Indorama Synthetics Tbk
PT. Indo-Rama Synthetics Tbk, together with its subsidiaries, engages in the production and sale of fertilizers, polymers, fibers, yarns, and medical gloves. It operates through Spun Yarns, Polyester, and Others segments. The company offers polyester, such as partially oriented yarns, draw textured yarns, fully drawn yarns, polyester staple fibre, PET resin and textile grade chips, and polyester … Read more
Indorama Synthetics Tbk (INDR) - Net Assets
Latest net assets as of September 2025: Rp393.11 Million IDR
Based on the latest financial reports, Indorama Synthetics Tbk (INDR) has net assets worth Rp393.11 Million IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp756.13 Million) and total liabilities (Rp363.02 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 | Rp393.11 Million |
| % of Total Assets | 51.99% |
| Annual Growth Rate | 1.81% |
| 5-Year Change | 5.49% |
| 10-Year Change | 33.79% |
| Growth Volatility | 8.12 |
Indorama Synthetics Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Indorama Synthetics 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 Indorama Synthetics Tbk (2000–2024)
The table below shows the annual net assets of Indorama Synthetics Tbk from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp397.15 Million | -4.34% |
| 2023-12-31 | Rp415.16 Million | -10.75% |
| 2022-12-31 | Rp465.16 Million | +0.28% |
| 2021-12-31 | Rp463.85 Million | +23.21% |
| 2020-12-31 | Rp376.48 Million | +2.33% |
| 2019-12-31 | Rp367.91 Million | +5.28% |
| 2018-12-31 | Rp349.45 Million | +22.91% |
| 2017-12-31 | Rp284.31 Million | -1.97% |
| 2016-12-31 | Rp290.03 Million | -2.29% |
| 2015-12-31 | Rp296.84 Million | -4.79% |
| 2014-12-31 | Rp311.77 Million | +4.69% |
| 2013-12-31 | Rp297.79 Million | +1.39% |
| 2012-12-31 | Rp293.70 Million | -0.67% |
| 2011-12-31 | Rp295.68 Million | +2.46% |
| 2010-12-31 | Rp288.57 Million | +13.06% |
| 2009-12-31 | Rp255.25 Million | +4.66% |
| 2008-12-31 | Rp243.88 Million | +2.61% |
| 2007-12-31 | Rp237.68 Million | +0.55% |
| 2006-12-31 | Rp236.38 Million | +0.41% |
| 2005-12-31 | Rp235.42 Million | +0.37% |
| 2004-12-31 | Rp234.56 Million | +1.69% |
| 2003-12-31 | Rp230.67 Million | +1.81% |
| 2002-12-31 | Rp226.58 Million | +1.71% |
| 2001-12-31 | Rp222.76 Million | -13.68% |
| 2000-12-31 | Rp258.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indorama Synthetics 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 143.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp236.40 Million | 60.15% |
| Common Stock | Rp160.22 Million | 40.77% |
| Total Equity | Rp393.01 Million | 100.00% |
Indorama Synthetics Tbk Competitors by Market Cap
The table below lists competitors of Indorama Synthetics Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kavveri Telecom Products Limited
NSE:KAVVERITEL
|
$9.13 Million |
|
Maoye International Holdings Limited
F:5MIA
|
$9.13 Million |
|
Maritime Resources Corp
PINK:MRTMF
|
$9.14 Million |
|
Dycasa SA
BA:DYCA
|
$9.14 Million |
|
Advani Hotels & Resorts (India) Limited
NSE:ADVANIHOTR
|
$9.12 Million |
|
TryHard Holdings Limited Ordinary Shares
NASDAQ:THH
|
$9.12 Million |
|
PJP Makrum S.A.
WAR:PJP
|
$9.12 Million |
|
JCK International Public Company Limited
BK:JCK
|
$9.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indorama Synthetics Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 411,021,194 to 393,007,457, a change of -18,013,737 (-4.4%).
- Net loss of 18,799,824 reduced equity.
- Other comprehensive income increased equity by 4,417,481.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-18.80 Million | -4.78% |
| Other Comprehensive Income | Rp4.42 Million | +1.12% |
| Other Changes | Rp-3.63 Million | -0.92% |
| Total Change | Rp- | -4.38% |
Book Value vs Market Value Analysis
This analysis compares Indorama Synthetics 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: 4895.06x
- 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 6742.02x to 4895.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | Rp0.44 | Rp2940.00 | x |
| 2011-12-31 | Rp0.45 | Rp2940.00 | x |
| 2012-12-31 | Rp0.44 | Rp2940.00 | x |
| 2013-12-31 | Rp0.47 | Rp2940.00 | x |
| 2014-12-31 | Rp0.47 | Rp2940.00 | x |
| 2015-12-31 | Rp0.45 | Rp2940.00 | x |
| 2016-12-31 | Rp0.45 | Rp2940.00 | x |
| 2017-12-31 | Rp0.43 | Rp2940.00 | x |
| 2018-12-31 | Rp0.53 | Rp2940.00 | x |
| 2019-12-31 | Rp0.57 | Rp2940.00 | x |
| 2020-12-31 | Rp0.58 | Rp2940.00 | x |
| 2021-12-31 | Rp0.70 | Rp2940.00 | x |
| 2022-12-31 | Rp0.70 | Rp2940.00 | x |
| 2023-12-31 | Rp0.63 | Rp2940.00 | x |
| 2024-12-31 | Rp0.60 | Rp2940.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indorama Synthetics 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): -4.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.20%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.98x
- Recent ROE (-4.78%) is below the historical average (3.46%), 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 | 7.79% | 5.94% | 0.59x | 2.24x | Rp-5.69 Million |
| 2002 | 1.65% | 1.18% | 0.59x | 2.40x | Rp-18.91 Million |
| 2003 | 2.10% | 1.36% | 0.66x | 2.33x | Rp-18.23 Million |
| 2004 | 2.10% | 1.17% | 0.80x | 2.25x | Rp-18.54 Million |
| 2005 | 0.88% | 0.44% | 0.84x | 2.38x | Rp-21.47 Million |
| 2006 | 0.85% | 0.42% | 0.79x | 2.51x | Rp-21.63 Million |
| 2007 | 0.97% | 0.46% | 0.81x | 2.62x | Rp-21.46 Million |
| 2008 | 3.04% | 1.34% | 0.91x | 2.50x | Rp-16.98 Million |
| 2009 | 4.45% | 2.32% | 0.90x | 2.14x | Rp-14.16 Million |
| 2010 | 9.09% | 4.20% | 1.09x | 1.98x | Rp-2.61 Million |
| 2011 | 2.98% | 1.11% | 1.16x | 2.31x | Rp-20.47 Million |
| 2012 | 0.34% | 0.13% | 1.08x | 2.36x | Rp-28.11 Million |
| 2013 | 0.15% | 0.06% | 1.03x | 2.38x | Rp-30.35 Million |
| 2014 | -0.30% | -0.12% | 0.99x | 2.54x | Rp-31.69 Million |
| 2015 | 3.37% | 1.44% | 0.85x | 2.75x | Rp-19.39 Million |
| 2016 | 0.45% | 0.19% | 0.81x | 2.88x | Rp-28.21 Million |
| 2017 | 0.57% | 0.20% | 0.97x | 2.85x | Rp-26.46 Million |
| 2018 | 17.68% | 7.36% | 1.04x | 2.31x | Rp26.84 Million |
| 2019 | 10.26% | 4.96% | 1.02x | 2.03x | Rp968.47K |
| 2020 | 1.66% | 1.06% | 0.77x | 2.03x | Rp-31.42 Million |
| 2021 | 18.40% | 9.57% | 0.98x | 1.97x | Rp38.61 Million |
| 2022 | 9.23% | 4.54% | 1.08x | 1.89x | Rp-3.56 Million |
| 2023 | -9.93% | -5.19% | 0.96x | 2.00x | Rp-81.91 Million |
| 2024 | -4.78% | -2.20% | 1.10x | 1.98x | Rp-58.10 Million |
Industry Comparison
This section compares Indorama Synthetics Tbk's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $62,896,701,295
- Average return on equity (ROE) among peers: -40.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indorama Synthetics Tbk (INDR) | Rp393.11 Million | 7.79% | 0.92x | $9.13 Million |
| Argo Pantes Tbk (ARGO) | $-31.65 Million | 0.00% | 0.00x | $20.74 Million |
| Trisula Textile Industries Tbk PT (BELL) | $261.43 Billion | 1.02% | 1.01x | $1.60 Million |
| PT Century Textile Industry Tbk (CNTX) | $-221.67 Billion | 0.00% | 0.00x | $81.54 |
| Ever Shine Textile Industry (ESTI) | $352.42 Billion | -10.07% | 1.20x | $1.60 Million |
| Cottonindo Ariesta Tbk PT (KPAS) | $136.32 Million | 0.59% | 0.69x | $1.02 Million |
| Multi Spunindo Jaya Tbk. (MSJA) | $87.55 Million | 6.29% | 0.28x | $15.36 Million |
| Asia Pacific Investama Tbk PT (MYTX) | $33.69 Billion | -340.79% | 114.29x | $343.52K |
| Sejahtera Bintang Abadi Textile Tbk (SBAT) | $139.81 Billion | -31.61% | 2.73x | $150.52K |
| Sri Rejeki Isman(Sritex)PT (SRIL) | $189.98 Million | 13.35% | 1.41x | $73.16 Million |