NPC Resources Bhd
NPC Resources Berhad, an investment holding company, engages in oil palm plantation and milling activities in Malaysia and Indonesia. It operates through Plantation and Milling and Hotelier segments. The company engages in the cultivation and sale of oil palm products. It also involved in property letting, hotel, fresh fruit bunches trading, transportation, durian plantation, management services,… Read more
NPC Resources Bhd (5047) - Net Assets
Latest net assets as of March 2025: RM619.61 Million MYR
Based on the latest financial reports, NPC Resources Bhd (5047) has net assets worth RM619.61 Million MYR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.08 Billion) and total liabilities (RM456.29 Million). 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 | RM619.61 Million |
| % of Total Assets | 57.59% |
| Annual Growth Rate | 6.32% |
| 5-Year Change | 30.19% |
| 10-Year Change | 104.62% |
| Growth Volatility | 28.69 |
NPC Resources Bhd - Net Assets Trend (2012–2024)
This chart illustrates how NPC Resources 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 NPC Resources Bhd (2012–2024)
The table below shows the annual net assets of NPC Resources Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM628.18 Million | +6.31% |
| 2023-12-31 | RM590.87 Million | +10.97% |
| 2022-12-31 | RM532.44 Million | +4.42% |
| 2021-12-31 | RM509.91 Million | +5.68% |
| 2020-12-31 | RM482.50 Million | -6.52% |
| 2019-12-31 | RM516.16 Million | +96.56% |
| 2018-12-31 | RM262.60 Million | -26.27% |
| 2017-12-31 | RM356.15 Million | -4.13% |
| 2016-12-31 | RM371.49 Million | +21.01% |
| 2015-12-31 | RM307.00 Million | +4.42% |
| 2014-12-31 | RM294.00 Million | +8.09% |
| 2013-12-31 | RM272.00 Million | -9.63% |
| 2012-12-31 | RM301.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NPC Resources 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 127.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM413.19 Million | 65.27% |
| Other Components | RM219.81 Million | 34.73% |
| Total Equity | RM633.01 Million | 100.00% |
NPC Resources Bhd Competitors by Market Cap
The table below lists competitors of NPC Resources Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hartford Great Health Corp
PINK:HFUS
|
$9.24 Million |
|
Feerum S.A.
WAR:FEE
|
$9.24 Million |
|
BlueRiver Acquisition Corp
PINK:BLUVF
|
$9.25 Million |
|
2H0
F:2H0
|
$9.25 Million |
|
Linkhome Holdings Inc. Common stock
NASDAQ:LHAI
|
$9.24 Million |
|
Revathi Equipment India Limited
NSE:RVTH
|
$9.24 Million |
|
OHCFF
PINK:OHCFF
|
$9.24 Million |
|
Enerside Energy S.A.
MC:ENRS
|
$9.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NPC Resources Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 570,218,000 to 633,009,000, a change of 62,791,000 (11.0%).
- Net income of 41,030,000 contributed positively to equity growth.
- Share repurchases of 330,000 reduced equity.
- Other factors increased equity by 22,091,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM41.03 Million | +6.48% |
| Share Repurchases | RM330.00K | -0.05% |
| Other Changes | RM22.09 Million | +3.49% |
| Total Change | RM- | 11.01% |
Book Value vs Market Value Analysis
This analysis compares NPC Resources 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: 0.51x
- 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 0.89x to 0.51x 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 | RM3.14 | RM2.79 | x |
| 2017-12-31 | RM3.01 | RM2.79 | x |
| 2018-12-31 | RM2.25 | RM2.79 | x |
| 2019-12-31 | RM4.42 | RM2.79 | x |
| 2020-12-31 | RM4.13 | RM2.79 | x |
| 2021-12-31 | RM4.36 | RM2.79 | x |
| 2022-12-31 | RM4.56 | RM2.79 | x |
| 2023-12-31 | RM4.88 | RM2.79 | x |
| 2024-12-31 | RM5.42 | RM2.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NPC Resources 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): 6.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.24%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.66x
- Recent ROE (6.48%) is above the historical average (0.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -4.24% | -4.09% | 0.39x | 2.64x | RM-43.65 Million |
| 2016 | 13.61% | 17.58% | 0.32x | 2.40x | RM13.41 Million |
| 2017 | 5.90% | 8.51% | 0.24x | 2.93x | RM-14.60 Million |
| 2018 | -18.37% | -21.12% | 0.24x | 3.70x | RM-74.49 Million |
| 2019 | -2.91% | -6.67% | 0.16x | 2.71x | RM-66.65 Million |
| 2020 | -2.56% | -4.66% | 0.20x | 2.71x | RM-60.59 Million |
| 2021 | 2.05% | 2.98% | 0.27x | 2.53x | RM-40.54 Million |
| 2022 | -0.31% | -0.39% | 0.31x | 2.51x | RM-54.87 Million |
| 2023 | 1.68% | 2.14% | 0.35x | 2.26x | RM-47.44 Million |
| 2024 | 6.48% | 8.24% | 0.47x | 1.66x | RM-22.27 Million |
Industry Comparison
This section compares NPC Resources 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 |
|---|---|---|---|---|
| NPC Resources Bhd (5047) | RM619.61 Million | -4.24% | 0.74x | $9.24 Million |
| 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 |