Selangor Dredging Bhd
Selangor Dredging Berhad, an investment holding company, engages in the property development business in Malaysia and Singapore. It operates through Property Investment, Hotel Operations, Investment Holding, Property Development, and Others segments. The company is involved in the letting of commercial properties; operation of hotels and related services; and provision of property management and … Read more
Selangor Dredging Bhd (2224) - Net Assets
Latest net assets as of September 2025: RM858.70 Million MYR
Based on the latest financial reports, Selangor Dredging Bhd (2224) has net assets worth RM858.70 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 (RM1.50 Billion) and total liabilities (RM638.47 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 | RM858.70 Million |
| % of Total Assets | 57.35% |
| Annual Growth Rate | 2.6% |
| 5-Year Change | 3.6% |
| 10-Year Change | 7.67% |
| Growth Volatility | 4.4 |
Selangor Dredging Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Selangor Dredging Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Selangor Dredging Bhd (2013–2025)
The table below shows the annual net assets of Selangor Dredging Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM876.19 Million | -1.37% |
| 2024-03-31 | RM888.36 Million | +3.20% |
| 2023-03-31 | RM860.80 Million | +2.10% |
| 2022-03-31 | RM843.13 Million | -0.31% |
| 2021-03-31 | RM845.78 Million | +1.11% |
| 2020-03-31 | RM836.46 Million | -1.48% |
| 2019-03-31 | RM849.02 Million | +2.25% |
| 2018-03-31 | RM830.33 Million | -5.24% |
| 2017-03-31 | RM876.25 Million | +7.68% |
| 2016-03-31 | RM813.78 Million | +5.55% |
| 2015-03-31 | RM771.00 Million | +9.52% |
| 2014-03-31 | RM704.00 Million | +9.32% |
| 2013-03-31 | RM644.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Selangor Dredging Bhd'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 0.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM531.35 Million | 60.64% |
| Common Stock | RM213.54 Million | 24.37% |
| Other Components | RM131.30 Million | 14.99% |
| Total Equity | RM876.19 Million | 100.00% |
Selangor Dredging Bhd Competitors by Market Cap
The table below lists competitors of Selangor Dredging Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Investeringsselskabet Luxor A/S
CO:LUXOR-B
|
$9.78 Million |
|
RE Royalties Ltd
OTCQX:RROYF
|
$9.78 Million |
|
477380
KQ:477380
|
$9.78 Million |
|
Elicera Therapeutics AB
ST:ELIC
|
$9.78 Million |
|
Taiwan Enterprise(Cayman)Co
TW:5906
|
$9.77 Million |
|
ABERA BIOSCIENCE AB
F:8WK
|
$9.77 Million |
|
Nvni Group Limited Ordinary Shares
NASDAQ:NVNI
|
$9.77 Million |
|
Interwood-Xylemporia A.T.E.N.E.
AT:XYLEK
|
$9.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Selangor Dredging Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 888,363,000 to 876,194,000, a change of -12,169,000 (-1.4%).
- Net income of 21,923,000 contributed positively to equity growth.
- Dividend payments of 12,784,000 reduced retained earnings.
- Other factors decreased equity by 21,308,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM21.92 Million | +2.5% |
| Dividends Paid | RM12.78 Million | -1.46% |
| Other Changes | RM-21.31 Million | -2.43% |
| Total Change | RM- | -1.37% |
Book Value vs Market Value Analysis
This analysis compares Selangor Dredging Bhd'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: 0.20x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM2.06 | RM0.42 | x |
| 2018-03-31 | RM1.95 | RM0.42 | x |
| 2019-03-31 | RM1.99 | RM0.42 | x |
| 2020-03-31 | RM1.96 | RM0.42 | x |
| 2021-03-31 | RM1.98 | RM0.42 | x |
| 2022-03-31 | RM1.98 | RM0.42 | x |
| 2023-03-31 | RM2.02 | RM0.42 | x |
| 2024-03-31 | RM2.08 | RM0.42 | x |
| 2025-03-31 | RM2.06 | RM0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Selangor Dredging Bhd 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): 2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.83%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.71x
- Recent ROE (2.50%) is above the historical average (2.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.29% | 19.90% | 0.14x | 1.88x | RM-38.29 Million |
| 2017 | 6.54% | 25.98% | 0.13x | 1.87x | RM-30.35 Million |
| 2018 | 5.04% | 27.70% | 0.10x | 1.78x | RM-41.19 Million |
| 2019 | 2.88% | 9.53% | 0.18x | 1.71x | RM-60.49 Million |
| 2020 | -0.54% | -1.84% | 0.17x | 1.68x | RM-88.12 Million |
| 2021 | -1.37% | -8.01% | 0.10x | 1.64x | RM-96.12 Million |
| 2022 | 0.80% | 6.86% | 0.07x | 1.60x | RM-77.55 Million |
| 2023 | 0.73% | 4.54% | 0.10x | 1.61x | RM-79.83 Million |
| 2024 | 2.78% | 10.87% | 0.16x | 1.64x | RM-64.12 Million |
| 2025 | 2.50% | 5.83% | 0.25x | 1.71x | RM-65.70 Million |
Industry Comparison
This section compares Selangor Dredging Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $533,470,684
- Average return on equity (ROE) among peers: 6.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Selangor Dredging Bhd (2224) | RM858.70 Million | 5.29% | 0.74x | $9.77 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |