Saranacentral Bajatama Tbk (BAJA) - Net Assets
Based on the latest financial reports, Saranacentral Bajatama Tbk (BAJA) has net assets worth Rp21.28 Billion IDR (≈ $1.25 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp684.67 Billion ≈ $40.12 Million USD) and total liabilities (Rp663.39 Billion ≈ $38.87 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 Saranacentral Bajatama Tbk (BAJA) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp21.28 Billion |
| % of Total Assets | 3.11% |
| Annual Growth Rate | -8.12% |
| 5-Year Change | -90.06% |
| 10-Year Change | -89.17% |
| Growth Volatility | 43.59 |
Saranacentral Bajatama Tbk - Net Assets Trend (2008–2025)
This chart illustrates how Saranacentral Bajatama Tbk's net assets have evolved over time, based on quarterly financial data. See Saranacentral Bajatama Tbk defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Saranacentral Bajatama Tbk (2008–2025)
The table below shows the annual net assets of Saranacentral Bajatama Tbk from 2008 to 2025. For live valuation and market cap data, see market value of Saranacentral Bajatama Tbk.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp21.28 Billion ≈ $1.25 Million |
-62.78% |
| 2024-12-31 | Rp57.16 Billion ≈ $3.35 Million |
-48.51% |
| 2023-12-31 | Rp111.01 Billion ≈ $6.50 Million |
+0.75% |
| 2022-12-31 | Rp110.19 Billion ≈ $6.46 Million |
-48.53% |
| 2021-12-31 | Rp214.08 Billion ≈ $12.54 Million |
+67.46% |
| 2020-12-31 | Rp127.84 Billion ≈ $7.49 Million |
+72.32% |
| 2019-12-31 | Rp74.19 Billion ≈ $4.35 Million |
-3.05% |
| 2018-12-31 | Rp76.52 Billion ≈ $4.48 Million |
-55.52% |
| 2017-12-31 | Rp172.02 Billion ≈ $10.08 Million |
-12.46% |
| 2016-12-31 | Rp196.50 Billion ≈ $11.51 Million |
+21.58% |
| 2015-12-31 | Rp161.63 Billion ≈ $9.47 Million |
-14.18% |
| 2014-12-31 | Rp188.32 Billion ≈ $11.04 Million |
+8.08% |
| 2013-12-31 | Rp174.25 Billion ≈ $10.21 Million |
-32.21% |
| 2012-12-31 | Rp257.04 Billion ≈ $15.06 Million |
+9.36% |
| 2011-12-31 | Rp235.03 Billion ≈ $13.77 Million |
+87.35% |
| 2010-12-31 | Rp125.45 Billion ≈ $7.35 Million |
+4.28% |
| 2009-12-31 | Rp120.31 Billion ≈ $7.05 Million |
+34.07% |
| 2008-12-31 | Rp89.74 Billion ≈ $5.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Saranacentral Bajatama 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 decreased by 1897.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rp180.00 Billion | 845.96% |
| Other Comprehensive Income | Rp500.00 Million | 2.35% |
| Other Components | Rp57.66 Billion | 270.98% |
| Total Equity | Rp21.28 Billion | 100.00% |
Saranacentral Bajatama Tbk Competitors by Market Cap
The table below lists competitors of Saranacentral Bajatama Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Woojin I&S Co Ltd
KO:010400
|
$17.40 Million |
|
Polylite Taiwan Co Ltd
TWO:1813
|
$17.41 Million |
|
Alliance Nickel Ltd
AU:AXN
|
$17.42 Million |
|
SSP Group PLC
LSE:SSPG
|
$17.42 Million |
|
Cosmos Technology International Berhad
KLSE:0261
|
$17.39 Million |
|
Job Solution Sweden Holding AB
ST:JOBS
|
$17.38 Million |
|
Greenwing Resources Ltd
AU:GW1
|
$17.38 Million |
|
Mobilia Holdings Bhd
KLSE:0229
|
$17.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Saranacentral Bajatama Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,163,747,000 to 21,277,600,000, a change of -35,886,147,000 (-62.8%).
- Net loss of 36,416,685,000 reduced equity.
- Other factors increased equity by 530,538,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-36.42 Billion | -171.15% |
| Other Changes | Rp530.54 Million | +2.49% |
| Total Change | Rp- | -62.78% |
Book Value vs Market Value Analysis
This analysis compares Saranacentral Bajatama 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: 13.96x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.51x to 13.96x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | Rp323.02 | Rp165.00 | x |
| 2011-12-31 | Rp303.00 | Rp165.00 | x |
| 2012-12-31 | Rp331.37 | Rp165.00 | x |
| 2013-12-31 | Rp96.80 | Rp165.00 | x |
| 2014-12-31 | Rp104.62 | Rp165.00 | x |
| 2015-12-31 | Rp89.79 | Rp165.00 | x |
| 2016-12-31 | Rp109.17 | Rp165.00 | x |
| 2017-12-31 | Rp95.56 | Rp165.00 | x |
| 2018-12-31 | Rp42.51 | Rp165.00 | x |
| 2019-12-31 | Rp41.22 | Rp165.00 | x |
| 2020-12-31 | Rp71.02 | Rp165.00 | x |
| 2021-12-31 | Rp118.94 | Rp165.00 | x |
| 2022-12-31 | Rp61.22 | Rp165.00 | x |
| 2023-12-31 | Rp61.67 | Rp165.00 | x |
| 2024-12-31 | Rp31.76 | Rp165.00 | x |
| 2025-12-31 | Rp11.82 | Rp165.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Saranacentral Bajatama 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): -171.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.42%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 32.18x
- Recent ROE (-171.15%) is below the historical average (-26.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 4.10% | 0.73% | 1.35x | 4.18x | Rp-7.40 Billion |
| 2011 | 7.07% | 1.85% | 1.34x | 2.87x | Rp-6.88 Billion |
| 2012 | 7.35% | 1.76% | 1.31x | 3.19x | Rp-6.82 Billion |
| 2013 | -44.26% | -7.33% | 1.25x | 4.84x | Rp-94.55 Billion |
| 2014 | 7.48% | 1.14% | 1.26x | 5.18x | Rp-4.75 Billion |
| 2015 | -5.78% | -0.75% | 1.32x | 5.87x | Rp-25.51 Billion |
| 2016 | 17.50% | 3.51% | 1.00x | 5.00x | Rp14.74 Billion |
| 2017 | -13.36% | -1.89% | 1.29x | 5.50x | Rp-40.19 Billion |
| 2018 | -126.36% | -7.56% | 1.42x | 11.78x | Rp-104.35 Billion |
| 2019 | 1.50% | 0.10% | 1.28x | 11.28x | Rp-6.31 Billion |
| 2020 | 43.12% | 4.57% | 1.58x | 5.95x | Rp42.33 Billion |
| 2021 | 41.35% | 6.44% | 1.89x | 3.39x | Rp67.12 Billion |
| 2022 | -93.78% | -9.73% | 1.45x | 6.64x | Rp-114.36 Billion |
| 2023 | -1.17% | -0.14% | 1.31x | 6.54x | Rp-12.40 Billion |
| 2024 | -99.15% | -7.19% | 1.12x | 12.33x | Rp-62.39 Billion |
| 2025 | -171.15% | -4.42% | 1.20x | 32.18x | Rp-38.54 Billion |
Industry Comparison
This section compares Saranacentral Bajatama Tbk's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $877,501,866,418
- Average return on equity (ROE) among peers: 9.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Saranacentral Bajatama Tbk (BAJA) | Rp21.28 Billion | 4.10% | 31.18x | $17.40 Million |
| Betonjaya Manunggal Tbk (BTON) | $183.16 Billion | 15.19% | 0.19x | $15.36 Million |
| Gunawan Dianjaya Steel Tbk (GDST) | $1.27 Trillion | 16.72% | 0.75x | $44.95 Million |
| Gunung Raja Paksi (GGRP) | $690.52 Million | 17.97% | 0.15x | $212.90 Million |
| Steel Pipe Industry Of Indonesia (ISSP) | $3.79 Trillion | 12.83% | 0.87x | $162.80 Million |
| Krakatau Steel Persero Tbk (KRAS) | $495.68 Million | 8.39% | 1.81x | $231.26 Million |
| Ladangbaja Murni PT Tbk (LABA) | $19.65 Billion | -17.07% | 1.17x | $6.08 Million |
About Saranacentral Bajatama Tbk
PT Saranacentral Bajatama Tbk engages in manufacturing and trading of steel products in Indonesia. The company operates through four segments: Galvanized, Saranalume, Saranacolor, and Non-production. It markets its products under the Sarana, Saranalume, and Saranacolor brand names. The company was founded in 1993 and is headquartered in Jakarta Pusat, Indonesia.