Heineken Malaysia Bhd (XKLS:3255) Retained Earnings: RM482 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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XKLS:3255 Heineken Malaysia Bhd XKLS:3255
83 GF Score
Price RM19.18
GF Value RM23.93
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Heineken Malaysia Bhd Retained Earnings?

Heineken Malaysia Bhd XKLS:3255 -0.31% 83 Retained Earnings is RM482 Mil as of Mar. 2026. GuruFocus rates XKLS:3255 with a GF Score™ of 83/100 and a GF Value™ of RM23.93 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Heineken Malaysia Bhd's retained earnings for the quarter that ended in Mar. 2026 was RM482 Mil.

Heineken Malaysia Bhd's quarterly retained earnings increased from Sep. 2025 (RM0 Mil) to Dec. 2025 (RM378 Mil) and increased from Dec. 2025 (RM378 Mil) to Mar. 2026 (RM482 Mil).

Heineken Malaysia Bhd's annual retained earnings increased from Dec. 2023 (RM307 Mil) to Dec. 2024 (RM387 Mil) but then declined from Dec. 2024 (RM387 Mil) to Dec. 2025 (RM378 Mil).


Heineken Malaysia Bhd  (XKLS:3255) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Heineken Malaysia Bhd Retained Earnings Historical Data

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The historical data trend for Heineken Malaysia Bhd's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heineken Malaysia Bhd Retained Earnings Chart

Heineken Malaysia Bhd Annual Data
Trend Jun15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 244.16 336.76 306.66 386.73 377.82

Heineken Malaysia Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 508.88 0.00 0.00 377.82 482.27
XKLS:3255
83GF Score
Heineken Malaysia Bhd XKLS:3255
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Heineken Malaysia Bhd Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of RM482 Mil mean?
Heineken Malaysia Bhd (XKLS:3255) has a Retained Earnings of RM482 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Heineken Malaysia Bhd and its competitors.
Is Heineken Malaysia Bhd's Retained Earnings too high?
Heineken Malaysia Bhd's current Retained Earnings is RM482 Mil. Overall, Heineken Malaysia Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heineken Malaysia Bhd's Retained Earnings compare to BUD and STZ?
Heineken Malaysia Bhd's Retained Earnings of RM482 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Beverages - Alcoholic company?
A good Retained Earnings depends on the Beverages - Alcoholic industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Heineken Malaysia Bhd and its competitors. Heineken Malaysia Bhd's current Retained Earnings is RM482 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Heineken Malaysia Bhd (XKLS:3255) is currently considered Modestly Undervalued. The stock's GF Value™ is RM23.93, compared to a current price of RM19.18 — trading 19.8% below its estimated fair value. The current Retained Earnings is RM482 Mil. Heineken Malaysia Bhd's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Heineken Malaysia Bhd (XKLS:3255), the current Retained Earnings is RM482 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Heineken Malaysia Bhd (XKLS:3255) Overvalued in 2026?

Based on GuruFocus' analysis, Heineken Malaysia Bhd stock appears to be undervalued. The current stock price of RM19.18 is trading 19.8% below its estimated GF Value™ of RM23.93. GuruFocus considers Heineken Malaysia Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3255:

  • Retained Earnings: RM482 Mil
  • GF Value™: RM23.93 vs. price of RM19.18 (19.8% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the XKLS:3255 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heineken Malaysia Bhd Business Description

Address Batu 9, Jalan Klang Lama, Sungei Way Brewery, Lot 1135, Selangor Darul Ehsan, Petaling Jaya, SGR, MYS, 46000
Heineken Malaysia Bhd is engaged in the production, packaging, marketing, and distribution of beverages, mainly alcoholic. The portfolio of the company includes various brands such as The World-acclaimed iconic Asian beer - Tiger Beer, The crystal-cold filtered beer - Tiger Crystal, The New Zealand-inspired cider - Apple Fox Cider, Edelweiss, infused with juicy peach flavour, The premium Irish ale - Kilkenny, The real shandy - Anglia, and others.
83GF Score

Get the complete analysis for XKLS:3255

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM19.18
Price
RM23.93
GF Value