Hup Seng Industries Bhd (5024) - Net Assets
Based on the latest financial reports, Hup Seng Industries Bhd (5024) has net assets worth RM166.37 Million MYR (≈ $41.77 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM253.34 Million ≈ $63.61 Million USD) and total liabilities (RM86.97 Million ≈ $21.83 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 5024 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM166.37 Million |
| % of Total Assets | 65.67% |
| Annual Growth Rate | 0.57% |
| 5-Year Change | 17.18% |
| 10-Year Change | -1.33% |
| Growth Volatility | 6.97 |
Hup Seng Industries Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Hup Seng Industries Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 5024 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Hup Seng Industries Bhd (2012–2024)
The table below shows the annual net assets of Hup Seng Industries Bhd from 2012 to 2024. For live valuation and market cap data, see Hup Seng Industries Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM163.80 Million ≈ $41.12 Million |
+0.99% |
| 2023-12-31 | RM162.19 Million ≈ $40.72 Million |
+14.94% |
| 2022-12-31 | RM141.10 Million ≈ $35.43 Million |
+1.50% |
| 2021-12-31 | RM139.02 Million ≈ $34.90 Million |
-0.54% |
| 2020-12-31 | RM139.78 Million ≈ $35.09 Million |
-5.17% |
| 2019-12-31 | RM147.40 Million ≈ $37.01 Million |
-5.79% |
| 2018-12-31 | RM156.47 Million ≈ $39.28 Million |
-4.31% |
| 2017-12-31 | RM163.52 Million ≈ $41.05 Million |
-10.68% |
| 2016-12-31 | RM183.07 Million ≈ $45.96 Million |
+10.28% |
| 2015-12-31 | RM166.00 Million ≈ $41.68 Million |
+7.10% |
| 2014-12-31 | RM155.00 Million ≈ $38.92 Million |
+3.33% |
| 2013-12-31 | RM150.00 Million ≈ $37.66 Million |
-1.96% |
| 2012-12-31 | RM153.00 Million ≈ $38.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hup Seng Industries 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 2.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM83.80 Million | 51.16% |
| Common Stock | RM80.00 Million | 48.84% |
| Total Equity | RM163.80 Million | 100.00% |
Hup Seng Industries Bhd Competitors by Market Cap
The table below lists competitors of Hup Seng Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capitan Mining Inc
V:CAPT
|
$199.89 Million |
|
Taliworks Corporation Bhd
KLSE:8524
|
$199.91 Million |
|
India Nippon Electricals Limited
NSE:INDNIPPON
|
$199.92 Million |
|
CJ Freshway Corporation
KQ:051500
|
$199.92 Million |
|
Silver Touch Technologies Limited
NSE:SILVERTUC
|
$199.84 Million |
|
A Paradise Acquisition Corp.
NASDAQ:APAD
|
$199.82 Million |
|
Arcturus Therapeutics Holdings Inc
NASDAQ:ARCT
|
$204.93 Million |
|
Great China Metal Industry Co Ltd
TW:9905
|
$198.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hup Seng Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 162,186,340 to 163,797,281, a change of 1,610,941 (1.0%).
- Net income of 57,610,940 contributed positively to equity growth.
- Dividend payments of 55,999,990 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM57.61 Million | +35.17% |
| Dividends Paid | RM56.00 Million | -34.19% |
| Other Changes | RM-9.00 | -0.0% |
| Total Change | RM- | 0.99% |
Book Value vs Market Value Analysis
This analysis compares Hup Seng Industries 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: 4.86x
- 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 increased from 4.35x to 4.86x 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 | RM0.23 | RM1.00 | x |
| 2017-12-31 | RM0.20 | RM1.00 | x |
| 2018-12-31 | RM0.20 | RM1.00 | x |
| 2019-12-31 | RM0.18 | RM1.00 | x |
| 2020-12-31 | RM0.17 | RM1.00 | x |
| 2021-12-31 | RM0.17 | RM1.00 | x |
| 2022-12-31 | RM0.18 | RM1.00 | x |
| 2023-12-31 | RM0.20 | RM1.00 | x |
| 2024-12-31 | RM0.20 | RM1.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hup Seng Industries 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): 35.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.57%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 1.53x
- Recent ROE (35.17%) is above the historical average (27.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 33.20% | 19.16% | 1.17x | 1.48x | RM38.43 Million |
| 2016 | 26.99% | 17.30% | 1.16x | 1.34x | RM31.10 Million |
| 2017 | 27.18% | 14.83% | 1.23x | 1.49x | RM28.10 Million |
| 2018 | 27.46% | 13.98% | 1.30x | 1.51x | RM27.31 Million |
| 2019 | 26.41% | 12.58% | 1.32x | 1.59x | RM24.19 Million |
| 2020 | 28.89% | 12.34% | 1.43x | 1.64x | RM26.40 Million |
| 2021 | 19.59% | 9.21% | 1.43x | 1.49x | RM13.34 Million |
| 2022 | 18.48% | 8.20% | 1.50x | 1.51x | RM11.97 Million |
| 2023 | 27.80% | 12.62% | 1.50x | 1.47x | RM28.87 Million |
| 2024 | 35.17% | 14.57% | 1.57x | 1.53x | RM41.23 Million |
Industry Comparison
This section compares Hup Seng Industries Bhd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,260,635,517
- Average return on equity (ROE) among peers: 11.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hup Seng Industries Bhd (5024) | RM166.37 Million | 33.20% | 0.52x | $199.85 Million |
| Three A Resources Bhd (0012) | $420.11 Million | 8.35% | 0.21x | $85.41 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $45.14 Million |
| Bioalpha Holdings Bhd (0179) | $97.99 Million | 8.66% | 0.16x | $5.30 Million |
| Nova Wellness Group Bhd (0201) | $109.78 Million | 7.17% | 0.09x | $26.41 Million |
| SDS Group Bhd (0212) | $30.56 Million | 18.78% | 3.28x | $59.91 Million |
| PTRB (0260) | $52.22 Million | 30.75% | 1.26x | $36.27 Million |
| MYMBN Berhad (0280) | $27.12 Million | -19.79% | 0.32x | $9.21 Million |
| SBH Marine Holdings Berhad (0300) | $73.93 Million | 17.64% | 0.36x | $32.33 Million |
| OB Holdings Berhad (0327) | $26.80 Million | 35.71% | 0.68x | $20.65 Million |
| IOI Corporation Bhd (1961) | $11.67 Billion | 9.55% | 0.51x | $6.33 Billion |
About Hup Seng Industries Bhd
Hup Seng Industries Berhad, an investment holding company, manufactures and sells biscuits and coffee mix in Malaysia and internationally. It operates in three segments: Biscuit Manufacturing, Beverage Manufacturing, and Trading Division. The company offers biscuits, including crackers, cream sandwich biscuits, assorted biscuits, cookies, and other series under the Cap Ping Pong, Hup Seng Cream C… Read more