Sarawak Plantation Bhd
Sarawak Plantation Berhad, an investment holding company, engages in the cultivation and processing of oil palm into crude palm oil and palm kernel in Malaysia. The company is also involved in processing fresh fruit bunches; property investment activities; and provision of management, marketing, agronomic, and consultancy, as well as laboratory services. In addition, it produces seeds under the S… Read more
Sarawak Plantation Bhd (5135) - Net Assets
Latest net assets as of September 2025: RM850.70 Million MYR
Based on the latest financial reports, Sarawak Plantation Bhd (5135) has net assets worth RM850.70 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 (RM1.13 Billion) and total liabilities (RM281.63 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 | RM850.70 Million |
| % of Total Assets | 75.13% |
| Annual Growth Rate | 2.75% |
| 5-Year Change | 33.93% |
| 10-Year Change | 25.99% |
| Growth Volatility | 6.19 |
Sarawak Plantation Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Sarawak Plantation 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 Sarawak Plantation Bhd (2012–2024)
The table below shows the annual net assets of Sarawak Plantation Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM783.65 Million | +5.52% |
| 2023-12-31 | RM742.64 Million | +5.20% |
| 2022-12-31 | RM705.96 Million | +6.23% |
| 2021-12-31 | RM664.57 Million | +13.58% |
| 2020-12-31 | RM585.12 Million | +5.99% |
| 2019-12-31 | RM552.03 Million | +1.11% |
| 2018-12-31 | RM545.95 Million | -0.51% |
| 2017-12-31 | RM548.75 Million | -14.10% |
| 2016-12-31 | RM638.83 Million | +2.71% |
| 2015-12-31 | RM622.00 Million | +1.97% |
| 2014-12-31 | RM610.00 Million | +5.72% |
| 2013-12-31 | RM577.00 Million | +1.94% |
| 2012-12-31 | RM566.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sarawak Plantation 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 52.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM440.01 Million | 56.46% |
| Common Stock | RM340.97 Million | 43.75% |
| Total Equity | RM779.37 Million | 100.00% |
Sarawak Plantation Bhd Competitors by Market Cap
The table below lists competitors of Sarawak Plantation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tekcore Co. Ltd
TWO:3339
|
$52.05 Million |
|
Tamil Nadu Newsprint & Papers Limited
NSE:TNPL
|
$52.06 Million |
|
Big Shopping Centers Ltd
TA:BIG
|
$52.08 Million |
|
Global View Co Ltd
TW:3040
|
$52.08 Million |
|
Hafnia Ltd
OL:HAFNI
|
$52.04 Million |
|
GREEN CROSS WellBeing Corporation
KQ:234690
|
$52.03 Million |
|
Khai Hoan Land Group JSC
VN:KHG
|
$52.03 Million |
|
Yantai North Andre Juice Company Limited
PINK:YNAJF
|
$52.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sarawak Plantation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 748,541,321 to 779,366,000, a change of 30,824,679 (4.1%).
- Net income of 92,034,000 contributed positively to equity growth.
- Dividend payments of 69,757,000 reduced retained earnings.
- Other comprehensive income decreased equity by 493,560.
- Other factors increased equity by 9,041,239.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM92.03 Million | +11.81% |
| Dividends Paid | RM69.76 Million | -8.95% |
| Other Comprehensive Income | RM-493.56K | -0.06% |
| Other Changes | RM9.04 Million | +1.16% |
| Total Change | RM- | 4.12% |
Book Value vs Market Value Analysis
This analysis compares Sarawak Plantation 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: 1.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.61x to 1.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM2.29 | RM3.69 | x |
| 2017-12-31 | RM1.96 | RM3.69 | x |
| 2018-12-31 | RM1.95 | RM3.69 | x |
| 2019-12-31 | RM1.98 | RM3.69 | x |
| 2020-12-31 | RM2.10 | RM3.69 | x |
| 2021-12-31 | RM2.41 | RM3.69 | x |
| 2022-12-31 | RM2.55 | RM3.69 | x |
| 2023-12-31 | RM2.68 | RM3.69 | x |
| 2024-12-31 | RM2.79 | RM3.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sarawak Plantation 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): 11.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.69%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.32x
- Recent ROE (11.81%) is above the historical average (7.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 3.34% | 6.29% | 0.42x | 1.25x | RM-41.92 Million |
| 2016 | 3.48% | 5.78% | 0.43x | 1.41x | RM-41.67 Million |
| 2017 | 1.15% | 1.58% | 0.47x | 1.55x | RM-48.57 Million |
| 2018 | 2.05% | 3.60% | 0.36x | 1.57x | RM-43.42 Million |
| 2019 | 3.79% | 6.02% | 0.42x | 1.51x | RM-34.29 Million |
| 2020 | 10.50% | 13.19% | 0.53x | 1.50x | RM2.91 Million |
| 2021 | 19.05% | 16.17% | 0.81x | 1.45x | RM60.72 Million |
| 2022 | 13.58% | 13.60% | 0.75x | 1.34x | RM25.51 Million |
| 2023 | 8.61% | 11.29% | 0.60x | 1.28x | RM-10.41 Million |
| 2024 | 11.81% | 16.69% | 0.54x | 1.32x | RM14.10 Million |
Industry Comparison
This section compares Sarawak Plantation Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $444,702,596
- Average return on equity (ROE) among peers: 1.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sarawak Plantation Bhd (5135) | RM850.70 Million | 3.34% | 0.33x | $52.04 Million |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $2.27 Million |
| MAG Holdings Berhad (0095) | $473.76 Million | -1.41% | 0.15x | $29.82 Million |
| Greenyield Bhd (0136) | $54.42 Million | -0.73% | 0.43x | $3.29 Million |
| Heng Huat Resources Group Bhd (0175) | $231.51 Million | 3.70% | 0.31x | $7.31 Million |
| Matang Bhd (0189) | $248.32 Million | 2.40% | 0.03x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $184.30 Million | -6.00% | -0.03x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $651.35 Million | 10.97% | 0.05x | $63.45 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $545.52 Million | -0.47% | 0.35x | $25.62 Million |
| TDM Berhad (2054) | $1.43 Billion | 1.62% | 0.87x | $25.63 Million |