HeveaBoard Bhd
HeveaBoard Berhad, an investment holding company, manufactures, trades in, and distributes particleboards and particleboard-based products. It operates through Particleboards; Ready-to-Assemble Product; Cultivation and Trading of Gourmet Fungi; and Others segments. The company manufactures, trades, distributes, and markets ready-to-assemble furniture; and engages in the design, manufacturing, tra… Read more
HeveaBoard Bhd (5095) - Net Assets
Latest net assets as of September 2025: RM369.81 Million MYR
Based on the latest financial reports, HeveaBoard Bhd (5095) has net assets worth RM369.81 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 (RM444.23 Million) and total liabilities (RM74.42 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 | RM369.81 Million |
| % of Total Assets | 83.25% |
| Annual Growth Rate | 5.75% |
| 5-Year Change | -5.45% |
| 10-Year Change | 17.95% |
| Growth Volatility | 10.39 |
HeveaBoard Bhd - Net Assets Trend (2012–2024)
This chart illustrates how HeveaBoard 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 HeveaBoard Bhd (2012–2024)
The table below shows the annual net assets of HeveaBoard Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM406.93 Million | -2.00% |
| 2023-12-31 | RM415.26 Million | -2.48% |
| 2022-12-31 | RM425.80 Million | +0.87% |
| 2021-12-31 | RM422.13 Million | -1.91% |
| 2020-12-31 | RM430.37 Million | 0.00% |
| 2019-12-31 | RM430.38 Million | -2.35% |
| 2018-12-31 | RM440.73 Million | -3.65% |
| 2017-12-31 | RM457.42 Million | +8.63% |
| 2016-12-31 | RM421.07 Million | +22.05% |
| 2015-12-31 | RM345.00 Million | +27.31% |
| 2014-12-31 | RM271.00 Million | +17.32% |
| 2013-12-31 | RM231.00 Million | +11.06% |
| 2012-12-31 | RM208.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HeveaBoard 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 12.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM245.94 Million | 60.79% |
| Common Stock | RM160.22 Million | 39.60% |
| Total Equity | RM404.54 Million | 100.00% |
HeveaBoard Bhd Competitors by Market Cap
The table below lists competitors of HeveaBoard Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bicycle Therapeutics plc
F:50BA
|
$8.39 Million |
|
Paringa Resources Limited
PINK:PNGZF
|
$8.40 Million |
|
Garuda Maintenance Facility AeroAsia Tbk PT
JK:GMFI
|
$8.40 Million |
|
Shengfeng Development Limited Class A Ordinary Shares
NASDAQ:SFWL
|
$8.40 Million |
|
Texmo Pipes and Products Limited
NSE:TEXMOPIPES
|
$8.39 Million |
|
Beauty Skin Corp.
KQ:406820
|
$8.39 Million |
|
SY PUBLIC UTIL -H- (SH3.SG)
STU:SH3
|
$8.39 Million |
|
PlexBio Co., Ltd.
TWO:6572
|
$8.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HeveaBoard Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 415,256,000 to 404,540,000, a change of -10,716,000 (-2.6%).
- Net loss of 5,057,000 reduced equity.
- Dividend payments of 5,659,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-5.06 Million | -1.25% |
| Dividends Paid | RM5.66 Million | -1.4% |
| Total Change | RM- | -2.58% |
Book Value vs Market Value Analysis
This analysis compares HeveaBoard 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: 0.19x
- 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 | RM0.84 | RM0.14 | x |
| 2017-12-31 | RM0.82 | RM0.14 | x |
| 2018-12-31 | RM0.79 | RM0.14 | x |
| 2019-12-31 | RM0.76 | RM0.14 | x |
| 2020-12-31 | RM0.76 | RM0.14 | x |
| 2021-12-31 | RM0.75 | RM0.14 | x |
| 2022-12-31 | RM0.75 | RM0.14 | x |
| 2023-12-31 | RM0.73 | RM0.14 | x |
| 2024-12-31 | RM0.71 | RM0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HeveaBoard 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): -1.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.55%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.21x
- Recent ROE (-1.25%) is below the historical average (6.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 21.41% | 14.71% | 1.05x | 1.39x | RM39.44 Million |
| 2016 | 19.16% | 14.94% | 1.05x | 1.22x | RM38.56 Million |
| 2017 | 14.09% | 11.83% | 0.97x | 1.23x | RM18.69 Million |
| 2018 | 3.78% | 3.72% | 0.83x | 1.23x | RM-27.42 Million |
| 2019 | 3.36% | 3.44% | 0.78x | 1.25x | RM-28.60 Million |
| 2020 | 3.80% | 4.21% | 0.74x | 1.22x | RM-26.67 Million |
| 2021 | -0.28% | -0.31% | 0.70x | 1.25x | RM-43.38 Million |
| 2022 | 2.19% | 2.26% | 0.81x | 1.19x | RM-33.25 Million |
| 2023 | -0.90% | -1.27% | 0.59x | 1.21x | RM-45.28 Million |
| 2024 | -1.25% | -1.55% | 0.67x | 1.21x | RM-45.51 Million |
Industry Comparison
This section compares HeveaBoard Bhd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $228,109,183
- Average return on equity (ROE) among peers: -6.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HeveaBoard Bhd (5095) | RM369.81 Million | 21.41% | 0.20x | $8.39 Million |
| Kanger International Bhd (0170) | $299.84 Million | -50.54% | 0.06x | $5.15 Million |
| Mieco Chipboard Bhd (5001) | $402.71 Million | 11.91% | 0.49x | $31.77 Million |
| NWP Holdings Bhd (5025) | $50.00 Million | -6.00% | 0.12x | $2.92 Million |
| Annum Bhd (5082) | $47.16 Million | -23.54% | 0.45x | $98.68K |
| Focus Lumber Bhd (5197) | $116.00 Million | 10.34% | 0.14x | $4.46 Million |
| Minho M Bhd (5576) | $374.87 Million | 0.83% | 0.32x | $7.94 Million |
| Golden Pharos Bhd (5649) | $68.39 Million | -9.79% | 0.48x | $1.66 Million |
| Subur Tiasa Holdings Bhd (6904) | $655.00 Million | 5.19% | 0.44x | $4.88 Million |
| Woodlandor Holdings Bhd (7025) | $39.00 Million | 0.00% | 0.51x | $924.70K |