Taliworks Corporation Bhd (8524) - Net Assets
Based on the latest financial reports, Taliworks Corporation Bhd (8524) has net assets worth RM1.02 Billion MYR (≈ $254.86 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 (RM1.65 Billion ≈ $414.26 Million USD) and total liabilities (RM634.92 Million ≈ $159.41 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 8524 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM1.02 Billion |
| % of Total Assets | 61.52% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | -11.92% |
| 10-Year Change | -27.09% |
| Growth Volatility | 28.61 |
Taliworks Corporation Bhd - Net Assets Trend (2006–2025)
This chart illustrates how Taliworks Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Check 8524 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Taliworks Corporation Bhd (2006–2025)
The table below shows the annual net assets of Taliworks Corporation Bhd from 2006 to 2025. For live valuation and market cap data, see Taliworks Corporation Bhd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM1.02 Billion ≈ $255.94 Million |
+5.92% |
| 2024-12-31 | RM962.41 Million ≈ $241.63 Million |
-0.15% |
| 2023-12-31 | RM963.86 Million ≈ $241.99 Million |
-8.02% |
| 2022-12-31 | RM1.05 Billion ≈ $263.08 Million |
-9.47% |
| 2021-12-31 | RM1.16 Billion ≈ $290.60 Million |
-4.16% |
| 2020-12-31 | RM1.21 Billion ≈ $303.22 Million |
-6.59% |
| 2019-12-31 | RM1.29 Billion ≈ $324.61 Million |
-2.22% |
| 2018-12-31 | RM1.32 Billion ≈ $331.98 Million |
-0.42% |
| 2017-12-31 | RM1.33 Billion ≈ $333.38 Million |
-5.03% |
| 2016-12-31 | RM1.40 Billion ≈ $351.05 Million |
-2.44% |
| 2015-12-31 | RM1.43 Billion ≈ $359.82 Million |
+4.20% |
| 2014-12-31 | RM1.38 Billion ≈ $345.32 Million |
+125.28% |
| 2013-12-31 | RM610.55 Million ≈ $153.29 Million |
+6.51% |
| 2012-12-31 | RM573.21 Million ≈ $143.91 Million |
+11.80% |
| 2011-12-31 | RM512.69 Million ≈ $128.72 Million |
+6.78% |
| 2010-12-31 | RM480.12 Million ≈ $120.54 Million |
+25.91% |
| 2009-12-31 | RM381.31 Million ≈ $95.74 Million |
+6.79% |
| 2008-12-31 | RM357.08 Million ≈ $89.65 Million |
+7.03% |
| 2007-12-31 | RM333.62 Million ≈ $83.76 Million |
+6.14% |
| 2006-12-31 | RM314.33 Million ≈ $78.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Taliworks 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 grown by 166.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM273.74 Million | 38.40% |
| Common Stock | RM438.35 Million | 61.49% |
| Other Comprehensive Income | RM835.00K | 0.12% |
| Total Equity | RM712.93 Million | 100.00% |
Taliworks Corporation Bhd Competitors by Market Cap
The table below lists competitors of Taliworks Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Douglas Elliman Inc
NYSE:DOUG
|
$164.54 Million |
|
Molecular Partners AG ADR
NASDAQ:MOLN
|
$164.56 Million |
|
Tianjin Capital Environmental Protection Group Company Limited
F:TIA
|
$164.56 Million |
|
Banque nationale de Belgique Société anonyme
BR:BNB
|
$164.61 Million |
|
Cyberlink Co
TW:5203
|
$164.40 Million |
|
Korea Air Svc
KO:005430
|
$164.35 Million |
|
Atlan Holdings Bhd
KLSE:7048
|
$164.30 Million |
|
BIDV Insurance Corp
VN:BIC
|
$164.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taliworks Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 668,981,000 to 712,933,000, a change of 43,952,000 (6.6%).
- Net income of 83,540,000 contributed positively to equity growth.
- Dividend payments of 40,316,000 reduced retained earnings.
- Other comprehensive income increased equity by 835,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM83.54 Million | +11.72% |
| Dividends Paid | RM40.32 Million | -5.65% |
| Other Comprehensive Income | RM835.00K | +0.12% |
| Other Changes | RM-107.00K | -0.02% |
| Total Change | RM- | 6.57% |
Book Value vs Market Value Analysis
This analysis compares Taliworks 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: 0.92x
- 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 1.58x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | RM0.21 | RM0.33 | x |
| 2007-12-31 | RM0.21 | RM0.33 | x |
| 2008-12-31 | RM0.22 | RM0.33 | x |
| 2009-12-31 | RM0.24 | RM0.33 | x |
| 2010-12-31 | RM0.29 | RM0.33 | x |
| 2011-12-31 | RM0.28 | RM0.33 | x |
| 2012-12-31 | RM0.31 | RM0.33 | x |
| 2013-12-31 | RM0.33 | RM0.33 | x |
| 2014-12-31 | RM0.47 | RM0.33 | x |
| 2015-12-31 | RM0.62 | RM0.33 | x |
| 2016-12-31 | RM0.56 | RM0.33 | x |
| 2017-12-31 | RM0.52 | RM0.33 | x |
| 2018-12-31 | RM0.52 | RM0.33 | x |
| 2019-12-31 | RM0.51 | RM0.33 | x |
| 2020-12-31 | RM0.48 | RM0.33 | x |
| 2021-12-31 | RM0.45 | RM0.33 | x |
| 2022-12-31 | RM0.39 | RM0.33 | x |
| 2023-12-31 | RM0.35 | RM0.33 | x |
| 2024-12-31 | RM0.33 | RM0.33 | x |
| 2025-12-31 | RM0.35 | RM0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taliworks 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): 11.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.09%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.41x
- Recent ROE (11.72%) is above the historical average (9.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 11.37% | 24.95% | 0.41x | 1.12x | RM4.30 Million |
| 2007 | 10.25% | 17.67% | 0.32x | 1.84x | RM822.60K |
| 2008 | 13.01% | 20.21% | 0.34x | 1.89x | RM10.59 Million |
| 2009 | 10.27% | 24.26% | 0.28x | 1.49x | RM1.01 Million |
| 2010 | 6.16% | 16.99% | 0.32x | 1.13x | RM-18.23 Million |
| 2011 | 6.44% | 19.37% | 0.19x | 1.74x | RM-17.97 Million |
| 2012 | 7.59% | 16.97% | 0.26x | 1.73x | RM-13.64 Million |
| 2013 | 4.63% | 9.94% | 0.27x | 1.74x | RM-32.55 Million |
| 2014 | 35.37% | 86.22% | 0.12x | 3.28x | RM216.07 Million |
| 2015 | 7.55% | 21.65% | 0.14x | 2.54x | RM-28.11 Million |
| 2016 | 11.37% | 45.83% | 0.11x | 2.19x | RM15.33 Million |
| 2017 | 2.76% | 8.26% | 0.15x | 2.25x | RM-76.27 Million |
| 2018 | 9.47% | 27.95% | 0.15x | 2.31x | RM-5.60 Million |
| 2019 | 7.38% | 21.18% | 0.15x | 2.28x | RM-27.10 Million |
| 2020 | 6.20% | 19.70% | 0.15x | 2.16x | RM-36.45 Million |
| 2021 | 8.68% | 32.23% | 0.13x | 2.15x | RM-11.98 Million |
| 2022 | 7.00% | 17.70% | 0.17x | 2.36x | RM-23.60 Million |
| 2023 | 6.03% | 11.20% | 0.21x | 2.54x | RM-27.63 Million |
| 2024 | 10.93% | 19.20% | 0.23x | 2.53x | RM6.24 Million |
| 2025 | 11.72% | 18.09% | 0.27x | 2.41x | RM12.25 Million |
Industry Comparison
This section compares Taliworks Corporation Bhd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $262,422,992
- Average return on equity (ROE) among peers: -1.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taliworks Corporation Bhd (8524) | RM1.02 Billion | 11.37% | 0.63x | $164.48 Million |
| JAG Bhd (0024) | $196.39 Million | -4.24% | 0.67x | $63.35 Million |
| Tex Cycle Technology M Bhd (0089) | $123.06 Million | 7.63% | 0.31x | $66.61 Million |
| Progressive Impact Corporation Bhd (7201) | $88.24 Million | -8.39% | 0.88x | $9.87 Million |
| Salcon Engineering Berhad (8567) | $642.00 Million | 0.78% | 0.48x | $58.43 Million |
About Taliworks Corporation Bhd
Taliworks Corporation Berhad, an investment holding company, operates, manages, and maintains water treatment plants in Malaysia. It operates through Water, Construction, Toll Highway, Waste Management, Renewable Energy, and Others segments. The company is involved in water treatment and supply activities; provision of contracting, project, and management services relating to construction contrac… Read more