ECS ICT Bhd
VSTECS Berhad, an investment holding company, engages in the distribution of information and communications technology (ICT) products primarily in Malaysia. The company operates through three segments: ICT Distribution, Enterprise Systems, and ICT Services. It distributes notebooks, personal computers, smartphones, tablets, printers, wearables, software, network and communication infrastructure, … Read more
ECS ICT Bhd (5162) - Net Assets
Latest net assets as of September 2025: RM548.62 Million MYR
Based on the latest financial reports, ECS ICT Bhd (5162) has net assets worth RM548.62 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 (RM1.07 Billion) and total liabilities (RM525.53 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 | RM548.62 Million |
| % of Total Assets | 51.07% |
| Annual Growth Rate | 8.54% |
| 5-Year Change | 50.32% |
| 10-Year Change | 111.98% |
| Growth Volatility | 2.01 |
ECS ICT Bhd - Net Assets Trend (2012–2024)
This chart illustrates how ECS ICT 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 ECS ICT Bhd (2012–2024)
The table below shows the annual net assets of ECS ICT Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM502.40 Million | +10.07% |
| 2023-12-31 | RM456.44 Million | +11.02% |
| 2022-12-31 | RM411.12 Million | +9.39% |
| 2021-12-31 | RM375.83 Million | +12.45% |
| 2020-12-31 | RM334.22 Million | +8.59% |
| 2019-12-31 | RM307.78 Million | +6.83% |
| 2018-12-31 | RM288.10 Million | +5.73% |
| 2017-12-31 | RM272.49 Million | +6.39% |
| 2016-12-31 | RM256.12 Million | +8.07% |
| 2015-12-31 | RM237.00 Million | +5.80% |
| 2014-12-31 | RM224.00 Million | +9.27% |
| 2013-12-31 | RM205.00 Million | +9.04% |
| 2012-12-31 | RM188.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ECS ICT 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 149.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM414.35 Million | 82.47% |
| Other Components | RM88.05 Million | 17.53% |
| Total Equity | RM502.40 Million | 100.00% |
ECS ICT Bhd Competitors by Market Cap
The table below lists competitors of ECS ICT Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Progate Group Corporation
TWO:8227
|
$101.16 Million |
|
Alta Equipment Group Inc
NYSE:ALTG
|
$101.18 Million |
|
Hyperfine Inc
NASDAQ:HYPR
|
$101.23 Million |
|
Duxton Water Ltd
AU:D2O
|
$101.27 Million |
|
Zhejiang Yingfeng Technology Co Ltd
SHG:605055
|
$101.12 Million |
|
Ovid Therapeutics Inc
NASDAQ:OVID
|
$101.12 Million |
|
CSB Bancorp Inc
PINK:CSBB
|
$101.12 Million |
|
Chen Full International Co Ltd
TWO:8383
|
$101.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ECS ICT Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 456,435,000 to 502,399,000, a change of 45,964,000 (10.1%).
- Net income of 70,566,000 contributed positively to equity growth.
- Dividend payments of 23,533,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM70.57 Million | +14.05% |
| Dividends Paid | RM23.53 Million | -4.68% |
| Other Changes | RM-1.07 Million | -0.21% |
| Total Change | RM- | 10.07% |
Book Value vs Market Value Analysis
This analysis compares ECS ICT 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: 3.45x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.83x to 3.45x 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 | RM0.71 | RM4.86 | x |
| 2017-12-31 | RM0.76 | RM4.86 | x |
| 2018-12-31 | RM0.80 | RM4.86 | x |
| 2019-12-31 | RM0.86 | RM4.86 | x |
| 2020-12-31 | RM0.94 | RM4.86 | x |
| 2021-12-31 | RM1.05 | RM4.86 | x |
| 2022-12-31 | RM1.15 | RM4.86 | x |
| 2023-12-31 | RM1.28 | RM4.86 | x |
| 2024-12-31 | RM1.41 | RM4.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ECS ICT 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): 14.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.43%
- • Asset Turnover: 3.33x
- • Equity Multiplier: 1.74x
- Recent ROE (14.05%) is above the historical average (12.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.77% | 1.65% | 3.66x | 1.95x | RM4.53 Million |
| 2017 | 9.64% | 1.43% | 3.89x | 1.73x | RM-981.20K |
| 2018 | 8.54% | 1.51% | 3.41x | 1.66x | RM-4.21 Million |
| 2019 | 9.62% | 1.64% | 3.29x | 1.78x | RM-1.18 Million |
| 2020 | 11.00% | 1.82% | 3.61x | 1.67x | RM3.36 Million |
| 2021 | 14.63% | 2.09% | 3.82x | 1.83x | RM17.41 Million |
| 2022 | 14.52% | 2.15% | 3.88x | 1.74x | RM18.57 Million |
| 2023 | 14.77% | 2.47% | 3.32x | 1.80x | RM21.78 Million |
| 2024 | 14.05% | 2.43% | 3.33x | 1.74x | RM20.33 Million |
Industry Comparison
This section compares ECS ICT Bhd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $70,192,153
- Average return on equity (ROE) among peers: 7.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ECS ICT Bhd (5162) | RM548.62 Million | 11.77% | 0.96x | $101.16 Million |
| Pineapple Resources Bhd (0006) | $26.14 Million | -2.40% | 0.10x | $1.58 Million |
| Artroniq Berhad (0038) | $34.80 Million | 3.33% | 0.48x | $6.99 Million |
| Vsolar Group Bhd (0066) | $16.61 Million | -9.76% | 0.04x | $1.65 Million |
| YGL Convergence Bhd (0086) | $16.73 Million | -13.68% | 0.14x | $1.54 Million |
| QES Group Bhd (0196) | $117.28 Million | 7.38% | 0.63x | $30.66 Million |
| Radiant Globaltech Bhd (0202) | $23.34 Million | 40.57% | 1.70x | $5.89 Million |
| Aco Group Bhd (0218) | $84.42 Million | 8.37% | 0.79x | $3.11 Million |
| SNS (0259) | $63.10 Million | 37.05% | 2.55x | $46.36 Million |
| Marco Holdings Bhd (3514) | $202.99 Million | 7.64% | 0.08x | $8.04 Million |
| Compugates Holdings Bhd (5037) | $116.50 Million | -5.34% | 0.61x | $4.53 Million |