United Plantations Bhd (2089) - Net Assets
Based on the latest financial reports, United Plantations Bhd (2089) has net assets worth RM2.92 Billion MYR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.40 Billion) and total liabilities (RM484.70 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM2.92 Billion |
| % of Total Assets | 85.76% |
| Annual Growth Rate | 2.27% |
| 5-Year Change | 7.53% |
| 10-Year Change | 25.83% |
| Growth Volatility | 3.35 |
United Plantations Bhd - Net Assets Trend (2012–2024)
This chart illustrates how United Plantations Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Plantations Bhd (2012–2024)
The table below shows the annual net assets of United Plantations Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.82 Billion | -1.75% |
| 2023-12-31 | RM2.87 Billion | -0.81% |
| 2022-12-31 | RM2.89 Billion | +8.07% |
| 2021-12-31 | RM2.67 Billion | +2.09% |
| 2020-12-31 | RM2.62 Billion | +2.96% |
| 2019-12-31 | RM2.54 Billion | -1.41% |
| 2018-12-31 | RM2.58 Billion | +3.23% |
| 2017-12-31 | RM2.50 Billion | +5.85% |
| 2016-12-31 | RM2.36 Billion | +5.50% |
| 2015-12-31 | RM2.24 Billion | +5.27% |
| 2014-12-31 | RM2.13 Billion | -3.05% |
| 2013-12-31 | RM2.19 Billion | +2.00% |
| 2012-12-31 | RM2.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Plantations 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 34.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM2.46 Billion | 87.91% |
| Common Stock | RM390.05 Million | 13.93% |
| Total Equity | RM2.80 Billion | 100.00% |
United Plantations Bhd Competitors by Market Cap
The table below lists competitors of United Plantations Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Sinocera Func Material
SHE:300285
|
$5.34 Billion |
|
Skshu Paint Co Ltd
SHG:603737
|
$5.34 Billion |
|
Perseus Mining Ltd
AU:PRU
|
$5.34 Billion |
|
Jfrog Ltd
NASDAQ:FROG
|
$5.35 Billion |
|
CCR S.A
SA:CCRO3
|
$5.33 Billion |
|
Etsy, Inc.
NYSE:ETSY
|
$5.33 Billion |
|
Fomento de Construcciones y Contratas SA
MC:FCC
|
$5.33 Billion |
|
Gerdau S.A
F:GDUA
|
$5.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Plantations Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,850,440,000 to 2,799,779,000, a change of -50,661,000 (-1.8%).
- Net income of 715,081,000 contributed positively to equity growth.
- Dividend payments of 705,135,000 reduced retained earnings.
- Other factors decreased equity by 60,607,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM715.08 Million | +25.54% |
| Dividends Paid | RM705.13 Million | -25.19% |
| Other Changes | RM-60.61 Million | -2.16% |
| Total Change | RM- | -1.78% |
Book Value vs Market Value Analysis
This analysis compares United Plantations 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: 7.60x
- 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 increased from 6.01x to 7.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM5.68 | RM34.18 | x |
| 2017-12-31 | RM6.02 | RM34.18 | x |
| 2018-12-31 | RM6.21 | RM34.18 | x |
| 2019-12-31 | RM6.13 | RM34.18 | x |
| 2020-12-31 | RM6.32 | RM34.18 | x |
| 2021-12-31 | RM6.45 | RM34.18 | x |
| 2022-12-31 | RM6.97 | RM34.18 | x |
| 2023-12-31 | RM6.87 | RM34.18 | x |
| 2024-12-31 | RM4.50 | RM34.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Plantations 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): 25.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.54%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.16x
- Recent ROE (25.54%) is above the historical average (17.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.06% | 29.08% | 0.41x | 1.11x | RM68.46 Million |
| 2016 | 13.95% | 26.82% | 0.46x | 1.12x | RM93.27 Million |
| 2017 | 15.62% | 26.49% | 0.52x | 1.13x | RM140.49 Million |
| 2018 | 14.43% | 28.52% | 0.45x | 1.13x | RM114.31 Million |
| 2019 | 11.13% | 24.15% | 0.41x | 1.12x | RM28.83 Million |
| 2020 | 15.25% | 29.82% | 0.45x | 1.14x | RM137.55 Million |
| 2021 | 19.38% | 25.49% | 0.64x | 1.18x | RM250.85 Million |
| 2022 | 20.81% | 23.93% | 0.76x | 1.15x | RM312.61 Million |
| 2023 | 24.83% | 35.14% | 0.62x | 1.14x | RM422.73 Million |
| 2024 | 25.54% | 32.54% | 0.68x | 1.16x | RM435.10 Million |
Industry Comparison
This section compares United Plantations Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $476,225,409
- Average return on equity (ROE) among peers: 4.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Plantations Bhd (2089) | RM2.92 Billion | 13.06% | 0.17x | $5.34 Billion |
| Green Ocean Corporation Bhd (0074) | $20.07 Million | -37.43% | 0.89x | $3.98 Million |
| MAG Holdings Berhad (0095) | $706.08 Million | 2.51% | 0.42x | $78.81 Million |
| Greenyield Bhd (0136) | $57.31 Million | 4.41% | 0.36x | $25.74 Million |
| Heng Huat Resources Group Bhd (0175) | $128.19 Million | 11.49% | 0.68x | $14.76 Million |
| Matang Bhd (0189) | $184.64 Million | 0.68% | 0.02x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $213.82 Million | 44.95% | 0.02x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $652.84 Million | 6.21% | 0.05x | $250.94 Million |
| Kretam Holdings Bhd (1996) | $929.00 Million | 1.18% | 0.31x | $380.30 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $556.55 Million | 4.43% | 0.35x | $101.52 Million |
| TDM Berhad (2054) | $1.31 Billion | 1.53% | 0.95x | $93.00 Million |
About United Plantations Bhd
United Plantations Berhad engages in the cultivation and processing of oil palm and coconuts in Malaysia, Indonesia, Europe, the United States, and internationally. It operates in Plantations, Palm Oil Refining, and Other segments. The company offers edible oils, fats, and cocoa butter substitutes; and trades in crude palm oil and palm kernel products. It also provides trading, marketing, and inv… Read more