Lay Hong Bhd
Lay Hong Berhad, an investment holding company, engages in the integrated livestock farming in Malaysia. The company operates through Integrated Livestock Farming, Food Manufacturing, and Retail Business segments. It also offers table eggs, liquid eggs, chicken and parts, chilled and frozen dressed chicken, processed related chicken products, as well as chicken frankfurters and nuggets, fried chi… Read more
Lay Hong Bhd (9385) - Net Assets
Latest net assets as of September 2025: RM680.87 Million MYR
Based on the latest financial reports, Lay Hong Bhd (9385) has net assets worth RM680.87 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.13 Billion) and total liabilities (RM449.20 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 | RM680.87 Million |
| % of Total Assets | 60.25% |
| Annual Growth Rate | 13.97% |
| 5-Year Change | 58.81% |
| 10-Year Change | 166.02% |
| Growth Volatility | 12.93 |
Lay Hong Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Lay Hong 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 Lay Hong Bhd (2013–2025)
The table below shows the annual net assets of Lay Hong Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM643.72 Million | +12.74% |
| 2024-03-31 | RM570.99 Million | +23.35% |
| 2023-03-31 | RM462.92 Million | +5.77% |
| 2022-03-31 | RM437.67 Million | +7.98% |
| 2021-03-31 | RM405.34 Million | +21.28% |
| 2020-03-31 | RM334.21 Million | -0.38% |
| 2019-03-31 | RM335.48 Million | +4.96% |
| 2018-03-31 | RM319.63 Million | +11.17% |
| 2017-03-31 | RM287.52 Million | +18.82% |
| 2016-03-31 | RM241.98 Million | +51.24% |
| 2015-03-31 | RM160.00 Million | +11.89% |
| 2014-03-31 | RM143.00 Million | +6.72% |
| 2013-03-31 | RM134.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lay Hong 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 436.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM463.38 Million | 71.99% |
| Common Stock | RM180.34 Million | 28.01% |
| Total Equity | RM643.72 Million | 100.00% |
Lay Hong Bhd Competitors by Market Cap
The table below lists competitors of Lay Hong Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bexil Cp
PINK:BXLC
|
$21.12 Million |
|
Cosmos Yatirim Holding AS
IS:COSMO
|
$21.13 Million |
|
Telescope Innovations Corp.
PINK:TELIF
|
$21.14 Million |
|
ONCOARENDI THERAP ZY-01
F:1B1
|
$21.15 Million |
|
Autozi Internet Technology (Global) Ltd. Class A Ordinary Shares
NASDAQ:AZI
|
$21.12 Million |
|
Zhen Yu Hardware Co., Ltd.
TWO:2947
|
$21.12 Million |
|
BVS AS
IS:BVSAN
|
$21.12 Million |
|
Sand Nisko Capital Bhd
KLSE:7943
|
$21.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lay Hong Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 559,405,527 to 643,718,650, a change of 84,313,123 (15.1%).
- Net income of 86,829,880 contributed positively to equity growth.
- Dividend payments of 6,042,260 reduced retained earnings.
- Share repurchases of 3,562,940 reduced equity.
- New share issuances of 3,563,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM86.83 Million | +13.49% |
| Dividends Paid | RM6.04 Million | -0.94% |
| Share Repurchases | RM3.56 Million | -0.55% |
| Share Issuances | RM3.56 Million | +0.55% |
| Other Changes | RM3.53 Million | +0.55% |
| Total Change | RM- | 15.07% |
Book Value vs Market Value Analysis
This analysis compares Lay Hong 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: 0.33x
- 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 0.59x to 0.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM0.47 | RM0.28 | x |
| 2018-03-31 | RM0.51 | RM0.28 | x |
| 2019-03-31 | RM0.51 | RM0.28 | x |
| 2020-03-31 | RM0.51 | RM0.28 | x |
| 2021-03-31 | RM0.61 | RM0.28 | x |
| 2022-03-31 | RM0.59 | RM0.28 | x |
| 2023-03-31 | RM0.63 | RM0.28 | x |
| 2024-03-31 | RM0.75 | RM0.28 | x |
| 2025-03-31 | RM0.85 | RM0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lay Hong 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): 13.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.09%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.71x
- Recent ROE (13.49%) is above the historical average (5.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 1.13% | 0.42% | 1.17x | 2.28x | RM-21.47 Million |
| 2017 | 6.35% | 2.70% | 1.08x | 2.18x | RM-10.50 Million |
| 2018 | 8.57% | 3.23% | 1.06x | 2.49x | RM-4.56 Million |
| 2019 | 2.17% | 0.91% | 0.97x | 2.45x | RM-26.28 Million |
| 2020 | 1.02% | 0.40% | 0.98x | 2.57x | RM-30.02 Million |
| 2021 | 0.79% | 0.34% | 0.98x | 2.33x | RM-37.35 Million |
| 2022 | -0.92% | -0.42% | 1.01x | 2.17x | RM-47.80 Million |
| 2023 | 6.07% | 2.63% | 1.12x | 2.06x | RM-18.18 Million |
| 2024 | 16.13% | 8.65% | 0.99x | 1.88x | RM34.31 Million |
| 2025 | 13.49% | 8.09% | 0.98x | 1.71x | RM22.46 Million |
Industry Comparison
This section compares Lay Hong Bhd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $444,702,596
- Average return on equity (ROE) among peers: 1.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lay Hong Bhd (9385) | RM680.87 Million | 1.13% | 0.66x | $21.12 Million |
| Green Ocean Corporation Bhd (0074) | $21.99 Million | 8.76% | 1.57x | $2.27 Million |
| MAG Holdings Berhad (0095) | $473.76 Million | -1.41% | 0.15x | $29.82 Million |
| Greenyield Bhd (0136) | $54.42 Million | -0.73% | 0.43x | $3.29 Million |
| Heng Huat Resources Group Bhd (0175) | $231.51 Million | 3.70% | 0.31x | $7.31 Million |
| Matang Bhd (0189) | $248.32 Million | 2.40% | 0.03x | $17.51 Million |
| Pinehill Pacific Bhd (1902) | $184.30 Million | -6.00% | -0.03x | $6.70 Million |
| Chin Teck Plantations Bhd (1929) | $651.35 Million | 10.97% | 0.05x | $63.45 Million |
| Kretam Holdings Bhd (1996) | $607.72 Million | -6.37% | 0.35x | $46.24 Million |
| Negri Sembilan Oil Palms Bhd (2038) | $545.52 Million | -0.47% | 0.35x | $25.62 Million |
| TDM Berhad (2054) | $1.43 Billion | 1.62% | 0.87x | $25.63 Million |