LPI Capital Bhd
LPI Capital Bhd, an investment holding company, engages in the underwriting of general insurance products for personal and business needs in Malaysia, Singapore, and Cambodia. The company offers personal insurance solutions, such as motor, travel, personal accident, health, and home; and business insurance, including motor, property, miscellaneous, marine, trade credit, liability, engineering and… Read more
LPI Capital Bhd (8621) - Net Assets
Latest net assets as of June 2025: RM2.35 Billion MYR
Based on the latest financial reports, LPI Capital Bhd (8621) has net assets worth RM2.35 Billion MYR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM4.81 Billion) and total liabilities (RM2.47 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 | RM2.35 Billion |
| % of Total Assets | 48.73% |
| Annual Growth Rate | 4.85% |
| 5-Year Change | 16.71% |
| 10-Year Change | 39.37% |
| Growth Volatility | 27.33 |
LPI Capital Bhd - Net Assets Trend (2012–2024)
This chart illustrates how LPI Capital 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 LPI Capital Bhd (2012–2024)
The table below shows the annual net assets of LPI Capital Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM2.42 Billion | +6.08% |
| 2023-12-31 | RM2.28 Billion | +3.39% |
| 2022-12-31 | RM2.21 Billion | +3.16% |
| 2021-12-31 | RM2.14 Billion | +3.16% |
| 2020-12-31 | RM2.08 Billion | -47.49% |
| 2019-12-31 | RM3.95 Billion | +83.26% |
| 2018-12-31 | RM2.16 Billion | +12.28% |
| 2017-12-31 | RM1.92 Billion | +4.55% |
| 2016-12-31 | RM1.84 Billion | +5.71% |
| 2015-12-31 | RM1.74 Billion | +5.14% |
| 2014-12-31 | RM1.65 Billion | +2.93% |
| 2013-12-31 | RM1.61 Billion | +17.06% |
| 2012-12-31 | RM1.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to LPI Capital 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 102.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.15 Billion | 47.55% |
| Common Stock | RM398.38 Million | 16.45% |
| Other Comprehensive Income | RM872.22 Million | 36.01% |
| Total Equity | RM2.42 Billion | 100.00% |
LPI Capital Bhd Competitors by Market Cap
The table below lists competitors of LPI Capital Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CLARIVATE PLC
NYSE:CLVT
|
$1.21 Billion |
|
Seaboard Corporation
NYSE MKT:SEB
|
$1.21 Billion |
|
Ningbo Boway Alloy Material Co Ltd
SHG:601137
|
$1.21 Billion |
|
City Developments Ltd
PINK:CDEVY
|
$1.21 Billion |
|
Guangzhou Goaland Energy Conservation Tech Co Ltd
SHE:300499
|
$1.21 Billion |
|
Autek China Inc
SHE:300595
|
$1.21 Billion |
|
CESC Limited
NSE:CESC
|
$1.21 Billion |
|
Scatec ASA
PINK:STECF
|
$1.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LPI Capital Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,283,514,000 to 2,422,300,000, a change of 138,786,000 (6.1%).
- Net income of 377,091,000 contributed positively to equity growth.
- Dividend payments of 278,868,000 reduced retained earnings.
- Other comprehensive income increased equity by 40,563,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM377.09 Million | +15.57% |
| Dividends Paid | RM278.87 Million | -11.51% |
| Other Comprehensive Income | RM40.56 Million | +1.67% |
| Total Change | RM- | 6.08% |
Book Value vs Market Value Analysis
This analysis compares LPI Capital 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: 2.37x
- 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 3.13x to 2.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM4.61 | RM14.44 | x |
| 2017-12-31 | RM4.82 | RM14.44 | x |
| 2018-12-31 | RM5.41 | RM14.44 | x |
| 2019-12-31 | RM4.95 | RM14.44 | x |
| 2020-12-31 | RM5.21 | RM14.44 | x |
| 2021-12-31 | RM5.37 | RM14.44 | x |
| 2022-12-31 | RM5.54 | RM14.44 | x |
| 2023-12-31 | RM5.73 | RM14.44 | x |
| 2024-12-31 | RM6.08 | RM14.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LPI Capital 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): 15.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.84%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.98x
- Recent ROE (15.57%) is below the historical average (16.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 18.46% | 33.26% | 0.27x | 2.09x | RM147.14 Million |
| 2016 | 23.80% | 39.31% | 0.30x | 1.99x | RM253.49 Million |
| 2017 | 16.34% | 29.59% | 0.28x | 1.99x | RM121.70 Million |
| 2018 | 14.56% | 27.74% | 0.27x | 1.97x | RM98.37 Million |
| 2019 | 16.35% | 26.37% | 0.30x | 2.05x | RM125.17 Million |
| 2020 | 16.22% | 27.46% | 0.27x | 2.18x | RM129.18 Million |
| 2021 | 16.10% | 29.03% | 0.24x | 2.29x | RM130.58 Million |
| 2022 | 11.42% | 20.57% | 0.25x | 2.20x | RM31.36 Million |
| 2023 | 13.74% | 24.69% | 0.28x | 2.00x | RM85.37 Million |
| 2024 | 15.57% | 23.84% | 0.33x | 1.98x | RM134.86 Million |
Industry Comparison
This section compares LPI Capital Bhd's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $261,710,000
- Average return on equity (ROE) among peers: -7.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LPI Capital Bhd (8621) | RM2.35 Billion | 18.46% | 1.05x | $1.21 Billion |
| Pacific Orient Bhd (6009) | $261.71 Million | -7.25% | 3.00x | $10.96 Million |