Central Industrial Corp (8052) - Net Assets
Based on the latest financial reports, Central Industrial Corp (8052) has net assets worth RM148.64 Million MYR (≈ $37.32 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 (RM469.78 Million ≈ $117.95 Million USD) and total liabilities (RM321.14 Million ≈ $80.63 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 Central Industrial Corp PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM148.64 Million |
| % of Total Assets | 31.64% |
| Annual Growth Rate | 5.52% |
| 5-Year Change | 150.25% |
| 10-Year Change | 155.41% |
| Growth Volatility | 27.46 |
Central Industrial Corp - Net Assets Trend (2012–2024)
This chart illustrates how Central Industrial Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 8052 stock market capitalisation.
Annual Net Assets for Central Industrial Corp (2012–2024)
The table below shows the annual net assets of Central Industrial Corp from 2012 to 2024. Also explore Central Industrial Corp annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM112.38 Million ≈ $28.22 Million |
+30.78% |
| 2023-12-31 | RM85.93 Million ≈ $21.57 Million |
-6.60% |
| 2022-12-31 | RM92.00 Million ≈ $23.10 Million |
+88.94% |
| 2021-12-31 | RM48.70 Million ≈ $12.23 Million |
+8.44% |
| 2020-12-31 | RM44.91 Million ≈ $11.27 Million |
-6.38% |
| 2019-12-31 | RM47.97 Million ≈ $12.04 Million |
-1.25% |
| 2018-12-31 | RM48.58 Million ≈ $12.20 Million |
-8.45% |
| 2017-12-31 | RM53.06 Million ≈ $13.32 Million |
+16.96% |
| 2016-12-31 | RM45.36 Million ≈ $11.39 Million |
+3.10% |
| 2015-12-31 | RM44.00 Million ≈ $11.05 Million |
-21.43% |
| 2014-12-31 | RM56.00 Million ≈ $14.06 Million |
-5.08% |
| 2013-12-31 | RM59.00 Million ≈ $14.81 Million |
0.00% |
| 2012-12-31 | RM59.00 Million ≈ $14.81 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Central Industrial Corp'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 decreased by 5603898000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM168.44 Million | 149.88% |
| Other Components | RM395.73K | 0.35% |
| Total Equity | RM112.38 Million | 100.00% |
Central Industrial Corp Competitors by Market Cap
The table below lists competitors of Central Industrial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NETFONDS AG VNA O.N.
F:NF4
|
$182.90 Million |
|
Zanlakol Ltd
TA:ZNKL
|
$182.99 Million |
|
INKEVERSE GROUP DL-001
F:5IK
|
$183.09 Million |
|
Osisko Metals Inc
V:OM
|
$183.11 Million |
|
Mediantechn
PA:ALMDT
|
$182.87 Million |
|
Adel Kalemcilik Ticaret ve Sanayi AS
IS:ADEL
|
$182.76 Million |
|
Schaffer Corporation Ltd
AU:SFC
|
$182.71 Million |
|
Newmax Technology Co Ltd
TWO:3630
|
$182.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Central Industrial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,931,010 to 112,381,000, a change of 26,449,990 (30.8%).
- Net income of 7,584,220 contributed positively to equity growth.
- Share repurchases of 18,941,510 reduced equity.
- New share issuances of 12,091,000 increased equity.
- Other factors increased equity by 25,716,280.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.58 Million | +6.75% |
| Share Repurchases | RM18.94 Million | -16.85% |
| Share Issuances | RM12.09 Million | +10.76% |
| Other Changes | RM25.72 Million | +22.88% |
| Total Change | RM- | 30.78% |
Book Value vs Market Value Analysis
This analysis compares Central Industrial Corp'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: 6.12x
- 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 1.58x to 6.12x 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 | RM0.55 | RM0.87 | x |
| 2017-12-31 | RM0.59 | RM0.87 | x |
| 2018-12-31 | RM0.54 | RM0.87 | x |
| 2019-12-31 | RM0.53 | RM0.87 | x |
| 2020-12-31 | RM0.50 | RM0.87 | x |
| 2021-12-31 | RM0.48 | RM0.87 | x |
| 2022-12-31 | RM0.65 | RM0.87 | x |
| 2023-12-31 | RM0.12 | RM0.87 | x |
| 2024-12-31 | RM0.14 | RM0.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Central Industrial Corp 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): 6.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.41%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 3.27x
- Recent ROE (6.75%) is above the historical average (-6.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.62% | 2.12% | 1.07x | 1.16x | RM-3.35 Million |
| 2017 | 6.59% | 5.58% | 1.07x | 1.10x | RM-1.81 Million |
| 2018 | -7.42% | -4.32% | 1.01x | 1.70x | RM-8.46 Million |
| 2019 | -1.27% | -0.53% | 1.34x | 1.78x | RM-5.41 Million |
| 2020 | -6.38% | -2.43% | 1.37x | 1.91x | RM-7.36 Million |
| 2021 | -14.57% | -6.63% | 1.03x | 2.14x | RM-11.96 Million |
| 2022 | 8.12% | 3.54% | 1.11x | 2.06x | RM-1.73 Million |
| 2023 | -48.95% | -19.24% | 0.92x | 2.76x | RM-50.65 Million |
| 2024 | 6.75% | 2.41% | 0.86x | 3.27x | RM-3.65 Million |
Industry Comparison
This section compares Central Industrial Corp's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $300,699,808
- Average return on equity (ROE) among peers: 5.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Central Industrial Corp (8052) | RM148.64 Million | 2.62% | 2.16x | $182.89 Million |
| Karyon Industries Bhd (0054) | $77.70 Million | 11.46% | 0.18x | $20.30 Million |
| Sersol Bhd (0055) | $16.15 Million | -4.75% | 0.25x | $8.08 Million |
| ES Ceramics Technology Bhd (0100) | $50.39 Million | 1.56% | 0.11x | $33.73 Million |
| Asia Poly Holdings Bhd (0105) | $79.12 Million | -5.84% | 0.32x | $25.15 Million |
| Dpi Holdings Berhad (0205) | $26.57 Million | 27.93% | 0.62x | $19.25 Million |
| Comfort Gloves Bhd (2127) | $869.71 Million | -4.23% | 0.11x | $21.08 Million |
| Hexza Corporation Bhd (3298) | $222.00 Million | 3.60% | 0.13x | $56.27 Million |
| Ancom Berhad (4758) | $303.31 Million | 5.76% | 2.77x | $228.17 Million |
| Paos Holdings Bhd (5022) | $91.40 Million | -1.26% | 0.14x | $12.74 Million |
| Hartalega Holdings Bhd (5168) | $1.27 Billion | 16.51% | 0.15x | $829.84 Million |
About Central Industrial Corp
Central Global Berhad, an investment holding company, engages in construction activities in Malaysia, rest of Asia, Australia, the United States, Europe, and internationally. The company operates through Manufacturing and Trading; Construction Contracts; and Others segments. It constructs residential buildings, public infrastructure, and other engineering projects; operates as a building, general… Read more