Spritzer Bhd (7103) - Net Assets

Latest as of February 2026: RM680.12 Million MYR ≈ $170.76 Million USD

Based on the latest financial reports, Spritzer Bhd (7103) has net assets worth RM680.12 Million MYR (≈ $170.76 Million USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM870.16 Million ≈ $218.47 Million USD) and total liabilities (RM190.04 Million ≈ $47.71 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. Also explore 7103 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM680.12 Million
% of Total Assets	78.16%
Annual Growth Rate	11.14%
5-Year Change	42.12%
10-Year Change	128.15%
Growth Volatility	6.86

Spritzer Bhd - Net Assets Trend (2012–2026)

This chart illustrates how Spritzer Bhd's net assets have evolved over time, based on quarterly financial data. Check Spritzer Bhd (7103) tangible net worth to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Spritzer Bhd (2012–2026)

The table below shows the annual net assets of Spritzer Bhd from 2012 to 2026. For live valuation and market cap data, see Spritzer Bhd (7103) total market value.

Year	Net Assets	Change
2026-05-31	RM657.67 Million ≈ $165.12 Million	+13.00%
2025-05-31	RM582.00 Million ≈ $146.12 Million	+10.43%
2024-05-31	RM527.03 Million ≈ $132.32 Million	+6.80%
2023-05-31	RM493.48 Million ≈ $123.90 Million	+6.64%
2022-05-31	RM462.75 Million ≈ $116.18 Million	+4.22%
2021-05-31	RM444.00 Million ≈ $111.47 Million	+6.92%
2020-05-31	RM415.28 Million ≈ $104.26 Million	+6.70%
2019-05-31	RM389.20 Million ≈ $97.72 Million	+3.38%
2018-05-31	RM376.47 Million ≈ $94.52 Million	+30.60%
2017-05-31	RM288.25 Million ≈ $72.37 Million	+11.37%
2016-05-31	RM258.82 Million ≈ $64.98 Million	+19.82%
2015-05-31	RM216.00 Million ≈ $54.23 Million	+14.89%
2014-05-31	RM188.00 Million ≈ $47.20 Million	+12.57%
2013-05-31	RM167.00 Million ≈ $41.93 Million	+11.33%
2012-05-31	RM150.00 Million ≈ $37.66 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 198.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (May 2026)

Component	Amount	Percentage
Retained Earnings	RM418.77 Million	63.67%
Other Components	RM238.90 Million	36.33%
Total Equity	RM657.67 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
Nexen Tire KO:002350	$458.14 Million
CarrefourSA Carrefour Sabanci Ticaret Merkezi AS IS:CRFSA	$458.17 Million
First Tractor Company Limited F:FTP	$458.22 Million
Magnum Bhd KLSE:3859	$458.25 Million
Share India Securities Limited NSE:SHAREINDIA	$457.90 Million
KINX Inc KQ:093320	$457.77 Million
Wanma Technology Co Ltd SHE:300698	$457.66 Million
Shandong Homey Aquatic Development Co Ltd SHG:600467	$457.51 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 2025 to 2026, total equity changed from 581,998,000 to 657,666,000, a change of 75,668,000 (13.0%).
Net income of 90,759,000 contributed positively to equity growth.
Dividend payments of 25,470,000 reduced retained earnings.
Other factors increased equity by 10,379,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM90.76 Million	+13.8%
Dividends Paid	RM25.47 Million	-3.87%
Other Changes	RM10.38 Million	+1.58%
Total Change	RM-	13.00%

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: 2.76x
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 1.78x to 2.76x 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	RM2.85	x
2018-05-31	RM1.79	RM2.85	x
2019-05-31	RM1.85	RM2.85	x
2020-05-31	RM1.98	RM2.85	x
2021-05-31	RM1.41	RM2.85	x
2022-05-31	RM1.47	RM2.85	x
2023-05-31	RM1.58	RM2.85	x
2024-05-31	RM0.83	RM2.85	x
2025-05-31	RM0.91	RM2.85	x
2026-05-31	RM1.03	RM2.85	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): 13.80%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.82%
• Asset Turnover: 0.76x
• Equity Multiplier: 1.31x
Recent ROE (13.80%) is above the historical average (8.37%), 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
2026	13.80%	13.82%	0.76x	1.31x	RM24.99 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: $529,242,940
Average return on equity (ROE) among peers: 23.43%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Spritzer Bhd (7103)	RM680.12 Million	10.99%	0.28x	$458.05 Million
Orgabio Holdings Bhd (0252)	$20.77 Million	36.78%	1.05x	$18.67 Million
Fraser Neave Holdings Bhd (3689)	$1.69 Billion	15.36%	0.62x	$2.63 Billion
LWSABAH (5328)	$59.64 Million	29.62%	1.00x	$172.26 Million
Power Root Bhd (7237)	$347.74 Million	11.95%	0.45x	$115.49 Million

About Spritzer Bhd

KLSE:7103 Malaysia Beverages - Non-Alcoholic

Market Cap

$458.05 Million

RM1.82 Billion MYR

Market Cap Rank

#12489 Global

#138 in Malaysia

Share Price

RM2.85

Change (1 day)

-1.72%

52-Week Range

RM1.60 - RM3.08

All Time High

RM3.15