Smartfren Telecom Tbk
PT Smartfren Telecom Tbk, together with its subsidiaries, provides telecommunication services to individuals and businesses in Indonesia. It installs, constructs, maintains, repairs, and operates telecommunication network and services; trades telecommunication goods, equipment, and/or products, and computer hardware and other equipment; operates website; processes and tabulates data; develops e-c… Read more
Smartfren Telecom Tbk (FREN) - Net Assets
Latest net assets as of December 2024: Rp21.45 Trillion IDR
Based on the latest financial reports, Smartfren Telecom Tbk (FREN) has net assets worth Rp21.45 Trillion IDR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp43.18 Trillion) and total liabilities (Rp21.74 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 | Rp21.45 Trillion |
| % of Total Assets | 49.67% |
| Annual Growth Rate | 19.52% |
| 5-Year Change | 73.45% |
| 10-Year Change | 213.18% |
| Growth Volatility | 50.41 |
Smartfren Telecom Tbk - Net Assets Trend (2005–2024)
This chart illustrates how Smartfren Telecom Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smartfren Telecom Tbk (2005–2024)
The table below shows the annual net assets of Smartfren Telecom Tbk from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp21.45 Trillion | +36.85% |
| 2023-12-31 | Rp15.67 Trillion | -0.55% |
| 2022-12-31 | Rp15.76 Trillion | +24.55% |
| 2021-12-31 | Rp12.65 Trillion | +2.33% |
| 2020-12-31 | Rp12.37 Trillion | -2.90% |
| 2019-12-31 | Rp12.74 Trillion | +2.31% |
| 2018-12-31 | Rp12.45 Trillion | +34.65% |
| 2017-12-31 | Rp9.24 Trillion | +57.51% |
| 2016-12-31 | Rp5.87 Trillion | -14.30% |
| 2015-12-31 | Rp6.85 Trillion | +72.86% |
| 2014-12-31 | Rp3.96 Trillion | +29.90% |
| 2013-12-31 | Rp3.05 Trillion | -38.81% |
| 2012-12-31 | Rp4.98 Trillion | +52.48% |
| 2011-12-31 | Rp3.27 Trillion | +2835.93% |
| 2010-12-31 | Rp-119.48 Billion | -115.08% |
| 2009-12-31 | Rp792.53 Billion | +8.97% |
| 2008-12-31 | Rp727.32 Billion | -59.51% |
| 2007-12-31 | Rp1.80 Trillion | +12.89% |
| 2006-12-31 | Rp1.59 Trillion | +119.72% |
| 2005-12-31 | Rp724.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smartfren Telecom 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 decreased by 2633080900000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Rp47.78 Trillion | 222.76% |
| Total Equity | Rp21.45 Trillion | 100.00% |
Smartfren Telecom Tbk Competitors by Market Cap
The table below lists competitors of Smartfren Telecom Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATMA Participações S.A.
SA:ATMP3
|
$1.43 Million |
|
MACDONALD MNS EXPL. A
F:3M7
|
$1.43 Million |
|
Eat Beyond Global Holdings Inc
PINK:EATBF
|
$1.43 Million |
|
Rallye SA
PA:RAL
|
$1.43 Million |
|
Australian Critical Minerals Ltd
AU:ACM
|
$1.43 Million |
|
MT Malcolm Mines NL
AU:M2M
|
$1.43 Million |
|
PRIMEENERGY
BE:PEJ
|
$1.43 Million |
|
EzFill Holdings Inc
NASDAQ:EZFL
|
$1.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smartfren Telecom Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,672,557,000,000 to 21,448,296,000,000, a change of 5,775,739,000,000 (36.9%).
- Net loss of 1,294,922,000,000 reduced equity.
- New share issuances of 7,065,826,000,000 increased equity.
- Other comprehensive income decreased equity by 100,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-1.29 Trillion | -6.04% |
| Share Issuances | Rp7.07 Trillion | +32.94% |
| Other Comprehensive Income | Rp-100.00 Million | -0.0% |
| Other Changes | Rp4.93 Billion | +0.02% |
| Total Change | Rp- | 36.85% |
Book Value vs Market Value Analysis
This analysis compares Smartfren Telecom 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: 0.51x
- 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 increased from 0.03x to 0.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Rp716.04 | Rp23.00 | x |
| 2009-12-31 | Rp752.85 | Rp23.00 | x |
| 2010-12-31 | Rp-66.03 | Rp23.00 | x |
| 2011-12-31 | Rp430.92 | Rp23.00 | x |
| 2012-12-31 | Rp104.98 | Rp23.00 | x |
| 2013-12-31 | Rp47.92 | Rp23.00 | x |
| 2014-12-31 | Rp55.68 | Rp23.00 | x |
| 2015-12-31 | Rp61.25 | Rp23.00 | x |
| 2016-12-31 | Rp52.19 | Rp23.00 | x |
| 2017-12-31 | Rp60.46 | Rp23.00 | x |
| 2018-12-31 | Rp57.46 | Rp23.00 | x |
| 2019-12-31 | Rp41.16 | Rp23.00 | x |
| 2020-12-31 | Rp39.97 | Rp23.00 | x |
| 2021-12-31 | Rp40.38 | Rp23.00 | x |
| 2022-12-31 | Rp49.59 | Rp23.00 | x |
| 2023-12-31 | Rp46.73 | Rp23.00 | x |
| 2024-12-31 | Rp44.99 | Rp23.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smartfren Telecom 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): -6.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.34%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.01x
- Recent ROE (-6.04%) is above the historical average (-31.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 2.21% | 5.97% | 0.19x | 1.91x | Rp-123.88 Billion |
| 2007 | 2.80% | 5.70% | 0.19x | 2.53x | Rp-129.27 Billion |
| 2008 | -146.96% | -115.36% | 0.19x | 6.55x | Rp-1.14 Trillion |
| 2009 | -91.40% | -134.80% | 0.11x | 6.00x | Rp-803.65 Billion |
| 2010 | 0.00% | -372.32% | 0.08x | 0.00x | Rp-1.39 Trillion |
| 2011 | -73.45% | -251.48% | 0.08x | 3.76x | Rp-2.73 Trillion |
| 2012 | -31.36% | -94.76% | 0.12x | 2.88x | Rp-2.06 Trillion |
| 2013 | -83.11% | -104.34% | 0.15x | 5.20x | Rp-2.84 Trillion |
| 2014 | -34.81% | -46.67% | 0.17x | 4.48x | Rp-1.77 Trillion |
| 2015 | -22.86% | -51.73% | 0.15x | 3.02x | Rp-2.25 Trillion |
| 2016 | -33.64% | -54.28% | 0.16x | 3.89x | Rp-2.56 Trillion |
| 2017 | -32.70% | -64.74% | 0.19x | 2.61x | Rp-3.95 Trillion |
| 2018 | -28.54% | -64.71% | 0.22x | 2.03x | Rp-4.80 Trillion |
| 2019 | -17.18% | -31.31% | 0.25x | 2.17x | Rp-3.46 Trillion |
| 2020 | -12.32% | -16.19% | 0.24x | 3.13x | Rp-2.76 Trillion |
| 2021 | -3.44% | -4.16% | 0.24x | 3.43x | Rp-1.70 Trillion |
| 2022 | 6.75% | 9.50% | 0.24x | 2.95x | Rp-511.71 Billion |
| 2023 | -0.70% | -0.93% | 0.26x | 2.87x | Rp-1.68 Trillion |
| 2024 | -6.04% | -11.34% | 0.26x | 2.01x | Rp-3.44 Trillion |
Industry Comparison
This section compares Smartfren Telecom Tbk's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $2,721,596,000,376
- Average return on equity (ROE) among peers: 18.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smartfren Telecom Tbk (FREN) | Rp21.45 Trillion | 2.21% | 1.01x | $1.43 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 |
| XL Axiata Tbk PT (EXCL) | $21.63 Trillion | 1.73% | 1.60x | $855.71 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 |