Sime Darby Property Berhad
Sime Darby Property Berhad, an investment holding company, engages in the property development business in Malaysia, Singapore, and the United Kingdom. It operates through three segments: Property Development, Investment, and Asset Management and Leisure. It develops residential, commercial, and industrial properties; leases properties; and provides assets management services, as well as offers g… Read more
Sime Darby Property Berhad (SIMEF) - Net Assets
Latest net assets as of December 2025: $10.76 Billion USD
Based on the latest financial reports, Sime Darby Property Berhad (SIMEF) has net assets worth $10.76 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.58 Billion) and total liabilities ($7.81 Billion). 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 | $10.76 Billion |
| % of Total Assets | 57.94% |
| Annual Growth Rate | 9.75% |
| 5-Year Change | 15.42% |
| 10-Year Change | 8.78% |
| Growth Volatility | 22.65 |
Sime Darby Property Berhad - Net Assets Trend (2013–2025)
This chart illustrates how Sime Darby Property Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sime Darby Property Berhad (2013–2025)
The table below shows the annual net assets of Sime Darby Property Berhad from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.76 Billion | +2.55% |
| 2024-12-31 | $10.50 Billion | +2.08% |
| 2023-12-31 | $10.28 Billion | +6.62% |
| 2022-12-31 | $9.64 Billion | +3.41% |
| 2021-12-31 | $9.33 Billion | +0.40% |
| 2020-12-31 | $9.29 Billion | -6.64% |
| 2019-12-31 | $9.95 Billion | +5.33% |
| 2018-12-31 | $9.45 Billion | -5.26% |
| 2017-12-31 | $9.97 Billion | +0.76% |
| 2016-12-31 | $9.90 Billion | +79.65% |
| 2015-12-31 | $5.51 Billion | +25.89% |
| 2014-12-31 | $4.38 Billion | +24.19% |
| 2013-12-31 | $3.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sime Darby Property Berhad'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 412.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.63 Billion | 34.46% |
| Common Stock | $6.79 Billion | 64.46% |
| Other Comprehensive Income | $86.67 Million | 0.82% |
| Other Components | $27.19 Million | 0.26% |
| Total Equity | $10.53 Billion | 100.00% |
Sime Darby Property Berhad Competitors by Market Cap
The table below lists competitors of Sime Darby Property Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Melco Resorts & Entertainment Ltd
NASDAQ:MLCO
|
$2.21 Billion |
|
BaoViet Holdings
VN:BVH
|
$2.21 Billion |
|
NORTHERN OIL A.GAS DL-001
F:4LT1
|
$2.21 Billion |
|
UNO Minda Limited
NSE:UNOMINDA
|
$2.21 Billion |
|
Signify N.V
PINK:SFFYF
|
$2.21 Billion |
|
Ocado Group plc
PINK:OCDDY
|
$2.21 Billion |
|
BANCFIRST CORP. DL 1
F:BF1
|
$2.21 Billion |
|
Barito Pacific Tbk
JK:BRPT
|
$2.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sime Darby Property Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,265,638,000 to 10,526,865,064, a change of 261,227,064 (2.5%).
- Net income of 516,590,537 contributed positively to equity growth.
- Dividend payments of 203,572,242 reduced retained earnings.
- Other comprehensive income increased equity by 86,669,812.
- Other factors decreased equity by 138,461,043.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $516.59 Million | +4.91% |
| Dividends Paid | $203.57 Million | -1.93% |
| Other Comprehensive Income | $86.67 Million | +0.82% |
| Other Changes | $-138.46 Million | -1.32% |
| Total Change | $- | 2.54% |
Book Value vs Market Value Analysis
This analysis compares Sime Darby Property Berhad'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: 0.21x
- 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 0.52x to 0.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.63 | $0.33 | x |
| 2015-12-31 | $0.78 | $0.33 | x |
| 2016-12-31 | $1.42 | $0.33 | x |
| 2017-12-31 | $1.69 | $0.33 | x |
| 2018-12-31 | $1.35 | $0.33 | x |
| 2019-12-31 | $1.43 | $0.33 | x |
| 2020-12-31 | $1.34 | $0.33 | x |
| 2021-12-31 | $1.34 | $0.33 | x |
| 2022-12-31 | $1.40 | $0.33 | x |
| 2023-12-31 | $1.48 | $0.33 | x |
| 2024-12-31 | $1.51 | $0.33 | x |
| 2025-12-31 | $1.55 | $0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sime Darby Property Berhad 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): 4.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.37%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.76x
- Recent ROE (4.91%) is above the historical average (4.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.52% | 19.05% | 0.29x | 2.65x | $192.84 Million |
| 2015 | 16.37% | 33.71% | 0.20x | 2.43x | $339.84 Million |
| 2016 | 6.48% | 24.33% | 0.18x | 1.50x | $-338.95 Million |
| 2017 | 6.56% | 27.20% | 0.16x | 1.47x | $-334.97 Million |
| 2018 | -6.92% | -25.11% | 0.17x | 1.64x | $-1.56 Billion |
| 2019 | 6.16% | 18.82% | 0.21x | 1.59x | $-373.64 Million |
| 2020 | -5.66% | -25.00% | 0.14x | 1.64x | $-1.43 Billion |
| 2021 | 1.61% | 6.62% | 0.15x | 1.67x | $-767.25 Million |
| 2022 | 3.32% | 11.52% | 0.18x | 1.60x | $-636.13 Million |
| 2023 | 4.06% | 11.87% | 0.22x | 1.58x | $-597.80 Million |
| 2024 | 4.89% | 11.81% | 0.26x | 1.61x | $-524.36 Million |
| 2025 | 4.91% | 12.37% | 0.22x | 1.76x | $-536.10 Million |
Industry Comparison
This section compares Sime Darby Property Berhad's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $8,708,016,178
- Average return on equity (ROE) among peers: -18.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sime Darby Property Berhad (SIMEF) | $10.76 Billion | 14.52% | 0.73x | $2.21 Billion |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $29.20 Million | -17.09% | 0.67x | $7.53 Million |
| Autris (AUTR) | $-56.91K | 0.00% | 0.00x | $1.57K |
| AMREP Corporation (AXR) | $127.47 Million | 9.98% | 0.05x | $80.48 Million |
| Ayala Land Inc (AYAAF) | $50.75 Billion | 8.64% | 0.64x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $124.43K | -208.38% | 2.27x | $1.00 |
| Beijing North Star Company Limited (BEIJF) | $8.81 Billion | 5.10% | 1.91x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $25.08 Billion | 15.75% | 1.41x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $354.40 Million | 7.00% | 0.52x | $141.49 Million |
| Century Communities Inc (CCS) | $1.06 Billion | 10.64% | 1.35x | $1.45 Billion |