Wah Seong Corporation Bhd (5142) - Net Assets

Latest as of December 2025: RM1.17 Billion MYR ≈ $293.45 Million USD

Based on the latest financial reports, Wah Seong Corporation Bhd (5142) has net assets worth RM1.17 Billion MYR (≈ $293.45 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 (RM2.52 Billion ≈ $632.99 Million USD) and total liabilities (RM1.35 Billion ≈ $339.54 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 Wah Seong Corporation Bhd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM1.17 Billion
% of Total Assets	46.36%
Annual Growth Rate	0.57%
5-Year Change	83.15%
10-Year Change	50.64%
Growth Volatility	17.21

Wah Seong Corporation Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Wah Seong Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Wah Seong Corporation Bhd for the complete picture of this company's asset base.

Annual Net Assets for Wah Seong Corporation Bhd (2012–2025)

The table below shows the annual net assets of Wah Seong Corporation Bhd from 2012 to 2025. For live valuation and market cap data, see Wah Seong Corporation Bhd market cap and net worth.

Year	Net Assets	Change
2025-12-31	RM1.17 Billion ≈ $293.45 Million	+23.28%
2024-12-31	RM948.12 Million ≈ $238.04 Million	+15.57%
2023-12-31	RM820.39 Million ≈ $205.97 Million	+20.84%
2022-12-31	RM678.91 Million ≈ $170.45 Million	+6.39%
2021-12-31	RM638.16 Million ≈ $160.22 Million	-9.32%
2020-12-31	RM703.73 Million ≈ $176.68 Million	-28.19%
2019-12-31	RM979.95 Million ≈ $246.03 Million	+2.53%
2018-12-31	RM955.73 Million ≈ $239.95 Million	+6.89%
2017-12-31	RM894.16 Million ≈ $224.49 Million	+15.24%
2016-12-31	RM775.89 Million ≈ $194.80 Million	-36.66%
2015-12-31	RM1.23 Billion ≈ $307.56 Million	-3.39%
2014-12-31	RM1.27 Billion ≈ $318.35 Million	+9.69%
2013-12-31	RM1.16 Billion ≈ $290.23 Million	+6.54%
2012-12-31	RM1.08 Billion ≈ $272.41 Million	--

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 109.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM505.88 Million	48.81%
Common Stock	RM547.69 Million	52.84%
Other Comprehensive Income	RM-16.49 Million	-1.59%
Total Equity	RM1.04 Billion	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
Tucows Inc. TO:TC	$166.22 Million
Sensorion SA PA:ALSEN	$166.23 Million
Alkim Kagit Sanayi ve Ticaret AS IS:ALKA	$171.70 Million
Teladan Setia Group Bhd KLSE:0230	$166.28 Million
Exsitec Holding AB ST:EXS	$161.87 Million
Is Girisim Sermayesi Yatirim Ortakligi AS IS:ISGSY	$163.77 Million
DAE HWA Pharmaceutical Co. Ltd KQ:067080	$166.19 Million
Finance of America Companies Inc NYSE:FOA	$166.16 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 2024 to 2025, total equity changed from 842,830,000 to 1,036,457,000, a change of 193,627,000 (23.0%).
Net income of 160,540,000 contributed positively to equity growth.
Dividend payments of 38,715,000 reduced retained earnings.
Other comprehensive income decreased equity by 15,031,000.
Other factors increased equity by 86,833,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM160.54 Million	+15.49%
Dividends Paid	RM38.72 Million	-3.74%
Other Comprehensive Income	RM-15.03 Million	-1.45%
Other Changes	RM86.83 Million	+8.38%
Total Change	RM-	22.97%

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: 0.62x
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 0.83x to 0.62x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM1.00	RM0.83	x
2017-12-31	RM1.15	RM0.83	x
2018-12-31	RM1.23	RM0.83	x
2019-12-31	RM1.27	RM0.83	x
2020-12-31	RM0.91	RM0.83	x
2021-12-31	RM0.76	RM0.83	x
2022-12-31	RM0.75	RM0.83	x
2023-12-31	RM0.91	RM0.83	x
2024-12-31	RM1.09	RM0.83	x
2025-12-31	RM1.34	RM0.83	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): 15.49%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.16%
• Asset Turnover: 1.03x
• Equity Multiplier: 2.43x
Recent ROE (15.49%) is above the historical average (-1.98%), 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
2025	15.49%	6.16%	1.03x	2.43x	RM56.89 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: $689,259,911
Average return on equity (ROE) among peers: -19.23%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wah Seong Corporation Bhd (5142)	RM1.17 Billion	-29.42%	1.16x	$161.36 Million
Reservoir Link Energy Bhd (0219)	$78.87 Million	13.64%	0.30x	$25.67 Million
Ocean Vantage Holdings Bhd (0220)	$60.88 Million	-1.80%	0.61x	$21.59 Million
Coastal Contracts Bhd (5071)	$1.67 Billion	9.95%	0.56x	$188.98 Million
Marine & General Bhd (5078)	$112.73 Million	-65.66%	20.84x	$67.36 Million
Alam Maritim Resources Bhd (5115)	$132.04 Million	-171.44%	1.78x	$34.12 Million
Deleum Bhd (5132)	$349.14 Million	2.13%	0.86x	$128.04 Million
Petra Energy Bhd (5133)	$547.00 Million	8.59%	1.02x	$54.79 Million
Dayang Enterprise Holdings Bhd (5141)	$666.43 Million	22.40%	0.48x	$531.94 Million
Malaysia Marine and Heavy Engineering Holdings Bhd (5186)	$2.59 Billion	9.14%	0.94x	$146.62 Million

About Wah Seong Corporation Bhd

KLSE:5142 Malaysia Oil & Gas Equipment & Services

Market Cap

$161.36 Million

RM642.68 Million MYR

Market Cap Rank

#17353 Global

#242 in Malaysia

Share Price

RM0.83

Change (1 day)

-2.92%

52-Week Range

RM0.83 - RM1.13

All Time High

RM1.68