Pekat Group Bhd
Pekat Group Berhad, through its subsidiaries, engages in the design, supply, and installation of solar photovoltaic systems and power plants in Malaysia. It supplies and installs earthing and lighting protection systems for buildings, facilities, and structures, as well as acts as a specialist subcontractors for earthing and lightning protection systems to contractors or mechanical and electrical… Read more
Pekat Group Bhd (0233) - Net Assets
Latest net assets as of June 2025: RM222.87 Million MYR
Based on the latest financial reports, Pekat Group Bhd (0233) has net assets worth RM222.87 Million MYR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM493.14 Million) and total liabilities (RM270.27 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 | RM222.87 Million |
| % of Total Assets | 45.19% |
| Annual Growth Rate | 31.79% |
| 5-Year Change | 80.46% |
| 10-Year Change | N/A |
| Growth Volatility | 37.26 |
Pekat Group Bhd - Net Assets Trend (2018–2024)
This chart illustrates how Pekat 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 Pekat Group Bhd (2018–2024)
The table below shows the annual net assets of Pekat Group Bhd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM195.34 Million | +42.82% |
| 2023-12-31 | RM136.78 Million | +5.64% |
| 2022-12-31 | RM129.47 Million | +8.39% |
| 2021-12-31 | RM119.45 Million | +10.35% |
| 2020-12-31 | RM108.25 Million | +113.08% |
| 2019-12-31 | RM50.80 Million | +36.31% |
| 2018-12-31 | RM37.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pekat 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 213.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM115.23 Million | 72.62% |
| Other Components | RM43.44 Million | 27.38% |
| Total Equity | RM158.66 Million | 100.00% |
Pekat Group Bhd Competitors by Market Cap
The table below lists competitors of Pekat Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loop Telecommunication International Inc
TW:3025
|
$77.34 Million |
|
Landmark Cars Limited
NSE:LANDMARK
|
$77.39 Million |
|
Brockhaus Capital Management AG
F:BKHT
|
$77.40 Million |
|
TS Corporation
KO:001790
|
$77.41 Million |
|
Lhyfe SA
PINK:LHYFF
|
$77.31 Million |
|
3-D Matrix Ltd
PINK:DMTRF
|
$77.30 Million |
|
Power Metals Corp
OTCQB:PWRMF
|
$77.30 Million |
|
TUL Corporation
TWO:6150
|
$77.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pekat Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 136,661,761 to 158,663,063, a change of 22,001,302 (16.1%).
- Net income of 22,000,871 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM22.00 Million | +13.87% |
| Other Changes | RM431.00 | +0.0% |
| Total Change | RM- | 16.10% |
Book Value vs Market Value Analysis
This analysis compares Pekat 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: 5.12x
- 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 21.78x to 5.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | RM0.06 | RM1.26 | x |
| 2019-12-31 | RM0.08 | RM1.26 | x |
| 2020-12-31 | RM0.17 | RM1.26 | x |
| 2021-12-31 | RM0.19 | RM1.26 | x |
| 2022-12-31 | RM0.20 | RM1.26 | x |
| 2023-12-31 | RM0.21 | RM1.26 | x |
| 2024-12-31 | RM0.25 | RM1.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pekat 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): 13.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.67%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.73x
- Recent ROE (13.87%) is below the historical average (16.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 29.74% | 9.24% | 1.35x | 2.39x | RM7.37 Million |
| 2019 | 29.16% | 12.38% | 1.22x | 1.94x | RM9.72 Million |
| 2020 | 12.55% | 10.81% | 0.74x | 1.56x | RM2.76 Million |
| 2021 | 10.61% | 7.09% | 0.89x | 1.68x | RM724.00K |
| 2022 | 7.76% | 5.60% | 0.95x | 1.47x | RM-2.90 Million |
| 2023 | 10.04% | 6.03% | 1.25x | 1.33x | RM57.95K |
| 2024 | 13.87% | 7.67% | 0.66x | 2.73x | RM6.13 Million |
Industry Comparison
This section compares Pekat Group Bhd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $91,021,644
- Average return on equity (ROE) among peers: 9.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pekat Group Bhd (0233) | RM222.87 Million | 29.74% | 1.21x | $77.34 Million |
| Trive Property Group Bhd (0118) | $115.78 Million | 1.87% | 0.09x | $3.58 Million |
| Solarvest Holdings Bhd (0215) | $66.26 Million | 16.79% | 0.85x | $263.73 Million |