Formosa Ingredient Factory PT Tbk (BOBA) - Net Assets
Based on the latest financial reports, Formosa Ingredient Factory PT Tbk (BOBA) has net assets worth Rp167.54 Billion IDR (≈ $9.82 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 (Rp183.04 Billion ≈ $10.73 Million USD) and total liabilities (Rp15.50 Billion ≈ $908.44K 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 BOBA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp167.54 Billion |
| % of Total Assets | 91.53% |
| Annual Growth Rate | 177.87% |
| 5-Year Change | 24.03% |
| 10-Year Change | N/A |
| Growth Volatility | 4657.43 |
Formosa Ingredient Factory PT Tbk - Net Assets Trend (2018–2025)
This chart illustrates how Formosa Ingredient Factory PT Tbk's net assets have evolved over time, based on quarterly financial data. Also explore BOBA total assets for the complete picture of this company's asset base.
Annual Net Assets for Formosa Ingredient Factory PT Tbk (2018–2025)
The table below shows the annual net assets of Formosa Ingredient Factory PT Tbk from 2018 to 2025. For live valuation and market cap data, see market value of Formosa Ingredient Factory PT Tbk.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp167.54 Billion ≈ $9.82 Million |
+5.39% |
| 2024-12-31 | Rp158.97 Billion ≈ $9.31 Million |
+5.24% |
| 2023-12-31 | Rp151.05 Billion ≈ $8.85 Million |
+9.18% |
| 2022-12-31 | Rp138.36 Billion ≈ $8.11 Million |
+2.42% |
| 2021-12-31 | Rp135.08 Billion ≈ $7.92 Million |
+271.24% |
| 2020-12-31 | Rp36.39 Billion ≈ $2.13 Million |
+106.31% |
| 2019-12-31 | Rp17.64 Billion ≈ $1.03 Million |
+13373.79% |
| 2018-12-31 | Rp130.90 Million ≈ $7.67K |
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Equity Component Analysis
This analysis shows how different components contribute to Formosa Ingredient Factory PT 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 4576113784200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp42.63 Billion | 25.44% |
| Common Stock | Rp57.79 Billion | 34.49% |
| Other Comprehensive Income | Rp4.68 Billion | 2.79% |
| Other Components | Rp62.44 Billion | 37.27% |
| Total Equity | Rp167.54 Billion | 100.00% |
Formosa Ingredient Factory PT Tbk Competitors by Market Cap
The table below lists competitors of Formosa Ingredient Factory PT Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Majuperak Holdings Bhd
KLSE:8141
|
$18.57 Million |
|
EAT WELL INVESTMENT GROUP
F:6BC0
|
$18.57 Million |
|
Neungyule Education Inc
KQ:053290
|
$18.58 Million |
|
KB SPAC 5
KQ:208350
|
$18.58 Million |
|
Dignitana AB
ST:DIGN
|
$18.55 Million |
|
Grid Metals Corp
V:GRDM
|
$18.54 Million |
|
Highcom Ltd
AU:HCL
|
$18.54 Million |
|
Mr. Onion
TWO:2740
|
$18.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formosa Ingredient Factory PT Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 158,967,548,000 to 167,540,413,000, a change of 8,572,865,000 (5.4%).
- Net income of 16,688,818,000 contributed positively to equity growth.
- Dividend payments of 8,090,250,000 reduced retained earnings.
- Other comprehensive income increased equity by 974,297,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp16.69 Billion | +9.96% |
| Dividends Paid | Rp8.09 Billion | -4.83% |
| Other Comprehensive Income | Rp974.30 Million | +0.58% |
| Other Changes | Rp-1.00 Billion | -0.6% |
| Total Change | Rp- | 5.39% |
Book Value vs Market Value Analysis
This analysis compares Formosa Ingredient Factory PT 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: 1.89x
- 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 728.64x to 1.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Rp0.38 | Rp274.00 | x |
| 2019-12-31 | Rp50.67 | Rp274.00 | x |
| 2020-12-31 | Rp104.53 | Rp274.00 | x |
| 2021-12-31 | Rp153.76 | Rp274.00 | x |
| 2022-12-31 | Rp119.71 | Rp274.00 | x |
| 2023-12-31 | Rp130.70 | Rp274.00 | x |
| 2024-12-31 | Rp137.54 | Rp274.00 | x |
| 2025-12-31 | Rp144.96 | Rp274.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formosa Ingredient Factory PT 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): 9.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.94%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.09x
- Recent ROE (9.96%) is above the historical average (-119.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1155.37% | -62.41% | 0.65x | 28.56x | Rp-1.53 Billion |
| 2019 | 99.38% | 38.12% | 1.59x | 1.64x | Rp15.76 Billion |
| 2020 | 51.66% | 27.41% | 1.21x | 1.55x | Rp15.16 Billion |
| 2021 | 12.93% | 23.54% | 0.52x | 1.06x | Rp3.96 Billion |
| 2022 | 7.76% | 8.84% | 0.74x | 1.19x | Rp-3.10 Billion |
| 2023 | 9.90% | 9.73% | 0.88x | 1.16x | Rp-146.62 Million |
| 2024 | 10.06% | 8.97% | 0.97x | 1.15x | Rp87.88 Million |
| 2025 | 9.96% | 9.94% | 0.92x | 1.09x | Rp-65.22 Million |
Industry Comparison
This section compares Formosa Ingredient Factory PT Tbk's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,325,802,980,158
- Average return on equity (ROE) among peers: 12.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formosa Ingredient Factory PT Tbk (BOBA) | Rp167.54 Billion | -1155.37% | 0.09x | $18.56 Million |
| FKS Food Sejahtera Tbk PT (AISA) | $111.06 Billion | 14.19% | 3.64x | $972.99K |
| Estika Tata Tiara Tbk PT (BEEF) | $140.54 Billion | 40.61% | 3.91x | $97.07 Million |
| Budi Starch & Sweetener Tbk (BUDI) | $663.66 Billion | 6.96% | 1.24x | $55.27 Million |
| Eagle High Plantations Tbk (BWPT) | $5.80 Trillion | -7.76% | 1.79x | $244.37 Million |
| Campina Ice Cream Industry Tbk PT (CAMP) | $552.84 Billion | 9.54% | 0.87x | $70.35 Million |
| Wilmar Cahaya Indonesia Tbk (CEKA) | $1.26 Trillion | 14.42% | 0.24x | $83.33 Million |
| Cisarua Mountain Dairy Tbk PT (CMRY) | $451.69 Billion | 18.56% | 0.46x | $1.97 Billion |
| Diamond Food Indonesia PT (DMND) | $2.93 Trillion | 10.87% | 0.44x | $357.85 Million |
| Morenzo Abadi Perkasa Tbk Pt (ENZO) | $27.66 Billion | 0.78% | 2.64x | $9.12 Million |
About Formosa Ingredient Factory PT Tbk
PT Formosa Ingredient Factory Tbk produces and sells beverage ingredients in Indonesia and internationally. The company offers tapioca pearls, jellies, jams, sauces, syrup, powder, and popping boba under the Bobaking brand name. It sells its products to restaurants, local coffee shops, international chain stores, and premium modern markets and retail. The company was founded in 2016 and is headqu… Read more