Vale Indonesia Tbk
PT Vale Indonesia Tbk, together with its subsidiaries, engages in the mining and processing of nickel in Indonesia. It is also involved in the non-iron metal manufacturing business. The company was formerly known as PT International Nickel Indonesia Tbk and changed its name to PT Vale Indonesia Tbk in September 2011. The company was incorporated in 1968 and is headquartered in Jakarta, Indonesia.
Vale Indonesia Tbk (INCO) - Net Assets
Latest net assets as of September 2025: Rp2.76 Billion IDR
Based on the latest financial reports, Vale Indonesia Tbk (INCO) has net assets worth Rp2.76 Billion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp3.25 Billion) and total liabilities (Rp491.63 Million). 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 | Rp2.76 Billion |
| % of Total Assets | 84.86% |
| Annual Growth Rate | 5.66% |
| 5-Year Change | 35.26% |
| 10-Year Change | 49.01% |
| Growth Volatility | 9.27 |
Vale Indonesia Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Vale Indonesia 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 Vale Indonesia Tbk (2000–2024)
The table below shows the annual net assets of Vale Indonesia Tbk from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp2.73 Billion | +6.56% |
| 2023-12-31 | Rp2.56 Billion | +8.91% |
| 2022-12-31 | Rp2.35 Billion | +9.30% |
| 2021-12-31 | Rp2.15 Billion | +6.64% |
| 2020-12-31 | Rp2.02 Billion | +4.05% |
| 2019-12-31 | Rp1.94 Billion | +3.08% |
| 2018-12-31 | Rp1.88 Billion | +3.54% |
| 2017-12-31 | Rp1.82 Billion | -0.83% |
| 2016-12-31 | Rp1.83 Billion | +0.03% |
| 2015-12-31 | Rp1.83 Billion | +2.72% |
| 2014-12-31 | Rp1.79 Billion | +4.15% |
| 2013-12-31 | Rp1.71 Billion | -0.42% |
| 2012-12-31 | Rp1.72 Billion | -2.70% |
| 2011-12-31 | Rp1.77 Billion | +5.32% |
| 2010-12-31 | Rp1.68 Billion | +6.23% |
| 2009-12-31 | Rp1.58 Billion | +3.97% |
| 2008-12-31 | Rp1.52 Billion | +9.69% |
| 2007-12-31 | Rp1.39 Billion | -17.60% |
| 2006-12-31 | Rp1.68 Billion | +31.60% |
| 2005-12-31 | Rp1.28 Billion | +18.96% |
| 2004-12-31 | Rp1.07 Billion | +24.85% |
| 2003-12-31 | Rp860.91 Million | +11.65% |
| 2002-12-31 | Rp771.12 Million | +4.85% |
| 2001-12-31 | Rp735.44 Million | +0.96% |
| 2000-12-31 | Rp728.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vale Indonesia 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 624.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp2.18 Billion | 79.77% |
| Common Stock | Rp144.70 Million | 5.29% |
| Other Components | Rp408.17 Million | 14.94% |
| Total Equity | Rp2.73 Billion | 100.00% |
Vale Indonesia Tbk Competitors by Market Cap
The table below lists competitors of Vale Indonesia Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Super Hi International Holding Ltd.
OTCGREY:SPHIF
|
$805.43 Million |
|
Beijing Philisense Tech
SHE:300287
|
$805.86 Million |
|
ArcherMind Technology Nanjing Co Ltd
SHE:300598
|
$806.26 Million |
|
Shanghai Awinic Technology Co Ltd
SHG:688798
|
$806.54 Million |
|
Gui Zhou Tyre Co Ltd
SHE:000589
|
$805.35 Million |
|
Lithium Argentina AG
NYSE:LAR
|
$804.92 Million |
|
Srisawad Power 1979 PCL
BK:SAWAD
|
$804.73 Million |
|
Metals Acquisition Limited
NYSE:MTAL
|
$804.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vale Indonesia Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,564,537,000 to 2,732,776,000, a change of 168,239,000 (6.6%).
- Net income of 57,761,000 contributed positively to equity growth.
- Share repurchases of 112,346,000 reduced equity.
- New share issuances of 112,346,000 increased equity.
- Other factors increased equity by 110,478,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp57.76 Million | +2.11% |
| Share Repurchases | Rp112.35 Million | -4.11% |
| Share Issuances | Rp112.35 Million | +4.11% |
| Other Changes | Rp110.48 Million | +4.04% |
| Total Change | Rp- | 6.56% |
Book Value vs Market Value Analysis
This analysis compares Vale Indonesia 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: 23237.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 46817.48x to 23237.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Rp0.13 | Rp6025.00 | x |
| 2006-12-31 | Rp0.17 | Rp6025.00 | x |
| 2007-12-31 | Rp0.14 | Rp6025.00 | x |
| 2008-12-31 | Rp0.15 | Rp6025.00 | x |
| 2009-12-31 | Rp0.16 | Rp6025.00 | x |
| 2010-12-31 | Rp0.17 | Rp6025.00 | x |
| 2011-12-31 | Rp0.18 | Rp6025.00 | x |
| 2012-12-31 | Rp0.17 | Rp6025.00 | x |
| 2013-12-31 | Rp0.17 | Rp6025.00 | x |
| 2014-12-31 | Rp0.18 | Rp6025.00 | x |
| 2015-12-31 | Rp0.18 | Rp6025.00 | x |
| 2016-12-31 | Rp0.18 | Rp6025.00 | x |
| 2017-12-31 | Rp0.18 | Rp6025.00 | x |
| 2018-12-31 | Rp0.19 | Rp6025.00 | x |
| 2019-12-31 | Rp0.20 | Rp6025.00 | x |
| 2020-12-31 | Rp0.20 | Rp6025.00 | x |
| 2021-12-31 | Rp0.22 | Rp6025.00 | x |
| 2022-12-31 | Rp0.24 | Rp6025.00 | x |
| 2023-12-31 | Rp0.26 | Rp6025.00 | x |
| 2024-12-31 | Rp0.26 | Rp6025.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vale Indonesia 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): 2.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.08%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.16x
- Recent ROE (2.11%) is below the historical average (13.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.05% | 20.04% | 0.31x | 1.79x | Rp7.64 Million |
| 2001 | 1.26% | 3.13% | 0.24x | 1.67x | Rp-64.28 Million |
| 2002 | 3.93% | 9.43% | 0.26x | 1.58x | Rp-46.83 Million |
| 2003 | 12.10% | 20.47% | 0.39x | 1.50x | Rp18.09 Million |
| 2004 | 24.66% | 33.47% | 0.53x | 1.40x | Rp157.60 Million |
| 2005 | 20.94% | 30.25% | 0.54x | 1.29x | Rp139.88 Million |
| 2006 | 30.51% | 38.38% | 0.63x | 1.26x | Rp345.08 Million |
| 2007 | 84.60% | 50.43% | 1.23x | 1.36x | Rp1.03 Billion |
| 2008 | 23.63% | 27.38% | 0.71x | 1.21x | Rp207.23 Million |
| 2009 | 10.78% | 22.40% | 0.37x | 1.29x | Rp12.29 Million |
| 2010 | 26.04% | 34.27% | 0.58x | 1.30x | Rp269.38 Million |
| 2011 | 18.87% | 26.86% | 0.51x | 1.37x | Rp156.85 Million |
| 2012 | 3.92% | 6.98% | 0.41x | 1.36x | Rp-104.65 Million |
| 2013 | 2.25% | 4.19% | 0.40x | 1.33x | Rp-132.77 Million |
| 2014 | 9.65% | 16.60% | 0.44x | 1.31x | Rp-6.26 Million |
| 2015 | 2.75% | 6.39% | 0.34x | 1.25x | Rp-132.89 Million |
| 2016 | 0.10% | 0.33% | 0.26x | 1.21x | Rp-181.55 Million |
| 2017 | -0.84% | -2.43% | 0.29x | 1.20x | Rp-197.21 Million |
| 2018 | 3.21% | 7.79% | 0.35x | 1.17x | Rp-127.86 Million |
| 2019 | 2.96% | 7.34% | 0.35x | 1.14x | Rp-136.77 Million |
| 2020 | 4.10% | 10.83% | 0.33x | 1.15x | Rp-119.22 Million |
| 2021 | 7.70% | 17.39% | 0.39x | 1.15x | Rp-49.65 Million |
| 2022 | 8.51% | 16.99% | 0.44x | 1.13x | Rp-35.08 Million |
| 2023 | 10.70% | 22.26% | 0.42x | 1.14x | Rp17.88 Million |
| 2024 | 2.11% | 6.08% | 0.30x | 1.16x | Rp-215.52 Million |
Industry Comparison
This section compares Vale Indonesia Tbk's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $645,532,478,901
- Average return on equity (ROE) among peers: 17.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vale Indonesia Tbk (INCO) | Rp2.76 Billion | 11.05% | 0.18x | $805.36 Million |
| Bumi Resources Minerals Tbk (BRMS) | $-2.84 Billion | 0.00% | 0.00x | $1.23 Billion |
| Cita Mineral Investindo Tbk PT (CITA) | $2.10 Trillion | 29.99% | 0.80x | $76.72 Million |
| Daaz Bara Lestari Tbk (DAAZ) | $1.58 Trillion | 28.79% | 2.25x | $49.60 Million |
| Central Omega Resources Tbk PT (DKFT) | $1.13 Trillion | -4.04% | 0.05x | $81.01 Million |
| Hillcon (HILL) | $-23.50 Billion | 0.00% | 0.00x | $2.42 Million |
| Ifishdeco PT (IFSH) | $838.04 Billion | 9.98% | 0.20x | $42.70 Million |
| Sumber Energi Andalan Tbk PT (ITMA) | $91.38 Million | 34.41% | 0.00x | $16.05 Million |
| Merdeka Copper Gold PT (MDKA) | $2.76 Billion | -0.75% | 0.80x | $2.56 Billion |
| Sinar Terang Mandiri PT Tbk (MINE) | $182.66 Billion | 60.14% | 2.97x | $197.92 |