Keck Seng Malaysia Bhd (3476) - Net Assets
Based on the latest financial reports, Keck Seng Malaysia Bhd (3476) has net assets worth RM2.94 Billion MYR (≈ $739.03 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM3.24 Billion ≈ $813.72 Million USD) and total liabilities (RM297.49 Million ≈ $74.69 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. Also explore 3476 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM2.94 Billion |
| % of Total Assets | 90.82% |
| Annual Growth Rate | 3.05% |
| 5-Year Change | 21.93% |
| 10-Year Change | 32.25% |
| Growth Volatility | 6.14 |
Keck Seng Malaysia Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Keck Seng Malaysia Bhd's net assets have evolved over time, based on quarterly financial data. Check 3476 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Keck Seng Malaysia Bhd (2012–2025)
The table below shows the annual net assets of Keck Seng Malaysia Bhd from 2012 to 2025. For live valuation and market cap data, see how much is Keck Seng Malaysia Bhd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM2.92 Billion ≈ $733.90 Million |
+1.91% |
| 2024-12-31 | RM2.87 Billion ≈ $720.12 Million |
+2.95% |
| 2023-12-31 | RM2.79 Billion ≈ $699.45 Million |
+7.93% |
| 2022-12-31 | RM2.58 Billion ≈ $648.08 Million |
+7.67% |
| 2021-12-31 | RM2.40 Billion ≈ $601.89 Million |
+11.29% |
| 2020-12-31 | RM2.15 Billion ≈ $540.83 Million |
-10.73% |
| 2019-12-31 | RM2.41 Billion ≈ $605.86 Million |
+7.53% |
| 2018-12-31 | RM2.24 Billion ≈ $563.42 Million |
-5.75% |
| 2017-12-31 | RM2.38 Billion ≈ $597.78 Million |
+7.72% |
| 2016-12-31 | RM2.21 Billion ≈ $554.95 Million |
-2.97% |
| 2015-12-31 | RM2.28 Billion ≈ $571.93 Million |
+4.98% |
| 2014-12-31 | RM2.17 Billion ≈ $544.82 Million |
+1.50% |
| 2013-12-31 | RM2.14 Billion ≈ $536.78 Million |
+8.03% |
| 2012-12-31 | RM1.98 Billion ≈ $496.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Keck Seng Malaysia 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 51.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM2.38 Billion | 83.15% |
| Common Stock | RM372.00 Million | 13.00% |
| Other Components | RM110.17 Million | 3.85% |
| Total Equity | RM2.86 Billion | 100.00% |
Keck Seng Malaysia Bhd Competitors by Market Cap
The table below lists competitors of Keck Seng Malaysia Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Extek Technology Co. Ltd. A
SHE:301399
|
$460.26 Million |
|
Claritev Corporation
NYSE:CTEV
|
$460.29 Million |
|
Winner Information Technology Co Inc
SHE:300609
|
$460.33 Million |
|
Chung Hwa Pulp Corp
TW:1905
|
$460.38 Million |
|
Great Taipei Gas Corp
TW:9908
|
$459.99 Million |
|
BOE Tech Group
SHE:200725
|
$459.94 Million |
|
DINGDONG CAYMAN 2ADR/3 A
F:945
|
$459.79 Million |
|
Ningbo Gaofa Automotive Ctrl
SHG:603788
|
$459.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keck Seng Malaysia Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,813,917,000 to 2,862,394,000, a change of 48,477,000 (1.7%).
- Net income of 132,972,000 contributed positively to equity growth.
- Dividend payments of 46,710,000 reduced retained earnings.
- Other comprehensive income decreased equity by 161,684,999.
- Other factors increased equity by 123,899,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM132.97 Million | +4.65% |
| Dividends Paid | RM46.71 Million | -1.63% |
| Other Comprehensive Income | RM-161.68 Million | -5.65% |
| Other Changes | RM123.90 Million | +4.33% |
| Total Change | RM- | 1.72% |
Book Value vs Market Value Analysis
This analysis compares Keck Seng Malaysia 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: 0.64x
- 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 0.83x to 0.64x 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 | RM6.15 | RM5.10 | x |
| 2017-12-31 | RM6.63 | RM5.10 | x |
| 2018-12-31 | RM6.25 | RM5.10 | x |
| 2019-12-31 | RM6.25 | RM5.10 | x |
| 2020-12-31 | RM6.00 | RM5.10 | x |
| 2021-12-31 | RM6.29 | RM5.10 | x |
| 2022-12-31 | RM6.78 | RM5.10 | x |
| 2023-12-31 | RM7.61 | RM5.10 | x |
| 2024-12-31 | RM7.83 | RM5.10 | x |
| 2025-12-31 | RM7.97 | RM5.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keck Seng Malaysia 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): 4.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.14%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.13x
- Recent ROE (4.65%) is above the historical average (3.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.62% | 11.85% | 0.37x | 1.30x | RM-96.75 Million |
| 2017 | 0.96% | 1.92% | 0.41x | 1.23x | RM-215.22 Million |
| 2018 | 1.63% | 3.77% | 0.35x | 1.24x | RM-187.94 Million |
| 2019 | 3.93% | 9.02% | 0.35x | 1.25x | RM-136.16 Million |
| 2020 | -3.00% | -7.38% | 0.33x | 1.23x | RM-279.97 Million |
| 2021 | 3.50% | 6.02% | 0.48x | 1.22x | RM-146.94 Million |
| 2022 | 8.28% | 11.03% | 0.62x | 1.20x | RM-42.01 Million |
| 2023 | 8.80% | 17.56% | 0.45x | 1.11x | RM-32.89 Million |
| 2024 | 5.09% | 8.99% | 0.50x | 1.13x | RM-138.11 Million |
| 2025 | 4.65% | 8.14% | 0.51x | 1.13x | RM-153.27 Million |
Industry Comparison
This section compares Keck Seng Malaysia Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $402,870,904
- Average return on equity (ROE) among peers: -3.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keck Seng Malaysia Bhd (3476) | RM2.94 Billion | 5.62% | 0.10x | $460.07 Million |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $4.77 Million |
| MAG Holdings Berhad (0095) | $478.25 Million | -22.74% | 0.13x | $76.43 Million |
| Greenyield Bhd (0136) | $58.03 Million | 7.35% | 0.46x | $21.57 Million |
| Heng Huat Resources Group Bhd (0175) | $231.51 Million | 3.70% | 0.31x | $32.19 Million |
| Matang Bhd (0189) | $246.80 Million | 1.06% | 0.02x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $124.00 Million | -20.97% | 2.00x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $651.35 Million | 10.97% | 0.05x | $247.27 Million |
| Kretam Holdings Bhd (1996) | $919.65 Million | 2.19% | 0.35x | $374.54 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $556.55 Million | 4.43% | 0.35x | $95.18 Million |
| TDM Berhad (2054) | $740.59 Million | -26.99% | 1.25x | $90.84 Million |
About Keck Seng Malaysia Bhd
Keck Seng (Malaysia) Berhad, together with its subsidiaries, engages in the cultivation and sale of oil palm in Malaysia, Singapore, Hong Kong, Canada, and the United States. The company operates through four segments: Manufacturing, Hotels and Resort, Property development and investment, and Plantations. It also involved in the processing and marketing of refined palm oil products; operation of … Read more