KPJ Healthcare Bhd
KPJ Healthcare Berhad, an investment holding company, engages in the operation of specialist hospitals in Malaysia, Thailand, and Bangladesh. It provides pathology and laboratory services; management and engineering maintenance services for specialist hospitals; and medical and consultancy services for eye care, as well as maintenance services for medical equipment. The company also operates a pr… Read more
KPJ Healthcare Bhd (5878) - Net Assets
Latest net assets as of September 2025: RM2.86 Billion MYR
Based on the latest financial reports, KPJ Healthcare Bhd (5878) has net assets worth RM2.86 Billion MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM7.76 Billion) and total liabilities (RM4.90 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 | RM2.86 Billion |
| % of Total Assets | 36.91% |
| Annual Growth Rate | 10.06% |
| 5-Year Change | 24.31% |
| 10-Year Change | 75.48% |
| Growth Volatility | 6.7 |
KPJ Healthcare Bhd - Net Assets Trend (2006–2024)
This chart illustrates how KPJ Healthcare 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 KPJ Healthcare Bhd (2006–2024)
The table below shows the annual net assets of KPJ Healthcare Bhd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.74 Billion | +8.28% |
| 2023-12-31 | RM2.53 Billion | +7.39% |
| 2022-12-31 | RM2.35 Billion | +4.61% |
| 2021-12-31 | RM2.25 Billion | +2.19% |
| 2020-12-31 | RM2.20 Billion | +7.46% |
| 2019-12-31 | RM2.05 Billion | -4.09% |
| 2018-12-31 | RM2.14 Billion | +17.71% |
| 2017-12-31 | RM1.82 Billion | +7.74% |
| 2016-12-31 | RM1.68 Billion | +7.99% |
| 2015-12-31 | RM1.56 Billion | +15.63% |
| 2014-12-31 | RM1.35 Billion | +15.06% |
| 2013-12-31 | RM1.17 Billion | +6.26% |
| 2012-12-31 | RM1.10 Billion | +10.69% |
| 2011-12-31 | RM996.85 Million | +15.46% |
| 2010-12-31 | RM863.39 Million | +27.45% |
| 2009-12-31 | RM677.44 Million | +7.77% |
| 2008-12-31 | RM628.57 Million | +13.34% |
| 2007-12-31 | RM554.57 Million | +13.81% |
| 2006-12-31 | RM487.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KPJ Healthcare 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 145996000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.46 Billion | 57.55% |
| Common Stock | RM999.19 Million | 39.39% |
| Other Comprehensive Income | RM232.82 Million | 9.18% |
| Total Equity | RM2.54 Billion | 100.00% |
KPJ Healthcare Bhd Competitors by Market Cap
The table below lists competitors of KPJ Healthcare Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AmTrust Financial Services Prf 7 25 Exp15Jun2055
PINK:AFFS
|
$2.00 Billion |
|
Budimex S.A.
WAR:BDX
|
$2.00 Billion |
|
VERRA MOBILITY A DL-0001
F:0YK
|
$2.00 Billion |
|
CECEP Wind-Power Corp Co Ltd
SHG:601016
|
$2.00 Billion |
|
Doosan Bobcat Inc
KO:241560
|
$1.99 Billion |
|
Capricorn Metals Ltd
PINK:CRNLF
|
$1.99 Billion |
|
Alamo Group Inc
NYSE:ALG
|
$1.99 Billion |
|
Liechtensteinische Landesbank Aktiengesellschaft
PINK:LLAZF
|
$1.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KPJ Healthcare Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,383,164,000 to 2,536,661,000, a change of 153,497,000 (6.4%).
- Net income of 353,817,000 contributed positively to equity growth.
- Dividend payments of 181,119,000 reduced retained earnings.
- Other comprehensive income increased equity by 343,020,000.
- Other factors decreased equity by 362,221,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM353.82 Million | +13.95% |
| Dividends Paid | RM181.12 Million | -7.14% |
| Other Comprehensive Income | RM343.02 Million | +13.52% |
| Other Changes | RM-362.22 Million | -14.28% |
| Total Change | RM- | 6.44% |
Book Value vs Market Value Analysis
This analysis compares KPJ Healthcare 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: 5.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.14x to 5.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.14 | RM3.34 | x |
| 2007-12-31 | RM0.16 | RM3.34 | x |
| 2008-12-31 | RM0.18 | RM3.34 | x |
| 2009-12-31 | RM0.20 | RM3.34 | x |
| 2010-12-31 | RM0.21 | RM3.34 | x |
| 2011-12-31 | RM0.23 | RM3.34 | x |
| 2012-12-31 | RM0.25 | RM3.34 | x |
| 2013-12-31 | RM0.27 | RM3.34 | x |
| 2014-12-31 | RM0.31 | RM3.34 | x |
| 2015-12-31 | RM0.30 | RM3.34 | x |
| 2016-12-31 | RM0.32 | RM3.34 | x |
| 2017-12-31 | RM0.35 | RM3.34 | x |
| 2018-12-31 | RM0.41 | RM3.34 | x |
| 2019-12-31 | RM0.42 | RM3.34 | x |
| 2020-12-31 | RM0.46 | RM3.34 | x |
| 2021-12-31 | RM0.48 | RM3.34 | x |
| 2022-12-31 | RM0.50 | RM3.34 | x |
| 2023-12-31 | RM0.55 | RM3.34 | x |
| 2024-12-31 | RM0.58 | RM3.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KPJ Healthcare 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): 13.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.02%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.92x
- Recent ROE (13.95%) is above the historical average (11.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.26% | 4.93% | 0.75x | 2.49x | RM-3.30 Million |
| 2007 | 14.59% | 6.70% | 0.92x | 2.37x | RM23.35 Million |
| 2008 | 14.74% | 6.76% | 0.99x | 2.20x | RM27.54 Million |
| 2009 | 17.54% | 7.61% | 1.06x | 2.17x | RM47.68 Million |
| 2010 | 15.47% | 7.19% | 0.98x | 2.19x | RM42.03 Million |
| 2011 | 16.09% | 7.53% | 0.97x | 2.19x | RM54.37 Million |
| 2012 | 13.52% | 6.68% | 0.93x | 2.17x | RM36.45 Million |
| 2013 | 9.48% | 4.42% | 0.82x | 2.61x | RM-5.64 Million |
| 2014 | 11.36% | 5.42% | 0.79x | 2.65x | RM17.09 Million |
| 2015 | 9.20% | 4.78% | 0.72x | 2.66x | RM-11.83 Million |
| 2016 | 9.35% | 5.00% | 0.76x | 2.47x | RM-10.31 Million |
| 2017 | 9.38% | 5.15% | 0.74x | 2.45x | RM-10.77 Million |
| 2018 | 9.05% | 5.49% | 0.68x | 2.42x | RM-18.95 Million |
| 2019 | 11.17% | 5.93% | 0.60x | 3.16x | RM22.09 Million |
| 2020 | 5.39% | 4.68% | 0.38x | 3.00x | RM-94.57 Million |
| 2021 | 2.39% | 1.94% | 0.42x | 2.90x | RM-162.51 Million |
| 2022 | 7.50% | 5.72% | 0.42x | 3.14x | RM-55.74 Million |
| 2023 | 11.05% | 7.70% | 0.47x | 3.04x | RM25.09 Million |
| 2024 | 13.95% | 9.02% | 0.53x | 2.92x | RM100.15 Million |
Industry Comparison
This section compares KPJ Healthcare Bhd's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $3,269,376,222
- Average return on equity (ROE) among peers: 32.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KPJ Healthcare Bhd (5878) | RM2.86 Billion | 9.26% | 1.71x | $1.99 Billion |
| TMC Life Sciences Bhd (0101) | $48.97 Million | 18.72% | 0.24x | $32.96 Million |
| Optimax Holdings Sdn Bhd (0222) | $20.79 Million | 21.38% | 1.70x | $17.14 Million |
| Cengild Medical Berhad (0243) | $9.79 Million | 40.37% | 3.81x | $11.79 Million |
| DC HEALTHCARE HOLDINGS BERHAD (0283) | $4.75 Million | 39.98% | 2.55x | $5.67 Million |
| ALPHA (0303) | $54.55 Million | 97.60% | 0.76x | $70.68 Million |
| Metro Healthcare Berhad (0329) | $34.34 Million | 27.49% | 0.46x | $4.10 Million |
| PMCK Berhad (0363) | $81.09 Million | 13.23% | 0.33x | $421.93 |
| IHH Healthcare Bhd (5225) | $25.90 Billion | 3.74% | 0.50x | $6.11 Billion |