Hartalega Holdings Bhd (5168) - Net Assets
Based on the latest financial reports, Hartalega Holdings Bhd (5168) has net assets worth RM4.39 Billion MYR (≈ $1.10 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM4.80 Billion ≈ $1.20 Billion USD) and total liabilities (RM409.55 Million ≈ $102.82 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 5168 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM4.39 Billion |
| % of Total Assets | 91.46% |
| Annual Growth Rate | 20.57% |
| 5-Year Change | -13.61% |
| 10-Year Change | 187.16% |
| Growth Volatility | 23.9 |
Hartalega Holdings Bhd - Net Assets Trend (2008–2025)
This chart illustrates how Hartalega Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 5168 asset base for the complete picture of this company's asset base.
Annual Net Assets for Hartalega Holdings Bhd (2008–2025)
The table below shows the annual net assets of Hartalega Holdings Bhd from 2008 to 2025. For live valuation and market cap data, see Hartalega Holdings Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM4.32 Billion ≈ $1.08 Billion |
-7.00% |
| 2024-03-31 | RM4.64 Billion ≈ $1.17 Billion |
-0.30% |
| 2023-03-31 | RM4.66 Billion ≈ $1.17 Billion |
-9.46% |
| 2022-03-31 | RM5.14 Billion ≈ $1.29 Billion |
+2.92% |
| 2021-03-31 | RM5.00 Billion ≈ $1.26 Billion |
+96.57% |
| 2020-03-31 | RM2.54 Billion ≈ $638.49 Million |
+12.57% |
| 2019-03-31 | RM2.26 Billion ≈ $567.22 Million |
+13.11% |
| 2018-03-31 | RM2.00 Billion ≈ $501.48 Million |
+18.55% |
| 2017-03-31 | RM1.68 Billion ≈ $422.99 Million |
+12.02% |
| 2016-03-31 | RM1.50 Billion ≈ $377.61 Million |
+18.37% |
| 2015-03-31 | RM1.27 Billion ≈ $319.02 Million |
+34.67% |
| 2014-03-31 | RM943.56 Million ≈ $236.90 Million |
+23.42% |
| 2013-03-31 | RM764.54 Million ≈ $191.95 Million |
+23.30% |
| 2012-03-31 | RM620.06 Million ≈ $155.68 Million |
+25.32% |
| 2011-03-31 | RM494.79 Million ≈ $124.23 Million |
+39.62% |
| 2010-03-31 | RM354.38 Million ≈ $88.97 Million |
+39.25% |
| 2009-03-31 | RM254.50 Million ≈ $63.90 Million |
+41.71% |
| 2008-03-31 | RM179.59 Million ≈ $45.09 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hartalega 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 273220300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM2.73 Billion | 63.21% |
| Common Stock | RM1.69 Billion | 39.15% |
| Other Comprehensive Income | RM4.51 Million | 0.10% |
| Total Equity | RM4.32 Billion | 100.00% |
Hartalega Holdings Bhd Competitors by Market Cap
The table below lists competitors of Hartalega Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing UniStrong Science & Technology Co Ltd
SHE:002383
|
$1.05 Billion |
|
Neuberger Berman Next Generation Connectivity Fund Inc
NYSE:NBXG
|
$1.06 Billion |
|
Changsha DIALINE New Material Sci & Tech Co Ltd
SHE:300700
|
$1.06 Billion |
|
First Mid Illinois Bancshares Inc
NASDAQ:FMBH
|
$1.06 Billion |
|
Lecron Energy Saving Materials
SHE:300343
|
$1.05 Billion |
|
TRANSFORMERS AND RECTIFIERS INDIA
NSE:TARIL
|
$1.05 Billion |
|
Electra Real Estate Ltd
TA:ELCRE
|
$1.05 Billion |
|
Goldman Sachs BDC Inc
NYSE:GSBD
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hartalega Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,647,743,000 to 4,322,279,000, a change of -325,464,000 (-7.0%).
- Net income of 74,542,000 contributed positively to equity growth.
- Dividend payments of 401,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,394,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM74.54 Million | +1.72% |
| Dividends Paid | RM401.40 Million | -9.29% |
| Other Comprehensive Income | RM1.39 Million | +0.03% |
| Total Change | RM- | -7.00% |
Book Value vs Market Value Analysis
This analysis compares Hartalega 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: 0.97x
- 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 19.93x to 0.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | RM0.06 | RM1.23 | x |
| 2009-03-31 | RM0.09 | RM1.23 | x |
| 2010-03-31 | RM0.12 | RM1.23 | x |
| 2011-03-31 | RM0.17 | RM1.23 | x |
| 2012-03-31 | RM0.18 | RM1.23 | x |
| 2013-03-31 | RM0.26 | RM1.23 | x |
| 2014-03-31 | RM0.31 | RM1.23 | x |
| 2015-03-31 | RM0.41 | RM1.23 | x |
| 2016-03-31 | RM0.45 | RM1.23 | x |
| 2017-03-31 | RM0.51 | RM1.23 | x |
| 2018-03-31 | RM0.59 | RM1.23 | x |
| 2019-03-31 | RM0.67 | RM1.23 | x |
| 2020-03-31 | RM0.75 | RM1.23 | x |
| 2021-03-31 | RM1.46 | RM1.23 | x |
| 2022-03-31 | RM1.50 | RM1.23 | x |
| 2023-03-31 | RM1.36 | RM1.23 | x |
| 2024-03-31 | RM1.36 | RM1.23 | x |
| 2025-03-31 | RM1.27 | RM1.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hartalega 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): 1.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.88%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.10x
- Recent ROE (1.72%) is below the historical average (24.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 20.62% | 15.36% | 0.89x | 1.50x | RM19.07 Million |
| 2009 | 33.22% | 19.07% | 1.18x | 1.47x | RM59.07 Million |
| 2010 | 40.36% | 24.99% | 1.19x | 1.35x | RM107.50 Million |
| 2011 | 38.49% | 25.89% | 1.16x | 1.28x | RM140.85 Million |
| 2012 | 32.51% | 21.63% | 1.23x | 1.22x | RM139.43 Million |
| 2013 | 30.55% | 22.61% | 1.10x | 1.23x | RM156.96 Million |
| 2014 | 24.71% | 21.03% | 1.00x | 1.18x | RM138.59 Million |
| 2015 | 16.53% | 18.30% | 0.79x | 1.15x | RM82.83 Million |
| 2016 | 17.14% | 17.18% | 0.76x | 1.31x | RM107.23 Million |
| 2017 | 16.82% | 15.53% | 0.80x | 1.36x | RM114.79 Million |
| 2018 | 22.01% | 18.25% | 0.91x | 1.32x | RM239.50 Million |
| 2019 | 20.17% | 16.10% | 0.94x | 1.33x | RM229.54 Million |
| 2020 | 17.07% | 14.83% | 0.88x | 1.30x | RM179.64 Million |
| 2021 | 58.00% | 43.04% | 0.98x | 1.38x | RM2.39 Billion |
| 2022 | 63.16% | 41.00% | 1.24x | 1.24x | RM2.72 Billion |
| 2023 | -5.07% | -9.76% | 0.45x | 1.14x | RM-699.14 Million |
| 2024 | 0.27% | 0.68% | 0.35x | 1.13x | RM-452.27 Million |
| 2025 | 1.72% | 2.88% | 0.55x | 1.10x | RM-357.69 Million |
Industry Comparison
This section compares Hartalega Holdings Bhd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $119,037,850
- Average return on equity (ROE) among peers: -2.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hartalega Holdings Bhd (5168) | RM4.39 Billion | 20.62% | 0.09x | $1.05 Billion |
| Karyon Industries Bhd (0054) | $34.25 Million | 10.36% | 0.37x | $16.72 Million |
| Sersol Bhd (0055) | $22.39 Million | -8.05% | 0.16x | $7.07 Million |
| ES Ceramics Technology Bhd (0100) | $50.13 Million | 12.62% | 0.09x | $23.08 Million |
| Asia Poly Holdings Bhd (0105) | $84.35 Million | -3.38% | 0.29x | $18.53 Million |
| Dpi Holdings Berhad (0205) | $84.96 Million | 3.44% | 0.09x | $19.25 Million |
| Comfort Gloves Bhd (2127) | $103.56 Million | -36.66% | 0.92x | $21.81 Million |
| Hexza Corporation Bhd (3298) | $281.05 Million | 3.62% | 0.07x | $48.01 Million |
| Ancom Berhad (4758) | $311.71 Million | -3.11% | 2.08x | $245.07 Million |
| Paos Holdings Bhd (5022) | $98.95 Million | 0.86% | 0.07x | $10.92 Million |
About Hartalega Holdings Bhd
Hartalega Holdings Berhad, an investment holding company, engages in the manufacture, retail, and wholesale of latex and nitrile gloves in Malaysia, North America, Europe, Asia, Australia, the Middle East, and internationally. It is involved in the leasing of properties; and research and development of automation systems. The company offers its products for healthcare, dental, food, industrial, v… Read more