Ge Shen Corporation Bhd (7197) - Net Assets

Latest as of December 2025: RM193.32 Million MYR ≈ $48.54 Million USD

Based on the latest financial reports, Ge Shen Corporation Bhd (7197) has net assets worth RM193.32 Million MYR (≈ $48.54 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 (RM454.81 Million ≈ $114.19 Million USD) and total liabilities (RM261.49 Million ≈ $65.65 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 Ge Shen Corporation Bhd (7197) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM193.32 Million
% of Total Assets	42.51%
Annual Growth Rate	14.32%
5-Year Change	106.59%
10-Year Change	174.13%
Growth Volatility	23.45

Ge Shen Corporation Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Ge Shen Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 7197 total assets for the complete picture of this company's asset base.

Annual Net Assets for Ge Shen Corporation Bhd (2012–2025)

The table below shows the annual net assets of Ge Shen Corporation Bhd from 2012 to 2025. For live valuation and market cap data, see how much is Ge Shen Corporation Bhd worth.

Year	Net Assets	Change
2025-12-31	RM233.42 Million ≈ $58.60 Million	+22.95%
2024-12-31	RM189.85 Million ≈ $47.66 Million	+29.12%
2023-12-31	RM147.03 Million ≈ $36.91 Million	+18.88%
2022-12-31	RM123.67 Million ≈ $31.05 Million	+9.45%
2021-12-31	RM112.99 Million ≈ $28.37 Million	+18.51%
2020-12-31	RM95.35 Million ≈ $23.94 Million	+2.12%
2019-12-31	RM93.37 Million ≈ $23.44 Million	-8.36%
2018-12-31	RM101.88 Million ≈ $25.58 Million	+5.27%
2017-12-31	RM96.78 Million ≈ $24.30 Million	+13.66%
2016-12-31	RM85.15 Million ≈ $21.38 Million	-4.32%
2015-12-31	RM89.00 Million ≈ $22.34 Million	+89.36%
2014-12-31	RM47.00 Million ≈ $11.80 Million	+9.30%
2013-12-31	RM43.00 Million ≈ $10.80 Million	+4.88%
2012-12-31	RM41.00 Million ≈ $10.29 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 226.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM81.72 Million	42.27%
Common Stock	RM107.57 Million	55.65%
Other Components	RM4.03 Million	2.08%
Total Equity	RM193.32 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
Reit Azorim HF Living Ltd TA:AZRT	$154.58 Million
LG Corp Preferred KO:003555	$154.68 Million
Cartesian Growth Corporation II Class A Ordinary Shares NASDAQ:RENE	$154.70 Million
Apex Frozen Foods Limited NSE:APEX	$154.70 Million
Orthocell Ltd AU:OCC	$154.53 Million
Samindo Resources Tbk JK:MYOH	$154.49 Million
Whitestone Group BR:ROCK	$154.40 Million
Imarketkorea KO:122900	$154.38 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 2024 to 2025, total equity changed from 189,848,000 to 193,316,000, a change of 3,468,000 (1.8%).
Net income of 21,497,000 contributed positively to equity growth.
Dividend payments of 8,065,000 reduced retained earnings.
New share issuances of 366,000 increased equity.
Other factors decreased equity by 10,330,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM21.50 Million	+11.12%
Dividends Paid	RM8.06 Million	-4.17%
Share Issuances	RM366.00K	+0.19%
Other Changes	RM-10.33 Million	-5.34%
Total Change	RM-	1.83%

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: 3.10x
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 1.34x to 3.10x 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	RM1.48	x
2017-12-31	RM1.26	RM1.48	x
2018-12-31	RM1.32	RM1.48	x
2019-12-31	RM1.21	RM1.48	x
2020-12-31	RM0.89	RM1.48	x
2021-12-31	RM1.03	RM1.48	x
2022-12-31	RM1.13	RM1.48	x
2023-12-31	RM0.40	RM1.48	x
2024-12-31	RM0.47	RM1.48	x
2025-12-31	RM0.48	RM1.48	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): 11.12%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.89%
• Asset Turnover: 0.80x
• Equity Multiplier: 2.35x
Recent ROE (11.12%) is above the historical average (6.91%), indicating improving 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
2025	11.12%	5.89%	0.80x	2.35x	RM2.17 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: $207,164,209
Average return on equity (ROE) among peers: 9.15%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ge Shen Corporation Bhd (7197)	RM193.32 Million	17.89%	1.35x	$154.55 Million
Mestron Holdings (0207)	$140.91 Million	4.80%	0.54x	$34.93 Million
Volcano Bhd (0232)	$67.65 Million	7.07%	0.10x	$14.14 Million
CEKD Bhd (0238)	$69.24 Million	7.26%	0.42x	$13.68 Million
Coraza Integrated Technology Bhd (0240)	$29.25 Million	27.40%	1.03x	$116.63 Million
SFP Tech Holdings Bhd (0251)	$37.43 Million	28.13%	0.77x	$135.58 Million
Wentel Engineering Holdings Berhad (0298)	$87.70 Million	23.35%	0.23x	$72.18 Million
Seremban Engineering Bhd (5163)	$44.00 Million	-43.18%	2.39x	$13.30 Million
Uwc Bhd (5292)	$74.43 Million	19.97%	0.83x	$1.63 Billion
APB Resources Bhd (5568)	$193.00 Million	9.33%	0.16x	$6.08 Million
Kumpulan Perangsang Selangor (5843)	$1.33 Billion	7.36%	0.38x	$76.90 Million

About Ge Shen Corporation Bhd

KLSE:7197 Malaysia Metal Fabrication

Market Cap

$154.55 Million

RM615.59 Million MYR

Market Cap Rank

#17653 Global

#254 in Malaysia

Share Price

RM1.48

Change (1 day)

+0.00%

52-Week Range

RM1.48 - RM1.67

All Time High

RM5.10