KPJ Healthcare Bhd (5878) - Net Assets
Based on the latest financial reports, KPJ Healthcare Bhd (5878) has net assets worth RM2.86 Billion MYR (≈ $719.16 Million USD) 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 ≈ $1.95 Billion USD) and total liabilities (RM4.90 Billion ≈ $1.23 Billion 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 5878 financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of KPJ Healthcare Bhd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 5878 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.74 Billion ≈ $687.32 Million |
+8.28% |
| 2023-12-31 | RM2.53 Billion ≈ $634.74 Million |
+7.39% |
| 2022-12-31 | RM2.35 Billion ≈ $591.07 Million |
+4.61% |
| 2021-12-31 | RM2.25 Billion ≈ $565.03 Million |
+2.19% |
| 2020-12-31 | RM2.20 Billion ≈ $552.90 Million |
+7.46% |
| 2019-12-31 | RM2.05 Billion ≈ $514.50 Million |
-4.09% |
| 2018-12-31 | RM2.14 Billion ≈ $536.46 Million |
+17.71% |
| 2017-12-31 | RM1.82 Billion ≈ $455.74 Million |
+7.74% |
| 2016-12-31 | RM1.68 Billion ≈ $422.98 Million |
+7.99% |
| 2015-12-31 | RM1.56 Billion ≈ $391.67 Million |
+15.63% |
| 2014-12-31 | RM1.35 Billion ≈ $338.72 Million |
+15.06% |
| 2013-12-31 | RM1.17 Billion ≈ $294.38 Million |
+6.26% |
| 2012-12-31 | RM1.10 Billion ≈ $277.04 Million |
+10.69% |
| 2011-12-31 | RM996.85 Million ≈ $250.28 Million |
+15.46% |
| 2010-12-31 | RM863.39 Million ≈ $216.77 Million |
+27.45% |
| 2009-12-31 | RM677.44 Million ≈ $170.08 Million |
+7.77% |
| 2008-12-31 | RM628.57 Million ≈ $157.81 Million |
+13.34% |
| 2007-12-31 | RM554.57 Million ≈ $139.23 Million |
+13.81% |
| 2006-12-31 | RM487.28 Million ≈ $122.34 Million |
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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 |
|---|---|
|
Beijing Teamsun Technology Co Ltd
SHG:600410
|
$3.70 Billion |
|
VALLOUREC ADR 1/5/EO 2
F:VACE
|
$3.71 Billion |
|
Jason Furniture(Hangzhou)
SHG:603816
|
$3.71 Billion |
|
Copa Holdings SA
NYSE:CPA
|
$3.71 Billion |
|
Dalmia Bharat Limited
NSE:DALBHARAT
|
$3.70 Billion |
|
Guangdong Kingshine Electronic Tech
SHE:300903
|
$3.70 Billion |
|
Chunghwa Precision Test Tech Co Ltd
TWO:6510
|
$3.70 Billion |
|
MANDARIN ORIENTAL DL-05
F:1C4
|
$3.70 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: 5.78x
- 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 24.28x to 5.78x 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 | RM3.36 | x |
| 2007-12-31 | RM0.16 | RM3.36 | x |
| 2008-12-31 | RM0.18 | RM3.36 | x |
| 2009-12-31 | RM0.20 | RM3.36 | x |
| 2010-12-31 | RM0.21 | RM3.36 | x |
| 2011-12-31 | RM0.23 | RM3.36 | x |
| 2012-12-31 | RM0.25 | RM3.36 | x |
| 2013-12-31 | RM0.27 | RM3.36 | x |
| 2014-12-31 | RM0.31 | RM3.36 | x |
| 2015-12-31 | RM0.30 | RM3.36 | x |
| 2016-12-31 | RM0.32 | RM3.36 | x |
| 2017-12-31 | RM0.35 | RM3.36 | x |
| 2018-12-31 | RM0.41 | RM3.36 | x |
| 2019-12-31 | RM0.42 | RM3.36 | x |
| 2020-12-31 | RM0.46 | RM3.36 | x |
| 2021-12-31 | RM0.48 | RM3.36 | x |
| 2022-12-31 | RM0.50 | RM3.36 | x |
| 2023-12-31 | RM0.55 | RM3.36 | x |
| 2024-12-31 | RM0.58 | RM3.36 | 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: $4,735,682,060
- Average return on equity (ROE) among peers: 20.70%
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 | $3.70 Billion |
| TMC Life Sciences Bhd (0101) | $114.02 Million | 3.14% | 0.49x | $218.66 Million |
| Optimax Holdings Sdn Bhd (0222) | $20.79 Million | 21.38% | 1.70x | $77.75 Million |
| Cengild Medical Berhad (0243) | $111.30 Million | 9.95% | 0.19x | $42.87 Million |
| DC HEALTHCARE HOLDINGS BERHAD (0283) | $15.05 Million | 63.52% | 2.21x | $28.77 Million |
| ALPHA (0303) | $58.97 Million | 24.26% | 0.82x | $329.30 Million |
| IHH Healthcare Bhd (5225) | $28.09 Billion | 1.96% | 0.60x | $19.72 Billion |
About 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