Kein Hing International Bhd
Kein Hing International Berhad, together with its subsidiaries, engages in sheet metal forming, precision machining, and component assembly services for the components and devices, home appliances, automotive, electrical, and audio-visual industries. It operates through Manufacturing, Trading, and Investment Holding segments. The company also manufactures, sells, and trades in gas appliances; and… Read more
Kein Hing International Bhd (7199) - Net Assets
Latest net assets as of October 2025: RM189.08 Million MYR
Based on the latest financial reports, Kein Hing International Bhd (7199) has net assets worth RM189.08 Million MYR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM289.06 Million) and total liabilities (RM99.98 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 | RM189.08 Million |
| % of Total Assets | 65.41% |
| Annual Growth Rate | 5.71% |
| 5-Year Change | 44.52% |
| 10-Year Change | 78.62% |
| Growth Volatility | 6.54 |
Kein Hing International Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Kein Hing International 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 Kein Hing International Bhd (2013–2025)
The table below shows the annual net assets of Kein Hing International Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | RM179.15 Million | -4.96% |
| 2024-04-30 | RM188.49 Million | +16.96% |
| 2023-04-30 | RM161.16 Million | +14.72% |
| 2022-04-30 | RM140.48 Million | +13.32% |
| 2021-04-30 | RM123.96 Million | +8.30% |
| 2020-04-30 | RM114.46 Million | +2.58% |
| 2019-04-30 | RM111.58 Million | +5.80% |
| 2018-04-30 | RM105.46 Million | -2.40% |
| 2017-04-30 | RM108.06 Million | +7.74% |
| 2016-04-30 | RM100.29 Million | -0.70% |
| 2015-04-30 | RM101.00 Million | +6.32% |
| 2014-04-30 | RM95.00 Million | +3.26% |
| 2013-04-30 | RM92.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kein Hing International 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 145.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM124.70 Million | 69.61% |
| Common Stock | RM54.45 Million | 30.39% |
| Total Equity | RM179.15 Million | 100.00% |
Kein Hing International Bhd Competitors by Market Cap
The table below lists competitors of Kein Hing International Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Roctool
PA:ALROC
|
$4.69 Million |
|
Accustem Sciences Inc
OTCQB:ACUT
|
$4.69 Million |
|
Diamond Estates Wines & Spirits Inc
PINK:DWWEF
|
$4.69 Million |
|
Hanover House Inc.
PINK:HHSE
|
$4.69 Million |
|
Aages SA
RO:AAG
|
$4.68 Million |
|
Lee Swee Kiat Group Bhd
KLSE:8079
|
$4.68 Million |
|
Copper Quest Exploration Inc.
F:3MX0
|
$4.68 Million |
|
Southern Banc Company Inc
PINK:SRNN
|
$4.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kein Hing International Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 174,766,397 to 179,146,050, a change of 4,379,653 (2.5%).
- Net income of 12,134,170 contributed positively to equity growth.
- Dividend payments of 2,722,500 reduced retained earnings.
- Other factors decreased equity by 5,032,017.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM12.13 Million | +6.77% |
| Dividends Paid | RM2.72 Million | -1.52% |
| Other Changes | RM-5.03 Million | -2.81% |
| Total Change | RM- | 2.51% |
Book Value vs Market Value Analysis
This analysis compares Kein Hing International 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: 0.77x
- 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 1.27x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-04-30 | RM0.99 | RM1.26 | x |
| 2018-04-30 | RM0.97 | RM1.26 | x |
| 2019-04-30 | RM1.02 | RM1.26 | x |
| 2020-04-30 | RM1.05 | RM1.26 | x |
| 2021-04-30 | RM1.14 | RM1.26 | x |
| 2022-04-30 | RM1.29 | RM1.26 | x |
| 2023-04-30 | RM1.48 | RM1.26 | x |
| 2024-04-30 | RM1.60 | RM1.26 | x |
| 2025-04-30 | RM1.65 | RM1.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kein Hing International 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): 6.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.70%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 1.62x
- Recent ROE (6.77%) is below the historical average (7.30%), 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 | 9.30% | 4.30% | 1.04x | 2.07x | RM-704.60K |
| 2017 | 6.52% | 3.21% | 0.99x | 2.05x | RM-3.76 Million |
| 2018 | 1.66% | 0.74% | 1.10x | 2.06x | RM-8.79 Million |
| 2019 | 3.17% | 1.50% | 1.16x | 1.82x | RM-7.62 Million |
| 2020 | 2.28% | 1.29% | 1.03x | 1.71x | RM-8.84 Million |
| 2021 | 9.59% | 4.70% | 1.12x | 1.82x | RM-506.00K |
| 2022 | 11.24% | 5.70% | 1.12x | 1.76x | RM1.74 Million |
| 2023 | 13.84% | 6.66% | 1.27x | 1.64x | RM6.19 Million |
| 2024 | 8.63% | 5.05% | 1.05x | 1.63x | RM-2.40 Million |
| 2025 | 6.77% | 3.70% | 1.13x | 1.62x | RM-5.78 Million |
Industry Comparison
This section compares Kein Hing International 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 |
|---|---|---|---|---|
| Kein Hing International Bhd (7199) | RM189.08 Million | 9.30% | 0.53x | $4.69 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 | $2.22 Million |
| Coraza Integrated Technology Bhd (0240) | $24.62 Million | 14.02% | 0.86x | $22.53 Million |
| SFP Tech Holdings Bhd (0251) | $197.22 Million | 19.84% | 0.48x | $15.02 Million |
| Wentel Engineering Holdings Berhad (0298) | $67.39 Million | 18.41% | 0.37x | $15.04 Million |
| Chemlite Innovation Berhad (0348) | $10.17 Million | 88.53% | 2.12x | $7.81 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 | $374.15 Million |
| APB Resources Bhd (5568) | $156.86 Million | -0.79% | 0.07x | $2.25 Million |