Heineken Bhd
Heineken Malaysia Berhad, together with its subsidiaries, engages in producing, packaging, marketing, and distributing alcoholic beverages primarily in Malaysia. The company offers beers under the Heineken, Tiger, Guinness, Anchor, Edelweiss, and Kilkenny brand names; ciders under the Apple Fox brand name; shandy under the Anglia brand name; and non-alcoholic malt beverage under the Malta brand n… Read more
Heineken Bhd (3255) - Net Assets
Latest net assets as of December 2025: RM530.80 Million MYR
Based on the latest financial reports, Heineken Bhd (3255) has net assets worth RM530.80 Million MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.34 Billion) and total liabilities (RM811.00 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 | RM530.80 Million |
| % of Total Assets | 39.56% |
| Annual Growth Rate | 2.75% |
| 5-Year Change | 54.37% |
| 10-Year Change | 43.44% |
| Growth Volatility | 10.15 |
Heineken Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Heineken 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 Heineken Bhd (2012–2025)
The table below shows the annual net assets of Heineken Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM539.34 Million | +17.59% |
| 2024-06-30 | RM458.67 Million | -6.10% |
| 2023-06-30 | RM488.45 Million | +23.45% |
| 2022-06-30 | RM395.68 Million | +13.25% |
| 2021-06-30 | RM349.38 Million | -11.35% |
| 2020-06-30 | RM394.10 Million | +6.18% |
| 2019-06-30 | RM371.15 Million | +2.95% |
| 2018-06-30 | RM360.51 Million | -8.16% |
| 2017-06-30 | RM392.56 Million | +4.40% |
| 2015-06-30 | RM376.00 Million | +5.32% |
| 2014-06-30 | RM357.00 Million | -2.46% |
| 2013-06-30 | RM366.00 Million | -3.43% |
| 2012-06-30 | RM379.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heineken 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 60.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM386.73 Million | 71.70% |
| Common Stock | RM151.05 Million | 28.01% |
| Other Comprehensive Income | RM1.56 Million | 0.29% |
| Other Components | RM1.00 | 0.00% |
| Total Equity | RM539.34 Million | 100.00% |
Heineken Bhd Competitors by Market Cap
The table below lists competitors of Heineken Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NFI Group Inc
PINK:NFYEF
|
$681.44 Million |
|
TFS Financial Corporation
NASDAQ:TFSL
|
$681.60 Million |
|
freee K.K
PINK:FREKF
|
$681.68 Million |
|
Olav Thon Eien
OL:OLT
|
$681.70 Million |
|
INMODE LTD IS -01
F:154
|
$681.19 Million |
|
Bicara Therapeutics Inc. Common Stock
NASDAQ:BCAX
|
$681.15 Million |
|
Deutsche Pfandbriefbank AG
OTCGREY:PBBGF
|
$681.08 Million |
|
KODIAK SCIENCES DL-0001
F:K27
|
$681.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heineken Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 458,672,000 to 539,338,000, a change of 80,666,000 (17.6%).
- Net income of 466,749,000 contributed positively to equity growth.
- Dividend payments of 386,685,000 reduced retained earnings.
- Other comprehensive income increased equity by 601,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM466.75 Million | +86.54% |
| Dividends Paid | RM386.69 Million | -71.7% |
| Other Comprehensive Income | RM602.00K | +0.11% |
| Other Changes | RM1.00 | +0.0% |
| Total Change | RM- | 17.59% |
Book Value vs Market Value Analysis
This analysis compares Heineken 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: 12.58x
- 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 17.28x to 12.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | RM1.30 | RM22.46 | x |
| 2018-06-30 | RM1.19 | RM22.46 | x |
| 2019-06-30 | RM1.23 | RM22.46 | x |
| 2020-06-30 | RM1.30 | RM22.46 | x |
| 2021-06-30 | RM1.16 | RM22.46 | x |
| 2022-06-30 | RM1.31 | RM22.46 | x |
| 2023-06-30 | RM1.62 | RM22.46 | x |
| 2024-06-30 | RM1.52 | RM22.46 | x |
| 2025-06-30 | RM1.79 | RM22.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heineken 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): 86.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.69%
- • Asset Turnover: 2.19x
- • Equity Multiplier: 2.37x
- Recent ROE (86.54%) is above the historical average (79.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 108.84% | 15.20% | 3.45x | 2.07x | RM388.00 Million |
| 2018 | 74.91% | 13.99% | 2.22x | 2.41x | RM234.01 Million |
| 2019 | 76.12% | 13.92% | 2.16x | 2.53x | RM245.41 Million |
| 2020 | 79.41% | 13.49% | 2.11x | 2.79x | RM273.56 Million |
| 2021 | 44.13% | 8.75% | 1.68x | 3.00x | RM119.26 Million |
| 2022 | 62.09% | 12.41% | 1.82x | 2.75x | RM206.11 Million |
| 2023 | 84.52% | 14.46% | 2.03x | 2.88x | RM363.98 Million |
| 2024 | 101.76% | 16.69% | 2.24x | 2.72x | RM420.88 Million |
| 2025 | 86.54% | 16.69% | 2.19x | 2.37x | RM412.82 Million |
Industry Comparison
This section compares Heineken Bhd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $169,127,000
- Average return on equity (ROE) among peers: 163.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heineken Bhd (3255) | RM530.80 Million | 108.84% | 1.53x | $681.30 Million |
| Carlsberg Brewery Malaysia Bhd (2836) | $169.13 Million | 163.87% | 3.04x | $533.05 Million |