Ciputra Development Tbk (CTRA) - Net Assets
Based on the latest financial reports, Ciputra Development Tbk (CTRA) has net assets worth Rp27.46 Trillion IDR (≈ $1.61 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp45.81 Trillion ≈ $2.68 Billion USD) and total liabilities (Rp18.34 Trillion ≈ $1.07 Billion 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 tangible net worth ratio of Ciputra Development Tbk to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp27.46 Trillion |
| % of Total Assets | 59.96% |
| Annual Growth Rate | N/A |
| 5-Year Change | 38.8% |
| 10-Year Change | 88.27% |
| Growth Volatility | 74.64 |
Ciputra Development Tbk - Net Assets Trend (2000–2025)
This chart illustrates how Ciputra Development Tbk's net assets have evolved over time, based on quarterly financial data. See CTRA cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ciputra Development Tbk (2000–2025)
The table below shows the annual net assets of Ciputra Development Tbk from 2000 to 2025. For live valuation and market cap data, see CTRA stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp26.92 Trillion ≈ $1.58 Billion |
+9.36% |
| 2024-12-31 | Rp24.62 Trillion ≈ $1.44 Billion |
+8.80% |
| 2023-12-31 | Rp22.62 Trillion ≈ $1.33 Billion |
+8.19% |
| 2022-12-31 | Rp20.91 Trillion ≈ $1.23 Billion |
+7.83% |
| 2021-12-31 | Rp19.39 Trillion ≈ $1.14 Billion |
+11.09% |
| 2020-12-31 | Rp17.46 Trillion ≈ $1.02 Billion |
-1.71% |
| 2019-12-31 | Rp17.76 Trillion ≈ $1.04 Billion |
+6.71% |
| 2018-12-31 | Rp16.64 Trillion ≈ $975.29 Million |
+7.72% |
| 2017-12-31 | Rp15.45 Trillion ≈ $905.35 Million |
+8.06% |
| 2016-12-31 | Rp14.30 Trillion ≈ $837.80 Million |
+9.56% |
| 2015-12-31 | Rp13.05 Trillion ≈ $764.69 Million |
+14.26% |
| 2014-12-31 | Rp11.42 Trillion ≈ $669.25 Million |
+16.96% |
| 2013-12-31 | Rp9.77 Trillion ≈ $572.22 Million |
+15.15% |
| 2012-12-31 | Rp8.48 Trillion ≈ $496.94 Million |
+10.90% |
| 2011-12-31 | Rp7.65 Trillion ≈ $448.11 Million |
+5.45% |
| 2010-12-31 | Rp7.25 Trillion ≈ $424.95 Million |
+4.18% |
| 2009-12-31 | Rp6.96 Trillion ≈ $407.89 Million |
+5.46% |
| 2008-12-31 | Rp6.60 Trillion ≈ $386.79 Million |
+6.34% |
| 2007-12-31 | Rp6.21 Trillion ≈ $363.73 Million |
+61.24% |
| 2006-12-31 | Rp3.85 Trillion ≈ $225.59 Million |
+370.83% |
| 2005-12-31 | Rp817.67 Billion ≈ $47.91 Million |
+47.50% |
| 2004-12-31 | Rp554.36 Billion ≈ $32.48 Million |
-16.55% |
| 2003-12-31 | Rp664.28 Billion ≈ $38.92 Million |
+33.87% |
| 2002-12-31 | Rp496.23 Billion ≈ $29.08 Million |
+152.80% |
| 2001-12-31 | Rp-939.81 Billion ≈ $-55.07 Million |
-139.45% |
| 2000-12-31 | Rp-392.49 Billion ≈ $-23.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ciputra Development 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 1583443700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp15.83 Trillion | 65.79% |
| Common Stock | Rp4.63 Trillion | 19.25% |
| Other Comprehensive Income | Rp61.63 Billion | 0.26% |
| Other Components | Rp3.54 Trillion | 14.70% |
| Total Equity | Rp24.07 Trillion | 100.00% |
Ciputra Development Tbk Competitors by Market Cap
The table below lists competitors of Ciputra Development Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shengtak New Material Co Ltd
SHE:300881
|
$651.75 Million |
|
Arizona Sonoran Copper Company Inc
TO:ASCU
|
$652.36 Million |
|
Reservoir Media Inc
NASDAQ:RSVR
|
$652.72 Million |
|
Alok Industries Limited
NSE:ALOKINDS
|
$652.96 Million |
|
Ardmore Shipping Corporation
F:A61
|
$651.21 Million |
|
Sri Trang Agro-Industry Public Company Limited
BK:STA-R
|
$651.11 Million |
|
BES Engineering Co
TW:2515
|
$650.95 Million |
|
Aprogen KIC Inc
KO:007460
|
$650.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ciputra Development Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 21,861,375,000,000 to 24,068,831,000,000, a change of 2,207,456,000,000 (10.1%).
- Net income of 2,663,100,000,000 contributed positively to equity growth.
- Dividend payments of 444,857,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 9,677,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp2.66 Trillion | +11.06% |
| Dividends Paid | Rp444.86 Billion | -1.85% |
| Other Comprehensive Income | Rp-9.68 Billion | -0.04% |
| Other Changes | Rp-1.11 Billion | -0.0% |
| Total Change | Rp- | 10.10% |
Book Value vs Market Value Analysis
This analysis compares Ciputra Development 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: 0.46x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Rp-29.40 | Rp600.00 | x |
| 2006-12-31 | Rp403.74 | Rp600.00 | x |
| 2007-12-31 | Rp249.24 | Rp600.00 | x |
| 2008-12-31 | Rp258.79 | Rp600.00 | x |
| 2009-12-31 | Rp335.15 | Rp600.00 | x |
| 2010-12-31 | Rp317.81 | Rp600.00 | x |
| 2011-12-31 | Rp331.06 | Rp600.00 | x |
| 2012-12-31 | Rp362.37 | Rp600.00 | x |
| 2013-12-31 | Rp413.44 | Rp600.00 | x |
| 2014-12-31 | Rp483.62 | Rp600.00 | x |
| 2015-12-31 | Rp548.20 | Rp600.00 | x |
| 2016-12-31 | Rp495.12 | Rp600.00 | x |
| 2017-12-31 | Rp721.72 | Rp600.00 | x |
| 2018-12-31 | Rp775.47 | Rp600.00 | x |
| 2019-12-31 | Rp828.27 | Rp600.00 | x |
| 2020-12-31 | Rp827.17 | Rp600.00 | x |
| 2021-12-31 | Rp915.56 | Rp600.00 | x |
| 2022-12-31 | Rp994.73 | Rp600.00 | x |
| 2023-12-31 | Rp1081.48 | Rp600.00 | x |
| 2024-12-31 | Rp1179.42 | Rp600.00 | x |
| 2025-12-31 | Rp1298.51 | Rp600.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ciputra Development 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): 11.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.02%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.99x
- Recent ROE (11.06%) is above the historical average (9.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | 7.55% | 0.20x | 0.00x | Rp88.87 Billion |
| 2006 | 20.11% | 48.25% | 0.23x | 1.81x | Rp287.62 Billion |
| 2007 | 4.43% | 12.46% | 0.18x | 1.98x | Rp-210.79 Billion |
| 2008 | 9.96% | 30.54% | 0.16x | 2.03x | Rp-1.77 Billion |
| 2009 | 4.90% | 17.07% | 0.16x | 1.84x | Rp-237.23 Billion |
| 2010 | 7.94% | 23.00% | 0.18x | 1.91x | Rp-101.25 Billion |
| 2011 | 9.67% | 22.68% | 0.19x | 2.26x | Rp-16.66 Billion |
| 2012 | 10.54% | 17.73% | 0.22x | 2.69x | Rp30.14 Billion |
| 2013 | 15.32% | 19.24% | 0.25x | 3.15x | Rp338.98 Billion |
| 2014 | 17.87% | 20.88% | 0.27x | 3.14x | Rp583.51 Billion |
| 2015 | 15.27% | 17.08% | 0.29x | 3.12x | Rp443.27 Billion |
| 2016 | 9.39% | 12.79% | 0.23x | 3.17x | Rp-55.99 Billion |
| 2017 | 6.69% | 13.88% | 0.20x | 2.37x | Rp-443.41 Billion |
| 2018 | 8.25% | 15.46% | 0.22x | 2.39x | Rp-251.90 Billion |
| 2019 | 7.54% | 15.22% | 0.21x | 2.36x | Rp-377.29 Billion |
| 2020 | 8.61% | 16.36% | 0.21x | 2.56x | Rp-212.46 Billion |
| 2021 | 10.23% | 17.84% | 0.24x | 2.40x | Rp38.27 Billion |
| 2022 | 10.10% | 20.41% | 0.22x | 2.27x | Rp18.60 Billion |
| 2023 | 9.21% | 19.97% | 0.21x | 2.20x | Rp-158.51 Billion |
| 2024 | 9.73% | 19.01% | 0.24x | 2.15x | Rp-59.85 Billion |
| 2025 | 11.06% | 21.02% | 0.26x | 1.99x | Rp256.22 Billion |
Industry Comparison
This section compares Ciputra Development Tbk's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $3,414,474,382,232
- Average return on equity (ROE) among peers: 4.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ciputra Development Tbk (CTRA) | Rp27.46 Trillion | 0.00% | 0.67x | $651.67 Million |
| Adhi Commuter Properti Tbk PT (ADCP) | $2.57 Trillion | 4.51% | 1.58x | $65.11 Million |
| Makmur Berkah Amanda Pt (AMAN) | $619.31 Billion | 5.41% | 0.39x | $56.74 Million |
| Agung Podomoro Land Tbk (APLN) | $9.97 Trillion | 6.34% | 1.58x | $167.59 Million |
| Alam Sutera Realty Tbk (ASRI) | $7.19 Trillion | 7.08% | 1.81x | $127.80 Million |
| Bekasi Asri Pemula Tbk (BAPA) | $134.21 Billion | -2.79% | 0.06x | $9.23 Million |
| Bhakti Agung Propertindo (BAPI) | $9.21 Billion | 1.53% | 28.97x | $5.90 Million |
| Bumi Citra Permai Tbk (BCIP) | $250.23 Billion | 11.99% | 1.36x | $5.11 Million |
| Binakarya Jaya Abadi Tbk PT (BIKA) | $614.17 Billion | -4.07% | 2.84x | $1.91 Million |
| Sentul City Tbk (BKSL) | $2.25 Trillion | 3.80% | 0.12x | $1.42 Million |
| Bumi Serpong Damai Tbk (BSDE) | $10.53 Trillion | 12.21% | 0.59x | $747.52 Million |
About Ciputra Development Tbk
PT Ciputra Development Tbk, together with its subsidiaries, develops and sells real estate properties in Indonesia. The company operates through Real Estate and Rental segments. It develops, sells, and maintains houses, shophouses, warehouses, apartments, office towers, malls, hotels, golf courses, waterparks, and hospitals and healthcare facilities. The company was formerly known as PT Citra Hab… Read more