HPP Holdings Bhd (0228) - Net Assets
Based on the latest financial reports, HPP Holdings Bhd (0228) has net assets worth RM126.01 Million MYR (≈ $31.64 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM160.39 Million ≈ $40.27 Million USD) and total liabilities (RM34.38 Million ≈ $8.63 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 HPP Holdings Bhd (0228) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM126.01 Million |
| % of Total Assets | 78.57% |
| Annual Growth Rate | 11.75% |
| 5-Year Change | 9.11% |
| 10-Year Change | N/A |
| Growth Volatility | 19.88 |
HPP Holdings Bhd - Net Assets Trend (2017–2025)
This chart illustrates how HPP Holdings Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see HPP Holdings Bhd (0228) total market value.
Annual Net Assets for HPP Holdings Bhd (2017–2025)
The table below shows the annual net assets of HPP Holdings Bhd from 2017 to 2025. Also explore 0228 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM126.01 Million ≈ $31.64 Million |
+2.15% |
| 2024-12-31 | RM123.36 Million ≈ $30.97 Million |
-0.17% |
| 2023-12-31 | RM123.57 Million ≈ $31.02 Million |
+1.71% |
| 2022-12-31 | RM121.49 Million ≈ $30.50 Million |
+5.20% |
| 2021-12-31 | RM115.49 Million ≈ $29.00 Million |
+4.45% |
| 2020-12-31 | RM110.56 Million ≈ $27.76 Million |
+64.07% |
| 2019-12-31 | RM67.39 Million ≈ $16.92 Million |
+13.92% |
| 2018-12-31 | RM59.16 Million ≈ $14.85 Million |
+14.16% |
| 2017-12-31 | RM51.82 Million ≈ $13.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HPP 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 8102000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM81.02 Million | 64.80% |
| Other Components | RM44.00 Million | 35.20% |
| Total Equity | RM125.02 Million | 100.00% |
HPP Holdings Bhd Competitors by Market Cap
The table below lists competitors of HPP Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hankukpackage Co. Ltd
KQ:037230
|
$28.31 Million |
|
AS Pro Kapital Grupp
F:17E
|
$28.34 Million |
|
Lulu's Fashion Lounge Holdings Inc
NASDAQ:LVLU
|
$28.36 Million |
|
Old Market Capital Corporation
NASDAQ:OMCC
|
$28.36 Million |
|
TT Vision Holdings Berhad
KLSE:0272
|
$28.30 Million |
|
HeraMED Limited
F:1I4
|
$28.30 Million |
|
Bonava AB (publ)
ST:BONAV-A
|
$28.29 Million |
|
Senetas Corporation Ltd
AU:SEN
|
$28.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HPP Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 123,364,210 to 125,022,000, a change of 1,657,790 (1.3%).
- Net income of 5,346,000 contributed positively to equity growth.
- Dividend payments of 3,886,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM5.35 Million | +4.28% |
| Dividends Paid | RM3.89 Million | -3.11% |
| Other Changes | RM197.79K | +0.16% |
| Total Change | RM- | 1.34% |
Book Value vs Market Value Analysis
This analysis compares HPP 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: 0.90x
- 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 2.17x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | RM0.13 | RM0.29 | x |
| 2018-12-31 | RM0.15 | RM0.29 | x |
| 2019-12-31 | RM0.17 | RM0.29 | x |
| 2020-12-31 | RM0.28 | RM0.29 | x |
| 2021-12-31 | RM0.30 | RM0.29 | x |
| 2022-12-31 | RM0.31 | RM0.29 | x |
| 2023-12-31 | RM0.31 | RM0.29 | x |
| 2024-12-31 | RM0.32 | RM0.29 | x |
| 2025-12-31 | RM0.32 | RM0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HPP 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): 4.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.27%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.28x
- Recent ROE (4.28%) is below the historical average (11.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 28.82% | 23.19% | 0.81x | 1.54x | RM9.75 Million |
| 2018 | 22.54% | 16.13% | 0.86x | 1.63x | RM7.42 Million |
| 2019 | 12.22% | 8.14% | 0.96x | 1.57x | RM1.49 Million |
| 2020 | 15.20% | 15.75% | 0.70x | 1.38x | RM5.75 Million |
| 2021 | 7.29% | 9.82% | 0.58x | 1.27x | RM-3.13 Million |
| 2022 | 7.66% | 11.52% | 0.55x | 1.22x | RM-2.84 Million |
| 2023 | 3.33% | 5.90% | 0.43x | 1.30x | RM-8.14 Million |
| 2024 | 1.77% | 3.40% | 0.40x | 1.29x | RM-10.16 Million |
| 2025 | 4.28% | 8.27% | 0.40x | 1.28x | RM-7.16 Million |
Industry Comparison
This section compares HPP Holdings Bhd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $312,304,261
- Average return on equity (ROE) among peers: 2.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HPP Holdings Bhd (0228) | RM126.01 Million | 28.82% | 0.27x | $28.30 Million |
| L&P Global Berhad (0268) | $82.00 Million | 17.97% | 0.68x | $25.99 Million |
| DS Sigma Holdings Berhad (0269) | $120.26 Million | 8.99% | 0.11x | $28.92 Million |
| Scientex Bhd (4731) | $1.60 Billion | 15.95% | 0.61x | $1.48 Billion |
| Versatile Creative Bhd (4995) | $40.03 Million | -40.82% | 1.06x | $56.96 Million |
| Ornapaper Bhd (5065) | $163.97 Million | 5.75% | 0.69x | $13.03 Million |
| BP Plastics Holding Bhd (5100) | $154.00 Million | 6.49% | 0.29x | $58.30 Million |
| Perusahaan Sadur Timah Malaysia Perstima Bhd (5436) | $367.09 Million | 13.87% | 0.15x | $26.58 Million |
| Box Pak (Malaysia) Bhd (6297) | $109.38 Million | -7.42% | 3.69x | $6.33 Million |
| Master Pack Group Bhd (7029) | $170.13 Million | 2.82% | 0.14x | $20.57 Million |
About HPP Holdings Bhd
HPP Holdings Berhad, an investment holding company, provides pre-press and post-press packaging services in Malaysia. It offers full colour offset printing solutions. The company also produces paper-based packaging, including corrugated packaging, non-corrugated packaging, paper pulp moulded packaging, and other related products, such as brochures, leaflet, labels, and paper bags. In addition, it… Read more