Benalec Holdings Bhd (5190) - Net Assets
Based on the latest financial reports, Benalec Holdings Bhd (5190) has net assets worth RM370.95 Million MYR (≈ $93.13 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 (RM612.56 Million ≈ $153.79 Million USD) and total liabilities (RM241.61 Million ≈ $60.66 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 Benalec Holdings Bhd (5190) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM370.95 Million |
| % of Total Assets | 60.56% |
| Annual Growth Rate | -2.32% |
| 5-Year Change | -21.14% |
| 10-Year Change | -39.45% |
| Growth Volatility | 7.52 |
Benalec Holdings Bhd - Net Assets Trend (2012–2026)
This chart illustrates how Benalec Holdings Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Benalec Holdings Bhd stock valuation.
Annual Net Assets for Benalec Holdings Bhd (2012–2026)
The table below shows the annual net assets of Benalec Holdings Bhd from 2012 to 2026. Also explore Benalec Holdings Bhd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | RM371.39 Million ≈ $93.24 Million |
-0.34% |
| 2025-06-30 | RM372.66 Million ≈ $93.56 Million |
+3.67% |
| 2024-06-30 | RM359.46 Million ≈ $90.25 Million |
-15.00% |
| 2023-06-30 | RM422.90 Million ≈ $106.18 Million |
-10.20% |
| 2022-06-30 | RM470.96 Million ≈ $118.24 Million |
-2.54% |
| 2021-06-30 | RM483.21 Million ≈ $121.32 Million |
-12.48% |
| 2020-06-30 | RM552.12 Million ≈ $138.62 Million |
-11.10% |
| 2018-06-30 | RM621.04 Million ≈ $155.92 Million |
-0.64% |
| 2017-06-30 | RM625.07 Million ≈ $156.93 Million |
+1.90% |
| 2016-06-30 | RM613.40 Million ≈ $154.00 Million |
+2.40% |
| 2015-06-30 | RM599.00 Million ≈ $150.39 Million |
+9.71% |
| 2014-06-30 | RM546.00 Million ≈ $137.08 Million |
-1.97% |
| 2013-06-30 | RM557.00 Million ≈ $139.84 Million |
+7.95% |
| 2012-06-30 | RM516.00 Million ≈ $129.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Benalec 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 55.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM148.06 Million | 39.37% |
| Other Components | RM228.05 Million | 60.63% |
| Total Equity | RM376.11 Million | 100.00% |
Benalec Holdings Bhd Competitors by Market Cap
The table below lists competitors of Benalec Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAS Corporation
KQ:016920
|
$16.63 Million |
|
N2Tech Co. Ltd
KQ:227950
|
$16.64 Million |
|
Games Operators SA
WAR:GOP
|
$16.65 Million |
|
Biocardia Inc
NASDAQ:BCDA
|
$16.65 Million |
|
Bimergen Energy Corporation
NYSE:BESS
|
$16.62 Million |
|
Zamet Industry SA
WAR:ZMT
|
$16.62 Million |
|
Kainos Group PLC
LSE:KNOS
|
$16.61 Million |
|
Rubberex Corporation M Bhd
KLSE:7803
|
$16.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Benalec Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 372,658,310 to 376,107,829, a change of 3,449,519 (0.9%).
- Net income of 3,250,415 contributed positively to equity growth.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM3.25 Million | +0.86% |
| Other Changes | RM199.10K | +0.05% |
| Total Change | RM- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares Benalec 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: 0.18x
- 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 |
|---|---|---|---|
| 2016-06-30 | RM0.77 | RM0.07 | x |
| 2017-06-30 | RM0.78 | RM0.07 | x |
| 2018-06-30 | RM0.76 | RM0.07 | x |
| 2020-06-30 | RM0.65 | RM0.07 | x |
| 2021-06-30 | RM0.57 | RM0.07 | x |
| 2022-06-30 | RM0.46 | RM0.07 | x |
| 2023-06-30 | RM0.42 | RM0.07 | x |
| 2024-06-30 | RM0.35 | RM0.07 | x |
| 2025-06-30 | RM0.37 | RM0.07 | x |
| 2026-06-30 | RM0.37 | RM0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Benalec 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): 0.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.29%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.66x
- Recent ROE (0.86%) is above the historical average (-4.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 1.35% | 4.42% | 0.12x | 2.53x | RM-51.16 Million |
| 2016 | 2.79% | 5.30% | 0.24x | 2.21x | RM-44.22 Million |
| 2017 | 1.55% | 3.61% | 0.22x | 1.93x | RM-52.82 Million |
| 2018 | -0.03% | -0.15% | 0.09x | 2.03x | RM-62.28 Million |
| 2020 | -8.60% | -34.94% | 0.16x | 1.57x | RM-102.70 Million |
| 2021 | -14.02% | -42.08% | 0.20x | 1.66x | RM-116.09 Million |
| 2022 | -6.98% | -47.04% | 0.09x | 1.61x | RM-79.98 Million |
| 2023 | -11.73% | -64.72% | 0.11x | 1.63x | RM-91.91 Million |
| 2024 | -17.03% | -163.52% | 0.06x | 1.86x | RM-97.16 Million |
| 2025 | 3.40% | 13.87% | 0.15x | 1.66x | RM-24.60 Million |
| 2026 | 0.86% | 5.29% | 0.10x | 1.66x | RM-34.36 Million |
Industry Comparison
This section compares Benalec Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $81,484,006
- Average return on equity (ROE) among peers: -9.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Benalec Holdings Bhd (5190) | RM370.95 Million | 1.35% | 0.65x | $16.63 Million |
| Southern Score Builders Berhad (0045) | $-6.44 Million | 0.00% | 0.00x | $353.75 Million |
| Ecobuilt Holdings Bhd (0059) | $34.50 Million | 4.23% | 4.18x | $3.70 Million |
| Mega Sun City Holdings Bhd (0081) | $65.34 Million | -44.66% | 0.02x | $3.72 Million |
| Waja Konsortium Bhd (0102) | $36.86 Million | -117.43% | 0.45x | $14.00 Million |
| Kelington Group Bhd (0151) | $40.24 Million | 21.22% | 0.72x | $1.65 Billion |
| Widad Group Bhd (0162) | $180.69 Million | 2.22% | 1.27x | $11.75 Million |
| Pasukhas Group Bhd (0177) | $165.33 Million | -11.64% | 0.37x | $4.31 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $60.64 Million |
| Cabnet Holdings Bhd (0191) | $27.59 Million | 23.23% | 0.49x | $9.20 Million |
| Inta Bina Group Bhd (0192) | $42.82 Million | 26.88% | 3.68x | $57.87 Million |
About Benalec Holdings Bhd
Benalec Holdings Berhad, an investment holding company, engages in marine construction and civil engineering services in Malaysia. The company operates through three segments: Marine Construction, Vessel Chartering and Marine Transportation, and Other. It offers marine construction services, including land reclamation, dredging, and beach nourishment; rock revetment, soil consolidation, shore pro… Read more