SKB Shutters Corporation Bhd (7115) - Net Assets

Latest as of December 2025: RM189.32 Million MYR ≈ $47.53 Million USD

Based on the latest financial reports, SKB Shutters Corporation Bhd (7115) has net assets worth RM189.32 Million MYR (≈ $47.53 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 (RM335.65 Million ≈ $84.27 Million USD) and total liabilities (RM146.33 Million ≈ $36.74 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 SKB Shutters Corporation Bhd liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM189.32 Million
% of Total Assets	56.41%
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. Also explore 7115 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 7115 market cap.

Year	Net Assets	Change
2025-06-30	RM178.11 Million ≈ $44.72 Million	+34.51%
2024-06-30	RM132.41 Million ≈ $33.24 Million	+14.59%
2023-06-30	RM115.55 Million ≈ $29.01 Million	+14.82%
2022-06-30	RM100.64 Million ≈ $25.27 Million	+10.51%
2021-06-30	RM91.07 Million ≈ $22.87 Million	+11.43%
2020-06-30	RM81.73 Million ≈ $20.52 Million	-1.16%
2019-06-30	RM82.69 Million ≈ $20.76 Million	+3.96%
2018-06-30	RM79.54 Million ≈ $19.97 Million	+2.60%
2017-06-30	RM77.53 Million ≈ $19.47 Million	+2.73%
2016-06-30	RM75.47 Million ≈ $18.95 Million	-0.69%
2015-06-30	RM76.00 Million ≈ $19.08 Million	-1.30%
2014-06-30	RM77.00 Million ≈ $19.33 Million	0.00%
2013-06-30	RM77.00 Million ≈ $19.33 Million	-2.53%
2012-06-30	RM79.00 Million ≈ $19.83 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
Bukit Darmo Property Tbk JK:BKDP	$42.27 Million
Azion Corporation TWO:6148	$42.29 Million
Medico Remedies Limited NSE:MEDICO	$42.29 Million
Christiani & Nielsen (Thai) Public Company Limited BK:CNT	$42.29 Million
Santierul Naval Orsova SA RO:SNO	$42.23 Million
Biokarpet S.A. AT:BIOKA	$42.22 Million
Vertoz Advertising Limited NSE:VERTOZ	$42.22 Million
Woori SPAC 3 KQ:198440	$42.21 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: 0.94x
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 1.38x to 0.94x 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	RM0.87	x
2017-06-30	RM0.65	RM0.87	x
2018-06-30	RM0.66	RM0.87	x
2019-06-30	RM0.69	RM0.87	x
2020-06-30	RM0.68	RM0.87	x
2021-06-30	RM0.69	RM0.87	x
2022-06-30	RM0.76	RM0.87	x
2023-06-30	RM0.88	RM0.87	x
2024-06-30	RM0.99	RM0.87	x
2025-06-30	RM0.92	RM0.87	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: $223,062,946
Average return on equity (ROE) among peers: -3.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
SKB Shutters Corporation Bhd (7115)	RM189.32 Million	-0.56%	0.77x	$42.24 Million
Mestron Holdings (0207)	$60.48 Million	3.75%	0.40x	$34.93 Million
Volcano Bhd (0232)	$103.57 Million	1.31%	0.48x	$14.14 Million
CEKD Bhd (0238)	$64.96 Million	7.63%	0.32x	$14.66 Million
Coraza Integrated Technology Bhd (0240)	$29.25 Million	27.40%	1.03x	$109.19 Million
SFP Tech Holdings Bhd (0251)	$74.50 Million	26.07%	0.78x	$114.49 Million
Wentel Engineering Holdings Berhad (0298)	$186.46 Million	8.06%	0.15x	$77.96 Million
Seremban Engineering Bhd (5163)	$25.52 Million	-141.72%	3.68x	$13.30 Million
Uwc Bhd (5292)	$304.78 Million	30.03%	0.18x	$1.61 Billion
APB Resources Bhd (5568)	$158.11 Million	-11.17%	0.05x	$5.14 Million
Kumpulan Perangsang Selangor (5843)	$1.22 Billion	9.48%	1.30x	$78.93 Million

About SKB Shutters Corporation Bhd

KLSE:7115 Malaysia Metal Fabrication

Market Cap

$42.24 Million

RM168.25 Million MYR

Market Cap Rank

#22617 Global

#519 in Malaysia

Share Price

RM0.87

Change (1 day)

+1.17%

52-Week Range

RM0.70 - RM1.00

All Time High

RM1.16