SEAL Incorporated Bhd
Seal Incorporated Berhad engages in the property investment, development, and management business in Malaysia. The company operates through Property Management, Property Investment, Timber Related, Property Development, Construction, and Others segments. It is also involved in the extraction, trading, and sale of timber; and building construction and erections. In addition, the company operates a… Read more
SEAL Incorporated Bhd (4286) - Net Assets
Latest net assets as of September 2025: RM383.31 Million MYR
Based on the latest financial reports, SEAL Incorporated Bhd (4286) has net assets worth RM383.31 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 (RM598.04 Million) and total liabilities (RM214.73 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 | RM383.31 Million |
| % of Total Assets | 64.09% |
| Annual Growth Rate | 6.02% |
| 5-Year Change | 30.9% |
| 10-Year Change | 58.66% |
| Growth Volatility | 16.25 |
SEAL Incorporated Bhd - Net Assets Trend (2012–2025)
This chart illustrates how SEAL Incorporated 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 SEAL Incorporated Bhd (2012–2025)
The table below shows the annual net assets of SEAL Incorporated Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM382.70 Million | +7.27% |
| 2024-06-30 | RM356.76 Million | +7.54% |
| 2023-06-30 | RM331.73 Million | +6.85% |
| 2022-06-30 | RM310.47 Million | +6.20% |
| 2021-06-30 | RM292.36 Million | -3.43% |
| 2020-06-30 | RM302.74 Million | +5.61% |
| 2019-06-30 | RM286.67 Million | +7.42% |
| 2018-06-30 | RM266.87 Million | +5.81% |
| 2017-06-30 | RM252.22 Million | +4.57% |
| 2016-06-30 | RM241.20 Million | -20.40% |
| 2015-06-30 | RM303.00 Million | -8.18% |
| 2014-06-30 | RM330.00 Million | +53.49% |
| 2013-06-30 | RM215.00 Million | +20.11% |
| 2012-06-30 | RM179.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SEAL Incorporated 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 58.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM172.81 Million | 45.16% |
| Common Stock | RM209.70 Million | 54.79% |
| Other Components | RM189.54K | 0.05% |
| Total Equity | RM382.70 Million | 100.00% |
SEAL Incorporated Bhd Competitors by Market Cap
The table below lists competitors of SEAL Incorporated Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tah Kong Chemical Industrial
TWO:4706
|
$17.79 Million |
|
Thanapiriya Public Company Limited
BK:TNP
|
$17.80 Million |
|
Munjal Showa Limited
NSE:MUNJALSHOW
|
$17.80 Million |
|
Yura Tech. Co. Ltd
KQ:048430
|
$17.80 Million |
|
ParaZero Technologies Ltd. Ordinary Shares
NASDAQ:PRZO
|
$17.78 Million |
|
Acanthe Développement
PA:ACAN
|
$17.78 Million |
|
Volitionrx Ltd
NYSE MKT:VNRX
|
$17.77 Million |
|
Thai Rung Union Car Public Company Limited
BK:TRU
|
$17.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SEAL Incorporated Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 356,756,840 to 382,695,820, a change of 25,938,980 (7.3%).
- Net income of 7,706,060 contributed positively to equity growth.
- Other factors increased equity by 18,232,920.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.71 Million | +2.01% |
| Other Changes | RM18.23 Million | +4.76% |
| Total Change | RM- | 7.27% |
Book Value vs Market Value Analysis
This analysis compares SEAL Incorporated 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: 0.76x
- 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.
- The price-to-book ratio has increased from 0.58x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM1.12 | RM0.65 | x |
| 2017-06-30 | RM1.06 | RM0.65 | x |
| 2018-06-30 | RM1.13 | RM0.65 | x |
| 2019-06-30 | RM1.21 | RM0.65 | x |
| 2020-06-30 | RM1.28 | RM0.65 | x |
| 2021-06-30 | RM1.23 | RM0.65 | x |
| 2022-06-30 | RM1.10 | RM0.65 | x |
| 2023-06-30 | RM1.05 | RM0.65 | x |
| 2024-06-30 | RM0.85 | RM0.65 | x |
| 2025-06-30 | RM0.85 | RM0.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SEAL Incorporated 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): 2.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.55%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.57x
- Recent ROE (2.01%) is above the historical average (1.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.49% | 5.02% | 0.18x | 1.61x | RM-20.52 Million |
| 2017 | -3.58% | -10.86% | 0.23x | 1.42x | RM-34.26 Million |
| 2018 | 5.57% | 10.96% | 0.34x | 1.49x | RM-11.83 Million |
| 2019 | 6.91% | 19.76% | 0.23x | 1.50x | RM-8.87 Million |
| 2020 | 5.31% | 41.66% | 0.08x | 1.51x | RM-14.20 Million |
| 2021 | -3.55% | -55.22% | 0.04x | 1.47x | RM-39.62 Million |
| 2022 | 1.39% | 45.31% | 0.02x | 1.44x | RM-26.73 Million |
| 2023 | 3.54% | 22.79% | 0.11x | 1.46x | RM-21.43 Million |
| 2024 | -0.89% | -20.18% | 0.03x | 1.42x | RM-38.85 Million |
| 2025 | 2.01% | 18.55% | 0.07x | 1.57x | RM-30.56 Million |
Industry Comparison
This section compares SEAL Incorporated 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: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SEAL Incorporated Bhd (4286) | RM383.31 Million | 1.49% | 0.56x | $17.79 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 |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |