Lien Hoe Corporation Bhd (3573) - Net Assets

Latest as of December 2025: RM230.73 Million MYR ≈ $57.93 Million USD

Based on the latest financial reports, Lien Hoe Corporation Bhd (3573) has net assets worth RM230.73 Million MYR (≈ $57.93 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM322.00 Million ≈ $80.84 Million USD) and total liabilities (RM91.27 Million ≈ $22.92 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 3573 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM230.73 Million
% of Total Assets	71.65%
Annual Growth Rate	-1.06%
5-Year Change	-22.61%
10-Year Change	-55.8%
Growth Volatility	33.81

Lien Hoe Corporation Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Lien Hoe Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Check 3573 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Lien Hoe Corporation Bhd (2012–2025)

The table below shows the annual net assets of Lien Hoe Corporation Bhd from 2012 to 2025. For live valuation and market cap data, see 3573 company net worth.

Year	Net Assets	Change
2025-12-31	RM230.73 Million ≈ $57.93 Million	-4.00%
2024-12-31	RM240.34 Million ≈ $60.34 Million	-3.44%
2023-12-31	RM248.90 Million ≈ $62.49 Million	-5.75%
2022-12-31	RM264.08 Million ≈ $66.30 Million	-11.43%
2021-12-31	RM298.15 Million ≈ $74.86 Million	-21.51%
2020-12-31	RM379.87 Million ≈ $95.37 Million	-19.00%
2019-12-31	RM468.99 Million ≈ $117.75 Million	-2.19%
2018-12-31	RM479.47 Million ≈ $120.38 Million	-7.74%
2017-12-31	RM519.71 Million ≈ $130.48 Million	-0.43%
2016-12-31	RM521.95 Million ≈ $131.04 Million	+117.48%
2015-12-31	RM240.00 Million ≈ $60.26 Million	-6.98%
2014-12-31	RM258.00 Million ≈ $64.78 Million	-3.37%
2013-12-31	RM267.00 Million ≈ $67.03 Million	+0.75%
2012-12-31	RM265.00 Million ≈ $66.53 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Lien Hoe Corporation 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 decreased by 74.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM97.72 Million	42.35%
Common Stock	RM142.19 Million	61.63%
Total Equity	RM230.73 Million	100.00%

Lien Hoe Corporation Bhd Competitors by Market Cap

The table below lists competitors of Lien Hoe Corporation Bhd ranked by their market capitalization.

Company	Market Cap
Ecoscience International Berhad KLSE:0255	$11.27 Million
Ostasiatiske Kompagni A/S CO:OKEAC	$11.27 Million
Murray Income Trust LSE:MUT	$11.27 Million
Bermas SA RO:BRM	$11.28 Million
Armlogi Holding Corp. Common Stock NASDAQ:BTOC	$11.27 Million
Norben Tea & Exports Limited NSE:NORBTEAEXP	$11.26 Million
Investcorp Credit Management BDC Inc NASDAQ:ICMB	$11.26 Million
Metalsgrove Mining Ltd AU:MGA	$11.25 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lien Hoe Corporation Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 240,340,000 to 230,726,000, a change of -9,614,000 (-4.0%).
Net loss of 9,614,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-9.61 Million	-4.17%
Total Change	RM-	-4.00%

Book Value vs Market Value Analysis

This analysis compares Lien Hoe Corporation 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: 0.19x
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 0.09x to 0.19x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM1.52	RM0.14	x
2017-12-31	RM1.52	RM0.14	x
2018-12-31	RM1.41	RM0.14	x
2019-12-31	RM1.41	RM0.14	x
2020-12-31	RM1.14	RM0.14	x
2021-12-31	RM0.90	RM0.14	x
2022-12-31	RM0.79	RM0.14	x
2023-12-31	RM0.75	RM0.14	x
2024-12-31	RM0.72	RM0.14	x
2025-12-31	RM0.69	RM0.14	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lien Hoe Corporation 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): -4.17%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -36.30%
• Asset Turnover: 0.08x
• Equity Multiplier: 1.40x
Recent ROE (-4.17%) is above the historical average (-8.11%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-9.39%	-39.59%	0.16x	1.49x	RM-101.20 Million
2017	-0.47%	-9.74%	0.03x	1.50x	RM-54.39 Million
2018	-7.41%	-141.24%	0.04x	1.43x	RM-83.48 Million
2019	-0.59%	-11.17%	0.04x	1.34x	RM-49.68 Million
2020	-7.89%	-264.08%	0.02x	1.40x	RM-67.97 Million
2021	-28.57%	-918.22%	0.02x	1.38x	RM-115.01 Million
2022	-12.90%	-165.19%	0.06x	1.35x	RM-60.48 Million
2023	-6.10%	-57.60%	0.08x	1.38x	RM-40.06 Million
2024	-3.56%	-29.60%	0.09x	1.37x	RM-32.60 Million
2025	-4.17%	-36.30%	0.08x	1.40x	RM-32.69 Million

Industry Comparison

This section compares Lien Hoe Corporation Bhd's net assets metrics with peer companies in the Lodging industry.

Industry Context

Industry: Lodging
Average net assets among peers: $430,747,169
Average return on equity (ROE) among peers: -28.68%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Lien Hoe Corporation Bhd (3573)	RM230.73 Million	-9.39%	0.40x	$11.27 Million
Landmarks Bhd (1643)	$1.82 Billion	-2.38%	0.24x	$11.80 Million
Eastland Equity Bhd (2097)	$71.25 Million	-140.93%	1.41x	$95.39 Million
ECM Libra Financial Group Bhd (2143)	$202.53 Million	14.98%	0.13x	$23.63 Million
Malayan United Industries Bhd (3891)	$60.11 Million	-76.40%	23.07x	$36.45 Million
Grand Central Enterprises Bhd (5592)	$270.00 Million	4.81%	0.12x	$21.52 Million
Country Heights Holdings Bhd (5738)	$783.00 Million	3.19%	0.79x	$10.93 Million
Impiana Hotels Bhd (7243)	$41.59 Million	-25.80%	3.90x	$120.94 Million
Avillion Bhd (8885)	$196.37 Million	-6.90%	0.86x	$14.22 Million

About Lien Hoe Corporation Bhd

KLSE:3573 Malaysia Lodging

Market Cap

$11.27 Million

RM44.88 Million MYR

Market Cap Rank

#26763 Global

#824 in Malaysia

Share Price

RM0.14

Change (1 day)

+8.00%

52-Week Range

RM0.12 - RM0.25

All Time High

RM0.51