SkyWorld Development Berhad
SkyWorld Development Berhad, an investment holding company, engages in the property development business in Malaysia. It focuses on the development of high-rise residential, commercial, and affordable properties, as well as leasing of build to rent developments. The company provides property management and investment, and construction services. In addition, it operates SkyWorld Connects App; Solu… Read more
SkyWorld Development Berhad (5315) - Net Assets
Latest net assets as of September 2023: RM810.29 Million MYR
Based on the latest financial reports, SkyWorld Development Berhad (5315) has net assets worth RM810.29 Million MYR as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.55 Billion) and total liabilities (RM742.11 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 | RM810.29 Million |
| % of Total Assets | 52.2% |
| Annual Growth Rate | 25.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.81 |
SkyWorld Development Berhad - Net Assets Trend (2019–2021)
This chart illustrates how SkyWorld Development Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SkyWorld Development Berhad (2019–2021)
The table below shows the annual net assets of SkyWorld Development Berhad from 2019 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | RM465.06 Million | +28.91% |
| 2020-12-31 | RM360.77 Million | +21.28% |
| 2019-12-31 | RM297.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SkyWorld Development Berhad'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 69.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM403.38 Million | 86.58% |
| Other Components | RM62.50 Million | 13.42% |
| Total Equity | RM465.88 Million | 100.00% |
SkyWorld Development Berhad Competitors by Market Cap
The table below lists competitors of SkyWorld Development Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dinamik Isi Makina Yalitim Malzemeleri Sanayi ve Ticaret AS
IS:DNISI
|
$29.58 Million |
|
ESS Tech Inc
NYSE:GWH
|
$29.58 Million |
|
Latch Inc
NASDAQ:LTCH
|
$29.59 Million |
|
Ledtech Electronics Corp
TW:6164
|
$29.59 Million |
|
Apex Equity Holdings Bhd
KLSE:5088
|
$29.57 Million |
|
Palma Serasih PT
JK:PSGO
|
$29.57 Million |
|
SILVER CROWN ROYALTIES INC.
NEO:SCRI
|
$29.57 Million |
|
Hwang-Kum Stee
KO:032560
|
$29.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SkyWorld Development Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 360,007,884 to 465,882,172, a change of 105,874,288 (29.4%).
- Net income of 106,034,882 contributed positively to equity growth.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM106.03 Million | +22.76% |
| Other Changes | RM-160.59K | -0.03% |
| Total Change | RM- | 29.41% |
Book Value vs Market Value Analysis
This analysis compares SkyWorld Development Berhad'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: 0.93x
- 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 1.45x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | RM0.30 | RM0.44 | x |
| 2020-12-31 | RM0.36 | RM0.44 | x |
| 2021-12-31 | RM0.47 | RM0.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SkyWorld Development Berhad 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): 22.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.41%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.93x
- Recent ROE (22.76%) is above the historical average (20.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 22.50% | 12.90% | 0.51x | 3.42x | RM37.55 Million |
| 2020 | 16.54% | 12.18% | 0.41x | 3.31x | RM23.54 Million |
| 2021 | 22.76% | 13.41% | 0.58x | 2.93x | RM59.45 Million |
Industry Comparison
This section compares SkyWorld Development Berhad'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 |
|---|---|---|---|---|
| SkyWorld Development Berhad (5315) | RM810.29 Million | 22.50% | 0.92x | $29.58 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 |