Protasco Bhd (5070) - Net Assets

Latest as of March 2026: RM478.42 Million MYR ≈ $120.12 Million USD

Based on the latest financial reports, Protasco Bhd (5070) has net assets worth RM478.42 Million MYR (≈ $120.12 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM918.23 Million ≈ $230.54 Million USD) and total liabilities (RM439.80 Million ≈ $110.42 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 Protasco Bhd tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM478.42 Million
% of Total Assets	52.1%
Annual Growth Rate	-0.18%
5-Year Change	23.7%
10-Year Change	-0.48%
Growth Volatility	9.59

Protasco Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Protasco Bhd's net assets have evolved over time, based on quarterly financial data. See Protasco Bhd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Protasco Bhd (2012–2025)

The table below shows the annual net assets of Protasco Bhd from 2012 to 2025. For live valuation and market cap data, see Protasco Bhd (5070) total market value.

Year	Net Assets	Change
2025-12-31	RM390.82 Million ≈ $98.12 Million	+2.02%
2024-12-31	RM383.08 Million ≈ $96.18 Million	+13.92%
2023-12-31	RM336.26 Million ≈ $84.42 Million	+17.19%
2022-12-31	RM286.92 Million ≈ $72.04 Million	-9.19%
2021-12-31	RM315.94 Million ≈ $79.32 Million	+3.89%
2020-12-31	RM304.12 Million ≈ $76.35 Million	-8.01%
2019-12-31	RM330.61 Million ≈ $83.01 Million	-0.54%
2018-12-31	RM332.40 Million ≈ $83.45 Million	-16.07%
2017-12-31	RM396.05 Million ≈ $99.44 Million	+0.86%
2016-12-31	RM392.68 Million ≈ $98.59 Million	-4.22%
2015-12-31	RM410.00 Million ≈ $102.94 Million	+9.04%
2014-12-31	RM376.00 Million ≈ $94.40 Million	-11.74%
2013-12-31	RM426.00 Million ≈ $106.95 Million	+6.50%
2012-12-31	RM400.00 Million ≈ $100.43 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Protasco 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 8.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM145.13 Million	37.14%
Common Stock	RM249.44 Million	63.82%
Total Equity	RM390.82 Million	100.00%

Protasco Bhd Competitors by Market Cap

The table below lists competitors of Protasco Bhd ranked by their market capitalization.

Company	Market Cap
CHINA NEW ENERGY LS-00025 F:9H5	$23.59 Million
Moong Pattana International Public Company Limited BK:MOONG	$23.63 Million
Litium AB (publ) ST:LITI	$23.63 Million
4Sight Holdings Ltd JSE:4SI	$23.66 Million
Helium Evolution Inc V:HEVI	$23.58 Million
Rubean AG F:R1B	$23.57 Million
Next Entertainment World Co. Ltd KQ:160550	$23.56 Million
Oncoinvent ASA OL:ONCIN	$23.56 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Protasco Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 320,760,000 to 390,817,000, a change of 70,057,000 (21.8%).
Net income of 70,363,000 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM70.36 Million	+18.0%
Other Changes	RM-306.00K	-0.08%
Total Change	RM-	21.84%

Book Value vs Market Value Analysis

This analysis compares Protasco 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: 0.24x
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	RM0.79	RM0.20	x
2017-12-31	RM0.80	RM0.20	x
2018-12-31	RM0.67	RM0.20	x
2019-12-31	RM0.68	RM0.20	x
2020-12-31	RM0.63	RM0.20	x
2021-12-31	RM0.66	RM0.20	x
2022-12-31	RM0.60	RM0.20	x
2023-12-31	RM0.61	RM0.20	x
2024-12-31	RM0.67	RM0.20	x
2025-12-31	RM0.81	RM0.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Protasco 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): 18.00%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.00%
• Asset Turnover: 1.28x
• Equity Multiplier: 2.82x
Recent ROE (18.00%) is above the historical average (3.46%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	17.84%	5.13%	1.07x	3.26x	RM29.43 Million
2016	10.79%	3.82%	0.80x	3.54x	RM3.12 Million
2017	7.09%	2.99%	0.89x	2.66x	RM-11.54 Million
2018	-14.47%	-5.32%	0.89x	3.04x	RM-81.35 Million
2019	1.90%	0.80%	0.73x	3.24x	RM-26.79 Million
2020	-8.30%	-2.53%	1.14x	2.88x	RM-55.64 Million
2021	5.28%	1.50%	1.23x	2.87x	RM-14.90 Million
2022	-10.24%	-3.32%	1.06x	2.91x	RM-58.07 Million
2023	2.27%	0.60%	1.26x	2.98x	RM-22.70 Million
2024	7.91%	1.99%	1.34x	2.98x	RM-6.70 Million
2025	18.00%	5.00%	1.28x	2.82x	RM31.28 Million

Industry Comparison

This section compares Protasco Bhd's net assets metrics with peer companies in the Infrastructure Operations industry.

Industry Context

Industry: Infrastructure Operations
Average net assets among peers: $601,437,987
Average return on equity (ROE) among peers: 4.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Protasco Bhd (5070)	RM478.42 Million	17.84%	0.92x	$23.58 Million
PLINTAS (5320)	$601.44 Million	4.80%	5.03x	$255.46 Million

About Protasco Bhd

KLSE:5070 Malaysia Infrastructure Operations

Market Cap

$23.58 Million

RM93.94 Million MYR

Market Cap Rank

#24590 Global

#646 in Malaysia

Share Price

RM0.20

Change (1 day)

+0.00%

52-Week Range

RM0.19 - RM0.29

All Time High

RM1.02