Wang-Zheng Bhd (7203) - Net Assets
Based on the latest financial reports, Wang-Zheng Bhd (7203) has net assets worth RM187.91 Million MYR (≈ $47.18 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM256.73 Million ≈ $64.46 Million USD) and total liabilities (RM68.82 Million ≈ $17.28 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 7203 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM187.91 Million |
| % of Total Assets | 73.19% |
| Annual Growth Rate | 2.34% |
| 5-Year Change | 3.84% |
| 10-Year Change | 18.78% |
| Growth Volatility | 2.34 |
Wang-Zheng Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Wang-Zheng Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 7203 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Wang-Zheng Bhd (2012–2024)
The table below shows the annual net assets of Wang-Zheng Bhd from 2012 to 2024. For live valuation and market cap data, see Wang-Zheng Bhd (7203) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RM200.74 Million ≈ $50.40 Million |
-1.58% |
| 2023-12-31 | RM203.96 Million ≈ $51.21 Million |
+2.18% |
| 2022-12-31 | RM199.61 Million ≈ $50.11 Million |
+1.70% |
| 2021-12-31 | RM196.27 Million ≈ $49.28 Million |
+1.53% |
| 2020-12-31 | RM193.31 Million ≈ $48.54 Million |
-1.82% |
| 2019-12-31 | RM196.90 Million ≈ $49.44 Million |
+2.57% |
| 2018-12-31 | RM191.97 Million ≈ $48.20 Million |
+3.03% |
| 2017-12-31 | RM186.32 Million ≈ $46.78 Million |
+3.21% |
| 2016-12-31 | RM180.52 Million ≈ $45.32 Million |
+6.82% |
| 2015-12-31 | RM169.00 Million ≈ $42.43 Million |
+3.68% |
| 2014-12-31 | RM163.00 Million ≈ $40.92 Million |
+1.88% |
| 2013-12-31 | RM160.00 Million ≈ $40.17 Million |
+5.26% |
| 2012-12-31 | RM152.00 Million ≈ $38.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wang-Zheng 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 12.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM114.23 Million | 56.90% |
| Common Stock | RM86.98 Million | 43.33% |
| Total Equity | RM200.74 Million | 100.00% |
Wang-Zheng Bhd Competitors by Market Cap
The table below lists competitors of Wang-Zheng Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avrasya Petrol ve Turistik Tesisler Yatirimlar AS
IS:AVTUR
|
$15.68 Million |
|
Copaur Minerals Inc
V:CPAU
|
$15.69 Million |
|
Gigasun AB
ST:GIGA
|
$15.70 Million |
|
Ever Shine Textile Industry
JK:ESTI
|
$15.71 Million |
|
Immo Mcc NV
BR:MCC
|
$15.68 Million |
|
Imaspro Corporation Bhd
KLSE:7222
|
$15.67 Million |
|
Salona Cotspin Limited
NSE:SALONA
|
$15.66 Million |
|
Barnwell Industries Inc
NYSE MKT:BRN
|
$15.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wang-Zheng Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 203,958,270 to 200,735,070, a change of -3,223,200 (-1.6%).
- Net income of 1,071,450 contributed positively to equity growth.
- Dividend payments of 4,780,690 reduced retained earnings.
- New share issuances of 518,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.07 Million | +0.53% |
| Dividends Paid | RM4.78 Million | -2.38% |
| Share Issuances | RM518.00K | +0.26% |
| Other Changes | RM-31.96K | -0.02% |
| Total Change | RM- | -1.58% |
Book Value vs Market Value Analysis
This analysis compares Wang-Zheng 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: 0.31x
- 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 | RM1.14 | RM0.39 | x |
| 2017-12-31 | RM1.17 | RM0.39 | x |
| 2018-12-31 | RM1.21 | RM0.39 | x |
| 2019-12-31 | RM1.24 | RM0.39 | x |
| 2020-12-31 | RM1.22 | RM0.39 | x |
| 2021-12-31 | RM1.24 | RM0.39 | x |
| 2022-12-31 | RM1.26 | RM0.39 | x |
| 2023-12-31 | RM1.29 | RM0.39 | x |
| 2024-12-31 | RM1.26 | RM0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wang-Zheng 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): 0.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.35%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.49x
- Recent ROE (0.53%) is below the historical average (4.47%), 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 | 9.80% | 5.73% | 1.08x | 1.58x | RM-354.32K |
| 2017 | 5.67% | 3.84% | 1.04x | 1.42x | RM-8.08 Million |
| 2018 | 5.39% | 3.98% | 0.92x | 1.47x | RM-8.85 Million |
| 2019 | 5.72% | 4.12% | 1.01x | 1.37x | RM-8.42 Million |
| 2020 | 2.65% | 2.11% | 0.90x | 1.39x | RM-14.21 Million |
| 2021 | 3.93% | 3.43% | 0.81x | 1.41x | RM-11.91 Million |
| 2022 | 3.26% | 2.42% | 0.99x | 1.36x | RM-13.46 Million |
| 2023 | 3.30% | 2.39% | 0.93x | 1.49x | RM-13.66 Million |
| 2024 | 0.53% | 0.35% | 1.03x | 1.49x | RM-19.00 Million |
Industry Comparison
This section compares Wang-Zheng Bhd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $237,732,595
- Average return on equity (ROE) among peers: -2.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wang-Zheng Bhd (7203) | RM187.91 Million | 9.80% | 0.37x | $15.68 Million |
| Muda Holdings Bhd (3883) | $375.22 Million | -6.13% | 1.18x | $62.42 Million |
| CWG Holdings Bhd (9423) | $100.24 Million | 1.67% | 0.30x | $11.51 Million |
About Wang-Zheng Bhd
Wang-Zheng Berhad, an investment holding company, engages in the manufacture, processing, and distribution of fiber-based products in Malaysia, rest of Asia, Africa, and Australia. It operates through three segments: Processed Papers Products, Disposable Fibre-Based Products, and Investment Holding and Others. The company offers disposable fiber-based products, including disposable adult and baby… Read more