Lim Seong Hai Capital Berhad
Lim Seong Hai Capital Berhad, an investment holding company, engages in the distribution and retail of building materials, lighting products and related mechanical and electrical products and services in Malaysia. The company also wholesales and retails hardware and tools. In addition, it is involved in the construction business; rental of machinery; construction-related services and solutions; p… Read more
Lim Seong Hai Capital Berhad (0351) - Net Assets
Latest net assets as of September 2025: RM658.27 Million MYR
Based on the latest financial reports, Lim Seong Hai Capital Berhad (0351) has net assets worth RM658.27 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM872.27 Million) and total liabilities (RM214.00 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 | RM658.27 Million |
| % of Total Assets | 75.47% |
| Annual Growth Rate | 97.44% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 168.36 |
Lim Seong Hai Capital Berhad - Net Assets Trend (2021–2025)
This chart illustrates how Lim Seong Hai Capital 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 Lim Seong Hai Capital Berhad (2021–2025)
The table below shows the annual net assets of Lim Seong Hai Capital Berhad from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | RM658.79 Million | +38.60% |
| 2024-09-30 | RM475.32 Million | +12.93% |
| 2023-09-30 | RM420.88 Million | +429.41% |
| 2022-09-30 | RM79.50 Million | +83.39% |
| 2021-09-30 | RM43.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lim Seong Hai Capital 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 553.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM237.65 Million | 36.25% |
| Other Components | RM417.89 Million | 63.75% |
| Total Equity | RM655.53 Million | 100.00% |
Lim Seong Hai Capital Berhad Competitors by Market Cap
The table below lists competitors of Lim Seong Hai Capital Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Biotrend Cevre ve Enerji Yatirimlari AS
IS:BIOEN
|
$110.05 Million |
|
Allgeier SE
XETRA:AEIN
|
$110.06 Million |
|
MMTEC Inc
NASDAQ:MTC
|
$110.07 Million |
|
China Silver Group Limited
F:2CS
|
$110.10 Million |
|
Chinese Maritime Transport Ltd
TW:2612
|
$110.01 Million |
|
Tupy S.A
SA:TUPY3
|
$109.93 Million |
|
Flügger group A/S
CO:FLUG-B
|
$109.92 Million |
|
ANGEL OAK MTG DL-01
F:57V
|
$109.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lim Seong Hai Capital Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 475,309,000 to 655,535,000, a change of 180,226,000 (37.9%).
- Net income of 100,791,000 contributed positively to equity growth.
- Dividend payments of 33,321,000 reduced retained earnings.
- New share issuances of 112,737,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM100.79 Million | +15.38% |
| Dividends Paid | RM33.32 Million | -5.08% |
| Share Issuances | RM112.74 Million | +17.2% |
| Other Changes | RM19.00K | +0.0% |
| Total Change | RM- | 37.92% |
Book Value vs Market Value Analysis
This analysis compares Lim Seong Hai Capital 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: 2.30x
- 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 14.74x to 2.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | RM0.12 | RM1.80 | x |
| 2022-09-30 | RM0.22 | RM1.80 | x |
| 2023-09-30 | RM0.60 | RM1.80 | x |
| 2024-09-30 | RM0.67 | RM1.80 | x |
| 2025-09-30 | RM0.78 | RM1.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lim Seong Hai Capital 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): 15.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.95%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.33x
- Recent ROE (15.38%) is below the historical average (22.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 18.29% | 11.76% | 1.02x | 1.52x | RM3.60 Million |
| 2022 | 52.59% | 25.21% | 1.07x | 1.95x | RM33.86 Million |
| 2023 | 9.43% | 16.79% | 0.40x | 1.40x | RM-2.39 Million |
| 2024 | 15.64% | 20.57% | 0.56x | 1.35x | RM26.80 Million |
| 2025 | 15.38% | 21.95% | 0.53x | 1.33x | RM35.24 Million |
Industry Comparison
This section compares Lim Seong Hai Capital Berhad's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $69,179,748
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lim Seong Hai Capital Berhad (0351) | RM658.27 Million | 18.29% | 0.33x | $110.05 Million |
| Southern Score Builders Berhad (0045) | $148.98 Million | 16.99% | 0.33x | $103.36 Million |
| Mega Sun City Holdings Bhd (0081) | $51.30 Million | 8.28% | 0.35x | $774.65K |
| Waja Konsortium Bhd (0102) | $33.07 Million | -28.61% | 0.43x | $4.69 Million |
| Kelington Group Bhd (0151) | $53.82 Million | 11.30% | 1.03x | $547.77 Million |
| Widad Group Bhd (0162) | $26.28 Million | -3.31% | 1.19x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $136.35 Million | -12.43% | 0.39x | $1.72 Million |
| HSS Engineers Bhd (0185) | $35.94 Million | 28.20% | 1.15x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $43.36 Million | 12.08% | 0.28x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $152.07 Million | 6.28% | 1.80x | $18.82 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $87.38 Million |