
Western Pacific Trust Company
V:WP
|
$2.18 Million |
|
Sescom SA
WAR:SES
|
$2.18 Million |
|
Guided Therapeutics Inc
OTCQB:GTHP
|
$2.17 Million |
|
Supreme Engineering Limited
NSE:SUPREMEENG
|
$2.17 Million |
|
Semacom Integrated Tbk PT
JK:SEMA
|
$2.17 Million |
|
CHENIERE ENERGY
MU:CHQ1
|
$2.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sin-Kung Logistics Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 53,791,085 to 83,750,156, a change of 29,959,071 (55.7%).
- Net income of 6,417,928 contributed positively to equity growth.
- Other factors increased equity by 23,541,143.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.42 Million | +7.66% |
| Other Changes | RM23.54 Million | +28.11% |
| Total Change | RM- | 55.70% |
Book Value vs Market Value Analysis
This analysis compares Sin-Kung Logistics 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: 1.07x
- 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 3.24x to 1.07x 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 | RM0.02 | RM0.08 | x |
| 2021-12-31 | RM0.04 | RM0.08 | x |
| 2022-12-31 | RM0.04 | RM0.08 | x |
| 2023-12-31 | RM0.07 | RM0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sin-Kung Logistics 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): 7.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.35%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.51x
- Recent ROE (7.66%) is below the historical average (24.67%), 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 | 33.77% | 21.79% | 0.50x | 3.08x | RM6.61 Million |
| 2021 | 34.30% | 27.74% | 0.56x | 2.20x | RM10.27 Million |
| 2022 | 22.94% | 21.75% | 0.51x | 2.06x | RM6.96 Million |
| 2023 | 7.66% | 12.35% | 0.25x | 2.51x | RM-1.96 Million |
Industry Comparison
This section compares Sin-Kung Logistics Berhad's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $345,655,201
- Average return on equity (ROE) among peers: 12.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sin-Kung Logistics Berhad (0305) | RM86.37 Million | 33.77% | 0.86x | $2.17 Million |
| Ancom Logistics Bhd (0048) | $24.85 Million | -16.61% | 1.11x | $4.14 Million |
| GD Express Carrier Bhd (0078) | $65.07 Million | 20.93% | 0.65x | $50.80 Million |
| Straits Inter Logistics Bhd (0080) | $85.37 Million | 4.75% | 0.73x | $7.08 Million |
| Tri-Mode System M Bhd (0199) | $92.65 Million | 2.66% | 0.82x | $653.68K |
| KGW Group Berhad (0282) | $3.63 Million | 59.95% | 2.88x | $2.21 Million |
| AGX Group Berhad (0299) | $5.29 Million | 10.57% | 12.50x | $12.38 Million |
| Harbour Link Group Bhd (2062) | $897.81 Million | 13.14% | 0.44x | $27.16 Million |
| POS Malaysia&Services Holdings Bhd (4634) | $1.57 Billion | 9.24% | 0.28x | $18.28 Million |
| Tasco Bhd (5140) | $363.71 Million | 8.08% | 1.06x | $15.96 Million |