TCS Group Holdings Bhd
TCS Group Holdings Berhad, an investment holding company, provides construction services for buildings, infrastructure, civil, and structural works in Malaysia. The company's services cover residential buildings, including terrace houses, bungalows, apartments, and condominiums; commercial buildings, such as shop offices, shopping complexes, and purpose-built buildings; and civil works comprising… Read more
TCS Group Holdings Bhd (0221) - Net Assets
Latest net assets as of September 2025: RM86.42 Million MYR
Based on the latest financial reports, TCS Group Holdings Bhd (0221) has net assets worth RM86.42 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM247.91 Million) and total liabilities (RM161.49 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 | RM86.42 Million |
| % of Total Assets | 34.86% |
| Annual Growth Rate | 26.77% |
| 5-Year Change | 5.65% |
| 10-Year Change | N/A |
| Growth Volatility | 34.04 |
TCS Group Holdings Bhd - Net Assets Trend (2016–2024)
This chart illustrates how TCS Group Holdings 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 TCS Group Holdings Bhd (2016–2024)
The table below shows the annual net assets of TCS Group Holdings Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM78.60 Million | +37.81% |
| 2023-12-31 | RM57.03 Million | -30.61% |
| 2022-12-31 | RM82.20 Million | -3.95% |
| 2021-12-31 | RM85.58 Million | +15.04% |
| 2020-12-31 | RM74.39 Million | +77.60% |
| 2019-12-31 | RM41.89 Million | +60.79% |
| 2018-12-31 | RM26.05 Million | +38.11% |
| 2017-12-31 | RM18.86 Million | +60.08% |
| 2016-12-31 | RM11.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TCS Group Holdings 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 69.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM3.28 Million | 4.17% |
| Common Stock | RM75.32 Million | 95.83% |
| Total Equity | RM78.60 Million | 100.00% |
TCS Group Holdings Bhd Competitors by Market Cap
The table below lists competitors of TCS Group Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cemacon Zalau
RO:CEON
|
$2.21 Million |
|
PNE PCB Bhd
KLSE:6637
|
$2.21 Million |
|
Wah Fu Education Group Ltd
NASDAQ:WAFU
|
$2.21 Million |
|
Morixe Hermanos S.A. 5 Votes
BA:MORI5
|
$2.21 Million |
|
Kuke Music Holding Ltd
NYSE:KUKE
|
$2.21 Million |
|
U Power Limited Ordinary Shares
NASDAQ:UCAR
|
$2.21 Million |
|
HIKARI TSUSHIN - Dusseldorf Stock Exchang
DU:HIK
|
$2.21 Million |
|
Sakol Energy Public Company Limited
BK:SKE
|
$2.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TCS Group Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 57,033,550 to 78,595,540, a change of 21,561,990 (37.8%).
- Net income of 1,433,770 contributed positively to equity growth.
- Share repurchases of 20,592,510 reduced equity.
- New share issuances of 20,592,513 increased equity.
- Other factors increased equity by 20,128,217.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.43 Million | +1.82% |
| Share Repurchases | RM20.59 Million | -26.2% |
| Share Issuances | RM20.59 Million | +26.2% |
| Other Changes | RM20.13 Million | +25.61% |
| Total Change | RM- | 37.81% |
Book Value vs Market Value Analysis
This analysis compares TCS Group Holdings 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: 0.69x
- 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 2.06x to 0.69x 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 | RM0.04 | RM0.09 | x |
| 2017-12-31 | RM0.07 | RM0.09 | x |
| 2018-12-31 | RM0.10 | RM0.09 | x |
| 2019-12-31 | RM0.16 | RM0.09 | x |
| 2020-12-31 | RM0.12 | RM0.09 | x |
| 2021-12-31 | RM0.13 | RM0.09 | x |
| 2022-12-31 | RM0.12 | RM0.09 | x |
| 2023-12-31 | RM0.12 | RM0.09 | x |
| 2024-12-31 | RM0.13 | RM0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TCS Group Holdings 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): 1.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.36%
- • Asset Turnover: 1.62x
- • Equity Multiplier: 3.09x
- Recent ROE (1.82%) is below the historical average (12.81%), 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 | 43.21% | 4.91% | 1.92x | 4.57x | RM3.91 Million |
| 2017 | 32.76% | 8.62% | 1.18x | 3.21x | RM4.29 Million |
| 2018 | 37.19% | 6.62% | 1.09x | 5.17x | RM7.08 Million |
| 2019 | 37.38% | 4.37% | 2.22x | 3.85x | RM11.47 Million |
| 2020 | 21.74% | 6.66% | 1.35x | 2.42x | RM8.73 Million |
| 2021 | 2.91% | 1.22% | 1.12x | 2.12x | RM-6.07 Million |
| 2022 | -4.11% | -1.29% | 1.16x | 2.75x | RM-11.60 Million |
| 2023 | -57.60% | -8.77% | 1.52x | 4.32x | RM-38.56 Million |
| 2024 | 1.82% | 0.36% | 1.62x | 3.09x | RM-6.43 Million |
Industry Comparison
This section compares TCS Group Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $122,625,026
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TCS Group Holdings Bhd (0221) | RM86.42 Million | 43.21% | 1.87x | $2.21 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $86.27 Million |