Ge Shen Corporation Bhd
GE-Shen Corporation Berhad, an investment holding company, manufactures and trades in plastic moulded products, components, tools and die, fabricated metal products, and other related products in Malaysia, Singapore, and Vietnam. The company is involved in injection moulding, supply chain and project management, engineering, machining, printing, coating and surface finishing, compression and rubb… Read more
Ge Shen Corporation Bhd (7197) - Net Assets
Latest net assets as of September 2025: RM197.87 Million MYR
Based on the latest financial reports, Ge Shen Corporation Bhd (7197) has net assets worth RM197.87 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 (RM436.84 Million) and total liabilities (RM238.97 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 | RM197.87 Million |
| % of Total Assets | 45.3% |
| Annual Growth Rate | 13.62% |
| 5-Year Change | 99.11% |
| 10-Year Change | 113.31% |
| Growth Volatility | 24.32 |
Ge Shen Corporation Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Ge Shen 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 Ge Shen Corporation Bhd (2012–2024)
The table below shows the annual net assets of Ge Shen Corporation Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM189.85 Million | +29.12% |
| 2023-12-31 | RM147.03 Million | +18.88% |
| 2022-12-31 | RM123.67 Million | +9.45% |
| 2021-12-31 | RM112.99 Million | +18.51% |
| 2020-12-31 | RM95.35 Million | +2.12% |
| 2019-12-31 | RM93.37 Million | -8.36% |
| 2018-12-31 | RM101.88 Million | +5.27% |
| 2017-12-31 | RM96.78 Million | +13.66% |
| 2016-12-31 | RM85.15 Million | -4.32% |
| 2015-12-31 | RM89.00 Million | +89.36% |
| 2014-12-31 | RM47.00 Million | +9.30% |
| 2013-12-31 | RM43.00 Million | +4.88% |
| 2012-12-31 | RM41.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ge Shen 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 230.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM82.76 Million | 43.59% |
| Common Stock | RM107.09 Million | 56.41% |
| Total Equity | RM189.85 Million | 100.00% |
Ge Shen Corporation Bhd Competitors by Market Cap
The table below lists competitors of Ge Shen Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INTRON TECH.HLDGS HD -01
F:B46
|
$68.71 Million |
|
Tai-Saw Technology Co Ltd
TWO:3221
|
$68.75 Million |
|
Sylogist Ltd
PINK:SYZLF
|
$68.77 Million |
|
K Laser Technology Inc
TW:2461
|
$68.84 Million |
|
BAUER Aktiengesellschaft
PINK:BRAGF
|
$68.65 Million |
|
Harrisons Holdings (Malaysia)
KLSE:5008
|
$68.65 Million |
|
Hansol Holdings Co Ltd
KO:004150
|
$68.62 Million |
|
Union Insurance Co Ltd
TW:2816
|
$68.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ge Shen Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 147,027,000 to 189,848,000, a change of 42,821,000 (29.1%).
- Net income of 11,829,000 contributed positively to equity growth.
- Share repurchases of 20,903,000 reduced equity.
- New share issuances of 28,914,000 increased equity.
- Other factors increased equity by 22,981,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM11.83 Million | +6.23% |
| Share Repurchases | RM20.90 Million | -11.01% |
| Share Issuances | RM28.91 Million | +15.23% |
| Other Changes | RM22.98 Million | +12.1% |
| Total Change | RM- | 29.12% |
Book Value vs Market Value Analysis
This analysis compares Ge Shen 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: 3.27x
- 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 increased from 1.39x to 3.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.11 | RM1.54 | x |
| 2017-12-31 | RM1.26 | RM1.54 | x |
| 2018-12-31 | RM1.32 | RM1.54 | x |
| 2019-12-31 | RM1.21 | RM1.54 | x |
| 2020-12-31 | RM0.89 | RM1.54 | x |
| 2021-12-31 | RM1.03 | RM1.54 | x |
| 2022-12-31 | RM1.13 | RM1.54 | x |
| 2023-12-31 | RM0.40 | RM1.54 | x |
| 2024-12-31 | RM0.47 | RM1.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ge Shen 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): 6.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.30%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.93x
- Recent ROE (6.23%) is below the historical average (6.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.89% | 8.21% | 0.92x | 2.38x | RM6.72 Million |
| 2017 | 10.91% | 4.62% | 1.03x | 2.29x | RM878.00K |
| 2018 | 4.42% | 2.22% | 0.96x | 2.07x | RM-5.69 Million |
| 2019 | -9.31% | -5.47% | 0.68x | 2.52x | RM-18.03 Million |
| 2020 | 2.24% | 1.09% | 0.77x | 2.65x | RM-7.40 Million |
| 2021 | 11.64% | 5.48% | 0.87x | 2.43x | RM1.85 Million |
| 2022 | 8.22% | 4.01% | 0.92x | 2.23x | RM-2.21 Million |
| 2023 | 5.76% | 3.30% | 0.82x | 2.11x | RM-6.24 Million |
| 2024 | 6.23% | 4.30% | 0.75x | 1.93x | RM-7.16 Million |
Industry Comparison
This section compares Ge Shen 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 |
|---|---|---|---|---|
| Ge Shen Corporation Bhd (7197) | RM197.87 Million | 17.89% | 1.21x | $68.69 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 | $2.09 Million |
| Coraza Integrated Technology Bhd (0240) | $24.62 Million | 14.02% | 0.86x | $23.85 Million |
| SFP Tech Holdings Bhd (0251) | $197.22 Million | 19.84% | 0.48x | $15.70 Million |
| Wentel Engineering Holdings Berhad (0298) | $67.39 Million | 18.41% | 0.37x | $15.36 Million |
| Chemlite Innovation Berhad (0348) | $10.17 Million | 88.53% | 2.12x | $7.62 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 | $381.46 Million |
| APB Resources Bhd (5568) | $156.86 Million | -0.79% | 0.07x | $2.25 Million |