JPG Net Assets
JPG net assets. Based on the latest financial reports, JPG (5323) has net assets worth RM3.05 Billion MYR (≈ $766.15 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM5.37 Billion ≈ $1.35 Billion USD) and total liabilities (RM2.32 Billion ≈ $581.77 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. See JPG balance sheet independence to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM3.05 Billion |
| % of Total Assets | 56.84% |
| Annual Growth Rate | 13.16% |
| 5-Year Change | 62.73% |
| 10-Year Change | N/A |
| Growth Volatility | 7.09 |
Net Assets of JPG (2020–2025)
Net assets of JPG from 2020 to 2025. This chart illustrates how JPG's net assets have evolved over time, based on quarterly financial data. Also explore how fast is JPG growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for JPG (2020–2025)
The table below shows the annual net assets of JPG from 2020 to 2025. For live market cap and overall valuation, see JPG market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM3.05 Billion ≈ $765.63 Million |
+7.90% |
| 2024-12-31 | RM2.83 Billion ≈ $709.54 Million |
+25.95% |
| 2023-12-31 | RM2.24 Billion ≈ $563.33 Million |
+13.53% |
| 2022-12-31 | RM1.98 Billion ≈ $496.18 Million |
+5.46% |
| 2021-12-31 | RM1.87 Billion ≈ $470.49 Million |
+14.01% |
| 2020-12-31 | RM1.64 Billion ≈ $412.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to JPG'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 82.1% over the analyzed period, indicating profitable operations and earnings retention.
JPG Net Assets Breakdown (December 2025)
JPG net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.73 Billion | 57.76% |
| Other Components | RM1.26 Billion | 42.24% |
| Total Equity | RM2.99 Billion | 100.00% |
JPG Competitors by Market Cap
The table below lists competitors of JPG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CONMED Corporation
NYSE:CNMD
|
$1.08 Billion |
|
Zhonghong Pulin Medical Products Co. Ltd.
SHE:300981
|
$1.08 Billion |
|
Five Star Bancorp
NASDAQ:FSBC
|
$1.08 Billion |
|
SIGNATUREGLOBAL (INDIA) LIMITED
NSE:SIGNATURE
|
$1.08 Billion |
|
Superior Plus Corp
TO:SPB
|
$1.08 Billion |
|
New Pacific Metals Corp
TO:NUAG
|
$1.08 Billion |
|
MAC Copper Ltd
AU:MAC
|
$1.08 Billion |
|
Virtus Investment Partners, Inc.
NASDAQ:VRTS
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JPG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,817,569,000 to 2,993,351,000, a change of 175,782,000 (6.2%).
- Net income of 345,020,000 contributed positively to equity growth.
- Dividend payments of 168,750,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM345.02 Million | +11.53% |
| Dividends Paid | RM168.75 Million | -5.64% |
| Other Changes | RM-488.00K | -0.02% |
| Total Change | RM- | 6.24% |
Book Value vs Market Value Analysis
This analysis compares JPG'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: 1.44x
- 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 2.63x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RM0.66 | RM1.73 | x |
| 2021-12-31 | RM0.75 | RM1.73 | x |
| 2022-12-31 | RM0.79 | RM1.73 | x |
| 2023-12-31 | RM0.90 | RM1.73 | x |
| 2024-12-31 | RM1.13 | RM1.73 | x |
| 2025-12-31 | RM1.20 | RM1.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JPG 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): 11.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.00%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.81x
- Recent ROE (11.53%) is below the historical average (12.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 3.19% | 5.14% | 0.23x | 2.73x | RM-111.84 Million |
| 2021 | 18.41% | 22.26% | 0.34x | 2.45x | RM157.47 Million |
| 2022 | 25.08% | 28.29% | 0.39x | 2.27x | RM298.01 Million |
| 2023 | 7.46% | 13.35% | 0.27x | 2.04x | RM-57.07 Million |
| 2024 | 9.13% | 16.87% | 0.31x | 1.76x | RM-24.43 Million |
| 2025 | 11.53% | 20.00% | 0.32x | 1.81x | RM45.68 Million |
Industry Comparison
This section compares JPG's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $462,350,592
- Average return on equity (ROE) among peers: -7.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JPG (5323) | RM3.05 Billion | 3.19% | 0.76x | $1.08 Billion |
| Green Ocean Corporation Bhd (0074) | $130.50 Million | -9.56% | 0.02x | $3.71 Million |
| MAG Holdings Berhad (0095) | $489.14 Million | 17.38% | 0.19x | $76.43 Million |
| Greenyield Bhd (0136) | $58.03 Million | 7.35% | 0.46x | $20.87 Million |
| Heng Huat Resources Group Bhd (0175) | $36.07 Million | -118.86% | 2.26x | $30.85 Million |
| Matang Bhd (0189) | $248.32 Million | 2.40% | 0.03x | $41.99 Million |
| Pinehill Pacific Bhd (1902) | $31.00 Million | -12.90% | 5.52x | $17.30 Million |
| Chin Teck Plantations Bhd (1929) | $858.81 Million | 6.21% | 0.06x | $245.44 Million |
| Kretam Holdings Bhd (1996) | $738.85 Million | 20.75% | 0.39x | $365.90 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $582.79 Million | 4.76% | 0.35x | $92.53 Million |
| TDM Berhad (2054) | $1.45 Billion | 4.90% | 0.78x | $84.35 Million |
About JPG
Johor Plantations Group Berhad engages in the production of palm oil and palm kernels in Malaysia. It operates through Upstream, Midstream, Downstream, and Trading and Services segments. The company also produces and supplies renewable energy, principally biomethane gas; trades in agricultural machinery and parts for plantation needs; and provides seeds and related services, and training and advi… Read more