QES Group Bhd
QES Group Berhad, an investment holding company, engages in the manufacture, distribution, and provision of engineering services for inspection, test, measuring, analytical, and automated handling equipment. It operates through Equipment, Materials and Engineering Solutions, and Manufacturing segments. The company offers analytical instruments; inspection, test, and measurement equipment; materia… Read more
QES Group Bhd (0196) - Net Assets
Latest net assets as of December 2025: RM199.80 Million MYR
Based on the latest financial reports, QES Group Bhd (0196) has net assets worth RM199.80 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 (RM324.57 Million) and total liabilities (RM124.77 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 | RM199.80 Million |
| % of Total Assets | 61.56% |
| Annual Growth Rate | 24.73% |
| 5-Year Change | 44.91% |
| 10-Year Change | 553.06% |
| Growth Volatility | 25.76 |
QES Group Bhd - Net Assets Trend (2015–2025)
This chart illustrates how QES Group 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 QES Group Bhd (2015–2025)
The table below shows the annual net assets of QES Group Bhd from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM199.80 Million | +6.26% |
| 2024-12-31 | RM188.02 Million | +5.42% |
| 2023-12-31 | RM178.36 Million | +9.67% |
| 2022-12-31 | RM162.63 Million | +17.95% |
| 2021-12-31 | RM137.88 Million | +17.56% |
| 2020-12-31 | RM117.28 Million | +31.66% |
| 2019-12-31 | RM89.08 Million | +1.47% |
| 2018-12-31 | RM87.79 Million | +88.69% |
| 2017-12-31 | RM46.53 Million | +52.08% |
| 2016-12-31 | RM30.59 Million | +39.63% |
| 2015-12-31 | RM21.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to QES 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 11845200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM118.45 Million | 60.53% |
| Common Stock | RM80.78 Million | 41.28% |
| Other Comprehensive Income | RM-3.03 Million | -1.55% |
| Total Equity | RM195.69 Million | 100.00% |
QES Group Bhd Competitors by Market Cap
The table below lists competitors of QES Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TUBOS REUNIDOS A EO -02
F:TU1
|
$30.67 Million |
|
SMC Investment Trading JSC
VN:SMC
|
$30.68 Million |
|
S Prime Growth Leasehold Real Estate Investment Trust
BK:SPRIME
|
$30.69 Million |
|
Toho Titanium Co Ltd
OTCQX:TTNMF
|
$30.69 Million |
|
LOOP INDUSTRIES DL-001
F:3L9
|
$30.66 Million |
|
Generations Bancorp NY Inc
NASDAQ:GBNY
|
$30.65 Million |
|
RHYTHM Biosciences Ltd
AU:RHY
|
$30.64 Million |
|
Ping Ho Environmental Technology Co., Ltd.
TW:6771
|
$30.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QES Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 184,126,000 to 195,688,000, a change of 11,562,000 (6.3%).
- Net income of 16,335,000 contributed positively to equity growth.
- Dividend payments of 2,502,000 reduced retained earnings.
- Share repurchases of 510,000 reduced equity.
- Other comprehensive income decreased equity by 3,029,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM16.34 Million | +8.35% |
| Dividends Paid | RM2.50 Million | -1.28% |
| Share Repurchases | RM510.00K | -0.26% |
| Other Comprehensive Income | RM-3.03 Million | -1.55% |
| Other Changes | RM1.27 Million | +0.65% |
| Total Change | RM- | 6.28% |
Book Value vs Market Value Analysis
This analysis compares QES 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: 1.64x
- 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 7.63x to 1.64x 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 | RM0.05 | RM0.39 | x |
| 2017-12-31 | RM0.08 | RM0.39 | x |
| 2018-12-31 | RM0.12 | RM0.39 | x |
| 2019-12-31 | RM0.12 | RM0.39 | x |
| 2020-12-31 | RM0.14 | RM0.39 | x |
| 2021-12-31 | RM0.16 | RM0.39 | x |
| 2022-12-31 | RM0.19 | RM0.39 | x |
| 2023-12-31 | RM0.21 | RM0.39 | x |
| 2024-12-31 | RM0.22 | RM0.39 | x |
| 2025-12-31 | RM0.23 | RM0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QES 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): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.12%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.66x
- Recent ROE (8.35%) is below the historical average (16.52%), 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 | 32.38% | 5.54% | 1.63x | 3.58x | RM4.90 Million |
| 2016 | 30.92% | 6.89% | 1.48x | 3.03x | RM6.40 Million |
| 2017 | 32.29% | 7.87% | 1.68x | 2.44x | RM10.37 Million |
| 2018 | 16.03% | 7.29% | 1.26x | 1.75x | RM5.29 Million |
| 2019 | 3.71% | 2.05% | 1.07x | 1.69x | RM-5.60 Million |
| 2020 | 7.38% | 5.58% | 0.81x | 1.63x | RM-3.07 Million |
| 2021 | 13.99% | 8.52% | 0.97x | 1.70x | RM5.41 Million |
| 2022 | 16.62% | 9.99% | 1.05x | 1.58x | RM10.52 Million |
| 2023 | 10.61% | 7.67% | 0.87x | 1.58x | RM1.06 Million |
| 2024 | 9.40% | 6.42% | 0.86x | 1.70x | RM-1.10 Million |
| 2025 | 8.35% | 6.12% | 0.82x | 1.66x | RM-3.23 Million |
Industry Comparison
This section compares QES Group Bhd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $64,960,059
- Average return on equity (ROE) among peers: 7.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QES Group Bhd (0196) | RM199.80 Million | 32.38% | 0.62x | $30.66 Million |
| Pineapple Resources Bhd (0006) | $26.14 Million | -2.40% | 0.10x | $1.58 Million |
| Artroniq Berhad (0038) | $34.80 Million | 3.33% | 0.48x | $6.99 Million |
| Vsolar Group Bhd (0066) | $16.61 Million | -9.76% | 0.04x | $1.65 Million |
| YGL Convergence Bhd (0086) | $16.73 Million | -13.68% | 0.14x | $1.54 Million |
| Radiant Globaltech Bhd (0202) | $23.34 Million | 40.57% | 1.70x | $5.89 Million |
| Aco Group Bhd (0218) | $84.42 Million | 8.37% | 0.79x | $3.11 Million |
| SNS (0259) | $63.10 Million | 37.05% | 2.55x | $46.36 Million |
| Marco Holdings Bhd (3514) | $202.99 Million | 7.64% | 0.08x | $8.04 Million |
| Compugates Holdings Bhd (5037) | $116.50 Million | -5.34% | 0.61x | $4.53 Million |