Kelington Group Bhd (0151) - Net Assets
Based on the latest financial reports, Kelington Group Bhd (0151) has net assets worth RM588.87 Million MYR (≈ $147.84 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 (RM1.23 Billion ≈ $310.02 Million USD) and total liabilities (RM645.95 Million ≈ $162.18 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 0151 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM588.87 Million |
| % of Total Assets | 47.69% |
| Annual Growth Rate | 21.29% |
| 5-Year Change | 181.58% |
| 10-Year Change | 697.97% |
| Growth Volatility | 16.88 |
Kelington Group Bhd - Net Assets Trend (2008–2024)
This chart illustrates how Kelington Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Kelington Group Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Kelington Group Bhd (2008–2024)
The table below shows the annual net assets of Kelington Group Bhd from 2008 to 2024. For live valuation and market cap data, see 0151 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM473.99 Million ≈ $119.00 Million |
+40.07% |
| 2023-12-31 | RM338.39 Million ≈ $84.96 Million |
+39.19% |
| 2022-12-31 | RM243.12 Million ≈ $61.04 Million |
+26.13% |
| 2021-12-31 | RM192.75 Million ≈ $48.39 Million |
+14.51% |
| 2020-12-31 | RM168.33 Million ≈ $42.26 Million |
+8.23% |
| 2019-12-31 | RM155.53 Million ≈ $39.05 Million |
+33.83% |
| 2018-12-31 | RM116.22 Million ≈ $29.18 Million |
+48.09% |
| 2017-12-31 | RM78.47 Million ≈ $19.70 Million |
+17.14% |
| 2016-12-31 | RM66.99 Million ≈ $16.82 Million |
+12.78% |
| 2015-12-31 | RM59.40 Million ≈ $14.91 Million |
+0.11% |
| 2014-12-31 | RM59.33 Million ≈ $14.90 Million |
+9.81% |
| 2013-12-31 | RM54.03 Million ≈ $13.57 Million |
+0.39% |
| 2012-12-31 | RM53.82 Million ≈ $13.51 Million |
+6.79% |
| 2011-12-31 | RM50.40 Million ≈ $12.65 Million |
+25.26% |
| 2010-12-31 | RM40.24 Million ≈ $10.10 Million |
+16.92% |
| 2009-12-31 | RM34.42 Million ≈ $8.64 Million |
+59.22% |
| 2008-12-31 | RM21.62 Million ≈ $5.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kelington Group 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 1494.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM240.39 Million | 50.73% |
| Common Stock | RM183.98 Million | 38.82% |
| Other Components | RM49.53 Million | 10.45% |
| Total Equity | RM473.90 Million | 100.00% |
Kelington Group Bhd Competitors by Market Cap
The table below lists competitors of Kelington Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EVT Ltd
AU:EVT
|
$1.38 Billion |
|
Wüstenrot & Württembergische AG
XETRA:WUW
|
$1.38 Billion |
|
361 Degrees International Limited
F:36L
|
$1.38 Billion |
|
Jadard Technology Inc. A
SHG:688252
|
$1.38 Billion |
|
Shinkong Insurance Co Ltd
TW:2850
|
$1.38 Billion |
|
China Express Airlines Co Ltd Class A
SHE:002928
|
$1.38 Billion |
|
Hotel101 Global Holdings Corp. Class A Ordinary Shares
NASDAQ:HBNB
|
$1.38 Billion |
|
Wanbangde Pharmaceutical Holding Group Co Ltd
SHE:002082
|
$1.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kelington Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 332,596,000 to 473,902,000, a change of 141,306,000 (42.5%).
- Net income of 124,349,000 contributed positively to equity growth.
- Dividend payments of 58,151,000 reduced retained earnings.
- Share repurchases of 83,774,000 reduced equity.
- New share issuances of 83,774,000 increased equity.
- Other comprehensive income decreased equity by 54,541,000.
- Other factors increased equity by 129,649,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM124.35 Million | +26.24% |
| Dividends Paid | RM58.15 Million | -12.27% |
| Share Repurchases | RM83.77 Million | -17.68% |
| Share Issuances | RM83.77 Million | +17.68% |
| Other Comprehensive Income | RM-54.54 Million | -11.51% |
| Other Changes | RM129.65 Million | +27.36% |
| Total Change | RM- | 42.49% |
Book Value vs Market Value Analysis
This analysis compares Kelington Group 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: 11.66x
- 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 decreased from 115.66x to 11.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | RM0.06 | RM7.09 | x |
| 2009-12-31 | RM0.10 | RM7.09 | x |
| 2010-12-31 | RM0.10 | RM7.09 | x |
| 2011-12-31 | RM0.12 | RM7.09 | x |
| 2012-12-31 | RM0.12 | RM7.09 | x |
| 2013-12-31 | RM0.12 | RM7.09 | x |
| 2014-12-31 | RM0.14 | RM7.09 | x |
| 2015-12-31 | RM0.13 | RM7.09 | x |
| 2016-12-31 | RM0.15 | RM7.09 | x |
| 2017-12-31 | RM0.16 | RM7.09 | x |
| 2018-12-31 | RM0.21 | RM7.09 | x |
| 2019-12-31 | RM0.25 | RM7.09 | x |
| 2020-12-31 | RM0.27 | RM7.09 | x |
| 2021-12-31 | RM0.40 | RM7.09 | x |
| 2022-12-31 | RM0.37 | RM7.09 | x |
| 2023-12-31 | RM0.50 | RM7.09 | x |
| 2024-12-31 | RM0.61 | RM7.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kelington Group 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): 26.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.77%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.44x
- Recent ROE (26.24%) is above the historical average (16.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 30.56% | 11.00% | 1.33x | 2.09x | RM4.44 Million |
| 2009 | 23.46% | 12.65% | 1.13x | 1.65x | RM4.63 Million |
| 2010 | 21.22% | 10.10% | 1.22x | 1.72x | RM4.51 Million |
| 2011 | 17.32% | 6.25% | 1.41x | 1.96x | RM3.69 Million |
| 2012 | 11.30% | 5.23% | 1.06x | 2.03x | RM698.60K |
| 2013 | 3.08% | 1.42% | 1.01x | 2.16x | RM-3.74 Million |
| 2014 | 8.75% | 2.75% | 1.16x | 2.76x | RM-740.80K |
| 2015 | -4.32% | -1.23% | 1.18x | 2.96x | RM-8.45 Million |
| 2016 | 13.32% | 2.58% | 1.72x | 3.00x | RM2.21 Million |
| 2017 | 14.75% | 3.68% | 1.36x | 2.94x | RM3.72 Million |
| 2018 | 16.06% | 5.33% | 1.44x | 2.10x | RM7.04 Million |
| 2019 | 15.73% | 6.43% | 1.25x | 1.95x | RM8.89 Million |
| 2020 | 10.42% | 4.44% | 1.13x | 2.09x | RM702.10K |
| 2021 | 15.11% | 5.63% | 1.27x | 2.11x | RM9.79 Million |
| 2022 | 23.30% | 4.36% | 1.21x | 4.41x | RM31.82 Million |
| 2023 | 31.31% | 6.45% | 1.51x | 3.22x | RM70.88 Million |
| 2024 | 26.24% | 9.77% | 1.10x | 2.44x | RM76.96 Million |
Industry Comparison
This section compares Kelington Group Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $104,830,072
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kelington Group Bhd (0151) | RM588.87 Million | 30.56% | 1.10x | $1.38 Billion |
| Southern Score Builders Berhad (0045) | $148.98 Million | 16.99% | 0.33x | $313.81 Million |
| Ecobuilt Holdings Bhd (0059) | $66.08 Million | 12.86% | 0.15x | $4.23 Million |
| Mega Sun City Holdings Bhd (0081) | $52.47 Million | -28.16% | 0.02x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $33.07 Million | -28.61% | 0.43x | $11.20 Million |
| Widad Group Bhd (0162) | $357.92 Million | 19.78% | 1.42x | $7.84 Million |
| Pasukhas Group Bhd (0177) | $136.35 Million | -12.43% | 0.39x | $3.59 Million |
| HSS Engineers Bhd (0185) | $78.71 Million | 17.81% | 0.59x | $54.89 Million |
| Cabnet Holdings Bhd (0191) | $14.34 Million | 40.24% | 1.06x | $11.22 Million |
| Inta Bina Group Bhd (0192) | $55.55 Million | 22.91% | 2.88x | $58.65 Million |
About Kelington Group Bhd
Kelington Group Berhad, together with its subsidiaries, engages in the engineering, construction, and general trading businesses in Malaysia, Singapore, the People's Republic of China, and internationally. It operates through Service; Manufacturing, Trading, and Rental; and Construction segments. The company offers engineering solutions for safe handling, delivery, and distribution of ultra-high … Read more