Shin Yang Shipping Corporation Bhd
Shin Yang Group Berhad, an investment holding company, offers shipping, shipbuilding, and ship repair services in Malaysia and internationally. The company transports loose bulk and container cargoes, such as timber logs, sawn timber, plywood, quarry, cement, glue, lubricants, project cargoes, car containers, timber products, light equipment, heavy machineries, vehicles, metal plates, steel produ… Read more
Shin Yang Shipping Corporation Bhd (5173) - Net Assets
Latest net assets as of December 2025: RM1.59 Billion MYR
Based on the latest financial reports, Shin Yang Shipping Corporation Bhd (5173) has net assets worth RM1.59 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM2.06 Billion) and total liabilities (RM475.34 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 | RM1.59 Billion |
| % of Total Assets | 76.97% |
| Annual Growth Rate | 2.23% |
| 5-Year Change | 62.6% |
| 10-Year Change | 31.18% |
| Growth Volatility | 8.6 |
Shin Yang Shipping Corporation Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Shin Yang Shipping Corporation 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 Shin Yang Shipping Corporation Bhd (2012–2025)
The table below shows the annual net assets of Shin Yang Shipping Corporation Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM1.51 Billion | +15.95% |
| 2024-06-30 | RM1.30 Billion | +6.21% |
| 2023-06-30 | RM1.23 Billion | +15.34% |
| 2022-06-30 | RM1.06 Billion | +14.47% |
| 2021-06-30 | RM928.19 Million | +1.86% |
| 2020-06-30 | RM911.27 Million | -14.62% |
| 2019-06-30 | RM1.07 Billion | -9.12% |
| 2018-06-30 | RM1.17 Billion | +1.58% |
| 2017-06-30 | RM1.16 Billion | +0.50% |
| 2016-06-30 | RM1.15 Billion | -0.91% |
| 2015-06-30 | RM1.16 Billion | +2.47% |
| 2014-06-30 | RM1.13 Billion | +0.71% |
| 2013-06-30 | RM1.12 Billion | -0.71% |
| 2012-06-30 | RM1.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shin Yang Shipping Corporation 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 148.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM534.11 Million | 37.67% |
| Other Components | RM883.58 Million | 62.33% |
| Total Equity | RM1.42 Billion | 100.00% |
Shin Yang Shipping Corporation Bhd Competitors by Market Cap
The table below lists competitors of Shin Yang Shipping Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INmune Bio Inc
NASDAQ:INMB
|
$25.55 Million |
|
CULP INC. DL-05
F:CUZ
|
$25.56 Million |
|
Estika Tata Tiara Tbk PT
JK:BEEF
|
$25.57 Million |
|
HCB Financial Corp
PINK:HCBN
|
$25.57 Million |
|
Fortune Oriental Co Ltd
TW:2491
|
$25.54 Million |
|
BIDV Insurance Corp
VN:BIC
|
$25.54 Million |
|
Chu Kong Shipping Enterprises (Group) Company Limited
F:CKW
|
$25.53 Million |
|
Brunswick Exploration Inc.
PINK:BRWXF
|
$25.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shin Yang Shipping Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,293,745,499 to 1,417,693,684, a change of 123,948,185 (9.6%).
- Net income of 164,129,728 contributed positively to equity growth.
- Dividend payments of 33,783,309 reduced retained earnings.
- Share repurchases of 6,398,234 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM164.13 Million | +11.58% |
| Dividends Paid | RM33.78 Million | -2.38% |
| Share Repurchases | RM6.40 Million | -0.45% |
| Total Change | RM- | 9.58% |
Book Value vs Market Value Analysis
This analysis compares Shin Yang Shipping Corporation 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: 0.62x
- 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 0.81x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM0.96 | RM0.78 | x |
| 2017-06-30 | RM0.96 | RM0.78 | x |
| 2018-06-30 | RM0.99 | RM0.78 | x |
| 2019-06-30 | RM0.91 | RM0.78 | x |
| 2020-06-30 | RM0.78 | RM0.78 | x |
| 2021-06-30 | RM0.79 | RM0.78 | x |
| 2022-06-30 | RM0.93 | RM0.78 | x |
| 2023-06-30 | RM1.07 | RM0.78 | x |
| 2024-06-30 | RM1.15 | RM0.78 | x |
| 2025-06-30 | RM1.26 | RM0.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shin Yang Shipping Corporation 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): 11.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.02%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.42x
- Recent ROE (11.58%) is above the historical average (2.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.44% | 0.57% | 0.41x | 1.88x | RM-108.83 Million |
| 2016 | 0.71% | 1.27% | 0.33x | 1.70x | RM-106.87 Million |
| 2017 | 0.46% | 0.91% | 0.33x | 1.55x | RM-110.29 Million |
| 2018 | 2.01% | 3.82% | 0.36x | 1.46x | RM-93.79 Million |
| 2019 | -8.12% | -13.43% | 0.39x | 1.54x | RM-193.40 Million |
| 2020 | -16.04% | -24.50% | 0.42x | 1.55x | RM-237.27 Million |
| 2021 | 1.84% | 2.83% | 0.43x | 1.49x | RM-75.77 Million |
| 2022 | 13.36% | 15.88% | 0.60x | 1.40x | RM35.67 Million |
| 2023 | 14.82% | 22.10% | 0.52x | 1.29x | RM58.83 Million |
| 2024 | 8.55% | 12.37% | 0.55x | 1.25x | RM-18.75 Million |
| 2025 | 11.58% | 9.02% | 0.91x | 1.42x | RM22.36 Million |
Industry Comparison
This section compares Shin Yang Shipping Corporation Bhd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $2,526,949,342
- Average return on equity (ROE) among peers: -91.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shin Yang Shipping Corporation Bhd (5173) | RM1.59 Billion | 0.44% | 0.30x | $25.55 Million |
| MISC Bhd (3816) | $18.44 Billion | 15.31% | 0.50x | $3.69 Billion |
| Bintulu Port Holdings Bhd (5032) | $1.69 Billion | 21.49% | 0.87x | $134.22 Million |
| Malaysian Bulk Carriers Bhd (5077) | $487.05 Million | 19.13% | 0.31x | $26.08 Million |
| Sealink International Bhd (5145) | $216.54 Million | -1.76% | 0.51x | $14.21 Million |
| EA Technique M Bhd (5259) | $17.46 Million | -862.63% | 31.10x | $18.76 Million |
| PDZ Holdings Bhd (6254) | $53.87 Million | -21.97% | 0.17x | $2.23 Million |
| Suria Capital Holdings Bhd (6521) | $1.11 Billion | 2.98% | 0.24x | $40.92 Million |
| HUBLine Bhd (7013) | $169.06 Million | 7.01% | 1.03x | $15.16 Million |
| Perak Corporation Bhd (8346) | $561.21 Million | -2.78% | 1.11x | $2.36 Million |