LB Aluminium Bhd
LB Aluminium Berhad manufactures and trades in aluminum extrusion and other products worldwide. It provides aluminum extrusions that are used in windows and door frames, curtain wall, louvres, shopfronts, grilles, skylites, roller shutters, handrails, and other architectural systems; heat sinks, heat exchangers and busbars, television aerial, telecommunication parts, lighting parts, electrical tu… Read more
LB Aluminium Bhd (9326) - Net Assets
Latest net assets as of October 2025: RM457.52 Million MYR
Based on the latest financial reports, LB Aluminium Bhd (9326) has net assets worth RM457.52 Million MYR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.15 Billion) and total liabilities (RM694.27 Million). 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 | RM457.52 Million |
| % of Total Assets | 39.72% |
| Annual Growth Rate | 5.1% |
| 5-Year Change | 31.13% |
| 10-Year Change | 55.1% |
| Growth Volatility | 3.77 |
LB Aluminium Bhd - Net Assets Trend (2012–2025)
This chart illustrates how LB Aluminium 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 LB Aluminium Bhd (2012–2025)
The table below shows the annual net assets of LB Aluminium Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | RM435.13 Million | +4.76% |
| 2024-04-30 | RM415.38 Million | +6.12% |
| 2023-04-30 | RM391.42 Million | +7.87% |
| 2022-04-30 | RM362.85 Million | +9.35% |
| 2021-04-30 | RM331.84 Million | +13.08% |
| 2020-04-30 | RM293.45 Million | +0.02% |
| 2019-04-30 | RM293.40 Million | -0.18% |
| 2018-04-30 | RM293.92 Million | -0.22% |
| 2017-04-30 | RM294.56 Million | +4.99% |
| 2016-04-30 | RM280.56 Million | +5.08% |
| 2015-04-30 | RM267.00 Million | +3.09% |
| 2014-04-30 | RM259.00 Million | +7.92% |
| 2013-04-30 | RM240.00 Million | +5.26% |
| 2012-04-30 | RM228.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LB Aluminium 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 97.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM309.36 Million | 71.10% |
| Common Stock | RM125.77 Million | 28.90% |
| Total Equity | RM435.13 Million | 100.00% |
LB Aluminium Bhd Competitors by Market Cap
The table below lists competitors of LB Aluminium Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jericho Oil Corp
PINK:JROOF
|
$21.28 Million |
|
Dimension Computer Technology Co Ltd
TWO:6140
|
$21.29 Million |
|
Arizona Lithium Limited
PINK:AZLAF
|
$21.29 Million |
|
Bioxyne Ltd
AU:BXN
|
$21.29 Million |
|
KIOCL Limited
NSE:KIOCL
|
$21.26 Million |
|
GeneBioTech Co. Ltd
KQ:086060
|
$21.26 Million |
|
Air T Inc
NASDAQ:AIRT
|
$21.25 Million |
|
Ann Joo Resources Bhd
KLSE:6556
|
$21.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LB Aluminium Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 410,584,000 to 435,134,000, a change of 24,550,000 (6.0%).
- Net income of 36,315,000 contributed positively to equity growth.
- Dividend payments of 10,871,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM36.31 Million | +8.35% |
| Dividends Paid | RM10.87 Million | -2.5% |
| Other Changes | RM-894.00K | -0.21% |
| Total Change | RM- | 5.98% |
Book Value vs Market Value Analysis
This analysis compares LB Aluminium 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: 0.51x
- 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 0.75x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-04-30 | RM0.68 | RM0.51 | x |
| 2018-04-30 | RM0.68 | RM0.51 | x |
| 2019-04-30 | RM0.67 | RM0.51 | x |
| 2020-04-30 | RM0.67 | RM0.51 | x |
| 2021-04-30 | RM0.76 | RM0.51 | x |
| 2022-04-30 | RM0.83 | RM0.51 | x |
| 2023-04-30 | RM0.90 | RM0.51 | x |
| 2024-04-30 | RM0.94 | RM0.51 | x |
| 2025-04-30 | RM1.00 | RM0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LB Aluminium 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): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.41%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.49x
- Recent ROE (8.35%) is above the historical average (6.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.60% | 3.53% | 0.99x | 1.60x | RM-12.33 Million |
| 2017 | 6.09% | 3.85% | 0.95x | 1.66x | RM-11.50 Million |
| 2018 | 2.07% | 1.20% | 1.01x | 1.71x | RM-23.30 Million |
| 2019 | 4.15% | 2.28% | 1.05x | 1.74x | RM-17.17 Million |
| 2020 | 1.31% | 0.84% | 0.78x | 1.99x | RM-25.50 Million |
| 2021 | 12.42% | 7.82% | 0.79x | 2.01x | RM8.03 Million |
| 2022 | 11.50% | 6.08% | 0.81x | 2.33x | RM5.44 Million |
| 2023 | 9.90% | 4.98% | 1.00x | 1.98x | RM-392.90K |
| 2024 | 7.13% | 3.06% | 1.05x | 2.21x | RM-11.80 Million |
| 2025 | 8.35% | 3.41% | 0.98x | 2.49x | RM-7.20 Million |
Industry Comparison
This section compares LB Aluminium Bhd's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $166,910,229
- Average return on equity (ROE) among peers: 7.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LB Aluminium Bhd (9326) | RM457.52 Million | 5.60% | 1.52x | $21.28 Million |
| WINSTAR CAPITAL BERHAD (0336) | $49.90 Million | 5.26% | 1.39x | $144.01K |
| Alcom Group Bhd (2674) | $243.27 Million | 6.88% | 0.93x | $5.47 Million |
| A Rank Bhd (7214) | $133.92 Million | 8.32% | 0.47x | $3.27 Million |
| Press Metal Bhd (8869) | $240.55 Million | 8.22% | 2.09x | $6.42 Billion |