Senheng New Retail Bhd (5305) - Net Assets
Based on the latest financial reports, Senheng New Retail Bhd (5305) has net assets worth RM551.92 Million MYR (≈ $138.57 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 (RM856.36 Million ≈ $215.00 Million USD) and total liabilities (RM304.44 Million ≈ $76.43 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. Also explore 5305 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM551.92 Million |
| % of Total Assets | 64.45% |
| Annual Growth Rate | 30.56% |
| 5-Year Change | 136.79% |
| 10-Year Change | N/A |
| Growth Volatility | 41.11 |
Senheng New Retail Bhd - Net Assets Trend (2018–2025)
This chart illustrates how Senheng New Retail Bhd's net assets have evolved over time, based on quarterly financial data. Check Senheng New Retail Bhd (5305) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Senheng New Retail Bhd (2018–2025)
The table below shows the annual net assets of Senheng New Retail Bhd from 2018 to 2025. For live valuation and market cap data, see market cap of Senheng New Retail Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM553.28 Million ≈ $138.91 Million |
+0.96% |
| 2024-12-31 | RM548.02 Million ≈ $137.59 Million |
+0.79% |
| 2023-12-31 | RM543.70 Million ≈ $136.50 Million |
+2.75% |
| 2022-12-31 | RM529.12 Million ≈ $132.85 Million |
+126.45% |
| 2021-12-31 | RM233.66 Million ≈ $58.67 Million |
+40.59% |
| 2020-12-31 | RM166.21 Million ≈ $41.73 Million |
+35.28% |
| 2019-12-31 | RM122.86 Million ≈ $30.85 Million |
+43.63% |
| 2018-12-31 | RM85.54 Million ≈ $21.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Senheng New Retail 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 48.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM125.35 Million | 22.66% |
| Common Stock | RM427.87 Million | 77.33% |
| Other Comprehensive Income | RM62.77K | 0.01% |
| Total Equity | RM553.28 Million | 100.00% |
Senheng New Retail Bhd Competitors by Market Cap
The table below lists competitors of Senheng New Retail Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VOC Energy Trust
NYSE:VOC
|
$48.96 Million |
|
Strongpoint ASA
OL:STRO
|
$48.96 Million |
|
Primotec Group Ltd
TA:PRMG
|
$48.96 Million |
|
Marygold Companies Inc
NYSE MKT:MGLD
|
$48.98 Million |
|
Herantis Pharma Oyj
HE:HRTIS
|
$48.96 Million |
|
Electra Battery Materials Corp
NASDAQ:ELBM
|
$48.95 Million |
|
Shinil Electronics Co
KO:002700
|
$48.93 Million |
|
Wikana SA
WAR:WIK
|
$48.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Senheng New Retail Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 548,017,000 to 553,284,684, a change of 5,267,684 (1.0%).
- Net income of 9,447,092 contributed positively to equity growth.
- Dividend payments of 3,300,000 reduced retained earnings.
- Other comprehensive income increased equity by 62,766.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM9.45 Million | +1.71% |
| Dividends Paid | RM3.30 Million | -0.6% |
| Other Comprehensive Income | RM62.77K | +0.01% |
| Other Changes | RM-942.17K | -0.17% |
| Total Change | RM- | 0.96% |
Book Value vs Market Value Analysis
This analysis compares Senheng New Retail 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: 0.35x
- 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 2.28x to 0.35x 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 | RM0.06 | RM0.13 | x |
| 2019-12-31 | RM0.08 | RM0.13 | x |
| 2020-12-31 | RM0.11 | RM0.13 | x |
| 2021-12-31 | RM0.16 | RM0.13 | x |
| 2022-12-31 | RM0.35 | RM0.13 | x |
| 2023-12-31 | RM0.36 | RM0.13 | x |
| 2024-12-31 | RM0.37 | RM0.13 | x |
| 2025-12-31 | RM0.37 | RM0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Senheng New Retail 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): 1.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.82%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 1.53x
- Recent ROE (1.71%) is below the historical average (24.13%), 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 | 71.39% | 5.21% | 2.34x | 5.86x | RM52.51 Million |
| 2019 | 40.34% | 4.33% | 1.95x | 4.78x | RM37.27 Million |
| 2020 | 33.47% | 4.30% | 1.97x | 3.95x | RM39.02 Million |
| 2021 | 27.93% | 4.52% | 2.05x | 3.01x | RM41.89 Million |
| 2022 | 11.44% | 3.87% | 1.84x | 1.61x | RM7.61 Million |
| 2023 | 4.60% | 1.90% | 1.46x | 1.66x | RM-29.35 Million |
| 2024 | 2.18% | 0.98% | 1.44x | 1.54x | RM-42.83 Million |
| 2025 | 1.71% | 0.82% | 1.36x | 1.53x | RM-45.88 Million |
Industry Comparison
This section compares Senheng New Retail Bhd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $181,919,615
- Average return on equity (ROE) among peers: 17.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Senheng New Retail Bhd (5305) | RM551.92 Million | 71.39% | 0.55x | $48.96 Million |
| Kim Hin Joo (0210) | $62.12 Million | 18.61% | 0.24x | $8.59 Million |
| SSF Home Group Berhad (0287) | $97.65 Million | 17.03% | 0.53x | $76.32 Million |
| myNEWS Holdings Bhd (5275) | $302.02 Million | 9.13% | 0.59x | $81.95 Million |
| Innature Bhd (5295) | $144.14 Million | 10.44% | 0.28x | $28.36 Million |
| MST GOLF GROUP BERHAD (5316) | $251.59 Million | 2.35% | 0.58x | $27.82 Million |
| Amway (Malaysia) Holdings Bhd (6351) | $234.00 Million | 46.58% | 0.41x | $189.85 Million |
About Senheng New Retail Bhd
Senheng New Retail Berhad, an investment holding company, operates as a consumer electrical and electronics chain retailer in Malaysia. It operates in two segments, Trading Division and Warranty Division. The company provides digital gadgets, lifestyle electronics, home appliances, and other merchandise, as well as smart solutions through an integrated omnichannel platform. It provides also capti… Read more