LBS Bina Group Bhd
LBS Bina Group Berhad, an investment holding company, primarily engages in property development business in Malaysia and Saudi Arabia. The company operates through Property Development; Construction and Trading; Management and Investment; Hotel; and Others segments. It develops residential, industrial, and commercial properties. The company is also involved in designing and building, civil engine… Read more
LBS Bina Group Bhd (5789) - Net Assets
Latest net assets as of December 2025: RM1.93 Billion MYR
Based on the latest financial reports, LBS Bina Group Bhd (5789) has net assets worth RM1.93 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM4.44 Billion) and total liabilities (RM2.50 Billion). 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 | RM1.93 Billion |
| % of Total Assets | 43.56% |
| Annual Growth Rate | 8.3% |
| 5-Year Change | 30.15% |
| 10-Year Change | 65.87% |
| Growth Volatility | 15.18 |
LBS Bina Group Bhd - Net Assets Trend (2005–2025)
This chart illustrates how LBS Bina Group 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 LBS Bina Group Bhd (2005–2025)
The table below shows the annual net assets of LBS Bina Group Bhd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.93 Billion | -7.53% |
| 2024-12-31 | RM2.09 Billion | +13.21% |
| 2023-12-31 | RM1.85 Billion | +5.16% |
| 2022-12-31 | RM1.75 Billion | +18.22% |
| 2021-12-31 | RM1.48 Billion | +4.42% |
| 2020-12-31 | RM1.42 Billion | +5.41% |
| 2019-12-31 | RM1.35 Billion | -0.06% |
| 2018-12-31 | RM1.35 Billion | +5.22% |
| 2017-12-31 | RM1.28 Billion | +10.12% |
| 2016-12-31 | RM1.16 Billion | +15.05% |
| 2015-12-31 | RM1.01 Billion | +5.25% |
| 2014-12-31 | RM961.85 Million | +10.22% |
| 2013-12-31 | RM872.64 Million | +65.64% |
| 2012-12-31 | RM526.83 Million | +4.00% |
| 2011-12-31 | RM506.55 Million | -4.84% |
| 2010-12-31 | RM532.31 Million | +1.12% |
| 2009-12-31 | RM526.42 Million | -3.40% |
| 2008-12-31 | RM544.93 Million | +27.59% |
| 2007-12-31 | RM427.10 Million | +5.59% |
| 2006-12-31 | RM404.48 Million | +3.06% |
| 2005-12-31 | RM392.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LBS Bina Group 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 99621068600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM965.18 Million | 57.05% |
| Common Stock | RM830.38 Million | 49.08% |
| Other Comprehensive Income | RM157.70 Million | 9.32% |
| Total Equity | RM1.69 Billion | 100.00% |
LBS Bina Group Bhd Competitors by Market Cap
The table below lists competitors of LBS Bina Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tarczynski S.A.
WAR:TAR
|
$81.83 Million |
|
AMTD IDEA Group
NYSE:AMTD
|
$81.83 Million |
|
Menora Miv Hld
TA:MMHD
|
$81.86 Million |
|
EBEST Investment & Securities Co. Ltd
KQ:078020
|
$81.89 Million |
|
Gujarat Alkalies and Chemicals Limited
NSE:GUJALKALI
|
$81.78 Million |
|
Enviro Infra Engineers Ltd
NSE:EIEL
|
$81.78 Million |
|
Magnora ASA
OL:MGN
|
$81.76 Million |
|
EROAD Limited
PINK:ERDLF
|
$81.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LBS Bina Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,850,971,000 to 1,691,810,000, a change of -159,161,000 (-8.6%).
- Net income of 125,215,000 contributed positively to equity growth.
- Dividend payments of 37,927,000 reduced retained earnings.
- Share repurchases of 4,259,000 reduced equity.
- Other comprehensive income increased equity by 157,703,000.
- Other factors decreased equity by 399,893,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM125.22 Million | +7.4% |
| Dividends Paid | RM37.93 Million | -2.24% |
| Share Repurchases | RM4.26 Million | -0.25% |
| Other Comprehensive Income | RM157.70 Million | +9.32% |
| Other Changes | RM-399.89 Million | -23.64% |
| Total Change | RM- | -8.60% |
Book Value vs Market Value Analysis
This analysis compares LBS Bina Group 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: 0.41x
- 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 0.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | RM0.41 | RM0.45 | x |
| 2006-12-31 | RM0.43 | RM0.45 | x |
| 2007-12-31 | RM0.45 | RM0.45 | x |
| 2008-12-31 | RM0.50 | RM0.45 | x |
| 2009-12-31 | RM0.48 | RM0.45 | x |
| 2010-12-31 | RM0.49 | RM0.45 | x |
| 2011-12-31 | RM0.48 | RM0.45 | x |
| 2012-12-31 | RM0.51 | RM0.45 | x |
| 2013-12-31 | RM0.90 | RM0.45 | x |
| 2014-12-31 | RM0.82 | RM0.45 | x |
| 2015-12-31 | RM0.79 | RM0.45 | x |
| 2016-12-31 | RM0.80 | RM0.45 | x |
| 2017-12-31 | RM0.82 | RM0.45 | x |
| 2018-12-31 | RM0.84 | RM0.45 | x |
| 2019-12-31 | RM0.85 | RM0.45 | x |
| 2020-12-31 | RM0.91 | RM0.45 | x |
| 2021-12-31 | RM0.98 | RM0.45 | x |
| 2022-12-31 | RM0.88 | RM0.45 | x |
| 2023-12-31 | RM0.94 | RM0.45 | x |
| 2024-12-31 | RM1.20 | RM0.45 | x |
| 2025-12-31 | RM1.10 | RM0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LBS Bina Group 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): 7.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.06%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.62x
- Recent ROE (7.40%) is below the historical average (8.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 9.81% | 8.10% | 0.39x | 3.07x | RM-722.67K |
| 2006 | 1.21% | 1.41% | 0.30x | 2.89x | RM-33.57 Million |
| 2007 | 1.42% | 1.99% | 0.22x | 3.27x | RM-33.82 Million |
| 2008 | 4.90% | 8.23% | 0.20x | 2.97x | RM-22.38 Million |
| 2009 | -4.05% | -8.66% | 0.16x | 3.00x | RM-59.59 Million |
| 2010 | 3.88% | 4.84% | 0.27x | 3.02x | RM-26.03 Million |
| 2011 | 8.12% | 8.06% | 0.29x | 3.48x | RM-7.95 Million |
| 2012 | 8.35% | 7.29% | 0.36x | 3.22x | RM-7.35 Million |
| 2013 | 45.15% | 73.60% | 0.27x | 2.31x | RM305.70 Million |
| 2014 | 7.22% | 10.46% | 0.30x | 2.29x | RM-26.98 Million |
| 2015 | 7.37% | 11.18% | 0.28x | 2.35x | RM-27.09 Million |
| 2016 | 7.32% | 8.58% | 0.35x | 2.45x | RM-31.17 Million |
| 2017 | 8.01% | 7.62% | 0.34x | 3.09x | RM-25.56 Million |
| 2018 | 6.34% | 7.63% | 0.26x | 3.24x | RM-49.39 Million |
| 2019 | 5.01% | 5.09% | 0.31x | 3.18x | RM-67.35 Million |
| 2020 | 3.61% | 4.68% | 0.27x | 2.90x | RM-90.84 Million |
| 2021 | 6.25% | 7.00% | 0.31x | 2.87x | RM-57.47 Million |
| 2022 | 9.32% | 7.46% | 0.41x | 3.02x | RM-9.34 Million |
| 2023 | 9.69% | 7.81% | 0.42x | 2.93x | RM-4.59 Million |
| 2024 | 13.19% | 17.01% | 0.33x | 2.35x | RM58.96 Million |
| 2025 | 7.40% | 8.06% | 0.35x | 2.62x | RM-43.97 Million |
Industry Comparison
This section compares LBS Bina Group Bhd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $565,025,416
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LBS Bina Group Bhd (5789) | RM1.93 Billion | 9.81% | 1.30x | $81.79 Million |
| Vinvest Capital Holdings Bhd (0069) | $581.54 Million | 0.67% | 0.36x | $2.71 Million |
| Gagasan Nadi Cergas Berhad (0206) | $442.13 Million | -0.76% | 1.23x | $7.59 Million |
| Vestland Berhad (0273) | $46.45 Million | 22.90% | 2.63x | $15.49 Million |
| KTI (0308) | $127.30 Million | 12.27% | 0.83x | $5.35 Million |
| Global Oriental Bhd (1147) | $255.86 Million | 5.65% | 2.56x | $4.63 Million |
| GuocoLand (Malaysia) Bhd (1503) | $892.00 Million | 4.71% | 1.18x | $21.92 Million |
| Symphony Life Bhd (1538) | $916.62 Million | -0.87% | 0.32x | $11.92 Million |
| Iskandar Waterfront City Bhd (1589) | $812.33 Million | 5.62% | 1.19x | $27.36 Million |
| Paramount Corporation Bhd (1724) | $727.00 Million | 7.43% | 0.79x | $69.73 Million |
| Selangor Dredging Bhd (2224) | $849.02 Million | 2.88% | 0.71x | $9.77 Million |