LBS Bina Group Bhd (5789) - Net Assets

Latest as of December 2025: RM1.93 Billion MYR ≈ $485.04 Million USD

Based on the latest financial reports, LBS Bina Group Bhd (5789) has net assets worth RM1.93 Billion MYR (≈ $485.04 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM4.44 Billion ≈ $1.11 Billion USD) and total liabilities (RM2.50 Billion ≈ $628.53 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 LBS Bina Group Bhd (5789) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 5789 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 5789 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	RM1.93 Billion ≈ $485.04 Million	-7.53%
2024-12-31	RM2.09 Billion ≈ $524.53 Million	+13.21%
2023-12-31	RM1.85 Billion ≈ $463.33 Million	+5.16%
2022-12-31	RM1.75 Billion ≈ $440.58 Million	+18.22%
2021-12-31	RM1.48 Billion ≈ $372.69 Million	+4.42%
2020-12-31	RM1.42 Billion ≈ $356.92 Million	+5.41%
2019-12-31	RM1.35 Billion ≈ $338.60 Million	-0.06%
2018-12-31	RM1.35 Billion ≈ $338.80 Million	+5.22%
2017-12-31	RM1.28 Billion ≈ $322.00 Million	+10.12%
2016-12-31	RM1.16 Billion ≈ $292.41 Million	+15.05%
2015-12-31	RM1.01 Billion ≈ $254.17 Million	+5.25%
2014-12-31	RM961.85 Million ≈ $241.49 Million	+10.22%
2013-12-31	RM872.64 Million ≈ $219.09 Million	+65.64%
2012-12-31	RM526.83 Million ≈ $132.27 Million	+4.00%
2011-12-31	RM506.55 Million ≈ $127.18 Million	-4.84%
2010-12-31	RM532.31 Million ≈ $133.65 Million	+1.12%
2009-12-31	RM526.42 Million ≈ $132.17 Million	-3.40%
2008-12-31	RM544.93 Million ≈ $136.81 Million	+27.59%
2007-12-31	RM427.10 Million ≈ $107.23 Million	+5.59%
2006-12-31	RM404.48 Million ≈ $101.55 Million	+3.06%
2005-12-31	RM392.47 Million ≈ $98.54 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
Curiositystream Inc. NASDAQ:CURI	$180.73 Million
Richardson Electronics Ltd NASDAQ:RELL	$180.73 Million
Cerrado Gold Corp V:CERT	$180.88 Million
Centratama Telekomunikasi Ind JK:CENT	$180.90 Million
TOVIS Co.Ltd KQ:051360	$180.49 Million
Ugro Capital Limited NSE:UGROCAP	$180.48 Million
Landmark Cars Limited NSE:LANDMARK	$180.47 Million
Tianjin Capital Environmental Protection Group Company Limited F:TIA	$180.46 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: 0.43x
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 1.14x to 0.43x 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	RM0.47	x
2006-12-31	RM0.43	RM0.47	x
2007-12-31	RM0.45	RM0.47	x
2008-12-31	RM0.50	RM0.47	x
2009-12-31	RM0.48	RM0.47	x
2010-12-31	RM0.49	RM0.47	x
2011-12-31	RM0.48	RM0.47	x
2012-12-31	RM0.51	RM0.47	x
2013-12-31	RM0.90	RM0.47	x
2014-12-31	RM0.82	RM0.47	x
2015-12-31	RM0.79	RM0.47	x
2016-12-31	RM0.80	RM0.47	x
2017-12-31	RM0.82	RM0.47	x
2018-12-31	RM0.84	RM0.47	x
2019-12-31	RM0.85	RM0.47	x
2020-12-31	RM0.91	RM0.47	x
2021-12-31	RM0.98	RM0.47	x
2022-12-31	RM0.88	RM0.47	x
2023-12-31	RM0.94	RM0.47	x
2024-12-31	RM1.20	RM0.47	x
2025-12-31	RM1.10	RM0.47	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: $675,768,578
Average return on equity (ROE) among peers: 3.17%

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	$180.72 Million
Vinvest Capital Holdings Bhd (0069)	$321.83 Million	2.73%	0.28x	$4.87 Million
Gagasan Nadi Cergas Berhad (0206)	$445.50 Million	0.78%	1.19x	$66.17 Million
Vestland Berhad (0273)	$153.46 Million	18.09%	2.14x	$138.69 Million
Global Oriental Bhd (1147)	$255.86 Million	5.65%	2.56x	$10.84 Million
Pan Malaysia Holdings Bhd (1287)	$29.94 Million	-0.21%	0.72x	$186.57 Million
GuocoLand (Malaysia) Bhd (1503)	$1.32 Billion	2.00%	0.78x	$181.65 Million
Symphony Life Bhd (1538)	$950.00 Million	0.90%	0.20x	$33.15 Million
Iskandar Waterfront City Bhd (1589)	$777.03 Million	-3.59%	1.00x	$58.97 Million
Paramount Corporation Bhd (1724)	$1.66 Billion	4.53%	0.88x	$157.92 Million
Selangor Dredging Bhd (2224)	$843.13 Million	0.80%	0.60x	$44.93 Million

About LBS Bina Group Bhd

KLSE:5789 Malaysia Real Estate - Development

Market Cap

$180.72 Million

RM719.83 Million MYR

Market Cap Rank

#16923 Global

#233 in Malaysia

Share Price

RM0.47

Change (1 day)

-3.09%

52-Week Range

RM0.37 - RM0.51

All Time High

RM0.88