Sinmah Capital Bhd (9776) - Net Assets

Latest as of September 2025: RM47.36 Million MYR ≈ $11.89 Million USD

Based on the latest financial reports, Sinmah Capital Bhd (9776) has net assets worth RM47.36 Million MYR (≈ $11.89 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 (RM69.54 Million ≈ $17.46 Million USD) and total liabilities (RM22.18 Million ≈ $5.57 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 9776 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

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. For live market cap and overall valuation, see 9776 market cap overview.

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. Also explore net asset momentum of Sinmah Capital Bhd to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	RM47.11 Million ≈ $11.83 Million	-44.93%
2023-12-31	RM85.53 Million ≈ $21.47 Million	-13.79%
2022-12-31	RM99.22 Million ≈ $24.91 Million	-4.67%
2021-12-31	RM104.08 Million ≈ $26.13 Million	+24.40%
2020-12-31	RM83.67 Million ≈ $21.01 Million	-12.57%
2019-12-31	RM95.70 Million ≈ $24.03 Million	-0.88%
2018-12-31	RM96.55 Million ≈ $24.24 Million	-11.74%
2017-12-31	RM109.40 Million ≈ $27.47 Million	+15.59%
2016-12-31	RM94.65 Million ≈ $23.76 Million	+16.85%
2015-12-31	RM81.00 Million ≈ $20.34 Million	-19.00%
2014-12-31	RM100.00 Million ≈ $25.11 Million	+1.01%
2013-12-31	RM99.00 Million ≈ $24.86 Million	+12.50%
2012-12-31	RM88.00 Million ≈ $22.09 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
Cokal Ltd AU:CKA	$41.99 Million
Aether Holdings, Inc. NASDAQ:ATHR	$41.99 Million
Vrancart Adjud RO:VNC	$42.00 Million
DT Cloud Star Acquisition Corporation Ordinary Shares NASDAQ:DTSQ	$42.01 Million
ANAX Metals Ltd AU:ANX	$41.95 Million
YATRA ONLINE DL-0001 F:26Y	$41.94 Million
OCR Group Bhd KLSE:7071	$41.94 Million
Bangkok Dec-Con Public Company Limited BK:BKD	$41.93 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: 3.23x
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 0.31x to 3.23x 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	RM0.35	x
2017-12-31	RM1.29	RM0.35	x
2018-12-31	RM0.45	RM0.35	x
2019-12-31	RM0.45	RM0.35	x
2020-12-31	RM0.33	RM0.35	x
2021-12-31	RM0.32	RM0.35	x
2022-12-31	RM0.25	RM0.35	x
2023-12-31	RM0.22	RM0.35	x
2024-12-31	RM0.11	RM0.35	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: $1,333,735,183
Average return on equity (ROE) among peers: 20.22%

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	$41.96 Million
Three A Resources Bhd (0012)	$136.24 Million	13.24%	0.43x	$92.73 Million
Sunzen Biotech Bhd (0148)	$106.94 Million	-6.49%	0.38x	$43.17 Million
Bioalpha Holdings Bhd (0179)	$135.44 Million	5.81%	0.14x	$7.06 Million
Nova Wellness Group Bhd (0201)	$17.74 Million	76.31%	0.49x	$28.01 Million
SDS Group Bhd (0212)	$64.60 Million	6.31%	1.26x	$57.44 Million
PTRB (0260)	$73.33 Million	28.79%	0.89x	$33.58 Million
MYMBN Berhad (0280)	$15.11 Million	28.61%	0.40x	$13.08 Million
SBH Marine Holdings Berhad (0300)	$128.35 Million	1.87%	0.36x	$37.90 Million
OB Holdings Berhad (0327)	$26.80 Million	35.71%	0.68x	$20.65 Million
IOI Corporation Bhd (1961)	$12.63 Billion	12.04%	0.44x	$7.73 Billion

About Sinmah Capital Bhd

KLSE:9776 Malaysia Packaged Foods

Market Cap

$41.96 Million

RM167.12 Million MYR

Market Cap Rank

#22644 Global

#519 in Malaysia

Share Price

RM0.35

Change (1 day)

+0.00%

52-Week Range

RM0.06 - RM0.41

All Time High

RM0.65