K Seng Seng Corporation Bhd (5192) - Net Assets
Based on the latest financial reports, K Seng Seng Corporation Bhd (5192) has net assets worth RM196.30 Million MYR (≈ $49.28 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM356.79 Million ≈ $89.58 Million USD) and total liabilities (RM160.49 Million ≈ $40.29 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. Check 5192 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM196.30 Million |
| % of Total Assets | 55.02% |
| Annual Growth Rate | 7.66% |
| 5-Year Change | 65.61% |
| 10-Year Change | 108.76% |
| Growth Volatility | 11.17 |
K Seng Seng Corporation Bhd - Net Assets Trend (2012–2025)
This chart illustrates how K Seng Seng Corporation Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 5192 stock market capitalisation.
Annual Net Assets for K Seng Seng Corporation Bhd (2012–2025)
The table below shows the annual net assets of K Seng Seng Corporation Bhd from 2012 to 2025. Also explore K Seng Seng Corporation Bhd (5192) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM159.21 Million ≈ $39.97 Million |
+13.35% |
| 2024-12-31 | RM140.45 Million ≈ $35.26 Million |
+37.58% |
| 2023-12-31 | RM102.09 Million ≈ $25.63 Million |
+4.59% |
| 2022-12-31 | RM97.61 Million ≈ $24.51 Million |
+1.54% |
| 2021-12-31 | RM96.13 Million ≈ $24.14 Million |
+18.72% |
| 2020-12-31 | RM80.97 Million ≈ $20.33 Million |
+4.67% |
| 2019-12-31 | RM77.36 Million ≈ $19.42 Million |
-2.90% |
| 2018-12-31 | RM79.67 Million ≈ $20.00 Million |
-1.12% |
| 2017-12-31 | RM80.57 Million ≈ $20.23 Million |
+5.65% |
| 2016-12-31 | RM76.27 Million ≈ $19.15 Million |
+3.06% |
| 2015-12-31 | RM74.00 Million ≈ $18.58 Million |
-1.33% |
| 2014-12-31 | RM75.00 Million ≈ $18.83 Million |
+1.35% |
| 2013-12-31 | RM74.00 Million ≈ $18.58 Million |
+21.31% |
| 2012-12-31 | RM61.00 Million ≈ $15.32 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to K Seng Seng 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 62.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM40.52 Million | 25.45% |
| Common Stock | RM118.69 Million | 74.55% |
| Total Equity | RM159.21 Million | 100.00% |
K Seng Seng Corporation Bhd Competitors by Market Cap
The table below lists competitors of K Seng Seng Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Teads B.V.
NASDAQ:TEAD
|
$44.82 Million |
|
PBG S.A
SA:PTBL3
|
$44.82 Million |
|
Arrow Syndicate Public Company Limited
BK:ARROW
|
$44.84 Million |
|
Eternit S.A
SA:ETER3
|
$44.84 Million |
|
Eslite Spectrum
TWO:2926
|
$44.79 Million |
|
Shinil Electronics Co
KO:002700
|
$44.77 Million |
|
Sea & Land Integrated Co
TWO:5603
|
$44.77 Million |
|
FreeCast, Inc. Class A Common Stock
NASDAQ:CAST
|
$44.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in K Seng Seng Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 140,454,160 to 159,210,000, a change of 18,755,840 (13.4%).
- Net income of 6,085,000 contributed positively to equity growth.
- Share repurchases of 12,671,000 reduced equity.
- New share issuances of 12,671,000 increased equity.
- Other factors increased equity by 12,670,840.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.08 Million | +3.82% |
| Share Repurchases | RM12.67 Million | -7.96% |
| Share Issuances | RM12.67 Million | +7.96% |
| Other Changes | RM12.67 Million | +7.96% |
| Total Change | RM- | 13.35% |
Book Value vs Market Value Analysis
This analysis compares K Seng Seng 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: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.17x to 1.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.71 | RM0.83 | x |
| 2017-12-31 | RM0.75 | RM0.83 | x |
| 2018-12-31 | RM0.74 | RM0.83 | x |
| 2019-12-31 | RM0.72 | RM0.83 | x |
| 2020-12-31 | RM0.69 | RM0.83 | x |
| 2021-12-31 | RM0.74 | RM0.83 | x |
| 2022-12-31 | RM0.75 | RM0.83 | x |
| 2023-12-31 | RM0.68 | RM0.83 | x |
| 2024-12-31 | RM0.76 | RM0.83 | x |
| 2025-12-31 | RM0.79 | RM0.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently K Seng Seng 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): 3.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.59%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.86x
- Recent ROE (3.82%) is above the historical average (1.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.73% | 2.06% | 0.91x | 1.46x | RM-5.32 Million |
| 2016 | 4.99% | 3.73% | 0.80x | 1.67x | RM-3.82 Million |
| 2017 | 6.80% | 4.44% | 1.00x | 1.53x | RM-2.58 Million |
| 2018 | 1.28% | 0.95% | 0.86x | 1.56x | RM-6.95 Million |
| 2019 | -2.61% | -1.88% | 0.87x | 1.60x | RM-9.75 Million |
| 2020 | -1.23% | -0.94% | 0.74x | 1.77x | RM-9.09 Million |
| 2021 | 11.10% | 7.02% | 0.73x | 2.15x | RM1.05 Million |
| 2022 | 1.52% | 0.77% | 1.03x | 1.92x | RM-8.28 Million |
| 2023 | -13.12% | -7.31% | 0.64x | 2.82x | RM-23.61 Million |
| 2024 | 5.50% | 2.59% | 0.87x | 2.43x | RM-6.33 Million |
| 2025 | 3.82% | 2.59% | 0.79x | 1.86x | RM-9.84 Million |
Industry Comparison
This section compares K Seng Seng Corporation Bhd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $524,546,869
- Average return on equity (ROE) among peers: 4.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K Seng Seng Corporation Bhd (5192) | RM196.30 Million | 2.73% | 0.82x | $44.81 Million |
| Tashin Holdings Bhd (0211) | $155.78 Million | 7.24% | 0.30x | $16.21 Million |
| LEFORM (0266) | $551.74 Million | -1.32% | 2.62x | $63.21 Million |
| Minox International Group Berhad (0288) | $79.17 Million | 6.50% | 0.32x | $14.46 Million |
| TSA (0297) | $184.54 Million | 9.47% | 0.52x | $71.05 Million |
| Melewar Industrial Group Bhd (3778) | $416.35 Million | 1.24% | 1.07x | $11.73 Million |
| Lion Industries Corporation Bhd (4235) | $1.21 Billion | -7.22% | 1.02x | $18.80 Million |
| AYS Ventures Bhd (5021) | $208.00 Million | 6.25% | 1.23x | $24.69 Million |
| Hiap Teck Venture Bhd (5072) | $1.27 Billion | 12.26% | 0.59x | $111.54 Million |
| Mycron Steel Bhd (5087) | $385.86 Million | -2.74% | 0.64x | $19.71 Million |
| CSC Steel Holdings Bhd (5094) | $778.46 Million | 11.71% | 0.11x | $114.97 Million |
About K Seng Seng Corporation Bhd
EC Excel Holdings Berhad, an investment holding company, engages in the manufacture and processing of secondary stainless steel and other metal related products in Malaysia, the Republic of Singapore, Australia, the Republic of Indonesia, and Brunei. It operates through Stainless Steel and Metal Related Products; Marine Hardware and Consumable; Other Industrial Hardware; and Engineering and Proje… Read more