XL Axiata Tbk PT (EXCL) - Net Assets

Latest as of September 2025: Rp32.00 Trillion IDR ≈ $1.87 Billion USD

Based on the latest financial reports, XL Axiata Tbk PT (EXCL) has net assets worth Rp32.00 Trillion IDR (≈ $1.87 Billion USD) 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 ≈ $6.43 Billion USD) and total liabilities (Rp77.82 Trillion ≈ $4.56 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 asset resilience ratio of XL Axiata Tbk PT to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is XL Axiata Tbk PT's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see EXCL stock market capitalisation.

Year Net Assets Change
2024-12-31 Rp26.22 Trillion
≈ $1.54 Billion		 -1.07%
2023-12-31 Rp26.50 Trillion
≈ $1.55 Billion		 +2.83%
2022-12-31 Rp25.77 Trillion
≈ $1.51 Billion		 +28.30%
2021-12-31 Rp20.09 Trillion
≈ $1.18 Billion		 +4.97%
2020-12-31 Rp19.14 Trillion
≈ $1.12 Billion		 +0.08%
2019-12-31 Rp19.12 Trillion
≈ $1.12 Billion		 +4.25%
2018-12-31 Rp18.34 Trillion
≈ $1.07 Billion		 -15.20%
2017-12-31 Rp21.63 Trillion
≈ $1.27 Billion		 +1.99%
2016-12-31 Rp21.21 Trillion
≈ $1.24 Billion		 +50.51%
2015-12-31 Rp14.09 Trillion
≈ $825.71 Million		 +0.94%
2014-12-31 Rp13.96 Trillion
≈ $818.04 Million		 -8.75%
2013-12-31 Rp15.30 Trillion
≈ $896.53 Million		 -0.45%
2012-12-31 Rp15.37 Trillion
≈ $900.62 Million		 +12.25%
2011-12-31 Rp13.69 Trillion
≈ $802.33 Million		 +16.88%
2010-12-31 Rp11.72 Trillion
≈ $686.46 Million		 +33.08%
2009-12-31 Rp8.80 Trillion
≈ $515.83 Million		 +104.35%
2008-12-31 Rp4.31 Trillion
≈ $252.43 Million		 -3.51%
2007-12-31 Rp4.46 Trillion
≈ $261.62 Million		 +4.29%
2006-12-31 Rp4.28 Trillion
≈ $250.86 Million		 +17.96%
2005-12-31 Rp3.63 Trillion
≈ $212.66 Million		 +252.12%
2004-12-31 Rp1.03 Trillion
≈ $60.39 Million		 -5.32%
2003-12-31 Rp1.09 Trillion
≈ $63.79 Million		 +58.25%
2002-12-31 Rp687.93 Billion
≈ $40.31 Million		 +1342.83%
2001-12-31 Rp-55.35 Billion
≈ $-3.24 Million		 +72.66%
2000-12-31 Rp-202.44 Billion
≈ $-11.86 Million		 --

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
Wedge Industrial Co Ltd
SHE:000534
 $2.95 Billion
Fujian Newland Computer Co Ltd
SHE:000997
 $2.95 Billion
ASPEN PHAR.UN.ADR /1 O.N.
F:LDZU
 $2.95 Billion
Tibet Mineral Development Co Ltd
SHE:000762
 $2.95 Billion
PNB Housing Finance Limited
NSE:PNBHOUSING
 $2.95 Billion
COSCO SHIPPING Energy Transportation Co. Ltd
F:HIFH
 $2.95 Billion
First BanCorp
F:OLWN
 $2.94 Billion
Integer Holdings Corp
NYSE:ITGR
 $2.94 Billion

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: 1.47x
  • 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 16.37x to 1.47x 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 Rp2940.00 x
2005-12-31 Rp593.67 Rp2940.00 x
2006-12-31 Rp595.62 Rp2940.00 x
2007-12-31 Rp621.16 Rp2940.00 x
2008-12-31 Rp599.33 Rp2940.00 x
2009-12-31 Rp1204.27 Rp2940.00 x
2010-12-31 Rp1358.21 Rp2940.00 x
2011-12-31 Rp1586.12 Rp2940.00 x
2012-12-31 Rp1778.64 Rp2940.00 x
2013-12-31 Rp1768.82 Rp2940.00 x
2014-12-31 Rp1625.83 Rp2940.00 x
2015-12-31 Rp1627.68 Rp2940.00 x
2016-12-31 Rp2125.37 Rp2940.00 x
2017-12-31 Rp2023.85 Rp2940.00 x
2018-12-31 Rp1716.24 Rp2940.00 x
2019-12-31 Rp1789.11 Rp2940.00 x
2020-12-31 Rp1794.34 Rp2940.00 x
2021-12-31 Rp1883.05 Rp2940.00 x
2022-12-31 Rp2391.04 Rp2940.00 x
2023-12-31 Rp2016.56 Rp2940.00 x
2024-12-31 Rp1993.61 Rp2940.00 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: $914,200,779,602
  • Average return on equity (ROE) among peers: -16.14%

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 $2.95 Billion
Bali Towerindo Sentra Tbk (BALI) $500.55 Billion 24.13% 1.41x $292.80 Million
Centratama Telekomunikasi Ind (CENT) $84.02 Billion 8.40% 0.06x $180.90 Million
Indoritel Makmur Internasional (DNET) $18.66 Billion 0.00% 0.27x $7.87 Billion
Smartfren Telecom Tbk (FREN) $792.53 Billion -91.40% 5.00x $1.36 Million
Gihon Telekomunikasi Indonesia Tbk PT (GHON) $669.85 Billion 11.61% 0.24x $57.69 Million
Inti Bangun Sejahtera Tbk (IBST) $2.17 Trillion -85.36% 1.04x $670.86 Million
Indosat Tbk (ISAT) $3.85 Trillion 20.36% 0.11x $3.77 Billion
Jasnita Telekomindo Tbk PT (JAST) $10.51 Billion -36.57% 4.47x $6.28 Million
LCK Global Kedaton (LCKM) $134.03 Billion 3.59% 0.09x $7.85 Million

About XL Axiata Tbk PT

JK:EXCL Indonesia Telecom Services
Market Cap
$2.95 Billion
Rp50.29 Trillion IDR
Market Cap Rank
#4990 Global
#40 in Indonesia
Share Price
Rp2940.00
Change (1 day)
-2.00%
52-Week Range
Rp2130.00 - Rp4490.00
All Time High
Rp4490.00
Categories
Companies in Indonesia Telecom Services
About

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