Malaysia Steel Works KL Bhd
Malaysia Steel Works (KL) Bhd., together with its subsidiaries, manufactures and markets tensile steel bars, mild steel bars, and prime steel billets for the construction and infrastructure sectors in Malaysia and internationally. The company is involved in the transportation and logistics of steel bars and billets; and fabrication and trading of steel products. Malaysia Steel Works (KL) Bhd. was… Read more
Malaysia Steel Works KL Bhd (5098) - Net Assets
Latest net assets as of September 2025: RM985.93 Million MYR
Based on the latest financial reports, Malaysia Steel Works KL Bhd (5098) has net assets worth RM985.93 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 (RM2.48 Billion) and total liabilities (RM1.50 Billion). 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 | RM985.93 Million |
| % of Total Assets | 39.68% |
| Annual Growth Rate | 5.22% |
| 5-Year Change | 34.35% |
| 10-Year Change | 82.71% |
| Growth Volatility | 7.3 |
Malaysia Steel Works KL Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Malaysia Steel Works KL 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 Malaysia Steel Works KL Bhd (2012–2024)
The table below shows the annual net assets of Malaysia Steel Works KL Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM968.37 Million | +11.90% |
| 2023-12-31 | RM865.36 Million | +0.28% |
| 2022-12-31 | RM862.96 Million | +2.20% |
| 2021-12-31 | RM844.37 Million | +17.15% |
| 2020-12-31 | RM720.77 Million | -1.26% |
| 2019-12-31 | RM729.98 Million | +11.00% |
| 2018-12-31 | RM657.62 Million | +1.48% |
| 2017-12-31 | RM648.02 Million | +17.62% |
| 2016-12-31 | RM550.97 Million | +3.96% |
| 2015-12-31 | RM530.00 Million | -7.99% |
| 2014-12-31 | RM576.00 Million | +4.16% |
| 2013-12-31 | RM553.00 Million | +5.13% |
| 2012-12-31 | RM526.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Malaysia Steel Works KL 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 35.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM476.64 Million | 49.22% |
| Common Stock | RM333.93 Million | 34.48% |
| Other Components | RM157.81 Million | 16.30% |
| Total Equity | RM968.37 Million | 100.00% |
Malaysia Steel Works KL Bhd Competitors by Market Cap
The table below lists competitors of Malaysia Steel Works KL Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lion Copper and Gold Corp
OTCQB:LCGMF
|
$23.85 Million |
|
Jasa Armada Indonesia Tbk PT
JK:IPCM
|
$23.85 Million |
|
BAHADIR KIMYA
IS:BAHKM
|
$23.86 Million |
|
Red Pine Exploration Inc
OTCQB:RDEXF
|
$23.87 Million |
|
The Ugar Sugar Works Limited
NSE:UGARSUGAR
|
$23.83 Million |
|
UNITEKNO Co.Ltd
KQ:241690
|
$23.82 Million |
|
Mustgrow Biologics Corp
OTCQB:MGROF
|
$23.82 Million |
|
Chiho Environmental Group Limited
STU:T4N
|
$23.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malaysia Steel Works KL Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 865,359,000 to 968,373,000, a change of 103,014,000 (11.9%).
- Net income of 16,990,000 contributed positively to equity growth.
- Share repurchases of 4,279,000 reduced equity.
- New share issuances of 4,279,000 increased equity.
- Other factors increased equity by 86,024,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM16.99 Million | +1.75% |
| Share Repurchases | RM4.28 Million | -0.44% |
| Share Issuances | RM4.28 Million | +0.44% |
| Other Changes | RM86.02 Million | +8.88% |
| Total Change | RM- | 11.90% |
Book Value vs Market Value Analysis
This analysis compares Malaysia Steel Works KL 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: 0.19x
- 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 | RM1.34 | RM0.26 | x |
| 2017-12-31 | RM1.46 | RM0.26 | x |
| 2018-12-31 | RM1.47 | RM0.26 | x |
| 2019-12-31 | RM1.59 | RM0.26 | x |
| 2020-12-31 | RM1.52 | RM0.26 | x |
| 2021-12-31 | RM1.24 | RM0.26 | x |
| 2022-12-31 | RM1.27 | RM0.26 | x |
| 2023-12-31 | RM1.28 | RM0.26 | x |
| 2024-12-31 | RM1.40 | RM0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malaysia Steel Works KL 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): 1.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.68%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.35x
- Recent ROE (1.75%) is below the historical average (2.38%), 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 | 3.89% | 1.78% | 0.97x | 2.27x | RM-33.67 Million |
| 2017 | 11.64% | 5.16% | 1.11x | 2.03x | RM10.66 Million |
| 2018 | 1.02% | 0.45% | 1.09x | 2.09x | RM-59.06 Million |
| 2019 | -1.14% | -0.70% | 0.79x | 2.08x | RM-81.32 Million |
| 2020 | -2.04% | -1.06% | 0.86x | 2.23x | RM-86.80 Million |
| 2021 | 3.85% | 2.06% | 0.92x | 2.04x | RM-51.93 Million |
| 2022 | 2.21% | 1.07% | 0.99x | 2.09x | RM-67.22 Million |
| 2023 | 0.28% | 0.12% | 1.03x | 2.27x | RM-84.13 Million |
| 2024 | 1.75% | 0.68% | 1.10x | 2.35x | RM-79.85 Million |
Industry Comparison
This section compares Malaysia Steel Works KL Bhd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $379,394,660
- Average return on equity (ROE) among peers: 5.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malaysia Steel Works KL Bhd (5098) | RM985.93 Million | 3.89% | 1.52x | $23.83 Million |
| Tashin Holdings Bhd (0211) | $105.52 Million | 3.94% | 0.78x | $3.14 Million |
| LEFORM (0266) | $169.81 Million | 26.25% | 1.30x | $10.26 Million |
| Minox International Group Berhad (0288) | $49.43 Million | 20.85% | 0.61x | $2.59 Million |
| TSA (0297) | $150.04 Million | 26.76% | 0.61x | $3.80 Million |
| Hydropipes Industries Sdn. Bhd. (03060) | $8.17 Million | 0.00% | 0.21x | $658.12 |
| BWYS Group Berhad (0313) | $217.83 Million | 3.52% | 0.84x | $7.21 Million |
| Colform Group Berhad (0341) | $83.84 Million | 16.50% | 0.18x | $571.81 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Melewar Industrial Group Bhd (3778) | $322.00 Million | -66.77% | 3.42x | $5.14 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |