Hap Seng Plantations Holdings Bhd (5138) - Net Assets
Based on the latest financial reports, Hap Seng Plantations Holdings Bhd (5138) has net assets worth RM2.09 Billion MYR (≈ $524.48 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 (RM2.57 Billion ≈ $645.71 Million USD) and total liabilities (RM482.86 Million ≈ $121.23 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 Hap Seng Plantations Holdings Bhd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM2.09 Billion |
| % of Total Assets | 81.23% |
| Annual Growth Rate | 1.5% |
| 5-Year Change | 13.01% |
| 10-Year Change | 4.3% |
| Growth Volatility | 6.21 |
Hap Seng Plantations Holdings Bhd - Net Assets Trend (2008–2025)
This chart illustrates how Hap Seng Plantations Holdings Bhd's net assets have evolved over time, based on quarterly financial data. See Hap Seng Plantations Holdings Bhd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hap Seng Plantations Holdings Bhd (2008–2025)
The table below shows the annual net assets of Hap Seng Plantations Holdings Bhd from 2008 to 2025. For live valuation and market cap data, see Hap Seng Plantations Holdings Bhd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM2.13 Billion ≈ $534.22 Million |
+1.18% |
| 2024-12-31 | RM2.10 Billion ≈ $527.97 Million |
+7.70% |
| 2023-12-31 | RM1.95 Billion ≈ $490.25 Million |
+1.21% |
| 2022-12-31 | RM1.93 Billion ≈ $484.37 Million |
+2.46% |
| 2021-12-31 | RM1.88 Billion ≈ $472.73 Million |
+9.80% |
| 2020-12-31 | RM1.71 Billion ≈ $430.54 Million |
+3.77% |
| 2019-12-31 | RM1.65 Billion ≈ $414.89 Million |
+0.86% |
| 2018-12-31 | RM1.64 Billion ≈ $411.36 Million |
-20.89% |
| 2017-12-31 | RM2.07 Billion ≈ $519.96 Million |
+1.51% |
| 2016-12-31 | RM2.04 Billion ≈ $512.21 Million |
+3.04% |
| 2015-12-31 | RM1.98 Billion ≈ $497.11 Million |
+1.67% |
| 2014-12-31 | RM1.95 Billion ≈ $488.96 Million |
+1.23% |
| 2013-12-31 | RM1.92 Billion ≈ $483.03 Million |
+1.77% |
| 2012-12-31 | RM1.89 Billion ≈ $474.62 Million |
+0.66% |
| 2011-12-31 | RM1.88 Billion ≈ $471.53 Million |
+6.64% |
| 2010-12-31 | RM1.76 Billion ≈ $442.16 Million |
+4.83% |
| 2009-12-31 | RM1.68 Billion ≈ $421.80 Million |
+1.70% |
| 2008-12-31 | RM1.65 Billion ≈ $414.75 Million |
-- |
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 270.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM653.07 Million | 30.69% |
| Common Stock | RM1.48 Billion | 69.35% |
| Total Equity | RM2.13 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 |
|---|---|
|
Infomedia Ltd
AU:IFM
|
$453.85 Million |
|
BANK OG TIANJIN H YC1
F:B95
|
$453.86 Million |
|
Qingdao Kingking Applied Chemistry Co Ltd
SHE:002094
|
$453.94 Million |
|
Career Technology MFG Co Ltd
TW:6153
|
$453.98 Million |
|
Nantong Chaoda Equipment Co.Ltd.
SHE:301186
|
$453.67 Million |
|
Jinlong Machinery Electronic
SHE:300032
|
$453.66 Million |
|
Miller Industries Inc
NYSE:MLR
|
$453.63 Million |
|
Stabilus S.A.
XETRA:STM
|
$453.49 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 2024 to 2025, total equity changed from 2,102,906,000 to 2,127,808,000, a change of 24,902,000 (1.2%).
- Net income of 124,863,000 contributed positively to equity growth.
- Dividend payments of 99,961,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM124.86 Million | +5.87% |
| Dividends Paid | RM99.96 Million | -4.7% |
| Total Change | RM- | 1.18% |
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: 0.85x
- 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 1.08x to 0.85x 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 | RM2.26 | x |
| 2010-12-31 | RM2.20 | RM2.26 | x |
| 2011-12-31 | RM2.35 | RM2.26 | x |
| 2012-12-31 | RM2.36 | RM2.26 | x |
| 2013-12-31 | RM2.40 | RM2.26 | x |
| 2014-12-31 | RM2.44 | RM2.26 | x |
| 2015-12-31 | RM2.48 | RM2.26 | x |
| 2016-12-31 | RM2.55 | RM2.26 | x |
| 2017-12-31 | RM2.59 | RM2.26 | x |
| 2018-12-31 | RM2.05 | RM2.26 | x |
| 2019-12-31 | RM2.07 | RM2.26 | x |
| 2020-12-31 | RM2.14 | RM2.26 | x |
| 2021-12-31 | RM2.35 | RM2.26 | x |
| 2022-12-31 | RM2.41 | RM2.26 | x |
| 2023-12-31 | RM2.44 | RM2.26 | x |
| 2024-12-31 | RM2.63 | RM2.26 | x |
| 2025-12-31 | RM2.66 | RM2.26 | 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): 5.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.78%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.24x
- Recent ROE (5.87%) is below the historical average (6.92%), suggesting potential challenges in 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 |
| 2025 | 5.87% | 17.78% | 0.27x | 1.24x | RM-87.92 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: $435,826,169
- Average return on equity (ROE) among peers: -3.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hap Seng Plantations Holdings Bhd (5138) | RM2.09 Billion | 5.96% | 0.23x | $453.75 Million |
| Green Ocean Corporation Bhd (0074) | $130.50 Million | -9.56% | 0.02x | $5.30 Million |
| MAG Holdings Berhad (0095) | $508.00 Million | 4.65% | 0.18x | $83.59 Million |
| Greenyield Bhd (0136) | $58.03 Million | 7.35% | 0.46x | $27.83 Million |
| Heng Huat Resources Group Bhd (0175) | $205.34 Million | 3.45% | 0.30x | $24.14 Million |
| Matang Bhd (0189) | $168.01 Million | 1.07% | 0.02x | $44.99 Million |
| Pinehill Pacific Bhd (1902) | $64.15 Million | -45.27% | 4.42x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $680.15 Million | 5.29% | 0.06x | $252.32 Million |
| Kretam Holdings Bhd (1996) | $919.65 Million | 2.19% | 0.35x | $383.19 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $537.26 Million | 0.23% | 0.35x | $93.77 Million |
| TDM Berhad (2054) | $1.09 Billion | -6.87% | 0.97x | $88.67 Million |
About Hap Seng Plantations Holdings Bhd
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; harvests and processes fresh fruit bunches (FFB) into crude palm oil (CPO). The company was founded in 1946 and is based in Kuala Lumpur, Malaysia. Hap Seng Plantations Holdings Berhad is a subsidiary of Hap Seng Consolida… Read more