Hap Seng Consolidated Bhd
Hap Seng Consolidated Berhad, an investment holding company, engages in the plantation, property investment and development, credit financing, automotive, trading, and building materials businesses in Malaysia and internationally. The company cultivates oil palm, and harvests and processes fresh fruit bunches into crude palm oil. It holds and develops residential, commercial, and industrial prope… Read more
Hap Seng Consolidated Bhd (3034) - Net Assets
Latest net assets as of December 2025: RM9.39 Billion MYR
Based on the latest financial reports, Hap Seng Consolidated Bhd (3034) has net assets worth RM9.39 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM18.66 Billion) and total liabilities (RM9.28 Billion). 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 | RM9.39 Billion |
| % of Total Assets | 50.29% |
| Annual Growth Rate | 9.78% |
| 5-Year Change | 7.82% |
| 10-Year Change | 53.29% |
| Growth Volatility | 13.47 |
Hap Seng Consolidated Bhd - Net Assets Trend (2006–2025)
This chart illustrates how Hap Seng Consolidated 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 Hap Seng Consolidated Bhd (2006–2025)
The table below shows the annual net assets of Hap Seng Consolidated Bhd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM9.39 Billion | -0.37% |
| 2024-12-31 | RM9.42 Billion | +1.57% |
| 2023-12-31 | RM9.27 Billion | +3.12% |
| 2022-12-31 | RM8.99 Billion | +3.33% |
| 2021-12-31 | RM8.70 Billion | +0.54% |
| 2020-12-31 | RM8.66 Billion | +0.45% |
| 2019-12-31 | RM8.62 Billion | +3.88% |
| 2018-12-31 | RM8.30 Billion | +29.30% |
| 2017-12-31 | RM6.42 Billion | +4.80% |
| 2016-12-31 | RM6.12 Billion | +26.46% |
| 2015-12-31 | RM4.84 Billion | +10.39% |
| 2014-12-31 | RM4.39 Billion | +16.37% |
| 2013-12-31 | RM3.77 Billion | +0.13% |
| 2012-12-31 | RM3.76 Billion | +3.06% |
| 2011-12-31 | RM3.65 Billion | +25.21% |
| 2010-12-31 | RM2.92 Billion | +11.14% |
| 2009-12-31 | RM2.62 Billion | +1.82% |
| 2008-12-31 | RM2.58 Billion | +52.34% |
| 2007-12-31 | RM1.69 Billion | +6.15% |
| 2006-12-31 | RM1.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hap Seng Consolidated 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 412.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM4.32 Billion | 54.47% |
| Common Stock | RM3.52 Billion | 44.34% |
| Other Components | RM93.98 Million | 1.18% |
| Total Equity | RM7.94 Billion | 100.00% |
Hap Seng Consolidated Bhd Competitors by Market Cap
The table below lists competitors of Hap Seng Consolidated Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ponce Financial Group Inc
NASDAQ:PDLB
|
$288.24 Million |
|
Huali Industries
SHG:603038
|
$288.34 Million |
|
HOSHF
PINK:HOSHF
|
$288.34 Million |
|
Nanhua Bio Medicine Co Ltd
SHE:000504
|
$288.51 Million |
|
Yduqs Participações S.A
SA:YDUQ3
|
$288.17 Million |
|
Signature Bank
PINK:SBNYL
|
$288.11 Million |
|
Claros Mortgage Trust Inc
NYSE:CMTG
|
$288.08 Million |
|
Guangdong Marubi Biotechnology Co
SHG:603983
|
$287.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hap Seng Consolidated Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,978,975,000 to 7,937,427,000, a change of -41,548,000 (-0.5%).
- Net income of 500,323,000 contributed positively to equity growth.
- Dividend payments of 497,934,000 reduced retained earnings.
- Other comprehensive income decreased equity by 118,728,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM500.32 Million | +6.3% |
| Dividends Paid | RM497.93 Million | -6.27% |
| Other Comprehensive Income | RM-118.73 Million | -1.5% |
| Other Changes | RM74.79 Million | +0.94% |
| Total Change | RM- | -0.52% |
Book Value vs Market Value Analysis
This analysis compares Hap Seng Consolidated 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: 0.88x
- 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 4.07x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.69 | RM2.80 | x |
| 2007-12-31 | RM0.75 | RM2.80 | x |
| 2008-12-31 | RM1.18 | RM2.80 | x |
| 2009-12-31 | RM1.20 | RM2.80 | x |
| 2010-12-31 | RM1.33 | RM2.80 | x |
| 2011-12-31 | RM1.65 | RM2.80 | x |
| 2012-12-31 | RM1.57 | RM2.80 | x |
| 2013-12-31 | RM1.59 | RM2.80 | x |
| 2014-12-31 | RM1.80 | RM2.80 | x |
| 2015-12-31 | RM1.83 | RM2.80 | x |
| 2016-12-31 | RM2.21 | RM2.80 | x |
| 2017-12-31 | RM2.32 | RM2.80 | x |
| 2018-12-31 | RM2.82 | RM2.80 | x |
| 2019-12-31 | RM2.95 | RM2.80 | x |
| 2020-12-31 | RM3.01 | RM2.80 | x |
| 2021-12-31 | RM3.02 | RM2.80 | x |
| 2022-12-31 | RM3.08 | RM2.80 | x |
| 2023-12-31 | RM3.15 | RM2.80 | x |
| 2024-12-31 | RM3.20 | RM2.80 | x |
| 2025-12-31 | RM3.19 | RM2.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hap Seng Consolidated 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): 6.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.80%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.35x
- Recent ROE (6.30%) is below the historical average (12.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 6.05% | 5.97% | 0.51x | 1.98x | RM-56.91 Million |
| 2007 | 6.95% | 6.13% | 0.52x | 2.19x | RM-46.65 Million |
| 2008 | 13.64% | 9.92% | 0.57x | 2.41x | RM83.73 Million |
| 2009 | 4.29% | 4.07% | 0.50x | 2.11x | RM-133.27 Million |
| 2010 | 12.49% | 11.90% | 0.50x | 2.08x | RM64.51 Million |
| 2011 | 11.40% | 10.64% | 0.52x | 2.07x | RM46.26 Million |
| 2012 | 12.44% | 10.68% | 0.59x | 1.96x | RM82.77 Million |
| 2013 | 17.54% | 16.87% | 0.49x | 2.12x | RM252.87 Million |
| 2014 | 19.07% | 20.00% | 0.48x | 1.97x | RM358.29 Million |
| 2015 | 21.41% | 20.68% | 0.44x | 2.37x | RM484.21 Million |
| 2016 | 18.23% | 20.46% | 0.42x | 2.14x | RM451.89 Million |
| 2017 | 19.15% | 20.87% | 0.43x | 2.12x | RM527.47 Million |
| 2018 | 16.31% | 18.34% | 0.40x | 2.22x | RM443.07 Million |
| 2019 | 15.84% | 16.39% | 0.41x | 2.37x | RM428.85 Million |
| 2020 | 10.02% | 12.82% | 0.34x | 2.31x | RM1.75 Million |
| 2021 | 11.99% | 14.98% | 0.34x | 2.33x | RM149.69 Million |
| 2022 | 12.39% | 13.37% | 0.38x | 2.43x | RM183.29 Million |
| 2023 | 10.16% | 13.15% | 0.33x | 2.37x | RM12.68 Million |
| 2024 | 8.15% | 11.55% | 0.30x | 2.39x | RM-147.42 Million |
| 2025 | 6.30% | 9.80% | 0.27x | 2.35x | RM-293.42 Million |
Industry Comparison
This section compares Hap Seng Consolidated Bhd's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $2,189,386,639
- Average return on equity (ROE) among peers: -6.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hap Seng Consolidated Bhd (3034) | RM9.39 Billion | 6.05% | 0.99x | $288.24 Million |
| Digistar Corporation Bhd (0029) | $64.23 Million | 20.26% | 5.59x | $1.85 Million |
| Key Alliance Group Bhd (0036) | $41.31 Million | -10.37% | 0.81x | $1.39 Million |
| MSCM Holdings Bhd (0041) | $30.95 Million | 18.15% | 0.52x | $1.48 Million |
| Asdion Bhd (0068) | $11.85 Million | -65.79% | 0.48x | $1.33 Million |
| EA Holdings Bhd (0154) | $121.62 Million | -44.30% | 0.11x | $3.07 Million |
| Sports Toto Berhad (1562) | $1.25 Billion | 18.98% | 2.20x | $173.30 Million |
| Batu Kawan Bhd (1899) | $8.87 Billion | 5.88% | 0.60x | $248.59 Million |
| Berjaya Assets Bhd (3239) | $2.01 Billion | -6.15% | 0.63x | $25.63 Million |
| IJM Corporation Bhd (3336) | $7.30 Billion | 5.77% | 1.07x | $1.78 Billion |