NCT Alliance Bhd

KLSE:0056 Malaysia Information Technology Services
Market Cap
$274.76 Million
RM1.24 Billion MYR
Market Cap Rank
#20231 Global
#192 in Malaysia
Share Price
RM0.59
Change (1 day)
+0.86%
52-Week Range
RM0.47 - RM0.65
All Time High
RM0.69
Categories
Companies in Malaysia Information Technology Services Technology AI & Machine Learning
About

NCT Alliance Berhad, an investment holding company, engages in the property development business in Malaysia. The company develops residential and commercial properties. It also operates as a general and renovation work contractor, as well as offers provision of project management services. The company was formerly known as Grand-Flo Berhad and changed its name to NCT Alliance Berhad in July 2021… Read more

NCT Alliance Bhd (0056) - Net Assets

Latest net assets as of December 2025: RM802.53 Million MYR

Based on the latest financial reports, NCT Alliance Bhd (0056) has net assets worth RM802.53 Million MYR as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.80 Billion) and total liabilities (RM998.84 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 RM802.53 Million
% of Total Assets 44.55%
Annual Growth Rate 18.54%
5-Year Change 84.67%
10-Year Change 427.75%
Growth Volatility 63.68

NCT Alliance Bhd - Net Assets Trend (2006–2025)

This chart illustrates how NCT Alliance 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 NCT Alliance Bhd (2006–2025)

The table below shows the annual net assets of NCT Alliance Bhd from 2006 to 2025.

Year Net Assets Change
2025-12-31 RM802.53 Million +6.60%
2024-12-31 RM752.87 Million +23.34%
2023-12-31 RM610.38 Million +23.00%
2022-12-31 RM496.26 Million +14.19%
2021-12-31 RM434.58 Million +289.08%
2020-12-31 RM111.69 Million +12.34%
2019-12-31 RM99.43 Million -22.36%
2018-12-31 RM128.06 Million -20.17%
2017-12-31 RM160.42 Million +5.49%
2016-12-31 RM152.07 Million +3.96%
2015-12-31 RM146.28 Million +41.33%
2014-12-31 RM103.50 Million +18.42%
2013-12-31 RM87.40 Million +17.36%
2012-12-31 RM74.47 Million +16.53%
2011-12-31 RM63.91 Million +27.83%
2010-12-31 RM49.99 Million +21.89%
2009-12-31 RM41.02 Million +26.86%
2008-12-31 RM32.33 Million -2.68%
2007-12-31 RM33.22 Million +4.90%
2006-12-31 RM31.67 Million --

Equity Component Analysis

This analysis shows how different components contribute to NCT Alliance 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 8617.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock RM595.72 Million 80.52%
Other Comprehensive Income RM638.38 Million 86.29%
Total Equity RM739.81 Million 100.00%

NCT Alliance Bhd Competitors by Market Cap

The table below lists competitors of NCT Alliance Bhd ranked by their market capitalization.

Company Market Cap
Ittifak Holding A.S.
IS:LRSHO
 		$62.35 Million
Calisa Acquisition Corp Ordinary shares
NASDAQ:ALIS
 		$62.35 Million
Dialight plc
PINK:DIALF
 		$62.35 Million
Nnit AS
CO:NNIT
 		$62.36 Million
Xtract One Technologies Inc.
OTCQX:XTRAF
 		$62.35 Million
Westag & Getalit ST O.N.
F:WUG
 		$62.35 Million
Ffbw Inc
OTCQX:FFBW
 		$62.34 Million
ACOTEC SCIEN.H. DL-00001
F:7W3
 		$62.34 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in NCT Alliance Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 737,908,000 to 739,808,000, a change of 1,900,000 (0.3%).
  • Net income of 49,582,000 contributed positively to equity growth.
  • Share repurchases of 974,000 reduced equity.
  • New share issuances of 395,000 increased equity.
  • Other comprehensive income increased equity by 638,378,000.
  • Other factors decreased equity by 685,481,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income RM49.58 Million +6.7%
Share Repurchases RM974.00K -0.13%
Share Issuances RM395.00K +0.05%
Other Comprehensive Income RM638.38 Million +86.29%
Other Changes RM-685.48 Million -92.66%
Total Change RM- 0.26%

Book Value vs Market Value Analysis

This analysis compares NCT Alliance 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: 1.50x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 4.72x to 1.50x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 RM0.12 RM0.59 x
2007-12-31 RM0.13 RM0.59 x
2008-12-31 RM0.12 RM0.59 x
2009-12-31 RM0.14 RM0.59 x
2010-12-31 RM0.13 RM0.59 x
2011-12-31 RM0.28 RM0.59 x
2012-12-31 RM0.16 RM0.59 x
2013-12-31 RM0.21 RM0.59 x
2014-12-31 RM0.24 RM0.59 x
2015-12-31 RM0.26 RM0.59 x
2016-12-31 RM0.22 RM0.59 x
2017-12-31 RM0.25 RM0.59 x
2018-12-31 RM0.23 RM0.59 x
2019-12-31 RM0.20 RM0.59 x
2020-12-31 RM0.22 RM0.59 x
2021-12-31 RM0.46 RM0.59 x
2022-12-31 RM0.36 RM0.59 x
2023-12-31 RM0.39 RM0.59 x
2024-12-31 RM0.45 RM0.59 x
2025-12-31 RM0.39 RM0.59 x

Capital Efficiency Dashboard

This dashboard shows how efficiently NCT Alliance 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): 6.70%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.42%
  • • Asset Turnover: 0.26x
  • • Equity Multiplier: 2.43x
  • Recent ROE (6.70%) is below the historical average (8.04%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 13.27% 7.74% 0.93x 1.84x RM890.28K
2007 18.85% 9.68% 1.44x 1.35x RM2.94 Million
2008 -1.14% -0.95% 0.70x 1.72x RM-3.40 Million
2009 8.36% 6.85% 0.69x 1.78x RM-626.65K
2010 14.87% 10.77% 0.91x 1.52x RM2.42 Million
2011 14.76% 12.58% 0.84x 1.40x RM3.03 Million
2012 10.56% 8.93% 0.85x 1.38x RM414.77K
2013 14.97% 14.47% 0.71x 1.46x RM4.31 Million
2014 6.60% 7.79% 0.51x 1.66x RM-3.44 Million
2015 9.66% 9.90% 0.54x 1.81x RM-422.08K
2016 -8.84% -8.08% 0.58x 1.87x RM-20.73 Million
2017 11.81% 13.96% 0.54x 1.56x RM2.22 Million
2018 4.94% 6.76% 0.48x 1.53x RM-5.68 Million
2019 2.66% 2.00% 0.92x 1.44x RM-7.29 Million
2020 5.04% 7.32% 0.44x 1.57x RM-5.54 Million
2021 7.76% 16.07% 0.26x 1.84x RM-9.73 Million
2022 8.90% 18.31% 0.29x 1.68x RM-5.45 Million
2023 6.21% 13.55% 0.34x 1.34x RM-23.16 Million
2024 4.90% 13.96% 0.24x 1.45x RM-37.61 Million
2025 6.70% 10.42% 0.26x 2.43x RM-24.40 Million

Industry Comparison

This section compares NCT Alliance Bhd's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

  • Industry: Information Technology Services
  • Average net assets among peers: $96,970,164
  • Average return on equity (ROE) among peers: -0.52%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
NCT Alliance Bhd (0056) RM802.53 Million 13.27% 1.24x $62.35 Million
NetX Holdings Bhd (0020) $126.46 Million -12.36% 0.27x $4.06 Million
Metronic Global Bhd (0043) $117.53 Million -17.40% 0.38x $1.70 Million
Vortex Consolidated Bhd (0060) $312.11 Million 0.76% 0.09x $20.06 Million
Lyc Healthcare Bhd (0075) $9.20 Million -21.64% 1.46x $1.11 Million
Aldrich Resources Bhd (0079) $22.35 Million -5.12% 0.36x $2.20 Million
Rexit Bhd (0106) $40.70 Million 23.38% 0.11x $4.95 Million
Privasia Technology Bhd (0123) $80.44 Million 0.14% 0.68x $4.58 Million
Microlink Solutions Bhd (0126) $119.48 Million 26.58% 0.72x $15.73 Million
Diversified Gateway Solutions Bhd (0131) $44.48 Million 0.94% 0.92x $6.51 Million