Alcom Group Bhd (2674) - Net Assets
Based on the latest financial reports, Alcom Group Bhd (2674) has net assets worth RM207.50 Million MYR (≈ $52.10 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 (RM832.84 Million ≈ $209.10 Million USD) and total liabilities (RM625.34 Million ≈ $157.00 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 Alcom Group Bhd (2674) asset resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore Alcom Group Bhd total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is Alcom Group Bhd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM231.82 Million ≈ $58.20 Million |
-4.71% |
| 2024-03-31 | RM243.27 Million ≈ $61.08 Million |
+5.74% |
| 2023-03-31 | RM230.07 Million ≈ $57.76 Million |
+47.56% |
| 2022-03-31 | RM155.91 Million ≈ $39.14 Million |
+26.29% |
| 2021-03-31 | RM123.45 Million ≈ $31.00 Million |
+1.08% |
| 2020-03-31 | RM122.14 Million ≈ $30.66 Million |
-0.23% |
| 2019-03-31 | RM122.42 Million ≈ $30.74 Million |
+3.51% |
| 2018-03-31 | RM118.27 Million ≈ $29.69 Million |
-32.90% |
| 2017-03-31 | RM176.25 Million ≈ $44.25 Million |
+7.47% |
| 2016-03-31 | RM164.00 Million ≈ $41.17 Million |
-2.38% |
| 2015-03-31 | RM168.00 Million ≈ $42.18 Million |
-5.08% |
| 2014-03-31 | RM177.00 Million ≈ $44.44 Million |
-1.12% |
| 2013-03-31 | RM179.00 Million ≈ $44.94 Million |
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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 |
|---|---|
|
Siab Holdings Bhd
KLSE:0241
|
$23.44 Million |
|
Asia Economy Daily Co Ltd
KQ:127710
|
$23.44 Million |
|
Advanced Connection Corporation Public Company Limited
BK:ACC
|
$23.44 Million |
|
Sareum Hldgs Plc
LSE:SAR
|
$23.47 Million |
|
Logic Instrume
PA:ALLOG
|
$23.44 Million |
|
SMRT Holdings Bhd
KLSE:0117
|
$23.44 Million |
|
Moong Pattana International Public Company Limited
BK:MOONG
|
$23.43 Million |
|
AJ Advance Technology Public Company Limited
BK:AJA
|
$23.41 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: 0.40x
- 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 0.52x to 0.40x 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: $245,775,773
- Average return on equity (ROE) among peers: 9.34%
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 | $23.44 Million |
| A Rank Bhd (7214) | $133.92 Million | 8.32% | 0.47x | $17.50 Million |
| Press Metal Bhd (8869) | $240.55 Million | 8.22% | 2.09x | $18.62 Billion |
| LB Aluminium Bhd (9326) | $362.85 Million | 11.50% | 1.33x | $53.50 Million |
About 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