Wong Engineering Corporation Bhd
Wong Engineering Corporation Berhad, together with its subsidiaries, designs, manufactures, and sells high precision stamped and turned metal parts, components, and welded frame structures in Malaysia, Asia, Europe, and internationally. The company operates through three segments: Precision Engineering; Construction and Property Development; and others. It engages in the general building construc… Read more
Wong Engineering Corporation Bhd (7050) - Net Assets
Latest net assets as of October 2025: RM77.72 Million MYR
Based on the latest financial reports, Wong Engineering Corporation Bhd (7050) has net assets worth RM77.72 Million MYR as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM132.67 Million) and total liabilities (RM54.95 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 | RM77.72 Million |
| % of Total Assets | 58.58% |
| Annual Growth Rate | 1.63% |
| 5-Year Change | -0.57% |
| 10-Year Change | 44.82% |
| Growth Volatility | 9.85 |
Wong Engineering Corporation Bhd - Net Assets Trend (2012–2025)
This chart illustrates how Wong Engineering Corporation 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 Wong Engineering Corporation Bhd (2012–2025)
The table below shows the annual net assets of Wong Engineering Corporation Bhd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | RM77.72 Million | +20.36% |
| 2024-10-31 | RM64.57 Million | -15.08% |
| 2023-10-31 | RM76.03 Million | -10.01% |
| 2022-10-31 | RM84.49 Million | +8.10% |
| 2021-10-31 | RM78.16 Million | +12.94% |
| 2020-10-31 | RM69.21 Million | +0.58% |
| 2019-10-31 | RM68.81 Million | +5.19% |
| 2018-10-31 | RM65.41 Million | +9.52% |
| 2017-10-31 | RM59.73 Million | +11.30% |
| 2016-10-31 | RM53.67 Million | +1.36% |
| 2015-10-31 | RM52.94 Million | -6.04% |
| 2014-10-31 | RM56.35 Million | -6.31% |
| 2013-10-31 | RM60.14 Million | -4.53% |
| 2012-10-31 | RM63.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wong Engineering Corporation 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 84.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM565.00K | 0.73% |
| Common Stock | RM57.91 Million | 74.52% |
| Other Components | RM19.24 Million | 24.76% |
| Total Equity | RM77.71 Million | 100.00% |
Wong Engineering Corporation Bhd Competitors by Market Cap
The table below lists competitors of Wong Engineering Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
K&K Superstore Southern Public Company Limited
BK:KK
|
$3.78 Million |
|
Gaming Factory S.A.
WAR:GIF
|
$3.79 Million |
|
Ancora Indonesia Resources Tbk
JK:OKAS
|
$3.79 Million |
|
Crédito Real S.A.B. de C.V. Sociedad Financiera de Objeto Múltiple Entidad No Regulada
MX:CREAL
|
$3.79 Million |
|
Asia Sejahtera Mina Tbk
JK:AGAR
|
$3.78 Million |
|
Analabs Resources Bhd
KLSE:7083
|
$3.78 Million |
|
Thanasiri Group Public Company Limited
BK:THANA
|
$3.78 Million |
|
Gaussin
PA:ALGAU
|
$3.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wong Engineering Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 64,560,571 to 77,712,000, a change of 13,151,429 (20.4%).
- Net loss of 6,998,000 reduced equity.
- Other factors increased equity by 20,149,429.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM-7.00 Million | -9.01% |
| Other Changes | RM20.15 Million | +25.93% |
| Total Change | RM- | 20.37% |
Book Value vs Market Value Analysis
This analysis compares Wong Engineering Corporation 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: 0.51x
- 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 0.66x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-10-31 | RM0.24 | RM0.16 | x |
| 2014-10-31 | RM0.22 | RM0.16 | x |
| 2015-10-31 | RM0.21 | RM0.16 | x |
| 2016-10-31 | RM0.21 | RM0.16 | x |
| 2017-10-31 | RM0.24 | RM0.16 | x |
| 2018-10-31 | RM0.26 | RM0.16 | x |
| 2019-10-31 | RM0.28 | RM0.16 | x |
| 2020-10-31 | RM0.28 | RM0.16 | x |
| 2021-10-31 | RM0.32 | RM0.16 | x |
| 2022-10-31 | RM0.34 | RM0.16 | x |
| 2023-10-31 | RM0.30 | RM0.16 | x |
| 2024-10-31 | RM0.26 | RM0.16 | x |
| 2025-10-31 | RM0.31 | RM0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wong Engineering Corporation 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): -9.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.17%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.71x
- Recent ROE (-9.01%) is below the historical average (-0.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -5.57% | -11.15% | 0.41x | 1.21x | RM-9.36 Million |
| 2014 | -9.13% | -19.30% | 0.40x | 1.18x | RM-10.78 Million |
| 2015 | -6.49% | -11.60% | 0.44x | 1.28x | RM-8.73 Million |
| 2016 | 1.33% | 2.16% | 0.49x | 1.25x | RM-4.65 Million |
| 2017 | 10.24% | 14.32% | 0.59x | 1.21x | RM141.12K |
| 2018 | 13.28% | 14.35% | 0.78x | 1.18x | RM2.14 Million |
| 2019 | 8.42% | 9.50% | 0.60x | 1.47x | RM-1.09 Million |
| 2020 | 4.56% | 4.46% | 0.69x | 1.49x | RM-3.76 Million |
| 2021 | 13.07% | 12.18% | 0.79x | 1.36x | RM2.40 Million |
| 2022 | 3.96% | 4.47% | 0.64x | 1.38x | RM-5.11 Million |
| 2023 | -9.97% | -14.38% | 0.42x | 1.64x | RM-15.18 Million |
| 2024 | -17.74% | -31.29% | 0.33x | 1.73x | RM-17.91 Million |
| 2025 | -9.01% | -14.17% | 0.37x | 1.71x | RM-14.77 Million |
Industry Comparison
This section compares Wong Engineering Corporation Bhd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $102,489,553
- Average return on equity (ROE) among peers: 5.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wong Engineering Corporation Bhd (7050) | RM77.72 Million | -5.57% | 0.71x | $3.78 Million |
| Mestron Holdings (0207) | $133.18 Million | 8.22% | 0.51x | $13.22 Million |
| Volcano Bhd (0232) | $67.65 Million | 7.07% | 0.10x | $2.97 Million |
| CEKD Bhd (0238) | $37.51 Million | 16.10% | 0.45x | $2.22 Million |
| Coraza Integrated Technology Bhd (0240) | $24.62 Million | 14.02% | 0.86x | $22.53 Million |
| SFP Tech Holdings Bhd (0251) | $197.22 Million | 19.84% | 0.48x | $15.02 Million |
| Wentel Engineering Holdings Berhad (0298) | $67.39 Million | 18.41% | 0.37x | $15.04 Million |
| Chemlite Innovation Berhad (0348) | $10.17 Million | 88.53% | 2.12x | $7.81 Million |
| Seremban Engineering Bhd (5163) | $25.52 Million | -141.72% | 3.68x | $1.36 Million |
| Uwc Bhd (5292) | $304.78 Million | 30.03% | 0.18x | $374.15 Million |
| APB Resources Bhd (5568) | $156.86 Million | -0.79% | 0.07x | $2.25 Million |