KSL Holdings Bhd (5038) - Net Assets

Latest as of June 2026: RM4.77 Billion MYR ≈ $1.20 Billion USD

Based on the latest financial reports, KSL Holdings Bhd (5038) has net assets worth RM4.77 Billion MYR (≈ $1.20 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 (RM6.29 Billion ≈ $1.58 Billion USD) and total liabilities (RM1.53 Billion ≈ $383.11 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 KSL Holdings Bhd strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM4.77 Billion
% of Total Assets	75.76%
Annual Growth Rate	11.76%
5-Year Change	50.94%
10-Year Change	100.0%
Growth Volatility	9.73

KSL Holdings Bhd - Net Assets Trend (2012–2025)

This chart illustrates how KSL Holdings Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is KSL Holdings Bhd worth.

Annual Net Assets for KSL Holdings Bhd (2012–2025)

The table below shows the annual net assets of KSL Holdings Bhd from 2012 to 2025. Also explore how fast is KSL Holdings Bhd growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM4.70 Billion ≈ $1.18 Billion	+12.45%
2024-12-31	RM4.18 Billion ≈ $1.05 Billion	+12.66%
2023-12-31	RM3.71 Billion ≈ $932.16 Million	+12.66%
2022-12-31	RM3.30 Billion ≈ $827.43 Million	+5.76%
2021-12-31	RM3.12 Billion ≈ $782.36 Million	+3.81%
2020-12-31	RM3.00 Billion ≈ $753.63 Million	-12.90%
2019-12-31	RM3.45 Billion ≈ $865.24 Million	+22.41%
2018-12-31	RM2.82 Billion ≈ $706.83 Million	+8.28%
2017-12-31	RM2.60 Billion ≈ $652.76 Million	+10.55%
2016-12-31	RM2.35 Billion ≈ $590.45 Million	+16.83%
2015-12-31	RM2.01 Billion ≈ $505.40 Million	+25.73%
2014-12-31	RM1.60 Billion ≈ $401.96 Million	+24.20%
2013-12-31	RM1.29 Billion ≈ $323.63 Million	+16.34%
2012-12-31	RM1.11 Billion ≈ $278.18 Million	--

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 195.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM3.94 Billion	83.70%
Common Stock	RM775.12 Million	16.47%
Total Equity	RM4.71 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
Mrs. Bectors Food Specialities Limited NSE:BECTORFOOD	$715.72 Million
DBAPPSecurity Co Ltd SHG:688023	$716.17 Million
DL Holdings CO. LTD. KO:000210	$716.31 Million
Anhui Wanyi Science and Technology Co Ltd SHG:688600	$716.34 Million
Shenzhen Urovo Technology Co Ltd SHE:300531	$715.57 Million
Postal Realty Trust Inc NYSE:PSTL	$715.39 Million
Paysign Inc NASDAQ:PAYS	$715.38 Million
Himalaya Shipping Ltd. NYSE:HSHP	$714.88 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 2024 to 2025, total equity changed from 4,182,840,000 to 4,705,089,000, a change of 522,249,000 (12.5%).
Net income of 520,129,768 contributed positively to equity growth.
Dividend payments of 5,496,000 reduced retained earnings.
Share repurchases of 45,000 reduced equity.
New share issuances of 45,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM520.13 Million	+11.05%
Dividends Paid	RM5.50 Million	-0.12%
Share Repurchases	RM45.00K	-0.0%
Share Issuances	RM45.00K	+0.0%
Other Changes	RM7.62 Million	+0.16%
Total Change	RM-	12.49%

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: 0.56x
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 1.13x to 0.56x 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	RM2.57	x
2017-12-31	RM2.54	RM2.57	x
2018-12-31	RM2.77	RM2.57	x
2019-12-31	RM3.01	RM2.57	x
2020-12-31	RM2.95	RM2.57	x
2021-12-31	RM3.06	RM2.57	x
2022-12-31	RM3.24	RM2.57	x
2023-12-31	RM3.65	RM2.57	x
2024-12-31	RM4.11	RM2.57	x
2025-12-31	RM4.58	RM2.57	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): 11.05%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 31.21%
• Asset Turnover: 0.27x
• Equity Multiplier: 1.29x
Recent ROE (11.05%) is above the historical average (8.35%), 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
2025	11.05%	31.21%	0.27x	1.29x	RM49.62 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: $665,971,686
Average return on equity (ROE) among peers: 0.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
KSL Holdings Bhd (5038)	RM4.77 Billion	13.21%	0.32x	$715.61 Million
Vinvest Capital Holdings Bhd (0069)	$438.33 Million	-22.41%	0.32x	$3.65 Million
Gagasan Nadi Cergas Berhad (0206)	$444.56 Million	0.55%	0.99x	$57.66 Million
Vestland Berhad (0273)	$35.81 Million	19.57%	2.38x	$232.34 Million
Global Oriental Bhd (1147)	$291.00 Million	13.40%	1.90x	$9.70 Million
Pan Malaysia Holdings Bhd (1287)	$60.00 Million	-16.67%	0.42x	$291.51 Million
GuocoLand (Malaysia) Bhd (1503)	$1.22 Billion	9.32%	1.36x	$3.35 Million
Symphony Life Bhd (1538)	$930.27 Million	-7.65%	0.28x	$29.75 Million
Iskandar Waterfront City Bhd (1589)	$770.75 Million	-1.19%	1.36x	$48.57 Million
Paramount Corporation Bhd (1724)	$1.63 Billion	5.83%	0.83x	$154.79 Million
Selangor Dredging Bhd (2224)	$836.46 Million	-0.54%	0.68x	$49.21 Million

About KSL Holdings Bhd

KLSE:5038 Malaysia Real Estate - Development

Market Cap

$715.61 Million

RM2.85 Billion MYR

Market Cap Rank

#10540 Global

#102 in Malaysia

Share Price

RM2.57

Change (1 day)

-1.15%

52-Week Range

RM2.57 - RM3.50

All Time High

RM3.50