PT Steel Pipe Industry of Indonesia Tbk
PT Steel Pipe Industry of Indonesia Tbk, together with its subsidiary, PT Spindo Engineering Industry, manufactures and sells steel pipes/tubes and other related products in Indonesia and internationally. It operates through Steel Pipe Mill; Spiral Steel Pipe Mill; Strips and Plate; and Services and Others segments. The company offers ERW and SSAW pipes, such as structural pipes for use in founda… Read more
PT Steel Pipe Industry of Indonesia Tbk (S08) - Net Assets
Latest net assets as of June 2025: €5.14 Trillion EUR
Based on the latest financial reports, PT Steel Pipe Industry of Indonesia Tbk (S08) has net assets worth €5.14 Trillion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.39 Trillion) and total liabilities (€3.25 Trillion). 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 | €5.14 Trillion |
| % of Total Assets | 61.25% |
| Annual Growth Rate | 9.1% |
| 5-Year Change | 51.22% |
| 10-Year Change | 97.52% |
| Growth Volatility | 4.41 |
PT Steel Pipe Industry of Indonesia Tbk - Net Assets Trend (2013–2024)
This chart illustrates how PT Steel Pipe Industry of Indonesia 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 Steel Pipe Industry of Indonesia Tbk (2013–2024)
The table below shows the annual net assets of PT Steel Pipe Industry of Indonesia Tbk from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €5.04 Trillion | +9.21% |
| 2023-12-31 | €4.62 Trillion | +11.43% |
| 2022-12-31 | €4.14 Trillion | +9.44% |
| 2021-12-31 | €3.79 Trillion | +13.55% |
| 2020-12-31 | €3.34 Trillion | +7.64% |
| 2019-12-31 | €3.10 Trillion | +6.29% |
| 2018-12-31 | €2.92 Trillion | +2.62% |
| 2017-12-31 | €2.84 Trillion | +7.41% |
| 2016-12-31 | €2.65 Trillion | +3.59% |
| 2015-12-31 | €2.55 Trillion | +10.79% |
| 2014-12-31 | €2.30 Trillion | +19.15% |
| 2013-12-31 | €1.93 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Steel Pipe Industry of Indonesia 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 1102.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.58 Trillion | 51.07% |
| Other Components | €2.47 Trillion | 48.93% |
| Total Equity | €5.04 Trillion | 100.00% |
PT Steel Pipe Industry of Indonesia Tbk Competitors by Market Cap
The table below lists competitors of PT Steel Pipe Industry of Indonesia Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shun On Electronic Co Ltd
TW:6283
|
$44.38 Million |
|
Apple iSports Group Inc
OTCQB:AAPI
|
$44.40 Million |
|
TY Holdings Co. Ltd. Pfd. Series 1
KO:36328K
|
$44.40 Million |
|
Brand X Co. Ltd.
KQ:337930
|
$44.40 Million |
|
Consilium Acquisition I Ltd Corp
NASDAQ:CSLM
|
$44.37 Million |
|
Manali Petrochemicals Limited
NSE:MANALIPETC
|
$44.36 Million |
|
Data International Co Ltd
TWO:5432
|
$44.35 Million |
|
CarParts.Com Inc
NASDAQ:PRTS
|
$44.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Steel Pipe Industry of Indonesia Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,618,313,000,000 to 5,043,737,000,000, a change of 425,424,000,000 (9.2%).
- Net income of 530,082,000,000 contributed positively to equity growth.
- Dividend payments of 105,980,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €530.08 Billion | +10.51% |
| Dividends Paid | €105.98 Billion | -2.1% |
| Other Changes | €1.32 Billion | +0.03% |
| Total Change | €- | 9.21% |
Book Value vs Market Value Analysis
This analysis compares PT Steel Pipe Industry of Indonesia 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: 0.00x
- 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 |
|---|---|---|---|
| 2017-12-31 | €401.71 | €0.02 | x |
| 2018-12-31 | €412.24 | €0.02 | x |
| 2019-12-31 | €438.16 | €0.02 | x |
| 2020-12-31 | €472.06 | €0.02 | x |
| 2021-12-31 | €536.00 | €0.02 | x |
| 2022-12-31 | €586.59 | €0.02 | x |
| 2023-12-31 | €653.66 | €0.02 | x |
| 2024-12-31 | €713.87 | €0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Steel Pipe Industry of Indonesia 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): 10.51%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.66%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.64x
- Recent ROE (10.51%) is above the historical average (7.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 10.52% | 5.76% | 0.80x | 2.27x | €10.12 Billion |
| 2014 | 9.32% | 6.38% | 0.62x | 2.36x | €-15.58 Billion |
| 2015 | 6.23% | 4.44% | 0.66x | 2.13x | €-96.33 Billion |
| 2016 | 3.89% | 3.16% | 0.54x | 2.28x | €-161.58 Billion |
| 2017 | 0.30% | 0.24% | 0.58x | 2.21x | €-275.45 Billion |
| 2018 | 1.67% | 1.09% | 0.69x | 2.23x | €-242.81 Billion |
| 2019 | 5.99% | 3.80% | 0.76x | 2.07x | €-124.17 Billion |
| 2020 | 5.27% | 4.66% | 0.62x | 1.82x | €-157.70 Billion |
| 2021 | 12.83% | 9.04% | 0.76x | 1.87x | €107.36 Billion |
| 2022 | 7.38% | 4.89% | 0.84x | 1.79x | €-108.59 Billion |
| 2023 | 10.79% | 7.72% | 0.81x | 1.73x | €36.26 Billion |
| 2024 | 10.51% | 8.66% | 0.74x | 1.64x | €25.71 Billion |
Industry Comparison
This section compares PT Steel Pipe Industry of Indonesia Tbk's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $52,743,896,026
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Steel Pipe Industry of Indonesia Tbk (S08) | €5.14 Trillion | 10.52% | 0.63x | $44.37 Million |
| PT Krakatau Steel (Persero) Tbk (07K) | $1.85 Billion | -4.41% | 1.22x | $45.67 Million |
| Xiwang Special Steel Company Limited (2XI) | $3.13 Billion | 12.25% | 2.32x | $64.01K |
| Tiangong International Company Limited (34T1) | $5.20 Billion | 7.59% | 0.96x | $232.31 Million |
| Fenix Resources Limited (4ER) | $118.73 Million | 42.70% | 0.36x | $88.47 Million |
| INDUSTRIAS CH-B (AKQ.SG) (AKQ) | $43.03 Billion | 6.90% | 0.29x | $2.77 Billion |
| BE Group AB (publ) (BGA1) | $892.00 Million | 8.97% | 1.37x | $23.57 Million |
| China Vanadium Titano-Magnetite Mining Company Limited (CV8S) | $915.45 Million | -1.86% | 0.34x | $7.47 Million |
| Shougang Concord Century Holdings Limited (CW7) | $1.39 Billion | -4.92% | 1.48x | $40.36 Million |
| Daido Steel Co. Ltd (DDL) | $469.14 Billion | 6.04% | 0.67x | $1.74 Billion |
| Da Ming International Holdings Limited (DM7) | $1.75 Billion | 5.58% | 1.98x | $31.19 Million |