Vale Indonesia Tbk (INCO) - Net Assets
Based on the latest financial reports, Vale Indonesia Tbk (INCO) has net assets worth Rp2.78 Billion IDR (≈ $162.69K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp3.35 Billion ≈ $196.15K USD) and total liabilities (Rp571.06 Million ≈ $33.46K 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 INCO asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp2.78 Billion |
| % of Total Assets | 82.94% |
| Annual Growth Rate | 5.5% |
| 5-Year Change | 28.87% |
| 10-Year Change | 51.34% |
| Growth Volatility | 9.13 |
Vale Indonesia Tbk - Net Assets Trend (2000–2025)
This chart illustrates how Vale Indonesia Tbk's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Vale Indonesia Tbk for the complete picture of this company's asset base.
Annual Net Assets for Vale Indonesia Tbk (2000–2025)
The table below shows the annual net assets of Vale Indonesia Tbk from 2000 to 2025. For live valuation and market cap data, see INCO stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp2.78 Billion ≈ $162.69K |
+1.60% |
| 2024-12-31 | Rp2.73 Billion ≈ $160.13K |
+6.56% |
| 2023-12-31 | Rp2.56 Billion ≈ $150.27K |
+8.91% |
| 2022-12-31 | Rp2.35 Billion ≈ $137.98K |
+9.30% |
| 2021-12-31 | Rp2.15 Billion ≈ $126.24K |
+6.64% |
| 2020-12-31 | Rp2.02 Billion ≈ $118.39K |
+4.05% |
| 2019-12-31 | Rp1.94 Billion ≈ $113.78K |
+3.08% |
| 2018-12-31 | Rp1.88 Billion ≈ $110.38K |
+3.54% |
| 2017-12-31 | Rp1.82 Billion ≈ $106.61K |
-0.83% |
| 2016-12-31 | Rp1.83 Billion ≈ $107.50K |
+0.03% |
| 2015-12-31 | Rp1.83 Billion ≈ $107.46K |
+2.72% |
| 2014-12-31 | Rp1.79 Billion ≈ $104.61K |
+4.15% |
| 2013-12-31 | Rp1.71 Billion ≈ $100.45K |
-0.42% |
| 2012-12-31 | Rp1.72 Billion ≈ $100.87K |
-2.70% |
| 2011-12-31 | Rp1.77 Billion ≈ $103.67K |
+5.32% |
| 2010-12-31 | Rp1.68 Billion ≈ $98.43K |
+6.23% |
| 2009-12-31 | Rp1.58 Billion ≈ $92.66K |
+3.97% |
| 2008-12-31 | Rp1.52 Billion ≈ $89.12K |
+9.69% |
| 2007-12-31 | Rp1.39 Billion ≈ $81.25K |
-17.60% |
| 2006-12-31 | Rp1.68 Billion ≈ $98.60K |
+31.60% |
| 2005-12-31 | Rp1.28 Billion ≈ $74.93K |
+18.96% |
| 2004-12-31 | Rp1.07 Billion ≈ $62.98K |
+24.85% |
| 2003-12-31 | Rp860.91 Million ≈ $50.45K |
+11.65% |
| 2002-12-31 | Rp771.12 Million ≈ $45.18K |
+4.85% |
| 2001-12-31 | Rp735.44 Million ≈ $43.09K |
+0.96% |
| 2000-12-31 | Rp728.47 Million ≈ $42.69K |
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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 638.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp2.22 Billion | 80.05% |
| Common Stock | Rp144.77 Million | 5.21% |
| Other Comprehensive Income | Rp28.15 Million | 1.01% |
| Other Components | Rp381.07 Million | 13.73% |
| Total Equity | Rp2.78 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 |
|---|---|
|
Beijing Tricolor Technology Co Ltd
SHG:603516
|
$4.23 Billion |
|
Huaxin Cement Co Ltd A
SHG:600801
|
$4.23 Billion |
|
Margun Enerji Uretim Sanayi ve Ticaret AS
IS:MAGEN
|
$4.23 Billion |
|
Lemonade Inc
NYSE:LMND
|
$4.23 Billion |
|
Stepstone Group Inc
NASDAQ:STEP
|
$4.23 Billion |
|
DB HiTek Co Ltd
KO:000990
|
$4.23 Billion |
|
Masan Group Corp
VN:MSN
|
$4.22 Billion |
|
TFS Financial Corporation
NASDAQ:TFSL
|
$4.22 Billion |
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 2024 to 2025, total equity changed from 2,732,776,000 to 2,776,463,538, a change of 43,687,538 (1.6%).
- Net income of 75,129,556 contributed positively to equity growth.
- Dividend payments of 34,182,303 reduced retained earnings.
- Other comprehensive income increased equity by 28,145,065.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp75.13 Million | +2.71% |
| Dividends Paid | Rp34.18 Million | -1.23% |
| Other Comprehensive Income | Rp28.15 Million | +1.01% |
| Other Changes | Rp-25.40 Million | -0.92% |
| Total Change | Rp- | 1.60% |
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: 26003.41x
- 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 53228.17x to 26003.41x 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 | Rp6850.00 | x |
| 2006-12-31 | Rp0.17 | Rp6850.00 | x |
| 2007-12-31 | Rp0.14 | Rp6850.00 | x |
| 2008-12-31 | Rp0.15 | Rp6850.00 | x |
| 2009-12-31 | Rp0.16 | Rp6850.00 | x |
| 2010-12-31 | Rp0.17 | Rp6850.00 | x |
| 2011-12-31 | Rp0.18 | Rp6850.00 | x |
| 2012-12-31 | Rp0.17 | Rp6850.00 | x |
| 2013-12-31 | Rp0.17 | Rp6850.00 | x |
| 2014-12-31 | Rp0.18 | Rp6850.00 | x |
| 2015-12-31 | Rp0.18 | Rp6850.00 | x |
| 2016-12-31 | Rp0.18 | Rp6850.00 | x |
| 2017-12-31 | Rp0.18 | Rp6850.00 | x |
| 2018-12-31 | Rp0.19 | Rp6850.00 | x |
| 2019-12-31 | Rp0.20 | Rp6850.00 | x |
| 2020-12-31 | Rp0.20 | Rp6850.00 | x |
| 2021-12-31 | Rp0.22 | Rp6850.00 | x |
| 2022-12-31 | Rp0.24 | Rp6850.00 | x |
| 2023-12-31 | Rp0.26 | Rp6850.00 | x |
| 2024-12-31 | Rp0.26 | Rp6850.00 | x |
| 2025-12-31 | Rp0.26 | Rp6850.00 | 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): 2.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.68%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.21x
- Recent ROE (2.71%) is below the historical average (12.62%), 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 |
| 2025 | 2.71% | 7.68% | 0.29x | 1.21x | Rp-202.52 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: $2,309,629,099,298
- Average return on equity (ROE) among peers: 11.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vale Indonesia Tbk (INCO) | Rp2.78 Billion | 11.05% | 0.21x | $4.23 Billion |
| Bumi Resources Minerals Tbk (BRMS) | $-2.84 Billion | 0.00% | 0.00x | $1.21 Billion |
| Cita Mineral Investindo Tbk PT (CITA) | $5.52 Trillion | 13.02% | 0.13x | $867.91 Million |
| Central Omega Resources Tbk PT (DKFT) | $418.78 Billion | 14.96% | 5.13x | $269.76 Million |
| Ifishdeco PT (IFSH) | $676.47 Billion | 25.06% | 0.49x | $264.82 Million |
| Sumber Energi Andalan Tbk PT (ITMA) | $5.89 Billion | 0.00% | 2.84x | $115.91 Million |
| Merdeka Copper Gold PT (MDKA) | $563.65 Million | 5.13% | 0.65x | $4.62 Billion |
| PT Trimegah Bangun Persada Tbk (NCKL) | $14.23 Trillion | 32.80% | 1.43x | $3.86 Billion |
| PAM Mineral Tbk PT (NICL) | $-62.80 Billion | 0.00% | 0.00x | $545.25 Million |
| Petrosea Tbk (PTRO) | $74.87 Million | 8.60% | 0.60x | $2.98 Billion |
About Vale Indonesia Tbk
PT Vale Indonesia Tbk, together with its subsidiaries, engages in the mining and processing of nickel in Indonesia. The company was formerly known as PT International Nickel Indonesia Tbk and changed its name to PT Vale Indonesia Tbk in September 2011. PT Vale Indonesia Tbk was incorporated in 1968 and is headquartered in Jakarta, Indonesia.