SMIS Corporation Bhd
SMIS Corporation Berhad, an investment holding company, manufactures and sells automotive braking and motorcycle components in Malaysia, Indonesia, and Thailand. The company operates through three segments Automotive Parts; Machinery Parts; and Others segments. It is involved in the manufacturing and trading of carpet of all descriptions and manufacturing of automotive braking components and moto… Read more
SMIS Corporation Bhd (7132) - Net Assets
Latest net assets as of September 2025: RM80.20 Million MYR
Based on the latest financial reports, SMIS Corporation Bhd (7132) has net assets worth RM80.20 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 (RM138.76 Million) and total liabilities (RM58.56 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 | RM80.20 Million |
| % of Total Assets | 57.8% |
| Annual Growth Rate | 0.35% |
| 5-Year Change | 41.7% |
| 10-Year Change | -5.48% |
| Growth Volatility | 11.67 |
SMIS Corporation Bhd - Net Assets Trend (2012–2024)
This chart illustrates how SMIS 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 SMIS Corporation Bhd (2012–2024)
The table below shows the annual net assets of SMIS Corporation Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM80.34 Million | +1.88% |
| 2023-12-31 | RM78.86 Million | +8.51% |
| 2022-12-31 | RM72.67 Million | +33.01% |
| 2021-12-31 | RM54.64 Million | -3.63% |
| 2020-12-31 | RM56.70 Million | -7.59% |
| 2019-12-31 | RM61.35 Million | +1.61% |
| 2018-12-31 | RM60.38 Million | -7.90% |
| 2017-12-31 | RM65.56 Million | -10.55% |
| 2016-12-31 | RM73.30 Million | -13.77% |
| 2015-12-31 | RM85.00 Million | +1.19% |
| 2014-12-31 | RM84.00 Million | +3.70% |
| 2013-12-31 | RM81.00 Million | +5.19% |
| 2012-12-31 | RM77.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SMIS 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 7.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM31.84 Million | 39.63% |
| Common Stock | RM49.69 Million | 61.85% |
| Total Equity | RM80.34 Million | 100.00% |
SMIS Corporation Bhd Competitors by Market Cap
The table below lists competitors of SMIS Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FINEQIA INTERN. INC. O.N.
F:FNQA
|
$1.35 Million |
|
BioQuest Corp
PINK:BQST
|
$1.35 Million |
|
Medical Marijuana I
PINK:MJNA
|
$1.35 Million |
|
Merchant House International Ltd
AU:MHI
|
$1.35 Million |
|
Bürgerliches Brauhaus Ravensburg - Lindau Aktiengesellschaft
STU:BBR
|
$1.35 Million |
|
BECTON DICKINSON&CO - Dusseldorf Stock Exchang
DU:BOX
|
$1.35 Million |
|
Jcurve Solutions Ltd
AU:JCS
|
$1.35 Million |
|
Bonanza Mining Corporation
V:BNZ
|
$1.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMIS Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 78,855,000 to 80,341,000, a change of 1,486,000 (1.9%).
- Net income of 2,820,000 contributed positively to equity growth.
- Other factors decreased equity by 1,334,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.82 Million | +3.51% |
| Other Changes | RM-1.33 Million | -1.66% |
| Total Change | RM- | 1.88% |
Book Value vs Market Value Analysis
This analysis compares SMIS 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: 0.29x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.74 | RM0.56 | x |
| 2017-12-31 | RM1.55 | RM0.56 | x |
| 2018-12-31 | RM1.43 | RM0.56 | x |
| 2019-12-31 | RM1.46 | RM0.56 | x |
| 2020-12-31 | RM1.34 | RM0.56 | x |
| 2021-12-31 | RM1.30 | RM0.56 | x |
| 2022-12-31 | RM1.72 | RM0.56 | x |
| 2023-12-31 | RM1.87 | RM0.56 | x |
| 2024-12-31 | RM1.91 | RM0.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMIS 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): 3.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.72x
- Recent ROE (3.51%) is above the historical average (-0.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -4.31% | -2.37% | 1.04x | 1.76x | RM-10.49 Million |
| 2017 | -7.12% | -3.74% | 0.99x | 1.93x | RM-11.23 Million |
| 2018 | -8.32% | -3.93% | 1.07x | 1.98x | RM-11.06 Million |
| 2019 | 1.34% | 0.65% | 1.12x | 1.84x | RM-5.31 Million |
| 2020 | -7.76% | -4.34% | 0.89x | 2.02x | RM-10.07 Million |
| 2021 | -4.29% | -2.07% | 1.01x | 2.05x | RM-7.81 Million |
| 2022 | 25.39% | 11.95% | 1.29x | 1.65x | RM11.19 Million |
| 2023 | -0.49% | -0.24% | 1.21x | 1.68x | RM-8.27 Million |
| 2024 | 3.51% | 1.79% | 1.14x | 1.72x | RM-5.21 Million |
Industry Comparison
This section compares SMIS Corporation Bhd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $236,290,207
- Average return on equity (ROE) among peers: 13.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMIS Corporation Bhd (7132) | RM80.20 Million | -4.31% | 0.73x | $1.35 Million |
| Eversafe Rubber Bhd (0190) | $65.06 Million | 4.25% | 0.76x | $1.20 Million |
| Betamek Bhd (0263) | $86.96 Million | 14.04% | 0.45x | $11.01 Million |
| KHPT Holdings Berhad (0322) | $28.09 Million | 31.32% | 1.02x | $2.10 Million |
| MSB Global Group Berhad (0350) | $38.18 Million | 49.46% | 0.54x | $3.62 Million |
| APM Automotive Holdings Bhd (5015) | $1.23 Billion | 3.18% | 0.34x | $36.74 Million |
| ABM Fujiya Bhd (5198) | $159.98 Million | 1.16% | 0.62x | $814.00K |
| Globaltec Formation Bhd (5220) | $370.00 Million | -10.00% | 0.35x | $23.80 Million |
| Solid Automotive Bhd (5242) | $141.56 Million | 1.00% | 0.66x | $5.00 Million |
| Pecca Group Bhd (5271) | $156.93 Million | 9.26% | 0.16x | $66.22 Million |
| Feytech Holdings Berhad (5322) | $85.48 Million | 32.28% | 0.71x | $13.02 Million |