SKB Shutters Corporation Bhd
SKB Shutters Corporation Berhad, an investment holding company, engages in the manufacture, sale, and trade of roller shutters, racking systems, storage systems, and related steel products in Malaysia, rest of Asia, Oceania, the Middle East, and internationally. It offers aluminum, double-wall, fire resistance, and lightweight greaseless roller shutters; automatic reset for fire shutters; motoriz… Read more
SKB Shutters Corporation Bhd (7115) - Net Assets
Latest net assets as of September 2025: RM179.71 Million MYR
Based on the latest financial reports, SKB Shutters Corporation Bhd (7115) has net assets worth RM179.71 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM322.02 Million) and total liabilities (RM142.32 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 | RM179.71 Million |
| % of Total Assets | 55.81% |
| Annual Growth Rate | 6.45% |
| 5-Year Change | 95.57% |
| 10-Year Change | 135.99% |
| Growth Volatility | 9.96 |
SKB Shutters Corporation Bhd - Net Assets Trend (2012–2025)
This chart illustrates how SKB Shutters Corporation 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 SKB Shutters Corporation Bhd (2012–2025)
The table below shows the annual net assets of SKB Shutters Corporation Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM178.11 Million | +34.51% |
| 2024-06-30 | RM132.41 Million | +14.59% |
| 2023-06-30 | RM115.55 Million | +14.82% |
| 2022-06-30 | RM100.64 Million | +10.51% |
| 2021-06-30 | RM91.07 Million | +11.43% |
| 2020-06-30 | RM81.73 Million | -1.16% |
| 2019-06-30 | RM82.69 Million | +3.96% |
| 2018-06-30 | RM79.54 Million | +2.60% |
| 2017-06-30 | RM77.53 Million | +2.73% |
| 2016-06-30 | RM75.47 Million | -0.69% |
| 2015-06-30 | RM76.00 Million | -1.30% |
| 2014-06-30 | RM77.00 Million | 0.00% |
| 2013-06-30 | RM77.00 Million | -2.53% |
| 2012-06-30 | RM79.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SKB Shutters 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 193.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM104.16 Million | 58.48% |
| Common Stock | RM73.95 Million | 41.52% |
| Total Equity | RM178.11 Million | 100.00% |
SKB Shutters Corporation Bhd Competitors by Market Cap
The table below lists competitors of SKB Shutters Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eversendai Corporation Bhd
KLSE:5205
|
$12.64 Million |
|
Ha Noi South Housing and Urban Development Corp
VN:NHA
|
$12.65 Million |
|
CN SINGYES
F:KG0A
|
$12.65 Million |
|
CAFOM S.A. INH. EO 510
F:CAA
|
$12.65 Million |
|
Artificial Intelligence Technology Solutions Inc
PINK:AITX
|
$12.64 Million |
|
Lokum Deweloper SA
WAR:LKD
|
$12.64 Million |
|
SoftOx Solutions AS
OL:SOFTX
|
$12.63 Million |
|
CHINA NEW ENERGY LS-00025
F:9H5
|
$12.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SKB Shutters Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 132,412,860 to 178,109,330, a change of 45,696,470 (34.5%).
- Net income of 25,799,290 contributed positively to equity growth.
- Dividend payments of 7,780,190 reduced retained earnings.
- Share repurchases of 27,624,340 reduced equity.
- New share issuances of 27,624,000 increased equity.
- Other factors increased equity by 27,677,710.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM25.80 Million | +14.49% |
| Dividends Paid | RM7.78 Million | -4.37% |
| Share Repurchases | RM27.62 Million | -15.51% |
| Share Issuances | RM27.62 Million | +15.51% |
| Other Changes | RM27.68 Million | +15.54% |
| Total Change | RM- | 34.51% |
Book Value vs Market Value Analysis
This analysis compares SKB Shutters 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: 0.88x
- 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 1.29x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM0.63 | RM0.81 | x |
| 2017-06-30 | RM0.65 | RM0.81 | x |
| 2018-06-30 | RM0.66 | RM0.81 | x |
| 2019-06-30 | RM0.69 | RM0.81 | x |
| 2020-06-30 | RM0.68 | RM0.81 | x |
| 2021-06-30 | RM0.69 | RM0.81 | x |
| 2022-06-30 | RM0.76 | RM0.81 | x |
| 2023-06-30 | RM0.88 | RM0.81 | x |
| 2024-06-30 | RM0.99 | RM0.81 | x |
| 2025-06-30 | RM0.92 | RM0.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SKB Shutters 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): 14.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.74%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.75x
- Recent ROE (14.49%) is above the historical average (6.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.56% | -0.76% | 0.50x | 1.47x | RM-7.97 Million |
| 2017 | 2.73% | 3.07% | 0.40x | 2.25x | RM-5.63 Million |
| 2018 | 2.48% | 3.03% | 0.41x | 1.98x | RM-5.98 Million |
| 2019 | 3.84% | 4.85% | 0.40x | 1.97x | RM-5.09 Million |
| 2020 | -1.17% | -1.44% | 0.42x | 1.94x | RM-9.13 Million |
| 2021 | 5.52% | 7.80% | 0.39x | 1.82x | RM-4.08 Million |
| 2022 | 9.53% | 12.88% | 0.42x | 1.78x | RM-468.84K |
| 2023 | 12.98% | 13.37% | 0.49x | 1.97x | RM3.44 Million |
| 2024 | 12.36% | 14.14% | 0.47x | 1.88x | RM3.13 Million |
| 2025 | 14.49% | 18.74% | 0.44x | 1.75x | RM7.99 Million |
Industry Comparison
This section compares SKB Shutters Corporation Bhd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $102,489,553
- Average return on equity (ROE) among peers: 5.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SKB Shutters Corporation Bhd (7115) | RM179.71 Million | -0.56% | 0.79x | $12.64 Million |
| Mestron Holdings (0207) | $133.18 Million | 8.22% | 0.51x | $13.22 Million |
| Volcano Bhd (0232) | $67.65 Million | 7.07% | 0.10x | $2.97 Million |
| CEKD Bhd (0238) | $37.51 Million | 16.10% | 0.45x | $2.22 Million |
| Coraza Integrated Technology Bhd (0240) | $24.62 Million | 14.02% | 0.86x | $22.53 Million |
| SFP Tech Holdings Bhd (0251) | $197.22 Million | 19.84% | 0.48x | $15.02 Million |
| Wentel Engineering Holdings Berhad (0298) | $67.39 Million | 18.41% | 0.37x | $15.04 Million |
| Chemlite Innovation Berhad (0348) | $10.17 Million | 88.53% | 2.12x | $7.81 Million |
| Seremban Engineering Bhd (5163) | $25.52 Million | -141.72% | 3.68x | $1.36 Million |
| Uwc Bhd (5292) | $304.78 Million | 30.03% | 0.18x | $374.15 Million |
| APB Resources Bhd (5568) | $156.86 Million | -0.79% | 0.07x | $2.25 Million |