WCT Holdings Bhd
WCT Holdings Berhad, an investment holding company, engages in the engineering and construction, property development, and property investment and management activities in Malaysia, the Middle East, India, and internationally. It offers engineering and construction works in Formula 1 racing circuits, mass rapid transit (MRT), airports, dams and water supply schemes, expressways and highways, shop… Read more
WCT Holdings Bhd (9679) - Net Assets
Latest net assets as of December 2025: RM3.30 Billion MYR
Based on the latest financial reports, WCT Holdings Bhd (9679) has net assets worth RM3.30 Billion MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM7.78 Billion) and total liabilities (RM4.49 Billion). 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 | RM3.30 Billion |
| % of Total Assets | 42.37% |
| Annual Growth Rate | 8.58% |
| 5-Year Change | -12.31% |
| 10-Year Change | 17.88% |
| Growth Volatility | 15.99 |
WCT Holdings Bhd - Net Assets Trend (2005–2025)
This chart illustrates how WCT Holdings 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 WCT Holdings Bhd (2005–2025)
The table below shows the annual net assets of WCT Holdings Bhd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RM3.30 Billion | -12.69% |
| 2024-12-31 | RM3.78 Billion | +31.77% |
| 2023-12-31 | RM2.87 Billion | -26.62% |
| 2022-12-31 | RM3.91 Billion | +3.86% |
| 2021-12-31 | RM3.76 Billion | +2.19% |
| 2020-12-31 | RM3.68 Billion | -1.09% |
| 2019-12-31 | RM3.72 Billion | +17.67% |
| 2018-12-31 | RM3.16 Billion | +0.50% |
| 2017-12-31 | RM3.15 Billion | +12.46% |
| 2016-12-31 | RM2.80 Billion | +5.70% |
| 2015-12-31 | RM2.65 Billion | +15.74% |
| 2014-12-31 | RM2.29 Billion | +1.36% |
| 2013-12-31 | RM2.26 Billion | +20.83% |
| 2012-12-31 | RM1.87 Billion | +7.07% |
| 2011-12-31 | RM1.74 Billion | +13.95% |
| 2010-12-31 | RM1.53 Billion | +2.93% |
| 2009-12-31 | RM1.49 Billion | +9.56% |
| 2008-12-31 | RM1.36 Billion | +16.22% |
| 2007-12-31 | RM1.17 Billion | +54.44% |
| 2006-12-31 | RM756.17 Million | +18.87% |
| 2005-12-31 | RM636.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WCT 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 149573700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM1.50 Billion | 44.64% |
| Common Stock | RM3.34 Billion | 99.61% |
| Other Comprehensive Income | RM-1.57 Billion | -46.76% |
| Other Components | RM83.94 Million | 2.51% |
| Total Equity | RM3.35 Billion | 100.00% |
WCT Holdings Bhd Competitors by Market Cap
The table below lists competitors of WCT Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Resources Connection Inc
NASDAQ:RGP
|
$109.64 Million |
|
Advanced Information Technology Public Company Limited
BK:AIT
|
$109.65 Million |
|
Hercules Metals Corp.
V:BIG
|
$109.67 Million |
|
JEIO CO LTD (PROPOSED)
KQ:418550
|
$109.70 Million |
|
Aduro Clean Technologies Inc. Common Stock
OTCQX:ADUR
|
$109.58 Million |
|
Alexander Marine Co Ltd
TW:8478
|
$109.56 Million |
|
Unitech Computer Co Ltd
TW:2414
|
$109.54 Million |
|
Tatry Mountain
WAR:TMR
|
$109.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WCT Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,835,642,000 to 3,350,296,000, a change of -485,346,000 (-12.7%).
- Net income of 79,947,000 contributed positively to equity growth.
- Dividend payments of 32,133,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,566,505,000.
- Other factors increased equity by 1,033,345,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM79.95 Million | +2.39% |
| Dividends Paid | RM32.13 Million | -0.96% |
| Other Comprehensive Income | RM-1.57 Billion | -46.76% |
| Other Changes | RM1.03 Billion | +30.84% |
| Total Change | RM- | -12.65% |
Book Value vs Market Value Analysis
This analysis compares WCT 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: 0.20x
- 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 0.43x to 0.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | RM1.01 | RM0.43 | x |
| 2006-12-31 | RM0.81 | RM0.43 | x |
| 2007-12-31 | RM1.06 | RM0.43 | x |
| 2008-12-31 | RM1.19 | RM0.43 | x |
| 2009-12-31 | RM1.25 | RM0.43 | x |
| 2010-12-31 | RM1.24 | RM0.43 | x |
| 2011-12-31 | RM1.13 | RM0.43 | x |
| 2012-12-31 | RM1.65 | RM0.43 | x |
| 2013-12-31 | RM1.79 | RM0.43 | x |
| 2014-12-31 | RM1.89 | RM0.43 | x |
| 2015-12-31 | RM2.18 | RM0.43 | x |
| 2016-12-31 | RM2.13 | RM0.43 | x |
| 2017-12-31 | RM2.20 | RM0.43 | x |
| 2018-12-31 | RM2.18 | RM0.43 | x |
| 2019-12-31 | RM2.63 | RM0.43 | x |
| 2020-12-31 | RM2.63 | RM0.43 | x |
| 2021-12-31 | RM2.70 | RM0.43 | x |
| 2022-12-31 | RM2.79 | RM0.43 | x |
| 2023-12-31 | RM2.04 | RM0.43 | x |
| 2024-12-31 | RM2.63 | RM0.43 | x |
| 2025-12-31 | RM2.15 | RM0.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WCT 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): 2.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.05%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.32x
- Recent ROE (2.39%) is below the historical average (8.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 17.63% | 11.41% | 0.48x | 3.19x | RM40.75 Million |
| 2006 | 19.42% | 8.23% | 0.62x | 3.82x | RM55.90 Million |
| 2007 | 25.78% | 8.24% | 0.80x | 3.92x | RM140.25 Million |
| 2008 | 12.27% | 3.84% | 0.85x | 3.77x | RM26.97 Million |
| 2009 | 17.21% | 4.63% | 1.04x | 3.57x | RM90.47 Million |
| 2010 | 16.70% | 12.27% | 0.38x | 3.63x | RM84.11 Million |
| 2011 | 11.15% | 10.59% | 0.34x | 3.13x | RM16.78 Million |
| 2012 | 19.82% | 23.00% | 0.29x | 2.98x | RM177.82 Million |
| 2013 | 8.96% | 11.96% | 0.30x | 2.51x | RM-22.88 Million |
| 2014 | 5.50% | 7.43% | 0.27x | 2.79x | RM-100.52 Million |
| 2015 | 8.02% | 12.60% | 0.25x | 2.59x | RM-51.65 Million |
| 2016 | 2.47% | 3.54% | 0.26x | 2.66x | RM-208.04 Million |
| 2017 | 4.93% | 8.15% | 0.23x | 2.59x | RM-159.24 Million |
| 2018 | 3.38% | 4.72% | 0.26x | 2.72x | RM-211.05 Million |
| 2019 | -0.91% | -1.88% | 0.21x | 2.35x | RM-409.75 Million |
| 2020 | -4.83% | -10.63% | 0.20x | 2.31x | RM-551.93 Million |
| 2021 | 3.81% | 8.55% | 0.21x | 2.16x | RM-235.59 Million |
| 2022 | 4.47% | 8.40% | 0.25x | 2.10x | RM-218.96 Million |
| 2023 | -7.11% | -11.93% | 0.20x | 2.99x | RM-495.72 Million |
| 2024 | 8.47% | 17.81% | 0.20x | 2.36x | RM-58.81 Million |
| 2025 | 2.39% | 4.05% | 0.25x | 2.32x | RM-255.08 Million |
Industry Comparison
This section compares WCT Holdings Bhd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $122,625,026
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WCT Holdings Bhd (9679) | RM3.30 Billion | 17.63% | 1.36x | $109.64 Million |
| Southern Score Builders Berhad (0045) | $185.91 Million | 21.63% | 0.66x | $100.69 Million |
| Mega Sun City Holdings Bhd (0081) | $63.83 Million | 5.86% | 0.08x | $774.65K |
| Waja Konsortium Bhd (0102) | $41.21 Million | 2.11% | 0.40x | $3.75 Million |
| Kelington Group Bhd (0151) | $21.62 Million | 30.56% | 1.09x | $533.88 Million |
| Widad Group Bhd (0162) | $456.36 Million | -3.64% | 1.38x | $3.73 Million |
| Pasukhas Group Bhd (0177) | $74.27 Million | -9.78% | 1.27x | $1.72 Million |
| HSS Engineers Bhd (0185) | $227.91 Million | 1.33% | 0.61x | $19.35 Million |
| Cabnet Holdings Bhd (0191) | $44.67 Million | 2.71% | 1.17x | $1.84 Million |
| Inta Bina Group Bhd (0192) | $99.86 Million | 15.42% | 1.52x | $19.05 Million |
| Kejuruteraan Asastera Bhd (0193) | $10.62 Million | 42.83% | 4.18x | $86.27 Million |