Solid Automotive Bhd
Solid Automotive Berhad, an investment holding company, engages in the trading and distribution of automotive spare parts and components in Malaysia, the Middle East, Africa, and internationally. The company operates through three segments: Automotive Service, Electrical, Spare and Related Parts; Automotive Engine and Mechanical Parts; and Others. It trades in and distributes automotive engines, … Read more
Solid Automotive Bhd (5242) - Net Assets
Latest net assets as of October 2025: RM240.64 Million MYR
Based on the latest financial reports, Solid Automotive Bhd (5242) has net assets worth RM240.64 Million MYR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM331.08 Million) and total liabilities (RM90.44 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 | RM240.64 Million |
| % of Total Assets | 72.68% |
| Annual Growth Rate | 11.24% |
| 5-Year Change | 30.35% |
| 10-Year Change | 76.75% |
| Growth Volatility | 14.14 |
Solid Automotive Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Solid Automotive 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 Solid Automotive Bhd (2013–2025)
The table below shows the annual net assets of Solid Automotive Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | RM237.03 Million | +1.22% |
| 2024-04-30 | RM234.18 Million | +19.46% |
| 2023-04-30 | RM196.03 Million | +4.74% |
| 2022-04-30 | RM187.16 Million | +2.92% |
| 2021-04-30 | RM181.85 Million | +29.53% |
| 2020-04-30 | RM140.39 Million | -0.83% |
| 2019-04-30 | RM141.56 Million | +0.97% |
| 2018-04-30 | RM140.20 Million | +1.24% |
| 2017-04-30 | RM138.48 Million | +3.26% |
| 2016-04-30 | RM134.11 Million | +36.84% |
| 2015-04-30 | RM98.00 Million | +7.69% |
| 2014-04-30 | RM91.00 Million | +37.88% |
| 2013-04-30 | RM66.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solid Automotive 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 60.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM101.27 Million | 42.72% |
| Common Stock | RM135.76 Million | 57.28% |
| Total Equity | RM237.03 Million | 100.00% |
Solid Automotive Bhd Competitors by Market Cap
The table below lists competitors of Solid Automotive Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Da Lue International Holding Co Ltd
TWO:4804
|
$5.00 Million |
|
Emdeki Utama Tbk PT
JK:MDKI
|
$5.00 Million |
|
Scan Inter PCL
BK:SCN
|
$5.01 Million |
|
Jaycorp Bhd
KLSE:7152
|
$5.01 Million |
|
Sentinel Metals Ltd
AU:SNM
|
$5.00 Million |
|
Avalon Holdings Corporation
NYSE MKT:AWX
|
$5.00 Million |
|
Mukdahan International Hospital Public Company Limited
BK:HANN
|
$5.00 Million |
|
Stor-Age Property REIT Ltd
JSE:SSS
|
$5.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solid Automotive Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 234,182,610 to 237,029,970, a change of 2,847,360 (1.2%).
- Net income of 6,678,190 contributed positively to equity growth.
- Dividend payments of 3,116,230 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.68 Million | +2.82% |
| Dividends Paid | RM3.12 Million | -1.31% |
| Other Changes | RM-714.60K | -0.3% |
| Total Change | RM- | 1.22% |
Book Value vs Market Value Analysis
This analysis compares Solid Automotive 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: 0.27x
- 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 |
|---|---|---|---|
| 2017-04-30 | RM0.36 | RM0.13 | x |
| 2018-04-30 | RM0.36 | RM0.13 | x |
| 2019-04-30 | RM0.36 | RM0.13 | x |
| 2020-04-30 | RM0.35 | RM0.13 | x |
| 2021-04-30 | RM0.35 | RM0.13 | x |
| 2022-04-30 | RM0.36 | RM0.13 | x |
| 2023-04-30 | RM0.38 | RM0.13 | x |
| 2024-04-30 | RM0.45 | RM0.13 | x |
| 2025-04-30 | RM0.46 | RM0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solid Automotive 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): 2.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.89%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.34x
- Recent ROE (2.82%) is below the historical average (4.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 10.28% | 7.52% | 0.97x | 1.41x | RM274.15K |
| 2016 | 4.26% | 4.72% | 0.77x | 1.17x | RM-7.70 Million |
| 2017 | 3.69% | 4.08% | 0.78x | 1.16x | RM-8.74 Million |
| 2018 | 1.90% | 2.06% | 0.77x | 1.19x | RM-11.36 Million |
| 2019 | 1.00% | 0.85% | 0.71x | 1.66x | RM-12.74 Million |
| 2020 | -5.03% | -2.93% | 1.02x | 1.68x | RM-21.10 Million |
| 2021 | 8.51% | 5.09% | 1.21x | 1.38x | RM-2.70 Million |
| 2022 | 3.56% | 2.23% | 1.04x | 1.54x | RM-12.06 Million |
| 2023 | 4.94% | 2.79% | 1.18x | 1.50x | RM-9.91 Million |
| 2024 | 16.03% | 11.35% | 1.04x | 1.36x | RM14.12 Million |
| 2025 | 2.82% | 1.89% | 1.11x | 1.34x | RM-17.02 Million |
Industry Comparison
This section compares Solid Automotive Bhd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $246,815,237
- Average return on equity (ROE) among peers: 14.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solid Automotive Bhd (5242) | RM240.64 Million | 10.28% | 0.38x | $5.00 Million |
| Eversafe Rubber Bhd (0190) | $65.06 Million | 4.25% | 0.76x | $1.20 Million |
| Betamek Bhd (0263) | $86.96 Million | 14.04% | 0.45x | $11.01 Million |
| KHPT Holdings Berhad (0322) | $28.09 Million | 31.32% | 1.02x | $2.10 Million |
| MSB Global Group Berhad (0350) | $38.18 Million | 49.46% | 0.54x | $3.62 Million |
| APM Automotive Holdings Bhd (5015) | $1.23 Billion | 3.18% | 0.34x | $36.74 Million |
| ABM Fujiya Bhd (5198) | $159.98 Million | 1.16% | 0.62x | $814.00K |
| Globaltec Formation Bhd (5220) | $370.00 Million | -10.00% | 0.35x | $23.80 Million |
| Pecca Group Bhd (5271) | $156.93 Million | 9.26% | 0.16x | $66.22 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $13.02 Million |