Sern Kou Resources Bhd (7180) - Net Assets
Based on the latest financial reports, Sern Kou Resources Bhd (7180) has net assets worth RM212.24 Million MYR (≈ $53.29 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 (RM376.82 Million ≈ $94.61 Million USD) and total liabilities (RM164.59 Million ≈ $41.32 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 Sern Kou Resources Bhd (7180) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM212.24 Million |
| % of Total Assets | 56.32% |
| Annual Growth Rate | 9.61% |
| 5-Year Change | 14.71% |
| 10-Year Change | 229.31% |
| Growth Volatility | 17.32 |
Sern Kou Resources Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Sern Kou Resources Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Sern Kou Resources Bhd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Sern Kou Resources Bhd (2012–2025)
The table below shows the annual net assets of Sern Kou Resources Bhd from 2012 to 2025. For live valuation and market cap data, see how much is Sern Kou Resources Bhd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM214.34 Million ≈ $53.81 Million |
-3.15% |
| 2024-06-30 | RM221.31 Million ≈ $55.56 Million |
-6.54% |
| 2023-06-30 | RM236.80 Million ≈ $59.45 Million |
+15.54% |
| 2022-06-30 | RM204.95 Million ≈ $51.46 Million |
+9.68% |
| 2021-06-30 | RM186.86 Million ≈ $46.91 Million |
+56.41% |
| 2020-06-30 | RM119.46 Million ≈ $29.99 Million |
+37.00% |
| 2019-06-30 | RM87.20 Million ≈ $21.89 Million |
+15.29% |
| 2018-06-30 | RM75.64 Million ≈ $18.99 Million |
+13.65% |
| 2017-06-30 | RM66.55 Million ≈ $16.71 Million |
+2.25% |
| 2016-06-30 | RM65.09 Million ≈ $16.34 Million |
+1.70% |
| 2015-06-30 | RM64.00 Million ≈ $16.07 Million |
+3.23% |
| 2014-06-30 | RM62.00 Million ≈ $15.57 Million |
+1.64% |
| 2013-06-30 | RM61.00 Million ≈ $15.32 Million |
-6.15% |
| 2012-06-30 | RM65.00 Million ≈ $16.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sern Kou Resources 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 1434.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM61.39 Million | 28.85% |
| Common Stock | RM106.78 Million | 50.19% |
| Other Comprehensive Income | RM44.60 Million | 20.96% |
| Total Equity | RM212.77 Million | 100.00% |
Sern Kou Resources Bhd Competitors by Market Cap
The table below lists competitors of Sern Kou Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Artius II Acquisition Inc. Class A Ordinary Shares
NASDAQ:AACB
|
$230.18 Million |
|
Dynamix Corporation Unit
NASDAQ:DYNXU
|
$230.20 Million |
|
Sonmez Filament Sentetik Iplik ve Elyaf Sanayi AS
IS:SONME
|
$230.21 Million |
|
Salmon Evolution Holding AS
OL:SALME
|
$230.25 Million |
|
Bank Nationalnobu Tbk
JK:NOBU
|
$230.06 Million |
|
Iberpapel Gestion SA
MC:IBG
|
$230.02 Million |
|
TTS (TRANSPORT TRADE SERVICES)
RO:TTS
|
$229.80 Million |
|
Sociedad Comercial del Plata S.A.
BA:COME
|
$229.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sern Kou Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 218,656,639 to 212,773,000, a change of -5,883,639 (-2.7%).
- Net loss of 5,884,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-5.88 Million | -2.77% |
| Other Changes | RM361.00 | +0.0% |
| Total Change | RM- | -2.69% |
Book Value vs Market Value Analysis
This analysis compares Sern Kou Resources 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: 4.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.40x to 4.31x 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 | RM0.09 | RM0.85 | x |
| 2017-06-30 | RM0.09 | RM0.85 | x |
| 2018-06-30 | RM0.11 | RM0.85 | x |
| 2019-06-30 | RM0.12 | RM0.85 | x |
| 2020-06-30 | RM0.16 | RM0.85 | x |
| 2021-06-30 | RM0.24 | RM0.85 | x |
| 2022-06-30 | RM0.20 | RM0.85 | x |
| 2023-06-30 | RM0.25 | RM0.85 | x |
| 2024-06-30 | RM0.20 | RM0.85 | x |
| 2025-06-30 | RM0.20 | RM0.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sern Kou Resources 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): -2.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.21%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 1.75x
- Recent ROE (-2.77%) is below the historical average (4.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 3.14% | 1.83% | 1.08x | 1.58x | RM-4.38 Million |
| 2016 | 2.05% | 1.27% | 1.02x | 1.59x | RM-5.17 Million |
| 2017 | 2.20% | 1.12% | 0.99x | 1.97x | RM-5.19 Million |
| 2018 | 12.01% | 5.25% | 1.14x | 2.01x | RM1.52 Million |
| 2019 | 13.26% | 4.88% | 1.25x | 2.17x | RM2.84 Million |
| 2020 | 14.35% | 5.71% | 1.35x | 1.86x | RM5.20 Million |
| 2021 | 9.40% | 5.41% | 1.11x | 1.57x | RM-1.12 Million |
| 2022 | 4.54% | 2.72% | 1.05x | 1.58x | RM-11.08 Million |
| 2023 | 0.56% | 0.34% | 1.10x | 1.49x | RM-21.98 Million |
| 2024 | -6.38% | -2.82% | 1.32x | 1.70x | RM-35.81 Million |
| 2025 | -2.77% | -1.21% | 1.31x | 1.75x | RM-27.16 Million |
Industry Comparison
This section compares Sern Kou Resources Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $242,994,060
- Average return on equity (ROE) among peers: 2.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sern Kou Resources Bhd (7180) | RM212.24 Million | 3.14% | 0.78x | $230.07 Million |
| Kanger International Bhd (0170) | $260.06 Million | -19.64% | 0.60x | $6.98 Million |
| Mieco Chipboard Bhd (5001) | $335.00 Million | -1.34% | 0.93x | $166.96 Million |
| NWP Holdings Bhd (5025) | $40.54 Million | -7.14% | 0.38x | $22.38 Million |
| Annum Bhd (5082) | $51.12 Million | 7.74% | 0.31x | $285.59K |
| HeveaBoard Bhd (5095) | $425.80 Million | 2.19% | 0.19x | $19.18 Million |
| Focus Lumber Bhd (5197) | $123.00 Million | 12.20% | 0.15x | $11.52 Million |
| Minho M Bhd (5576) | $360.40 Million | 3.35% | 0.32x | $23.29 Million |
| Golden Pharos Bhd (5649) | $87.00 Million | 17.24% | 0.48x | $7.78 Million |
| Subur Tiasa Holdings Bhd (6904) | $706.00 Million | 5.52% | 0.75x | $33.83 Million |
| Woodlandor Holdings Bhd (7025) | $41.02 Million | 1.34% | 0.38x | $6.03 Million |
About Sern Kou Resources Bhd
Sern Kou Resources Berhad, an investment holding company, manufactures and trades in wooden furniture in Malaysia, the United States, Europe, and the Asia-Pacific. It operates through Manufacturing and Trading of Furniture; and Processing and Trading of Wood segments. The company offers dining, living room, bedroom, and occasional furniture; casual furniture, such as desks and chairs; plywood and… Read more