Malaysia Smelting Corporation Bhd (5916) - Net Assets
Based on the latest financial reports, Malaysia Smelting Corporation Bhd (5916) has net assets worth RM801.93 Million MYR (≈ $201.34 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 (RM1.51 Billion ≈ $379.37 Million USD) and total liabilities (RM709.11 Million ≈ $178.03 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. See 5916 net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM801.93 Million |
| % of Total Assets | 53.07% |
| Annual Growth Rate | 11.36% |
| 5-Year Change | 38.11% |
| 10-Year Change | 187.34% |
| Growth Volatility | 15.65 |
Malaysia Smelting Corporation Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Malaysia Smelting Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 5916 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Malaysia Smelting Corporation Bhd (2012–2025)
The table below shows the annual net assets of Malaysia Smelting Corporation Bhd from 2012 to 2025. For live market cap and overall valuation, see how much is Malaysia Smelting Corporation Bhd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM801.93 Million ≈ $201.34 Million |
+3.40% |
| 2024-12-31 | RM775.54 Million ≈ $194.71 Million |
-5.01% |
| 2023-12-31 | RM816.46 Million ≈ $204.99 Million |
+5.01% |
| 2022-12-31 | RM777.50 Million ≈ $195.20 Million |
+33.90% |
| 2021-12-31 | RM580.64 Million ≈ $145.78 Million |
+47.56% |
| 2020-12-31 | RM393.50 Million ≈ $98.80 Million |
+6.67% |
| 2019-12-31 | RM368.90 Million ≈ $92.62 Million |
+6.01% |
| 2018-12-31 | RM348.00 Million ≈ $87.37 Million |
+19.69% |
| 2017-12-31 | RM290.76 Million ≈ $73.00 Million |
+4.18% |
| 2016-12-31 | RM279.09 Million ≈ $70.07 Million |
+15.80% |
| 2015-12-31 | RM241.00 Million ≈ $60.51 Million |
+2.55% |
| 2014-12-31 | RM235.00 Million ≈ $59.00 Million |
+29.83% |
| 2013-12-31 | RM181.00 Million ≈ $45.44 Million |
-8.59% |
| 2012-12-31 | RM198.00 Million ≈ $49.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Malaysia Smelting Corporation 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 1347.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM448.60 Million | 61.35% |
| Common Stock | RM237.19 Million | 32.44% |
| Other Comprehensive Income | RM23.48 Million | 3.21% |
| Other Components | RM21.93 Million | 3.00% |
| Total Equity | RM731.20 Million | 100.00% |
Malaysia Smelting Corporation Bhd Competitors by Market Cap
The table below lists competitors of Malaysia Smelting Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongwoon Anatech Co Ltd
KQ:094170
|
$341.79 Million |
|
Wuhan Hanshang Group Co Ltd
SHG:600774
|
$341.93 Million |
|
FS Bancorp Inc
NASDAQ:FSBW
|
$342.00 Million |
|
Hong Tai Electric Industrial Co Ltd
TW:1612
|
$342.07 Million |
|
Shenzhen Longood Intelligent Electric Co Ltd Class A
SHE:300543
|
$341.62 Million |
|
Enviro Infra Engineers Ltd
NSE:EIEL
|
$341.62 Million |
|
Gopal Snacks Ltd
NSE:GOPAL
|
$341.57 Million |
|
Shenwu Energy Saving Co Ltd
SHE:000820
|
$341.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Malaysia Smelting Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 709,144,000 to 731,200,000, a change of 22,056,000 (3.1%).
- Net income of 81,974,000 contributed positively to equity growth.
- Dividend payments of 63,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 18,845,000.
- Other factors increased equity by 21,927,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM81.97 Million | +11.21% |
| Dividends Paid | RM63.00 Million | -8.62% |
| Other Comprehensive Income | RM-18.84 Million | -2.58% |
| Other Changes | RM21.93 Million | +3.0% |
| Total Change | RM- | 3.11% |
Book Value vs Market Value Analysis
This analysis compares Malaysia Smelting Corporation 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: 1.86x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.32x to 1.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.70 | RM1.62 | x |
| 2017-12-31 | RM0.73 | RM1.62 | x |
| 2018-12-31 | RM0.87 | RM1.62 | x |
| 2019-12-31 | RM0.92 | RM1.62 | x |
| 2020-12-31 | RM0.98 | RM1.62 | x |
| 2021-12-31 | RM0.70 | RM1.62 | x |
| 2022-12-31 | RM0.86 | RM1.62 | x |
| 2023-12-31 | RM0.90 | RM1.62 | x |
| 2024-12-31 | RM0.84 | RM1.62 | x |
| 2025-12-31 | RM0.87 | RM1.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Malaysia Smelting Corporation 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): 11.21%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.66%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 2.07x
- Recent ROE (11.21%) is above the historical average (9.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -2.08% | -0.34% | 1.82x | 3.35x | RM-29.10 Million |
| 2016 | 12.30% | 2.32% | 1.86x | 2.85x | RM6.43 Million |
| 2017 | 5.54% | 1.12% | 1.64x | 3.01x | RM-12.97 Million |
| 2018 | 9.86% | 2.68% | 1.52x | 2.42x | RM-502.60K |
| 2019 | 8.32% | 3.12% | 1.19x | 2.23x | RM-6.20 Million |
| 2020 | 3.85% | 1.86% | 0.82x | 2.53x | RM-24.19 Million |
| 2021 | 20.34% | 10.97% | 0.82x | 2.27x | RM60.01 Million |
| 2022 | 13.67% | 6.54% | 1.15x | 1.82x | RM26.39 Million |
| 2023 | 11.28% | 5.92% | 1.03x | 1.85x | RM9.64 Million |
| 2024 | 11.20% | 4.69% | 1.24x | 1.92x | RM8.51 Million |
| 2025 | 11.21% | 4.66% | 1.16x | 2.07x | RM8.85 Million |
Industry Comparison
This section compares Malaysia Smelting Corporation Bhd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $399,734,000
- Average return on equity (ROE) among peers: 16.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Malaysia Smelting Corporation Bhd (5916) | RM801.93 Million | -2.08% | 0.88x | $341.65 Million |
| OM Holdings Ltd (5298) | $399.73 Million | 16.97% | 1.22x | $116.39 Million |
About Malaysia Smelting Corporation Bhd
Malaysia Smelting Corporation Berhad, an investment holding company, engages in the smelting tin concentrates and tin bearing materials primarily in Malaysia. It operates through three segments: Tin Smelting, Tin Mining, and Others. The company produces, sells, and delivers refined tin metal and by-products under the MSC brand name; explores and mines tin; smelts tin concentrates and tin bearing … Read more