Lee Swee Kiat Group Bhd (8079) - Net Assets
Based on the latest financial reports, Lee Swee Kiat Group Bhd (8079) has net assets worth RM77.71 Million MYR (≈ $19.51 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM114.74 Million ≈ $28.81 Million USD) and total liabilities (RM37.03 Million ≈ $9.30 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 Lee Swee Kiat Group Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM77.71 Million |
| % of Total Assets | 67.73% |
| Annual Growth Rate | 9.84% |
| 5-Year Change | 37.45% |
| 10-Year Change | 116.63% |
| Growth Volatility | 4.15 |
Lee Swee Kiat Group Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Lee Swee Kiat Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Lee Swee Kiat Group Bhd for the complete picture of this company's asset base.
Annual Net Assets for Lee Swee Kiat Group Bhd (2012–2024)
The table below shows the annual net assets of Lee Swee Kiat Group Bhd from 2012 to 2024. For live valuation and market cap data, see Lee Swee Kiat Group Bhd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM80.15 Million ≈ $20.12 Million |
+4.87% |
| 2023-12-31 | RM76.43 Million ≈ $19.19 Million |
+11.70% |
| 2022-12-31 | RM68.43 Million ≈ $17.18 Million |
+10.63% |
| 2021-12-31 | RM61.85 Million ≈ $15.53 Million |
+6.07% |
| 2020-12-31 | RM58.32 Million ≈ $14.64 Million |
+3.13% |
| 2019-12-31 | RM56.54 Million ≈ $14.20 Million |
+7.61% |
| 2018-12-31 | RM52.55 Million ≈ $13.19 Million |
+15.58% |
| 2017-12-31 | RM45.47 Million ≈ $11.41 Million |
+7.65% |
| 2016-12-31 | RM42.23 Million ≈ $10.60 Million |
+14.14% |
| 2015-12-31 | RM37.00 Million ≈ $9.29 Million |
+15.63% |
| 2014-12-31 | RM32.00 Million ≈ $8.03 Million |
+14.29% |
| 2013-12-31 | RM28.00 Million ≈ $7.03 Million |
+7.69% |
| 2012-12-31 | RM26.00 Million ≈ $6.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lee Swee Kiat Group 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 116.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM54.97 Million | 68.58% |
| Common Stock | RM16.78 Million | 20.94% |
| Other Components | RM8.40 Million | 10.49% |
| Total Equity | RM80.15 Million | 100.00% |
Lee Swee Kiat Group Bhd Competitors by Market Cap
The table below lists competitors of Lee Swee Kiat Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Matching Maximize Solution Public Company Limited
BK:MATCH
|
$20.22 Million |
|
Starr Peak Exploration Ltd
V:STE
|
$20.22 Million |
|
Silverline Endustri ve Ticaret AS
IS:SILVR
|
$20.22 Million |
|
Vow Green Metals AS
OL:VGM
|
$20.23 Million |
|
Puncak Niaga Holdings Bhd
KLSE:6807
|
$20.21 Million |
|
Antec Inc
TWO:6276
|
$20.21 Million |
|
RONSHINE CH.HLD.HD-00001
F:1R7
|
$20.20 Million |
|
PC Direct Inc
KQ:051380
|
$20.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lee Swee Kiat Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 76,430,000 to 80,153,000, a change of 3,723,000 (4.9%).
- Net income of 9,403,000 contributed positively to equity growth.
- Dividend payments of 5,687,000 reduced retained earnings.
- Share repurchases of 50,000 reduced equity.
- New share issuances of 5,816,000 increased equity.
- Other factors decreased equity by 5,759,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM9.40 Million | +11.73% |
| Dividends Paid | RM5.69 Million | -7.1% |
| Share Repurchases | RM50.00K | -0.06% |
| Share Issuances | RM5.82 Million | +7.26% |
| Other Changes | RM-5.76 Million | -7.19% |
| Total Change | RM- | 4.87% |
Book Value vs Market Value Analysis
This analysis compares Lee Swee Kiat Group 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: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.27x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.25 | RM0.32 | x |
| 2017-12-31 | RM0.28 | RM0.32 | x |
| 2018-12-31 | RM0.32 | RM0.32 | x |
| 2019-12-31 | RM0.35 | RM0.32 | x |
| 2020-12-31 | RM0.36 | RM0.32 | x |
| 2021-12-31 | RM0.38 | RM0.32 | x |
| 2022-12-31 | RM0.42 | RM0.32 | x |
| 2023-12-31 | RM0.30 | RM0.32 | x |
| 2024-12-31 | RM0.32 | RM0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lee Swee Kiat Group 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): 11.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.90%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 1.50x
- Recent ROE (11.73%) is below the historical average (14.27%), 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 | 12.40% | 8.15% | 0.91x | 1.66x | RM1.01 Million |
| 2017 | 13.27% | 8.05% | 0.99x | 1.66x | RM1.49 Million |
| 2018 | 19.50% | 10.24% | 1.18x | 1.62x | RM4.99 Million |
| 2019 | 14.28% | 7.94% | 1.06x | 1.70x | RM2.42 Million |
| 2020 | 11.28% | 6.81% | 1.02x | 1.63x | RM744.40K |
| 2021 | 12.26% | 7.25% | 1.02x | 1.65x | RM1.40 Million |
| 2022 | 15.85% | 8.40% | 1.13x | 1.67x | RM4.00 Million |
| 2023 | 17.86% | 10.69% | 1.08x | 1.54x | RM6.01 Million |
| 2024 | 11.73% | 6.90% | 1.13x | 1.50x | RM1.39 Million |
Industry Comparison
This section compares Lee Swee Kiat Group Bhd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $239,056,312
- Average return on equity (ROE) among peers: 21.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lee Swee Kiat Group Bhd (8079) | RM77.71 Million | 12.40% | 0.48x | $20.22 Million |
| Wegmans Holdings Berhad (0197) | $24.49 Million | 62.47% | 1.55x | $12.32 Million |
| Spring Art Holdings Bhd (0216) | $77.63 Million | 7.43% | 0.28x | $12.52 Million |
| Mobilia Holdings Bhd (0229) | $32.23 Million | 26.85% | 1.30x | $15.64 Million |
| Ecomate Holdings Bhd (0239) | $43.19 Million | 3.49% | 0.59x | $152.81 Million |
| Synergy House Berhad (0279) | $20.19 Million | 59.96% | 3.30x | $24.48 Million |
| Topmix Berhad (0302) | $30.10 Million | 28.33% | 1.00x | $46.97 Million |
| FACB Industries Incorporated (2984) | $215.81 Million | -1.29% | 0.10x | $35.38 Million |
| Panasonic Manufacture Malaysia (3719) | $776.99 Million | 5.94% | 0.15x | $110.72 Million |
| Evergreen Fibreboard Bhd (5101) | $1.04 Billion | 3.31% | 0.37x | $27.57 Million |
| Homeritz Corporation Bhd (5160) | $132.44 Million | 23.32% | 0.14x | $45.50 Million |
About Lee Swee Kiat Group Bhd
Lee Swee Kiat Group Berhad, an investment holding company, engages in manufacturing, retail, trading, and distribution of mattresses and bedding accessories primarily in Malaysia. It also offers laminated foam, polyurethane foam, natural latex foam, sofas, latex bedding, and household furniture and related products. The company operates a retail store under International Brands Gallery"IBG for er… Read more