Southern Steel Bhd (5665) - Net Assets

Latest as of December 2025: RM902.60 Million MYR ≈ $226.61 Million USD

Based on the latest financial reports, Southern Steel Bhd (5665) has net assets worth RM902.60 Million MYR (≈ $226.61 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.34 Billion ≈ $337.01 Million USD) and total liabilities (RM439.71 Million ≈ $110.40 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 how resilient are Southern Steel Bhd's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM902.60 Million
% of Total Assets	67.24%
Annual Growth Rate	0.66%
5-Year Change	27.12%
10-Year Change	35.62%
Growth Volatility	21.87

Southern Steel Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Southern Steel Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Southern Steel Bhd total assets for the complete picture of this company's asset base.

Annual Net Assets for Southern Steel Bhd (2012–2025)

The table below shows the annual net assets of Southern Steel Bhd from 2012 to 2025. For live valuation and market cap data, see Southern Steel Bhd stock valuation.

Year	Net Assets	Change
2025-06-30	RM921.96 Million ≈ $231.47 Million	+62.22%
2024-06-30	RM568.34 Million ≈ $142.69 Million	-9.09%
2023-06-30	RM625.20 Million ≈ $156.97 Million	-0.78%
2022-06-30	RM630.14 Million ≈ $158.21 Million	-13.12%
2021-06-30	RM725.28 Million ≈ $182.09 Million	+7.95%
2020-06-30	RM671.89 Million ≈ $168.69 Million	-21.36%
2019-06-30	RM854.34 Million ≈ $214.50 Million	-11.61%
2018-06-30	RM966.51 Million ≈ $242.66 Million	+26.32%
2017-06-30	RM765.11 Million ≈ $192.09 Million	+12.55%
2016-06-30	RM679.82 Million ≈ $170.68 Million	-25.54%
2015-06-30	RM913.00 Million ≈ $229.22 Million	+4.82%
2014-06-30	RM871.00 Million ≈ $218.68 Million	+0.58%
2013-06-30	RM866.00 Million ≈ $217.42 Million	+2.36%
2012-06-30	RM846.00 Million ≈ $212.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Southern Steel 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 decreased by 305.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Other Components	RM1.45 Billion	158.43%
Total Equity	RM915.84 Million	100.00%

Southern Steel Bhd Competitors by Market Cap

The table below lists competitors of Southern Steel Bhd ranked by their market capitalization.

Company	Market Cap
Uniplus Electronics Co Ltd TWO:5381	$148.88 Million
AGV Products Corp TW:1217	$148.94 Million
Torque Metals Ltd AU:TOR	$148.98 Million
Lollands Bank CO:LOLB	$149.03 Million
Almogim Holdings Ltd TA:ALMA	$148.83 Million
Genohco Inc. KQ:361390	$148.81 Million
TGE Value Creative Solutions Corp NYSE:BEBE	$148.80 Million
Silver X Mining Corp V:AGX	$148.73 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Southern Steel Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 568,341,000 to 915,838,000, a change of 347,497,000 (61.1%).
Net loss of 60,431,000 reduced equity.
Share repurchases of 378,545,000 reduced equity.
Other factors increased equity by 786,473,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-60.43 Million	-6.6%
Share Repurchases	RM378.55 Million	-41.33%
Other Changes	RM786.47 Million	+85.87%
Total Change	RM-	61.14%

Book Value vs Market Value Analysis

This analysis compares Southern Steel 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: 0.65x
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 increased from 0.24x to 0.65x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-06-30	RM1.62	RM0.40	x
2017-06-30	RM1.78	RM0.40	x
2018-06-30	RM2.23	RM0.40	x
2019-06-30	RM1.97	RM0.40	x
2020-06-30	RM1.13	RM0.40	x
2021-06-30	RM1.22	RM0.40	x
2022-06-30	RM1.06	RM0.40	x
2023-06-30	RM1.05	RM0.40	x
2024-06-30	RM0.95	RM0.40	x
2025-06-30	RM0.61	RM0.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Southern Steel 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): -6.60%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.26%
• Asset Turnover: 1.91x
• Equity Multiplier: 1.53x
Recent ROE (-6.60%) is above the historical average (-12.95%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	-13.03%	-4.66%	0.98x	2.85x	RM-208.59 Million
2016	-32.53%	-9.21%	1.13x	3.11x	RM-289.13 Million
2017	12.19%	3.54%	1.15x	2.99x	RM16.78 Million
2018	21.82%	5.70%	1.49x	2.58x	RM114.20 Million
2019	-13.93%	-3.80%	1.41x	2.61x	RM-204.48 Million
2020	-69.51%	-24.42%	0.80x	3.57x	RM-534.24 Million
2021	6.61%	2.75%	0.74x	3.25x	RM-24.60 Million
2022	-15.06%	-4.11%	1.16x	3.16x	RM-157.91 Million
2023	-22.62%	-5.93%	1.24x	3.08x	RM-203.96 Million
2024	-9.83%	-2.49%	1.22x	3.25x	RM-112.68 Million
2025	-6.60%	-2.26%	1.91x	1.53x	RM-152.01 Million

Industry Comparison

This section compares Southern Steel Bhd's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $505,715,583
Average return on equity (ROE) among peers: 12.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Southern Steel Bhd (5665)	RM902.60 Million	-13.03%	0.49x	$148.87 Million
Tashin Holdings Bhd (0211)	$269.54 Million	-0.41%	0.42x	$17.96 Million
LEFORM (0266)	$169.81 Million	26.25%	1.30x	$63.21 Million
Minox International Group Berhad (0288)	$49.43 Million	20.85%	0.61x	$16.27 Million
TSA (0297)	$124.79 Million	31.23%	1.09x	$65.62 Million
Melewar Industrial Group Bhd (3778)	$247.91 Million	-0.27%	2.14x	$12.18 Million
Lion Industries Corporation Bhd (4235)	$1.81 Billion	27.29%	0.94x	$23.08 Million
AYS Ventures Bhd (5021)	$459.12 Million	4.10%	1.43x	$23.64 Million
Hiap Teck Venture Bhd (5072)	$716.75 Million	3.83%	0.87x	$126.85 Million
Mycron Steel Bhd (5087)	$306.00 Million	3.92%	0.92x	$19.71 Million
CSC Steel Holdings Bhd (5094)	$900.25 Million	3.79%	0.08x	$135.37 Million

About Southern Steel Bhd

KLSE:5665 Malaysia Steel

Market Cap

$148.87 Million

RM592.94 Million MYR

Market Cap Rank

#17795 Global

#260 in Malaysia

Share Price

RM0.40

Change (1 day)

-1.25%

52-Week Range

RM0.35 - RM0.45

All Time High

RM2.42