Wah Seong Corporation Bhd
Wasco Berhad provides energy solutions worldwide. The company operates through Energy Services, Bioenergy Services, Trading, and Others segments. It provides pipe coating and manufacturing activities; builds and operates offshore/onshore field development facilities; and provides specialized equipment and services to the power generation, oleochemical, and petrochemical industries, as well as man… Read more
Wah Seong Corporation Bhd (5142) - Net Assets
Latest net assets as of September 2025: RM984.21 Million MYR
Based on the latest financial reports, Wah Seong Corporation Bhd (5142) has net assets worth RM984.21 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 (RM2.42 Billion) and total liabilities (RM1.44 Billion). 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 | RM984.21 Million |
| % of Total Assets | 40.65% |
| Annual Growth Rate | -1.12% |
| 5-Year Change | 34.73% |
| 10-Year Change | -22.6% |
| Growth Volatility | 16.77 |
Wah Seong Corporation Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Wah Seong Corporation 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 Wah Seong Corporation Bhd (2012–2024)
The table below shows the annual net assets of Wah Seong Corporation Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM948.12 Million | +15.57% |
| 2023-12-31 | RM820.39 Million | +20.84% |
| 2022-12-31 | RM678.91 Million | +6.39% |
| 2021-12-31 | RM638.16 Million | -9.32% |
| 2020-12-31 | RM703.73 Million | -28.19% |
| 2019-12-31 | RM979.95 Million | +2.53% |
| 2018-12-31 | RM955.73 Million | +6.89% |
| 2017-12-31 | RM894.16 Million | +15.24% |
| 2016-12-31 | RM775.89 Million | -36.66% |
| 2015-12-31 | RM1.23 Billion | -3.39% |
| 2014-12-31 | RM1.27 Billion | +9.69% |
| 2013-12-31 | RM1.16 Billion | +6.54% |
| 2012-12-31 | RM1.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wah Seong Corporation 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 22.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM297.22 Million | 35.26% |
| Common Stock | RM547.69 Million | 64.98% |
| Other Comprehensive Income | RM-1.46 Million | -0.17% |
| Total Equity | RM842.83 Million | 100.00% |
Wah Seong Corporation Bhd Competitors by Market Cap
The table below lists competitors of Wah Seong Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RCM Technologies Inc
NASDAQ:RCMT
|
$83.39 Million |
|
Stille AB
ST:STIL
|
$83.41 Million |
|
Hitit Bilgisayar Hizmetleri AS
IS:HTTBT
|
$83.43 Million |
|
Cemindo Gemilang Tbk PT
JK:CMNT
|
$83.45 Million |
|
Jih Lin Technology Co Ltd
TW:5285
|
$83.29 Million |
|
Peak Rare EARTHS Ltd
AU:PEK
|
$83.27 Million |
|
Menthobi Karyatama Raya
JK:MKTR
|
$83.27 Million |
|
Macauto Industrial Co Ltd
TWO:9951
|
$83.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wah Seong Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 704,806,000 to 842,830,000, a change of 138,024,000 (19.6%).
- Net income of 153,045,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 15,021,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM153.04 Million | +18.16% |
| Other Comprehensive Income | RM-15.02 Million | -1.78% |
| Total Change | RM- | 19.58% |
Book Value vs Market Value Analysis
This analysis compares Wah Seong Corporation 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: 0.87x
- 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 | RM1.00 | RM0.95 | x |
| 2017-12-31 | RM1.15 | RM0.95 | x |
| 2018-12-31 | RM1.23 | RM0.95 | x |
| 2019-12-31 | RM1.27 | RM0.95 | x |
| 2020-12-31 | RM0.91 | RM0.95 | x |
| 2021-12-31 | RM0.76 | RM0.95 | x |
| 2022-12-31 | RM0.75 | RM0.95 | x |
| 2023-12-31 | RM0.91 | RM0.95 | x |
| 2024-12-31 | RM1.09 | RM0.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wah Seong Corporation 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): 18.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.81%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 3.46x
- Recent ROE (18.16%) is above the historical average (-3.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -29.42% | -17.88% | 0.49x | 3.36x | RM-305.89 Million |
| 2017 | 12.64% | 4.54% | 0.79x | 3.55x | RM23.60 Million |
| 2018 | 6.78% | 2.19% | 1.07x | 2.89x | RM-30.78 Million |
| 2019 | 2.46% | 0.96% | 0.94x | 2.72x | RM-73.86 Million |
| 2020 | -41.94% | -20.95% | 0.62x | 3.22x | RM-365.52 Million |
| 2021 | -18.26% | -7.52% | 0.64x | 3.79x | RM-166.33 Million |
| 2022 | -1.09% | -0.27% | 0.87x | 4.68x | RM-64.30 Million |
| 2023 | 15.38% | 4.16% | 0.88x | 4.18x | RM37.92 Million |
| 2024 | 18.16% | 4.81% | 1.09x | 3.46x | RM68.76 Million |
Industry Comparison
This section compares Wah Seong Corporation Bhd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $558,366,367
- Average return on equity (ROE) among peers: -6.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wah Seong Corporation Bhd (5142) | RM984.21 Million | -29.42% | 1.46x | $83.37 Million |
| Reservoir Link Energy Bhd (0219) | $21.17 Million | 15.37% | 0.78x | $9.11 Million |
| Ocean Vantage Holdings Bhd (0220) | $49.81 Million | 14.69% | 0.16x | $6.53 Million |
| Coastal Contracts Bhd (5071) | $1.09 Billion | -9.67% | 0.43x | $42.02 Million |
| Marine & General Bhd (5078) | $41.82 Million | -118.68% | 21.95x | $25.47 Million |
| Alam Maritim Resources Bhd (5115) | $-87.52 Million | 0.00% | 0.00x | $14.66 Million |
| Deleum Bhd (5132) | $358.25 Million | 4.76% | 0.70x | $34.37 Million |
| Petra Energy Bhd (5133) | $547.00 Million | 8.59% | 1.02x | $13.33 Million |
| Dayang Enterprise Holdings Bhd (5141) | $372.71 Million | 18.17% | 0.47x | $271.51 Million |
| Malaysia Marine and Heavy Engineering Holdings Bhd (5186) | $2.64 Billion | 4.93% | 0.69x | $27.00 Million |