MYR reporting
Sarawak Oil Palms · 5126.KL
Palm oil (Malaysia / Sarawak) · Filing
- Acres
- 190,000
- Book / acre
- MYR 26,316
- Market cap (USD)
- $1,036M
- EV / acre (USD)
- $6,362
Sector KPIsestimate
- FFB yield
- 21.0 t/ha
- OER
- 20.8%
- KER
- 4.6%
- CPO ASP
- MYR 4,100/t
- CPO cost
- MYR 2,550/t
- RSPO certified
- 50.0%
- Methane capture
- 25.0% of mills
- Replanting LTM
- 500 ha
- NDPE compliance
- 85.0%
Tangible Balance-Sheet Assets
Asset-class composition from the latest FY filings, alongside market enterprise value for an asset-coverage view. Land at FMV when a per-property breakdown is available; other classes at filed book value.
| Asset class | Book (MYR M) | FMV (MYR M) | Note |
|---|---|---|---|
| Land / property | 5,000 | 4,482 | Per-property breakdown below |
| PP&E (mills, plants, machinery) | 589 | — | Net of accumulated depreciation |
| Inventory | 113 | — | |
| Intangibles + goodwill | 13 | — | Excluded from tangible total |
| Tangible total (ex-cash) | 5,702 | 5,184 | |
| + Cash & equivalents | 800 | 800 | |
| Tangible total (incl. cash) | 6,502 | 5,984 | |
| Reported total assets (BS) | 1,920 | — | Latest period 2024-12-31 |
Tangible book
MYR 6,502M
339% of total assets
Market cap
MYR 4,202M
65% of tangible book
Enterprise value
MYR 4,902M
75% of tangible book
Implied fair market analysis
As of 2025-12-31FMV by category
Aggregated from per-property assumptions below| Category | Properties | Acres | Avg book MYR/acre | Avg FMV MYR/acre | Book (MYR M) | FMV (MYR M) | FMV range (MYR M) | FMV vs book |
|---|---|---|---|---|---|---|---|---|
| Sarawak palm — mineral soil | 1 | 130,000 | 23,077 | 25,000 | 3,000 | 3,250 | 2,600–3,900 | +8.3% |
| Sarawak palm — peat soil | 1 | 60,000 | 25,000 | 19,000 | 1,500 | 1,140 | 912–1,368 | -24.0% |
| Plasma partnerships (excluded from owned acres) | 1 | — | — | — | 100 | 92 | 74–110 | -8.0% |
| Total | 3 | 190,000 | 24,211 | 23,589 | 4,600 | 4,482 | 3,586–5,378 | -2.6% |
Properties
3-row breakdown by Sarawak soil type. Sarawak palm is unique in the comp set for material peat-soil exposure (~31% of planted area) which trades at discount.| Property | Category / crop | Acres | Acquired | Cost (MYR M) | Book (MYR M) | MYR/acre book | FMV MYR/acre | FMV (MYR M) | vs book | Comps |
|---|---|---|---|---|---|---|---|---|---|---|
Sarawak nucleus estates + mills (mineral soil) Sarawak, Malaysia (mineral soil areas) | Sarawak palm — mineral soil Mature oil palm + mills | 130,000 | — | — | 3,000 | 23,077 | 25,000 20,000–30,000 | 3,250 | +8.3% | MY-PALM-SARAWAK-2024 Mineral soil Sarawak palm at premium to peat |
Sarawak peat-soil estates Sarawak, Malaysia (peat soil areas) | Sarawak palm — peat soil Mature oil palm on peat | 60,000 | — | — | 1,500 | 25,000 | 19,000 15,200–22,800 | 1,140 | -24.0% | MY-PALM-SARAWAK-2024 Peat-soil palm at discount to mineral soil due to lower yields + sustainability constraints |
Smallholder + plasma partnerships Sarawak, Malaysia | Plasma partnerships (excluded from owned acres) Plasma scheme (smallholder partnerships, ~9K ha NOT owned) | 23,000 | — | — | 100 | 4,348 | 4,000 3,200–4,800 | 92 | -8.0% | MY-PALM-SARAWAK-2024 ~9K ha smallholder partnership area without fee-simple ownership. SOP buys FFB but doesn't own the land. NOT on balance sheet as land asset |
Comparable land transactions and surveys
2 reference points · all dated within last 24 months| ID | Description | Location | Acres | $ / acre | Date | Source |
|---|---|---|---|---|---|---|
| MY-PALM-2025 | Malaysian palm plantation H1 2025 transactions | Malaysia palm estates | — | $5,400 | Apr 2025 | MPOB + Bursa Malaysia 2025 |
| MY-PALM-SARAWAK-2024 | Sarawak palm plantation (peat soils) | Sarawak, Malaysia | — | $4,200 | Sep 2024 | Malaysian Palm Oil Board Sarawak 2024 |
Sarawak Oil Palms is a Sarawak-focused operator with ~86K hectares of palm. Sarawak palm is differentiated by soil type — mineral soil yields higher than peat soil, with peat trading at meaningful per-acre discount due to lower yields, sustainability constraints (peat is carbon-rich), and certification challenges. 3-row breakdown reflects this soil-type variation: - Mineral soil estates (130K acres / ~53K ha): premium per-acre - Peat soil estates (60K acres / ~24K ha): discount for yield + sustainability - Plasma partnerships (23K acres / ~9K ha): smallholder partnership area
Financial snapshot
48 reported periods · 2461 daily price points
Reported metrics (revenue, EBITDA, property value, NAV/share, total acres) come from content/farmland-financials/5126.KL.json — manually compiled at the most-granular timeframe each issuer discloses (typically quarterly). Stock price overlay and premium/discount on the NAV/share chart use daily Yahoo close; premium/discount steps each time NAV is re-reported.
Sector trends
9 populated KPIs · 2000–2024