SBC Corp Bhd (5207) - Net Assets
Based on the latest financial reports, SBC Corp Bhd (5207) has net assets worth RM420.66 Million MYR (≈ $105.61 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 (RM587.33 Million ≈ $147.46 Million USD) and total liabilities (RM166.66 Million ≈ $41.84 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 SBC Corp Bhd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM420.66 Million |
| % of Total Assets | 71.62% |
| Annual Growth Rate | 2.94% |
| 5-Year Change | 0.54% |
| 10-Year Change | 10.27% |
| Growth Volatility | 7.36 |
SBC Corp Bhd - Net Assets Trend (2013–2026)
This chart illustrates how SBC Corp Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SBC Corp Bhd (5207) market capitalisation.
Annual Net Assets for SBC Corp Bhd (2013–2026)
The table below shows the annual net assets of SBC Corp Bhd from 2013 to 2026. Also explore SBC Corp Bhd (5207) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | RM422.64 Million ≈ $106.11 Million |
-2.00% |
| 2025-03-31 | RM431.28 Million ≈ $108.28 Million |
+5.51% |
| 2024-03-31 | RM408.74 Million ≈ $102.62 Million |
-2.69% |
| 2023-03-31 | RM420.03 Million ≈ $105.46 Million |
-0.08% |
| 2022-03-31 | RM420.38 Million ≈ $105.54 Million |
+3.43% |
| 2021-03-31 | RM406.44 Million ≈ $102.04 Million |
-2.14% |
| 2020-03-31 | RM415.32 Million ≈ $104.27 Million |
+1.75% |
| 2019-03-31 | RM408.17 Million ≈ $102.48 Million |
+5.91% |
| 2018-03-31 | RM385.40 Million ≈ $96.76 Million |
+0.55% |
| 2017-03-31 | RM383.29 Million ≈ $96.23 Million |
-1.06% |
| 2016-03-31 | RM387.41 Million ≈ $97.27 Million |
+2.49% |
| 2015-03-31 | RM378.00 Million ≈ $94.90 Million |
+2.72% |
| 2014-03-31 | RM368.00 Million ≈ $92.39 Million |
+26.90% |
| 2013-03-31 | RM290.00 Million ≈ $72.81 Million |
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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 21.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM177.05 Million | 41.35% |
| Other Components | RM251.15 Million | 58.65% |
| Total Equity | RM428.20 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 |
|---|---|
|
Betonjaya Manunggal Tbk
JK:BTON
|
$15.44 Million |
|
DF Deutsche Forfait AG
XETRA:DFTK
|
$15.45 Million |
|
Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS
IS:IHEVA
|
$15.47 Million |
|
JPMorgan Japanese Investment Trust
LSE:JFJ
|
$15.47 Million |
|
Peruvian Metals Corp
V:PER
|
$15.44 Million |
|
DCM Limited
NSE:DCM
|
$15.44 Million |
|
Immo Moury SICAF Immobiliere Publique de Droit Belge
BR:IMMOU
|
$15.43 Million |
|
Elbit Imaging Ltd
TA:EMITF
|
$15.43 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 2025 to 2026, total equity changed from 431,278,000 to 428,196,000, a change of -3,082,000 (-0.7%).
- Net loss of 2,481,000 reduced equity.
- Share repurchases of 601,000 reduced equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-2.48 Million | -0.58% |
| Share Repurchases | RM601.00K | -0.14% |
| Total Change | RM- | -0.71% |
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 |
| 2026-03-31 | 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): -0.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.47%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.36x
- Recent ROE (-0.58%) is below the historical average (1.47%), 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 | 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 |
| 2026 | -0.58% | -16.47% | 0.03x | 1.36x | RM-45.30 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: $573,686,717
- Average return on equity (ROE) among peers: 6.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SBC Corp Bhd (5207) | RM420.66 Million | 3.46% | 0.40x | $15.44 Million |
| Vinvest Capital Holdings Bhd (0069) | $452.10 Million | 0.97% | 0.16x | $3.65 Million |
| Gagasan Nadi Cergas Berhad (0206) | $378.75 Million | 8.60% | 1.40x | $58.61 Million |
| Vestland Berhad (0273) | $71.56 Million | 35.09% | 2.17x | $218.12 Million |
| Global Oriental Bhd (1147) | $258.93 Million | 0.64% | 1.99x | $10.27 Million |
| Pan Malaysia Holdings Bhd (1287) | $29.94 Million | -0.21% | 0.72x | $294.43 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $3.35 Million |
| Symphony Life Bhd (1538) | $609.57 Million | 5.22% | 0.96x | $29.75 Million |
| Iskandar Waterfront City Bhd (1589) | $770.75 Million | -1.19% | 1.36x | $49.72 Million |
| Paramount Corporation Bhd (1724) | $1.63 Billion | 5.83% | 0.83x | $157.92 Million |
| Selangor Dredging Bhd (2224) | $644.00 Million | 7.45% | 1.01x | $51.89 Million |
About SBC Corp Bhd
SBC Corporation Berhad, an investment holding company, engages in property development and construction in Malaysia. It operates through three segments: Construction, Property Development, and Investment. The company undertakes earthworks and building contracts; and develops commercial and residential properties. It is also involved in the investment activities; and provision of management and ad… Read more