1. Malaysia Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
United Plantations Berhad

United Plantations Berhad

UPBMF
United Plantations BerhadUS flagOther OTC
3.51
USD
- -
- -
2.18BMarket Cap
United Plantations Berhad
UPBMF
(Other OTC)

Recent

price

3.51

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.55
2.24
1.9
1.52
1.64
1.61
1.97
2.37
2.09
1.89
2.15
3.27
4.04
3.24
3.53
4.04
4.24
Revenue per Share
0.42
0.6
0.55
0.4
0.45
0.47
0.53
0.63
0.6
0.46
0.64
0.83
0.97
1.14
1.15
1.33
1.32
Basic EPS, GAAP
-0.1
-0.12
-0.11
-0.1
-0.07
-0.09
-0.13
-0.24
-0.22
-0.18
-0.18
-0.18
-0.22
-0.18
-0.21
-0.35
-0.34
Free Cash Flow per Basic Share
0.17
0.32
0.3
0.31
0.56
0.3
0.33
0.38
0.5
0.47
0.48
0.63
0.83
1.2
1.13
1.18
0.44
Dividend per Share
2.51
2.87
3.12
3.21
3.1
3.27
3.46
4
0.63
0.63
4.31
4.5
4.63
4.57
4.58
4.73
4.99
Book Value per Share
2.79
3.15
3.39
3.46
3.36
3.54
3.77
4.01
4.09
3.47
3.6
3.68
4.04
3.97
3.89
4
4.21
Tangible Book Value per Share
624
624
624
624
623
623
623
623
623
622
622
622
622
622
622
622
622
Basic Weighted Avg Shares
969
1,398
1,183
950
1,022
1,004
1,228
1,474
1,306
1,173
1,340
2,033
2,515
2,014
2,198
2,514
2,637
Sales/Revenue/Turnover
34.93
33.9
36.48
33.11
32.32
35.44
31.84
32.42
35.58
27.91
35.71
33.26
32.76
44.54
40.63
42.43
40.13
Operating Margin (%)
48
60
63
64
68
72
73
85
86
95
95
100
103
107
110
112
- -
Depreciation Expense
265
374
342
252
278
292
329
393
372
283
400
518
602
708
715
825
822
Net Income, GAAP
24.25
24
24.59
25.84
21.44
22.23
20.85
21.69
23.79
20.57
20.58
23.58
28.46
23.83
23.38
25.16
24.53
Effective Tax Rate (%)
27.31
26.74
28.92
26.5
27.21
29.03
26.82
26.65
28.52
24.15
29.82
25.49
23.93
35.14
32.54
32.82
31.19
Profit Margin (%)
579
766
908
956
879
957
1,069
1,141
1,182
747
795
849
1,037
999
911
943
959
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
12
13
13
13
13
LT Debt
1,773
1,997
2,151
2,194
2,127
2,239
2,389
2,531
2,589
2,554
2,631
2,685
2,905
2,867
2,817
2,881
2,976
Total Equity
14.78
18.81
15.46
10.63
11.93
12.61
13.3
15.13
13.73
10.05
14.55
19.17
20.67
23.17
23.61
27.37
26.23
Return on Invested Capital (%)
29.83
22.26
18.28
12.71
14.04
14.63
15.62
16.79
25.6
70.8
25.74
18.72
20.97
24.4
24.73
28.09
26.55
Return on Capital (%)
29.82
22.26
18.3
12.74
14.13
14.7
15.71
16.9
25.85
72.63
26.04
18.93
21.19
24.73
25.12
28.48
26.89
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
13
13
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
622
622
622
Market Capitalization
9,211
8,877
8,856

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,279
1,176
1,250
Cash, Cash Equivalents & STI
566
428
508
Accounts Receivable, Net
294
231
383
Inventories
368
365
328
Total Current Liabilities
269
233
291
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.61%
1.89%
2.27%
Free Cash Flow
19.5%
17.86%
64.95%
Net Income, GAAP
12.4%
15.97%
15.38%
Sales/Revenue/Turnover
11.4%
15.81%
14.4%
Total Cash Common Dividend
15.84%
21.03%
4.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
477
546
548
627
2,198
2025
518
638
677
681
2,514
2026
641
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.3
0.35
- -
1.15
2025
0.26
0.4
0.33
- -
1.33
2026
0.26
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.13
2025
- -
- -
- -
- -
1.18
2026
- -
- -
- -
- -
- -
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Business
United Plantations Berhad (UPB) engages in the cultivation, processing, and refining of palm oil and coconut crops across plantations in Peninsular Malaysia and Indonesia. Founded in 1906 and headquartered in Teluk Intan, Perak, Malaysia, the company operates a total cultivated land bank of approximately 63,000 hectares, with 71% in Malaysia and 29% in Indonesia, employing over 6,000 people in upstream plantation activities and downstream refining through its subsidiaries. Its core products and services encompass crude palm oil and palm kernel production from oil palm cultivation; refined edible oils, specialty fats, and cocoa butter substitutes manufactured at two palm oil refineries in Malaysia; high-yield planting materials developed through in-house research, breeding, and tissue culture programs established in 1951; bulking and storage facilities for vegetable oils and molasses; and consumer bakery products including Danish butter cookies, coconut buns, fruit cakes, and rye bread from its historic Bernam Bakery. UPB maintains a fully integrated supply chain with high traceability, emphasizing certified sustainable palm oil as the world's first RSPO-certified producer in 2008. In recent developments, the company achieved record after-tax profits of RM719 million for the financial year 2024, driven by higher commodity prices, optimized yields from proprietary planting materials, and resilient refinery performance amid Indonesian competition; reported stellar Q2 2025 results with 16.9% revenue growth to RM638.4 million, fueled by 22.2% increases in crude palm oil production and 23.9% in palm kernel output alongside elevated selling prices; announced a special dividend of 14 sen per share for the year ended December 31, 2025, and a bonus issue of securities in February 2025; and invested in joint ventures including Unifuji Sdn Bhd, supporting refinery profit growth, while sustaining strong financials with MYR389.52 million in cash reserves against minimal debt. The company serves global and local customers in the agriculture and food sectors, prioritizing sustainability, ethical practices, and operational efficiency across its plantations, refining, research, and trading segments.