KSL Holdings Bhd
KSL Holdings Berhad, an investment holding company, engages in the property development business in Malaysia. It operates through four segments: Property Development, Property Investment, Investment Holding, and Car Park Operation. The company's property portfolio includes townships, shopping malls, hotels and resorts, and high-rise residences, as well as factory/warehouse. It also develops resid… Read more
KSL Holdings Bhd (5038) - Net Assets
Latest net assets as of September 2025: RM4.45 Billion MYR
Based on the latest financial reports, KSL Holdings Bhd (5038) has net assets worth RM4.45 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM5.53 Billion) and total liabilities (RM1.08 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 | RM4.45 Billion |
| % of Total Assets | 80.43% |
| Annual Growth Rate | 11.71% |
| 5-Year Change | 39.35% |
| 10-Year Change | 107.79% |
| Growth Volatility | 10.13 |
KSL Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how KSL Holdings 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 KSL Holdings Bhd (2012–2024)
The table below shows the annual net assets of KSL Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM4.18 Billion | +12.66% |
| 2023-12-31 | RM3.71 Billion | +12.66% |
| 2022-12-31 | RM3.30 Billion | +5.76% |
| 2021-12-31 | RM3.12 Billion | +3.81% |
| 2020-12-31 | RM3.00 Billion | -12.90% |
| 2019-12-31 | RM3.45 Billion | +22.41% |
| 2018-12-31 | RM2.82 Billion | +8.28% |
| 2017-12-31 | RM2.60 Billion | +10.55% |
| 2016-12-31 | RM2.35 Billion | +16.83% |
| 2015-12-31 | RM2.01 Billion | +25.73% |
| 2014-12-31 | RM1.60 Billion | +24.20% |
| 2013-12-31 | RM1.29 Billion | +16.34% |
| 2012-12-31 | RM1.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KSL Holdings 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 162.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM3.49 Billion | 83.48% |
| Common Stock | RM699.24 Million | 16.72% |
| Total Equity | RM4.18 Billion | 100.00% |
KSL Holdings Bhd Competitors by Market Cap
The table below lists competitors of KSL Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YeaShin International Development Co Ltd
TWO:5213
|
$220.36 Million |
|
SUPER GROUP LTD RC 1
F:S8G1
|
$220.42 Million |
|
Perma-Fix Environmental Svcs Inc
NASDAQ:PESI
|
$220.45 Million |
|
Ascopiave S.p.A
PINK:ASCOF
|
$220.54 Million |
|
Genesco Inc
NYSE:GCO
|
$220.29 Million |
|
CLOUDBERRY CL.EN. NK -25
F:52K
|
$220.24 Million |
|
Sodick Co., Ltd.
PINK:SDCKF
|
$220.22 Million |
|
Nanjing Toua Hardware&Tools Co.Ltd.
SHE:301125
|
$220.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KSL Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,712,535,902 to 4,182,840,000, a change of 470,304,098 (12.7%).
- Net income of 470,358,000 contributed positively to equity growth.
- New share issuances of 30,000 increased equity.
- Other comprehensive income decreased equity by 16,690,191.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM470.36 Million | +11.24% |
| Share Issuances | RM30.00K | +0.0% |
| Other Comprehensive Income | RM-16.69 Million | -0.4% |
| Other Changes | RM16.61 Million | +0.4% |
| Total Change | RM- | 12.67% |
Book Value vs Market Value Analysis
This analysis compares KSL Holdings 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: 0.76x
- 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 1.36x to 0.76x 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 | RM2.28 | RM3.11 | x |
| 2017-12-31 | RM2.54 | RM3.11 | x |
| 2018-12-31 | RM2.77 | RM3.11 | x |
| 2019-12-31 | RM3.01 | RM3.11 | x |
| 2020-12-31 | RM2.95 | RM3.11 | x |
| 2021-12-31 | RM3.06 | RM3.11 | x |
| 2022-12-31 | RM3.24 | RM3.11 | x |
| 2023-12-31 | RM3.65 | RM3.11 | x |
| 2024-12-31 | RM4.11 | RM3.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KSL Holdings 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): 11.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.12%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.19x
- Recent ROE (11.24%) is above the historical average (8.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.21% | 38.78% | 0.28x | 1.23x | RM64.66 Million |
| 2016 | 13.37% | 45.64% | 0.24x | 1.21x | RM79.34 Million |
| 2017 | 8.64% | 32.21% | 0.24x | 1.12x | RM-35.32 Million |
| 2018 | 7.93% | 31.43% | 0.22x | 1.15x | RM-58.30 Million |
| 2019 | 8.15% | 35.09% | 0.21x | 1.12x | RM-56.61 Million |
| 2020 | -2.11% | -18.63% | 0.10x | 1.10x | RM-363.65 Million |
| 2021 | 3.67% | 24.46% | 0.14x | 1.09x | RM-197.20 Million |
| 2022 | 5.45% | 31.22% | 0.16x | 1.09x | RM-150.05 Million |
| 2023 | 11.23% | 36.52% | 0.28x | 1.09x | RM45.64 Million |
| 2024 | 11.24% | 34.12% | 0.28x | 1.19x | RM52.07 Million |
Industry Comparison
This section compares KSL Holdings Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KSL Holdings Bhd (5038) | RM4.45 Billion | 13.21% | 0.24x | $220.35 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |