Frontken Corporation Bhd
Frontken Corporation Berhad, an investment holding company, provides surface treatment, and mechanical and chemical engineering works in Malaysia, Singapore, the Philippines, Taiwan, and Indonesia. The company offers precision cleaning services comprising spray cleaning, immersion cleaning, and ultrasonic cavitation and implosion services, as well as precision pico-cleaning services. It also prov… Read more
Frontken Corporation Bhd (0128) - Net Assets
Latest net assets as of December 2025: RM1.09 Billion MYR
Based on the latest financial reports, Frontken Corporation Bhd (0128) has net assets worth RM1.09 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.30 Billion) and total liabilities (RM211.68 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 | RM1.09 Billion |
| % of Total Assets | 83.74% |
| Annual Growth Rate | 14.71% |
| 5-Year Change | 103.71% |
| 10-Year Change | 268.98% |
| Growth Volatility | 12.01 |
Frontken Corporation Bhd - Net Assets Trend (2006–2025)
This chart illustrates how Frontken Corporation 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 Frontken Corporation Bhd (2006–2025)
The table below shows the annual net assets of Frontken Corporation Bhd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.09 Billion | +41.02% |
| 2024-12-31 | RM772.91 Million | +12.36% |
| 2023-12-31 | RM687.90 Million | +17.01% |
| 2022-12-31 | RM587.92 Million | +9.88% |
| 2021-12-31 | RM535.08 Million | +14.57% |
| 2020-12-31 | RM467.03 Million | +17.13% |
| 2019-12-31 | RM398.75 Million | +15.70% |
| 2018-12-31 | RM344.64 Million | +12.64% |
| 2017-12-31 | RM305.97 Million | +3.58% |
| 2016-12-31 | RM295.41 Million | +8.91% |
| 2015-12-31 | RM271.24 Million | +13.15% |
| 2014-12-31 | RM239.72 Million | +11.90% |
| 2013-12-31 | RM214.23 Million | +0.57% |
| 2012-12-31 | RM213.01 Million | +2.82% |
| 2011-12-31 | RM207.16 Million | +2.48% |
| 2010-12-31 | RM202.15 Million | +49.15% |
| 2009-12-31 | RM135.53 Million | +10.80% |
| 2008-12-31 | RM122.32 Million | +22.73% |
| 2007-12-31 | RM99.66 Million | +24.00% |
| 2006-12-31 | RM80.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Frontken Corporation 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 grown by 2651.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM554.52 Million | 53.52% |
| Common Stock | RM449.67 Million | 43.40% |
| Other Comprehensive Income | RM41.56 Million | 4.01% |
| Total Equity | RM1.04 Billion | 100.00% |
Frontken Corporation Bhd Competitors by Market Cap
The table below lists competitors of Frontken Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ferrotec Corporation
F:FER
|
$1.19 Billion |
|
ZF Commercial Vehicle Control Systems India Limited
NSE:ZFCVINDIA
|
$1.19 Billion |
|
Huada Automotive Tech Corp Ltd
SHG:603358
|
$1.19 Billion |
|
Port of Tauranga Limited
OTCGREY:PTAUF
|
$1.19 Billion |
|
Pharma Mar SAU
PINK:PHMMF
|
$1.19 Billion |
|
Guangdong Baolihua New Energy Stock Co LTD
SHE:000690
|
$1.19 Billion |
|
Westamerica Bancorporation
NASDAQ:WABC
|
$1.19 Billion |
|
SO.NA.GA.N.R.GDR REGS LN1
F:RZ8G
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Frontken Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 720,564,220 to 1,036,079,999, a change of 315,515,779 (43.8%).
- Net income of 154,227,000 contributed positively to equity growth.
- Dividend payments of 63,576,000 reduced retained earnings.
- Share repurchases of 5,940,000 reduced equity.
- New share issuances of 278,017,000 increased equity.
- Other comprehensive income decreased equity by 43,016,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM154.23 Million | +14.89% |
| Dividends Paid | RM63.58 Million | -6.14% |
| Share Repurchases | RM5.94 Million | -0.57% |
| Share Issuances | RM278.02 Million | +26.83% |
| Other Comprehensive Income | RM-43.02 Million | -4.15% |
| Other Changes | RM-4.20 Million | -0.41% |
| Total Change | RM- | 43.79% |
Book Value vs Market Value Analysis
This analysis compares Frontken Corporation 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: 5.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 26.74x to 5.71x 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 | RM0.14 | RM3.70 | x |
| 2007-12-31 | RM0.11 | RM3.70 | x |
| 2008-12-31 | RM0.10 | RM3.70 | x |
| 2009-12-31 | RM0.11 | RM3.70 | x |
| 2010-12-31 | RM0.10 | RM3.70 | x |
| 2011-12-31 | RM0.12 | RM3.70 | x |
| 2012-12-31 | RM0.12 | RM3.70 | x |
| 2013-12-31 | RM0.12 | RM3.70 | x |
| 2014-12-31 | RM0.14 | RM3.70 | x |
| 2015-12-31 | RM0.15 | RM3.70 | x |
| 2016-12-31 | RM0.17 | RM3.70 | x |
| 2017-12-31 | RM0.18 | RM3.70 | x |
| 2018-12-31 | RM0.21 | RM3.70 | x |
| 2019-12-31 | RM0.24 | RM3.70 | x |
| 2020-12-31 | RM0.28 | RM3.70 | x |
| 2021-12-31 | RM0.32 | RM3.70 | x |
| 2022-12-31 | RM0.35 | RM3.70 | x |
| 2023-12-31 | RM0.41 | RM3.70 | x |
| 2024-12-31 | RM0.34 | RM3.70 | x |
| 2025-12-31 | RM0.65 | RM3.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Frontken Corporation 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): 14.89%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.38%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.26x
- Recent ROE (14.89%) is above the historical average (11.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 10.01% | 10.94% | 0.52x | 1.76x | RM4.86K |
| 2007 | 4.09% | 3.80% | 0.51x | 2.13x | RM-5.79 Million |
| 2008 | 15.49% | 14.44% | 0.54x | 1.98x | RM6.68 Million |
| 2009 | 6.21% | 6.12% | 0.58x | 1.74x | RM-5.13 Million |
| 2010 | 6.80% | 8.17% | 0.44x | 1.89x | RM-5.64 Million |
| 2011 | 1.39% | 1.25% | 0.59x | 1.86x | RM-15.44 Million |
| 2012 | 2.07% | 2.11% | 0.58x | 1.70x | RM-14.67 Million |
| 2013 | -1.25% | -1.22% | 0.63x | 1.62x | RM-20.95 Million |
| 2014 | 9.08% | 6.06% | 0.87x | 1.72x | RM-1.91 Million |
| 2015 | 1.69% | 1.43% | 0.72x | 1.65x | RM-19.65 Million |
| 2016 | 7.66% | 7.65% | 0.64x | 1.56x | RM-6.12 Million |
| 2017 | 10.60% | 10.07% | 0.69x | 1.53x | RM1.70 Million |
| 2018 | 16.08% | 15.97% | 0.72x | 1.40x | RM19.75 Million |
| 2019 | 18.35% | 20.35% | 0.66x | 1.37x | RM31.47 Million |
| 2020 | 18.63% | 22.25% | 0.60x | 1.41x | RM37.97 Million |
| 2021 | 20.87% | 23.21% | 0.63x | 1.43x | RM54.42 Million |
| 2022 | 22.48% | 23.84% | 0.64x | 1.47x | RM68.45 Million |
| 2023 | 17.46% | 22.38% | 0.56x | 1.38x | RM47.83 Million |
| 2024 | 18.99% | 24.03% | 0.58x | 1.37x | RM64.75 Million |
| 2025 | 14.89% | 25.38% | 0.47x | 1.26x | RM50.62 Million |
Industry Comparison
This section compares Frontken Corporation Bhd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $126,605,503
- Average return on equity (ROE) among peers: -4.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Frontken Corporation Bhd (0128) | RM1.09 Billion | 10.01% | 0.19x | $1.19 Billion |
| GFM Services Bhd (0039) | $124.98 Million | 8.01% | 3.10x | $11.19 Million |
| Efficient E Solutions Bhd (0064) | $137.94 Million | -5.50% | 0.01x | $2.71 Million |
| Scicom MSC Bhd (0099) | $52.06 Million | 16.01% | 0.18x | $40.65 Million |
| Advance Information Marketing Bhd (0122) | $12.53 Million | -41.20% | 0.26x | $1.32 Million |
| Xox Networks Bhd (0140) | $35.23 Million | -21.45% | 0.14x | $1.83 Million |
| MClean Technologies Bhd (0167) | $21.04 Million | -39.09% | 1.63x | $11.52 Million |
| Mtag Group Berhad (0213) | $179.74 Million | 16.80% | 0.12x | $10.34 Million |
| KJTS (0293) | $28.69 Million | 20.60% | 1.15x | $48.93 Million |
| Fima Corporation Bhd (3107) | $547.24 Million | 2.14% | 0.15x | $22.52 Million |