Dutch Lady Milk Industries Bhd (3026) - Net Assets
Based on the latest financial reports, Dutch Lady Milk Industries Bhd (3026) has net assets worth RM622.10 Million MYR (≈ $156.19 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.05 Billion ≈ $264.64 Million USD) and total liabilities (RM431.97 Million ≈ $108.45 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. See Dutch Lady Milk Industries Bhd net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM622.10 Million |
| % of Total Assets | 59.02% |
| Annual Growth Rate | 7.8% |
| 5-Year Change | 49.82% |
| 10-Year Change | 246.34% |
| Growth Volatility | 37.91 |
Dutch Lady Milk Industries Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Dutch Lady Milk Industries Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 3026 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Dutch Lady Milk Industries Bhd (2012–2025)
The table below shows the annual net assets of Dutch Lady Milk Industries Bhd from 2012 to 2025. For live market cap and overall valuation, see market cap of Dutch Lady Milk Industries Bhd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM573.17 Million ≈ $143.91 Million |
+14.20% |
| 2024-12-31 | RM501.89 Million ≈ $126.01 Million |
+14.79% |
| 2023-12-31 | RM437.25 Million ≈ $109.78 Million |
+10.18% |
| 2022-12-31 | RM396.85 Million ≈ $99.64 Million |
+3.73% |
| 2021-12-31 | RM382.58 Million ≈ $96.05 Million |
+129.67% |
| 2020-12-31 | RM166.58 Million ≈ $41.82 Million |
+15.35% |
| 2019-12-31 | RM144.42 Million ≈ $36.26 Million |
+36.94% |
| 2018-12-31 | RM105.46 Million ≈ $26.48 Million |
+1.39% |
| 2017-12-31 | RM104.01 Million ≈ $26.11 Million |
-37.15% |
| 2016-12-31 | RM165.49 Million ≈ $41.55 Million |
+4.74% |
| 2015-12-31 | RM158.00 Million ≈ $39.67 Million |
0.00% |
| 2014-12-31 | RM158.00 Million ≈ $39.67 Million |
-15.96% |
| 2013-12-31 | RM188.00 Million ≈ $47.20 Million |
-12.96% |
| 2012-12-31 | RM216.00 Million ≈ $54.23 Million |
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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 401.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM509.18 Million | 88.83% |
| Common Stock | RM64.00 Million | 11.17% |
| Total Equity | RM573.17 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 |
|---|---|
|
MMTEC Inc
NASDAQ:MTC
|
$474.04 Million |
|
Lenzing Aktiengesellschaft
VI:LNZ
|
$474.06 Million |
|
Zhejiang Cheng Yi Pharmaceutical Co Ltd
SHG:603811
|
$474.06 Million |
|
Malam Team
TA:MLTM
|
$474.06 Million |
|
PTC India Limited
NSE:PTC
|
$473.78 Million |
|
Unifique Telecomunicações S.A.
SA:FIQE3
|
$473.51 Million |
|
Zhejiang Natural Outdoor Goods Inc.
SHG:605080
|
$473.47 Million |
|
Shanghai Guangdian Electric Group Co Ltd
SHG:601616
|
$473.45 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 2024 to 2025, total equity changed from 501,892,000 to 573,175,000, a change of 71,283,000 (14.2%).
- Net income of 103,283,000 contributed positively to equity growth.
- Dividend payments of 32,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM103.28 Million | +18.02% |
| Dividends Paid | RM32.00 Million | -5.58% |
| Total Change | RM- | 14.20% |
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: 3.29x
- 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 11.41x to 3.29x 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 | RM29.50 | x |
| 2017-12-31 | RM1.63 | RM29.50 | x |
| 2018-12-31 | RM1.65 | RM29.50 | x |
| 2019-12-31 | RM2.26 | RM29.50 | x |
| 2020-12-31 | RM2.60 | RM29.50 | x |
| 2021-12-31 | RM5.98 | RM29.50 | x |
| 2022-12-31 | RM6.20 | RM29.50 | x |
| 2023-12-31 | RM6.83 | RM29.50 | x |
| 2024-12-31 | RM7.84 | RM29.50 | x |
| 2025-12-31 | RM8.96 | RM29.50 | 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): 18.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.88%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 1.90x
- Recent ROE (18.02%) is below the historical average (57.17%), 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 |
| 2025 | 18.02% | 6.88% | 1.38x | 1.90x | RM45.97 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: $683,329,439
- Average return on equity (ROE) among peers: 25.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dutch Lady Milk Industries Bhd (3026) | RM622.10 Million | 90.08% | 0.69x | $474.01 Million |
| Three A Resources Bhd (0012) | $79.64 Million | 15.24% | 0.74x | $92.12 Million |
| Sunzen Biotech Bhd (0148) | $118.10 Million | 0.58% | 0.26x | $44.15 Million |
| Bioalpha Holdings Bhd (0179) | $97.99 Million | 8.66% | 0.16x | $5.30 Million |
| Nova Wellness Group Bhd (0201) | $19.37 Million | 70.79% | 0.36x | $30.01 Million |
| SDS Group Bhd (0212) | $81.53 Million | 13.02% | 0.76x | $51.36 Million |
| PTRB (0260) | $36.06 Million | 33.90% | 1.62x | $31.57 Million |
| MYMBN Berhad (0280) | $15.11 Million | 28.61% | 0.40x | $15.02 Million |
| SBH Marine Holdings Berhad (0300) | $81.34 Million | 15.86% | 0.26x | $36.79 Million |
| OB Holdings Berhad (0327) | $71.06 Million | 12.19% | 0.31x | $20.65 Million |
| IOI Corporation Bhd (1961) | $6.23 Billion | 54.11% | 1.46x | $7.20 Billion |
About Dutch Lady Milk Industries Bhd
Dutch Lady Milk Industries Berhad, a dairy company, manufactures and distributes various dairy products in Malaysia. The company offers UHT, pasteurized, and juicy milk; family milk powder; formulated milk powder and formula dietary food for children; liquid milk in different packaging formats; yoghurt; and specialized powders for infants and children. It sells its products under the Dutch Lady, … Read more