Land General Bhd
Land & General Berhad, an investment holding company, engages in the property development business in Malaysia and Australia. It operates through three segments: Property Development, Education, and Other. The company is involved in the development of residential and commercial properties; operation of co-education schools from kindergarten to secondary education; land cultivation; and investment… Read more
Land General Bhd (3174) - Net Assets
Latest net assets as of December 2025: RM1.25 Billion MYR
Based on the latest financial reports, Land General Bhd (3174) has net assets worth RM1.25 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 (RM1.80 Billion) and total liabilities (RM555.10 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 | RM1.25 Billion |
| % of Total Assets | 69.24% |
| Annual Growth Rate | 10.4% |
| 5-Year Change | 3.07% |
| 10-Year Change | 64.48% |
| Growth Volatility | 23.63 |
Land General Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Land General 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 Land General Bhd (2013–2025)
The table below shows the annual net assets of Land General Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM1.15 Billion | -6.23% |
| 2024-03-31 | RM1.22 Billion | +8.57% |
| 2023-03-31 | RM1.13 Billion | +0.90% |
| 2022-03-31 | RM1.12 Billion | +0.34% |
| 2021-03-31 | RM1.11 Billion | +3.02% |
| 2020-03-31 | RM1.08 Billion | -1.37% |
| 2019-03-31 | RM1.10 Billion | -0.80% |
| 2018-03-31 | RM1.10 Billion | +67.72% |
| 2017-03-31 | RM658.34 Million | -5.60% |
| 2016-03-31 | RM697.39 Million | +0.78% |
| 2015-03-31 | RM692.00 Million | +26.97% |
| 2014-03-31 | RM545.00 Million | +55.71% |
| 2013-03-31 | RM350.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Land General 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 18.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM486.95 Million | 42.45% |
| Common Stock | RM660.23 Million | 57.56% |
| Total Equity | RM1.15 Billion | 100.00% |
Land General Bhd Competitors by Market Cap
The table below lists competitors of Land General Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hana Must SPAC 2
KQ:208370
|
$47.82 Million |
|
Metrovacesa S.A
OTCGREY:MRVCF
|
$47.82 Million |
|
Linedata Services S.A.
PA:LIN
|
$47.86 Million |
|
Citra Borneo Utama
JK:CBUT
|
$47.87 Million |
|
Fluent Inc
NASDAQ:FLNT
|
$47.80 Million |
|
ENIGMATIG LIMITED
NYSE MKT:EGG
|
$47.80 Million |
|
Sanix Incorporated
MU:NX8
|
$47.80 Million |
|
Electra Battery Materials Corp
NASDAQ:ELBM
|
$47.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Land General Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,132,751,000 to 1,147,049,000, a change of 14,298,000 (1.3%).
- Net income of 36,366,000 contributed positively to equity growth.
- Dividend payments of 20,812,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM36.37 Million | +3.17% |
| Dividends Paid | RM20.81 Million | -1.81% |
| Other Changes | RM-1.26 Million | -0.11% |
| Total Change | RM- | 1.26% |
Book Value vs Market Value Analysis
This analysis compares Land General 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: 0.35x
- 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 increased from 0.23x to 0.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.59 | RM0.14 | x |
| 2018-03-31 | RM0.38 | RM0.14 | x |
| 2019-03-31 | RM0.37 | RM0.14 | x |
| 2020-03-31 | RM0.36 | RM0.14 | x |
| 2021-03-31 | RM0.37 | RM0.14 | x |
| 2022-03-31 | RM0.38 | RM0.14 | x |
| 2023-03-31 | RM0.38 | RM0.14 | x |
| 2024-03-31 | RM0.38 | RM0.14 | x |
| 2025-03-31 | RM0.39 | RM0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Land General 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): 3.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.65%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.52x
- Recent ROE (3.17%) is below the historical average (4.24%), 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 | 13.62% | 27.77% | 0.30x | 1.61x | RM25.26 Million |
| 2017 | 5.40% | 75.28% | 0.04x | 1.69x | RM-30.31 Million |
| 2018 | 6.07% | 72.18% | 0.06x | 1.40x | RM-43.34 Million |
| 2019 | 3.80% | 31.00% | 0.09x | 1.41x | RM-67.86 Million |
| 2020 | 1.38% | 10.66% | 0.09x | 1.45x | RM-93.14 Million |
| 2021 | 2.74% | 22.58% | 0.08x | 1.47x | RM-80.83 Million |
| 2022 | 1.76% | 10.20% | 0.12x | 1.44x | RM-92.00 Million |
| 2023 | 2.37% | 10.72% | 0.15x | 1.48x | RM-85.96 Million |
| 2024 | 2.05% | 10.70% | 0.13x | 1.50x | RM-90.10 Million |
| 2025 | 3.17% | 12.65% | 0.17x | 1.52x | RM-78.34 Million |
Industry Comparison
This section compares Land General Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Land General Bhd (3174) | RM1.25 Billion | 13.62% | 0.44x | $47.82 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |