SBC Corp Bhd
SBC Corporation Berhad, an investment holding company, engages in construction and property development businesses primarily in Malaysia. It operates through three segments: Construction, Property Development, and Investment. The Construction segment undertakes earthworks and building contracts. The Property Development segment develops commercial and residential properties. The Investment segmen… Read more
SBC Corp Bhd (5207) - Net Assets
Latest net assets as of September 2025: RM431.12 Million MYR
Based on the latest financial reports, SBC Corp Bhd (5207) has net assets worth RM431.12 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 (RM577.34 Million) and total liabilities (RM146.22 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 | RM431.12 Million |
| % of Total Assets | 74.67% |
| Annual Growth Rate | 3.36% |
| 5-Year Change | 6.11% |
| 10-Year Change | 11.32% |
| Growth Volatility | 7.5 |
SBC Corp Bhd - Net Assets Trend (2013–2025)
This chart illustrates how SBC Corp 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 SBC Corp Bhd (2013–2025)
The table below shows the annual net assets of SBC Corp Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM431.28 Million | +5.51% |
| 2024-03-31 | RM408.74 Million | -2.69% |
| 2023-03-31 | RM420.03 Million | -0.08% |
| 2022-03-31 | RM420.38 Million | +3.43% |
| 2021-03-31 | RM406.44 Million | -2.14% |
| 2020-03-31 | RM415.32 Million | +1.75% |
| 2019-03-31 | RM408.17 Million | +5.91% |
| 2018-03-31 | RM385.40 Million | +0.55% |
| 2017-03-31 | RM383.29 Million | -1.06% |
| 2016-03-31 | RM387.41 Million | +2.49% |
| 2015-03-31 | RM378.00 Million | +2.72% |
| 2014-03-31 | RM368.00 Million | +26.90% |
| 2013-03-31 | RM290.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SBC Corp 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 22.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM179.53 Million | 41.63% |
| Common Stock | RM251.80 Million | 58.38% |
| Total Equity | RM431.28 Million | 100.00% |
SBC Corp Bhd Competitors by Market Cap
The table below lists competitors of SBC Corp Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BLACKHORSE FPO [BHL]
AU:BHL
|
$4.05 Million |
|
Yerbaé Brands Corp.
PINK:YERBF
|
$4.05 Million |
|
5E ADVANCED MATERIALS CDI
F:J9I0
|
$4.05 Million |
|
East Side Games Group Inc
TO:EAGR
|
$4.05 Million |
|
Adagio Medical Holdings, Inc Common Stock
NASDAQ:ADGM
|
$4.05 Million |
|
Lovable Lingerie Limited
NSE:LOVABLE
|
$4.04 Million |
|
Przedsiebiorstwo Produkcyjno Handlowe Kompap SA
WAR:KMP
|
$4.04 Million |
|
Satyamitra Kemas Lestari Tbk PT
JK:SMKL
|
$4.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SBC Corp Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 414,031,000 to 431,278,000, a change of 17,247,000 (4.2%).
- Net income of 17,247,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM17.25 Million | +4.0% |
| Total Change | RM- | 4.17% |
Book Value vs Market Value Analysis
This analysis compares SBC Corp 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: 0.14x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM1.63 | RM0.24 | x |
| 2018-03-31 | RM1.64 | RM0.24 | x |
| 2019-03-31 | RM1.58 | RM0.24 | x |
| 2020-03-31 | RM1.61 | RM0.24 | x |
| 2021-03-31 | RM1.57 | RM0.24 | x |
| 2022-03-31 | RM1.63 | RM0.24 | x |
| 2023-03-31 | RM1.63 | RM0.24 | x |
| 2024-03-31 | RM1.60 | RM0.24 | x |
| 2025-03-31 | RM1.67 | RM0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SBC Corp 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): 4.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.18%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.36x
- Recent ROE (4.00%) is above the historical average (1.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.46% | 9.61% | 0.24x | 1.48x | RM-25.34 Million |
| 2017 | -0.79% | -4.71% | 0.10x | 1.65x | RM-41.37 Million |
| 2018 | 0.55% | 4.06% | 0.08x | 1.66x | RM-36.43 Million |
| 2019 | 3.05% | 8.54% | 0.22x | 1.65x | RM-28.36 Million |
| 2020 | 2.34% | 5.72% | 0.25x | 1.62x | RM-31.80 Million |
| 2021 | 0.79% | 4.90% | 0.10x | 1.63x | RM-37.43 Million |
| 2022 | 3.31% | 12.00% | 0.19x | 1.42x | RM-28.10 Million |
| 2023 | -0.08% | -0.56% | 0.11x | 1.41x | RM-42.35 Million |
| 2024 | 0.07% | 0.56% | 0.09x | 1.40x | RM-41.11 Million |
| 2025 | 4.00% | 26.18% | 0.11x | 1.36x | RM-25.88 Million |
Industry Comparison
This section compares SBC Corp Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SBC Corp Bhd (5207) | RM431.12 Million | 3.46% | 0.34x | $4.05 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |