Sycal Ventures Bhd (9717) - Net Assets

Latest as of June 2026: RM295.25 Million MYR ≈ $74.13 Million USD

Based on the latest financial reports, Sycal Ventures Bhd (9717) has net assets worth RM295.25 Million MYR (≈ $74.13 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM474.72 Million ≈ $119.19 Million USD) and total liabilities (RM179.47 Million ≈ $45.06 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 Sycal Ventures Bhd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM295.25 Million
% of Total Assets	62.2%
Annual Growth Rate	4.24%
5-Year Change	5.93%
10-Year Change	21.36%
Growth Volatility	5.12

Sycal Ventures Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Sycal Ventures Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Sycal Ventures Bhd (9717) market capitalisation.

Annual Net Assets for Sycal Ventures Bhd (2012–2025)

The table below shows the annual net assets of Sycal Ventures Bhd from 2012 to 2025. Also explore Sycal Ventures Bhd annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM295.25 Million ≈ $74.13 Million	+4.38%
2024-12-31	RM282.86 Million ≈ $71.02 Million	+0.42%
2023-12-31	RM281.68 Million ≈ $70.72 Million	+0.64%
2022-12-31	RM279.90 Million ≈ $70.27 Million	+0.42%
2021-12-31	RM278.72 Million ≈ $69.98 Million	+0.32%
2020-12-31	RM277.83 Million ≈ $69.75 Million	-0.16%
2019-12-31	RM278.28 Million ≈ $69.87 Million	+2.05%
2018-12-31	RM272.69 Million ≈ $68.46 Million	+7.70%
2017-12-31	RM253.20 Million ≈ $63.57 Million	+4.08%
2016-12-31	RM243.28 Million ≈ $61.08 Million	+2.13%
2015-12-31	RM238.20 Million ≈ $59.80 Million	+5.87%
2014-12-31	RM225.00 Million ≈ $56.49 Million	+18.42%
2013-12-31	RM190.00 Million ≈ $47.70 Million	+10.47%
2012-12-31	RM172.00 Million ≈ $43.18 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Sycal Ventures 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 21919600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM137.15 Million	47.04%
Other Components	RM154.38 Million	52.96%
Total Equity	RM291.53 Million	100.00%

Sycal Ventures Bhd Competitors by Market Cap

The table below lists competitors of Sycal Ventures Bhd ranked by their market capitalization.

Company	Market Cap
Maha Rashtra Apex Corporation Limited NSE:MAHAPEXLTD	$16.73 Million
FINEDIGITAL Inc KQ:038950	$16.73 Million
Y&G Corp Bhd KLSE:7003	$16.73 Million
Farmaceutica R RO:RMAH	$16.74 Million
Prajay Engineers Syndicate Limited NSE:PRAENG	$16.71 Million
Kiriacoulis Mediterranean Cruises Shipping S.A. AT:KYRI	$16.71 Million
Resource Development Group Ltd AU:RDG	$16.70 Million
Hateks Hatay Tekstil Isletmeleri AS IS:HATEK	$16.69 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 282,857,000 to 291,528,000, a change of 8,671,000 (3.1%).
Net income of 8,672,000 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM8.67 Million	+2.97%
Other Changes	RM-1.00K	-0.0%
Total Change	RM-	3.07%

Book Value vs Market Value Analysis

This analysis compares Sycal Ventures 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: 0.23x
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.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	RM0.74	RM0.16	x
2016-12-31	RM0.76	RM0.16	x
2017-12-31	RM0.73	RM0.16	x
2018-12-31	RM0.65	RM0.16	x
2019-12-31	RM0.67	RM0.16	x
2020-12-31	RM0.67	RM0.16	x
2021-12-31	RM0.67	RM0.16	x
2022-12-31	RM0.67	RM0.16	x
2023-12-31	RM0.68	RM0.16	x
2024-12-31	RM0.68	RM0.16	x
2025-12-31	RM0.70	RM0.16	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sycal Ventures 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): 2.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.45%
• Asset Turnover: 0.13x
• Equity Multiplier: 1.63x
Recent ROE (2.97%) is above the historical average (1.69%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	7.26%	5.38%	0.61x	2.22x	RM-6.53 Million
2016	2.23%	3.92%	0.26x	2.22x	RM-18.91 Million
2017	0.96%	2.94%	0.16x	2.02x	RM-22.89 Million
2018	0.94%	3.61%	0.15x	1.68x	RM-24.71 Million
2019	2.09%	10.79%	0.11x	1.79x	RM-22.00 Million
2020	0.36%	1.39%	0.15x	1.70x	RM-26.78 Million
2021	0.46%	1.92%	0.14x	1.66x	RM-26.60 Million
2022	0.59%	2.28%	0.15x	1.67x	RM-26.34 Million
2023	0.68%	2.49%	0.16x	1.73x	RM-26.26 Million
2024	0.08%	0.57%	0.08x	1.66x	RM-28.06 Million
2025	2.97%	14.45%	0.13x	1.63x	RM-20.48 Million

Industry Comparison

This section compares Sycal Ventures Bhd's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $85,350,830
Average return on equity (ROE) among peers: -2.90%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sycal Ventures Bhd (9717)	RM295.25 Million	7.26%	0.61x	$16.72 Million
Southern Score Builders Berhad (0045)	$157.71 Million	19.94%	0.51x	$353.75 Million
Ecobuilt Holdings Bhd (0059)	$17.37 Million	3.42%	0.04x	$3.70 Million
Mega Sun City Holdings Bhd (0081)	$43.11 Million	-17.90%	0.02x	$3.72 Million
Waja Konsortium Bhd (0102)	$40.78 Million	-60.22%	0.77x	$14.00 Million
Kelington Group Bhd (0151)	$243.12 Million	22.93%	3.34x	$1.65 Billion
Widad Group Bhd (0162)	$26.28 Million	-3.31%	1.19x	$11.75 Million
Pasukhas Group Bhd (0177)	$101.62 Million	-32.94%	0.53x	$4.31 Million
HSS Engineers Bhd (0185)	$35.94 Million	28.20%	1.15x	$60.64 Million
Cabnet Holdings Bhd (0191)	$48.01 Million	5.04%	0.57x	$9.20 Million
Inta Bina Group Bhd (0192)	$139.57 Million	5.80%	1.42x	$57.87 Million

About Sycal Ventures Bhd

KLSE:9717 Malaysia Engineering & Construction

Market Cap

$16.72 Million

RM66.61 Million MYR

Market Cap Rank

#25748 Global

#726 in Malaysia

Share Price

RM0.16

Change (1 day)

-3.03%

52-Week Range

RM0.16 - RM0.20

All Time High

RM0.47