Zelan Bhd
Zelan Berhad, an investment holding company, engages in the engineering and construction in Malaysia, Indonesia, the United Arab Emirates, and the Kingdom of Saudi Arabia. It operates through Engineering and Construction; Property and Development; Asset Facility Management; and Investment segments. The company constructs power plants, marine ports and jetties, airports, bridges, roads, and highwa… Read more
Zelan Bhd (2283) - Net Assets
Latest net assets as of September 2025: RM-148.53 Million MYR
Based on the latest financial reports, Zelan Bhd (2283) has net assets worth RM-148.53 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 (RM398.51 Million) and total liabilities (RM547.04 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 | RM-148.53 Million |
| % of Total Assets | -37.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | -205.41% |
| 10-Year Change | -145.25% |
| Growth Volatility | 59.06 |
Zelan Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Zelan 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 Zelan Bhd (2012–2024)
The table below shows the annual net assets of Zelan Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM-92.77 Million | -159.50% |
| 2023-12-31 | RM155.92 Million | +81.47% |
| 2022-12-31 | RM85.92 Million | +1.96% |
| 2021-12-31 | RM84.27 Million | -4.24% |
| 2020-12-31 | RM88.00 Million | +60.84% |
| 2019-12-31 | RM54.71 Million | +23.64% |
| 2018-12-31 | RM44.25 Million | -36.13% |
| 2017-12-31 | RM69.28 Million | -47.51% |
| 2016-12-31 | RM131.99 Million | -35.61% |
| 2015-12-31 | RM205.00 Million | +15.82% |
| 2014-12-31 | RM177.00 Million | +29.20% |
| 2013-12-31 | RM137.00 Million | -3.52% |
| 2012-12-31 | RM142.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zelan 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 473.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | RM84.50 Million | % |
| Total Equity | RM-92.77 Million | 100.00% |
Zelan Bhd Competitors by Market Cap
The table below lists competitors of Zelan Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Youxin Technology Ltd Class A Ordinary shares
NASDAQ:YAAS
|
$3.32 Million |
|
Catalina Resources Ltd
AU:CTN
|
$3.33 Million |
|
Sterling Infrastructure Inc
STU:UAO
|
$3.33 Million |
|
Wicket Gaming AB
OTCQB:WIGAF
|
$3.33 Million |
|
Emira Property Fund
JSE:EMI
|
$3.32 Million |
|
Sieu Thanh JSC
VN:ST8
|
$3.32 Million |
|
Eastern International Ltd.
NASDAQ:ELOG
|
$3.32 Million |
|
Verity Resources Ltd
AU:VRL
|
$3.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zelan Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 155,922,000 to -92,766,000, a change of -248,688,000 (-159.5%).
- Net loss of 252,234,000 reduced equity.
- Other factors increased equity by 3,546,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-252.23 Million | -271.9% |
| Other Changes | RM3.55 Million | +3.82% |
| Total Change | RM- | -159.50% |
Book Value vs Market Value Analysis
This analysis compares Zelan 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.16 | RM0.04 | x |
| 2017-12-31 | RM0.08 | RM0.04 | x |
| 2018-12-31 | RM0.05 | RM0.04 | x |
| 2019-12-31 | RM0.06 | RM0.04 | x |
| 2020-12-31 | RM0.10 | RM0.04 | x |
| 2021-12-31 | RM0.10 | RM0.04 | x |
| 2022-12-31 | RM0.10 | RM0.04 | x |
| 2023-12-31 | RM0.18 | RM0.04 | x |
| 2024-12-31 | RM-0.11 | RM0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zelan 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -627.67%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-12.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -51.23% | -30.35% | 0.25x | 6.63x | RM-80.82 Million |
| 2017 | -106.91% | -104.46% | 0.09x | 11.67x | RM-81.00 Million |
| 2018 | -53.31% | -32.53% | 0.09x | 18.50x | RM-28.02 Million |
| 2019 | 18.77% | 12.71% | 0.10x | 14.79x | RM4.80 Million |
| 2020 | 41.15% | 69.74% | 0.06x | 9.63x | RM27.41 Million |
| 2021 | 3.73% | 6.84% | 0.05x | 10.25x | RM-5.28 Million |
| 2022 | -6.53% | -10.73% | 0.07x | 9.33x | RM-14.20 Million |
| 2023 | 41.93% | 215.51% | 0.04x | 4.88x | RM49.79 Million |
| 2024 | 0.00% | -627.67% | 0.09x | 0.00x | RM-242.96 Million |
Industry Comparison
This section compares Zelan 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 |
|---|---|---|---|---|
| Zelan Bhd (2283) | RM-148.53 Million | -51.23% | N/A | $3.32 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 |