PLS Plantations Bhd
PLS Plantations Berhad, an investment holding company, engages in the management and operation of forest and oil palm plantation in Malaysia, the Republic of China, and Indonesia. It operates through the Plantation, Trading, and Agricultural Services segments. The company is involved in the management and operation of forest plantation, logging, saw milling, chipping, and other downstream manufac… Read more
PLS Plantations Bhd (9695) - Net Assets
Latest net assets as of September 2025: RM273.35 Million MYR
Based on the latest financial reports, PLS Plantations Bhd (9695) has net assets worth RM273.35 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 (RM477.64 Million) and total liabilities (RM204.30 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 | RM273.35 Million |
| % of Total Assets | 57.23% |
| Annual Growth Rate | 7.14% |
| 5-Year Change | 9.56% |
| 10-Year Change | -34.37% |
| Growth Volatility | 105.23 |
PLS Plantations Bhd - Net Assets Trend (2013–2025)
This chart illustrates how PLS Plantations 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 PLS Plantations Bhd (2013–2025)
The table below shows the annual net assets of PLS Plantations Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM270.07 Million | +0.52% |
| 2024-03-31 | RM268.67 Million | -4.63% |
| 2023-03-31 | RM281.73 Million | +2.89% |
| 2022-03-31 | RM273.82 Million | +11.08% |
| 2021-03-31 | RM246.51 Million | +31.37% |
| 2020-03-31 | RM187.64 Million | -3.26% |
| 2019-03-31 | RM193.98 Million | +1.67% |
| 2018-03-31 | RM190.79 Million | -52.57% |
| 2017-03-31 | RM402.22 Million | -2.26% |
| 2016-03-31 | RM411.52 Million | -30.01% |
| 2015-03-31 | RM588.00 Million | +5.95% |
| 2014-03-31 | RM555.00 Million | +370.34% |
| 2013-03-31 | RM118.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PLS Plantations 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 112.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM95.14 Million | 35.23% |
| Common Stock | RM173.06 Million | 64.08% |
| Other Components | RM1.87 Million | 0.69% |
| Total Equity | RM270.07 Million | 100.00% |
PLS Plantations Bhd Competitors by Market Cap
The table below lists competitors of PLS Plantations Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kontigo Care AB
ST:KONT
|
$2.57 Million |
|
Hudson Resources Inc
PINK:HUDRF
|
$2.57 Million |
|
AIR PROD.&CHEMICALS - Dusseldorf Stock Exchang
DU:AP3
|
$2.57 Million |
|
Meadow Valley Corp
PINK:MVCO
|
$2.57 Million |
|
Storm Exploration Inc.
V:STRM
|
$2.57 Million |
|
Bitros Holding S.A
AT:MPITR
|
$2.57 Million |
|
Seacera Group Bhd
KLSE:7073
|
$2.57 Million |
|
Morenzo Abadi Perkasa Tbk Pt
JK:ENZO
|
$2.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PLS Plantations Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 268,670,000 to 270,070,000, a change of 1,400,000 (0.5%).
- Net income of 1,403,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.40 Million | +0.52% |
| Other Changes | RM-3.00K | -0.0% |
| Total Change | RM- | 0.52% |
Book Value vs Market Value Analysis
This analysis compares PLS Plantations 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: 0.50x
- 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 increased from 0.24x to 0.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | RM1.26 | RM0.31 | x |
| 2017-03-31 | RM1.23 | RM0.31 | x |
| 2018-03-31 | RM0.58 | RM0.31 | x |
| 2019-03-31 | RM0.55 | RM0.31 | x |
| 2020-03-31 | RM0.54 | RM0.31 | x |
| 2021-03-31 | RM0.62 | RM0.31 | x |
| 2022-03-31 | RM0.69 | RM0.31 | x |
| 2023-03-31 | RM0.64 | RM0.31 | x |
| 2024-03-31 | RM0.61 | RM0.31 | x |
| 2025-03-31 | RM0.61 | RM0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PLS Plantations 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): 0.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.36%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.75x
- Recent ROE (0.52%) is above the historical average (-1.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -3.06% | -36.55% | 0.04x | 2.07x | RM-53.73 Million |
| 2017 | -2.06% | -11.61% | 0.09x | 2.04x | RM-48.51 Million |
| 2018 | 3.52% | 8.77% | 0.18x | 2.20x | RM-12.36 Million |
| 2019 | -7.64% | -23.44% | 0.15x | 2.18x | RM-34.21 Million |
| 2020 | -3.38% | -7.16% | 0.21x | 2.25x | RM-25.10 Million |
| 2021 | 5.06% | 9.25% | 0.27x | 2.03x | RM-12.17 Million |
| 2022 | 9.97% | 14.84% | 0.35x | 1.91x | RM-70.70K |
| 2023 | -11.60% | -27.63% | 0.23x | 1.85x | RM-60.85 Million |
| 2024 | -4.86% | -11.37% | 0.23x | 1.86x | RM-39.92 Million |
| 2025 | 0.52% | 1.36% | 0.22x | 1.75x | RM-25.60 Million |
Industry Comparison
This section compares PLS Plantations 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 |
|---|---|---|---|---|
| PLS Plantations Bhd (9695) | RM273.35 Million | -3.06% | 0.75x | $2.57 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 |