Alkindo Naratama Tbk (ALDO) - Net Assets

Latest as of September 2025: Rp1.05 Trillion IDR ≈ $61.26 Million USD

Based on the latest financial reports, Alkindo Naratama Tbk (ALDO) has net assets worth Rp1.05 Trillion IDR (≈ $61.26 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp2.04 Trillion ≈ $119.29 Million USD) and total liabilities (Rp990.37 Billion ≈ $58.03 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 how resilient are Alkindo Naratama Tbk's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp1.05 Trillion
% of Total Assets	51.35%
Annual Growth Rate	24.0%
5-Year Change	73.99%
10-Year Change	500.7%
Growth Volatility	26.75

Alkindo Naratama Tbk - Net Assets Trend (2010–2024)

This chart illustrates how Alkindo Naratama Tbk's net assets have evolved over time, based on quarterly financial data. Also explore ALDO current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Alkindo Naratama Tbk (2010–2024)

The table below shows the annual net assets of Alkindo Naratama Tbk from 2010 to 2024. For live valuation and market cap data, see ALDO market cap.

Year	Net Assets	Change
2024-12-31	Rp1.03 Trillion ≈ $60.16 Million	+26.77%
2023-12-31	Rp809.94 Billion ≈ $47.46 Million	+5.85%
2022-12-31	Rp765.17 Billion ≈ $44.84 Million	+8.78%
2021-12-31	Rp703.40 Billion ≈ $41.22 Million	+19.20%
2020-12-31	Rp590.12 Billion ≈ $34.58 Million	+10.63%
2019-12-31	Rp533.41 Billion ≈ $31.26 Million	+96.40%
2018-12-31	Rp271.59 Billion ≈ $15.91 Million	+18.38%
2017-12-31	Rp229.42 Billion ≈ $13.44 Million	+14.20%
2016-12-31	Rp200.89 Billion ≈ $11.77 Million	+17.53%
2015-12-31	Rp170.93 Billion ≈ $10.02 Million	+7.22%
2014-12-31	Rp159.42 Billion ≈ $9.34 Million	+13.97%
2013-12-31	Rp139.88 Billion ≈ $8.20 Million	+48.33%
2012-12-31	Rp94.31 Billion ≈ $5.53 Million	+6.47%
2011-12-31	Rp88.58 Billion ≈ $5.19 Million	+75.29%
2010-12-31	Rp50.53 Billion ≈ $2.96 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Alkindo Naratama 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 2202.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Rp328.73 Billion	32.24%
Common Stock	Rp135.04 Billion	13.24%
Other Comprehensive Income	Rp228.68 Billion	22.43%
Other Components	Rp327.13 Billion	32.08%
Total Equity	Rp1.02 Trillion	100.00%

Alkindo Naratama Tbk Competitors by Market Cap

The table below lists competitors of Alkindo Naratama Tbk ranked by their market capitalization.

Company	Market Cap
Charlton Aria Acquisition Corporation Class A Ordinary Shares NASDAQ:CHAR	$94.85 Million
Triple i Logistics Public Company Limited BK:III	$94.86 Million
Dana Brata Luhur PT JK:TEBE	$94.87 Million
Tan Chong Motor Holdings Bhd KLSE:4405	$94.89 Million
Creades AB Series A LSE:0QI9	$94.84 Million
Heranba Industries Limited NSE:HERANBA	$94.83 Million
Dharmaj Crop Guard Limited NSE:DHARMAJ	$94.80 Million
Kyobo With Special Purpose Acq KQ:205100	$94.78 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Alkindo Naratama Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 803,523,306,242 to 1,019,581,997,000, a change of 216,058,690,758 (26.9%).
Net loss of 8,642,230,000 reduced equity.
Dividend payments of 1,350,357,000 reduced retained earnings.
Other comprehensive income increased equity by 225,890,920,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rp-8.64 Billion	-0.85%
Dividends Paid	Rp1.35 Billion	-0.13%
Other Comprehensive Income	Rp225.89 Billion	+22.16%
Other Changes	Rp160.36 Million	+0.02%
Total Change	Rp-	26.89%

Book Value vs Market Value Analysis

This analysis compares Alkindo Naratama 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: 1.59x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 5.56x to 1.59x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	Rp107.86	Rp600.00	x
2012-12-31	Rp92.31	Rp600.00	x
2013-12-31	Rp111.95	Rp600.00	x
2014-12-31	Rp122.33	Rp600.00	x
2015-12-31	Rp131.09	Rp600.00	x
2016-12-31	Rp149.02	Rp600.00	x
2017-12-31	Rp162.32	Rp600.00	x
2018-12-31	Rp187.34	Rp600.00	x
2019-12-31	Rp394.12	Rp600.00	x
2020-12-31	Rp403.73	Rp600.00	x
2021-12-31	Rp633.55	Rp600.00	x
2022-12-31	Rp576.34	Rp600.00	x
2023-12-31	Rp302.90	Rp600.00	x
2024-12-31	Rp377.52	Rp600.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Alkindo Naratama 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): -0.85%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.47%
• Asset Turnover: 0.91x
• Equity Multiplier: 2.01x
Recent ROE (-0.85%) is below the historical average (10.50%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	7.48%	2.49%	1.33x	2.27x	Rp-2.05 Billion
2012	10.57%	3.30%	1.51x	2.12x	Rp496.34 Million
2013	12.83%	3.40%	1.32x	2.85x	Rp3.00 Billion
2014	9.50%	2.22%	1.38x	3.08x	Rp-579.47 Million
2015	11.09%	2.55%	1.47x	2.95x	Rp1.35 Billion
2016	10.12%	2.14%	1.62x	2.91x	Rp164.75 Million
2017	8.58%	1.86%	1.42x	3.25x	Rp-2.18 Billion
2018	13.69%	3.07%	1.50x	2.97x	Rp6.53 Billion
2019	21.81%	8.27%	1.19x	2.22x	Rp49.12 Billion
2020	22.34%	9.28%	1.16x	2.08x	Rp56.68 Billion
2021	10.87%	5.21%	1.20x	1.74x	Rp6.09 Billion
2022	8.60%	4.66%	0.89x	2.07x	Rp-10.59 Billion
2023	0.34%	0.16%	0.94x	2.18x	Rp-77.63 Billion
2024	-0.85%	-0.47%	0.91x	2.01x	Rp-110.60 Billion

Industry Comparison

This section compares Alkindo Naratama 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: $614,975,742,400
Average return on equity (ROE) among peers: 1.51%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Alkindo Naratama Tbk (ALDO)	Rp1.05 Trillion	7.48%	0.95x	$94.84 Million
Indah Kiat Pulp & Paper Tbk (INKP)	$2.41 Billion	5.24%	1.71x	$3.13 Billion
Toba Pulp Lestari Tbk (INRU)	$2.45 Trillion	2.29%	1.42x	$48.02 Million
Inter-Delta Tbk (INTD)	$-36.97 Billion	0.00%	0.00x	$8.18 Million
Suparma Tbk (SPMA)	$661.83 Billion	0.00%	1.36x	$50.46 Million
Pabrik Kertas Tjiwi Kimia Tbk (TKIM)	$496.52 Million	0.00%	3.38x	$1.58 Billion

About Alkindo Naratama Tbk

JK:ALDO Indonesia Paper & Paper Products

Market Cap

$94.84 Million

Rp1.62 Trillion IDR

Market Cap Rank

#19387 Global

#352 in Indonesia

Share Price

Rp600.00

Change (1 day)

+1.69%

52-Week Range

Rp482.00 - Rp805.00

All Time High

Rp997217.88