HeveaBoard Bhd (5095) - Net Assets

Latest as of December 2025: RM358.67 Million MYR ≈ $90.05 Million USD

Based on the latest financial reports, HeveaBoard Bhd (5095) has net assets worth RM358.67 Million MYR (≈ $90.05 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM444.23 Million ≈ $111.53 Million USD) and total liabilities (RM85.56 Million ≈ $21.48 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 tangible net worth ratio of HeveaBoard Bhd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM358.67 Million
% of Total Assets	80.74%
Annual Growth Rate	4.33%
5-Year Change	-14.49%
10-Year Change	-14.28%
Growth Volatility	11.02

HeveaBoard Bhd - Net Assets Trend (2012–2025)

This chart illustrates how HeveaBoard Bhd's net assets have evolved over time, based on quarterly financial data. See HeveaBoard Bhd (5095) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for HeveaBoard Bhd (2012–2025)

The table below shows the annual net assets of HeveaBoard Bhd from 2012 to 2025. For live valuation and market cap data, see 5095 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	RM360.95 Million ≈ $90.62 Million	-11.30%
2024-12-31	RM406.93 Million ≈ $102.17 Million	-2.00%
2023-12-31	RM415.26 Million ≈ $104.26 Million	-2.48%
2022-12-31	RM425.80 Million ≈ $106.91 Million	+0.87%
2021-12-31	RM422.13 Million ≈ $105.98 Million	-1.91%
2020-12-31	RM430.37 Million ≈ $108.05 Million	0.00%
2019-12-31	RM430.38 Million ≈ $108.05 Million	-2.35%
2018-12-31	RM440.73 Million ≈ $110.65 Million	-3.65%
2017-12-31	RM457.42 Million ≈ $114.84 Million	+8.63%
2016-12-31	RM421.07 Million ≈ $105.72 Million	+22.05%
2015-12-31	RM345.00 Million ≈ $86.62 Million	+27.31%
2014-12-31	RM271.00 Million ≈ $68.04 Million	+17.32%
2013-12-31	RM231.00 Million ≈ $58.00 Million	+11.06%
2012-12-31	RM208.00 Million ≈ $52.22 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 decreased by 8.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM200.07 Million	55.78%
Common Stock	RM160.22 Million	44.67%
Total Equity	RM358.67 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
Neurotech International Ltd AU:NTI	$14.92 Million
Nam Sung KO:004270	$14.92 Million
Northern Graphite Corporation V:NGC	$14.92 Million
Kresna Graha Investama Tbk PT JK:KREN	$14.93 Million
Pinnacle Food Group Limited Class A Common Shares NASDAQ:PFAI	$14.92 Million
All In! Games S.A. WAR:ALG	$14.90 Million
Fitzroy River Corporation Ltd AU:FZR	$14.89 Million
Innodep Inc. KQ:303530	$14.89 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 2024 to 2025, total equity changed from 404,540,000 to 358,667,000, a change of -45,873,000 (-11.3%).
Net loss of 40,214,000 reduced equity.
Dividend payments of 5,659,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-40.21 Million	-11.21%
Dividends Paid	RM5.66 Million	-1.58%
Total Change	RM-	-11.34%

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: 0.17x
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	RM0.11	x
2017-12-31	RM0.82	RM0.11	x
2018-12-31	RM0.79	RM0.11	x
2019-12-31	RM0.76	RM0.11	x
2020-12-31	RM0.76	RM0.11	x
2021-12-31	RM0.75	RM0.11	x
2022-12-31	RM0.75	RM0.11	x
2023-12-31	RM0.73	RM0.11	x
2024-12-31	RM0.71	RM0.11	x
2025-12-31	RM0.63	RM0.11	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): -11.21%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -13.16%
• Asset Turnover: 0.69x
• Equity Multiplier: 1.24x
Recent ROE (-11.21%) is below the historical average (4.92%), 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
2025	-11.21%	-13.16%	0.69x	1.24x	RM-76.08 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: $195,581,706
Average return on equity (ROE) among peers: -6.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
HeveaBoard Bhd (5095)	RM358.67 Million	21.41%	0.24x	$14.92 Million
Kanger International Bhd (0170)	$125.98 Million	-1.36%	0.62x	$4.66 Million
Mieco Chipboard Bhd (5001)	$391.61 Million	-8.61%	0.63x	$161.94 Million
NWP Holdings Bhd (5025)	$37.54 Million	-46.95%	0.20x	$23.18 Million
Annum Bhd (5082)	$47.16 Million	-23.54%	0.45x	$285.59K
Focus Lumber Bhd (5197)	$147.00 Million	21.77%	0.08x	$11.52 Million
Minho M Bhd (5576)	$344.00 Million	4.65%	0.34x	$24.63 Million
Golden Pharos Bhd (5649)	$70.10 Million	0.94%	0.51x	$8.13 Million
Subur Tiasa Holdings Bhd (6904)	$555.83 Million	-6.44%	1.64x	$35.01 Million
Woodlandor Holdings Bhd (7025)	$41.02 Million	1.34%	0.38x	$6.03 Million

About HeveaBoard Bhd

KLSE:5095 Malaysia Lumber & Wood Production

Market Cap

$14.92 Million

RM59.42 Million MYR

Market Cap Rank

#26035 Global

#763 in Malaysia

Share Price

RM0.11

Change (1 day)

+0.00%

52-Week Range

RM0.10 - RM0.24

All Time High

RM1.24