Negri Sembilan Oil Palms Bhd (2038) - Net Assets
Based on the latest financial reports, Negri Sembilan Oil Palms Bhd (2038) has net assets worth RM834.15 Million MYR (≈ $209.43 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 (RM921.82 Million ≈ $231.44 Million USD) and total liabilities (RM87.67 Million ≈ $22.01 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 how strategically is Negri Sembilan Oil Palms Bhd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM834.15 Million |
| % of Total Assets | 90.49% |
| Annual Growth Rate | 3.21% |
| 5-Year Change | 22.52% |
| 10-Year Change | 23.19% |
| Growth Volatility | 9.27 |
Negri Sembilan Oil Palms Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Negri Sembilan Oil Palms Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 2038 stock market capitalisation.
Annual Net Assets for Negri Sembilan Oil Palms Bhd (2012–2025)
The table below shows the annual net assets of Negri Sembilan Oil Palms Bhd from 2012 to 2025. Also explore 2038 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM681.91 Million ≈ $171.20 Million |
+5.88% |
| 2024-12-31 | RM644.01 Million ≈ $161.69 Million |
+5.84% |
| 2023-12-31 | RM608.49 Million ≈ $152.77 Million |
+4.41% |
| 2022-12-31 | RM582.79 Million ≈ $146.32 Million |
+4.71% |
| 2021-12-31 | RM556.55 Million ≈ $139.73 Million |
+3.59% |
| 2020-12-31 | RM537.26 Million ≈ $134.89 Million |
-1.51% |
| 2019-12-31 | RM545.52 Million ≈ $136.96 Million |
-0.79% |
| 2018-12-31 | RM549.87 Million ≈ $138.05 Million |
-2.92% |
| 2017-12-31 | RM566.39 Million ≈ $142.20 Million |
+2.32% |
| 2016-12-31 | RM553.54 Million ≈ $138.98 Million |
-15.88% |
| 2015-12-31 | RM658.00 Million ≈ $165.20 Million |
+10.40% |
| 2014-12-31 | RM596.00 Million ≈ $149.64 Million |
+27.90% |
| 2013-12-31 | RM466.00 Million ≈ $117.00 Million |
+3.10% |
| 2012-12-31 | RM452.00 Million ≈ $113.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Negri Sembilan Oil Palms 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 26.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM607.37 Million | 89.07% |
| Common Stock | RM74.54 Million | 10.93% |
| Total Equity | RM681.91 Million | 100.00% |
Negri Sembilan Oil Palms Bhd Competitors by Market Cap
The table below lists competitors of Negri Sembilan Oil Palms Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lakeshore Acquisition III Corp. Ordinary Shares
NASDAQ:LCCC
|
$93.59 Million |
|
Buriram Sugar Public Company Limited
BK:BRR
|
$93.66 Million |
|
AVer Information Inc
TW:3669
|
$93.68 Million |
|
Sergeferrari G
PA:SEFER
|
$93.68 Million |
|
Tainergy Tech Co Ltd
TW:4934
|
$93.57 Million |
|
Tsang Yow Industrial Co Ltd
TW:1568
|
$93.54 Million |
|
SCOPE FLUIDICS SA ZY-10
F:S84
|
$93.53 Million |
|
Papoutsanis S.A
AT:PAP
|
$93.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Negri Sembilan Oil Palms Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 644,007,790 to 681,907,000, a change of 37,899,210 (5.9%).
- Net income of 47,625,000 contributed positively to equity growth.
- Dividend payments of 18,253,000 reduced retained earnings.
- Other factors increased equity by 8,527,210.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM47.62 Million | +6.98% |
| Dividends Paid | RM18.25 Million | -2.68% |
| Other Changes | RM8.53 Million | +1.25% |
| Total Change | RM- | 5.88% |
Book Value vs Market Value Analysis
This analysis compares Negri Sembilan Oil Palms 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: 0.55x
- 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 0.67x to 0.55x 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 | RM7.88 | RM5.31 | x |
| 2017-12-31 | RM8.07 | RM5.31 | x |
| 2018-12-31 | RM7.83 | RM5.31 | x |
| 2019-12-31 | RM7.77 | RM5.31 | x |
| 2020-12-31 | RM7.65 | RM5.31 | x |
| 2021-12-31 | RM7.93 | RM5.31 | x |
| 2022-12-31 | RM8.30 | RM5.31 | x |
| 2023-12-31 | RM8.67 | RM5.31 | x |
| 2024-12-31 | RM9.17 | RM5.31 | x |
| 2025-12-31 | RM9.71 | RM5.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Negri Sembilan Oil Palms 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): 6.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.76%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.33x
- Recent ROE (6.98%) is above the historical average (2.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.56% | 3.64% | 0.12x | 1.33x | RM-52.27 Million |
| 2017 | 1.67% | 10.70% | 0.12x | 1.33x | RM-47.16 Million |
| 2018 | -0.31% | -2.71% | 0.08x | 1.35x | RM-56.67 Million |
| 2019 | -0.47% | -5.07% | 0.07x | 1.35x | RM-57.12 Million |
| 2020 | 0.23% | 2.02% | 0.09x | 1.35x | RM-52.47 Million |
| 2021 | 4.43% | 26.46% | 0.12x | 1.35x | RM-31.00 Million |
| 2022 | 4.76% | 24.84% | 0.14x | 1.35x | RM-30.52 Million |
| 2023 | 2.97% | 19.49% | 0.11x | 1.34x | RM-42.76 Million |
| 2024 | 5.67% | 32.46% | 0.13x | 1.34x | RM-27.86 Million |
| 2025 | 6.98% | 29.76% | 0.18x | 1.33x | RM-20.57 Million |
Industry Comparison
This section compares Negri Sembilan Oil Palms Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $362,708,941
- Average return on equity (ROE) among peers: -2.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Negri Sembilan Oil Palms Bhd (2038) | RM834.15 Million | 0.56% | 0.11x | $93.59 Million |
| Green Ocean Corporation Bhd (0074) | $20.50 Million | 0.66% | 1.26x | $6.89 Million |
| MAG Holdings Berhad (0095) | $452.69 Million | -5.21% | 0.59x | $74.04 Million |
| Greenyield Bhd (0136) | $68.86 Million | 7.90% | 0.29x | $20.87 Million |
| Heng Huat Resources Group Bhd (0175) | $128.19 Million | 11.49% | 0.68x | $46.95 Million |
| Matang Bhd (0189) | $246.47 Million | 1.40% | 0.03x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $31.00 Million | -12.90% | 5.52x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $647.08 Million | 2.74% | 0.03x | $235.35 Million |
| Kretam Holdings Bhd (1996) | $929.00 Million | 1.18% | 0.31x | $374.54 Million |
| TDM Berhad (2054) | $740.59 Million | -26.99% | 1.25x | $97.33 Million |
About Negri Sembilan Oil Palms Bhd
Negri Sembilan Oil Palms Berhad, an investment holding company, engages in cultivation of oil palms in Malaysia. It offers crude palm oil, palm kernel, and fresh fruit bunches. The company was incorporated in 1928 and is based in Kuala Lumpur, Malaysia. Negri Sembilan Oil Palms Berhad operates as a subsidiary of Tiong Thye Company Sdn Bhd.