Lysaght Galvanized Steel Bhd
Lysaght Galvanized Steel Berhad engages in manufacturing and selling galvanized steel products in Malaysia, Singapore, New Zealand, the United Arab Emirates, and internationally. The company is involved in trade of galvanized steel poles, masts, galvanized lighting columns and high masts, gantries, transmission and telecommunication towers, power poles and general lattice structures, and other re… Read more
Lysaght Galvanized Steel Bhd (9199) - Net Assets
Latest net assets as of June 2025: RM172.21 Million MYR
Based on the latest financial reports, Lysaght Galvanized Steel Bhd (9199) has net assets worth RM172.21 Million MYR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM180.42 Million) and total liabilities (RM8.21 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 | RM172.21 Million |
| % of Total Assets | 95.45% |
| Annual Growth Rate | 4.24% |
| 5-Year Change | 9.14% |
| 10-Year Change | 44.84% |
| Growth Volatility | 7.68 |
Lysaght Galvanized Steel Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Lysaght Galvanized Steel 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 Lysaght Galvanized Steel Bhd (2012–2024)
The table below shows the annual net assets of Lysaght Galvanized Steel Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM169.46 Million | -5.61% |
| 2023-12-31 | RM179.54 Million | +6.84% |
| 2022-12-31 | RM168.04 Million | +5.76% |
| 2021-12-31 | RM158.89 Million | +2.33% |
| 2020-12-31 | RM155.27 Million | +0.61% |
| 2019-12-31 | RM154.33 Million | +4.24% |
| 2018-12-31 | RM148.05 Million | +4.62% |
| 2017-12-31 | RM141.51 Million | +11.40% |
| 2016-12-31 | RM127.03 Million | +8.57% |
| 2015-12-31 | RM117.00 Million | +17.00% |
| 2014-12-31 | RM100.00 Million | -13.04% |
| 2013-12-31 | RM115.00 Million | +11.65% |
| 2012-12-31 | RM103.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lysaght Galvanized Steel 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 41.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM120.75 Million | 71.26% |
| Other Components | RM48.71 Million | 28.74% |
| Total Equity | RM169.46 Million | 100.00% |
Lysaght Galvanized Steel Bhd Competitors by Market Cap
The table below lists competitors of Lysaght Galvanized Steel Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maral Overseas Limited
NSE:MARALOVER
|
$3.95 Million |
|
EUROCINE VACCINES NAM.
F:8X4
|
$3.95 Million |
|
GI Group Poland S.A.
WAR:GIG
|
$3.95 Million |
|
Arihant Foundations & Housing Limited
NSE:ARIHANT
|
$3.95 Million |
|
Banco Actinver S.A. Institución de Banca Múltiple Grupo Financiero Actinver
MX:FNOVA17
|
$3.95 Million |
|
Kioson Komersial Indonesia Tbk PT
JK:KIOS
|
$3.95 Million |
|
DIGIDRIVE DISTRIBUTORS LTD
NSE:DIGIDRIVE
|
$3.95 Million |
|
RMG Acquisition Corp. III
NASDAQ:RMGCF
|
$3.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lysaght Galvanized Steel Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 179,542,624 to 169,464,912, a change of -10,077,712 (-5.6%).
- Net income of 12,688,420 contributed positively to equity growth.
- Dividend payments of 19,958,400 reduced retained earnings.
- Other factors decreased equity by 2,807,732.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM12.69 Million | +7.49% |
| Dividends Paid | RM19.96 Million | -11.78% |
| Other Changes | RM-2.81 Million | -1.66% |
| Total Change | RM- | -5.61% |
Book Value vs Market Value Analysis
This analysis compares Lysaght Galvanized Steel 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: 0.56x
- 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 0.75x to 0.56x 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 | RM3.06 | RM2.30 | x |
| 2017-12-31 | RM3.40 | RM2.30 | x |
| 2018-12-31 | RM3.56 | RM2.30 | x |
| 2019-12-31 | RM3.71 | RM2.30 | x |
| 2020-12-31 | RM3.73 | RM2.30 | x |
| 2021-12-31 | RM3.82 | RM2.30 | x |
| 2022-12-31 | RM4.04 | RM2.30 | x |
| 2023-12-31 | RM4.32 | RM2.30 | x |
| 2024-12-31 | RM4.08 | RM2.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lysaght Galvanized Steel 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): 7.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.43%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.05x
- Recent ROE (7.49%) is above the historical average (6.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.79% | 22.90% | 0.48x | 1.07x | RM2.27 Million |
| 2017 | 12.63% | 19.69% | 0.60x | 1.07x | RM3.73 Million |
| 2018 | 6.21% | 13.54% | 0.44x | 1.04x | RM-5.61 Million |
| 2019 | 5.91% | 12.02% | 0.47x | 1.06x | RM-6.31 Million |
| 2020 | 1.98% | 5.59% | 0.34x | 1.04x | RM-12.46 Million |
| 2021 | 2.15% | 5.94% | 0.35x | 1.05x | RM-12.47 Million |
| 2022 | 4.22% | 10.07% | 0.40x | 1.04x | RM-9.71 Million |
| 2023 | 6.27% | 13.34% | 0.45x | 1.04x | RM-6.71 Million |
| 2024 | 7.49% | 13.43% | 0.53x | 1.05x | RM-4.26 Million |
Industry Comparison
This section compares Lysaght Galvanized Steel Bhd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $379,394,660
- Average return on equity (ROE) among peers: 5.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lysaght Galvanized Steel Bhd (9199) | RM172.21 Million | 11.79% | 0.05x | $3.95 Million |
| Tashin Holdings Bhd (0211) | $105.52 Million | 3.94% | 0.78x | $3.14 Million |
| LEFORM (0266) | $169.81 Million | 26.25% | 1.30x | $10.26 Million |
| Minox International Group Berhad (0288) | $49.43 Million | 20.85% | 0.61x | $2.59 Million |
| TSA (0297) | $150.04 Million | 26.76% | 0.61x | $3.80 Million |
| Hydropipes Industries Sdn. Bhd. (03060) | $8.17 Million | 0.00% | 0.21x | $658.12 |
| BWYS Group Berhad (0313) | $217.83 Million | 3.52% | 0.84x | $7.21 Million |
| Colform Group Berhad (0341) | $83.84 Million | 16.50% | 0.18x | $571.81 |
| Saliran Group Berhad (0346) | $20.32 Million | 29.30% | 4.29x | $2.86 Million |
| Melewar Industrial Group Bhd (3778) | $322.00 Million | -66.77% | 3.42x | $5.14 Million |
| Lion Industries Corporation Bhd (4235) | $2.67 Billion | -9.56% | 0.60x | $10.02 Million |