Riverview Rubber Estates Bhd
Riverview Rubber Estates, Berhad engages in the cultivation of oil palm in Peninsular Malaysia. It operates oil palm plantations. The company was incorporated in 1936 and is based in Ipoh, Malaysia. Riverview Rubber Estates, Berhad is a subsidiary of Sungei Ream Holdings Sendirian Berhad.
Riverview Rubber Estates Bhd (2542) - Net Assets
Latest net assets as of September 2025: RM362.38 Million MYR
Based on the latest financial reports, Riverview Rubber Estates Bhd (2542) has net assets worth RM362.38 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM406.55 Million) and total liabilities (RM44.17 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 | RM362.38 Million |
| % of Total Assets | 89.13% |
| Annual Growth Rate | 1.27% |
| 5-Year Change | 32.14% |
| 10-Year Change | 10.3% |
| Growth Volatility | 14.26 |
Riverview Rubber Estates Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Riverview Rubber Estates 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 Riverview Rubber Estates Bhd (2012–2024)
The table below shows the annual net assets of Riverview Rubber Estates Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM358.46 Million | +0.44% |
| 2023-12-31 | RM356.89 Million | -2.71% |
| 2022-12-31 | RM366.82 Million | -3.18% |
| 2021-12-31 | RM378.88 Million | +39.66% |
| 2020-12-31 | RM271.28 Million | +2.05% |
| 2019-12-31 | RM265.83 Million | -0.05% |
| 2018-12-31 | RM265.97 Million | -0.26% |
| 2017-12-31 | RM266.65 Million | +2.97% |
| 2016-12-31 | RM258.95 Million | -20.32% |
| 2015-12-31 | RM325.00 Million | -11.20% |
| 2014-12-31 | RM366.00 Million | 0.00% |
| 2013-12-31 | RM366.00 Million | +18.83% |
| 2012-12-31 | RM308.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Riverview Rubber Estates 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 381.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM293.61 Million | 81.91% |
| Common Stock | RM64.85 Million | 18.09% |
| Total Equity | RM358.46 Million | 100.00% |
Riverview Rubber Estates Bhd Competitors by Market Cap
The table below lists competitors of Riverview Rubber Estates Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EMC Instytut Medyczny SA
WAR:EMC
|
$12.12 Million |
|
Audacia SAS
PA:ALAUD
|
$12.12 Million |
|
Town Center Bank
OTCQX:TCNB
|
$12.12 Million |
|
Can One Bhd
KLSE:5105
|
$12.13 Million |
|
Lippo Cikarang Tbk
JK:LPCK
|
$12.11 Million |
|
Hyprop
JSE:HYP
|
$12.10 Million |
|
PT Black Diamond Resources Tbk
JK:COAL
|
$12.10 Million |
|
Kunming Longjin Pharmaceutical Co Ltd
SHE:002750
|
$12.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Riverview Rubber Estates Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 356,889,000 to 358,458,800, a change of 1,569,800 (0.4%).
- Net income of 8,020,710 contributed positively to equity growth.
- Dividend payments of 9,727,570 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM8.02 Million | +2.24% |
| Dividends Paid | RM9.73 Million | -2.71% |
| Other Changes | RM3.28 Million | +0.91% |
| Total Change | RM- | 0.44% |
Book Value vs Market Value Analysis
This analysis compares Riverview Rubber Estates 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: 0.53x
- 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 0.73x to 0.53x 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 | RM3.99 | RM2.92 | x |
| 2017-12-31 | RM4.11 | RM2.92 | x |
| 2018-12-31 | RM4.10 | RM2.92 | x |
| 2019-12-31 | RM4.10 | RM2.92 | x |
| 2020-12-31 | RM4.18 | RM2.92 | x |
| 2021-12-31 | RM5.84 | RM2.92 | x |
| 2022-12-31 | RM5.66 | RM2.92 | x |
| 2023-12-31 | RM5.50 | RM2.92 | x |
| 2024-12-31 | RM5.53 | RM2.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Riverview Rubber Estates 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): 2.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.28%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.12x
- Recent ROE (2.24%) is below the historical average (3.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.98% | 19.35% | 0.09x | 1.16x | RM-24.37 Million |
| 2016 | 4.31% | 35.67% | 0.10x | 1.17x | RM-14.73 Million |
| 2017 | 5.76% | 35.50% | 0.13x | 1.21x | RM-11.31 Million |
| 2018 | 1.91% | 17.70% | 0.09x | 1.16x | RM-21.52 Million |
| 2019 | 0.82% | 8.49% | 0.08x | 1.15x | RM-24.40 Million |
| 2020 | 4.15% | 30.85% | 0.12x | 1.16x | RM-15.87 Million |
| 2021 | 6.13% | 41.82% | 0.13x | 1.15x | RM-14.66 Million |
| 2022 | 3.84% | 25.63% | 0.13x | 1.14x | RM-22.60 Million |
| 2023 | 1.75% | 18.15% | 0.09x | 1.12x | RM-29.44 Million |
| 2024 | 2.24% | 24.28% | 0.08x | 1.12x | RM-27.83 Million |
Industry Comparison
This section compares Riverview Rubber Estates Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $444,702,596
- Average return on equity (ROE) among peers: 1.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Riverview Rubber Estates Bhd (2542) | RM362.38 Million | 1.98% | 0.12x | $12.11 Million |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $2.27 Million |
| MAG Holdings Berhad (0095) | $473.76 Million | -1.41% | 0.15x | $29.82 Million |
| Greenyield Bhd (0136) | $54.42 Million | -0.73% | 0.43x | $3.29 Million |
| Heng Huat Resources Group Bhd (0175) | $231.51 Million | 3.70% | 0.31x | $7.31 Million |
| Matang Bhd (0189) | $248.32 Million | 2.40% | 0.03x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $184.30 Million | -6.00% | -0.03x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $651.35 Million | 10.97% | 0.05x | $63.45 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $545.52 Million | -0.47% | 0.35x | $25.62 Million |
| TDM Berhad (2054) | $1.43 Billion | 1.62% | 0.87x | $25.63 Million |