Sinaran Advance Group Bhd (5172) - Net Assets
Based on the latest financial reports, Sinaran Advance Group Bhd (5172) has net assets worth RM15.23 Million MYR (≈ $3.82 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 (RM19.11 Million ≈ $4.80 Million USD) and total liabilities (RM3.88 Million ≈ $973.64K 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. Check Sinaran Advance Group Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM15.23 Million |
| % of Total Assets | 79.7% |
| Annual Growth Rate | -22.65% |
| 5-Year Change | -63.57% |
| 10-Year Change | -79.3% |
| Growth Volatility | 28.47 |
Sinaran Advance Group Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Sinaran Advance Group Bhd's net assets have evolved over time, based on quarterly financial data. See 5172 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sinaran Advance Group Bhd (2012–2025)
The table below shows the annual net assets of Sinaran Advance Group Bhd from 2012 to 2025. For live valuation and market cap data, see Sinaran Advance Group Bhd (5172) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM15.23 Million ≈ $3.82 Million |
-11.08% |
| 2024-12-31 | RM17.12 Million ≈ $4.30 Million |
-50.22% |
| 2023-12-31 | RM34.40 Million ≈ $8.64 Million |
-16.20% |
| 2022-12-31 | RM41.05 Million ≈ $10.31 Million |
-1.78% |
| 2021-12-31 | RM41.80 Million ≈ $10.49 Million |
+55.41% |
| 2020-12-31 | RM26.90 Million ≈ $6.75 Million |
+3.59% |
| 2019-12-31 | RM25.96 Million ≈ $6.52 Million |
-11.90% |
| 2018-12-31 | RM29.47 Million ≈ $7.40 Million |
-42.11% |
| 2017-12-31 | RM50.91 Million ≈ $12.78 Million |
-30.79% |
| 2016-12-31 | RM73.55 Million ≈ $18.47 Million |
-67.60% |
| 2015-12-31 | RM227.00 Million ≈ $56.99 Million |
-25.33% |
| 2014-12-31 | RM304.00 Million ≈ $76.32 Million |
-12.39% |
| 2013-12-31 | RM347.00 Million ≈ $87.12 Million |
-19.11% |
| 2012-12-31 | RM429.00 Million ≈ $107.71 Million |
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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 7447128600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM47.09 Million | 309.26% |
| Total Equity | RM15.23 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 |
|---|---|
|
Armidian Karyatama Tbk PT
JK:ARMY
|
$26.39 Million |
|
Mundoro Capital Inc
V:MUN
|
$26.39 Million |
|
Reka Industrial Oyj
HE:REKA
|
$26.39 Million |
|
Velocity Minerals Ltd
V:VLC
|
$26.39 Million |
|
Samkee Automotive Co. Ltd
KQ:122350
|
$26.37 Million |
|
Multi Agro Gemilang Plantation Tbk PT
JK:MAGP
|
$26.37 Million |
|
Pritika Auto Industries Limited
NSE:PRITIKAUTO
|
$26.36 Million |
|
SGA Solutions Co.Ltd
KQ:184230
|
$26.36 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 2024 to 2025, total equity changed from 17,125,000 to 15,227,000, a change of -1,898,000 (-11.1%).
- Net loss of 6,253,000 reduced equity.
- New share issuances of 3,400,000 increased equity.
- Other factors increased equity by 955,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-6.25 Million | -41.07% |
| Share Issuances | RM3.40 Million | +22.33% |
| Other Changes | RM955.00K | +6.27% |
| Total Change | RM- | -11.08% |
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: 6.90x
- 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 0.36x to 6.90x 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 | RM0.10 | x |
| 2017-12-31 | RM0.17 | RM0.10 | x |
| 2018-12-31 | RM0.08 | RM0.10 | x |
| 2019-12-31 | RM0.06 | RM0.10 | x |
| 2020-12-31 | RM0.05 | RM0.10 | x |
| 2021-12-31 | RM0.06 | RM0.10 | x |
| 2022-12-31 | RM0.04 | RM0.10 | x |
| 2023-12-31 | RM0.04 | RM0.10 | x |
| 2024-12-31 | RM0.02 | RM0.10 | x |
| 2025-12-31 | RM0.01 | RM0.10 | 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): -41.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -58.81%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.25x
- Recent ROE (-41.07%) is above the historical average (-54.05%), indicating improving 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 |
| 2025 | -41.07% | -58.81% | 0.56x | 1.25x | RM-7.78 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: $1,304,831,000
- Average return on equity (ROE) among peers: -10.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinaran Advance Group Bhd (5172) | RM15.23 Million | -94.73% | 0.25x | $26.39 Million |
| XiDeLang Holdings Ltd (5156) | $1.30 Billion | -10.81% | 0.16x | $5.31 Million |
About 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