TH Plantations Bhd (5112) - Net Assets

Latest as of December 2025: RM1.13 Billion MYR ≈ $284.77 Million USD

Based on the latest financial reports, TH Plantations Bhd (5112) has net assets worth RM1.13 Billion MYR (≈ $284.77 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 (RM2.73 Billion ≈ $686.55 Million USD) and total liabilities (RM1.60 Billion ≈ $401.78 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. Also explore TH Plantations Bhd total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM1.13 Billion
% of Total Assets	41.48%
Annual Growth Rate	-2.19%
5-Year Change	20.04%
10-Year Change	-22.41%
Growth Volatility	24.69

TH Plantations Bhd - Net Assets Trend (2012–2025)

This chart illustrates how TH Plantations Bhd's net assets have evolved over time, based on quarterly financial data. Read 5112 total debt and obligations for a breakdown of total debt and financial obligations.

Annual Net Assets for TH Plantations Bhd (2012–2025)

The table below shows the annual net assets of TH Plantations Bhd from 2012 to 2025. For live valuation and market cap data, see TH Plantations Bhd market cap and net worth.

Year	Net Assets	Change
2025-12-31	RM1.13 Billion ≈ $284.77 Million	-17.14%
2024-12-31	RM1.37 Billion ≈ $343.69 Million	+4.24%
2023-12-31	RM1.31 Billion ≈ $329.69 Million	+0.46%
2022-12-31	RM1.31 Billion ≈ $328.17 Million	+38.33%
2021-12-31	RM944.89 Million ≈ $237.23 Million	+11.15%
2020-12-31	RM850.09 Million ≈ $213.43 Million	+50.61%
2019-12-31	RM564.43 Million ≈ $141.71 Million	-28.77%
2018-12-31	RM792.36 Million ≈ $198.94 Million	-43.75%
2017-12-31	RM1.41 Billion ≈ $353.65 Million	-3.64%
2016-12-31	RM1.46 Billion ≈ $367.01 Million	+15.15%
2015-12-31	RM1.27 Billion ≈ $318.71 Million	-21.35%
2014-12-31	RM1.61 Billion ≈ $405.22 Million	+1.77%
2013-12-31	RM1.59 Billion ≈ $398.19 Million	+4.82%
2012-12-31	RM1.51 Billion ≈ $379.86 Million	--

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 92.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM29.10 Million	3.53%
Common Stock	RM862.75 Million	104.75%
Other Comprehensive Income	RM12.43 Million	1.51%
Total Equity	RM823.62 Million	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
Auna S.A. NYSE:AUNA	$125.38 Million
Access Bio Inc KQ:950130	$125.38 Million
Thai Sugar Terminal Public Company Limited BK:TSTE	$125.45 Million
Spring Valley Acquisition Corp. II Class A Ordinary Shares NASDAQ:SVII	$125.48 Million
Bukaka Teknik Utama Tbk Pt JK:BUKK	$125.32 Million
RTX A/S CO:RTX	$125.30 Million
Impiana Hotels Bhd KLSE:7243	$125.26 Million
Count Ltd AU:CUP	$125.24 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 2024 to 2025, total equity changed from 1,060,578,000 to 823,617,000, a change of -236,961,000 (-22.3%).
Net income of 91,800,000 contributed positively to equity growth.
Dividend payments of 26,348,000 reduced retained earnings.
Other comprehensive income decreased equity by 203,642,000.
Other factors decreased equity by 98,771,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM91.80 Million	+11.15%
Dividends Paid	RM26.35 Million	-3.2%
Other Comprehensive Income	RM-203.64 Million	-24.73%
Other Changes	RM-98.77 Million	-11.99%
Total Change	RM-	-22.34%

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: 0.61x
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 0.34x to 0.61x 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	RM0.57	x
2017-12-31	RM1.59	RM0.57	x
2018-12-31	RM0.90	RM0.57	x
2019-12-31	RM0.64	RM0.57	x
2020-12-31	RM0.66	RM0.57	x
2021-12-31	RM0.73	RM0.57	x
2022-12-31	RM1.13	RM0.57	x
2023-12-31	RM1.15	RM0.57	x
2024-12-31	RM1.20	RM0.57	x
2025-12-31	RM0.93	RM0.57	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): 11.15%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.55%
• Asset Turnover: 0.35x
• Equity Multiplier: 3.32x
Recent ROE (11.15%) is above the historical average (-5.06%), 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
2025	11.15%	9.55%	0.35x	3.32x	RM9.44 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: $449,772,963
Average return on equity (ROE) among peers: 1.72%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
TH Plantations Bhd (5112)	RM1.13 Billion	4.89%	1.41x	$125.38 Million
Green Ocean Corporation Bhd (0074)	$113.71 Million	-3.46%	0.17x	$3.71 Million
MAG Holdings Berhad (0095)	$706.08 Million	2.51%	0.42x	$78.81 Million
Greenyield Bhd (0136)	$57.31 Million	4.41%	0.36x	$25.05 Million
Heng Huat Resources Group Bhd (0175)	$79.33 Million	0.46%	1.12x	$28.17 Million
Matang Bhd (0189)	$186.58 Million	0.98%	0.01x	$44.99 Million
Pinehill Pacific Bhd (1902)	$193.12 Million	-4.08%	-0.01x	$17.30 Million
Chin Teck Plantations Bhd (1929)	$645.00 Million	4.65%	0.02x	$255.99 Million
Kretam Holdings Bhd (1996)	$632.73 Million	7.96%	0.29x	$391.83 Million
Negri Sembilan Oil Palms Bhd (2038)	$549.87 Million	-0.31%	0.35x	$93.77 Million
TDM Berhad (2054)	$1.33 Billion	4.05%	0.57x	$90.84 Million

About TH Plantations Bhd

KLSE:5112 Malaysia Farm Products

Market Cap

$125.38 Million

RM499.38 Million MYR

Market Cap Rank

#18406 Global

#294 in Malaysia

Share Price

RM0.57

Change (1 day)

+0.00%

52-Week Range

RM0.50 - RM0.69

All Time High

RM1.15