Sarawak Plantation Bhd (5135) - Net Assets
Based on the latest financial reports, Sarawak Plantation Bhd (5135) has net assets worth RM843.13 Million MYR (≈ $211.68 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.15 Billion ≈ $288.28 Million USD) and total liabilities (RM305.08 Million ≈ $76.60 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 Sarawak Plantation Bhd (5135) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM843.13 Million |
| % of Total Assets | 73.43% |
| Annual Growth Rate | 3.02% |
| 5-Year Change | 25.46% |
| 10-Year Change | 30.51% |
| Growth Volatility | 6.02 |
Sarawak Plantation Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Sarawak Plantation Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Sarawak Plantation Bhd market cap and net worth.
Annual Net Assets for Sarawak Plantation Bhd (2012–2025)
The table below shows the annual net assets of Sarawak Plantation Bhd from 2012 to 2025. Also explore Sarawak Plantation Bhd (5135) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM833.74 Million ≈ $209.32 Million |
+6.39% |
| 2024-12-31 | RM783.65 Million ≈ $196.75 Million |
+5.52% |
| 2023-12-31 | RM742.64 Million ≈ $186.45 Million |
+5.20% |
| 2022-12-31 | RM705.96 Million ≈ $177.24 Million |
+6.23% |
| 2021-12-31 | RM664.57 Million ≈ $166.85 Million |
+13.58% |
| 2020-12-31 | RM585.12 Million ≈ $146.91 Million |
+5.99% |
| 2019-12-31 | RM552.03 Million ≈ $138.60 Million |
+1.11% |
| 2018-12-31 | RM545.95 Million ≈ $137.07 Million |
-0.51% |
| 2017-12-31 | RM548.75 Million ≈ $137.77 Million |
-14.10% |
| 2016-12-31 | RM638.83 Million ≈ $160.39 Million |
+2.71% |
| 2015-12-31 | RM622.00 Million ≈ $156.16 Million |
+1.97% |
| 2014-12-31 | RM610.00 Million ≈ $153.15 Million |
+5.72% |
| 2013-12-31 | RM577.00 Million ≈ $144.87 Million |
+1.94% |
| 2012-12-31 | RM566.00 Million ≈ $142.10 Million |
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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 69.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM490.01 Million | 59.08% |
| Common Stock | RM340.97 Million | 41.11% |
| Total Equity | RM829.36 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 |
|---|---|
|
Thinkingdom Media Group Ltd
SHG:603096
|
$336.28 Million |
|
Cognor S.A.
WAR:COG
|
$336.28 Million |
|
Jiangsu Tongda Power Technology Co Ltd
SHE:002576
|
$336.30 Million |
|
Evli Pankki Oyj
HE:EVLI
|
$336.32 Million |
|
Zhejiang Golden Eagle Co Ltd
SHG:600232
|
$336.23 Million |
|
Echomarketing Co.Ltd
KQ:230360
|
$336.12 Million |
|
Gopal Snacks Ltd
NSE:GOPAL
|
$336.11 Million |
|
Ratos AB (publ)
ST:RATO-A
|
$336.10 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 2024 to 2025, total equity changed from 779,366,000 to 829,363,000, a change of 49,997,000 (6.4%).
- Net income of 105,803,000 contributed positively to equity growth.
- Dividend payments of 55,806,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM105.80 Million | +12.76% |
| Dividends Paid | RM55.81 Million | -6.73% |
| Total Change | RM- | 6.42% |
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: 1.61x
- 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 2.10x to 1.61x 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 | RM4.80 | x |
| 2017-12-31 | RM1.96 | RM4.80 | x |
| 2018-12-31 | RM1.95 | RM4.80 | x |
| 2019-12-31 | RM1.98 | RM4.80 | x |
| 2020-12-31 | RM2.10 | RM4.80 | x |
| 2021-12-31 | RM2.41 | RM4.80 | x |
| 2022-12-31 | RM2.55 | RM4.80 | x |
| 2023-12-31 | RM2.68 | RM4.80 | x |
| 2024-12-31 | RM2.79 | RM4.80 | x |
| 2025-12-31 | RM2.97 | RM4.80 | 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): 12.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.51%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.35x
- Recent ROE (12.76%) is above the historical average (8.19%), 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 |
| 2025 | 12.76% | 18.51% | 0.51x | 1.35x | RM22.87 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: $383,077,122
- Average return on equity (ROE) among peers: -1.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sarawak Plantation Bhd (5135) | RM843.13 Million | 3.34% | 0.36x | $336.27 Million |
| Green Ocean Corporation Bhd (0074) | $20.50 Million | 0.66% | 1.26x | $6.89 Million |
| MAG Holdings Berhad (0095) | $452.69 Million | -5.21% | 0.59x | $74.04 Million |
| Greenyield Bhd (0136) | $68.86 Million | 7.90% | 0.29x | $20.87 Million |
| Heng Huat Resources Group Bhd (0175) | $128.19 Million | 11.49% | 0.68x | $46.95 Million |
| Matang Bhd (0189) | $246.47 Million | 1.40% | 0.03x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $31.00 Million | -12.90% | 5.52x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $647.08 Million | 2.74% | 0.03x | $235.35 Million |
| Kretam Holdings Bhd (1996) | $929.00 Million | 1.18% | 0.31x | $374.54 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $566.39 Million | 1.67% | 0.33x | $93.59 Million |
| TDM Berhad (2054) | $740.59 Million | -26.99% | 1.25x | $97.33 Million |
About Sarawak Plantation Bhd
Sarawak Plantation Berhad, together with its subsidiaries, engages in the cultivation and processing of oil palm into crude palm oil and palm kernel in Malaysia. It operates through Investment holding, Oil Palm Operations, and Agronomic/Marketing Services and Rental segment. The company is also involved in processing fresh fruit bunches; property investment activities; and provision of management… Read more