Spritzer Bhd
Spritzer Bhd, an investment holding company, engages in the manufacture and sale of bottled water in Malaysia and internationally. It operates through three segments: Manufacturing, Trading, and Others. The company offers natural mineral water, carbonated flavored water, distilled water, drinking water, non-carbonated flavored water, preforms and bottles made of polyethylene terephthalate (PET), … Read more
Spritzer Bhd (7103) - Net Assets
Latest net assets as of November 2025: RM657.67 Million MYR
Based on the latest financial reports, Spritzer Bhd (7103) has net assets worth RM657.67 Million MYR as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM862.69 Million) and total liabilities (RM205.02 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 | RM657.67 Million |
| % of Total Assets | 76.23% |
| Annual Growth Rate | 10.99% |
| 5-Year Change | 31.08% |
| 10-Year Change | 124.87% |
| Growth Volatility | 7.1 |
Spritzer Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Spritzer Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spritzer Bhd (2012–2025)
The table below shows the annual net assets of Spritzer Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | RM582.00 Million | +10.43% |
| 2024-05-31 | RM527.03 Million | +6.80% |
| 2023-05-31 | RM493.48 Million | +6.64% |
| 2022-05-31 | RM462.75 Million | +4.22% |
| 2021-05-31 | RM444.00 Million | +6.92% |
| 2020-05-31 | RM415.28 Million | +6.70% |
| 2019-05-31 | RM389.20 Million | +3.38% |
| 2018-05-31 | RM376.47 Million | +30.60% |
| 2017-05-31 | RM288.25 Million | +11.37% |
| 2016-05-31 | RM258.82 Million | +19.82% |
| 2015-05-31 | RM216.00 Million | +14.89% |
| 2014-05-31 | RM188.00 Million | +12.57% |
| 2013-05-31 | RM167.00 Million | +11.33% |
| 2012-05-31 | RM150.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spritzer 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 151.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM353.48 Million | 60.74% |
| Common Stock | RM224.40 Million | 38.56% |
| Other Components | RM4.12 Million | 0.71% |
| Total Equity | RM582.00 Million | 100.00% |
Spritzer Bhd Competitors by Market Cap
The table below lists competitors of Spritzer Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nacity Property Service Co Ltd
SHG:603506
|
$122.40 Million |
|
Oriental Precision & Engineering Co.Ltd
KQ:014940
|
$122.46 Million |
|
Huida Sanitary Ware Co Ltd
SHG:603385
|
$122.54 Million |
|
Bms Birlesik Metal Sanayi ve Ticaret AS
IS:BMSTL
|
$122.56 Million |
|
Allied Energy Inc
PINK:AGGI
|
$122.37 Million |
|
Aimei Health Technology Co., Ltd Ordinary Share
NASDAQ:AFJK
|
$122.36 Million |
|
Namhae Chemical
KO:025860
|
$122.35 Million |
|
Zhongjie (Jiangsu) Technology Co.Ltd.
SHE:301072
|
$122.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spritzer Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 527,031,000 to 581,998,000, a change of 54,967,000 (10.4%).
- Net income of 71,111,000 contributed positively to equity growth.
- Dividend payments of 17,562,000 reduced retained earnings.
- Share repurchases of 2,356,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM71.11 Million | +12.22% |
| Dividends Paid | RM17.56 Million | -3.02% |
| Share Repurchases | RM2.36 Million | -0.4% |
| Other Changes | RM3.77 Million | +0.65% |
| Total Change | RM- | 10.43% |
Book Value vs Market Value Analysis
This analysis compares Spritzer 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: 2.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.64x to 2.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-05-31 | RM1.61 | RM2.64 | x |
| 2018-05-31 | RM1.79 | RM2.64 | x |
| 2019-05-31 | RM1.85 | RM2.64 | x |
| 2020-05-31 | RM1.98 | RM2.64 | x |
| 2021-05-31 | RM1.41 | RM2.64 | x |
| 2022-05-31 | RM1.47 | RM2.64 | x |
| 2023-05-31 | RM1.58 | RM2.64 | x |
| 2024-05-31 | RM0.83 | RM2.64 | x |
| 2025-05-31 | RM0.91 | RM2.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spritzer 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): 12.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.28%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.33x
- Recent ROE (12.22%) is above the historical average (7.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.99% | 9.87% | 0.83x | 1.35x | RM2.58 Million |
| 2017 | 4.34% | 6.73% | 0.51x | 1.27x | RM-16.32 Million |
| 2018 | 6.77% | 8.12% | 0.69x | 1.22x | RM-12.17 Million |
| 2019 | 6.22% | 6.97% | 0.73x | 1.22x | RM-14.70 Million |
| 2020 | 7.52% | 8.35% | 0.75x | 1.20x | RM-10.28 Million |
| 2021 | 8.03% | 11.56% | 0.60x | 1.16x | RM-8.74 Million |
| 2022 | 5.24% | 7.32% | 0.59x | 1.21x | RM-22.04 Million |
| 2023 | 7.49% | 8.53% | 0.72x | 1.22x | RM-12.38 Million |
| 2024 | 9.39% | 10.09% | 0.71x | 1.31x | RM-3.22 Million |
| 2025 | 12.22% | 12.28% | 0.75x | 1.33x | RM12.91 Million |
Industry Comparison
This section compares Spritzer Bhd's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $1,045,835,894
- Average return on equity (ROE) among peers: 18.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spritzer Bhd (7103) | RM657.67 Million | 10.99% | 0.31x | $122.39 Million |
| Orgabio Holdings Bhd (0252) | $24.03 Million | 23.97% | 0.95x | $2.12 Million |
| Fraser Neave Holdings Bhd (3689) | $3.88 Billion | 13.11% | 0.45x | $1.12 Billion |
| LWSABAH (5328) | $74.17 Million | 21.22% | 1.15x | $36.92 Million |
| Power Root Bhd (7237) | $206.00 Million | 16.50% | 0.38x | $37.96 Million |