Sinaran Advance Group Bhd
Sinaran Advance Group Berhad, an investment holding company, engages in construction and related activities in Malaysia. The company undertakes interior completion works and construction of other engineering projects; electrical installation works; and focus on infrastructure projects, renewable energy developments, and commercial real estate and residential construction projects. It is also invo… Read more
Sinaran Advance Group Bhd (5172) - Net Assets
Latest net assets as of September 2025: RM16.87 Million MYR
Based on the latest financial reports, Sinaran Advance Group Bhd (5172) has net assets worth RM16.87 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 (RM21.42 Million) and total liabilities (RM4.54 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 | RM16.87 Million |
| % of Total Assets | 78.79% |
| Annual Growth Rate | -23.54% |
| 5-Year Change | -36.33% |
| 10-Year Change | -92.46% |
| Growth Volatility | 29.56 |
Sinaran Advance Group Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Sinaran Advance Group 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 Sinaran Advance Group Bhd (2012–2024)
The table below shows the annual net assets of Sinaran Advance Group Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM17.12 Million | -50.22% |
| 2023-12-31 | RM34.40 Million | -16.20% |
| 2022-12-31 | RM41.05 Million | -1.78% |
| 2021-12-31 | RM41.80 Million | +55.41% |
| 2020-12-31 | RM26.90 Million | +3.59% |
| 2019-12-31 | RM25.96 Million | -11.90% |
| 2018-12-31 | RM29.47 Million | -42.11% |
| 2017-12-31 | RM50.91 Million | -30.79% |
| 2016-12-31 | RM73.55 Million | -67.60% |
| 2015-12-31 | RM227.00 Million | -25.33% |
| 2014-12-31 | RM304.00 Million | -12.39% |
| 2013-12-31 | RM347.00 Million | -19.11% |
| 2012-12-31 | RM429.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinaran Advance Group 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 8072428600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM42.74 Million | 249.55% |
| Total Equity | RM17.12 Million | 100.00% |
Sinaran Advance Group Bhd Competitors by Market Cap
The table below lists competitors of Sinaran Advance Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ease2pay NV
AS:EAS2P
|
$6.57 Million |
|
Duell Oyj
HE:DUELL
|
$6.57 Million |
|
Marine Petroleum Trust
NASDAQ:MARPS
|
$6.57 Million |
|
KAWASAN IND JAB -A-
MU:HZ4
|
$6.58 Million |
|
GROLLEAU SAS EO -5
F:30U
|
$6.57 Million |
|
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS
IS:PKART
|
$6.57 Million |
|
Esotiq & Henderson S.A.
WAR:EAH
|
$6.56 Million |
|
WIN Metals Ltd
AU:WIN
|
$6.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinaran Advance Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,404,000 to 17,125,000, a change of -17,279,000 (-50.2%).
- Net loss of 20,207,000 reduced equity.
- Other factors increased equity by 2,928,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-20.21 Million | -118.0% |
| Other Changes | RM2.93 Million | +17.1% |
| Total Change | RM- | -50.22% |
Book Value vs Market Value Analysis
This analysis compares Sinaran Advance Group 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: 3.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.24x to 3.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.28 | RM0.07 | x |
| 2017-12-31 | RM0.17 | RM0.07 | x |
| 2018-12-31 | RM0.08 | RM0.07 | x |
| 2019-12-31 | RM0.06 | RM0.07 | x |
| 2020-12-31 | RM0.05 | RM0.07 | x |
| 2021-12-31 | RM0.06 | RM0.07 | x |
| 2022-12-31 | RM0.04 | RM0.07 | x |
| 2023-12-31 | RM0.04 | RM0.07 | x |
| 2024-12-31 | RM0.02 | RM0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinaran Advance Group 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): -118.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -138.39%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.05x
- Recent ROE (-118.00%) is below the historical average (-55.50%), 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 | -94.73% | -36.65% | 1.08x | 2.40x | RM-77.03 Million |
| 2017 | -47.11% | -12.53% | 1.31x | 2.87x | RM-29.08 Million |
| 2018 | -144.32% | -26.53% | 1.47x | 3.69x | RM-45.48 Million |
| 2019 | -26.54% | -5.39% | 1.17x | 4.20x | RM-9.49 Million |
| 2020 | -13.42% | -4.39% | 1.05x | 2.90x | RM-6.30 Million |
| 2021 | -13.52% | -5.54% | 0.84x | 2.89x | RM-9.83 Million |
| 2022 | -20.21% | -14.57% | 0.50x | 2.77x | RM-12.40 Million |
| 2023 | -21.62% | -14.20% | 0.54x | 2.79x | RM-10.88 Million |
| 2024 | -118.00% | -138.39% | 0.82x | 1.05x | RM-21.92 Million |
Industry Comparison
This section compares Sinaran Advance Group Bhd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $496,160,020
- Average return on equity (ROE) among peers: 21.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinaran Advance Group Bhd (5172) | RM16.87 Million | -94.73% | 0.27x | $6.57 Million |
| Carlo Rino Group Bhd (0335) | $90.32 Million | 24.61% | 0.51x | $4.64 Million |
| XiDeLang Holdings Ltd (5156) | $902.00 Million | 18.40% | 0.16x | $1.41 Million |