ZECON Bhd (7028) - Net Assets

Latest as of March 2026: RM473.49 Million MYR ≈ $118.88 Million USD

Based on the latest financial reports, ZECON Bhd (7028) has net assets worth RM473.49 Million MYR (≈ $118.88 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 (RM1.72 Billion ≈ $431.40 Million USD) and total liabilities (RM1.24 Billion ≈ $312.53 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. Also explore ZECON Bhd assets under control for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM473.49 Million
% of Total Assets	27.56%
Annual Growth Rate	9.04%
5-Year Change	102.53%
10-Year Change	394.1%
Growth Volatility	41.79

ZECON Bhd - Net Assets Trend (2012–2026)

This chart illustrates how ZECON Bhd's net assets have evolved over time, based on quarterly financial data. Check ZECON Bhd (7028) tangible net worth to evaluate the tangible quality of the company's equity base.

Annual Net Assets for ZECON Bhd (2012–2026)

The table below shows the annual net assets of ZECON Bhd from 2012 to 2026. For live valuation and market cap data, see ZECON Bhd (7028) market capitalisation.

Year	Net Assets	Change
2026-06-30	RM472.55 Million ≈ $118.64 Million	+65.31%
2025-06-30	RM285.86 Million ≈ $71.77 Million	+23.35%
2024-06-30	RM231.76 Million ≈ $58.19 Million	+0.90%
2023-06-30	RM229.69 Million ≈ $57.67 Million	-1.56%
2022-06-30	RM233.32 Million ≈ $58.58 Million	-8.90%
2020-06-30	RM256.12 Million ≈ $64.30 Million	+18.09%
2019-06-30	RM216.88 Million ≈ $54.45 Million	-20.90%
2018-06-30	RM274.20 Million ≈ $68.84 Million	+128.68%
2017-06-30	RM119.90 Million ≈ $30.10 Million	+25.37%
2016-06-30	RM95.64 Million ≈ $24.01 Million	+38.61%
2015-06-30	RM69.00 Million ≈ $17.32 Million	-20.69%
2014-06-30	RM87.00 Million ≈ $21.84 Million	-22.32%
2013-06-30	RM112.00 Million ≈ $28.12 Million	-23.81%
2012-12-31	RM147.00 Million ≈ $36.91 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 21713179500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2026)

Component	Amount	Percentage
Retained Earnings	RM154.13 Million	52.89%
Other Components	RM137.31 Million	47.11%
Total Equity	RM291.44 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
RENN Fund Inc NYSE MKT:RCG	$18.94 Million
Alumil Rom Industry SA RO:ALU	$18.94 Million
Tevogen Bio Holdings Inc. NASDAQ:TVGN	$18.94 Million
Evoke Pharma Inc NASDAQ:EVOK	$18.95 Million
Bravada Gold Corporation V:BVA	$18.93 Million
Yesil Yatirim Holding AS IS:YESIL	$18.92 Million
Austem Company Ltd KQ:031510	$18.92 Million
BIT Mining Limited NYSE:BTCM	$18.91 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 2025 to 2026, total equity changed from 285,861,930 to 291,441,750, a change of 5,579,820 (2.0%).
Net income of 2,572,231 contributed positively to equity growth.
New share issuances of 2,888,692 increased equity.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM2.57 Million	+0.88%
Share Issuances	RM2.89 Million	+0.99%
Other Changes	RM118.90K	+0.04%
Total Change	RM-	1.95%

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 0.60x 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	RM0.48	x
2017-06-30	RM1.01	RM0.48	x
2018-06-30	RM2.09	RM0.48	x
2019-06-30	RM1.66	RM0.48	x
2020-06-30	RM1.78	RM0.48	x
2022-06-30	RM1.59	RM0.48	x
2023-06-30	RM1.56	RM0.48	x
2024-06-30	RM1.57	RM0.48	x
2025-06-30	RM1.93	RM0.48	x
2026-06-30	RM1.87	RM0.48	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): 0.88%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.51%
• Asset Turnover: 0.06x
• Equity Multiplier: 5.93x
Recent ROE (0.88%) is below the historical average (4.13%), suggesting potential challenges in 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
2026	0.88%	2.51%	0.06x	5.93x	RM-26.57 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: $85,013,173
Average return on equity (ROE) among peers: 4.68%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ZECON Bhd (7028)	RM473.49 Million	-20.21%	2.63x	$18.93 Million
Southern Score Builders Berhad (0045)	$-6.44 Million	0.00%	0.00x	$290.99 Million
Ecobuilt Holdings Bhd (0059)	$106.33 Million	-2.68%	0.54x	$3.17 Million
Mega Sun City Holdings Bhd (0081)	$64.47 Million	1.63%	0.05x	$2.97 Million
Waja Konsortium Bhd (0102)	$41.21 Million	2.11%	0.40x	$15.40 Million
Kelington Group Bhd (0151)	$168.33 Million	10.40%	1.08x	$1.56 Billion
Widad Group Bhd (0162)	$165.94 Million	7.23%	1.35x	$11.75 Million
Pasukhas Group Bhd (0177)	$63.49 Million	-17.20%	1.27x	$3.59 Million
HSS Engineers Bhd (0185)	$78.71 Million	17.81%	0.59x	$56.17 Million
Cabnet Holdings Bhd (0191)	$47.04 Million	10.04%	0.23x	$9.20 Million
Inta Bina Group Bhd (0192)	$121.06 Million	17.51%	1.99x	$57.87 Million

About ZECON Bhd

KLSE:7028 Malaysia Engineering & Construction

Market Cap

$18.93 Million

RM75.40 Million MYR

Market Cap Rank

#25264 Global

#703 in Malaysia

Share Price

RM0.48

Change (1 day)

-1.03%

52-Week Range

RM0.43 - RM0.53

All Time High

RM0.84