HeveaBoard Bhd (XKLS:5095) Retained Earnings: RM187.9 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:5095 HeveaBoard Bhd XKLS:5095
25 GF Score
Price RM0.12
GF Value RM0.25
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is HeveaBoard Bhd Retained Earnings?

HeveaBoard Bhd XKLS:5095 +4.55% 25 Retained Earnings is RM187.9 Mil as of Mar. 2026. GuruFocus rates XKLS:5095 with a GF Score™ of 25/100 and a GF Value™ of RM0.25 (Possible Value Trap). The stock has 5 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. HeveaBoard Bhd's retained earnings for the quarter that ended in Mar. 2026 was RM187.9 Mil.

HeveaBoard Bhd's quarterly retained earnings declined from Sep. 2025 (RM211.2 Mil) to Dec. 2025 (RM200.1 Mil) and declined from Dec. 2025 (RM200.1 Mil) to Mar. 2026 (RM187.9 Mil).

HeveaBoard Bhd's annual retained earnings declined from Dec. 2023 (RM256.7 Mil) to Dec. 2024 (RM245.9 Mil) and declined from Dec. 2024 (RM245.9 Mil) to Dec. 2025 (RM200.1 Mil).


HeveaBoard Bhd  (XKLS:5095) 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.


HeveaBoard Bhd Retained Earnings Historical Data

* Premium members only.

The historical data trend for HeveaBoard 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.

HeveaBoard Bhd Retained Earnings Chart

HeveaBoard Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 263.53 267.20 256.66 245.94 200.07

HeveaBoard 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 243.56 230.10 211.21 200.07 187.90
XKLS:5095
25GF Score
HeveaBoard Bhd XKLS:5095
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HeveaBoard 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 RM187.9 Mil mean?
HeveaBoard Bhd (XKLS:5095) has a Retained Earnings of RM187.9 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on HeveaBoard Bhd and its competitors.
Is HeveaBoard Bhd's Retained Earnings too high?
HeveaBoard Bhd's current Retained Earnings is RM187.9 Mil. Overall, HeveaBoard Bhd has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HeveaBoard Bhd's Retained Earnings compare to SSD and UFPI?
HeveaBoard Bhd's Retained Earnings of RM187.9 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good Retained Earnings depends on the Forest Products 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 HeveaBoard Bhd and its competitors. HeveaBoard Bhd's current Retained Earnings is RM187.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HeveaBoard Bhd stock overvalued right now?
Based on GuruFocus' analysis, HeveaBoard Bhd (XKLS:5095) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.25, compared to a current price of RM0.12 — trading 54% below its estimated fair value. The current Retained Earnings is RM187.9 Mil. HeveaBoard Bhd's overall GF Score™ is 25/100 with 5 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 HeveaBoard Bhd (XKLS:5095), the current Retained Earnings is RM187.9 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 HeveaBoard Bhd (XKLS:5095) Overvalued in 2026?

Based on GuruFocus' analysis, HeveaBoard Bhd stock appears to be undervalued. The current stock price of RM0.12 is trading 54% below its estimated GF Value™ of RM0.25. GuruFocus considers HeveaBoard Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5095:

  • Retained Earnings: RM187.9 Mil
  • GF Value™: RM0.25 vs. price of RM0.12 (54% below fair value)
  • GF Score™: 25/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5095 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HeveaBoard Bhd Business Description

Address Batu 3, Jalan Tampin, Lot 1942, Gemas, NSN, MYS, 73400
HeveaBoard Bhd operates in the particleboard business. It is engaged in the manufacturing, trading, and distribution of a wide range of particleboard and particleboard-based products. It operates through the Particleboards segment, Ready-to-assemble products segment, Cultivation and trading of gourmet fungi segment, and Other segments. The Particleboards segment is involved in the business of manufacturing and trading of particleboards and other panel boards. The Ready-to-assemble segment generates maximum revenue and is involved in the business of manufacturing and trading of ready-to-assemble furniture. The Others segment is engaged in investment holding. Its products are used for furniture components, dining sets, speaker boxes, door manufacturing, and office systems.
25GF Score

Get the complete analysis for XKLS:5095

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

RM0.12
Price
RM0.25
GF Value