Hartalega Holdings Bhd (5168) - Net Assets
Based on the latest financial reports, Hartalega Holdings Bhd (5168) has net assets worth RM4.42 Billion MYR (≈ $1.11 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM4.90 Billion ≈ $1.23 Billion USD) and total liabilities (RM480.35 Million ≈ $120.60 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 how tangible is Hartalega Holdings Bhd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM4.42 Billion |
| % of Total Assets | 90.19% |
| Annual Growth Rate | 19.47% |
| 5-Year Change | -14.16% |
| 10-Year Change | 162.14% |
| Growth Volatility | 23.69 |
Hartalega Holdings Bhd - Net Assets Trend (2008–2026)
This chart illustrates how Hartalega Holdings Bhd's net assets have evolved over time, based on quarterly financial data. See Hartalega Holdings Bhd (5168) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hartalega Holdings Bhd (2008–2026)
The table below shows the annual net assets of Hartalega Holdings Bhd from 2008 to 2026. For live valuation and market cap data, see Hartalega Holdings Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | RM4.42 Billion ≈ $1.11 Billion |
+2.26% |
| 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 |
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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 283522000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM2.84 Billion | 64.19% |
| Common Stock | RM1.69 Billion | 38.31% |
| Total Equity | RM4.42 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 |
|---|---|
|
Matrix Design Co. Ltd. A
SHE:301365
|
$889.75 Million |
|
Thyrocare Technologies Limited
NSE:THYROCARE
|
$890.24 Million |
|
Guangdong Hongtu Technology Holdings Co Ltd
SHE:002101
|
$890.39 Million |
|
Sparebanken Sor
OL:SOR
|
$890.43 Million |
|
Shenyang Blue Silver Ind Auto
SHE:300293
|
$889.45 Million |
|
Navigator Global Investments Ltd
AU:NGI
|
$889.26 Million |
|
Neuca S.A.
WAR:NEU
|
$889.17 Million |
|
Miracll Chemicals Co Ltd
SHE:300848
|
$889.11 Million |
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 2025 to 2026, total equity changed from 4,322,279,000 to 4,417,201,000, a change of 94,922,000 (2.2%).
- Net income of 103,017,000 contributed positively to equity growth.
- Share repurchases of 5,208,000 reduced equity.
- Other comprehensive income decreased equity by 4,510,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM103.02 Million | +2.33% |
| Share Repurchases | RM5.21 Million | -0.12% |
| Other Comprehensive Income | RM-4.51 Million | -0.1% |
| Other Changes | RM1.62 Million | +0.04% |
| Total Change | RM- | 2.20% |
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: 0.80x
- 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 16.85x to 0.80x 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 | RM1.04 | x |
| 2009-03-31 | RM0.09 | RM1.04 | x |
| 2010-03-31 | RM0.12 | RM1.04 | x |
| 2011-03-31 | RM0.17 | RM1.04 | x |
| 2012-03-31 | RM0.18 | RM1.04 | x |
| 2013-03-31 | RM0.26 | RM1.04 | x |
| 2014-03-31 | RM0.31 | RM1.04 | x |
| 2015-03-31 | RM0.41 | RM1.04 | x |
| 2016-03-31 | RM0.45 | RM1.04 | x |
| 2017-03-31 | RM0.51 | RM1.04 | x |
| 2018-03-31 | RM0.59 | RM1.04 | x |
| 2019-03-31 | RM0.67 | RM1.04 | x |
| 2020-03-31 | RM0.75 | RM1.04 | x |
| 2021-03-31 | RM1.46 | RM1.04 | x |
| 2022-03-31 | RM1.50 | RM1.04 | x |
| 2023-03-31 | RM1.36 | RM1.04 | x |
| 2024-03-31 | RM1.36 | RM1.04 | x |
| 2025-03-31 | RM1.27 | RM1.04 | x |
| 2026-03-31 | RM1.30 | RM1.04 | 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): 2.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.82%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.11x
- Recent ROE (2.33%) is below the historical average (23.72%), 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 |
| 2026 | 2.33% | 4.82% | 0.44x | 1.11x | RM-338.70 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: $153,040,025
- Average return on equity (ROE) among peers: -0.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hartalega Holdings Bhd (5168) | RM4.42 Billion | 20.62% | 0.11x | $889.72 Million |
| Karyon Industries Bhd (0054) | $127.31 Million | 6.99% | 0.22x | $16.72 Million |
| Sersol Bhd (0055) | $22.15 Million | -57.28% | 0.21x | $6.06 Million |
| ES Ceramics Technology Bhd (0100) | $50.13 Million | 12.62% | 0.09x | $22.19 Million |
| Asia Poly Holdings Bhd (0105) | $164.45 Million | -4.86% | 0.42x | $15.88 Million |
| Dpi Holdings Berhad (0205) | $82.70 Million | 6.24% | 0.11x | $18.33 Million |
| Comfort Gloves Bhd (2127) | $245.41 Million | 14.63% | 0.25x | $18.90 Million |
| Hexza Corporation Bhd (3298) | $221.00 Million | 3.62% | 0.09x | $46.97 Million |
| Ancom Berhad (4758) | $362.20 Million | 6.56% | 1.95x | $230.72 Million |
| Paos Holdings Bhd (5022) | $102.00 Million | 4.90% | 0.08x | $10.69 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