Dutch Lady Milk Industries Bhd
Dutch Lady Milk Industries Berhad, a dairy company, produces and distributes various dairy products primarily in Malaysia. The company offers UHT milk, formulated milk powder, and cream milk, as well as chocolate, strawberry, banana, coffee, and kurma flavored milk; eating and drinking yoghurt products; specialized powders for infant and growing up children; and protein products. It offers its pr… Read more
Dutch Lady Milk Industries Bhd (3026) - Net Assets
Latest net assets as of September 2025: RM566.38 Million MYR
Based on the latest financial reports, Dutch Lady Milk Industries Bhd (3026) has net assets worth RM566.38 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 (RM1.05 Billion) and total liabilities (RM487.47 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 | RM566.38 Million |
| % of Total Assets | 53.74% |
| Annual Growth Rate | 7.28% |
| 5-Year Change | 201.29% |
| 10-Year Change | 217.65% |
| Growth Volatility | 39.46 |
Dutch Lady Milk Industries Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Dutch Lady Milk Industries 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 Dutch Lady Milk Industries Bhd (2012–2024)
The table below shows the annual net assets of Dutch Lady Milk Industries Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM501.89 Million | +14.79% |
| 2023-12-31 | RM437.25 Million | +10.18% |
| 2022-12-31 | RM396.85 Million | +3.73% |
| 2021-12-31 | RM382.58 Million | +129.67% |
| 2020-12-31 | RM166.58 Million | +15.35% |
| 2019-12-31 | RM144.42 Million | +36.94% |
| 2018-12-31 | RM105.46 Million | +1.39% |
| 2017-12-31 | RM104.01 Million | -37.15% |
| 2016-12-31 | RM165.49 Million | +4.74% |
| 2015-12-31 | RM158.00 Million | 0.00% |
| 2014-12-31 | RM158.00 Million | -15.96% |
| 2013-12-31 | RM188.00 Million | -12.96% |
| 2012-12-31 | RM216.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dutch Lady Milk Industries 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 331.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM437.89 Million | 87.25% |
| Common Stock | RM64.00 Million | 12.75% |
| Total Equity | RM501.89 Million | 100.00% |
Dutch Lady Milk Industries Bhd Competitors by Market Cap
The table below lists competitors of Dutch Lady Milk Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Linhai Co Ltd
SHG:600099
|
$182.06 Million |
|
Global Indemnity Group, LLC Class A Common Stock
NASDAQ:GBLI
|
$182.12 Million |
|
Humacyte Inc
NASDAQ:HUMA
|
$182.16 Million |
|
InnovAge Holding Corp
NASDAQ:INNV
|
$182.19 Million |
|
CapMan Oyj Series B
LSE:0E1L
|
$181.82 Million |
|
Halla Holdings Corp
KO:060980
|
$181.82 Million |
|
LUOYANG GLASS CO. H YC 1
F:LUG
|
$181.80 Million |
|
Panda Dairy Corp
SHE:300898
|
$181.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dutch Lady Milk Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 437,245,000 to 501,892,000, a change of 64,647,000 (14.8%).
- Net income of 96,647,000 contributed positively to equity growth.
- Dividend payments of 32,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM96.65 Million | +19.26% |
| Dividends Paid | RM32.00 Million | -6.38% |
| Total Change | RM- | 14.79% |
Book Value vs Market Value Analysis
This analysis compares Dutch Lady Milk Industries 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: 4.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.30x to 4.06x 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 | RM2.59 | RM31.80 | x |
| 2017-12-31 | RM1.63 | RM31.80 | x |
| 2018-12-31 | RM1.65 | RM31.80 | x |
| 2019-12-31 | RM2.26 | RM31.80 | x |
| 2020-12-31 | RM2.60 | RM31.80 | x |
| 2021-12-31 | RM5.98 | RM31.80 | x |
| 2022-12-31 | RM6.20 | RM31.80 | x |
| 2023-12-31 | RM6.83 | RM31.80 | x |
| 2024-12-31 | RM7.84 | RM31.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dutch Lady Milk Industries 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): 19.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.69%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 2.14x
- Recent ROE (19.26%) is below the historical average (61.51%), 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 | 90.08% | 14.23% | 2.01x | 3.15x | RM132.52 Million |
| 2017 | 113.18% | 11.06% | 2.71x | 3.77x | RM107.32 Million |
| 2018 | 122.75% | 12.35% | 2.59x | 3.84x | RM118.90 Million |
| 2019 | 71.29% | 9.65% | 2.40x | 3.07x | RM88.52 Million |
| 2020 | 44.04% | 6.67% | 2.21x | 2.99x | RM56.70 Million |
| 2021 | 64.82% | 21.87% | 1.62x | 1.83x | RM209.74 Million |
| 2022 | 11.66% | 3.45% | 1.59x | 2.13x | RM6.59 Million |
| 2023 | 16.56% | 5.02% | 1.52x | 2.17x | RM28.67 Million |
| 2024 | 19.26% | 6.69% | 1.35x | 2.14x | RM46.46 Million |
Industry Comparison
This section compares Dutch Lady Milk Industries Bhd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $67,521,143
- Average return on equity (ROE) among peers: 15.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dutch Lady Milk Industries Bhd (3026) | RM566.38 Million | 90.08% | 0.86x | $182.02 Million |
| Three A Resources Bhd (0012) | $69.82 Million | 14.48% | 0.75x | $21.07 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $13.06 Million |
| Bioalpha Holdings Bhd (0179) | $186.67 Million | -0.69% | 0.16x | $3.34 Million |
| Nova Wellness Group Bhd (0201) | $93.94 Million | 15.49% | 0.11x | $3.85 Million |
| SDS Group Bhd (0212) | $38.22 Million | 20.13% | 2.25x | $13.16 Million |
| PTRB (0260) | $36.06 Million | 33.90% | 1.62x | $6.42 Million |
| MYMBN Berhad (0280) | $35.86 Million | 2.72% | 0.27x | $8.98 Million |
| SBH Marine Holdings Berhad (0300) | $77.33 Million | 10.74% | 0.33x | $4.98 Million |
| Sik Cheong Berhad (0316) | $19.96 Million | 30.20% | 0.23x | $1.75 Million |
| OB Holdings Berhad (0327) | $20.10 Million | 23.44% | 0.52x | $3.03 Million |