1. Malaysia Stocks

  2. •

    Finance

  3. •

    Real estate development
S P Setia Bhd.

S P Setia Bhd.

MMYX:SPSETIA
0.70
MYR
+0.01
(+1.45%)
12.44P/E
Nov 25Next Earn
S P Setia Bhd.
MYX:SPSETIA
(Bursa Malaysia)

Recent

price

0.70

P/E

ratio

12.44

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
1.11
1.27
1.28
1.36
1.51
- -
1.83
1.29
0.94
0.98
0.8
0.93
1.09
1.06
1.12
0.84
0.83
Revenue per Share
0.16
0.19
0.2
0.17
0.15
- -
0.31
0.29
0.15
0.06
-0.11
0.04
0.03
0.05
0.1
0.09
0.08
Basic EPS, GAAP
0.05
0.36
0.31
0.3
0.06
- -
0.15
0.25
0.21
0.27
0.08
0.26
0.39
0.55
0.72
0.29
0.34
Free Cash Flow per Basic Share
0.07
0.1
0.1
0.11
0.04
- -
0.05
0.04
0.05
0.04
0.04
0.03
0.05
0.04
0.03
0.05
0.01
Dividend per Share
1.4
1.83
1.94
2.27
2.58
- -
3.1
3.26
3.01
3.02
2.92
2.96
2.96
2.9
2.66
2.7
2.68
Book Value per Share
1.4
1.83
1.93
2.27
2.57
- -
3.09
3.26
3
3.02
2.92
2.96
2.95
2.9
2.66
2.7
2.67
Tangible Book Value per Share
1,566
1,752
1,971
2,392
2,555
2,644
3,113
3,325
3,826
4,013
4,049
4,062
4,072
4,108
4,716
5,003
5,008
Basic Weighted Avg Shares
1,746
2,232
2,527
3,261
3,870
- -
5,711
4,288
3,594
3,929
3,228
3,763
4,454
4,374
5,294
4,218
4,151
Sales/Revenue/Turnover
19.49
16.22
20.48
19.11
18.8
- -
19.6
21.28
16.32
15.83
8.47
15.09
14.08
18.33
23.69
26.1
33.13
Operating Margin (%)
13
12
16
21
28
- -
34
23
25
29
30
30
35
40
46
40
- -
Depreciation Expense
252
328
394
418
388
- -
956
994
665
354
-321
284
304
299
576
510
472
Net Income, GAAP
23.92
25.12
31.7
26.42
33.28
- -
25.64
22.34
19.45
28.97
- -
35.97
35.8
45.54
43.79
37.72
38.42
Effective Tax Rate (%)
14.42
14.69
15.59
12.83
10.02
- -
16.74
23.18
18.51
9
-9.94
7.56
6.83
6.83
10.88
12.09
11.38
Profit Margin (%)
1,522
2,259
1,084
2,974
3,539
- -
3,051
4,044
4,936
6,181
6,080
5,567
3,341
3,874
3,831
3,212
4,366
Working Capital
237
1,117
1,946
3,336
3,388
- -
3,799
4,914
7,950
8,841
9,359
9,309
6,959
7,105
6,385
4,896
5,840
LT Debt
2,189
3,439
4,211
6,013
7,064
- -
11,695
14,664
15,404
15,781
15,400
15,608
15,318
15,663
15,844
16,089
16,071
Total Equity
8.3
7.18
5.64
5.17
4.53
- -
9.47
3.61
1.99
1.67
- -
1.31
1.47
1.66
2.8
2.82
3.53
Return on Invested Capital (%)
8.34
8.97
6.58
4.4
2.84
- -
10.6
4.91
2.95
1.66
- -
1.23
1.5
1.62
2.92
2.56
2.42
Return on Capital (%)
11.92
11.64
10.59
8.6
6.22
- -
20.53
9.28
4.86
1.84
-3.76
1.27
1.17
1.6
3.69
3.19
2.91
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,036
1,653
1,836
LT Borrowings
4,887
6,223
5,831
LT Finance Leases
10
9
9
Preferred Equity and Hybrid Capital
1,290
1,290
1,251
Shares Outstanding
5,003
5,003
5,052
Market Capitalization
3,652
4,328
4,900

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,791
8,549
8,448
Cash, Cash Equivalents & STI
1,761
3,006
2,795
Accounts Receivable, Net
1,033
567
716
Inventories
4,087
3,958
3,996
Total Current Liabilities
5,579
4,009
4,082
Payables & Accruals
- -
- -
- -
ST Debt
3,036
1,653
1,836
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.89%
1.55%
Free Cash Flow
- -
58.85%
-57.43%
Net Income, GAAP
- -
-20.42%
-11.46%
Sales/Revenue/Turnover
- -
6.77%
-20.32%
Total Cash Common Dividend
- -
- -
141.46%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,476
1,495
1,259
1,064
5,294
2025
771
944
872
1,631
4,218
2026
827
821
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.06
0.01
0.02
0.1
2025
0.01
0.02
0.01
0.05
0.09
2026
- -
0.02
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.01
0.03
2025
- -
- -
- -
0.01
0.05
2026
- -
- -
- -
- -
- -
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Business
S P Setia Berhad (MYX: 8664) ranks as Malaysia's largest property developer by sales and focuses primarily on property development; it also engages in construction, infrastructure projects, wood-based manufacturing, and trading. The company develops a diverse portfolio encompassing townships, eco-sanctuaries and eco-homes, luxury homes and enclaves, high-rise residences, retail and commercial properties, business parks, integrated mixed-use developments, and urban regeneration initiatives; it pioneered the trademarked LiveLearnWorkPlay concept and ECO philosophy across its projects. Founded in 1974 and headquartered in Shah Alam, Selangor, S P Setia operates extensively in Malaysia's key regions including Klang Valley, Johor, Penang, and Sabah, with international presence in Vietnam, Australia, Singapore, the United Kingdom, China, and Japan. Recent developments include surpassing its FY24 sales target with RM5.02 billion in property sales versus RM4.4 billion targeted; forming a joint venture with Mitsui Fudosan (Asia) Malaysia Sdn Bhd for a 113-acre residential project at Setia EcoHill in Semenyih; signing a memorandum of collaboration with Penang Development Corp for a 350-acre mixed and/or industrial development at Setia Fontaines; disposing of its 50% stake in Retro Highland Sdn Bhd to MMC Land Sdn Bhd for RM56 million gain tied to Taman Ikan Emas redevelopment; proposing RM4 billion sukuk wakalah and Islamic commercial paper programmes for refinancing, working capital, and growth; and planning a RM1.5 billion REIT listing of investment properties including malls within 9-12 months alongside a RM4.8 billion sales target for FY25 anchored by Setia Green Industrial Park, a 307-acre circular eco-industrial project with data centre integration.