Carlsberg Brewery Malaysia Bhd (2836) - Net Assets
Based on the latest financial reports, Carlsberg Brewery Malaysia Bhd (2836) has net assets worth RM326.13 Million MYR (≈ $81.88 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.05 Billion ≈ $263.40 Million USD) and total liabilities (RM723.01 Million ≈ $181.53 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. Check Carlsberg Brewery Malaysia Bhd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM326.13 Million |
| % of Total Assets | 31.09% |
| Annual Growth Rate | 0.47% |
| 5-Year Change | 51.28% |
| 10-Year Change | 1.38% |
| Growth Volatility | 24.02 |
Carlsberg Brewery Malaysia Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Carlsberg Brewery Malaysia Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Carlsberg Brewery Malaysia Bhd total assets for the complete picture of this company's asset base.
Annual Net Assets for Carlsberg Brewery Malaysia Bhd (2012–2025)
The table below shows the annual net assets of Carlsberg Brewery Malaysia Bhd from 2012 to 2025. For live valuation and market cap data, see Carlsberg Brewery Malaysia Bhd (2836) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM326.13 Million ≈ $81.88 Million |
+15.14% |
| 2024-12-31 | RM283.24 Million ≈ $71.11 Million |
+20.74% |
| 2023-12-31 | RM234.60 Million ≈ $58.90 Million |
+52.22% |
| 2022-12-31 | RM154.12 Million ≈ $38.69 Million |
-28.51% |
| 2021-12-31 | RM215.58 Million ≈ $54.13 Million |
+28.43% |
| 2020-12-31 | RM167.86 Million ≈ $42.14 Million |
+13.05% |
| 2019-12-31 | RM148.48 Million ≈ $37.28 Million |
-12.21% |
| 2018-12-31 | RM169.13 Million ≈ $42.46 Million |
-43.44% |
| 2017-12-31 | RM299.02 Million ≈ $75.07 Million |
-7.05% |
| 2016-12-31 | RM321.69 Million ≈ $80.77 Million |
-6.21% |
| 2015-12-31 | RM343.00 Million ≈ $86.12 Million |
+3.31% |
| 2014-12-31 | RM332.00 Million ≈ $83.35 Million |
+16.90% |
| 2013-12-31 | RM284.00 Million ≈ $71.30 Million |
-7.49% |
| 2012-12-31 | RM307.00 Million ≈ $77.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Carlsberg Brewery Malaysia 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 39.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM211.20 Million | 65.70% |
| Common Stock | RM149.36 Million | 46.46% |
| Other Comprehensive Income | RM-39.10 Million | -12.16% |
| Total Equity | RM321.46 Million | 100.00% |
Carlsberg Brewery Malaysia Bhd Competitors by Market Cap
The table below lists competitors of Carlsberg Brewery Malaysia Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shantou Dongfeng Printing Co Ltd
SHG:601515
|
$1.28 Billion |
|
Saurer Intelligent Technology Co Ltd Class A
SHG:600545
|
$1.28 Billion |
|
Acbel Polytech Inc
TW:6282
|
$1.28 Billion |
|
Shijiazhuang Kelin Elec Co
SHG:603050
|
$1.28 Billion |
|
Jiangsu Jiuding New Material Co Ltd
SHE:002201
|
$1.28 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
$1.28 Billion |
|
Aerospace Cf
SHG:600855
|
$1.28 Billion |
|
Bicara Therapeutics Inc. Common Stock
NASDAQ:BCAX
|
$1.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carlsberg Brewery Malaysia Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 278,198,000 to 321,459,000, a change of 43,261,000 (15.6%).
- Net income of 375,637,000 contributed positively to equity growth.
- Dividend payments of 308,805,000 reduced retained earnings.
- Other comprehensive income decreased equity by 17,862,000.
- Other factors decreased equity by 5,709,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM375.64 Million | +116.85% |
| Dividends Paid | RM308.81 Million | -96.06% |
| Other Comprehensive Income | RM-17.86 Million | -5.56% |
| Other Changes | RM-5.71 Million | -1.78% |
| Total Change | RM- | 15.55% |
Book Value vs Market Value Analysis
This analysis compares Carlsberg Brewery Malaysia 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: 15.83x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.05 | RM16.64 | x |
| 2017-12-31 | RM0.98 | RM16.64 | x |
| 2018-12-31 | RM0.55 | RM16.64 | x |
| 2019-12-31 | RM0.49 | RM16.64 | x |
| 2020-12-31 | RM0.55 | RM16.64 | x |
| 2021-12-31 | RM0.69 | RM16.64 | x |
| 2022-12-31 | RM0.48 | RM16.64 | x |
| 2023-12-31 | RM0.75 | RM16.64 | x |
| 2024-12-31 | RM0.91 | RM16.64 | x |
| 2025-12-31 | RM1.05 | RM16.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carlsberg Brewery Malaysia 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): 116.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.62%
- • Asset Turnover: 2.15x
- • Equity Multiplier: 3.26x
- Recent ROE (116.85%) is below the historical average (128.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 63.72% | 12.20% | 2.54x | 2.06x | RM172.81 Million |
| 2017 | 73.96% | 12.51% | 2.71x | 2.18x | RM191.26 Million |
| 2018 | 163.87% | 13.98% | 2.90x | 4.04x | RM260.24 Million |
| 2019 | 196.00% | 12.90% | 3.32x | 4.58x | RM276.18 Million |
| 2020 | 96.62% | 9.09% | 2.80x | 3.79x | RM145.39 Million |
| 2021 | 95.20% | 11.34% | 2.19x | 3.83x | RM179.88 Million |
| 2022 | 214.72% | 13.14% | 2.28x | 7.17x | RM302.28 Million |
| 2023 | 142.84% | 14.47% | 2.22x | 4.44x | RM304.35 Million |
| 2024 | 121.17% | 14.18% | 2.10x | 4.07x | RM309.26 Million |
| 2025 | 116.85% | 16.62% | 2.15x | 3.26x | RM343.49 Million |
Industry Comparison
This section compares Carlsberg Brewery Malaysia Bhd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $379,000,000
- Average return on equity (ROE) among peers: 54.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carlsberg Brewery Malaysia Bhd (2836) | RM326.13 Million | 63.72% | 2.22x | $1.28 Billion |
| Heineken Bhd (3255) | $379.00 Million | 54.62% | 1.06x | $1.73 Billion |
About Carlsberg Brewery Malaysia Bhd
Carlsberg Brewery Malaysia Berhad, together with its subsidiaries, engages in the production, distribution, and sale of beer, stout, cider, shandy, liquor, and non-alcoholic beverages in Malaysia, Singapore, and internationally. The company offers its products under the Jing-A, Brooklyn, Tuborg Strong, Carlsberg 0.0 Wheat, Carlsberg Special Brew, Carlsberg Smooth Draught, Sapporo, Carlsberg Danis… Read more