Luster Industries Bhd
Luster Industries Bhd, an investment holding company, manufactures and sells plastic molded components in Malaysia, the United Kingdom, the Asia-Pacific, the United States, Germany, New Zealand, Saudi Arabia, South Africa, Chile, Kenya, and internationally. It operates through Manufacturing; Construction and Property Development; Glove Manufacturing and Engineering, Procurement, Construction, and… Read more
Luster Industries Bhd (5068) - Net Assets
Latest net assets as of September 2025: RM276.65 Million MYR
Based on the latest financial reports, Luster Industries Bhd (5068) has net assets worth RM276.65 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM603.64 Million) and total liabilities (RM326.99 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 | RM276.65 Million |
| % of Total Assets | 45.83% |
| Annual Growth Rate | 7.89% |
| 5-Year Change | 2.57% |
| 10-Year Change | 91.16% |
| Growth Volatility | 17.81 |
Luster Industries Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Luster Industries 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 Luster Industries Bhd (2012–2024)
The table below shows the annual net assets of Luster Industries Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM288.65 Million | +0.77% |
| 2023-12-31 | RM286.43 Million | +1.82% |
| 2022-12-31 | RM281.32 Million | -3.01% |
| 2021-12-31 | RM290.04 Million | +3.07% |
| 2020-12-31 | RM281.41 Million | +52.88% |
| 2019-12-31 | RM184.07 Million | +9.19% |
| 2018-12-31 | RM168.57 Million | +8.75% |
| 2017-12-31 | RM155.01 Million | +24.18% |
| 2016-12-31 | RM124.83 Million | -17.33% |
| 2015-12-31 | RM151.00 Million | 0.00% |
| 2014-12-31 | RM151.00 Million | -0.66% |
| 2013-12-31 | RM152.00 Million | +31.03% |
| 2012-12-31 | RM116.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Luster 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 grown by 7714998000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM28.31 Million | 9.81% |
| Common Stock | RM262.28 Million | 90.86% |
| Total Equity | RM288.65 Million | 100.00% |
Luster Industries Bhd Competitors by Market Cap
The table below lists competitors of Luster Industries Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bukit Jalil Global Acquisition 1 Ltd. Ordinary Shares
NASDAQ:BUJA
|
$12.81 Million |
|
DT&C Co. Ltd
KQ:187220
|
$12.82 Million |
|
Stakeholder Gold Corp
V:SRC
|
$12.82 Million |
|
Moro Corp
PINK:MRCR
|
$12.82 Million |
|
Healthcare Triangle Inc
NASDAQ:HCTI
|
$12.80 Million |
|
RBZ Jewellers Limited
NSE:RBZJEWEL
|
$12.79 Million |
|
Earth Science Tech Inc
PINK:ETST
|
$12.79 Million |
|
NBI Bearings Europe S.A.
MC:NBI
|
$12.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Luster Industries Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 286,434,020 to 288,650,040, a change of 2,216,020 (0.8%).
- Net income of 6,124,770 contributed positively to equity growth.
- Share repurchases of 1,937,900 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM6.12 Million | +2.12% |
| Share Repurchases | RM1.94 Million | -0.67% |
| Other Changes | RM-1.97 Million | -0.68% |
| Total Change | RM- | 0.77% |
Book Value vs Market Value Analysis
This analysis compares Luster 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: 0.41x
- 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 0.55x to 0.41x 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 | RM0.07 | RM0.04 | x |
| 2017-12-31 | RM0.08 | RM0.04 | x |
| 2018-12-31 | RM0.09 | RM0.04 | x |
| 2019-12-31 | RM0.09 | RM0.04 | x |
| 2020-12-31 | RM0.10 | RM0.04 | x |
| 2021-12-31 | RM0.10 | RM0.04 | x |
| 2022-12-31 | RM0.09 | RM0.04 | x |
| 2023-12-31 | RM0.09 | RM0.04 | x |
| 2024-12-31 | RM0.10 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Luster 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): 2.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.72%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.96x
- Recent ROE (2.12%) is above the historical average (-0.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -19.80% | -21.74% | 0.74x | 1.23x | RM-37.19 Million |
| 2017 | 3.18% | 3.50% | 0.75x | 1.21x | RM-10.57 Million |
| 2018 | 7.46% | 7.21% | 0.84x | 1.24x | RM-4.28 Million |
| 2019 | 5.02% | 5.06% | 0.75x | 1.32x | RM-9.17 Million |
| 2020 | 2.12% | 3.25% | 0.52x | 1.26x | RM-22.18 Million |
| 2021 | 2.92% | 5.58% | 0.30x | 1.76x | RM-20.53 Million |
| 2022 | -6.01% | -10.84% | 0.28x | 1.98x | RM-45.05 Million |
| 2023 | 0.74% | 1.50% | 0.26x | 1.89x | RM-26.54 Million |
| 2024 | 2.12% | 3.72% | 0.29x | 1.96x | RM-22.74 Million |
Industry Comparison
This section compares Luster Industries Bhd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $65,656,758
- Average return on equity (ROE) among peers: 24.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Luster Industries Bhd (5068) | RM276.65 Million | -19.80% | 1.18x | $12.81 Million |
| YBS International Bhd (0025) | $55.16 Million | 4.17% | 0.60x | $6.24 Million |
| AT Systematization Bhd (0072) | $73.87 Million | -7.62% | 0.21x | $3.46 Million |
| Genetec Technology Bhd (0104) | $160.80 Million | 35.08% | 0.83x | $23.40 Million |
| Boilermech Holdings Bhd (0168) | $161.65 Million | 19.03% | 0.85x | $38.28 Million |
| HLT Global Bhd (0188) | $52.74 Million | 9.17% | 1.27x | $3.07 Million |
| Greatech Technology Bhd (0208) | $40.50 Million | 47.05% | 1.60x | $388.67 Million |
| Aimflex Bhd (0209) | $13.35 Million | 61.55% | 2.09x | $15.68 Million |
| Flexidynamic Holdings Bhd (0231) | $13.26 Million | 33.16% | 1.01x | $1.77 Million |
| ECA (0267) | $61.14 Million | 17.64% | 0.17x | $7.22 Million |
| TP TEC Holding Berhad (03061) | $24.11 Million | 27.84% | 1.93x | $658.97 |