OPCOM Holdings Bhd
Hextar Capital Berhad, an investment holding company, manufactures and sells fiber optic cables, systems, accessories, and thixotropic gel in Malaysia, the United Kingdom, China, and internationally. It operates through three segments: Manufacturing, Trading and Engineering Services, and Tele-communication network. The company offers slotted core fiber optic cables, including UG, aerial, DB, and … Read more
OPCOM Holdings Bhd (0035) - Net Assets
Latest net assets as of September 2025: RM278.80 Million MYR
Based on the latest financial reports, OPCOM Holdings Bhd (0035) has net assets worth RM278.80 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM385.52 Million) and total liabilities (RM106.72 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 | RM278.80 Million |
| % of Total Assets | 72.32% |
| Annual Growth Rate | 13.03% |
| 5-Year Change | 232.2% |
| 10-Year Change | N/A |
| Growth Volatility | 31.61 |
OPCOM Holdings Bhd - Net Assets Trend (2015–2025)
This chart illustrates how OPCOM Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for OPCOM Holdings Bhd (2015–2025)
The table below shows the annual net assets of OPCOM Holdings Bhd from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM278.80 Million | +28.88% |
| 2024-12-31 | RM216.32 Million | -11.95% |
| 2022-12-31 | RM245.69 Million | +55.46% |
| 2021-12-31 | RM158.05 Million | +88.32% |
| 2020-12-31 | RM83.93 Million | +1.58% |
| 2019-12-31 | RM82.62 Million | -6.77% |
| 2018-12-31 | RM88.63 Million | +0.50% |
| 2017-12-31 | RM88.19 Million | -0.52% |
| 2016-12-31 | RM88.65 Million | +8.29% |
| 2015-12-31 | RM81.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to OPCOM Holdings Bhd'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 decreased by 51.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM24.02 Million | 8.92% |
| Other Components | RM245.22 Million | 91.08% |
| Total Equity | RM269.24 Million | 100.00% |
OPCOM Holdings Bhd Competitors by Market Cap
The table below lists competitors of OPCOM Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ado Optronics
TWO:3516
|
$15.82 Million |
|
Sonic Interfreight Public Company Limited
BK:SONIC
|
$15.83 Million |
|
Spirit Technology Solutions Ltd
AU:ST1
|
$15.83 Million |
|
Yigit Aku Malzemeleri Nakliyat Turizm Insaat Sanayi ve Ticaret A.S.
IS:YIGIT
|
$15.83 Million |
|
Mineral Commodities Ltd
AU:MRC
|
$15.81 Million |
|
Medivir AB (publ)
F:MVR0
|
$15.81 Million |
|
TPC Power Holding Public Company Limited
BK:TPCH
|
$15.81 Million |
|
FOMTF
PINK:FOMTF
|
$15.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in OPCOM Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 206,663,200 to 269,235,000, a change of 62,571,800 (30.3%).
- Net income of 3,276,000 contributed positively to equity growth.
- New share issuances of 29,078,000 increased equity.
- Other factors increased equity by 30,217,800.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM3.28 Million | +1.22% |
| Share Issuances | RM29.08 Million | +10.8% |
| Other Changes | RM30.22 Million | +11.22% |
| Total Change | RM- | 30.28% |
Book Value vs Market Value Analysis
This analysis compares OPCOM Holdings Bhd'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: 0.43x
- 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 |
|---|---|---|---|
| 2016-12-31 | RM0.55 | RM0.20 | x |
| 2017-12-31 | RM0.55 | RM0.20 | x |
| 2018-12-31 | RM0.55 | RM0.20 | x |
| 2019-12-31 | RM0.51 | RM0.20 | x |
| 2020-12-31 | RM0.52 | RM0.20 | x |
| 2021-12-31 | RM0.57 | RM0.20 | x |
| 2022-12-31 | RM0.64 | RM0.20 | x |
| 2024-12-31 | RM0.46 | RM0.20 | x |
| 2025-12-31 | RM0.46 | RM0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently OPCOM Holdings Bhd 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): 1.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.57%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.43x
- Recent ROE (1.22%) is below the historical average (2.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 9.07% | 7.24% | 0.85x | 1.48x | RM-761.84K |
| 2016 | 8.12% | 7.70% | 0.71x | 1.49x | RM-1.67 Million |
| 2017 | 7.58% | 6.44% | 0.80x | 1.47x | RM-2.13 Million |
| 2018 | 0.51% | 0.61% | 0.64x | 1.31x | RM-8.41 Million |
| 2019 | -9.56% | -17.76% | 0.41x | 1.30x | RM-16.16 Million |
| 2020 | 3.08% | 3.86% | 0.57x | 1.41x | RM-5.80 Million |
| 2021 | 2.50% | 4.53% | 0.48x | 1.15x | RM-11.86 Million |
| 2022 | 6.41% | 11.12% | 0.46x | 1.26x | RM-8.82 Million |
| 2024 | -1.75% | -3.07% | 0.30x | 1.88x | RM-24.28 Million |
| 2025 | 1.22% | 4.57% | 0.19x | 1.43x | RM-23.65 Million |
Industry Comparison
This section compares OPCOM Holdings Bhd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $64,756,535
- Average return on equity (ROE) among peers: -1.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| OPCOM Holdings Bhd (0035) | RM278.80 Million | 9.07% | 0.38x | $15.81 Million |
| Mlabs Systems Bhd (0085) | $131.52 Million | -9.91% | 0.09x | $974.77K |
| Silver Ridge Holdings Bhd (0129) | $20.65 Million | -0.49% | 0.84x | $11.73 Million |
| G3 Global Bhd (7184) | $49.00 Million | 2.04% | 0.90x | $4.22 Million |
| Watta Holding Bhd (7226) | $57.85 Million | 3.33% | 0.21x | $629.25K |