OCK Group Bhd (0172) - Net Assets

Latest as of December 2025: RM699.97 Million MYR ≈ $175.74 Million USD

Based on the latest financial reports, OCK Group Bhd (0172) has net assets worth RM699.97 Million MYR (≈ $175.74 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.99 Billion ≈ $499.41 Million USD) and total liabilities (RM1.29 Billion ≈ $323.67 Million USD). 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. Check 0172 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM699.97 Million
% of Total Assets	35.19%
Annual Growth Rate	5.98%
5-Year Change	3.86%
10-Year Change	N/A
Growth Volatility	10.12

OCK Group Bhd - Net Assets Trend (2016–2025)

This chart illustrates how OCK Group Bhd's net assets have evolved over time, based on quarterly financial data. Also explore OCK Group Bhd (0172) total assets for the complete picture of this company's asset base.

Annual Net Assets for OCK Group Bhd (2016–2025)

The table below shows the annual net assets of OCK Group Bhd from 2016 to 2025. For live valuation and market cap data, see 0172 company net worth.

Year	Net Assets	Change
2025-12-31	RM699.97 Million ≈ $175.74 Million	-10.43%
2024-12-31	RM781.52 Million ≈ $196.21 Million	-1.77%
2023-12-31	RM795.64 Million ≈ $199.76 Million	+9.75%
2022-12-31	RM724.93 Million ≈ $182.01 Million	+7.57%
2021-12-31	RM673.93 Million ≈ $169.20 Million	+25.38%
2020-12-31	RM537.51 Million ≈ $134.95 Million	+3.02%
2019-12-31	RM521.75 Million ≈ $130.99 Million	+18.30%
2018-12-31	RM441.03 Million ≈ $110.73 Million	+6.70%
2017-12-31	RM413.35 Million ≈ $103.78 Million	-0.36%
2016-12-31	RM414.86 Million ≈ $104.16 Million	--

Equity Component Analysis

This analysis shows how different components contribute to OCK Group 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 123.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM374.00 Million	61.23%
Common Stock	RM315.09 Million	51.58%
Other Comprehensive Income	RM-71.45 Million	-11.70%
Total Equity	RM610.84 Million	100.00%

OCK Group Bhd Competitors by Market Cap

The table below lists competitors of OCK Group Bhd ranked by their market capitalization.

Company	Market Cap
Roadzen Inc. NASDAQ:RDZN	$102.81 Million
WZ Satu Berhad KLSE:7245	$102.82 Million
Singular People S.A. MC:SNG	$102.84 Million
Quantum Graphite Ltd AU:QGL	$102.95 Million
Gala Precision Engineering NSE:GALAPREC	$102.66 Million
Caturkarda Depo Bangunan PT Tbk JK:DEPO	$102.65 Million
Gongin Precision Industrial Co Ltd TWO:3178	$102.62 Million
KAISER REEF LTD. F:7YR	$102.61 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 694,338,000 to 610,840,000, a change of -83,498,000 (-12.0%).
Net income of 25,612,000 contributed positively to equity growth.
Dividend payments of 12,718,000 reduced retained earnings.
Share repurchases of 10,364,000 reduced equity.
Other comprehensive income decreased equity by 70,853,000.
Other factors decreased equity by 15,175,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM25.61 Million	+4.19%
Dividends Paid	RM12.72 Million	-2.08%
Share Repurchases	RM10.36 Million	-1.7%
Other Comprehensive Income	RM-70.85 Million	-11.6%
Other Changes	RM-15.18 Million	-2.48%
Total Change	RM-	-12.03%

Book Value vs Market Value Analysis

This analysis compares OCK Group 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: 0.68x
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.
The price-to-book ratio has decreased from 0.87x to 0.68x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM0.45	RM0.39	x
2017-12-31	RM0.45	RM0.39	x
2018-12-31	RM0.48	RM0.39	x
2019-12-31	RM0.51	RM0.39	x
2020-12-31	RM0.53	RM0.39	x
2021-12-31	RM0.56	RM0.39	x
2022-12-31	RM0.60	RM0.39	x
2023-12-31	RM0.67	RM0.39	x
2024-12-31	RM0.65	RM0.39	x
2025-12-31	RM0.58	RM0.39	x

Capital Efficiency Dashboard

This dashboard shows how efficiently OCK Group 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): 4.19%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.97%
• Asset Turnover: 0.32x
• Equity Multiplier: 3.26x
Recent ROE (4.19%) is below the historical average (5.18%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	6.41%	6.62%	0.49x	1.96x	RM-14.91 Million
2017	5.96%	5.00%	0.45x	2.66x	RM-16.71 Million
2018	5.50%	5.30%	0.40x	2.58x	RM-19.86 Million
2019	5.47%	6.03%	0.34x	2.71x	RM-23.65 Million
2020	5.03%	5.71%	0.34x	2.61x	RM-26.72 Million
2021	4.25%	5.20%	0.33x	2.45x	RM-34.33 Million
2022	5.13%	5.31%	0.37x	2.58x	RM-31.15 Million
2023	5.16%	5.05%	0.36x	2.84x	RM-34.21 Million
2024	4.75%	5.07%	0.36x	2.62x	RM-36.45 Million
2025	4.19%	3.97%	0.32x	3.26x	RM-35.47 Million

Industry Comparison

This section compares OCK Group Bhd's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $1,405,035,979
Average return on equity (ROE) among peers: -10.26%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
OCK Group Bhd (0172)	RM699.97 Million	6.41%	1.84x	$102.76 Million
XOX Technology Bhd (0017)	$28.92 Million	29.75%	2.41x	$6.73 Million
Redtone International Bhd (0032)	$74.14 Million	0.00%	0.50x	$65.01 Million
Green Packet Bhd (0082)	$161.31 Million	-96.53%	0.91x	$16.28 Million
mTouche Technology Bhd (0092)	$146.50 Million	-7.45%	0.03x	$5.82 Million
M N C Wireless Bhd (0103)	$78.09 Million	-8.51%	0.12x	$2.39 Million
XOX Bhd (0165)	$233.64 Million	-38.94%	0.48x	$8.62 Million
Binasat Communications Bhd (0195)	$120.27 Million	1.48%	0.34x	$11.38 Million
Telekom Malaysia Bhd (4863)	$9.32 Billion	20.06%	1.57x	$7.21 Billion
TIME Dotcom Bhd (5031)	$2.48 Billion	7.81%	0.15x	$2.80 Billion

About OCK Group Bhd

KLSE:0172 Malaysia Telecom Services

Market Cap

$102.76 Million

RM409.30 Million MYR

Market Cap Rank

#19084 Global

#323 in Malaysia

Share Price

RM0.39

Change (1 day)

+0.00%

52-Week Range

RM0.36 - RM0.49

All Time High

RM0.88