XL Axiata Tbk PT
PT XLSMART Telecom Sejahtera Tbk, together with its subsidiaries, provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia. It operates through two segments GSM mobile and telecommunications network and information technology services. The company provides cellular mobile and closed fixed network, Internet, Internet telephony and in… Read more
XL Axiata Tbk PT (EXCL) - Net Assets
Latest net assets as of September 2025: Rp32.00 Trillion IDR
Based on the latest financial reports, XL Axiata Tbk PT (EXCL) has net assets worth Rp32.00 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp109.82 Trillion) and total liabilities (Rp77.82 Trillion). 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 | Rp32.00 Trillion |
| % of Total Assets | 29.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | 37.02% |
| 10-Year Change | 86.08% |
| Growth Volatility | 56.12 |
XL Axiata Tbk PT - Net Assets Trend (2000–2024)
This chart illustrates how XL Axiata Tbk PT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for XL Axiata Tbk PT (2000–2024)
The table below shows the annual net assets of XL Axiata Tbk PT from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp26.22 Trillion | -1.07% |
| 2023-12-31 | Rp26.50 Trillion | +2.83% |
| 2022-12-31 | Rp25.77 Trillion | +28.30% |
| 2021-12-31 | Rp20.09 Trillion | +4.97% |
| 2020-12-31 | Rp19.14 Trillion | +0.08% |
| 2019-12-31 | Rp19.12 Trillion | +4.25% |
| 2018-12-31 | Rp18.34 Trillion | -15.20% |
| 2017-12-31 | Rp21.63 Trillion | +1.99% |
| 2016-12-31 | Rp21.21 Trillion | +50.51% |
| 2015-12-31 | Rp14.09 Trillion | +0.94% |
| 2014-12-31 | Rp13.96 Trillion | -8.75% |
| 2013-12-31 | Rp15.30 Trillion | -0.45% |
| 2012-12-31 | Rp15.37 Trillion | +12.25% |
| 2011-12-31 | Rp13.69 Trillion | +16.88% |
| 2010-12-31 | Rp11.72 Trillion | +33.08% |
| 2009-12-31 | Rp8.80 Trillion | +104.35% |
| 2008-12-31 | Rp4.31 Trillion | -3.51% |
| 2007-12-31 | Rp4.46 Trillion | +4.29% |
| 2006-12-31 | Rp4.28 Trillion | +17.96% |
| 2005-12-31 | Rp3.63 Trillion | +252.12% |
| 2004-12-31 | Rp1.03 Trillion | -5.32% |
| 2003-12-31 | Rp1.09 Trillion | +58.25% |
| 2002-12-31 | Rp687.93 Billion | +1342.83% |
| 2001-12-31 | Rp-55.35 Billion | +72.66% |
| 2000-12-31 | Rp-202.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to XL Axiata Tbk PT'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 8508.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp9.47 Trillion | 36.32% |
| Common Stock | Rp1.31 Trillion | 5.04% |
| Other Comprehensive Income | Rp1.40 Billion | 0.01% |
| Other Components | Rp15.28 Trillion | 58.64% |
| Total Equity | Rp26.06 Trillion | 100.00% |
XL Axiata Tbk PT Competitors by Market Cap
The table below lists competitors of XL Axiata Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Nanling Industrial Explosive Materials Co Ltd
SHE:002096
|
$855.80 Million |
|
Corporación Financiera Colombiana S.A
PINK:CRPFY
|
$856.09 Million |
|
OCI N.V
OTCGREY:OCINF
|
$856.42 Million |
|
Strauss Group Ltd
PINK:SGLJF
|
$856.64 Million |
|
Nokian Renkaat Oyj
PINK:NKRKF
|
$855.65 Million |
|
SKY Perfect JSAT Holdings Inc.
OTCGREY:SKPJF
|
$855.51 Million |
|
Huadian Energy
SHG:600726
|
$855.33 Million |
|
Hunan Valin Wire & Cable Co Ltd
SHE:001208
|
$855.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XL Axiata Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,360,361,000,000 to 26,060,392,000,000, a change of -299,969,000,000 (-1.1%).
- Net income of 1,819,019,000,000 contributed positively to equity growth.
- Dividend payments of 646,346,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 100,000,000.
- Other factors decreased equity by 1,472,742,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.82 Trillion | +6.98% |
| Dividends Paid | Rp646.35 Billion | -2.48% |
| Other Comprehensive Income | Rp100.00 Million | +0.0% |
| Other Changes | Rp-1.47 Trillion | -5.65% |
| Total Change | Rp- | -1.14% |
Book Value vs Market Value Analysis
This analysis compares XL Axiata Tbk PT'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: 1.41x
- 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 15.71x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Rp179.54 | Rp2820.00 | x |
| 2005-12-31 | Rp593.67 | Rp2820.00 | x |
| 2006-12-31 | Rp595.62 | Rp2820.00 | x |
| 2007-12-31 | Rp621.16 | Rp2820.00 | x |
| 2008-12-31 | Rp599.33 | Rp2820.00 | x |
| 2009-12-31 | Rp1204.27 | Rp2820.00 | x |
| 2010-12-31 | Rp1358.21 | Rp2820.00 | x |
| 2011-12-31 | Rp1586.12 | Rp2820.00 | x |
| 2012-12-31 | Rp1778.64 | Rp2820.00 | x |
| 2013-12-31 | Rp1768.82 | Rp2820.00 | x |
| 2014-12-31 | Rp1625.83 | Rp2820.00 | x |
| 2015-12-31 | Rp1627.68 | Rp2820.00 | x |
| 2016-12-31 | Rp2125.37 | Rp2820.00 | x |
| 2017-12-31 | Rp2023.85 | Rp2820.00 | x |
| 2018-12-31 | Rp1716.24 | Rp2820.00 | x |
| 2019-12-31 | Rp1789.11 | Rp2820.00 | x |
| 2020-12-31 | Rp1794.34 | Rp2820.00 | x |
| 2021-12-31 | Rp1883.05 | Rp2820.00 | x |
| 2022-12-31 | Rp2391.04 | Rp2820.00 | x |
| 2023-12-31 | Rp2016.56 | Rp2820.00 | x |
| 2024-12-31 | Rp1993.61 | Rp2820.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XL Axiata Tbk PT 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): 6.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.29%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 3.31x
- Recent ROE (6.98%) is below the historical average (10.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 108.05% | 29.93% | 0.52x | 6.90x | Rp674.49 Billion |
| 2003 | 36.81% | 15.27% | 0.47x | 5.09x | Rp291.86 Billion |
| 2004 | -4.40% | -1.75% | 0.40x | 6.28x | Rp-148.37 Billion |
| 2005 | -6.17% | -7.33% | 0.33x | 2.58x | Rp-587.02 Billion |
| 2006 | 15.23% | 13.92% | 0.37x | 2.95x | Rp223.76 Billion |
| 2007 | 5.62% | 3.14% | 0.42x | 4.22x | Rp-195.70 Billion |
| 2008 | -0.35% | -0.13% | 0.42x | 6.71x | Rp-445.90 Billion |
| 2009 | 19.42% | 12.47% | 0.50x | 3.11x | Rp829.16 Billion |
| 2010 | 24.68% | 16.56% | 0.64x | 2.33x | Rp1.72 Trillion |
| 2011 | 20.67% | 15.12% | 0.60x | 2.28x | Rp1.46 Trillion |
| 2012 | 17.99% | 13.18% | 0.59x | 2.31x | Rp1.23 Trillion |
| 2013 | 6.75% | 4.86% | 0.53x | 2.63x | Rp-497.20 Billion |
| 2014 | -6.38% | -3.80% | 0.37x | 4.56x | Rp-2.29 Trillion |
| 2015 | -0.18% | -0.11% | 0.39x | 4.18x | Rp-1.43 Trillion |
| 2016 | 1.77% | 1.76% | 0.39x | 2.59x | Rp-1.75 Trillion |
| 2017 | 1.73% | 1.64% | 0.41x | 2.60x | Rp-1.79 Trillion |
| 2018 | -17.97% | -14.37% | 0.40x | 3.14x | Rp-5.13 Trillion |
| 2019 | 3.73% | 2.84% | 0.40x | 3.28x | Rp-1.20 Trillion |
| 2020 | 1.94% | 1.43% | 0.38x | 3.54x | Rp-1.54 Trillion |
| 2021 | 6.41% | 4.81% | 0.37x | 3.62x | Rp-721.07 Billion |
| 2022 | 4.33% | 3.81% | 0.33x | 3.40x | Rp-1.45 Trillion |
| 2023 | 4.82% | 3.93% | 0.37x | 3.33x | Rp-1.36 Trillion |
| 2024 | 6.98% | 5.29% | 0.40x | 3.31x | Rp-787.02 Billion |
Industry Comparison
This section compares XL Axiata Tbk PT's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,733,222,311,267
- Average return on equity (ROE) among peers: 16.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XL Axiata Tbk PT (EXCL) | Rp32.00 Trillion | 108.05% | 2.43x | $855.71 Million |
| Bali Towerindo Sentra Tbk (BALI) | $2.44 Trillion | 8.68% | 1.13x | $123.29 Million |
| Centratama Telekomunikasi Ind (CENT) | $60.55 Billion | 14.20% | 0.12x | $15.42 Million |
| Pelita Teknologi Global (CHIP) | $6.50 Billion | 77.84% | 4.39x | $14.15 Million |
| Remala Abadi Tbk. (DATA) | $91.58 Billion | 28.54% | 0.61x | $2.21K |
| Indoritel Makmur Internasional (DNET) | $12.84 Billion | 5.41% | 0.33x | $1.17 Billion |
| Smartfren Telecom Tbk (FREN) | $12.74 Trillion | -17.18% | 1.17x | $1.43 Million |
| Gihon Telekomunikasi Indonesia Tbk PT (GHON) | $149.49 Billion | 24.54% | 1.83x | $8.10 Million |
| Inti Bangun Sejahtera Tbk (IBST) | $33.63 Billion | 0.00% | 7.14x | $178.96K |
| PT Sinergi Inti Andalan Prima Tbk (INET) | $65.20 Billion | 2.11% | 0.12x | $58.63 Million |