Hap Seng Plantations Holdings Bhd

KLSE:5138 Malaysia Farm Products
Market Cap
$408.37 Million
RM1.84 Billion MYR
Market Cap Rank
#17910 Global
#149 in Malaysia
Share Price
RM2.30
Change (1 day)
+2.22%
52-Week Range
RM1.73 - RM2.35
All Time High
RM3.03
Categories
Companies in Malaysia Farm Products
About

Hap Seng Plantations Holdings Berhad, an investment holding company, operates as an oil palm plantation company in Malaysia. The company engages in the cultivation of oil palm; and processing of fresh fruit bunches. The company was founded in 1946 and is based in Kuala Lumpur, Malaysia. Hap Seng Plantations Holdings Berhad is a subsidiary of Hap Seng Consolidated Berhad.

Hap Seng Plantations Holdings Bhd (5138) - Net Assets

Latest net assets as of September 2025: RM2.10 Billion MYR

Based on the latest financial reports, Hap Seng Plantations Holdings Bhd (5138) has net assets worth RM2.10 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 (RM2.60 Billion) and total liabilities (RM501.99 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 RM2.10 Billion
% of Total Assets 80.69%
Annual Growth Rate 1.52%
5-Year Change 22.63%
10-Year Change 6.21%
Growth Volatility 6.4

Hap Seng Plantations Holdings Bhd - Net Assets Trend (2008–2024)

This chart illustrates how Hap Seng Plantations Holdings 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 Hap Seng Plantations Holdings Bhd (2008–2024)

The table below shows the annual net assets of Hap Seng Plantations Holdings Bhd from 2008 to 2024.

Year Net Assets Change
2024-12-31 RM2.10 Billion +7.70%
2023-12-31 RM1.95 Billion +1.21%
2022-12-31 RM1.93 Billion +2.46%
2021-12-31 RM1.88 Billion +9.80%
2020-12-31 RM1.71 Billion +3.77%
2019-12-31 RM1.65 Billion +0.86%
2018-12-31 RM1.64 Billion -20.89%
2017-12-31 RM2.07 Billion +1.51%
2016-12-31 RM2.04 Billion +3.04%
2015-12-31 RM1.98 Billion +1.67%
2014-12-31 RM1.95 Billion +1.23%
2013-12-31 RM1.92 Billion +1.77%
2012-12-31 RM1.89 Billion +0.66%
2011-12-31 RM1.88 Billion +6.64%
2010-12-31 RM1.76 Billion +4.83%
2009-12-31 RM1.68 Billion +1.70%
2008-12-31 RM1.65 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Hap Seng Plantations Holdings 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 1020.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings RM1.98 Billion 93.96%
Common Stock RM1.48 Billion 70.17%
Total Equity RM2.10 Billion 100.00%

Hap Seng Plantations Holdings Bhd Competitors by Market Cap

The table below lists competitors of Hap Seng Plantations Holdings Bhd ranked by their market capitalization.

Company Market Cap
Ca Toulouse 31 CCI
PA:CAT31
 		$108.47 Million
Jiangsu Cowin Biotech Co. Ltd. A
SHG:688426
 		$108.49 Million
Quess Corp Limited
NSE:QUESS
 		$108.52 Million
XSpring Capital Public Company Limited
BK:XPG
 		$108.52 Million
CARASENT ASA NK 1332
F:C34
 		$108.35 Million
Taisun Enterprise Co Ltd
TW:1218
 		$108.34 Million
Doubleview Gold Corp
OTCQB:DBLVF
 		$108.33 Million
V Zug Holding Ag
SW:VZUG
 		$108.32 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hap Seng Plantations Holdings Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,952,647,000 to 2,102,906,000, a change of 150,259,000 (7.7%).
  • Net income of 204,638,000 contributed positively to equity growth.
  • Dividend payments of 54,379,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income RM204.64 Million +9.73%
Dividends Paid RM54.38 Million -2.59%
Total Change RM- 7.70%

Book Value vs Market Value Analysis

This analysis compares Hap Seng Plantations Holdings 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: 0.87x
  • 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 decreased from 1.10x to 0.87x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2009-12-31 RM2.10 RM2.30 x
2010-12-31 RM2.20 RM2.30 x
2011-12-31 RM2.35 RM2.30 x
2012-12-31 RM2.36 RM2.30 x
2013-12-31 RM2.40 RM2.30 x
2014-12-31 RM2.44 RM2.30 x
2015-12-31 RM2.48 RM2.30 x
2016-12-31 RM2.55 RM2.30 x
2017-12-31 RM2.59 RM2.30 x
2018-12-31 RM2.05 RM2.30 x
2019-12-31 RM2.07 RM2.30 x
2020-12-31 RM2.14 RM2.30 x
2021-12-31 RM2.35 RM2.30 x
2022-12-31 RM2.41 RM2.30 x
2023-12-31 RM2.44 RM2.30 x
2024-12-31 RM2.63 RM2.30 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hap Seng Plantations Holdings 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): 9.73%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 27.20%
  • • Asset Turnover: 0.29x
  • • Equity Multiplier: 1.23x
  • Recent ROE (9.73%) is above the historical average (6.98%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2009 5.96% 26.83% 0.19x 1.18x RM-67.91 Million
2010 9.60% 35.70% 0.23x 1.15x RM-7.00 Million
2011 13.47% 38.63% 0.31x 1.13x RM65.16 Million
2012 7.42% 26.65% 0.25x 1.12x RM-48.71 Million
2013 5.07% 22.00% 0.20x 1.13x RM-94.88 Million
2014 6.59% 25.89% 0.22x 1.13x RM-66.44 Million
2015 4.87% 22.18% 0.19x 1.13x RM-101.55 Million
2016 6.08% 24.65% 0.22x 1.12x RM-79.90 Million
2017 6.51% 24.29% 0.24x 1.12x RM-72.28 Million
2018 1.78% 7.45% 0.19x 1.26x RM-134.73 Million
2019 1.90% 7.51% 0.20x 1.29x RM-133.80 Million
2020 5.27% 19.31% 0.21x 1.27x RM-81.19 Million
2021 11.90% 33.39% 0.28x 1.26x RM35.74 Million
2022 10.90% 25.82% 0.34x 1.25x RM17.39 Million
2023 4.68% 13.68% 0.28x 1.24x RM-103.90 Million
2024 9.73% 27.20% 0.29x 1.23x RM-5.65 Million

Industry Comparison

This section compares Hap Seng Plantations Holdings 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
Hap Seng Plantations Holdings Bhd (5138) RM2.10 Billion 5.96% 0.24x $108.46 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