United Malacca Bhd
United Malacca Berhad, an investment holding company, engages in the palm oil cultivation, palm oil milling, and agroforestry plantation businesses in Malaysia and Indonesia. The company operates through two segments, Plantation and Investment Holding. It provides management consultancy services. The company was formerly known as The United Malacca Rubber Estates, Berhad. United Malacca Berhad wa… Read more
United Malacca Bhd (2593) - Net Assets
Latest net assets as of October 2025: RM1.54 Billion MYR
Based on the latest financial reports, United Malacca Bhd (2593) has net assets worth RM1.54 Billion MYR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.86 Billion) and total liabilities (RM319.41 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 | RM1.54 Billion |
| % of Total Assets | 82.85% |
| Annual Growth Rate | -0.21% |
| 5-Year Change | 14.84% |
| 10-Year Change | -12.04% |
| Growth Volatility | 6.28 |
United Malacca Bhd - Net Assets Trend (2013–2025)
This chart illustrates how United Malacca 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 Malacca Bhd (2013–2025)
The table below shows the annual net assets of United Malacca Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | RM1.50 Billion | +1.46% |
| 2024-04-30 | RM1.48 Billion | +3.31% |
| 2023-04-30 | RM1.43 Billion | +2.28% |
| 2022-04-30 | RM1.40 Billion | +7.12% |
| 2021-04-30 | RM1.31 Billion | -0.69% |
| 2020-04-30 | RM1.32 Billion | -0.06% |
| 2019-04-30 | RM1.32 Billion | -3.64% |
| 2018-04-30 | RM1.37 Billion | -3.02% |
| 2017-04-30 | RM1.41 Billion | -17.42% |
| 2016-04-30 | RM1.71 Billion | +1.71% |
| 2015-04-30 | RM1.68 Billion | +0.24% |
| 2014-04-30 | RM1.68 Billion | +8.69% |
| 2013-04-30 | RM1.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Malacca 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 103.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.28 Billion | 85.11% |
| Common Stock | RM255.38 Million | 16.99% |
| Total Equity | RM1.50 Billion | 100.00% |
United Malacca Bhd Competitors by Market Cap
The table below lists competitors of United Malacca Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agrana Beteiligungs AG
XETRA:AGB2
|
$154.15 Million |
|
ASRock Rack Incorporation
TW:7711
|
$154.17 Million |
|
Lionco Pharm Grp Co Ltd
SHG:603669
|
$154.20 Million |
|
Shenzhen New Land Co Ltd
SHE:300778
|
$154.21 Million |
|
VRG SA
WAR:VRG
|
$154.13 Million |
|
Super-Dragon Engineering Plastics Co. Ltd
SHE:301131
|
$154.12 Million |
|
Tonghua Grape Wine Co Ltd
SHG:600365
|
$154.07 Million |
|
Thinkingdom Media Group Ltd
SHG:603096
|
$154.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Malacca Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,451,830,000 to 1,502,883,000, a change of 51,053,000 (3.5%).
- Net income of 96,443,000 contributed positively to equity growth.
- Dividend payments of 25,172,000 reduced retained earnings.
- Other factors decreased equity by 20,218,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM96.44 Million | +6.42% |
| Dividends Paid | RM25.17 Million | -1.67% |
| Other Changes | RM-20.22 Million | -1.35% |
| Total Change | RM- | 3.52% |
Book Value vs Market Value Analysis
This analysis compares United Malacca 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: 0.80x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-04-30 | RM6.74 | RM5.73 | x |
| 2018-04-30 | RM6.53 | RM5.73 | x |
| 2019-04-30 | RM6.29 | RM5.73 | x |
| 2020-04-30 | RM6.28 | RM5.73 | x |
| 2021-04-30 | RM6.24 | RM5.73 | x |
| 2022-04-30 | RM6.68 | RM5.73 | x |
| 2023-04-30 | RM6.84 | RM5.73 | x |
| 2024-04-30 | RM6.92 | RM5.73 | x |
| 2025-04-30 | RM7.16 | RM5.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Malacca 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): 6.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.56%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.23x
- Recent ROE (6.42%) is above the historical average (3.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.49% | 28.96% | 0.10x | 1.21x | RM-111.29 Million |
| 2017 | 5.99% | 30.78% | 0.14x | 1.34x | RM-56.55 Million |
| 2018 | 1.84% | 9.05% | 0.15x | 1.33x | RM-111.67 Million |
| 2019 | -2.96% | -19.16% | 0.11x | 1.41x | RM-170.88 Million |
| 2020 | 1.24% | 5.55% | 0.16x | 1.36x | RM-115.47 Million |
| 2021 | 0.99% | 3.27% | 0.23x | 1.32x | RM-117.86 Million |
| 2022 | 7.72% | 19.53% | 0.30x | 1.31x | RM-32.00 Million |
| 2023 | 4.28% | 10.14% | 0.33x | 1.28x | RM-82.06 Million |
| 2024 | 3.47% | 8.47% | 0.32x | 1.27x | RM-94.73 Million |
| 2025 | 6.42% | 13.56% | 0.38x | 1.23x | RM-53.85 Million |
Industry Comparison
This section compares United Malacca 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 |
|---|---|---|---|---|
| United Malacca Bhd (2593) | RM1.54 Billion | 3.49% | 0.21x | $154.13 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 |