South Malaysia Industries Bhd
South Malaysia Industries Berhad, an investment holding company, engages in the property investment, trading, and development activities in Malaysia. It operates through three segments: Property Development, Property & Investment Holding, and Manufacturing and Trading. The company also offers assorted wires, such as galvanized iron, hard-drawn, PVC coated, black annealed, and staple wires used fo… Read more
South Malaysia Industries Bhd (4375) - Net Assets
Latest net assets as of September 2025: RM129.21 Million MYR
Based on the latest financial reports, South Malaysia Industries Bhd (4375) has net assets worth RM129.21 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 (RM159.46 Million) and total liabilities (RM30.25 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 | RM129.21 Million |
| % of Total Assets | 81.03% |
| Annual Growth Rate | -1.72% |
| 5-Year Change | -11.28% |
| 10-Year Change | -11.35% |
| Growth Volatility | 7.84 |
South Malaysia Industries Bhd - Net Assets Trend (2012–2025)
This chart illustrates how South Malaysia Industries 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 South Malaysia Industries Bhd (2012–2025)
The table below shows the annual net assets of South Malaysia Industries Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM129.21 Million | -4.28% |
| 2024-12-31 | RM134.99 Million | +3.54% |
| 2023-12-31 | RM130.38 Million | -2.45% |
| 2022-12-31 | RM133.65 Million | -8.23% |
| 2021-12-31 | RM145.64 Million | -3.74% |
| 2020-12-31 | RM151.31 Million | -10.36% |
| 2019-12-31 | RM168.80 Million | -4.18% |
| 2018-12-31 | RM176.17 Million | -0.10% |
| 2017-12-31 | RM176.34 Million | +20.98% |
| 2016-12-31 | RM145.75 Million | +6.39% |
| 2015-12-31 | RM137.00 Million | -2.84% |
| 2014-12-31 | RM141.00 Million | -5.37% |
| 2013-12-31 | RM149.00 Million | -8.02% |
| 2012-12-31 | RM162.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to South Malaysia Industries 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 decreased by 1654134000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM244.24 Million | 189.02% |
| Total Equity | RM129.21 Million | 100.00% |
South Malaysia Industries Bhd Competitors by Market Cap
The table below lists competitors of South Malaysia Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
C.H.ROBINSON WLDWDE
MU:CH1A
|
$1.48 Million |
|
MSCM Holdings Bhd
KLSE:0041
|
$1.48 Million |
|
Gamla Harel Residential Real-Estate Ltd
TA:GMLA
|
$1.48 Million |
|
Universal PropTech Inc
PINK:UPIPF
|
$1.48 Million |
|
CAP-EX IRON ORE
F:X0V
|
$1.48 Million |
|
Altura Mining Limited
PINK:ALTAF
|
$1.48 Million |
|
Techindia Nirman Limited
NSE:TECHIN
|
$1.48 Million |
|
Athena Resources Ltd
AU:AHN
|
$1.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in South Malaysia Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 134,994,000 to 129,212,130, a change of -5,781,870 (-4.3%).
- Net loss of 1,636,630 reduced equity.
- Other factors decreased equity by 4,145,240.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-1.64 Million | -1.27% |
| Other Changes | RM-4.15 Million | -3.21% |
| Total Change | RM- | -4.28% |
Book Value vs Market Value Analysis
This analysis compares South Malaysia Industries 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: 0.29x
- 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 |
|---|---|---|---|
| 2016-12-31 | RM0.69 | RM0.18 | x |
| 2017-12-31 | RM0.84 | RM0.18 | x |
| 2018-12-31 | RM0.84 | RM0.18 | x |
| 2019-12-31 | RM0.80 | RM0.18 | x |
| 2020-12-31 | RM0.72 | RM0.18 | x |
| 2021-12-31 | RM0.69 | RM0.18 | x |
| 2022-12-31 | RM0.64 | RM0.18 | x |
| 2023-12-31 | RM0.62 | RM0.18 | x |
| 2024-12-31 | RM0.64 | RM0.18 | x |
| 2025-12-31 | RM0.62 | RM0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently South Malaysia Industries 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): -1.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.31%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.23x
- Recent ROE (-1.27%) is below the historical average (0.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.04% | 4.17% | 0.37x | 1.31x | RM-11.60 Million |
| 2017 | 15.95% | 43.89% | 0.29x | 1.25x | RM10.49 Million |
| 2018 | 2.44% | 6.09% | 0.33x | 1.22x | RM-13.32 Million |
| 2019 | -4.55% | -11.33% | 0.33x | 1.20x | RM-24.56 Million |
| 2020 | -2.55% | -7.56% | 0.27x | 1.26x | RM-18.99 Million |
| 2021 | -1.18% | -3.44% | 0.28x | 1.22x | RM-16.28 Million |
| 2022 | -7.03% | -14.01% | 0.42x | 1.20x | RM-22.76 Million |
| 2023 | -3.18% | -12.05% | 0.22x | 1.19x | RM-17.19 Million |
| 2024 | 3.07% | 13.96% | 0.19x | 1.17x | RM-9.35 Million |
| 2025 | -1.27% | -4.31% | 0.24x | 1.23x | RM-14.56 Million |
Industry Comparison
This section compares South Malaysia Industries Bhd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $134,352,787
- Average return on equity (ROE) among peers: 12.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| South Malaysia Industries Bhd (4375) | RM129.21 Million | 2.04% | 0.23x | $1.48 Million |
| Supercomnet Technologies Bhd (0001) | $420.88 Million | 7.44% | 0.06x | $34.60 Million |
| Mikro MSC Bhd (0112) | $52.82 Million | 19.58% | 0.32x | $34.39 Million |
| Fibon Bhd (0149) | $51.50 Million | 3.34% | 0.05x | $1.49 Million |
| Powerwell Holdings Bhd (0217) | $84.51 Million | 23.33% | 0.96x | $38.99 Million |
| Southern Cable Group Bhd (0225) | $121.22 Million | 15.00% | 1.92x | $305.49 Million |
| Cnergenz Bhd (0246) | $78.15 Million | 39.09% | 0.50x | $11.85 Million |
| Master Tec Group Berhad (0295) | $76.45 Million | 7.24% | 1.72x | $34.75 Million |
| SWIFT ENERGY TECHNOLOGY BERHAD (0337) | $38.82 Million | 9.22% | 0.98x | $10.97 Million |
| Sarawak Cable Bhd (5170) | $284.81 Million | -12.08% | 2.87x | $312.56K |