Sin-Kung Logistics Berhad (0305) - Net Assets
Based on the latest financial reports, Sin-Kung Logistics Berhad (0305) has net assets worth RM86.37 Million MYR (≈ $21.69 Million USD) 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 ≈ $40.28 Million USD) and total liabilities (RM74.06 Million ≈ $18.59 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. See 0305 net asset quality score to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see 0305 market cap.
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. Also explore net asset growth rate of Sin-Kung Logistics Berhad to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | RM83.82 Million ≈ $21.04 Million |
+55.60% |
| 2022-12-31 | RM53.87 Million ≈ $13.52 Million |
+27.25% |
| 2021-12-31 | RM42.33 Million ≈ $10.63 Million |
+52.74% |
| 2020-12-31 | RM27.71 Million ≈ $6.96 Million |
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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 |
|---|---|
|
Ovaro Kiinteistosijoitus Oyj
HE:OVARO
|
$25.62 Million |
|
Key Tronic Corporation
NASDAQ:KTCC
|
$25.63 Million |
|
Pamapol S.A.
WAR:PMP
|
$25.63 Million |
|
Boundless Bio, Inc. Common Stock
NASDAQ:BOLD
|
$25.63 Million |
|
ISPD Network S.A.
PA:ALISP
|
$25.61 Million |
|
Damartex
PA:ALDAR
|
$25.60 Million |
|
J.S.P. Property Public Company Limited
BK:JSP
|
$25.59 Million |
|
ATOME ENERGY PLC LS-002
F:J6J
|
$25.59 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: 1.22x
- 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 3.67x 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 | RM0.02 | RM0.09 | x |
| 2021-12-31 | RM0.04 | RM0.09 | x |
| 2022-12-31 | RM0.04 | RM0.09 | x |
| 2023-12-31 | RM0.07 | RM0.09 | 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: $366,428,377
- Average return on equity (ROE) among peers: 7.17%
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 | $25.61 Million |
| Ancom Logistics Bhd (0048) | $23.45 Million | -1.47% | 1.07x | $11.29 Million |
| GD Express Carrier Bhd (0078) | $386.81 Million | 8.90% | 0.12x | $185.85 Million |
| Straits Inter Logistics Bhd (0080) | $177.60 Million | 3.98% | 2.42x | $6.87 Million |
| Tri-Mode System M Bhd (0199) | $93.63 Million | 1.74% | 0.90x | $6.88 Million |
| KGW Group Berhad (0282) | $48.08 Million | 0.65% | 0.45x | $12.12 Million |
| AGX Group Berhad (0299) | $5.29 Million | 10.57% | 12.50x | $47.82 Million |
| Harbour Link Group Bhd (2062) | $326.61 Million | 17.21% | 0.80x | $129.09 Million |
| POS Malaysia&Services Holdings Bhd (4634) | $1.57 Billion | 9.24% | 0.28x | $52.08 Million |
| Tasco Bhd (5140) | $663.87 Million | 13.68% | 1.31x | $73.31 Million |
About 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