Forza Land Indonesia Tbk PT
PT Forza Land Indonesia Tbk engages in the property development business in Indonesia. It primarily develops industrial estates, apartment buildings, condominiums, offices, and shops and facilities, as well as other residential projects. The company was formerly known as PT Megah Satu Properti and changed its name to PT Forza Land Indonesia Tbk in 2016. PT Forza Land Indonesia Tbk was founded in … Read more
Forza Land Indonesia Tbk PT (FORZ) - Net Assets
Latest net assets as of September 2020: Rp291.53 Billion IDR
Based on the latest financial reports, Forza Land Indonesia Tbk PT (FORZ) has net assets worth Rp291.53 Billion IDR as of September 2020.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp596.70 Billion) and total liabilities (Rp305.17 Billion). 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 | Rp291.53 Billion |
| % of Total Assets | 48.86% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.79 |
Forza Land Indonesia Tbk PT - Net Assets Trend (2013–2019)
This chart illustrates how Forza Land Indonesia 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 Forza Land Indonesia Tbk PT (2013–2019)
The table below shows the annual net assets of Forza Land Indonesia Tbk PT from 2013 to 2019.
| Year | Net Assets | Change |
|---|---|---|
| 2019-12-31 | Rp285.83 Billion | +1.56% |
| 2018-12-31 | Rp281.45 Billion | +60.05% |
| 2017-12-31 | Rp175.85 Billion | +0.65% |
| 2016-12-31 | Rp174.70 Billion | +789.76% |
| 2015-12-31 | Rp-25.33 Billion | -7.81% |
| 2014-12-31 | Rp-23.49 Billion | -196.50% |
| 2013-12-31 | Rp-7.92 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forza Land Indonesia 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 3840940775900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2019)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp38.18 Billion | 13.37% |
| Common Stock | Rp198.40 Billion | 69.50% |
| Other Comprehensive Income | Rp284.08 Million | 0.10% |
| Other Components | Rp48.62 Billion | 17.03% |
| Total Equity | Rp285.48 Billion | 100.00% |
Forza Land Indonesia Tbk PT Competitors by Market Cap
The table below lists competitors of Forza Land Indonesia Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AB Panevezio Statybos Trestas
STU:YK3
|
$4.27 Million |
|
Fresh Grapes LLC
NYSE MKT:VINE
|
$4.27 Million |
|
Living Cell Technologies Limited
PINK:LVCLF
|
$4.27 Million |
|
EPS Bio Technology Corp.
TWO:4183
|
$4.27 Million |
|
PP PRIME Public Company Limited
BK:PPPM
|
$4.26 Million |
|
Minaean SP Construction Corp
V:MSP
|
$4.26 Million |
|
Direct Finance TA
TA:DIFI
|
$4.26 Million |
|
Rhone Ma Holdings Bhd
KLSE:5278
|
$4.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forza Land Indonesia Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2018 to 2019, total equity changed from 281,057,269,950 to 285,481,319,273, a change of 4,424,049,323 (1.6%).
- Net income of 1,256,125,823 contributed positively to equity growth.
- Share repurchases of 3,056,212,500 reduced equity.
- New share issuances of 3,056,212,500 increased equity.
- Other comprehensive income increased equity by 284,079,000.
- Other factors increased equity by 2,883,844,500.
Equity Change Factors (2018 to 2019)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.26 Billion | +0.44% |
| Share Repurchases | Rp3.06 Billion | -1.07% |
| Share Issuances | Rp3.06 Billion | +1.07% |
| Other Comprehensive Income | Rp284.08 Million | +0.1% |
| Other Changes | Rp2.88 Billion | +1.01% |
| Total Change | Rp- | 1.57% |
Book Value vs Market Value Analysis
This analysis compares Forza Land Indonesia 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: 0.35x
- 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 34.42x to 0.35x 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 | Rp1.45 | Rp50.00 | x |
| 2013-12-31 | Rp-5.07 | Rp50.00 | x |
| 2014-12-31 | Rp-15.03 | Rp50.00 | x |
| 2015-12-31 | Rp-15.95 | Rp50.00 | x |
| 2016-12-31 | Rp111.55 | Rp50.00 | x |
| 2017-12-31 | Rp110.84 | Rp50.00 | x |
| 2018-12-31 | Rp147.74 | Rp50.00 | x |
| 2019-12-31 | Rp143.89 | Rp50.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forza Land Indonesia 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): 0.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.16%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.54x
- Recent ROE (0.44%) is above the historical average (0.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -10.48% | 0.00% | 0.00x | 1.00x | Rp-464.91 Million |
| 2013 | 0.00% | -110.30% | 0.08x | 0.00x | Rp-11.14 Billion |
| 2014 | 0.00% | 6.71% | 0.19x | 0.00x | Rp5.45 Billion |
| 2015 | 0.00% | 21.02% | 0.29x | 0.00x | Rp29.25 Billion |
| 2016 | 5.28% | 9.31% | 0.20x | 2.82x | Rp-8.23 Billion |
| 2017 | 4.85% | 9.55% | 0.14x | 3.51x | Rp-9.04 Billion |
| 2018 | 0.81% | 3.10% | 0.10x | 2.52x | Rp-25.83 Billion |
| 2019 | 0.44% | 2.16% | 0.08x | 2.54x | Rp-27.29 Billion |
Industry Comparison
This section compares Forza Land Indonesia Tbk PT's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,998,725,518,942
- Average return on equity (ROE) among peers: 4.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forza Land Indonesia Tbk PT (FORZ) | Rp291.53 Billion | -10.48% | 1.05x | $4.26 Million |
| Adhi Commuter Properti Tbk PT (ADCP) | $2.57 Trillion | 4.51% | 1.58x | $6.68 Million |
| Makmur Berkah Amanda Pt (AMAN) | $709.54 Billion | 7.78% | 0.53x | $8.15 Million |
| Agung Podomoro Land Tbk (APLN) | $6.35 Trillion | 12.79% | 1.39x | $21.65 Million |
| Alam Sutera Realty Tbk (ASRI) | $2.79 Trillion | 21.63% | 1.16x | $78.83 Million |
| Bekasi Asri Pemula Tbk (BAPA) | $128.84 Billion | -2.88% | 0.05x | $1.06 Million |
| Bhakti Agung Propertindo (BAPI) | $428.73 Billion | -0.57% | 0.46x | $2.99 Million |
| Bumi Citra Permai Tbk (BCIP) | $73.69 Billion | 2.96% | 0.68x | $3.82 Million |
| Binakarya Jaya Abadi Tbk PT (BIKA) | $695.65 Billion | -3.52% | 2.41x | $556.90K |
| Sentul City Tbk (BKSL) | $4.59 Trillion | 2.95% | 0.15x | $112.63 Million |
| Wulandari Bangun Laksana (BSBK) | $1.65 Trillion | 0.24% | 0.53x | $13.48 Million |