WCT Holdings Bhd (9679) - Net Assets

Latest as of March 2026: RM3.30 Billion MYR ≈ $827.27 Million USD

Based on the latest financial reports, WCT Holdings Bhd (9679) has net assets worth RM3.30 Billion MYR (≈ $827.27 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 (RM7.71 Billion ≈ $1.94 Billion USD) and total liabilities (RM4.42 Billion ≈ $1.11 Billion 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 WCT Holdings Bhd strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM3.30 Billion
% of Total Assets	42.74%
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. For live market cap and overall valuation, see market cap of WCT Holdings Bhd.

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. Also explore net asset growth rate of WCT Holdings Bhd to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM3.30 Billion ≈ $828.06 Million	-12.69%
2024-12-31	RM3.78 Billion ≈ $948.42 Million	+31.77%
2023-12-31	RM2.87 Billion ≈ $719.74 Million	-26.62%
2022-12-31	RM3.91 Billion ≈ $980.80 Million	+3.86%
2021-12-31	RM3.76 Billion ≈ $944.32 Million	+2.19%
2020-12-31	RM3.68 Billion ≈ $924.12 Million	-1.09%
2019-12-31	RM3.72 Billion ≈ $934.35 Million	+17.67%
2018-12-31	RM3.16 Billion ≈ $794.01 Million	+0.50%
2017-12-31	RM3.15 Billion ≈ $790.03 Million	+12.46%
2016-12-31	RM2.80 Billion ≈ $702.48 Million	+5.70%
2015-12-31	RM2.65 Billion ≈ $664.60 Million	+15.74%
2014-12-31	RM2.29 Billion ≈ $574.23 Million	+1.36%
2013-12-31	RM2.26 Billion ≈ $566.50 Million	+20.83%
2012-12-31	RM1.87 Billion ≈ $468.85 Million	+7.07%
2011-12-31	RM1.74 Billion ≈ $437.89 Million	+13.95%
2010-12-31	RM1.53 Billion ≈ $384.27 Million	+2.93%
2009-12-31	RM1.49 Billion ≈ $373.33 Million	+9.56%
2008-12-31	RM1.36 Billion ≈ $340.76 Million	+16.22%
2007-12-31	RM1.17 Billion ≈ $293.20 Million	+54.44%
2006-12-31	RM756.17 Million ≈ $189.85 Million	+18.87%
2005-12-31	RM636.13 Million ≈ $159.71 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
Castles Technology Co Ltd TW:5258	$144.83 Million
Nerdy Inc NYSE:NRDY	$144.88 Million
Tribeca Global Natural Resources Ltd AU:TGF	$144.96 Million
IZMO Limited NSE:IZMO	$144.99 Million
Expleo Solutions Limited NSE:EXPLEOSOL	$144.78 Million
Huangshan Tourism Development Co Ltd B SHG:900942	$144.77 Million
Photocure OL:PHO	$144.74 Million
Bank Jabar JK:BJBR	$144.72 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 78,646,000.
Other factors decreased equity by 454,514,000.

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-78.65 Million	-2.35%
Other Changes	RM-454.51 Million	-13.57%
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: 0.17x
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 0.37x to 0.17x 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	RM0.37	x
2006-12-31	RM0.81	RM0.37	x
2007-12-31	RM1.06	RM0.37	x
2008-12-31	RM1.19	RM0.37	x
2009-12-31	RM1.25	RM0.37	x
2010-12-31	RM1.24	RM0.37	x
2011-12-31	RM1.13	RM0.37	x
2012-12-31	RM1.65	RM0.37	x
2013-12-31	RM1.79	RM0.37	x
2014-12-31	RM1.89	RM0.37	x
2015-12-31	RM2.18	RM0.37	x
2016-12-31	RM2.13	RM0.37	x
2017-12-31	RM2.20	RM0.37	x
2018-12-31	RM2.18	RM0.37	x
2019-12-31	RM2.63	RM0.37	x
2020-12-31	RM2.63	RM0.37	x
2021-12-31	RM2.70	RM0.37	x
2022-12-31	RM2.79	RM0.37	x
2023-12-31	RM2.04	RM0.37	x
2024-12-31	RM2.63	RM0.37	x
2025-12-31	RM2.15	RM0.37	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: 3.97%
• Asset Turnover: 0.26x
• 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%	3.97%	0.26x	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: $81,484,006
Average return on equity (ROE) among peers: -9.46%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
WCT Holdings Bhd (9679)	RM3.30 Billion	17.63%	1.34x	$144.81 Million
Southern Score Builders Berhad (0045)	$-6.44 Million	0.00%	0.00x	$353.75 Million
Ecobuilt Holdings Bhd (0059)	$34.50 Million	4.23%	4.18x	$3.70 Million
Mega Sun City Holdings Bhd (0081)	$65.34 Million	-44.66%	0.02x	$3.72 Million
Waja Konsortium Bhd (0102)	$36.86 Million	-117.43%	0.45x	$14.00 Million
Kelington Group Bhd (0151)	$40.24 Million	21.22%	0.72x	$1.65 Billion
Widad Group Bhd (0162)	$180.69 Million	2.22%	1.27x	$11.75 Million
Pasukhas Group Bhd (0177)	$165.33 Million	-11.64%	0.37x	$4.31 Million
HSS Engineers Bhd (0185)	$227.91 Million	1.33%	0.61x	$60.64 Million
Cabnet Holdings Bhd (0191)	$27.59 Million	23.23%	0.49x	$9.20 Million
Inta Bina Group Bhd (0192)	$42.82 Million	26.88%	3.68x	$57.87 Million

About WCT Holdings Bhd

KLSE:9679 Malaysia Engineering & Construction

Market Cap

$144.81 Million

RM576.79 Million MYR

Market Cap Rank

#17884 Global

#263 in Malaysia

Share Price

RM0.37

Change (1 day)

-1.33%

52-Week Range

RM0.36 - RM0.85

All Time High

RM2.09