Kuala Lumpur Kepong Bhd (2445) - Net Assets

Latest as of September 2025: RM15.49 Billion MYR ≈ $3.89 Billion USD

Based on the latest financial reports, Kuala Lumpur Kepong Bhd (2445) has net assets worth RM15.49 Billion MYR (≈ $3.89 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM31.74 Billion ≈ $7.97 Billion USD) and total liabilities (RM16.25 Billion ≈ $4.08 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 Kuala Lumpur Kepong Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM15.49 Billion
% of Total Assets	48.8%
Annual Growth Rate	6.46%
5-Year Change	9.01%
10-Year Change	37.2%
Growth Volatility	7.86

Kuala Lumpur Kepong Bhd - Net Assets Trend (2004–2025)

This chart illustrates how Kuala Lumpur Kepong Bhd's net assets have evolved over time, based on quarterly financial data. See Kuala Lumpur Kepong Bhd (2445) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Kuala Lumpur Kepong Bhd (2004–2025)

The table below shows the annual net assets of Kuala Lumpur Kepong Bhd from 2004 to 2025. For live valuation and market cap data, see 2445 market cap.

Year	Net Assets	Change
2025-09-30	RM15.49 Billion ≈ $3.89 Billion	+3.20%
2024-09-30	RM15.01 Billion ≈ $3.77 Billion	-7.04%
2023-09-30	RM16.14 Billion ≈ $4.05 Billion	+0.57%
2022-09-30	RM16.05 Billion ≈ $4.03 Billion	+12.98%
2021-09-30	RM14.21 Billion ≈ $3.57 Billion	+20.36%
2020-09-30	RM11.80 Billion ≈ $2.96 Billion	+4.58%
2019-09-30	RM11.29 Billion ≈ $2.83 Billion	-6.30%
2018-09-30	RM12.05 Billion ≈ $3.02 Billion	-3.17%
2017-09-30	RM12.44 Billion ≈ $3.12 Billion	+10.21%
2016-09-30	RM11.29 Billion ≈ $2.83 Billion	+11.45%
2015-09-30	RM10.13 Billion ≈ $2.54 Billion	+23.77%
2014-09-30	RM8.18 Billion ≈ $2.05 Billion	+2.89%
2013-09-30	RM7.95 Billion ≈ $2.00 Billion	+5.94%
2012-09-30	RM7.51 Billion ≈ $1.88 Billion	+0.56%
2011-09-30	RM7.47 Billion ≈ $1.87 Billion	+18.03%
2010-09-30	RM6.33 Billion ≈ $1.59 Billion	+6.44%
2009-09-30	RM5.94 Billion ≈ $1.49 Billion	+3.53%
2008-09-30	RM5.74 Billion ≈ $1.44 Billion	+12.65%
2007-09-30	RM5.10 Billion ≈ $1.28 Billion	+9.25%
2006-09-30	RM4.66 Billion ≈ $1.17 Billion	+6.66%
2005-09-30	RM4.37 Billion ≈ $1.10 Billion	+5.12%
2004-09-30	RM4.16 Billion ≈ $1.04 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Kuala Lumpur Kepong 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 404.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	RM9.84 Billion	69.07%
Common Stock	RM2.07 Billion	14.55%
Other Components	RM2.33 Billion	16.37%
Total Equity	RM14.24 Billion	100.00%

Kuala Lumpur Kepong Bhd Competitors by Market Cap

The table below lists competitors of Kuala Lumpur Kepong Bhd ranked by their market capitalization.

Company	Market Cap
Capital Securities Corp. Ltd. SHG:601136	$5.81 Billion
Bruker Corporation NASDAQ:BRKR	$5.82 Billion
Gerdau S.A MX:GGBN	$5.83 Billion
Bilibili Inc NASDAQ:BILI	$5.83 Billion
BILIBILI INC. DL -0001 F:71BB	$5.80 Billion
MEIJI HLD.UN.ADR 1/4 O.N. F:3M00	$5.80 Billion
Hanjinkal KO:180640	$5.79 Billion
RTL Group SA XETRA:RRTL	$5.78 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 13,704,290,000 to 14,243,704,000, a change of 539,414,000 (3.9%).
Net income of 817,278,000 contributed positively to equity growth.
Dividend payments of 325,831,000 reduced retained earnings.
Share repurchases of 1,100,000,000 reduced equity.
Other factors increased equity by 1,147,967,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM817.28 Million	+5.74%
Dividends Paid	RM325.83 Million	-2.29%
Share Repurchases	RM1.10 Billion	-7.72%
Other Changes	RM1.15 Billion	+8.06%
Total Change	RM-	3.94%

Book Value vs Market Value Analysis

This analysis compares Kuala Lumpur Kepong 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: 1.61x
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 8.25x to 1.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-09-30	RM2.52	RM20.76	x
2005-09-30	RM2.65	RM20.76	x
2006-09-30	RM2.81	RM20.76	x
2007-09-30	RM4.62	RM20.76	x
2008-09-30	RM5.20	RM20.76	x
2009-09-30	RM5.29	RM20.76	x
2010-09-30	RM5.64	RM20.76	x
2011-09-30	RM6.64	RM20.76	x
2012-09-30	RM6.68	RM20.76	x
2013-09-30	RM7.07	RM20.76	x
2014-09-30	RM7.28	RM20.76	x
2015-09-30	RM9.08	RM20.76	x
2016-09-30	RM9.81	RM20.76	x
2017-09-30	RM10.86	RM20.76	x
2018-09-30	RM10.73	RM20.76	x
2019-09-30	RM9.73	RM20.76	x
2020-09-30	RM10.09	RM20.76	x
2021-09-30	RM11.00	RM20.76	x
2022-09-30	RM13.25	RM20.76	x
2023-09-30	RM13.28	RM20.76	x
2024-09-30	RM12.58	RM20.76	x
2025-09-30	RM12.87	RM20.76	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kuala Lumpur Kepong 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): 5.74%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.27%
• Asset Turnover: 0.79x
• Equity Multiplier: 2.23x
Recent ROE (5.74%) is below the historical average (11.66%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	10.70%	11.08%	0.79x	1.22x	RM28.08 Million
2005	9.72%	10.84%	0.73x	1.23x	RM-11.99 Million
2006	9.71%	11.14%	0.69x	1.27x	RM-13.26 Million
2007	14.11%	13.70%	0.72x	1.42x	RM202.25 Million
2008	18.79%	13.25%	0.92x	1.54x	RM486.94 Million
2009	10.87%	9.20%	0.77x	1.53x	RM49.10 Million
2010	16.86%	13.51%	0.82x	1.53x	RM411.82 Million
2011	22.22%	15.57%	0.92x	1.55x	RM864.05 Million
2012	17.04%	12.03%	0.88x	1.60x	RM500.26 Million
2013	12.18%	10.03%	0.78x	1.56x	RM164.37 Million
2014	12.79%	8.91%	0.86x	1.66x	RM216.53 Million
2015	9.00%	6.37%	0.79x	1.79x	RM-96.73 Million
2016	15.24%	9.65%	0.90x	1.76x	RM547.73 Million
2017	8.69%	4.79%	1.08x	1.69x	RM-151.72 Million
2018	5.33%	3.31%	0.98x	1.65x	RM-533.13 Million
2019	5.96%	3.98%	0.76x	1.97x	RM-418.54 Million
2020	7.14%	4.95%	0.74x	1.93x	RM-310.10 Million
2021	19.04%	11.34%	0.71x	2.37x	RM1.07 Billion
2022	15.16%	7.98%	0.90x	2.12x	RM737.59 Million
2023	5.83%	3.53%	0.78x	2.10x	RM-597.61 Million
2024	4.31%	2.65%	0.73x	2.23x	RM-779.47 Million
2025	5.74%	3.27%	0.79x	2.23x	RM-607.09 Million

Industry Comparison

This section compares Kuala Lumpur Kepong Bhd's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $1,721,859,157
Average return on equity (ROE) among peers: -9.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Kuala Lumpur Kepong Bhd (2445)	RM15.49 Billion	10.70%	1.05x	$5.80 Billion
Digistar Corporation Bhd (0029)	$51.32 Million	-32.65%	6.55x	$5.51 Million
Key Alliance Group Bhd (0036)	$162.99 Million	7.72%	0.36x	$2.15 Million
MSCM Holdings Bhd (0041)	$29.37 Million	-83.59%	0.40x	$21.17 Million
Asdion Bhd (0068)	$20.25 Million	-8.60%	0.75x	$2.56 Million
EA Holdings Bhd (0154)	$175.50 Million	-28.79%	0.05x	$8.10 Million
Sports Toto Berhad (1562)	$766.90 Million	40.25%	2.46x	$433.37 Million
Batu Kawan Bhd (1899)	$7.37 Billion	4.05%	3.35x	$2.00 Billion
Hap Seng Consolidated Bhd (3034)	$4.39 Billion	17.18%	0.78x	$1.70 Billion
Berjaya Assets Bhd (3239)	$2.53 Billion	2.89%	0.39x	$179.84 Million

About Kuala Lumpur Kepong Bhd

KLSE:2445 Malaysia Conglomerates

Market Cap

$5.80 Billion

RM23.12 Billion MYR

Market Cap Rank

#3294 Global

#22 in Malaysia

Share Price

RM20.76

Change (1 day)

+0.58%

52-Week Range

RM18.60 - RM22.88

All Time High

RM27.11