PT Indah Kiat Pulp & Paper Tbk
PT Indah Kiat Pulp & Paper Tbk manufactures and sells cultural paper, pulp, tissue, and industrial paper in Indonesia, rest of Asia, the United States, Australia, the Middle East, Africa, and Europe. The company provides cigarette packaging board, corrugated carton box, corrugated carton sheet, folding box, ivory, triplex, duplex, food packaging board, corrugating medium, test liner, single face … Read more
PT Indah Kiat Pulp & Paper Tbk (IKP) - Net Assets
Latest net assets as of September 2025: €6.72 Billion EUR
Based on the latest financial reports, PT Indah Kiat Pulp & Paper Tbk (IKP) has net assets worth €6.72 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€12.49 Billion) and total liabilities (€5.77 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 | €6.72 Billion |
| % of Total Assets | 53.8% |
| Annual Growth Rate | 9.79% |
| 5-Year Change | 50.79% |
| 10-Year Change | 144.3% |
| Growth Volatility | 4.45 |
PT Indah Kiat Pulp & Paper Tbk - Net Assets Trend (2013–2024)
This chart illustrates how PT Indah Kiat Pulp & Paper Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PT Indah Kiat Pulp & Paper Tbk (2013–2024)
The table below shows the annual net assets of PT Indah Kiat Pulp & Paper Tbk from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €6.41 Billion | +6.80% |
| 2023-12-31 | €6.00 Billion | +7.04% |
| 2022-12-31 | €5.61 Billion | +17.79% |
| 2021-12-31 | €4.76 Billion | +11.98% |
| 2020-12-31 | €4.25 Billion | +6.09% |
| 2019-12-31 | €4.01 Billion | +6.21% |
| 2018-12-31 | €3.77 Billion | +17.21% |
| 2017-12-31 | €3.22 Billion | +14.13% |
| 2016-12-31 | €2.82 Billion | +7.48% |
| 2015-12-31 | €2.62 Billion | +9.27% |
| 2014-12-31 | €2.40 Billion | +4.64% |
| 2013-12-31 | €2.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Indah Kiat Pulp & Paper Tbk'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 4101.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.15 Billion | 64.78% |
| Other Components | €2.26 Billion | 35.22% |
| Total Equity | €6.41 Billion | 100.00% |
PT Indah Kiat Pulp & Paper Tbk Competitors by Market Cap
The table below lists competitors of PT Indah Kiat Pulp & Paper Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Petrindo Jaya Kreasi Tbk
JK:CUAN
|
$1.03 Billion |
|
Hygeia Healthcare Holdings Co Ltd
PINK:HYHHF
|
$1.04 Billion |
|
Metalurgica Gerdau S.A
SA:GOAU3
|
$1.04 Billion |
|
Uni-President China Holdings Ltd
PINK:UNPSF
|
$1.04 Billion |
|
CVR Partners LP
NYSE:UAN
|
$1.03 Billion |
|
Jiangsu Lettall Electronic Co Ltd
SHG:603629
|
$1.03 Billion |
|
Proximus NV
BR:PROX
|
$1.03 Billion |
|
Perenti Ltd
AU:PRN
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Indah Kiat Pulp & Paper Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,999,588,000 to 6,407,769,000, a change of 408,181,000 (6.8%).
- Net income of 424,308,000 contributed positively to equity growth.
- Dividend payments of 16,849,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €424.31 Million | +6.62% |
| Dividends Paid | €16.85 Million | -0.26% |
| Other Changes | €722.00K | +0.01% |
| Total Change | €- | 6.80% |
Book Value vs Market Value Analysis
This analysis compares PT Indah Kiat Pulp & Paper Tbk'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: 0.38x
- 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 0.76x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.59 | €0.45 | x |
| 2018-12-31 | €0.69 | €0.45 | x |
| 2019-12-31 | €0.73 | €0.45 | x |
| 2020-12-31 | €0.78 | €0.45 | x |
| 2021-12-31 | €0.87 | €0.45 | x |
| 2022-12-31 | €1.02 | €0.45 | x |
| 2023-12-31 | €1.10 | €0.45 | x |
| 2024-12-31 | €1.17 | €0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Indah Kiat Pulp & Paper Tbk 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): 6.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.28%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.84x
- Recent ROE (6.62%) is below the historical average (9.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.64% | 8.34% | 0.39x | 2.95x | €-8.30 Million |
| 2014 | 5.26% | 4.79% | 0.40x | 2.72x | €-113.69 Million |
| 2015 | 8.49% | 7.86% | 0.40x | 2.68x | €-39.49 Million |
| 2016 | 7.19% | 7.45% | 0.40x | 2.44x | €-79.19 Million |
| 2017 | 12.84% | 13.21% | 0.41x | 2.37x | €91.49 Million |
| 2018 | 15.60% | 17.63% | 0.38x | 2.32x | €211.03 Million |
| 2019 | 6.85% | 8.51% | 0.38x | 2.12x | €-126.14 Million |
| 2020 | 6.92% | 9.85% | 0.35x | 2.00x | €-130.86 Million |
| 2021 | 11.08% | 14.99% | 0.39x | 1.89x | €51.26 Million |
| 2022 | 15.30% | 21.42% | 0.42x | 1.72x | €297.04 Million |
| 2023 | 6.86% | 11.83% | 0.34x | 1.69x | €-188.50 Million |
| 2024 | 6.62% | 13.28% | 0.27x | 1.84x | €-216.47 Million |
Industry Comparison
This section compares PT Indah Kiat Pulp & Paper Tbk's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $63,921,095,403
- Average return on equity (ROE) among peers: 8.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Indah Kiat Pulp & Paper Tbk (IKP) | €6.72 Billion | 9.64% | 0.86x | $1.03 Billion |
| CPH Group AG (1L6) | $436.27 Million | 18.08% | 0.37x | $203.56 Million |
| Nippon Paper Industries Co. Ltd (9NI) | $459.98 Billion | 6.53% | 2.26x | $713.41 Million |
| Glatfelter Corporation (GLN) | $577.93 Million | 3.69% | 1.23x | $5.74 Million |
| KHD Humboldt Wedag Vermögensverwaltungs-AG (HETA) | $5.52 Million | 1.65% | 0.03x | $171.18K |
| Lee and Man Paper Manufacturing Limited (LMP) | $26.08 Billion | 12.65% | 0.67x | $480.02 Million |
| Mitsubishi Paper Mills Limited (MPX) | $69.61 Billion | 1.57% | 2.10x | $99.43 Million |
| Shandong Chenming Paper Holdings Limited (SCD1) | $17.26 Billion | 5.92% | 3.52x | $283.52 Million |
| SEMAPA SGPS NAM. O.N. (SQQ1) | $1.26 Billion | 9.83% | 2.19x | $305.38 Million |
| Grigeo AB (WM8) | $76.87 Million | 17.57% | 0.52x | $55.05 Million |