Batu Kawan Bhd (1899) - Net Assets

Latest as of December 2025: RM15.65 Billion MYR ≈ $3.93 Billion USD

Based on the latest financial reports, Batu Kawan Bhd (1899) has net assets worth RM15.65 Billion MYR (≈ $3.93 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM33.68 Billion ≈ $8.46 Billion USD) and total liabilities (RM18.02 Billion ≈ $4.53 Billion 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 1899 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM15.65 Billion
% of Total Assets	46.48%
Annual Growth Rate	5.45%
5-Year Change	19.57%
10-Year Change	24.5%
Growth Volatility	37.38

Batu Kawan Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Batu Kawan Bhd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Batu Kawan Bhd for the complete picture of this company's asset base.

Annual Net Assets for Batu Kawan Bhd (2012–2025)

The table below shows the annual net assets of Batu Kawan Bhd from 2012 to 2025. For live valuation and market cap data, see Batu Kawan Bhd stock valuation.

Year	Net Assets	Change
2025-09-30	RM7.57 Billion ≈ $1.90 Billion	+2.64%
2024-09-30	RM7.37 Billion ≈ $1.85 Billion	-6.10%
2023-09-30	RM7.85 Billion ≈ $1.97 Billion	+2.44%
2022-09-30	RM7.67 Billion ≈ $1.92 Billion	+21.12%
2021-09-30	RM6.33 Billion ≈ $1.59 Billion	+7.71%
2020-09-30	RM5.88 Billion ≈ $1.48 Billion	+3.78%
2019-09-30	RM5.66 Billion ≈ $1.42 Billion	-6.89%
2018-09-30	RM6.08 Billion ≈ $1.53 Billion	-1.43%
2017-09-30	RM6.17 Billion ≈ $1.55 Billion	+1.48%
2016-09-30	RM6.08 Billion ≈ $1.53 Billion	-44.21%
2015-09-30	RM10.90 Billion ≈ $2.74 Billion	+22.84%
2014-09-30	RM8.87 Billion ≈ $2.23 Billion	+2.41%
2013-09-30	RM8.66 Billion ≈ $2.17 Billion	+128.25%
2012-09-30	RM3.79 Billion ≈ $952.80 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Batu Kawan 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 27.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	RM6.71 Billion	88.66%
Common Stock	RM507.59 Million	6.71%
Other Components	RM350.71 Million	4.63%
Total Equity	RM7.57 Billion	100.00%

Batu Kawan Bhd Competitors by Market Cap

The table below lists competitors of Batu Kawan Bhd ranked by their market capitalization.

Company	Market Cap
China Oilfield Services Limited F:CO9	$2.06 Billion
Freehold Royalties Ltd. TO:FRU	$2.06 Billion
Kunshan Kersen Science & Tech SHG:603626	$2.07 Billion
Shenzhen iN-Cube Automation Co. Ltd. SHE:301312	$2.07 Billion
Pegasus Hava Tasimaciligi AS IS:PGSUS	$2.06 Billion
China Railway Group Limited F:CNO	$2.06 Billion
Zhuzhou Huarui Precision Cutting Tools Co Ltd SHG:688059	$2.06 Billion
Per Aarsleff Holding A/S CO:PAAL-B	$2.06 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Batu Kawan Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,374,754,000 to 7,569,357,000, a change of 194,603,000 (2.6%).
Net income of 467,750,000 contributed positively to equity growth.
Dividend payments of 233,759,000 reduced retained earnings.
Share repurchases of 65,818,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM467.75 Million	+6.18%
Dividends Paid	RM233.76 Million	-3.09%
Share Repurchases	RM65.82 Million	-0.87%
Other Changes	RM26.43 Million	+0.35%
Total Change	RM-	2.64%

Book Value vs Market Value Analysis

This analysis compares Batu Kawan 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: 1.09x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 1.41x to 1.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-09-30	RM15.01	RM21.20	x
2017-09-30	RM15.32	RM21.20	x
2018-09-30	RM15.18	RM21.20	x
2019-09-30	RM14.43	RM21.20	x
2020-09-30	RM14.77	RM21.20	x
2021-09-30	RM16.04	RM21.20	x
2022-09-30	RM19.48	RM21.20	x
2023-09-30	RM19.97	RM21.20	x
2024-09-30	RM18.80	RM21.20	x
2025-09-30	RM19.47	RM21.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Batu Kawan 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): 6.18%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.82%
• Asset Turnover: 0.78x
• Equity Multiplier: 4.38x
Recent ROE (6.18%) is below the historical average (9.25%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	13.57%	4.86%	0.86x	3.26x	RM217.19 Million
2017	9.51%	2.72%	1.03x	3.38x	RM-30.36 Million
2018	6.01%	1.93%	0.93x	3.34x	RM-242.50 Million
2019	6.42%	2.27%	0.74x	3.85x	RM-202.80 Million
2020	7.10%	2.60%	0.72x	3.80x	RM-170.42 Million
2021	18.12%	5.54%	0.69x	4.72x	RM513.91 Million
2022	15.32%	4.16%	0.87x	4.22x	RM407.63 Million
2023	6.25%	1.99%	0.77x	4.06x	RM-294.47 Million
2024	4.05%	1.30%	0.72x	4.35x	RM-438.62 Million
2025	6.18%	1.82%	0.78x	4.38x	RM-289.19 Million

Industry Comparison

This section compares Batu Kawan Bhd's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $2,682,941,970
Average return on equity (ROE) among peers: -5.26%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Batu Kawan Bhd (1899)	RM15.65 Billion	13.57%	1.15x	$2.06 Billion
Digistar Corporation Bhd (0029)	$51.32 Million	-32.65%	6.55x	$5.51 Million
Key Alliance Group Bhd (0036)	$98.09 Million	-11.43%	0.44x	$2.00 Million
MSCM Holdings Bhd (0041)	$372.64 Million	-8.46%	0.12x	$7.06 Million
Asdion Bhd (0068)	$25.97 Million	-14.35%	0.49x	$1.28 Million
EA Holdings Bhd (0154)	$83.66 Million	-38.18%	0.10x	$8.10 Million
Sports Toto Berhad (1562)	$704.00 Million	46.73%	2.06x	$426.75 Million
Kuala Lumpur Kepong Bhd (2445)	$11.80 Billion	6.55%	0.77x	$5.98 Billion
Hap Seng Consolidated Bhd (3034)	$8.99 Billion	10.57%	1.07x	$1.81 Billion
Berjaya Assets Bhd (3239)	$2.01 Billion	-6.15%	0.63x	$189.48 Million

About Batu Kawan Bhd

KLSE:1899 Malaysia Conglomerates

Market Cap

$2.06 Billion

RM8.22 Billion MYR

Market Cap Rank

#6178 Global

#51 in Malaysia

Share Price

RM21.20

Change (1 day)

-0.47%

52-Week Range

RM18.76 - RM21.78

All Time High

RM26.66