Luster Industries Bhd (5068) - Net Assets
Based on the latest financial reports, Luster Industries Bhd (5068) has net assets worth RM239.81 Million MYR (≈ $60.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM534.35 Million ≈ $134.16 Million USD) and total liabilities (RM294.54 Million ≈ $73.95 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 5068 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM239.81 Million |
| % of Total Assets | 44.88% |
| Annual Growth Rate | 6.17% |
| 5-Year Change | -12.88% |
| 10-Year Change | 102.44% |
| Growth Volatility | 18.06 |
Luster Industries Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Luster Industries Bhd's net assets have evolved over time, based on quarterly financial data. See 5068 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Luster Industries Bhd (2012–2025)
The table below shows the annual net assets of Luster Industries Bhd from 2012 to 2025. For live valuation and market cap data, see Luster Industries Bhd (5068) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM252.70 Million ≈ $63.44 Million |
-12.46% |
| 2024-12-31 | RM288.65 Million ≈ $72.47 Million |
+0.77% |
| 2023-12-31 | RM286.43 Million ≈ $71.91 Million |
+1.82% |
| 2022-12-31 | RM281.32 Million ≈ $70.63 Million |
-3.01% |
| 2021-12-31 | RM290.04 Million ≈ $72.82 Million |
+3.07% |
| 2020-12-31 | RM281.41 Million ≈ $70.65 Million |
+52.88% |
| 2019-12-31 | RM184.07 Million ≈ $46.21 Million |
+9.19% |
| 2018-12-31 | RM168.57 Million ≈ $42.32 Million |
+8.75% |
| 2017-12-31 | RM155.01 Million ≈ $38.92 Million |
+24.18% |
| 2016-12-31 | RM124.83 Million ≈ $31.34 Million |
-17.33% |
| 2015-12-31 | RM151.00 Million ≈ $37.91 Million |
0.00% |
| 2014-12-31 | RM151.00 Million ≈ $37.91 Million |
-0.66% |
| 2013-12-31 | RM152.00 Million ≈ $38.16 Million |
+31.03% |
| 2012-12-31 | RM116.00 Million ≈ $29.12 Million |
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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 4153137000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM262.27 Million | 103.79% |
| Total Equity | RM252.70 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 |
|---|---|
|
Ballymore Resources Ltd
AU:BMR
|
$22.13 Million |
|
Alma Metals Ltd
AU:ALM
|
$22.14 Million |
|
Z-Com Inc
TWO:8176
|
$22.14 Million |
|
Prefab Bucures
RO:PREH
|
$22.15 Million |
|
Allarity Therapeutics Inc
NASDAQ:ALLR
|
$22.11 Million |
|
BoomBit S.A
WAR:BBT
|
$22.10 Million |
|
HG Capital Trust PLC
LSE:HGT
|
$22.10 Million |
|
Patentus SA
WAR:PAT
|
$22.08 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 2024 to 2025, total equity changed from 288,650,040 to 252,697,000, a change of -35,953,040 (-12.5%).
- Net loss of 21,485,000 reduced equity.
- Share repurchases of 335,000 reduced equity.
- Other factors decreased equity by 14,133,040.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-21.48 Million | -8.5% |
| Share Repurchases | RM335.00K | -0.13% |
| Other Changes | RM-14.13 Million | -5.59% |
| Total Change | RM- | -12.46% |
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: 0.35x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.07 | RM0.03 | x |
| 2017-12-31 | RM0.08 | RM0.03 | x |
| 2018-12-31 | RM0.09 | RM0.03 | x |
| 2019-12-31 | RM0.09 | RM0.03 | x |
| 2020-12-31 | RM0.10 | RM0.03 | x |
| 2021-12-31 | RM0.10 | RM0.03 | x |
| 2022-12-31 | RM0.09 | RM0.03 | x |
| 2023-12-31 | RM0.09 | RM0.03 | x |
| 2024-12-31 | RM0.10 | RM0.03 | x |
| 2025-12-31 | RM0.08 | RM0.03 | 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): -8.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.09%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.18x
- Recent ROE (-8.50%) is below the historical average (-1.08%), suggesting potential challenges in 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 |
| 2025 | -8.50% | -8.09% | 0.48x | 2.18x | RM-46.75 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: $198,205,397
- Average return on equity (ROE) among peers: 0.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Luster Industries Bhd (5068) | RM239.81 Million | -19.80% | 1.23x | $22.12 Million |
| YBS International Bhd (0025) | $136.17 Million | -7.41% | 0.65x | $20.34 Million |
| AT Systematization Bhd (0072) | $337.22 Million | -36.79% | 0.39x | $6.32 Million |
| Genetec Technology Bhd (0104) | $160.80 Million | 35.08% | 0.83x | $58.13 Million |
| Boilermech Holdings Bhd (0168) | $610.31 Million | 8.57% | 0.46x | $297.01 Million |
| HLT Global Bhd (0188) | $47.90 Million | -54.49% | 1.51x | $7.88 Million |
| Greatech Technology Bhd (0208) | $286.75 Million | 30.64% | 0.59x | $1.63 Billion |
| Aimflex Bhd (0209) | $143.20 Million | 5.75% | 0.14x | $30.77 Million |
| Flexidynamic Holdings Bhd (0231) | $36.67 Million | -10.67% | 1.22x | $9.40 Million |
| ECA (0267) | $24.85 Million | 31.42% | 0.43x | $35.62 Million |
About 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