Warisan TC Holdings Bhd (5016) - Net Assets

Latest as of December 2025: RM170.43 Million MYR ≈ $42.79 Million USD

Based on the latest financial reports, Warisan TC Holdings Bhd (5016) has net assets worth RM170.43 Million MYR (≈ $42.79 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM859.96 Million ≈ $215.91 Million USD) and total liabilities (RM689.53 Million ≈ $173.12 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 Warisan TC Holdings Bhd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM170.43 Million
% of Total Assets	19.82%
Annual Growth Rate	-3.48%
5-Year Change	-29.63%
10-Year Change	-46.73%
Growth Volatility	10.0

Warisan TC Holdings Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Warisan TC Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Warisan TC Holdings Bhd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Warisan TC Holdings Bhd (2012–2025)

The table below shows the annual net assets of Warisan TC Holdings Bhd from 2012 to 2025. For live valuation and market cap data, see Warisan TC Holdings Bhd (5016) market capitalisation.

Year	Net Assets	Change
2025-12-31	RM170.43 Million ≈ $42.79 Million	-26.85%
2024-12-31	RM232.97 Million ≈ $58.49 Million	-5.13%
2023-12-31	RM245.57 Million ≈ $61.65 Million	+4.89%
2022-12-31	RM234.12 Million ≈ $58.78 Million	-3.33%
2021-12-31	RM242.18 Million ≈ $60.80 Million	-11.78%
2020-12-31	RM274.52 Million ≈ $68.92 Million	-15.27%
2019-12-31	RM324.01 Million ≈ $81.35 Million	-3.46%
2018-12-31	RM335.63 Million ≈ $84.27 Million	+1.62%
2017-12-31	RM330.29 Million ≈ $82.92 Million	+3.24%
2016-12-31	RM319.94 Million ≈ $80.33 Million	-2.76%
2015-12-31	RM329.00 Million ≈ $82.60 Million	-0.30%
2014-12-31	RM330.00 Million ≈ $82.85 Million	+10.00%
2013-12-31	RM300.00 Million ≈ $75.32 Million	+11.11%
2012-12-31	RM270.00 Million ≈ $67.79 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 58.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM107.44 Million	63.04%
Common Stock	RM67.20 Million	39.43%
Total Equity	RM170.43 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
Aalborg Boldspilklub A/S CO:AAB	$10.87 Million
ZincX Resources Corp V:ZNX	$10.87 Million
Eurasia Fonciere Investissements Société Anonyme PA:EFI	$10.87 Million
Clean Air Metals Inc V:AIR	$10.87 Million
Lianhe Sowell International Group Ltd Ordinary Shares NASDAQ:LHSW	$10.87 Million
VOGO SA PA:ALVGO	$10.86 Million
Nordic LEVEL Group AB ST:LEVEL	$10.86 Million
Rewardle Holdings Ltd AU:RXH	$10.85 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 2024 to 2025, total equity changed from 232,973,000 to 170,428,000, a change of -62,545,000 (-26.8%).
Net loss of 53,227,000 reduced equity.
Other factors decreased equity by 9,318,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-53.23 Million	-31.23%
Other Changes	RM-9.32 Million	-5.47%
Total Change	RM-	-26.85%

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: 0.25x
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 increased from 0.14x to 0.25x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM4.91	RM0.67	x
2017-12-31	RM5.07	RM0.67	x
2018-12-31	RM5.16	RM0.67	x
2019-12-31	RM4.98	RM0.67	x
2020-12-31	RM4.22	RM0.67	x
2021-12-31	RM3.72	RM0.67	x
2022-12-31	RM3.60	RM0.67	x
2023-12-31	RM3.77	RM0.67	x
2024-12-31	RM3.58	RM0.67	x
2025-12-31	RM2.62	RM0.67	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): -31.23%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -8.90%
• Asset Turnover: 0.70x
• Equity Multiplier: 5.05x
Recent ROE (-31.23%) is below the historical average (-7.21%), 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
2025	-31.23%	-8.90%	0.70x	5.05x	RM-70.27 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: $1,953,998,935
Average return on equity (ROE) among peers: -4.30%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Warisan TC Holdings Bhd (5016)	RM170.43 Million	0.30%	4.05x	$10.87 Million
Digistar Corporation Bhd (0029)	$55.11 Million	-5.17%	5.64x	$6.30 Million
Key Alliance Group Bhd (0036)	$112.06 Million	-18.37%	0.33x	$2.31 Million
MSCM Holdings Bhd (0041)	$300.56 Million	4.29%	0.18x	$14.11 Million
Asdion Bhd (0068)	$8.16 Million	-27.34%	1.22x	$1.92 Million
EA Holdings Bhd (0154)	$121.62 Million	-44.30%	0.11x	$8.10 Million
Sports Toto Berhad (1562)	$875.11 Million	20.71%	2.28x	$430.06 Million
Batu Kawan Bhd (1899)	$5.66 Billion	6.42%	2.85x	$2.00 Billion
Kuala Lumpur Kepong Bhd (2445)	$7.95 Billion	11.54%	0.48x	$5.65 Billion
Hap Seng Consolidated Bhd (3034)	$2.58 Billion	12.18%	1.15x	$1.79 Billion
Berjaya Assets Bhd (3239)	$1.87 Billion	-2.93%	0.66x	$205.54 Million

About Warisan TC Holdings Bhd

KLSE:5016 Malaysia Conglomerates

Market Cap

$10.87 Million

RM43.29 Million MYR

Market Cap Rank

#26833 Global

#832 in Malaysia

Share Price

RM0.67

Change (1 day)

+0.76%

52-Week Range

RM0.61 - RM1.22

All Time High

RM2.77