Leader Steel Holdings Bhd
Leader Steel Holdings Berhad, an investment holding company, manufactures, processes, and trades in steel and metal products, and minerals in Malaysia and China. It operates through Steel and Mineral segments. The company offers hot and cold rolled steel products, including steel pipes and tubes, hollow sections, flat and angle bars, U and C channels, etc., as well as trolley tracks, square bars,… Read more
Leader Steel Holdings Bhd (9881) - Net Assets
Latest net assets as of September 2025: RM339.25 Million MYR
Based on the latest financial reports, Leader Steel Holdings Bhd (9881) has net assets worth RM339.25 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 (RM442.36 Million) and total liabilities (RM103.11 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 | RM339.25 Million |
| % of Total Assets | 76.69% |
| Annual Growth Rate | 9.47% |
| 5-Year Change | 112.15% |
| 10-Year Change | 181.64% |
| Growth Volatility | 21.46 |
Leader Steel Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Leader Steel Holdings 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 Leader Steel Holdings Bhd (2012–2024)
The table below shows the annual net assets of Leader Steel Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM343.60 Million | -0.23% |
| 2023-12-31 | RM344.40 Million | +80.91% |
| 2022-12-31 | RM190.37 Million | +2.41% |
| 2021-12-31 | RM185.89 Million | +14.78% |
| 2020-12-31 | RM161.96 Million | +6.05% |
| 2019-12-31 | RM152.71 Million | +6.42% |
| 2018-12-31 | RM143.50 Million | +2.06% |
| 2017-12-31 | RM140.60 Million | +6.62% |
| 2016-12-31 | RM131.87 Million | +8.09% |
| 2015-12-31 | RM122.00 Million | +0.83% |
| 2014-12-31 | RM121.00 Million | +4.31% |
| 2013-12-31 | RM116.00 Million | 0.00% |
| 2012-12-31 | RM116.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leader Steel Holdings 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 5319.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM270.99 Million | 78.87% |
| Common Stock | RM75.03 Million | 21.84% |
| Total Equity | RM343.60 Million | 100.00% |
Leader Steel Holdings Bhd Competitors by Market Cap
The table below lists competitors of Leader Steel Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BoomBit S.A
WAR:BBT
|
$3.20 Million |
|
Aeris Environmental Ltd
AU:AEI
|
$3.20 Million |
|
Alumil Rom Industry SA
RO:ALU
|
$3.20 Million |
|
Alkaline Water Company Inc
PINK:WTER
|
$3.20 Million |
|
Global Food and Ingredients Ltd
PINK:PEASF
|
$3.19 Million |
|
InTiCa Systems AG
F:IS7
|
$3.19 Million |
|
Ameriwest Lithium Inc
PINK:AWLIF
|
$3.19 Million |
|
Llama Group S.A.
PA:ALLAM
|
$3.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leader Steel Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 344,396,990 to 343,600,660, a change of -796,330 (-0.2%).
- Net income of 2,239,760 contributed positively to equity growth.
- Dividend payments of 3,094,240 reduced retained earnings.
- Share repurchases of 58,150 reduced equity.
- New share issuances of 267,398 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM2.24 Million | +0.65% |
| Dividends Paid | RM3.09 Million | -0.9% |
| Share Repurchases | RM58.15K | -0.02% |
| Share Issuances | RM267.40K | +0.08% |
| Other Changes | RM-151.10K | -0.04% |
| Total Change | RM- | -0.23% |
Book Value vs Market Value Analysis
This analysis compares Leader Steel Holdings 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: 0.20x
- 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 0.43x to 0.20x 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 | RM1.04 | RM0.45 | x |
| 2017-12-31 | RM1.12 | RM0.45 | x |
| 2018-12-31 | RM1.16 | RM0.45 | x |
| 2019-12-31 | RM1.23 | RM0.45 | x |
| 2020-12-31 | RM1.20 | RM0.45 | x |
| 2021-12-31 | RM1.38 | RM0.45 | x |
| 2022-12-31 | RM1.42 | RM0.45 | x |
| 2023-12-31 | RM2.23 | RM0.45 | x |
| 2024-12-31 | RM2.22 | RM0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leader Steel Holdings 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): 0.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.03%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.34x
- Recent ROE (0.65%) is below the historical average (3.79%), 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 | -2.45% | -1.95% | 0.62x | 2.04x | RM-15.23 Million |
| 2016 | 5.12% | 4.03% | 0.68x | 1.86x | RM-6.44 Million |
| 2017 | 5.53% | 3.19% | 0.92x | 1.88x | RM-6.29 Million |
| 2018 | 3.48% | 1.76% | 0.99x | 2.01x | RM-9.36 Million |
| 2019 | -1.38% | -0.71% | 1.07x | 1.82x | RM-17.38 Million |
| 2020 | 3.85% | 2.86% | 0.85x | 1.59x | RM-9.96 Million |
| 2021 | 14.20% | 11.40% | 0.74x | 1.67x | RM7.81 Million |
| 2022 | 3.41% | 2.93% | 0.78x | 1.50x | RM-12.54 Million |
| 2023 | 5.51% | 9.87% | 0.41x | 1.35x | RM-15.46 Million |
| 2024 | 0.65% | 1.03% | 0.47x | 1.34x | RM-32.12 Million |
Industry Comparison
This section compares Leader Steel Holdings 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 |
|---|---|---|---|---|
| Leader Steel Holdings Bhd (9881) | RM339.25 Million | -2.45% | 0.30x | $3.20 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 |