South Malaysia Industries Bhd (XKLS:4375) Retained Earnings: RM-116.68 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:4375 South Malaysia Industries Bhd XKLS:4375
36 GF Score
Price RM0.16
GF Value RM0.36
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is South Malaysia Industries Bhd Retained Earnings?

South Malaysia Industries Bhd XKLS:4375 -20.00% 36 Retained Earnings is RM-116.68 Mil as of Mar. 2026. GuruFocus rates XKLS:4375 with a GF Score™ of 36/100 and a GF Value™ of RM0.36 (Possible Value Trap). The stock has 3 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. South Malaysia Industries Bhd's retained earnings for the quarter that ended in Mar. 2026 was RM-116.68 Mil.

South Malaysia Industries Bhd's quarterly retained earnings declined from Sep. 2025 (RM0.00 Mil) to Dec. 2025 (RM-118.19 Mil) but then increased from Dec. 2025 (RM-118.19 Mil) to Mar. 2026 (RM-116.68 Mil).

South Malaysia Industries Bhd's annual retained earnings declined from Dec. 2021 (RM-100.76 Mil) to Dec. 2022 (RM-105.79 Mil) and declined from Dec. 2022 (RM-105.79 Mil) to Jun. 2024 (RM-115.69 Mil).


South Malaysia Industries Bhd  (XKLS:4375) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


South Malaysia Industries Bhd Retained Earnings Historical Data

* Premium members only.

The historical data trend for South Malaysia Industries Bhd's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

South Malaysia Industries Bhd Retained Earnings Chart

South Malaysia Industries Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -95.18 -99.04 -100.76 -105.79 -115.69

South Malaysia Industries Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -122.25 -111.71 0.00 -118.19 -116.68
XKLS:4375
36GF Score
South Malaysia Industries Bhd XKLS:4375
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

South Malaysia Industries Bhd Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of RM-116.68 Mil mean?
South Malaysia Industries Bhd (XKLS:4375) has a Retained Earnings of RM-116.68 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on South Malaysia Industries Bhd and its competitors.
Is South Malaysia Industries Bhd's Retained Earnings too high?
South Malaysia Industries Bhd's current Retained Earnings is RM-116.68 Mil. Overall, South Malaysia Industries Bhd has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does South Malaysia Industries Bhd's Retained Earnings compare to VRT and BE?
South Malaysia Industries Bhd's Retained Earnings of RM-116.68 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Products company?
A good Retained Earnings depends on the Industrial Products industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on South Malaysia Industries Bhd and its competitors. South Malaysia Industries Bhd's current Retained Earnings is RM-116.68 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Malaysia Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, South Malaysia Industries Bhd (XKLS:4375) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.36, compared to a current price of RM0.16 — trading 55.6% below its estimated fair value. The current Retained Earnings is RM-116.68 Mil. South Malaysia Industries Bhd's overall GF Score™ is 36/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For South Malaysia Industries Bhd (XKLS:4375), the current Retained Earnings is RM-116.68 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is South Malaysia Industries Bhd (XKLS:4375) Overvalued in 2026?

Based on GuruFocus' analysis, South Malaysia Industries Bhd stock appears to be undervalued. The current stock price of RM0.16 is trading 55.6% below its estimated GF Value™ of RM0.36. GuruFocus considers South Malaysia Industries Bhd to be Possible Value Trap.

Key valuation signals for XKLS:4375:

  • Retained Earnings: RM-116.68 Mil
  • GF Value™: RM0.36 vs. price of RM0.16 (55.6% below fair value)
  • GF Score™: 36/100 with 3 warning signs

No single metric tells the full story. See the XKLS:4375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


South Malaysia Industries Bhd Business Description

Address No. 6, Lorong P. Ramlee, 13A Floor, Menara SMI, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50250
South Malaysia Industries Bhd is principally engaged in investment holding, trading, property development and provision of management services. The company's reportable segments are: i) Property development: Develop and sale of residential and commercial properties, ii) Property & investment holding: Investment in properties, carpark operation and holding company, iii) Manufacturing and trading: Manufacture of assorted wires and trading. The majority of the company's revenue is derived from the Manufacturing and trading segment. Geographically, it predominantly operates in Malaysia.
36GF Score

Get the complete analysis for XKLS:4375

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.16
Price
RM0.36
GF Value