United Plantations Berhad
United Plantations Berhad engages in the cultivation and processing of oil palm and coconuts in Malaysia, Indonesia, Europe, the United States, and internationally. It operates through Plantations, Palm Oil Refining, and Other segments. The company offers edible oils, fats, and cocoa butter substitutes; and trades in crude palm oil and palm kernel products. It also provides trading and marketing … Read more
United Plantations Berhad (UPBMF) - Net Assets
Latest net assets as of December 2025: $2.87 Billion USD
Based on the latest financial reports, United Plantations Berhad (UPBMF) has net assets worth $2.87 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.31 Billion) and total liabilities ($436.89 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 | $2.87 Billion |
| % of Total Assets | 86.81% |
| Annual Growth Rate | 2.73% |
| 5-Year Change | 7.05% |
| 10-Year Change | 21.55% |
| Growth Volatility | 3.86 |
United Plantations Berhad - Net Assets Trend (2013–2025)
This chart illustrates how United Plantations Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Plantations Berhad (2013–2025)
The table below shows the annual net assets of United Plantations Berhad from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.87 Billion | +2.28% |
| 2024-12-31 | $2.81 Billion | -1.55% |
| 2023-12-31 | $2.86 Billion | -0.94% |
| 2022-12-31 | $2.88 Billion | +7.32% |
| 2021-12-31 | $2.69 Billion | +1.88% |
| 2020-12-31 | $2.64 Billion | +2.48% |
| 2019-12-31 | $2.57 Billion | -1.34% |
| 2018-12-31 | $2.61 Billion | +1.07% |
| 2017-12-31 | $2.58 Billion | +9.07% |
| 2016-12-31 | $2.37 Billion | +5.72% |
| 2015-12-31 | $2.24 Billion | +8.98% |
| 2014-12-31 | $2.05 Billion | -1.40% |
| 2013-12-31 | $2.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Plantations Berhad'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 49.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.55 Billion | 88.84% |
| Common Stock | $389.19 Million | 13.58% |
| Other Comprehensive Income | $-50.65 Million | -1.77% |
| Total Equity | $2.87 Billion | 100.00% |
United Plantations Berhad Competitors by Market Cap
The table below lists competitors of United Plantations Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangxi Jiangnan New Material
SHG:603124
|
$912.40 Million |
|
Revolve Group LLC
NYSE:RVLV
|
$912.41 Million |
|
Nordic Entertainment Group AB (publ)
PINK:NENTF
|
$913.47 Million |
|
Gree Real Estate Co Ltd
SHG:600185
|
$913.60 Million |
|
Life360 Inc
PINK:LIFX
|
$911.68 Million |
|
Adapthealth Corp
NASDAQ:AHCO
|
$911.62 Million |
|
Bell AG
SW:BELL
|
$911.57 Million |
|
Hyundai Bioscience Co. Ltd
KQ:048410
|
$911.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Plantations Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,793,351,824 to 2,866,421,864, a change of 73,070,040 (2.6%).
- Net income of 823,246,015 contributed positively to equity growth.
- Dividend payments of 732,536,204 reduced retained earnings.
- Other comprehensive income decreased equity by 17,785,722.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $823.25 Million | +28.72% |
| Dividends Paid | $732.54 Million | -25.56% |
| Other Comprehensive Income | $-17.79 Million | -0.62% |
| Other Changes | $145.95K | +0.01% |
| Total Change | $- | 2.62% |
Book Value vs Market Value Analysis
This analysis compares United Plantations Berhad'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: 0.76x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $5.00 | $3.51 | x |
| 2014-12-31 | $4.93 | $3.51 | x |
| 2015-12-31 | $5.38 | $3.51 | x |
| 2016-12-31 | $5.68 | $3.51 | x |
| 2017-12-31 | $6.19 | $3.51 | x |
| 2018-12-31 | $6.25 | $3.51 | x |
| 2019-12-31 | $6.18 | $3.51 | x |
| 2020-12-31 | $6.33 | $3.51 | x |
| 2021-12-31 | $6.45 | $3.51 | x |
| 2022-12-31 | $6.92 | $3.51 | x |
| 2023-12-31 | $6.84 | $3.51 | x |
| 2024-12-31 | $6.73 | $3.51 | x |
| 2025-12-31 | $4.61 | $3.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Plantations Berhad 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): 28.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.82%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.16x
- Recent ROE (28.72%) is above the historical average (17.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.48% | 26.50% | 0.40x | 1.09x | $30.84 Million |
| 2014 | 13.09% | 27.21% | 0.44x | 1.10x | $63.29 Million |
| 2015 | 13.04% | 29.03% | 0.40x | 1.11x | $67.97 Million |
| 2016 | 13.95% | 26.82% | 0.46x | 1.12x | $93.17 Million |
| 2017 | 15.57% | 26.65% | 0.52x | 1.13x | $143.30 Million |
| 2018 | 14.43% | 28.52% | 0.45x | 1.13x | $115.12 Million |
| 2019 | 11.13% | 24.15% | 0.41x | 1.12x | $29.04 Million |
| 2020 | 15.25% | 29.82% | 0.45x | 1.14x | $137.82 Million |
| 2021 | 19.38% | 25.49% | 0.64x | 1.18x | $250.87 Million |
| 2022 | 20.98% | 23.93% | 0.76x | 1.15x | $314.86 Million |
| 2023 | 24.83% | 34.99% | 0.62x | 1.14x | $420.91 Million |
| 2024 | 25.54% | 32.46% | 0.68x | 1.16x | $434.10 Million |
| 2025 | 28.72% | 32.82% | 0.76x | 1.16x | $536.60 Million |
Industry Comparison
This section compares United Plantations Berhad's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $937,553,915
- Average return on equity (ROE) among peers: -60.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Plantations Berhad (UPBMF) | $2.87 Billion | 11.48% | 0.15x | $911.73 Million |
| African Agriculture Holdings Inc (AAGRW) | $-22.58 Million | 0.00% | 0.00x | $107.62K |
| Atlantic Sapphire ASA (AASZF) | $208.68 Million | -6.30% | 0.21x | $8.52 Million |
| Australian Agricultural Company Limited (AAYYY) | $705.25 Million | -5.49% | 0.90x | $654.00 Million |
| Archer-Daniels-Midland Company (ADM) | $6.33 Billion | 6.05% | 1.26x | $33.40 Billion |
| Anglo-Eastern Plantations Plc (AEPLF) | $394.61 Million | 2.48% | 0.23x | $166.40 Million |
| Forafric Global PLC Ordinary Shares (AFRI) | $5.32 Million | -457.58% | 45.29x | $31.97 Million |
| Adecoagro SA (AGRO) | $671.67 Million | 0.30% | 1.17x | $217.59 Million |
| Agroz Inc. Ordinary Shares (AGRZ) | $163.20K | -177.61% | 22.30x | $6.18 Million |
| Alico Inc (ALCO) | $165.37 Million | -5.72% | 1.53x | $224.58 Million |
| Astral Foods Limited (ALFDF) | $915.37 Million | 43.45% | 0.97x | $170.88 Million |