Alcom Group Bhd
Alcom Group Berhad, an investment holding company, manufactures and trades aluminum sheet and coils products in Malaysia, the United States, Thailand, India, rest of Asia, Europe, the Middle East, and internationally. It operates through four segments: Manufacturing, Property Development, Construction, and Investment Holding. The company offers aluminum specialty products, such as truck bed cover… Read more
Alcom Group Bhd (2674) - Net Assets
Latest net assets as of September 2025: RM207.50 Million MYR
Based on the latest financial reports, Alcom Group Bhd (2674) has net assets worth RM207.50 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 (RM832.84 Million) and total liabilities (RM625.34 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 | RM207.50 Million |
| % of Total Assets | 24.91% |
| Annual Growth Rate | 2.18% |
| 5-Year Change | 87.78% |
| 10-Year Change | 41.35% |
| Growth Volatility | 18.31 |
Alcom Group Bhd - Net Assets Trend (2013–2025)
This chart illustrates how Alcom 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 Alcom Group Bhd (2013–2025)
The table below shows the annual net assets of Alcom Group Bhd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM231.82 Million | -4.71% |
| 2024-03-31 | RM243.27 Million | +5.74% |
| 2023-03-31 | RM230.07 Million | +47.56% |
| 2022-03-31 | RM155.91 Million | +26.29% |
| 2021-03-31 | RM123.45 Million | +1.08% |
| 2020-03-31 | RM122.14 Million | -0.23% |
| 2019-03-31 | RM122.42 Million | +3.51% |
| 2018-03-31 | RM118.27 Million | -32.90% |
| 2017-03-31 | RM176.25 Million | +7.47% |
| 2016-03-31 | RM164.00 Million | -2.38% |
| 2015-03-31 | RM168.00 Million | -5.08% |
| 2014-03-31 | RM177.00 Million | -1.12% |
| 2013-03-31 | RM179.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alcom 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 429.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM127.12 Million | 54.82% |
| Other Components | RM104.78 Million | 45.18% |
| Total Equity | RM231.90 Million | 100.00% |
Alcom Group Bhd Competitors by Market Cap
The table below lists competitors of Alcom Group Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GP-Act III Acquisition Corp. Warrants
NASDAQ:GPATW
|
$5.32 Million |
|
Reunert
JSE:RLO
|
$5.32 Million |
|
Pelayaran Nasional Bina Buana Raya
JK:BBRM
|
$5.32 Million |
|
Murudeshwar Ceramics Limited
NSE:MURUDCERA
|
$5.32 Million |
|
ALX Uranium Corp
V:AL
|
$5.31 Million |
|
EVOL.ENERGY MIN.LTD
F:P77
|
$5.31 Million |
|
PT Grahaprima Suksesmandiri Tb
JK:GTRA
|
$5.31 Million |
|
Corella Resources Ltd
AU:CR9
|
$5.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alcom Group Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 243,270,000 to 231,902,000, a change of -11,368,000 (-4.7%).
- Net loss of 3,930,000 reduced equity.
- Dividend payments of 5,373,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-3.93 Million | -1.69% |
| Dividends Paid | RM5.37 Million | -2.32% |
| Other Changes | RM-2.06 Million | -0.89% |
| Total Change | RM- | -4.67% |
Book Value vs Market Value Analysis
This analysis compares Alcom 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: 0.41x
- 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 0.53x to 0.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | RM1.33 | RM0.70 | x |
| 2018-03-31 | RM0.89 | RM0.70 | x |
| 2019-03-31 | RM0.91 | RM0.70 | x |
| 2020-03-31 | RM0.91 | RM0.70 | x |
| 2021-03-31 | RM0.92 | RM0.70 | x |
| 2022-03-31 | RM1.16 | RM0.70 | x |
| 2023-03-31 | RM1.71 | RM0.70 | x |
| 2024-03-31 | RM1.81 | RM0.70 | x |
| 2025-03-31 | RM1.73 | RM0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alcom 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): -1.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.63%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.82x
- Recent ROE (-1.69%) is below the historical average (7.98%), 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 | 1.22% | 0.70% | 1.39x | 1.25x | RM-14.46 Million |
| 2017 | 6.59% | 3.66% | 1.42x | 1.27x | RM-6.02 Million |
| 2018 | 8.16% | 3.39% | 1.18x | 2.05x | RM-2.17 Million |
| 2019 | 2.81% | 0.89% | 1.16x | 2.72x | RM-8.81 Million |
| 2020 | 0.26% | 0.09% | 1.00x | 3.06x | RM-11.89 Million |
| 2021 | 1.07% | 0.42% | 0.78x | 3.31x | RM-11.03 Million |
| 2022 | 20.86% | 5.43% | 1.11x | 3.45x | RM16.93 Million |
| 2023 | 33.69% | 7.94% | 1.95x | 2.18x | RM54.50 Million |
| 2024 | 6.88% | 2.50% | 1.43x | 1.93x | RM-7.58 Million |
| 2025 | -1.69% | -0.63% | 0.95x | 2.82x | RM-27.12 Million |
Industry Comparison
This section compares Alcom Group Bhd's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $196,805,979
- Average return on equity (ROE) among peers: 8.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alcom Group Bhd (2674) | RM207.50 Million | 1.22% | 3.01x | $5.31 Million |
| WINSTAR CAPITAL BERHAD (0336) | $49.90 Million | 5.26% | 1.39x | $142.65K |
| A Rank Bhd (7214) | $133.92 Million | 8.32% | 0.47x | $2.96 Million |
| Press Metal Bhd (8869) | $240.55 Million | 8.22% | 2.09x | $6.37 Billion |
| LB Aluminium Bhd (9326) | $362.85 Million | 11.50% | 1.33x | $20.66 Million |