PT Indofood Sukses Makmur Tbk (INDF) - Net Assets

Latest as of December 2025: Rp120.24 Trillion IDR ≈ $7.05 Billion USD

Based on the latest financial reports, PT Indofood Sukses Makmur Tbk (INDF) has net assets worth Rp120.24 Trillion IDR (≈ $7.05 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp217.98 Trillion ≈ $12.77 Billion USD) and total liabilities (Rp97.75 Trillion ≈ $5.73 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.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp120.24 Trillion
% of Total Assets	55.16%
Annual Growth Rate	15.35%
5-Year Change	38.79%
10-Year Change	173.63%
Growth Volatility	20.52

PT Indofood Sukses Makmur Tbk - Net Assets Trend (1999–2025)

This chart illustrates how PT Indofood Sukses Makmur 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 PT Indofood Sukses Makmur Tbk (1999–2025)

The table below shows the annual net assets of PT Indofood Sukses Makmur Tbk from 1999 to 2025.

Year	Net Assets	Change
2025-12-31	Rp120.24 Trillion ≈ $7.05 Billion	+10.32%
2024-12-31	Rp108.99 Trillion ≈ $6.39 Billion	+8.49%
2023-12-31	Rp100.46 Trillion ≈ $5.89 Billion	+7.31%
2022-12-31	Rp93.62 Trillion ≈ $5.49 Billion	+8.07%
2021-12-31	Rp86.63 Trillion ≈ $5.08 Billion	+9.47%
2020-12-31	Rp79.14 Trillion ≈ $4.64 Billion	+46.00%
2019-12-31	Rp54.20 Trillion ≈ $3.18 Billion	+8.59%
2018-12-31	Rp49.92 Trillion ≈ $2.92 Billion	+6.76%
2017-12-31	Rp46.76 Trillion ≈ $2.74 Billion	+6.41%
2016-12-31	Rp43.94 Trillion ≈ $2.57 Billion	+1.90%
2015-12-31	Rp43.12 Trillion ≈ $2.53 Billion	+4.59%
2014-12-31	Rp41.23 Trillion ≈ $2.42 Billion	+7.44%
2013-12-31	Rp38.37 Trillion ≈ $2.25 Billion	+12.39%
2012-12-31	Rp34.14 Trillion ≈ $2.00 Billion	+8.01%
2011-12-31	Rp31.61 Trillion ≈ $1.85 Billion	+27.19%
2010-12-31	Rp24.85 Trillion ≈ $1.46 Billion	+60.38%
2009-12-31	Rp15.50 Trillion ≈ $908.01 Million	+17.74%
2008-12-31	Rp13.16 Trillion ≈ $771.23 Million	+21.29%
2007-12-31	Rp10.85 Trillion ≈ $635.86 Million	+94.05%
2006-12-31	Rp5.59 Trillion ≈ $327.68 Million	+16.51%
2005-12-31	Rp4.80 Trillion ≈ $281.25 Million	-4.30%
2004-12-31	Rp5.02 Trillion ≈ $293.87 Million	+5.44%
2003-12-31	Rp4.76 Trillion ≈ $278.71 Million	+4.81%
2002-12-31	Rp4.54 Trillion ≈ $265.93 Million	+5.05%
2001-12-31	Rp4.32 Trillion ≈ $253.16 Million	+17.01%
2000-12-31	Rp3.69 Trillion ≈ $216.36 Million	+25.92%
1999-12-31	Rp2.93 Trillion ≈ $171.83 Million	--

Equity Component Analysis

This analysis shows how different components contribute to PT Indofood Sukses Makmur 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 4198.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Rp61.46 Trillion	84.02%
Common Stock	Rp878.04 Billion	1.20%
Other Components	Rp10.81 Trillion	14.78%
Total Equity	Rp73.15 Trillion	100.00%

PT Indofood Sukses Makmur Tbk Competitors by Market Cap

The table below lists competitors of PT Indofood Sukses Makmur Tbk ranked by their market capitalization.

Company	Market Cap
Peyto Exploration&Development Corp TO:PEY	$3.55 Billion
All Ring Tech Co Ltd TWO:6187	$3.55 Billion
Jiangsu Phoenix Publishing & Media Corp Ltd SHG:601928	$3.55 Billion
iRay Technology Co Ltd SHG:688301	$3.55 Billion
Zhejiang Yongtai Technology Co Ltd SHE:002326	$3.55 Billion
Poco Holding Co Ltd SHE:300811	$3.55 Billion
LIFE360 Inc AU:360	$3.55 Billion
Copa Holdings S.A F:C2H	$3.55 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in PT Indofood Sukses Makmur Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 65,113,504,000,000 to 73,147,337,000,000, a change of 8,033,833,000,000 (12.3%).
Net income of 10,684,653,000,000 contributed positively to equity growth.
Dividend payments of 2,458,520,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 10,415,274,000,000.
Other factors increased equity by 10,222,974,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rp10.68 Trillion	+14.61%
Dividends Paid	Rp2.46 Trillion	-3.36%
Other Comprehensive Income	Rp-10.42 Trillion	-14.24%
Other Changes	Rp10.22 Trillion	+13.98%
Total Change	Rp-	12.34%

Book Value vs Market Value Analysis

This analysis compares PT Indofood Sukses Makmur 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: 0.83x
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 26.25x to 0.83x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-12-31	Rp262.86	Rp6900.00	x
2000-12-31	Rp334.64	Rp6900.00	x
2001-12-31	Rp389.66	Rp6900.00	x
2002-12-31	Rp412.69	Rp6900.00	x
2003-12-31	Rp481.44	Rp6900.00	x
2004-12-31	Rp499.06	Rp6900.00	x
2005-12-31	Rp511.78	Rp6900.00	x
2006-12-31	Rp571.54	Rp6900.00	x
2007-12-31	Rp825.82	Rp6900.00	x
2008-12-31	Rp984.73	Rp6900.00	x
2009-12-31	Rp1156.61	Rp6900.00	x
2010-12-31	Rp1911.60	Rp6900.00	x
2011-12-31	Rp2209.10	Rp6900.00	x
2012-12-31	Rp2415.45	Rp6900.00	x
2013-12-31	Rp2693.33	Rp6900.00	x
2014-12-31	Rp2927.00	Rp6900.00	x
2015-12-31	Rp3105.70	Rp6900.00	x
2016-12-31	Rp3299.87	Rp6900.00	x
2017-12-31	Rp3550.95	Rp6900.00	x
2018-12-31	Rp3828.32	Rp6900.00	x
2019-12-31	Rp4302.52	Rp6900.00	x
2020-12-31	Rp4826.00	Rp6900.00	x
2021-12-31	Rp5496.85	Rp6900.00	x
2022-12-31	Rp6132.26	Rp6900.00	x
2023-12-31	Rp6741.47	Rp6900.00	x
2024-12-31	Rp7415.76	Rp6900.00	x
2025-12-31	Rp8330.73	Rp6900.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently PT Indofood Sukses Makmur 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): 14.61%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.65%
• Asset Turnover: 0.57x
• Equity Multiplier: 2.98x
Recent ROE (14.61%) is below the historical average (16.68%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	57.98%	12.08%	1.09x	4.42x	Rp1.15 Trillion
2000	21.13%	5.09%	1.01x	4.10x	Rp340.30 Billion
2001	22.15%	5.39%	1.13x	3.64x	Rp432.87 Billion
2002	21.91%	4.87%	1.08x	4.16x	Rp436.36 Billion
2003	14.74%	3.38%	1.17x	3.74x	Rp194.09 Billion
2004	8.88%	2.11%	1.14x	3.68x	Rp-47.55 Billion
2005	2.84%	0.66%	1.26x	3.40x	Rp-312.46 Billion
2006	13.40%	3.01%	1.36x	3.27x	Rp167.77 Billion
2007	13.76%	3.52%	0.94x	4.14x	Rp268.14 Billion
2008	11.95%	2.62%	0.98x	4.66x	Rp165.50 Billion
2009	20.44%	5.55%	0.93x	3.98x	Rp1.06 Trillion
2010	17.59%	7.69%	0.81x	2.82x	Rp1.27 Trillion
2011	15.86%	6.79%	0.85x	2.76x	Rp1.14 Trillion
2012	15.38%	6.51%	0.84x	2.80x	Rp1.14 Trillion
2013	10.59%	4.34%	0.74x	3.30x	Rp138.98 Billion
2014	15.12%	6.11%	0.74x	3.34x	Rp1.32 Trillion
2015	10.88%	4.63%	0.70x	3.37x	Rp241.02 Billion
2016	14.30%	6.21%	0.81x	2.84x	Rp1.25 Trillion
2017	13.37%	5.94%	0.80x	2.82x	Rp1.05 Trillion
2018	12.39%	5.68%	0.76x	2.87x	Rp804.67 Billion
2019	12.99%	6.41%	0.80x	2.55x	Rp1.13 Trillion
2020	20.65%	10.71%	0.50x	3.85x	Rp4.51 Trillion
2021	23.21%	11.28%	0.55x	3.72x	Rp6.38 Trillion
2022	17.07%	8.29%	0.61x	3.35x	Rp3.81 Trillion
2023	13.76%	7.29%	0.60x	3.15x	Rp2.23 Trillion
2024	13.27%	7.46%	0.57x	3.10x	Rp2.13 Trillion
2025	14.61%	8.65%	0.57x	2.98x	Rp3.37 Trillion

Industry Comparison

This section compares PT Indofood Sukses Makmur Tbk's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $958,377,709,906
Average return on equity (ROE) among peers: -103.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PT Indofood Sukses Makmur Tbk (INDF)	Rp120.24 Trillion	57.98%	0.81x	$3.55 Billion
FKS Food Sejahtera Tbk PT (AISA)	$95.16 Billion	0.04%	2.76x	$1.00 Million
Estika Tata Tiara Tbk PT (BEEF)	$140.54 Billion	40.61%	3.91x	$111.34 Million
Formosa Ingredient Factory PT Tbk (BOBA)	$130.90 Million	-1155.37%	27.56x	$14.22 Million
Budi Starch & Sweetener Tbk (BUDI)	$1.16 Trillion	2.89%	1.52x	$55.79 Million
Eagle High Plantations Tbk (BWPT)	$905.46 Billion	18.50%	0.79x	$231.60 Million
Campina Ice Cream Industry Tbk PT (CAMP)	$503.03 Billion	14.68%	0.99x	$71.73 Million
Wilmar Cahaya Indonesia Tbk (CEKA)	$194.36 Billion	7.87%	0.43x	$80.19 Million
Cisarua Mountain Dairy Tbk PT (CMRY)	$4.70 Trillion	16.82%	0.19x	$2.09 Billion
Diamond Food Indonesia PT (DMND)	$1.86 Trillion	15.37%	0.42x	$352.30 Million
Morenzo Abadi Perkasa Tbk Pt (ENZO)	$27.66 Billion	0.78%	2.64x	$9.00 Million

About PT Indofood Sukses Makmur Tbk

JK:INDF Indonesia Packaged Foods

Market Cap

$3.55 Billion

Rp60.58 Trillion IDR

Market Cap Rank

#4454 Global

#30 in Indonesia

Share Price

Rp6900.00

Change (1 day)

-1.08%

52-Week Range

Rp5950.00 - Rp8525.00

All Time High

Rp8525.00