Wellcall Holdings Bhd (7231) - Net Assets

Latest as of December 2025: RM145.72 Million MYR ≈ $36.59 Million USD

Based on the latest financial reports, Wellcall Holdings Bhd (7231) has net assets worth RM145.72 Million MYR (≈ $36.59 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM168.69 Million ≈ $42.35 Million USD) and total liabilities (RM22.97 Million ≈ $5.77 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 7231 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM145.72 Million
% of Total Assets	86.39%
Annual Growth Rate	4.9%
5-Year Change	18.66%
10-Year Change	54.11%
Growth Volatility	4.63

Wellcall Holdings Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Wellcall Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 7231 asset base for the complete picture of this company's asset base.

Annual Net Assets for Wellcall Holdings Bhd (2012–2025)

The table below shows the annual net assets of Wellcall Holdings Bhd from 2012 to 2025. For live valuation and market cap data, see 7231 company net worth.

Year	Net Assets	Change
2025-09-30	RM150.86 Million ≈ $37.88 Million	+5.42%
2024-09-30	RM143.10 Million ≈ $35.93 Million	+2.21%
2023-09-30	RM140.01 Million ≈ $35.15 Million	+12.39%
2022-09-30	RM124.57 Million ≈ $31.28 Million	-2.01%
2021-09-30	RM127.13 Million ≈ $31.92 Million	+5.19%
2020-09-30	RM120.86 Million ≈ $30.34 Million	-0.65%
2019-09-30	RM121.65 Million ≈ $30.54 Million	+13.18%
2018-09-30	RM107.48 Million ≈ $26.99 Million	+3.63%
2017-09-30	RM103.72 Million ≈ $26.04 Million	+5.96%
2016-09-30	RM97.89 Million ≈ $24.58 Million	+0.92%
2015-09-30	RM97.00 Million ≈ $24.35 Million	+11.49%
2014-09-30	RM87.00 Million ≈ $21.84 Million	+4.82%
2013-09-30	RM83.00 Million ≈ $20.84 Million	+2.47%
2012-09-30	RM81.00 Million ≈ $20.34 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wellcall 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 grown by 192.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	RM82.03 Million	54.37%
Common Stock	RM68.84 Million	45.63%
Total Equity	RM150.86 Million	100.00%

Wellcall Holdings Bhd Competitors by Market Cap

The table below lists competitors of Wellcall Holdings Bhd ranked by their market capitalization.

Company	Market Cap
Jagsonpal Pharmaceuticals Limited NSE:JAGSNPHARM	$148.80 Million
Annehem Fastigheter AB ST:ANNE-B	$148.80 Million
TGE Value Creative Solutions Corp NYSE:BEBE	$148.80 Million
Asflow Co. Ltd. KQ:159010	$148.90 Million
Silver X Mining Corp V:AGX	$148.73 Million
Fong Chien Construction Co Ltd TWO:5523	$148.70 Million
Theratechnologies Inc. TO:TH	$148.68 Million
Curiositystream Inc. NASDAQ:CURI	$148.66 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wellcall Holdings Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 143,105,000 to 150,862,000, a change of 7,757,000 (5.4%).
Net income of 46,597,000 contributed positively to equity growth.
Dividend payments of 38,840,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM46.60 Million	+30.89%
Dividends Paid	RM38.84 Million	-25.75%
Total Change	RM-	5.42%

Book Value vs Market Value Analysis

This analysis compares Wellcall 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: 3.93x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 6.05x to 3.93x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-09-30	RM0.20	RM1.19	x
2017-09-30	RM0.21	RM1.19	x
2018-09-30	RM0.22	RM1.19	x
2019-09-30	RM0.23	RM1.19	x
2020-09-30	RM0.24	RM1.19	x
2021-09-30	RM0.26	RM1.19	x
2022-09-30	RM0.25	RM1.19	x
2023-09-30	RM0.28	RM1.19	x
2024-09-30	RM0.29	RM1.19	x
2025-09-30	RM0.30	RM1.19	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wellcall 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): 30.89%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 25.28%
• Asset Turnover: 1.06x
• Equity Multiplier: 1.15x
Recent ROE (30.89%) is below the historical average (31.95%), 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	42.21%	25.95%	1.14x	1.43x	RM31.29 Million
2016	31.97%	23.27%	1.01x	1.37x	RM21.50 Million
2017	35.15%	22.91%	1.23x	1.24x	RM26.08 Million
2018	29.45%	18.49%	1.31x	1.21x	RM20.90 Million
2019	31.62%	21.63%	1.23x	1.19x	RM25.16 Million
2020	24.29%	21.76%	0.93x	1.20x	RM17.27 Million
2021	26.87%	21.75%	1.01x	1.23x	RM21.44 Million
2022	26.72%	18.84%	1.11x	1.28x	RM20.83 Million
2023	39.48%	25.45%	1.24x	1.25x	RM41.27 Million
2024	32.78%	22.40%	1.20x	1.22x	RM32.60 Million
2025	30.89%	25.28%	1.06x	1.15x	RM31.51 Million

Industry Comparison

This section compares Wellcall Holdings Bhd's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

Industry: Auto Parts
Average net assets among peers: $271,310,536
Average return on equity (ROE) among peers: 6.57%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wellcall Holdings Bhd (7231)	RM145.72 Million	42.21%	0.16x	$148.77 Million
Eversafe Rubber Bhd (0190)	$59.11 Million	-7.55%	1.21x	$4.83 Million
Betamek Bhd (0263)	$143.22 Million	13.99%	0.27x	$71.19 Million
APM Automotive Holdings Bhd (5015)	$1.23 Billion	3.11%	0.38x	$152.15 Million
ABM Fujiya Bhd (5198)	$163.76 Million	0.92%	0.89x	$11.75 Million
Globaltec Formation Bhd (5220)	$238.57 Million	0.98%	0.52x	$59.80 Million
Solid Automotive Bhd (5242)	$66.00 Million	13.64%	0.35x	$16.95 Million
Pecca Group Bhd (5271)	$155.35 Million	5.40%	0.10x	$261.92 Million
Feytech Holdings Berhad (5322)	$85.48 Million	32.28%	0.71x	$52.92 Million
MCE Holdings Bhd (7004)	$78.43 Million	-1.06%	0.51x	$56.70 Million
New Hoong Fatt Holdings Bhd (7060)	$489.12 Million	4.00%	0.24x	$62.68 Million

About Wellcall Holdings Bhd

KLSE:7231 Malaysia Auto Parts

Market Cap

$148.77 Million

RM592.56 Million MYR

Market Cap Rank

#17799 Global

#260 in Malaysia

Share Price

RM1.19

Change (1 day)

+0.00%

52-Week Range

RM1.18 - RM1.44

All Time High

RM1.78