ZECON Bhd
Zecon Berhad engages in the foundation engineering, civil engineering, building contracting, and related activities in Malaysia. It operates through Construction, Property Development, Service Concession, Property Holding, and Other segments. The company also offers piling works; and construct, operate, and maintenance of hospital. In addition, it is involved in management, maintenance, and renta… Read more
ZECON Bhd (7028) - Net Assets
Latest net assets as of September 2025: RM284.59 Million MYR
Based on the latest financial reports, ZECON Bhd (7028) has net assets worth RM284.59 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 (RM1.70 Billion) and total liabilities (RM1.42 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 | RM284.59 Million |
| % of Total Assets | 16.7% |
| Annual Growth Rate | 5.47% |
| 5-Year Change | 11.61% |
| 10-Year Change | 314.29% |
| Growth Volatility | 40.84 |
ZECON Bhd - Net Assets Trend (2012–2025)
This chart illustrates how ZECON 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 ZECON Bhd (2012–2025)
The table below shows the annual net assets of ZECON Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | RM285.86 Million | +23.35% |
| 2024-06-30 | RM231.76 Million | +0.90% |
| 2023-06-30 | RM229.69 Million | -1.56% |
| 2022-06-30 | RM233.32 Million | -8.90% |
| 2020-06-30 | RM256.12 Million | +18.09% |
| 2019-06-30 | RM216.88 Million | -20.90% |
| 2018-06-30 | RM274.20 Million | +128.68% |
| 2017-06-30 | RM119.90 Million | +25.37% |
| 2016-06-30 | RM95.64 Million | +38.61% |
| 2015-06-30 | RM69.00 Million | -20.69% |
| 2014-06-30 | RM87.00 Million | -22.32% |
| 2013-06-30 | RM112.00 Million | -23.81% |
| 2012-12-31 | RM147.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ZECON 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 21483721000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM151.84 Million | 53.12% |
| Common Stock | RM134.02 Million | 46.88% |
| Total Equity | RM285.86 Million | 100.00% |
ZECON Bhd Competitors by Market Cap
The table below lists competitors of ZECON Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vicarious Surgical Inc.
NYSE:RBOT
|
$4.01 Million |
|
DCM Limited
NSE:DCM
|
$4.01 Million |
|
Sea Mild Biotechnology Co., Ltd.
TWO:7516
|
$4.01 Million |
|
Stria Lithium Inc
PINK:SRCAF
|
$4.01 Million |
|
Blaize Holdings, Inc. Warrants
NASDAQ:BZAIW
|
$4.00 Million |
|
Pacific Nickel Mines Ltd
AU:PNM
|
$4.00 Million |
|
FRONTIER IP GR.PLC LS-10
F:8WT
|
$4.00 Million |
|
Folkup Development Inc
PINK:FLDI
|
$4.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZECON Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 231,755,760 to 285,861,930, a change of 54,106,170 (23.3%).
- Net income of 55,614,250 contributed positively to equity growth.
- Share repurchases of 404,250 reduced equity.
- New share issuances of 404,250 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM55.61 Million | +19.45% |
| Share Repurchases | RM404.25K | -0.14% |
| Share Issuances | RM404.25K | +0.14% |
| Other Changes | RM-1.51 Million | -0.53% |
| Total Change | RM- | 23.35% |
Book Value vs Market Value Analysis
This analysis compares ZECON 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: 0.26x
- 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 0.62x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | RM0.80 | RM0.50 | x |
| 2017-06-30 | RM1.01 | RM0.50 | x |
| 2018-06-30 | RM2.09 | RM0.50 | x |
| 2019-06-30 | RM1.66 | RM0.50 | x |
| 2020-06-30 | RM1.78 | RM0.50 | x |
| 2022-06-30 | RM1.59 | RM0.50 | x |
| 2023-06-30 | RM1.56 | RM0.50 | x |
| 2024-06-30 | RM1.57 | RM0.50 | x |
| 2025-06-30 | RM1.93 | RM0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZECON 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): 19.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 85.84%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 5.80x
- Recent ROE (19.45%) is above the historical average (4.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -20.21% | -7.78% | 0.44x | 5.92x | RM-19.43 Million |
| 2016 | 32.74% | 13.34% | 0.29x | 8.43x | RM21.74 Million |
| 2017 | 11.83% | 5.76% | 0.29x | 7.12x | RM2.19 Million |
| 2018 | 4.83% | 2.83% | 0.39x | 4.40x | RM-14.19 Million |
| 2019 | -9.67% | -5.66% | 0.27x | 6.34x | RM-42.66 Million |
| 2020 | 14.03% | 6.92% | 0.32x | 6.26x | RM10.32 Million |
| 2022 | -7.50% | -2.77% | 0.37x | 7.31x | RM-40.84 Million |
| 2023 | -1.81% | -4.99% | 0.05x | 6.90x | RM-27.12 Million |
| 2024 | 0.87% | 2.42% | 0.05x | 6.73x | RM-21.15 Million |
| 2025 | 19.45% | 85.84% | 0.04x | 5.80x | RM27.03 Million |
Industry Comparison
This section compares ZECON 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 |
|---|---|---|---|---|
| ZECON Bhd (7028) | RM284.59 Million | -20.21% | 4.99x | $4.00 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 |