PPB Group Bhd
PPB Group Berhad, an investment holding company, engages in the grains and agribusiness worldwide. It operates through five segments: Grains and Agribusiness, Consumer Products, Film Exhibition and Distribution, Property, and Other Operations segments. The company is involved in the flour milling; manufacture of animal feed; trading of wheat and maize; oil palm plantations; and production of day-… Read more
PPB Group Bhd (4065) - Net Assets
Latest net assets as of December 2025: RM22.75 Billion MYR
Based on the latest financial reports, PPB Group Bhd (4065) has net assets worth RM22.75 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 (RM24.12 Billion) and total liabilities (RM1.37 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 | RM22.75 Billion |
| % of Total Assets | 94.33% |
| Annual Growth Rate | 7.85% |
| 5-Year Change | -9.65% |
| 10-Year Change | 5.0% |
| Growth Volatility | 23.93 |
PPB Group Bhd - Net Assets Trend (2005–2025)
This chart illustrates how PPB Group 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 PPB Group Bhd (2005–2025)
The table below shows the annual net assets of PPB Group Bhd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM22.75 Billion | -16.40% |
| 2024-12-31 | RM27.21 Billion | -2.15% |
| 2023-12-31 | RM27.81 Billion | +4.68% |
| 2022-12-31 | RM26.57 Billion | +5.51% |
| 2021-12-31 | RM25.18 Billion | +6.94% |
| 2020-12-31 | RM23.55 Billion | +6.40% |
| 2019-12-31 | RM22.13 Billion | +1.81% |
| 2018-12-31 | RM21.74 Billion | +0.75% |
| 2017-12-31 | RM21.57 Billion | -0.43% |
| 2016-12-31 | RM21.67 Billion | +5.43% |
| 2015-12-31 | RM20.55 Billion | +18.25% |
| 2014-12-31 | RM17.38 Billion | +7.35% |
| 2013-12-31 | RM16.19 Billion | +9.66% |
| 2012-12-31 | RM14.77 Billion | +1.37% |
| 2011-12-31 | RM14.57 Billion | +8.21% |
| 2010-12-31 | RM13.46 Billion | -5.61% |
| 2009-12-31 | RM14.26 Billion | +15.06% |
| 2008-12-31 | RM12.39 Billion | +7.14% |
| 2007-12-31 | RM11.57 Billion | +109.12% |
| 2006-12-31 | RM5.53 Billion | +10.21% |
| 2005-12-31 | RM5.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PPB Group 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 572.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM18.24 Billion | 82.47% |
| Common Stock | RM1.43 Billion | 6.46% |
| Other Components | RM2.45 Billion | 11.06% |
| Total Equity | RM22.12 Billion | 100.00% |
PPB Group Bhd Competitors by Market Cap
The table below lists competitors of PPB Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liveramp Holdings Inc
NYSE:RAMP
|
$1.55 Billion |
|
Ströer SE & Co. KGaA
PINK:SOTDF
|
$1.55 Billion |
|
Aboitiz Equity Ventures Inc
PINK:ABOIF
|
$1.55 Billion |
|
SHANGHAI JUNSHI BIO YC1
F:8SJ
|
$1.55 Billion |
|
Business intelligence of Oriental Nations Corp Ltd
SHE:300166
|
$1.55 Billion |
|
Dometic Group AB (publ)
OTCGREY:DTCGF
|
$1.55 Billion |
|
Bolsas y Mercados Argentinos SA
BA:BYMA
|
$1.55 Billion |
|
Migros Ticaret AS
IS:MGROS
|
$1.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PPB Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,573,151,000 to 22,117,702,000, a change of -4,455,449,000 (-16.8%).
- Net loss of 2,732,419,000 reduced equity.
- Dividend payments of 597,492,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,520,879,000.
- Other factors increased equity by 2,395,341,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-2.73 Billion | -12.35% |
| Dividends Paid | RM597.49 Million | -2.7% |
| Other Comprehensive Income | RM-3.52 Billion | -15.92% |
| Other Changes | RM2.40 Billion | +10.83% |
| Total Change | RM- | -16.77% |
Book Value vs Market Value Analysis
This analysis compares PPB Group 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: 0.73x
- 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 3.85x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | RM2.96 | RM11.40 | x |
| 2006-12-31 | RM3.26 | RM11.40 | x |
| 2007-12-31 | RM8.03 | RM11.40 | x |
| 2008-12-31 | RM8.60 | RM11.40 | x |
| 2009-12-31 | RM9.90 | RM11.40 | x |
| 2010-12-31 | RM9.33 | RM11.40 | x |
| 2011-12-31 | RM9.88 | RM11.40 | x |
| 2012-12-31 | RM10.03 | RM11.40 | x |
| 2013-12-31 | RM11.00 | RM11.40 | x |
| 2014-12-31 | RM11.82 | RM11.40 | x |
| 2015-12-31 | RM14.00 | RM11.40 | x |
| 2016-12-31 | RM14.74 | RM11.40 | x |
| 2017-12-31 | RM14.69 | RM11.40 | x |
| 2018-12-31 | RM14.79 | RM11.40 | x |
| 2019-12-31 | RM15.07 | RM11.40 | x |
| 2020-12-31 | RM16.04 | RM11.40 | x |
| 2021-12-31 | RM17.17 | RM11.40 | x |
| 2022-12-31 | RM18.16 | RM11.40 | x |
| 2023-12-31 | RM19.08 | RM11.40 | x |
| 2024-12-31 | RM18.68 | RM11.40 | x |
| 2025-12-31 | RM15.55 | RM11.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PPB Group 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): -12.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50.30%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.09x
- Recent ROE (-12.35%) is below the historical average (9.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 11.11% | 4.38% | 1.68x | 1.51x | RM46.72 Million |
| 2006 | 14.95% | 6.03% | 1.58x | 1.57x | RM229.78 Million |
| 2007 | 61.27% | 234.24% | 0.25x | 1.05x | RM5.86 Billion |
| 2008 | 10.57% | 37.36% | 0.26x | 1.08x | RM70.14 Million |
| 2009 | 11.56% | 81.23% | 0.13x | 1.07x | RM220.38 Million |
| 2010 | 14.19% | 82.84% | 0.16x | 1.05x | RM556.34 Million |
| 2011 | 7.20% | 37.35% | 0.18x | 1.08x | RM-393.65 Million |
| 2012 | 5.90% | 27.90% | 0.19x | 1.09x | RM-584.99 Million |
| 2013 | 6.28% | 29.66% | 0.19x | 1.09x | RM-582.75 Million |
| 2014 | 5.45% | 24.77% | 0.20x | 1.11x | RM-765.27 Million |
| 2015 | 5.28% | 25.97% | 0.18x | 1.10x | RM-940.39 Million |
| 2016 | 4.98% | 24.96% | 0.18x | 1.08x | RM-1.05 Billion |
| 2017 | 5.77% | 28.00% | 0.19x | 1.10x | RM-884.36 Million |
| 2018 | 5.11% | 23.74% | 0.19x | 1.10x | RM-1.03 Billion |
| 2019 | 5.38% | 24.61% | 0.20x | 1.10x | RM-990.97 Million |
| 2020 | 5.77% | 31.43% | 0.17x | 1.09x | RM-964.91 Million |
| 2021 | 6.12% | 30.80% | 0.18x | 1.12x | RM-947.04 Million |
| 2022 | 8.50% | 35.71% | 0.21x | 1.12x | RM-386.27 Million |
| 2023 | 5.14% | 24.37% | 0.19x | 1.08x | RM-1.32 Billion |
| 2024 | 4.59% | 22.64% | 0.19x | 1.08x | RM-1.44 Billion |
| 2025 | -12.35% | -50.30% | 0.23x | 1.09x | RM-4.94 Billion |
Industry Comparison
This section compares PPB Group Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $444,702,596
- Average return on equity (ROE) among peers: 1.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PPB Group Bhd (4065) | RM22.75 Billion | 11.11% | 0.06x | $1.55 Billion |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $2.27 Million |
| MAG Holdings Berhad (0095) | $473.76 Million | -1.41% | 0.15x | $29.82 Million |
| Greenyield Bhd (0136) | $54.42 Million | -0.73% | 0.43x | $3.29 Million |
| Heng Huat Resources Group Bhd (0175) | $231.51 Million | 3.70% | 0.31x | $7.31 Million |
| Matang Bhd (0189) | $248.32 Million | 2.40% | 0.03x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $184.30 Million | -6.00% | -0.03x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $651.35 Million | 10.97% | 0.05x | $63.45 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $545.52 Million | -0.47% | 0.35x | $25.62 Million |
| TDM Berhad (2054) | $1.43 Billion | 1.62% | 0.87x | $25.63 Million |