Hiap Huat Holdings Bhd (0160) - Net Assets
Based on the latest financial reports, Hiap Huat Holdings Bhd (0160) has net assets worth RM108.76 Million MYR (≈ $27.31 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 (RM396.34 Million ≈ $99.51 Million USD) and total liabilities (RM287.57 Million ≈ $72.20 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 Hiap Huat Holdings Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM108.76 Million |
| % of Total Assets | 27.44% |
| Annual Growth Rate | 7.44% |
| 5-Year Change | 62.63% |
| 10-Year Change | N/A |
| Growth Volatility | 6.86 |
Hiap Huat Holdings Bhd - Net Assets Trend (2015–2024)
This chart illustrates how Hiap Huat Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Hiap Huat Holdings Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Hiap Huat Holdings Bhd (2015–2024)
The table below shows the annual net assets of Hiap Huat Holdings Bhd from 2015 to 2024. For live valuation and market cap data, see how much is Hiap Huat Holdings Bhd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM103.50 Million ≈ $25.98 Million |
+12.61% |
| 2023-12-31 | RM91.91 Million ≈ $23.08 Million |
+9.11% |
| 2022-12-31 | RM84.24 Million ≈ $21.15 Million |
+10.72% |
| 2021-12-31 | RM76.08 Million ≈ $19.10 Million |
+19.55% |
| 2020-12-31 | RM63.64 Million ≈ $15.98 Million |
-3.05% |
| 2019-12-31 | RM65.64 Million ≈ $16.48 Million |
+13.70% |
| 2018-12-31 | RM57.73 Million ≈ $14.50 Million |
+3.14% |
| 2017-12-31 | RM55.97 Million ≈ $14.05 Million |
+1.41% |
| 2016-12-31 | RM55.20 Million ≈ $13.86 Million |
+1.72% |
| 2015-12-31 | RM54.26 Million ≈ $13.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hiap Huat 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 269.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM37.46 Million | 36.19% |
| Common Stock | RM49.98 Million | 48.29% |
| Other Components | RM16.06 Million | 15.51% |
| Total Equity | RM103.50 Million | 100.00% |
Hiap Huat Holdings Bhd Competitors by Market Cap
The table below lists competitors of Hiap Huat Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flexidynamic Holdings Bhd
KLSE:0231
|
$10.91 Million |
|
Guideline Geo AB (publ)
ST:GGEO
|
$10.91 Million |
|
Fingerprint Cards AB (publ)
ST:FING-B
|
$10.92 Million |
|
Gamma Communications PLC
LSE:GAMA
|
$10.92 Million |
|
Hantop Inc
KQ:002680
|
$10.91 Million |
|
Fevertree Drinks Plc
LSE:FEVR
|
$10.90 Million |
|
Semac Consultants Limited
NSE:SEMAC
|
$10.90 Million |
|
GoHealth Inc.
NASDAQ:GOCO
|
$10.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiap Huat Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 91,908,300 to 103,497,570, a change of 11,589,270 (12.6%).
- Net income of 4,013,240 contributed positively to equity growth.
- Other factors increased equity by 7,576,030.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM4.01 Million | +3.88% |
| Other Changes | RM7.58 Million | +7.32% |
| Total Change | RM- | 12.61% |
Book Value vs Market Value Analysis
This analysis compares Hiap Huat 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: 0.42x
- 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 0.66x to 0.42x 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 | RM0.17 | RM0.11 | x |
| 2017-12-31 | RM0.17 | RM0.11 | x |
| 2018-12-31 | RM0.17 | RM0.11 | x |
| 2019-12-31 | RM0.20 | RM0.11 | x |
| 2020-12-31 | RM0.19 | RM0.11 | x |
| 2021-12-31 | RM0.19 | RM0.11 | x |
| 2022-12-31 | RM0.21 | RM0.11 | x |
| 2023-12-31 | RM0.23 | RM0.11 | x |
| 2024-12-31 | RM0.26 | RM0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiap Huat 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): 3.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.87%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 3.40x
- Recent ROE (3.88%) is above the historical average (3.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -2.96% | -6.56% | 0.29x | 1.56x | RM-7.03 Million |
| 2016 | 1.69% | 3.24% | 0.36x | 1.46x | RM-4.59 Million |
| 2017 | 1.39% | 1.87% | 0.52x | 1.42x | RM-4.82 Million |
| 2018 | 3.36% | 3.64% | 0.66x | 1.40x | RM-3.83 Million |
| 2019 | 2.83% | 3.65% | 0.56x | 1.39x | RM-4.71 Million |
| 2020 | -2.04% | -3.48% | 0.43x | 1.37x | RM-7.66 Million |
| 2021 | 4.49% | 5.54% | 0.56x | 1.46x | RM-4.19 Million |
| 2022 | 9.68% | 10.19% | 0.64x | 1.48x | RM-268.84K |
| 2023 | 8.35% | 8.80% | 0.68x | 1.40x | RM-1.52 Million |
| 2024 | 3.88% | 2.87% | 0.40x | 3.40x | RM-6.34 Million |
Industry Comparison
This section compares Hiap Huat Holdings Bhd's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $2,871,516,667
- Average return on equity (ROE) among peers: 10.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiap Huat Holdings Bhd (0160) | RM108.76 Million | -2.96% | 2.64x | $10.91 Million |
| Petron Malaysia Refining Marketing (3042) | $1.97 Billion | 12.11% | 1.18x | $295.56 Million |
| Hengyuan Refining Company Bhd (4324) | $2.05 Billion | 4.03% | 1.67x | $176.25 Million |
| Petronas Dagangan Bhd (5681) | $4.59 Billion | 16.49% | 0.72x | $4.69 Billion |
About Hiap Huat Holdings Bhd
Hiap Huat Holdings Berhad, an investment holding company, manufactures, recycles, refines, and sells petroleum-based products, industrial paints, oils, solvent chemical products, and other related products in Malaysia, Singapore, Vietnam, and Italy. The company offers scheduled waste management services comprising collection, treatment, and conversion of hazardous waste; laboratory services, incl… Read more