Swift Haulage Bhd (5303) - Net Assets
Based on the latest financial reports, Swift Haulage Bhd (5303) has net assets worth RM755.46 Million MYR (≈ $189.67 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.75 Billion ≈ $440.40 Million USD) and total liabilities (RM998.63 Million ≈ $250.72 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 5303 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM755.46 Million |
| % of Total Assets | 43.07% |
| Annual Growth Rate | 12.29% |
| 5-Year Change | 18.52% |
| 10-Year Change | N/A |
| Growth Volatility | 14.8 |
Swift Haulage Bhd - Net Assets Trend (2018–2025)
This chart illustrates how Swift Haulage Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Swift Haulage Bhd.
Annual Net Assets for Swift Haulage Bhd (2018–2025)
The table below shows the annual net assets of Swift Haulage Bhd from 2018 to 2025. Also explore Swift Haulage Bhd (5303) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM752.91 Million ≈ $189.03 Million |
+2.43% |
| 2024-12-31 | RM735.02 Million ≈ $184.54 Million |
+4.38% |
| 2023-12-31 | RM704.17 Million ≈ $176.79 Million |
+7.28% |
| 2022-12-31 | RM656.36 Million ≈ $164.79 Million |
+3.32% |
| 2021-12-31 | RM635.27 Million ≈ $159.50 Million |
+47.72% |
| 2020-12-31 | RM430.05 Million ≈ $107.97 Million |
+10.71% |
| 2019-12-31 | RM388.45 Million ≈ $97.53 Million |
+16.12% |
| 2018-12-31 | RM334.54 Million ≈ $83.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Swift Haulage 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 186.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM358.78 Million | 48.68% |
| Common Stock | RM386.59 Million | 52.45% |
| Other Comprehensive Income | RM2.71 Million | 0.37% |
| Total Equity | RM737.02 Million | 100.00% |
Swift Haulage Bhd Competitors by Market Cap
The table below lists competitors of Swift Haulage Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pearl Holdings Acquisition Corp
NASDAQ:PRLH
|
$81.14 Million |
|
Taiwan IC Packaging
TWO:3372
|
$81.20 Million |
|
Blue Cap AG
XETRA:B7E
|
$81.20 Million |
|
Yao Sheng Electronic Co Ltd
TWO:3207
|
$81.22 Million |
|
CPN Commercial Growth Leasehold Property Fund
BK:CPNCG
|
$81.12 Million |
|
CORA GOLD LTD O.N.
F:C0J
|
$81.10 Million |
|
SinterCast AB
ST:SINT
|
$81.09 Million |
|
Sejal Glass Limited
NSE:SEJALLTD
|
$81.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Swift Haulage Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 727,653,000 to 737,024,000, a change of 9,371,000 (1.3%).
- Net income of 26,350,000 contributed positively to equity growth.
- Dividend payments of 13,973,000 reduced retained earnings.
- Share repurchases of 4,086,000 reduced equity.
- Other comprehensive income increased equity by 428,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM26.35 Million | +3.58% |
| Dividends Paid | RM13.97 Million | -1.9% |
| Share Repurchases | RM4.09 Million | -0.55% |
| Other Comprehensive Income | RM428.00K | +0.06% |
| Other Changes | RM652.00K | +0.09% |
| Total Change | RM- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Swift Haulage 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: 0.46x
- 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 1.02x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | RM0.38 | RM0.39 | x |
| 2019-12-31 | RM0.44 | RM0.39 | x |
| 2020-12-31 | RM0.48 | RM0.39 | x |
| 2021-12-31 | RM0.71 | RM0.39 | x |
| 2022-12-31 | RM0.74 | RM0.39 | x |
| 2023-12-31 | RM0.80 | RM0.39 | x |
| 2024-12-31 | RM0.83 | RM0.39 | x |
| 2025-12-31 | RM0.84 | RM0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Swift Haulage 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): 3.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.40%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.40x
- Recent ROE (3.58%) is below the historical average (7.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 12.22% | 8.23% | 0.43x | 3.42x | RM7.42 Million |
| 2019 | 9.34% | 5.95% | 0.52x | 3.04x | RM-2.58 Million |
| 2020 | 9.67% | 7.49% | 0.46x | 2.82x | RM-1.42 Million |
| 2021 | 7.42% | 8.01% | 0.40x | 2.30x | RM-16.37 Million |
| 2022 | 7.40% | 7.53% | 0.41x | 2.37x | RM-17.03 Million |
| 2023 | 8.80% | 9.19% | 0.39x | 2.45x | RM-8.43 Million |
| 2024 | 5.47% | 5.53% | 0.42x | 2.36x | RM-32.94 Million |
| 2025 | 3.58% | 3.40% | 0.44x | 2.40x | RM-47.35 Million |
Industry Comparison
This section compares Swift Haulage Bhd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $314,850,511
- Average return on equity (ROE) among peers: 11.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swift Haulage Bhd (5303) | RM755.46 Million | 12.22% | 1.32x | $81.13 Million |
| Ancom Logistics Bhd (0048) | $23.45 Million | -1.47% | 1.07x | $8.32 Million |
| GD Express Carrier Bhd (0078) | $449.68 Million | 5.25% | 0.15x | $185.85 Million |
| Straits Inter Logistics Bhd (0080) | $36.28 Million | 6.96% | 0.21x | $6.87 Million |
| Tri-Mode System M Bhd (0199) | $28.76 Million | 16.23% | 1.59x | $6.88 Million |
| KGW Group Berhad (0282) | $47.57 Million | 5.65% | 0.39x | $11.52 Million |
| AGX Group Berhad (0299) | $5.29 Million | 10.57% | 12.50x | $46.73 Million |
| Sin-Kung Logistics Berhad (0305) | $27.71 Million | 33.86% | 2.09x | $25.61 Million |
| Harbour Link Group Bhd (2062) | $743.10 Million | 19.89% | 0.46x | $128.09 Million |
| POS Malaysia&Services Holdings Bhd (4634) | $1.57 Billion | 9.24% | 0.28x | $48.15 Million |
| Tasco Bhd (5140) | $214.14 Million | 11.57% | 0.38x | $75.32 Million |
About Swift Haulage Bhd
Swift Haulage Berhad, an investment holding company, provides integrated logistics services in Malaysia, Singapore, Thailand, and internationally. It operates through the Container Haulage, Land Transportation, Warehousing and Container Depot, and Freight Forwarding segments. The company offers container haulage services, including the transportation of laden containers to and from seaports and o… Read more