Riverview Rubber Estates Bhd (2542) - Net Assets
Based on the latest financial reports, Riverview Rubber Estates Bhd (2542) has net assets worth RM368.34 Million MYR (≈ $92.48 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 (RM401.73 Million ≈ $100.86 Million USD) and total liabilities (RM33.39 Million ≈ $8.38 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. Also explore total assets of Riverview Rubber Estates Bhd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM368.34 Million |
| % of Total Assets | 91.69% |
| Annual Growth Rate | 1.18% |
| 5-Year Change | -5.26% |
| 10-Year Change | 38.61% |
| Growth Volatility | 13.71 |
Riverview Rubber Estates Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Riverview Rubber Estates Bhd's net assets have evolved over time, based on quarterly financial data. Check Riverview Rubber Estates Bhd (2542) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Riverview Rubber Estates Bhd (2012–2025)
The table below shows the annual net assets of Riverview Rubber Estates Bhd from 2012 to 2025. For live valuation and market cap data, see Riverview Rubber Estates Bhd (2542) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM358.93 Million ≈ $90.12 Million |
+0.13% |
| 2024-12-31 | RM358.46 Million ≈ $90.00 Million |
+0.44% |
| 2023-12-31 | RM356.89 Million ≈ $89.60 Million |
-2.71% |
| 2022-12-31 | RM366.82 Million ≈ $92.10 Million |
-3.18% |
| 2021-12-31 | RM378.88 Million ≈ $95.12 Million |
+39.66% |
| 2020-12-31 | RM271.28 Million ≈ $68.11 Million |
+2.05% |
| 2019-12-31 | RM265.83 Million ≈ $66.74 Million |
-0.05% |
| 2018-12-31 | RM265.97 Million ≈ $66.78 Million |
-0.26% |
| 2017-12-31 | RM266.65 Million ≈ $66.95 Million |
+2.97% |
| 2016-12-31 | RM258.95 Million ≈ $65.01 Million |
-20.32% |
| 2015-12-31 | RM325.00 Million ≈ $81.60 Million |
-11.20% |
| 2014-12-31 | RM366.00 Million ≈ $91.89 Million |
0.00% |
| 2013-12-31 | RM366.00 Million ≈ $91.89 Million |
+18.83% |
| 2012-12-31 | RM308.00 Million ≈ $77.33 Million |
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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 382.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM294.08 Million | 81.93% |
| Common Stock | RM64.85 Million | 18.07% |
| Total Equity | RM358.93 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 |
|---|---|
|
Turism Felix B
RO:TUFE
|
$48.05 Million |
|
Lion Chemtech Co. Ltd
KQ:171120
|
$48.08 Million |
|
Keum Kang Steel Co. Ltd
KQ:053260
|
$48.09 Million |
|
Anson Resources Ltd
AU:ASN
|
$48.13 Million |
|
Suratwwala Business Group Limited
NSE:SBGLP
|
$48.03 Million |
|
Leading Edge Materials Corp
V:LEM
|
$48.03 Million |
|
Sungchang Hold
KO:000180
|
$48.03 Million |
|
Havanna Holding SA
BA:HAVA
|
$48.02 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 2024 to 2025, total equity changed from 358,458,800 to 358,929,000, a change of 470,200 (0.1%).
- Net income of 6,922,000 contributed positively to equity growth.
- Dividend payments of 6,485,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.92 Million | +1.93% |
| Dividends Paid | RM6.49 Million | -1.81% |
| Other Changes | RM33.20K | +0.01% |
| Total Change | RM- | 0.13% |
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 0.74x 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 | RM2.95 | x |
| 2017-12-31 | RM4.11 | RM2.95 | x |
| 2018-12-31 | RM4.10 | RM2.95 | x |
| 2019-12-31 | RM4.10 | RM2.95 | x |
| 2020-12-31 | RM4.18 | RM2.95 | x |
| 2021-12-31 | RM5.84 | RM2.95 | x |
| 2022-12-31 | RM5.66 | RM2.95 | x |
| 2023-12-31 | RM5.50 | RM2.95 | x |
| 2024-12-31 | RM5.53 | RM2.95 | x |
| 2025-12-31 | RM5.53 | RM2.95 | 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): 1.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.87%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.13x
- Recent ROE (1.93%) is below the historical average (3.16%), 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 |
| 2025 | 1.93% | 22.87% | 0.07x | 1.13x | RM-28.97 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: $415,667,911
- Average return on equity (ROE) among peers: -1.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Riverview Rubber Estates Bhd (2542) | RM368.34 Million | 1.98% | 0.09x | $48.03 Million |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $4.77 Million |
| MAG Holdings Berhad (0095) | $601.22 Million | -30.43% | 0.83x | $83.59 Million |
| Greenyield Bhd (0136) | $57.31 Million | 4.41% | 0.36x | $24.35 Million |
| Heng Huat Resources Group Bhd (0175) | $78.95 Million | -4.44% | 0.93x | $48.29 Million |
| Matang Bhd (0189) | $186.58 Million | 0.98% | 0.01x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $184.30 Million | -6.00% | -0.03x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $809.07 Million | 13.29% | 0.05x | $253.70 Million |
| Kretam Holdings Bhd (1996) | $900.00 Million | 4.44% | 0.20x | $386.07 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $608.49 Million | 2.97% | 0.34x | $94.65 Million |
| TDM Berhad (2054) | $708.78 Million | -4.16% | 1.46x | $90.84 Million |
About Riverview Rubber Estates Bhd
Riverview Rubber Estates, Berhad produces and sells oil palm fresh fruit bunches in Peninsular Malaysia. It operates oil palm plantations. The company was incorporated in 1936 and is based in Ipoh, Malaysia. Riverview Rubber Estates, Berhad operates as a subsidiary of Sungei Ream Holdings Sendirian Berhad.