Warisan TC Holdings Bhd
Warisan TC Holdings Berhad, an investment holding company, provides travel and car rental, automotive, machinery, and consumer products and services in Malaysia. It operates through Machinery; Travel and Car Rental; Automotive; and Others segments. The Travel and Car Rental segment offers inbound and outbound tour, corporate travel, medical and education tourism, airline ticketing, car and coach … Read more
Warisan TC Holdings Bhd (5016) - Net Assets
Latest net assets as of September 2025: RM192.86 Million MYR
Based on the latest financial reports, Warisan TC Holdings Bhd (5016) has net assets worth RM192.86 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 (RM854.88 Million) and total liabilities (RM662.02 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 | RM192.86 Million |
| % of Total Assets | 22.56% |
| Annual Growth Rate | -1.22% |
| 5-Year Change | -15.14% |
| 10-Year Change | -29.19% |
| Growth Volatility | 7.52 |
Warisan TC Holdings Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Warisan TC Holdings 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 Warisan TC Holdings Bhd (2012–2024)
The table below shows the annual net assets of Warisan TC Holdings Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM232.97 Million | -5.13% |
| 2023-12-31 | RM245.57 Million | +4.89% |
| 2022-12-31 | RM234.12 Million | -3.33% |
| 2021-12-31 | RM242.18 Million | -11.78% |
| 2020-12-31 | RM274.52 Million | -15.27% |
| 2019-12-31 | RM324.01 Million | -3.46% |
| 2018-12-31 | RM335.63 Million | +1.62% |
| 2017-12-31 | RM330.29 Million | +3.24% |
| 2016-12-31 | RM319.94 Million | -2.76% |
| 2015-12-31 | RM329.00 Million | -0.30% |
| 2014-12-31 | RM330.00 Million | +10.00% |
| 2013-12-31 | RM300.00 Million | +11.11% |
| 2012-12-31 | RM270.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Warisan TC Holdings 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 65.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM87.91 Million | 37.73% |
| Common Stock | RM67.20 Million | 28.84% |
| Other Components | RM77.87 Million | 33.42% |
| Total Equity | RM232.97 Million | 100.00% |
Warisan TC Holdings Bhd Competitors by Market Cap
The table below lists competitors of Warisan TC Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Centaurus Energy Inc
PINK:CTARF
|
$1.39 Million |
|
WORK Medical Technology Group LTD Ordinary Shares
NASDAQ:WOK
|
$1.39 Million |
|
Rav Bariach 08 Industries Ltd
TA:BRIH
|
$1.39 Million |
|
GRAND CANYON ED
BE:GKD
|
$1.39 Million |
|
Avada Group Ltd
AU:AVD
|
$1.39 Million |
|
Sky Tower Public Company Limited
BK:STOWER
|
$1.39 Million |
|
Everlast Minerals Ltd.
AU:EV8
|
$1.39 Million |
|
South HARZ Potash Ltd
AU:SHP
|
$1.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Warisan TC Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 245,567,000 to 232,973,000, a change of -12,594,000 (-5.1%).
- Net loss of 14,274,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-14.27 Million | -6.13% |
| Other Changes | RM1.68 Million | +0.72% |
| Total Change | RM- | -5.13% |
Book Value vs Market Value Analysis
This analysis compares Warisan TC Holdings 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: 0.20x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM4.91 | RM0.71 | x |
| 2017-12-31 | RM5.07 | RM0.71 | x |
| 2018-12-31 | RM5.16 | RM0.71 | x |
| 2019-12-31 | RM4.98 | RM0.71 | x |
| 2020-12-31 | RM4.22 | RM0.71 | x |
| 2021-12-31 | RM3.72 | RM0.71 | x |
| 2022-12-31 | RM3.60 | RM0.71 | x |
| 2023-12-31 | RM3.77 | RM0.71 | x |
| 2024-12-31 | RM3.58 | RM0.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Warisan TC Holdings 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): -6.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.88%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 3.63x
- Recent ROE (-6.13%) is below the historical average (-4.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.30% | 0.22% | 0.58x | 2.34x | RM-31.97 Million |
| 2016 | -1.57% | -1.13% | 0.56x | 2.49x | RM-37.03 Million |
| 2017 | 1.44% | 0.97% | 0.62x | 2.40x | RM-28.29 Million |
| 2018 | 2.23% | 1.51% | 0.62x | 2.40x | RM-26.07 Million |
| 2019 | -2.10% | -1.54% | 0.55x | 2.49x | RM-39.19 Million |
| 2020 | -23.23% | -21.60% | 0.43x | 2.50x | RM-91.23 Million |
| 2021 | -13.40% | -8.96% | 0.55x | 2.74x | RM-56.66 Million |
| 2022 | -4.93% | -2.40% | 0.73x | 2.79x | RM-34.95 Million |
| 2023 | -0.72% | -0.39% | 0.63x | 2.96x | RM-26.33 Million |
| 2024 | -6.13% | -2.88% | 0.59x | 3.63x | RM-37.57 Million |
Industry Comparison
This section compares Warisan TC Holdings Bhd's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $2,612,093,375
- Average return on equity (ROE) among peers: -4.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Warisan TC Holdings Bhd (5016) | RM192.86 Million | 0.30% | 3.43x | $1.39 Million |
| Digistar Corporation Bhd (0029) | $64.23 Million | 20.26% | 5.59x | $1.85 Million |
| Key Alliance Group Bhd (0036) | $41.31 Million | -10.37% | 0.81x | $1.39 Million |
| MSCM Holdings Bhd (0041) | $30.95 Million | 18.15% | 0.52x | $1.48 Million |
| Asdion Bhd (0068) | $11.85 Million | -65.79% | 0.48x | $1.33 Million |
| EA Holdings Bhd (0154) | $121.62 Million | -44.30% | 0.11x | $3.07 Million |
| Sports Toto Berhad (1562) | $1.25 Billion | 18.98% | 2.20x | $173.30 Million |
| Batu Kawan Bhd (1899) | $8.87 Billion | 5.88% | 0.60x | $248.59 Million |
| Hap Seng Consolidated Bhd (3034) | $6.42 Billion | 17.20% | 0.90x | $288.24 Million |
| Berjaya Assets Bhd (3239) | $2.01 Billion | -6.15% | 0.63x | $25.63 Million |
| IJM Corporation Bhd (3336) | $7.30 Billion | 5.77% | 1.07x | $1.78 Billion |