Southern Acids (M) Bhd Net Assets

Latest as of December 2025: RM868.60 Million MYR ≈ $218.08 Million USD

Southern Acids (M) Bhd net assets. Based on the latest financial reports, Southern Acids (M) Bhd (5134) has net assets worth RM868.60 Million MYR (≈ $218.08 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM992.30 Million ≈ $249.14 Million USD) and total liabilities (RM123.71 Million ≈ $31.06 Million USD). 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. Also explore 5134 net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM868.60 Million
% of Total Assets	87.53%
Annual Growth Rate	4.09%
5-Year Change	22.28%
10-Year Change	39.74%
Growth Volatility	3.79

Net Assets of Southern Acids (M) Bhd (2013–2025)

Net assets of Southern Acids (M) Bhd from 2013 to 2025. This chart illustrates how Southern Acids (M) Bhd's net assets have evolved over time, based on quarterly financial data. See 5134 equity to assets ratio to measure how much of total assets are equity-financed.

Annual Net Assets for Southern Acids (M) Bhd (2013–2025)

The table below shows the annual net assets of Southern Acids (M) Bhd from 2013 to 2025. For live market cap and overall valuation, see Southern Acids (M) Bhd (5134) total market value.

Year	Net Assets	Change
2025-03-31	RM779.74 Million ≈ $195.77 Million	+0.02%
2024-03-31	RM779.57 Million ≈ $195.72 Million	+3.26%
2023-03-31	RM754.93 Million ≈ $189.54 Million	+3.77%
2022-03-31	RM727.47 Million ≈ $182.64 Million	+14.08%
2021-03-31	RM637.66 Million ≈ $160.10 Million	+7.27%
2020-03-31	RM594.42 Million ≈ $149.24 Million	-1.14%
2019-03-31	RM601.28 Million ≈ $150.96 Million	+2.54%
2018-03-31	RM586.38 Million ≈ $147.22 Million	+3.10%
2017-03-31	RM568.76 Million ≈ $142.80 Million	+1.93%
2016-03-31	RM558.00 Million ≈ $140.10 Million	+3.53%
2015-03-31	RM539.00 Million ≈ $135.33 Million	+4.46%
2014-03-31	RM516.00 Million ≈ $129.55 Million	+7.05%
2013-03-31	RM482.00 Million ≈ $121.01 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Southern Acids (M) 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 66.5% over the analyzed period, indicating profitable operations and earnings retention.

Southern Acids (M) Bhd Net Assets Breakdown (March 2025)

Southern Acids (M) Bhd net assets breakdown by equity component as of March 2025.

Component	Amount	Percentage
Retained Earnings	RM630.29 Million	80.83%
Common Stock	RM171.25 Million	21.96%
Total Equity	RM779.74 Million	100.00%

Southern Acids (M) Bhd Competitors by Market Cap

The table below lists competitors of Southern Acids (M) Bhd ranked by their market capitalization.

Company	Market Cap
SAI SILKS (KALAMANDIR) LIMITED NSE:KALAMANDIR	$103.50 Million
Shanghai Jinjiang International Travel Co Ltd SHG:900929	$103.53 Million
Synchronoss Technologies Inc NASDAQ:SNCR	$103.56 Million
Sejong Industrial KO:033530	$103.58 Million
First Steamship Co Ltd TW:2601	$103.41 Million
American Rare EARTHS Ltd AU:ARR	$103.41 Million
Hsin Ba Ba Corp TW:9906	$103.37 Million
SA Catana Group PA:CATG	$103.36 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Southern Acids (M) Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 779,570,000 to 779,743,000, a change of 173,000 (0.0%).
Net income of 36,702,000 contributed positively to equity growth.
Dividend payments of 6,847,000 reduced retained earnings.
Other factors decreased equity by 29,682,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM36.70 Million	+4.71%
Dividends Paid	RM6.85 Million	-0.88%
Other Changes	RM-29.68 Million	-3.81%
Total Change	RM-	0.02%

Book Value vs Market Value Analysis

This analysis compares Southern Acids (M) 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: 0.53x
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 decreased from 0.72x to 0.53x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-03-31	RM4.15	RM3.01	x
2018-03-31	RM4.28	RM3.01	x
2019-03-31	RM4.39	RM3.01	x
2020-03-31	RM4.34	RM3.01	x
2021-03-31	RM4.66	RM3.01	x
2022-03-31	RM5.31	RM3.01	x
2023-03-31	RM5.51	RM3.01	x
2024-03-31	RM5.69	RM3.01	x
2025-03-31	RM5.69	RM3.01	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Southern Acids (M) 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): 4.71%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.37%
• Asset Turnover: 1.08x
• Equity Multiplier: 1.29x
Recent ROE (4.71%) is below the historical average (5.86%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	8.57%	6.58%	1.05x	1.24x	RM-8.15 Million
2018	5.55%	4.27%	1.06x	1.22x	RM-26.08 Million
2019	3.57%	3.59%	0.82x	1.22x	RM-38.64 Million
2020	5.38%	4.85%	0.91x	1.22x	RM-27.44 Million
2021	5.86%	5.04%	0.91x	1.27x	RM-26.41 Million
2022	12.98%	8.03%	1.21x	1.33x	RM21.67 Million
2023	4.41%	3.03%	1.13x	1.29x	RM-42.20 Million
2024	1.75%	1.50%	0.89x	1.31x	RM-64.32 Million
2025	4.71%	3.37%	1.08x	1.29x	RM-41.27 Million

Industry Comparison

This section compares Southern Acids (M) Bhd's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $2,223,328,029
Average return on equity (ROE) among peers: 1.17%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Southern Acids (M) Bhd (5134)	RM868.60 Million	8.57%	0.14x	$103.48 Million
Digistar Corporation Bhd (0029)	$55.11 Million	-5.17%	5.64x	$5.24 Million
Key Alliance Group Bhd (0036)	$57.64 Million	-29.90%	1.28x	$1.69 Million
MSCM Holdings Bhd (0041)	$361.99 Million	-16.91%	0.12x	$7.06 Million
Asdion Bhd (0068)	$47.42 Million	10.65%	0.30x	$641.09K
EA Holdings Bhd (0154)	$134.80 Million	-11.08%	0.09x	$8.10 Million
Sports Toto Berhad (1562)	$768.02 Million	30.88%	2.39x	$422.28 Million
Batu Kawan Bhd (1899)	$8.87 Billion	5.88%	0.60x	$1.90 Billion
Kuala Lumpur Kepong Bhd (2445)	$7.51 Billion	16.13%	0.52x	$5.86 Billion
Hap Seng Consolidated Bhd (3034)	$2.58 Billion	12.18%	1.15x	$1.59 Billion
Berjaya Assets Bhd (3239)	$1.85 Billion	-0.96%	0.64x	$192.69 Million

About Southern Acids (M) Bhd

KLSE:5134 Malaysia Conglomerates

Market Cap

$103.48 Million

RM412.17 Million MYR

Market Cap Rank

#18879 Global

#319 in Malaysia

Share Price

RM3.01

Change (1 day)

-2.27%

52-Week Range

RM3.00 - RM3.45

All Time High

RM4.62