Betonjaya Manunggal Tbk (BTON) - Net Assets
Based on the latest financial reports, Betonjaya Manunggal Tbk (BTON) has net assets worth Rp310.85 Billion IDR (≈ $18.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp459.21 Billion ≈ $26.91 Million USD) and total liabilities (Rp148.36 Billion ≈ $8.69 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 Betonjaya Manunggal Tbk (BTON) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp310.85 Billion |
| % of Total Assets | 67.69% |
| Annual Growth Rate | 7.9% |
| 5-Year Change | 53.71% |
| 10-Year Change | 111.79% |
| Growth Volatility | 8.09 |
Betonjaya Manunggal Tbk - Net Assets Trend (2012–2025)
This chart illustrates how Betonjaya Manunggal Tbk's net assets have evolved over time, based on quarterly financial data. See BTON defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Betonjaya Manunggal Tbk (2012–2025)
The table below shows the annual net assets of Betonjaya Manunggal Tbk from 2012 to 2025. For live valuation and market cap data, see market cap of Betonjaya Manunggal Tbk.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp303.99 Billion ≈ $17.81 Million |
+8.70% |
| 2024-12-31 | Rp279.66 Billion ≈ $16.39 Million |
+8.71% |
| 2023-12-31 | Rp257.24 Billion ≈ $15.07 Million |
+7.99% |
| 2022-12-31 | Rp238.21 Billion ≈ $13.96 Million |
+20.45% |
| 2021-12-31 | Rp197.77 Billion ≈ $11.59 Million |
+4.80% |
| 2020-12-31 | Rp188.71 Billion ≈ $11.06 Million |
+2.43% |
| 2019-12-31 | Rp184.23 Billion ≈ $10.80 Million |
+0.59% |
| 2018-12-31 | Rp183.16 Billion ≈ $10.73 Million |
+18.44% |
| 2017-12-31 | Rp154.64 Billion ≈ $9.06 Million |
+7.74% |
| 2016-12-31 | Rp143.53 Billion ≈ $8.41 Million |
-3.74% |
| 2015-12-31 | Rp149.10 Billion ≈ $8.74 Million |
-0.10% |
| 2014-12-31 | Rp149.25 Billion ≈ $8.75 Million |
+5.71% |
| 2013-12-31 | Rp141.19 Billion ≈ $8.27 Million |
+24.75% |
| 2012-12-31 | Rp113.18 Billion ≈ $6.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Betonjaya Manunggal 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 199.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp284.23 Billion | 93.50% |
| Common Stock | Rp18.00 Billion | 5.92% |
| Other Comprehensive Income | Rp1.23 Billion | 0.41% |
| Other Components | Rp529.67 Million | 0.17% |
| Total Equity | Rp303.99 Billion | 100.00% |
Betonjaya Manunggal Tbk Competitors by Market Cap
The table below lists competitors of Betonjaya Manunggal Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pimpinan Eshan Bhd
KLSE:5622
|
$15.36 Million |
|
Scodix Ltd
TA:SCDX
|
$15.38 Million |
|
Patagonia Lithium Ltd
AU:PL3
|
$15.38 Million |
|
Keynote Financial Services Limited
NSE:KEYFINSERV
|
$15.39 Million |
|
11880 Solutions AG
XETRA:TGT
|
$15.35 Million |
|
Labo Print SA
WAR:LAB
|
$15.34 Million |
|
Kalo Gold Corp
V:KALO
|
$15.34 Million |
|
Turbo Mech Bhd
KLSE:5167
|
$15.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Betonjaya Manunggal Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 279,656,510,000 to 303,990,736,000, a change of 24,334,226,000 (8.7%).
- Net income of 24,426,151,210 contributed positively to equity growth.
- Other comprehensive income decreased equity by 91,925,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp24.43 Billion | +8.04% |
| Other Comprehensive Income | Rp-91.92 Million | -0.03% |
| Other Changes | Rp-210.00 | -0.0% |
| Total Change | Rp- | 8.70% |
Book Value vs Market Value Analysis
This analysis compares Betonjaya Manunggal 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: 0.86x
- 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.
- The price-to-book ratio has decreased from 2.32x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Rp157.19 | Rp364.00 | x |
| 2013-12-31 | Rp192.80 | Rp364.00 | x |
| 2014-12-31 | Rp204.00 | Rp364.00 | x |
| 2015-12-31 | Rp207.09 | Rp364.00 | x |
| 2016-12-31 | Rp199.35 | Rp364.00 | x |
| 2017-12-31 | Rp214.78 | Rp364.00 | x |
| 2018-12-31 | Rp254.38 | Rp364.00 | x |
| 2019-12-31 | Rp255.88 | Rp364.00 | x |
| 2020-12-31 | Rp262.09 | Rp364.00 | x |
| 2021-12-31 | Rp274.67 | Rp364.00 | x |
| 2022-12-31 | Rp330.84 | Rp364.00 | x |
| 2023-12-31 | Rp357.28 | Rp364.00 | x |
| 2024-12-31 | Rp388.41 | Rp364.00 | x |
| 2025-12-31 | Rp422.21 | Rp364.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Betonjaya Manunggal 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): 8.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.64%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.46x
- Recent ROE (8.04%) is below the historical average (8.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 21.88% | 15.97% | 1.07x | 1.28x | Rp13.44 Billion |
| 2013 | 18.65% | 22.79% | 0.64x | 1.27x | Rp12.00 Billion |
| 2014 | 5.13% | 7.85% | 0.55x | 1.19x | Rp-7.15 Billion |
| 2015 | 4.24% | 9.34% | 0.37x | 1.23x | Rp-8.59 Billion |
| 2016 | -4.16% | -9.52% | 0.35x | 1.24x | Rp-20.33 Billion |
| 2017 | 7.35% | 12.92% | 0.48x | 1.19x | Rp-4.09 Billion |
| 2018 | 15.19% | 23.67% | 0.54x | 1.19x | Rp9.50 Billion |
| 2019 | 0.74% | 1.12% | 0.53x | 1.25x | Rp-17.06 Billion |
| 2020 | 2.38% | 3.95% | 0.48x | 1.24x | Rp-14.38 Billion |
| 2021 | 4.87% | 8.55% | 0.42x | 1.37x | Rp-10.14 Billion |
| 2022 | 16.75% | 26.22% | 0.44x | 1.45x | Rp16.08 Billion |
| 2023 | 6.81% | 12.56% | 0.39x | 1.41x | Rp-8.19 Billion |
| 2024 | 10.59% | 23.13% | 0.32x | 1.42x | Rp1.65 Billion |
| 2025 | 8.04% | 18.64% | 0.29x | 1.46x | Rp-5.97 Billion |
Industry Comparison
This section compares Betonjaya Manunggal Tbk's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $865,340,911,079
- Average return on equity (ROE) among peers: -9.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Betonjaya Manunggal Tbk (BTON) | Rp310.85 Billion | 21.88% | 0.48x | $15.36 Million |
| Saranacentral Bajatama Tbk (BAJA) | $110.19 Billion | -93.78% | 5.64x | $17.40 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 Betonjaya Manunggal Tbk
PT Betonjaya Manunggal Tbk manufactures round bar in Indonesia. Its products are primarily used in the construction of buildings, including high rise buildings and housing projects. PT Betonjaya Manunggal Tbk was founded in 1995 and is headquartered in Gresik, Indonesia.