Salcon Engineering Berhad (8567) - Net Assets
Based on the latest financial reports, Salcon Engineering Berhad (8567) has net assets worth RM453.27 Million MYR (≈ $113.80 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 (RM666.00 Million ≈ $167.21 Million USD) and total liabilities (RM212.73 Million ≈ $53.41 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. Check 8567 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM453.27 Million |
| % of Total Assets | 68.06% |
| Annual Growth Rate | -2.61% |
| 5-Year Change | 0.09% |
| 10-Year Change | -5.93% |
| Growth Volatility | 8.66 |
Salcon Engineering Berhad - Net Assets Trend (2012–2025)
This chart illustrates how Salcon Engineering Berhad's net assets have evolved over time, based on quarterly financial data. Also explore 8567 asset base for the complete picture of this company's asset base.
Annual Net Assets for Salcon Engineering Berhad (2012–2025)
The table below shows the annual net assets of Salcon Engineering Berhad from 2012 to 2025. For live valuation and market cap data, see Salcon Engineering Berhad (8567) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM455.27 Million ≈ $114.30 Million |
+10.65% |
| 2024-12-31 | RM411.45 Million ≈ $103.30 Million |
+5.75% |
| 2023-12-31 | RM389.07 Million ≈ $97.68 Million |
-8.46% |
| 2022-12-31 | RM425.03 Million ≈ $106.71 Million |
-6.55% |
| 2021-12-31 | RM454.83 Million ≈ $114.19 Million |
+2.09% |
| 2020-12-31 | RM445.51 Million ≈ $111.85 Million |
+4.03% |
| 2019-12-31 | RM428.24 Million ≈ $107.52 Million |
-5.08% |
| 2018-12-31 | RM451.16 Million ≈ $113.27 Million |
-1.53% |
| 2017-12-31 | RM458.16 Million ≈ $115.03 Million |
-5.34% |
| 2016-12-31 | RM483.98 Million ≈ $121.51 Million |
-19.87% |
| 2015-12-31 | RM604.00 Million ≈ $151.64 Million |
-5.92% |
| 2014-12-31 | RM642.00 Million ≈ $161.19 Million |
-10.96% |
| 2013-12-31 | RM721.00 Million ≈ $181.02 Million |
+12.31% |
| 2012-12-31 | RM642.00 Million ≈ $161.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Salcon Engineering Berhad'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 151.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RM488.34 Million | 107.74% |
| Total Equity | RM453.27 Million | 100.00% |
Salcon Engineering Berhad Competitors by Market Cap
The table below lists competitors of Salcon Engineering Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Derluks Yatirim Holding AS
IS:DERHL
|
$64.16 Million |
|
Marchex Inc
NASDAQ:MCHX
|
$64.21 Million |
|
Beyaz Filo Oto Kiralama AS
IS:BEYAZ
|
$64.21 Million |
|
Woosu AMS Co.Ltd
KQ:066590
|
$64.22 Million |
|
Castellum Inc.
NYSE MKT:CTM
|
$64.12 Million |
|
Shanghai Guijiu Co Ltd
SHG:600696
|
$64.12 Million |
|
EuroDry Ltd
NASDAQ:EDRY
|
$64.11 Million |
|
Huikwang
TWO:6508
|
$64.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Salcon Engineering Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 411,450,000 to 453,266,000, a change of 41,816,000 (10.2%).
- Net income of 11,590,000 contributed positively to equity growth.
- Share repurchases of 30,044,000 reduced equity.
- New share issuances of 30,044,000 increased equity.
- Other factors increased equity by 30,226,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM11.59 Million | +2.56% |
| Share Repurchases | RM30.04 Million | -6.63% |
| Share Issuances | RM30.04 Million | +6.63% |
| Other Changes | RM30.23 Million | +6.67% |
| Total Change | RM- | 10.16% |
Book Value vs Market Value Analysis
This analysis compares Salcon Engineering Berhad'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: 0.56x
- 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 increased from 0.44x to 0.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | RM0.51 | RM0.23 | x |
| 2017-12-31 | RM0.49 | RM0.23 | x |
| 2018-12-31 | RM0.51 | RM0.23 | x |
| 2019-12-31 | RM0.48 | RM0.23 | x |
| 2020-12-31 | RM0.42 | RM0.23 | x |
| 2021-12-31 | RM0.43 | RM0.23 | x |
| 2022-12-31 | RM0.41 | RM0.23 | x |
| 2023-12-31 | RM0.38 | RM0.23 | x |
| 2024-12-31 | RM0.40 | RM0.23 | x |
| 2025-12-31 | RM0.40 | RM0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Salcon Engineering Berhad 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): 2.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.09%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.47x
- Recent ROE (2.56%) is above the historical average (-0.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.45% | 11.97% | 0.14x | 1.50x | RM-36.55 Million |
| 2017 | -5.20% | -11.54% | 0.33x | 1.37x | RM-69.64 Million |
| 2018 | 0.47% | 1.62% | 0.21x | 1.35x | RM-43.00 Million |
| 2019 | -2.02% | -4.52% | 0.33x | 1.34x | RM-51.47 Million |
| 2020 | -1.36% | -3.12% | 0.33x | 1.34x | RM-50.62 Million |
| 2021 | 2.63% | 4.17% | 0.43x | 1.45x | RM-33.51 Million |
| 2022 | -5.72% | -11.92% | 0.34x | 1.40x | RM-66.83 Million |
| 2023 | -5.45% | -13.71% | 0.27x | 1.48x | RM-60.10 Million |
| 2024 | 3.92% | 5.40% | 0.45x | 1.61x | RM-25.04 Million |
| 2025 | 2.56% | 3.09% | 0.56x | 1.47x | RM-33.74 Million |
Industry Comparison
This section compares Salcon Engineering Berhad's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $214,006,280
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Salcon Engineering Berhad (8567) | RM453.27 Million | 2.45% | 0.47x | $64.13 Million |
| JAG Bhd (0024) | $220.36 Million | 8.69% | 0.23x | $62.83 Million |
| Tex Cycle Technology M Bhd (0089) | $186.33 Million | 8.92% | 0.26x | $69.94 Million |
| Progressive Impact Corporation Bhd (7201) | $135.00 Million | 5.93% | 0.24x | $8.23 Million |
| Taliworks Corporation Bhd (8524) | $314.33 Million | 11.34% | 0.12x | $202.44 Million |
About Salcon Engineering Berhad
Salcon Berhad operates as water and wastewater engineering company in Malaysia, the United States, India, the United Kingdom, and internationally. It operates in six segments: Constructions, Glove Manufacturing, Trading and Services, Property Development, Healthcare, and Investment Holding. The company engages in the investment, design, engineering, procurement, construction, installation, testin… Read more