PPB Group Bhd (4065) - Net Assets
Based on the latest financial reports, PPB Group Bhd (4065) has net assets worth RM23.11 Billion MYR (≈ $5.80 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM24.56 Billion ≈ $6.17 Billion USD) and total liabilities (RM1.44 Billion ≈ $362.59 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. Check strategic asset allocation of PPB Group Bhd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM23.11 Billion |
| % of Total Assets | 94.12% |
| 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. For live market cap and overall valuation, see market cap of PPB Group Bhd.
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. Also explore net asset momentum of PPB Group Bhd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM22.75 Billion ≈ $5.71 Billion |
-16.40% |
| 2024-12-31 | RM27.21 Billion ≈ $6.83 Billion |
-2.15% |
| 2023-12-31 | RM27.81 Billion ≈ $6.98 Billion |
+4.68% |
| 2022-12-31 | RM26.57 Billion ≈ $6.67 Billion |
+5.51% |
| 2021-12-31 | RM25.18 Billion ≈ $6.32 Billion |
+6.94% |
| 2020-12-31 | RM23.55 Billion ≈ $5.91 Billion |
+6.40% |
| 2019-12-31 | RM22.13 Billion ≈ $5.56 Billion |
+1.81% |
| 2018-12-31 | RM21.74 Billion ≈ $5.46 Billion |
+0.75% |
| 2017-12-31 | RM21.57 Billion ≈ $5.42 Billion |
-0.43% |
| 2016-12-31 | RM21.67 Billion ≈ $5.44 Billion |
+5.43% |
| 2015-12-31 | RM20.55 Billion ≈ $5.16 Billion |
+18.25% |
| 2014-12-31 | RM17.38 Billion ≈ $4.36 Billion |
+7.35% |
| 2013-12-31 | RM16.19 Billion ≈ $4.07 Billion |
+9.66% |
| 2012-12-31 | RM14.77 Billion ≈ $3.71 Billion |
+1.37% |
| 2011-12-31 | RM14.57 Billion ≈ $3.66 Billion |
+8.21% |
| 2010-12-31 | RM13.46 Billion ≈ $3.38 Billion |
-5.61% |
| 2009-12-31 | RM14.26 Billion ≈ $3.58 Billion |
+15.06% |
| 2008-12-31 | RM12.39 Billion ≈ $3.11 Billion |
+7.14% |
| 2007-12-31 | RM11.57 Billion ≈ $2.90 Billion |
+109.12% |
| 2006-12-31 | RM5.53 Billion ≈ $1.39 Billion |
+10.21% |
| 2005-12-31 | RM5.02 Billion ≈ $1.26 Billion |
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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 Comprehensive Income | RM2.45 Billion | 11.06% |
| Other Components | RM1.00K | 0.00% |
| 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 |
|---|---|
|
STO Express Co Ltd
SHE:002468
|
$3.33 Billion |
|
Aneka Tambang (Persero) TBK (PT)
AU:ATM
|
$3.33 Billion |
|
APERAM S.A. NY SHS/1 O.N.
F:7AAN
|
$3.33 Billion |
|
Multistrada Arah Sarana Tbk
JK:MASA
|
$3.34 Billion |
|
Mechanics Bank
NASDAQ:MCHB
|
$3.33 Billion |
|
BBB Foods Inc.
NYSE:TBBB
|
$3.32 Billion |
|
IPG Photonics Corporation
NASDAQ:IPGP
|
$3.32 Billion |
|
Kenon Holdings
NYSE:KEN
|
$3.32 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 1,073,671,000.
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-1.07 Billion | -4.85% |
| Other Changes | RM-51.87 Million | -0.23% |
| 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: 0.60x
- 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 3.15x to 0.60x 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 | RM9.33 | x |
| 2006-12-31 | RM3.26 | RM9.33 | x |
| 2007-12-31 | RM8.03 | RM9.33 | x |
| 2008-12-31 | RM8.60 | RM9.33 | x |
| 2009-12-31 | RM9.90 | RM9.33 | x |
| 2010-12-31 | RM9.33 | RM9.33 | x |
| 2011-12-31 | RM9.88 | RM9.33 | x |
| 2012-12-31 | RM10.03 | RM9.33 | x |
| 2013-12-31 | RM11.00 | RM9.33 | x |
| 2014-12-31 | RM11.82 | RM9.33 | x |
| 2015-12-31 | RM14.00 | RM9.33 | x |
| 2016-12-31 | RM14.74 | RM9.33 | x |
| 2017-12-31 | RM14.69 | RM9.33 | x |
| 2018-12-31 | RM14.79 | RM9.33 | x |
| 2019-12-31 | RM15.07 | RM9.33 | x |
| 2020-12-31 | RM16.04 | RM9.33 | x |
| 2021-12-31 | RM17.17 | RM9.33 | x |
| 2022-12-31 | RM18.16 | RM9.33 | x |
| 2023-12-31 | RM19.08 | RM9.33 | x |
| 2024-12-31 | RM18.68 | RM9.33 | x |
| 2025-12-31 | RM15.55 | RM9.33 | 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 Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,036,593,739
- Average return on equity (ROE) among peers: 14.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PPB Group Bhd (4065) | RM23.11 Billion | 11.11% | 0.06x | $3.33 Billion |
| Three A Resources Bhd (0012) | $136.24 Million | 13.24% | 0.43x | $93.34 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $44.15 Million |
| Bioalpha Holdings Bhd (0179) | $157.62 Million | 7.34% | 0.14x | $7.06 Million |
| Nova Wellness Group Bhd (0201) | $100.54 Million | 16.02% | 0.12x | $29.21 Million |
| SDS Group Bhd (0212) | $174.86 Million | 15.34% | 0.42x | $52.71 Million |
| PTRB (0260) | $36.06 Million | 33.90% | 1.62x | $33.58 Million |
| MYMBN Berhad (0280) | $15.11 Million | 28.61% | 0.40x | $15.02 Million |
| SBH Marine Holdings Berhad (0300) | $73.93 Million | 17.64% | 0.36x | $39.02 Million |
| OB Holdings Berhad (0327) | $63.63 Million | 7.18% | 0.21x | $20.16 Million |
| IOI Corporation Bhd (1961) | $9.51 Billion | 6.64% | 0.73x | $7.51 Billion |
About PPB Group Bhd
PPB Group Berhad, an investment holding and property investment company, engages in the grains and agribusiness worldwide. It operates through the 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; production of day-old-chicks, e… Read more