SkyWorld Development Berhad (5315) - Net Assets
Based on the latest financial reports, SkyWorld Development Berhad (5315) has net assets worth RM906.38 Million MYR (≈ $227.56 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 (RM2.08 Billion ≈ $522.10 Million USD) and total liabilities (RM1.17 Billion ≈ $294.54 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 tangible net worth ratio of SkyWorld Development Berhad to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM906.38 Million |
| % of Total Assets | 43.59% |
| Annual Growth Rate | 20.4% |
| 5-Year Change | 94.9% |
| 10-Year Change | N/A |
| Growth Volatility | 13.19 |
SkyWorld Development Berhad - Net Assets Trend (2019–2025)
This chart illustrates how SkyWorld Development Berhad's net assets have evolved over time, based on quarterly financial data. See SkyWorld Development Berhad (5315) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SkyWorld Development Berhad (2019–2025)
The table below shows the annual net assets of SkyWorld Development Berhad from 2019 to 2025. For live valuation and market cap data, see SkyWorld Development Berhad (5315) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM906.38 Million ≈ $227.56 Million |
+3.00% |
| 2024-12-31 | RM880.00 Million ≈ $220.94 Million |
+4.41% |
| 2023-12-31 | RM842.83 Million ≈ $211.61 Million |
+36.90% |
| 2022-12-31 | RM615.66 Million ≈ $154.57 Million |
+32.38% |
| 2021-12-31 | RM465.06 Million ≈ $116.76 Million |
+28.91% |
| 2020-12-31 | RM360.77 Million ≈ $90.58 Million |
+21.28% |
| 2019-12-31 | RM297.47 Million ≈ $74.68 Million |
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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 114.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM510.18 Million | 56.83% |
| Other Components | RM387.62 Million | 43.17% |
| Total Equity | RM897.79 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 |
|---|---|
|
Unique Optical Industrial Co Ltd
TWO:3441
|
$105.46 Million |
|
GBM Resources Ltd
AU:GBZ
|
$105.50 Million |
|
It's Skin Co Ltd
KO:226320
|
$105.54 Million |
|
Galantas Gold Corp
V:GAL
|
$105.54 Million |
|
Chung Lien Transportation Co Ltd
TWO:5604
|
$105.39 Million |
|
MIC Electronics Limited
NSE:MICEL
|
$105.35 Million |
|
CJ CheilJedang Corp
KO:097955
|
$105.34 Million |
|
AleAnna, Inc. Class A Common Stock
NASDAQ:ANNA
|
$105.31 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 2024 to 2025, total equity changed from 880,016,176 to 897,795,000, a change of 17,778,824 (2.0%).
- Net income of 29,998,000 contributed positively to equity growth.
- Dividend payments of 8,200,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM30.00 Million | +3.34% |
| Dividends Paid | RM8.20 Million | -0.91% |
| Other Changes | RM-4.02 Million | -0.45% |
| Total Change | RM- | 2.02% |
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: 0.46x
- 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 1.36x 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 |
|---|---|---|---|
| 2019-12-31 | RM0.30 | RM0.41 | x |
| 2020-12-31 | RM0.36 | RM0.41 | x |
| 2021-12-31 | RM0.47 | RM0.41 | x |
| 2022-12-31 | RM0.61 | RM0.41 | x |
| 2023-12-31 | RM0.85 | RM0.41 | x |
| 2024-12-31 | RM0.88 | RM0.41 | x |
| 2025-12-31 | RM0.90 | RM0.41 | 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): 3.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.97%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.32x
- Recent ROE (3.34%) is below the historical average (15.39%), suggesting potential challenges in 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 |
| 2022 | 23.61% | 17.11% | 0.64x | 2.16x | RM83.02 Million |
| 2023 | 12.62% | 15.52% | 0.44x | 1.84x | RM22.17 Million |
| 2024 | 6.38% | 12.61% | 0.29x | 1.74x | RM-31.85 Million |
| 2025 | 3.34% | 6.97% | 0.21x | 2.32x | RM-59.78 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: $595,261,190
- Average return on equity (ROE) among peers: 7.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SkyWorld Development Berhad (5315) | RM906.38 Million | 22.50% | 1.29x | $105.41 Million |
| Vinvest Capital Holdings Bhd (0069) | $605.85 Million | 0.21% | 0.32x | $7.30 Million |
| Gagasan Nadi Cergas Berhad (0206) | $445.81 Million | 2.65% | 1.07x | $66.17 Million |
| Vestland Berhad (0273) | $71.56 Million | 35.09% | 2.17x | $142.25 Million |
| Global Oriental Bhd (1147) | $253.00 Million | 11.86% | 2.00x | $11.42 Million |
| Pan Malaysia Holdings Bhd (1287) | $29.94 Million | -0.21% | 0.72x | $221.55 Million |
| GuocoLand (Malaysia) Bhd (1503) | $1.04 Billion | 14.70% | 1.08x | $183.34 Million |
| Symphony Life Bhd (1538) | $950.00 Million | 0.90% | 0.20x | $32.30 Million |
| Iskandar Waterfront City Bhd (1589) | $777.03 Million | -3.59% | 1.00x | $49.72 Million |
| Paramount Corporation Bhd (1724) | $1.13 Billion | 7.82% | 0.78x | $156.36 Million |
| Selangor Dredging Bhd (2224) | $644.00 Million | 7.45% | 1.01x | $47.61 Million |
About 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