Advancecon Holdings Bhd
Advancecon Holdings Berhad, together with its subsidiaries, provides earthworks and civil engineering services in Malaysia. The company operates through five segments: Construction and Support Services; Property Investments; Green Energy; Quarry Operations; and Property Development. The Construction and Support Services segment is involved in earthworks and civil engineering. The Property Investm… Read more
Advancecon Holdings Bhd (5281) - Net Assets
Latest net assets as of September 2025: RM163.32 Million MYR
Based on the latest financial reports, Advancecon Holdings Bhd (5281) has net assets worth RM163.32 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 (RM548.75 Million) and total liabilities (RM385.43 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 | RM163.32 Million |
| % of Total Assets | 29.76% |
| Annual Growth Rate | 5.33% |
| 5-Year Change | -14.72% |
| 10-Year Change | N/A |
| Growth Volatility | 23.4 |
Advancecon Holdings Bhd - Net Assets Trend (2016–2024)
This chart illustrates how Advancecon Holdings 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 Advancecon Holdings Bhd (2016–2024)
The table below shows the annual net assets of Advancecon Holdings Bhd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM159.96 Million | -10.71% |
| 2023-12-31 | RM179.15 Million | -6.80% |
| 2022-12-31 | RM192.22 Million | -10.84% |
| 2021-12-31 | RM215.58 Million | +14.94% |
| 2020-12-31 | RM187.56 Million | -2.27% |
| 2019-12-31 | RM191.93 Million | +5.46% |
| 2018-12-31 | RM181.99 Million | +4.23% |
| 2017-12-31 | RM174.61 Million | +65.32% |
| 2016-12-31 | RM105.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Advancecon 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 60.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM29.60 Million | 18.51% |
| Common Stock | RM133.73 Million | 83.60% |
| Total Equity | RM159.96 Million | 100.00% |
Advancecon Holdings Bhd Competitors by Market Cap
The table below lists competitors of Advancecon Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sparc Technologies Ltd
AU:SPN
|
$8.88 Million |
|
Pharmala Biotech Holdings Inc
OTCQB:MDXXF
|
$8.89 Million |
|
Aurea SA
PA:AURE
|
$8.89 Million |
|
Daewoo SBI SPAC 1
KQ:215480
|
$8.89 Million |
|
Mendus AB (publ)
ST:IMMU
|
$8.88 Million |
|
YD More Investments Ltd
TA:MRIN
|
$8.88 Million |
|
VIP Clothing Limited
NSE:VIPCLOTHNG
|
$8.87 Million |
|
Lammhults Design Group AB (publ)
ST:LAMM-B
|
$8.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advancecon Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 179,146,040 to 159,957,360, a change of -19,188,680 (-10.7%).
- Net loss of 22,737,060 reduced equity.
- Share repurchases of 126,940 reduced equity.
- Other factors increased equity by 3,675,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-22.74 Million | -14.21% |
| Share Repurchases | RM126.94K | -0.08% |
| Other Changes | RM3.68 Million | +2.3% |
| Total Change | RM- | -10.71% |
Book Value vs Market Value Analysis
This analysis compares Advancecon 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: 0.68x
- 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 | RM0.26 | RM0.19 | x |
| 2017-12-31 | RM0.43 | RM0.19 | x |
| 2018-12-31 | RM0.45 | RM0.19 | x |
| 2019-12-31 | RM0.48 | RM0.19 | x |
| 2020-12-31 | RM0.47 | RM0.19 | x |
| 2021-12-31 | RM0.45 | RM0.19 | x |
| 2022-12-31 | RM0.40 | RM0.19 | x |
| 2023-12-31 | RM0.31 | RM0.19 | x |
| 2024-12-31 | RM0.28 | RM0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advancecon 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): -14.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.93%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 3.32x
- Recent ROE (-14.21%) is below the historical average (0.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 25.04% | 11.27% | 0.79x | 2.80x | RM15.89 Million |
| 2017 | 10.57% | 6.94% | 0.72x | 2.11x | RM1.00 Million |
| 2018 | 5.83% | 3.89% | 0.66x | 2.26x | RM-7.58 Million |
| 2019 | 5.64% | 3.58% | 0.74x | 2.14x | RM-8.37 Million |
| 2020 | 1.12% | 0.84% | 0.61x | 2.17x | RM-16.66 Million |
| 2021 | 0.95% | 0.76% | 0.61x | 2.05x | RM-19.51 Million |
| 2022 | -12.15% | -5.53% | 0.65x | 3.39x | RM-42.58 Million |
| 2023 | -19.14% | -7.62% | 0.77x | 3.24x | RM-52.21 Million |
| 2024 | -14.21% | -5.93% | 0.72x | 3.32x | RM-38.73 Million |
Industry Comparison
This section compares Advancecon Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $122,625,026
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advancecon Holdings Bhd (5281) | RM163.32 Million | 25.04% | 2.36x | $8.88 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $86.27 Million |