TH Plantations Bhd
TH Plantations Berhad, an investment holding company, engages in the cultivation of oil palm in Malaysia and Indonesia. It operates in two segments, Oil Palm Plantations and Forestry. The Oil Palm Plantations segment includes cultivation of oil palm, processing of fresh fruit bunches, marketing of crude palm oil, palm kernel, and fresh fruit bunches. The Forestry segment engages in harvesting of … Read more
TH Plantations Bhd (5112) - Net Assets
Latest net assets as of September 2025: RM1.40 Billion MYR
Based on the latest financial reports, TH Plantations Bhd (5112) has net assets worth RM1.40 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM2.71 Billion) and total liabilities (RM1.31 Billion). 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 | RM1.40 Billion |
| % of Total Assets | 51.68% |
| Annual Growth Rate | -0.83% |
| 5-Year Change | 61.03% |
| 10-Year Change | 7.84% |
| Growth Volatility | 25.12 |
TH Plantations Bhd - Net Assets Trend (2012–2024)
This chart illustrates how TH Plantations 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 TH Plantations Bhd (2012–2024)
The table below shows the annual net assets of TH Plantations Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM1.37 Billion | +4.24% |
| 2023-12-31 | RM1.31 Billion | +0.46% |
| 2022-12-31 | RM1.31 Billion | +38.33% |
| 2021-12-31 | RM944.89 Million | +11.15% |
| 2020-12-31 | RM850.09 Million | +50.61% |
| 2019-12-31 | RM564.43 Million | -28.77% |
| 2018-12-31 | RM792.36 Million | -43.75% |
| 2017-12-31 | RM1.41 Billion | -3.64% |
| 2016-12-31 | RM1.46 Billion | +15.15% |
| 2015-12-31 | RM1.27 Billion | -21.35% |
| 2014-12-31 | RM1.61 Billion | +1.77% |
| 2013-12-31 | RM1.59 Billion | +4.82% |
| 2012-12-31 | RM1.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TH Plantations 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 104.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM862.75 Million | 81.35% |
| Other Comprehensive Income | RM216.07 Million | 20.37% |
| Total Equity | RM1.06 Billion | 100.00% |
TH Plantations Bhd Competitors by Market Cap
The table below lists competitors of TH Plantations Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arzum Elektrikli Ev Aletleri Sanayi ve Ticaret AS
IS:ARZUM
|
$21.72 Million |
|
SMG EUROPEAN RECOV. EO 1
F:RCVR
|
$21.72 Million |
|
PT Duta Pertiwi Tbk
F:DUI
|
$21.72 Million |
|
Redtone International Bhd
KLSE:0032
|
$21.72 Million |
|
GROUPE CRIT INH. EO 036
F:CT2
|
$21.72 Million |
|
WLM Participações e Comércio de Máquinas e Veículos S.A
SA:WLMM3
|
$21.72 Million |
|
Full Wang International Development Co Ltd
TWO:6219
|
$21.71 Million |
|
K2 Gold Corporation
OTCQB:KTGDF
|
$21.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TH Plantations Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,014,231,000 to 1,060,578,000, a change of 46,347,000 (4.6%).
- Net income of 75,178,000 contributed positively to equity growth.
- Dividend payments of 17,740,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,835,000.
- Other factors decreased equity by 17,926,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM75.18 Million | +7.09% |
| Dividends Paid | RM17.74 Million | -1.67% |
| Other Comprehensive Income | RM6.83 Million | +0.64% |
| Other Changes | RM-17.93 Million | -1.69% |
| Total Change | RM- | 4.57% |
Book Value vs Market Value Analysis
This analysis compares TH Plantations 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: 0.53x
- 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 increased from 0.38x to 0.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM1.65 | RM0.64 | x |
| 2017-12-31 | RM1.59 | RM0.64 | x |
| 2018-12-31 | RM0.90 | RM0.64 | x |
| 2019-12-31 | RM0.64 | RM0.64 | x |
| 2020-12-31 | RM0.66 | RM0.64 | x |
| 2021-12-31 | RM0.73 | RM0.64 | x |
| 2022-12-31 | RM1.13 | RM0.64 | x |
| 2023-12-31 | RM1.15 | RM0.64 | x |
| 2024-12-31 | RM1.20 | RM0.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TH Plantations 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): 7.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.57%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.54x
- Recent ROE (7.09%) is above the historical average (-6.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.89% | 13.65% | 0.13x | 2.72x | RM-64.81 Million |
| 2016 | 10.06% | 26.15% | 0.15x | 2.52x | RM888.90K |
| 2017 | 1.59% | 3.26% | 0.19x | 2.53x | RM-118.45 Million |
| 2018 | -75.04% | -114.50% | 0.18x | 3.62x | RM-673.84 Million |
| 2019 | -40.13% | -45.88% | 0.18x | 4.85x | RM-282.94 Million |
| 2020 | 2.41% | 2.52% | 0.21x | 4.59x | RM-44.04 Million |
| 2021 | 10.81% | 9.23% | 0.27x | 4.41x | RM5.26 Million |
| 2022 | 6.88% | 7.81% | 0.33x | 2.68x | RM-31.11 Million |
| 2023 | 4.60% | 6.20% | 0.29x | 2.59x | RM-54.81 Million |
| 2024 | 7.09% | 8.57% | 0.33x | 2.54x | RM-30.88 Million |
Industry Comparison
This section compares TH Plantations Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $377,826,757
- Average return on equity (ROE) among peers: -11.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TH Plantations Bhd (5112) | RM1.40 Billion | 4.89% | 0.93x | $21.72 Million |
| Green Ocean Corporation Bhd (0074) | $20.50 Million | 0.66% | 1.26x | $2.01 Million |
| MAG Holdings Berhad (0095) | $767.53 Million | 4.45% | 0.40x | $29.82 Million |
| Greenyield Bhd (0136) | $68.86 Million | 7.90% | 0.29x | $3.29 Million |
| Heng Huat Resources Group Bhd (0175) | $36.07 Million | -118.86% | 2.26x | $7.31 Million |
| Matang Bhd (0189) | $246.80 Million | 1.06% | 0.02x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $110.00 Million | -10.00% | 2.40x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $616.00 Million | 8.60% | 0.02x | $63.22 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $596.00 Million | -0.67% | 0.11x | $25.76 Million |
| TDM Berhad (2054) | $708.78 Million | -4.16% | 1.46x | $24.43 Million |