QES Group Bhd (0196) - Net Assets

Latest as of June 2026: RM204.27 Million MYR ≈ $51.29 Million USD

Based on the latest financial reports, QES Group Bhd (0196) has net assets worth RM204.27 Million MYR (≈ $51.29 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM348.14 Million ≈ $87.41 Million USD) and total liabilities (RM143.87 Million ≈ $36.12 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 QES Group Bhd (0196) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM204.27 Million
% of Total Assets	58.68%
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. For live market cap and overall valuation, see QES Group Bhd market cap and net worth.

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. Also explore QES Group Bhd (0196) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM199.80 Million ≈ $50.16 Million	+6.26%
2024-12-31	RM188.02 Million ≈ $47.21 Million	+5.42%
2023-12-31	RM178.36 Million ≈ $44.78 Million	+9.67%
2022-12-31	RM162.63 Million ≈ $40.83 Million	+17.95%
2021-12-31	RM137.88 Million ≈ $34.62 Million	+17.56%
2020-12-31	RM117.28 Million ≈ $29.45 Million	+31.66%
2019-12-31	RM89.08 Million ≈ $22.36 Million	+1.47%
2018-12-31	RM87.79 Million ≈ $22.04 Million	+88.69%
2017-12-31	RM46.53 Million ≈ $11.68 Million	+52.08%
2016-12-31	RM30.59 Million ≈ $7.68 Million	+39.63%
2015-12-31	RM21.91 Million ≈ $5.50 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
Cashbil JSE:CSB	$110.83 Million
Schroders PLC LSE:SDR	$110.84 Million
Jaeyoung Solutec Co. Ltd KQ:049630	$110.84 Million
Tamil Nadu Newsprint & Papers Limited NSE:TNPL	$110.84 Million
Century Land Joint Stock Company VN:CRE	$110.81 Million
Digimarc Corporation NASDAQ:DMRC	$110.80 Million
CVC Income & Growth Limited LSE:CVCE	$110.78 Million
Reward Wool Industry Corp TW:1423	$110.67 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: 2.26x
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 10.51x to 2.26x 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	RM0.53	x
2017-12-31	RM0.08	RM0.53	x
2018-12-31	RM0.12	RM0.53	x
2019-12-31	RM0.12	RM0.53	x
2020-12-31	RM0.14	RM0.53	x
2021-12-31	RM0.16	RM0.53	x
2022-12-31	RM0.19	RM0.53	x
2023-12-31	RM0.21	RM0.53	x
2024-12-31	RM0.22	RM0.53	x
2025-12-31	RM0.23	RM0.53	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: $97,564,495
Average return on equity (ROE) among peers: -3.46%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
QES Group Bhd (0196)	RM204.27 Million	32.38%	0.70x	$110.81 Million
Pineapple Resources Bhd (0006)	$22.33 Million	-16.77%	0.36x	$10.47 Million
Artroniq Berhad (0038)	$33.81 Million	4.57%	0.63x	$14.08 Million
Vsolar Group Bhd (0066)	$102.47 Million	-33.81%	0.02x	$4.37 Million
YGL Convergence Bhd (0086)	$13.11 Million	-0.59%	0.34x	$6.18 Million
Radiant Globaltech Bhd (0202)	$58.62 Million	5.11%	0.26x	$25.80 Million
Aco Group Bhd (0218)	$92.10 Million	3.28%	0.72x	$13.52 Million
SNS (0259)	$221.00 Million	19.78%	0.79x	$213.92 Million
Marco Holdings Bhd (3514)	$181.63 Million	7.57%	0.07x	$27.79 Million
Compugates Holdings Bhd (5037)	$153.00 Million	-20.26%	0.48x	$22.79 Million

About QES Group Bhd

KLSE:0196 Malaysia Electronics & Computer Distribution

Market Cap

$110.81 Million

RM441.36 Million MYR

Market Cap Rank

#18883 Global

#310 in Malaysia

Share Price

RM0.53

Change (1 day)

-1.85%

52-Week Range

RM0.34 - RM0.62

All Time High

RM0.92