Nestcon Bhd (0235) - Net Assets
Based on the latest financial reports, Nestcon Bhd (0235) has net assets worth RM166.78 Million MYR (≈ $41.87 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM801.93 Million ≈ $201.34 Million USD) and total liabilities (RM635.15 Million ≈ $159.46 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 Nestcon Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM166.78 Million |
| % of Total Assets | 20.8% |
| Annual Growth Rate | 25.41% |
| 5-Year Change | 105.56% |
| 10-Year Change | N/A |
| Growth Volatility | 27.5 |
Nestcon Bhd - Net Assets Trend (2017–2024)
This chart illustrates how Nestcon Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Nestcon Bhd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Nestcon Bhd (2017–2024)
The table below shows the annual net assets of Nestcon Bhd from 2017 to 2024. For live valuation and market cap data, see Nestcon Bhd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM148.51 Million ≈ $37.29 Million |
+14.45% |
| 2023-12-31 | RM129.76 Million ≈ $32.58 Million |
+6.68% |
| 2022-12-31 | RM121.63 Million ≈ $30.54 Million |
-4.64% |
| 2021-12-31 | RM127.54 Million ≈ $32.02 Million |
+76.54% |
| 2020-12-31 | RM72.24 Million ≈ $18.14 Million |
+24.68% |
| 2019-12-31 | RM57.94 Million ≈ $14.55 Million |
+61.48% |
| 2018-12-31 | RM35.88 Million ≈ $9.01 Million |
+17.93% |
| 2017-12-31 | RM30.43 Million ≈ $7.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nestcon 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 13.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM22.03 Million | 14.83% |
| Common Stock | RM126.48 Million | 85.17% |
| Total Equity | RM148.51 Million | 100.00% |
Nestcon Bhd Competitors by Market Cap
The table below lists competitors of Nestcon Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guillemot Corporation S.A.
PA:GUI
|
$68.47 Million |
|
Cumberland Pharmaceuticals Inc
NASDAQ:CPIX
|
$68.47 Million |
|
Cape EMS Berhad
KLSE:5311
|
$68.49 Million |
|
Conrad Asia Energy Ltd
AU:CRD
|
$68.50 Million |
|
Shinwon
KO:009270
|
$68.41 Million |
|
TY Holdings Co Ltd
KO:363280
|
$68.32 Million |
|
Sekar Laut Tbk
JK:SKLT
|
$68.32 Million |
|
De Poan Pneumatic
TWO:1570
|
$68.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nestcon Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 129,758,180 to 148,507,510, a change of 18,749,330 (14.4%).
- Net income of 7,859,400 contributed positively to equity growth.
- Share repurchases of 10,889,930 reduced equity.
- New share issuances of 10,889,930 increased equity.
- Other factors increased equity by 10,889,930.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM7.86 Million | +5.29% |
| Share Repurchases | RM10.89 Million | -7.33% |
| Share Issuances | RM10.89 Million | +7.33% |
| Other Changes | RM10.89 Million | +7.33% |
| Total Change | RM- | 14.45% |
Book Value vs Market Value Analysis
This analysis compares Nestcon 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: 1.68x
- 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 7.41x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | RM0.05 | RM0.35 | x |
| 2018-12-31 | RM0.06 | RM0.35 | x |
| 2019-12-31 | RM0.09 | RM0.35 | x |
| 2020-12-31 | RM0.11 | RM0.35 | x |
| 2021-12-31 | RM0.20 | RM0.35 | x |
| 2022-12-31 | RM0.18 | RM0.35 | x |
| 2023-12-31 | RM0.19 | RM0.35 | x |
| 2024-12-31 | RM0.21 | RM0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nestcon 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): 5.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.94%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 5.22x
- Recent ROE (5.29%) is below the historical average (11.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 18.02% | 2.87% | 1.08x | 5.82x | RM2.44 Million |
| 2018 | 20.77% | 3.42% | 0.98x | 6.19x | RM3.87 Million |
| 2019 | 25.17% | 3.45% | 1.29x | 5.66x | RM8.79 Million |
| 2020 | 19.80% | 4.15% | 1.01x | 4.74x | RM7.08 Million |
| 2021 | 9.57% | 3.41% | 0.89x | 3.16x | RM-542.80K |
| 2022 | -12.62% | -3.33% | 0.88x | 4.29x | RM-27.51 Million |
| 2023 | 2.69% | 0.45% | 1.10x | 5.44x | RM-9.48 Million |
| 2024 | 5.29% | 0.94% | 1.08x | 5.22x | RM-6.99 Million |
Industry Comparison
This section compares Nestcon Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $69,178,474
- Average return on equity (ROE) among peers: -9.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nestcon Bhd (0235) | RM166.78 Million | 18.02% | 3.81x | $68.46 Million |
| Southern Score Builders Berhad (0045) | $-6.44 Million | 0.00% | 0.00x | $313.81 Million |
| Ecobuilt Holdings Bhd (0059) | $71.09 Million | -1.93% | 0.04x | $3.17 Million |
| Mega Sun City Holdings Bhd (0081) | $50.82 Million | -3.25% | 0.01x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $40.78 Million | -60.22% | 0.77x | $9.80 Million |
| Kelington Group Bhd (0151) | $78.47 Million | 14.71% | 1.93x | $1.41 Billion |
| Widad Group Bhd (0162) | $17.64 Million | -16.51% | 0.17x | $7.84 Million |
| Pasukhas Group Bhd (0177) | $81.97 Million | 0.74% | 1.09x | $3.11 Million |
| HSS Engineers Bhd (0185) | $212.92 Million | -48.30% | 0.77x | $54.89 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $11.22 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $59.42 Million |
About Nestcon Bhd
Nestcon Berhad, an investment holding company, provides construction services in Malaysia. The company engages in the civil engineering and infrastructure projects, such as earthworks, land reclamation, roadworks, and railway and bridge infrastructure, as well as revetment construction; and building construction projects, including residential, commercial, industrial properties, and mixed develop… Read more