Indo Kordsa Tbk
PT Indo Kordsa Tbk engages in the manufacture, marketing, and sale of tire cord fabrics, yarn filaments, nylon tire cord, and raw materials of polyester. The company operates through Tire Cord Fabric, Nylon Yarn, and Polyester Yarn segments. It offers nylon, polyester, and rayon fibers. The company sells its products in Indonesia, Thailand, the United States, Japan, South Korea, Brazil, Turkey, I… Read more
Indo Kordsa Tbk (BRAM) - Net Assets
Latest net assets as of June 2025: Rp226.02 Million IDR
Based on the latest financial reports, Indo Kordsa Tbk (BRAM) has net assets worth Rp226.02 Million IDR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp268.28 Million) and total liabilities (Rp42.26 Million). 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 | Rp226.02 Million |
| % of Total Assets | 84.25% |
| Annual Growth Rate | -27.22% |
| 5-Year Change | 8.39% |
| 10-Year Change | 23.55% |
| Growth Volatility | 22.89 |
Indo Kordsa Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Indo Kordsa 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 Indo Kordsa Tbk (2000–2024)
The table below shows the annual net assets of Indo Kordsa Tbk from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp226.02 Million | 0.00% |
| 2023-12-31 | Rp226.02 Million | +1.59% |
| 2022-12-31 | Rp222.48 Million | +6.03% |
| 2021-12-31 | Rp209.83 Million | +0.63% |
| 2020-12-31 | Rp208.52 Million | -5.50% |
| 2019-12-31 | Rp220.66 Million | +0.14% |
| 2018-12-31 | Rp220.36 Million | +1.52% |
| 2017-12-31 | Rp217.07 Million | +9.77% |
| 2016-12-31 | Rp197.74 Million | +8.10% |
| 2015-12-31 | Rp182.93 Million | +2.40% |
| 2014-12-31 | Rp178.65 Million | +9.70% |
| 2013-12-31 | Rp162.86 Million | -3.99% |
| 2012-12-31 | Rp169.62 Million | +27.85% |
| 2011-12-31 | Rp132.67 Million | +0.04% |
| 2010-12-31 | Rp132.61 Million | +11.13% |
| 2009-12-31 | Rp119.34 Million | -99.99% |
| 2008-12-31 | Rp1.19 Trillion | +9.16% |
| 2007-12-31 | Rp1.09 Trillion | +6.93% |
| 2006-12-31 | Rp1.02 Trillion | +2.46% |
| 2005-12-31 | Rp997.18 Billion | +14.46% |
| 2004-12-31 | Rp871.19 Billion | +13.88% |
| 2003-12-31 | Rp764.98 Billion | +16.28% |
| 2002-12-31 | Rp657.90 Billion | +19.10% |
| 2001-12-31 | Rp552.38 Billion | +19.30% |
| 2000-12-31 | Rp463.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indo Kordsa 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp72.13 Million | 33.72% |
| Common Stock | Rp130.42 Million | 60.96% |
| Other Components | Rp11.37 Million | 5.32% |
| Total Equity | Rp213.93 Million | 100.00% |
Indo Kordsa Tbk Competitors by Market Cap
The table below lists competitors of Indo Kordsa Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Infobird Co Ltd
NASDAQ:IFBD
|
$7.70 Million |
|
SCAND.INV.GR.NAM.B DK 05
F:2D2
|
$7.70 Million |
|
Suraj Limited
NSE:SURAJLTD
|
$7.70 Million |
|
China Tontine Wines Group Limited
PINK:CATWF
|
$7.70 Million |
|
Smart Good Things Holding S.A.
PA:MLSGT
|
$7.69 Million |
|
VD ASSUR HLDG N -B- (VAHB.SG)
STU:VAHB
|
$7.69 Million |
|
Ashima Limited
NSE:ASHIMASYN
|
$7.69 Million |
|
Repower Asia Indonesia PT
JK:REAL
|
$7.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indo Kordsa Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 212,875,799 to 213,928,448, a change of 1,052,649 (0.5%).
- Net income of 11,967,185 contributed positively to equity growth.
- Dividend payments of 11,180,227 reduced retained earnings.
- Other comprehensive income decreased equity by 8,163,594.
- Other factors increased equity by 8,429,285.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp11.97 Million | +5.59% |
| Dividends Paid | Rp11.18 Million | -5.23% |
| Other Comprehensive Income | Rp-8.16 Million | -3.82% |
| Other Changes | Rp8.43 Million | +3.94% |
| Total Change | Rp- | 0.49% |
Book Value vs Market Value Analysis
This analysis compares Indo Kordsa 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: 9277.64x
- 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 decreased from 19047.14x to 9277.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | Rp0.23 | Rp4410.00 | x |
| 2010-12-31 | Rp0.26 | Rp4410.00 | x |
| 2011-12-31 | Rp0.26 | Rp4410.00 | x |
| 2012-12-31 | Rp0.34 | Rp4410.00 | x |
| 2013-12-31 | Rp0.32 | Rp4410.00 | x |
| 2014-12-31 | Rp0.36 | Rp4410.00 | x |
| 2015-12-31 | Rp0.37 | Rp4410.00 | x |
| 2016-12-31 | Rp0.40 | Rp4410.00 | x |
| 2017-12-31 | Rp0.44 | Rp4410.00 | x |
| 2018-12-31 | Rp0.45 | Rp4410.00 | x |
| 2019-12-31 | Rp0.45 | Rp4410.00 | x |
| 2020-12-31 | Rp0.43 | Rp4410.00 | x |
| 2021-12-31 | Rp0.44 | Rp4410.00 | x |
| 2022-12-31 | Rp0.47 | Rp4410.00 | x |
| 2023-12-31 | Rp0.47 | Rp4410.00 | x |
| 2024-12-31 | Rp0.48 | Rp4410.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indo Kordsa 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): 5.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.18%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.37x
- Recent ROE (5.59%) is below the historical average (8.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 5.45% | 1.78% | 0.63x | 4.83x | Rp-18.03 Billion |
| 2001 | 14.94% | 5.33% | 0.74x | 3.80x | Rp23.55 Billion |
| 2002 | 19.43% | 8.41% | 0.79x | 2.91x | Rp53.22 Billion |
| 2003 | 11.64% | 5.99% | 0.80x | 2.43x | Rp10.40 Billion |
| 2004 | 5.97% | 2.88% | 0.86x | 2.41x | Rp-28.65 Billion |
| 2005 | 14.54% | 6.77% | 1.03x | 2.08x | Rp37.29 Billion |
| 2006 | 2.20% | 1.22% | 0.98x | 1.84x | Rp-65.05 Billion |
| 2007 | 4.38% | 2.53% | 1.00x | 1.74x | Rp-50.25 Billion |
| 2008 | 9.50% | 5.79% | 0.98x | 1.68x | Rp-5.03 Billion |
| 2009 | 7.34% | 4.80% | 1.11x | 1.37x | Rp-2.77 Million |
| 2010 | 12.51% | 7.43% | 1.21x | 1.39x | Rp2.95 Million |
| 2011 | 6.29% | 3.55% | 1.14x | 1.55x | Rp-4.40 Million |
| 2012 | 11.12% | 9.64% | 0.76x | 1.52x | Rp1.69 Million |
| 2013 | 3.32% | 2.41% | 0.84x | 1.64x | Rp-9.72 Million |
| 2014 | 8.62% | 6.64% | 0.67x | 1.93x | Rp-2.21 Million |
| 2015 | 6.32% | 5.01% | 0.71x | 1.77x | Rp-6.07 Million |
| 2016 | 10.71% | 8.75% | 0.74x | 1.65x | Rp1.28 Million |
| 2017 | 11.17% | 9.23% | 0.79x | 1.52x | Rp2.34 Million |
| 2018 | 8.32% | 6.42% | 0.89x | 1.45x | Rp-3.44 Million |
| 2019 | 6.62% | 5.50% | 0.88x | 1.37x | Rp-6.89 Million |
| 2020 | -2.09% | -2.40% | 0.64x | 1.36x | Rp-23.39 Million |
| 2021 | 12.70% | 9.61% | 0.90x | 1.47x | Rp5.31 Million |
| 2022 | 15.29% | 9.54% | 1.15x | 1.39x | Rp11.06 Million |
| 2023 | 7.19% | 6.08% | 0.84x | 1.40x | Rp-5.97 Million |
| 2024 | 5.59% | 5.18% | 0.79x | 1.37x | Rp-9.43 Million |
Industry Comparison
This section compares Indo Kordsa Tbk's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $74,631,106,356
- Average return on equity (ROE) among peers: 7.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indo Kordsa Tbk (BRAM) | Rp226.02 Million | 5.45% | 0.19x | $7.69 Million |
| Argo Pantes Tbk (ARGO) | $326.92 Billion | 25.01% | 6.17x | $19.40 Million |
| Trisula Textile Industries Tbk PT (BELL) | $164.40 Billion | 5.10% | 1.22x | $1.37 Million |
| PT Century Textile Industry Tbk (CNTX) | $-290.39K | 0.00% | 0.00x | $83.89 |
| Ever Shine Textile Industry (ESTI) | $14.51 Million | 0.46% | 2.32x | $1.34 Million |
| Indorama Synthetics Tbk (INDR) | $465.16 Million | 9.14% | 0.87x | $8.66 Million |
| Cottonindo Ariesta Tbk PT (KPAS) | $146.08 Billion | 0.39% | 0.75x | $1.02 Million |
| Multi Spunindo Jaya Tbk. (MSJA) | $61.82 Million | 24.08% | 0.58x | $15.14 Million |
| Asia Pacific Investama Tbk PT (MYTX) | $-142.99 Billion | 0.00% | 0.00x | $307.09K |
| Sejahtera Bintang Abadi Textile Tbk (SBAT) | $176.73 Billion | 0.06% | 1.60x | $150.52K |