Sinmah Capital Bhd
Rivertree STF Synergies Berhad, an investment holding company, engages in the property development business in Malaysia. It operates through Housing development and Other business segments. The company develops and constructs residential and commercial properties. It is also involved in the property management; building construction; general trading and management; and healthcare related activiti… Read more
Sinmah Capital Bhd (9776) - Net Assets
Latest net assets as of September 2025: RM47.36 Million MYR
Based on the latest financial reports, Sinmah Capital Bhd (9776) has net assets worth RM47.36 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM69.54 Million) and total liabilities (RM22.18 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 | RM47.36 Million |
| % of Total Assets | 68.1% |
| Annual Growth Rate | -5.07% |
| 5-Year Change | -43.7% |
| 10-Year Change | -41.84% |
| Growth Volatility | 18.38 |
Sinmah Capital Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Sinmah Capital 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 Sinmah Capital Bhd (2012–2024)
The table below shows the annual net assets of Sinmah Capital Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM47.11 Million | -44.93% |
| 2023-12-31 | RM85.53 Million | -13.79% |
| 2022-12-31 | RM99.22 Million | -4.67% |
| 2021-12-31 | RM104.08 Million | +24.40% |
| 2020-12-31 | RM83.67 Million | -12.57% |
| 2019-12-31 | RM95.70 Million | -0.88% |
| 2018-12-31 | RM96.55 Million | -11.74% |
| 2017-12-31 | RM109.40 Million | +15.59% |
| 2016-12-31 | RM94.65 Million | +16.85% |
| 2015-12-31 | RM81.00 Million | -19.00% |
| 2014-12-31 | RM100.00 Million | +1.01% |
| 2013-12-31 | RM99.00 Million | +12.50% |
| 2012-12-31 | RM88.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinmah Capital 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 decreased by 1901100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM114.12 Million | 242.25% |
| Total Equity | RM47.11 Million | 100.00% |
Sinmah Capital Bhd Competitors by Market Cap
The table below lists competitors of Sinmah Capital Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goldspot Discoveries Corp
OTCQX:SPOFF
|
$11.19 Million |
|
GFM Services Bhd
KLSE:0039
|
$11.19 Million |
|
LITIUM AB SK1
F:5TW
|
$11.19 Million |
|
SURGEPAYS INC. DL-001
F:9B90
|
$11.19 Million |
|
STXYF
PINK:STXYF
|
$11.18 Million |
|
Treatment.Com International Inc
OTCQB:TREIF
|
$11.18 Million |
|
LSI Software S.A.
WAR:LSI
|
$11.18 Million |
|
Westgate Energy Inc.
V:WGT
|
$11.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinmah Capital Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,534,000 to 47,107,000, a change of -38,427,000 (-44.9%).
- Net loss of 41,769,000 reduced equity.
- Share repurchases of 3,342,000 reduced equity.
- New share issuances of 3,342,000 increased equity.
- Other factors increased equity by 3,342,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-41.77 Million | -88.67% |
| Share Repurchases | RM3.34 Million | -7.09% |
| Share Issuances | RM3.34 Million | +7.09% |
| Other Changes | RM3.34 Million | +7.09% |
| Total Change | RM- | -44.93% |
Book Value vs Market Value Analysis
This analysis compares Sinmah Capital 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: 2.90x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.28x to 2.90x 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 | RM0.32 | x |
| 2017-12-31 | RM1.29 | RM0.32 | x |
| 2018-12-31 | RM0.45 | RM0.32 | x |
| 2019-12-31 | RM0.45 | RM0.32 | x |
| 2020-12-31 | RM0.33 | RM0.32 | x |
| 2021-12-31 | RM0.32 | RM0.32 | x |
| 2022-12-31 | RM0.25 | RM0.32 | x |
| 2023-12-31 | RM0.22 | RM0.32 | x |
| 2024-12-31 | RM0.11 | RM0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinmah Capital 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): -88.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -127.75%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.65x
- Recent ROE (-88.67%) is below the historical average (-18.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -19.34% | -4.61% | 0.87x | 4.85x | RM-24.27 Million |
| 2016 | 12.61% | 3.47% | 1.00x | 3.63x | RM2.47 Million |
| 2017 | 13.74% | 5.02% | 1.09x | 2.52x | RM4.09 Million |
| 2018 | -40.58% | -21.65% | 1.22x | 1.54x | RM-48.83 Million |
| 2019 | -0.89% | -0.47% | 0.92x | 2.08x | RM-10.42 Million |
| 2020 | -26.45% | -19.40% | 0.66x | 2.06x | RM-30.50 Million |
| 2021 | -7.52% | -5.95% | 0.68x | 1.87x | RM-18.23 Million |
| 2022 | -13.49% | -15.42% | 0.69x | 1.26x | RM-23.31 Million |
| 2023 | -16.00% | -54.53% | 0.24x | 1.22x | RM-22.24 Million |
| 2024 | -88.67% | -127.75% | 0.42x | 1.65x | RM-46.48 Million |
Industry Comparison
This section compares Sinmah Capital Bhd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $67,521,143
- Average return on equity (ROE) among peers: 15.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinmah Capital Bhd (9776) | RM47.36 Million | -19.34% | 0.47x | $11.19 Million |
| Three A Resources Bhd (0012) | $69.82 Million | 14.48% | 0.75x | $21.07 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $13.06 Million |
| Bioalpha Holdings Bhd (0179) | $186.67 Million | -0.69% | 0.16x | $3.34 Million |
| Nova Wellness Group Bhd (0201) | $93.94 Million | 15.49% | 0.11x | $3.85 Million |
| SDS Group Bhd (0212) | $38.22 Million | 20.13% | 2.25x | $13.16 Million |
| PTRB (0260) | $36.06 Million | 33.90% | 1.62x | $6.42 Million |
| MYMBN Berhad (0280) | $35.86 Million | 2.72% | 0.27x | $8.98 Million |
| SBH Marine Holdings Berhad (0300) | $77.33 Million | 10.74% | 0.33x | $4.98 Million |
| Sik Cheong Berhad (0316) | $19.96 Million | 30.20% | 0.23x | $1.75 Million |
| OB Holdings Berhad (0327) | $20.10 Million | 23.44% | 0.52x | $3.03 Million |