Indorama Synthetics Tbk (INDR) - Net Assets
Based on the latest financial reports, Indorama Synthetics Tbk (INDR) has net assets worth Rp383.51 Million IDR (≈ $22.47K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp778.50 Million ≈ $45.62K USD) and total liabilities (Rp395.00 Million ≈ $23.15K 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 how resilient are Indorama Synthetics Tbk's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp383.51 Million |
| % of Total Assets | 49.26% |
| Annual Growth Rate | 1.6% |
| 5-Year Change | -17.32% |
| 10-Year Change | 32.23% |
| Growth Volatility | 8.03 |
Indorama Synthetics Tbk - Net Assets Trend (2000–2025)
This chart illustrates how Indorama Synthetics Tbk's net assets have evolved over time, based on quarterly financial data. Also explore Indorama Synthetics Tbk assets under control for the complete picture of this company's asset base.
Annual Net Assets for Indorama Synthetics Tbk (2000–2025)
The table below shows the annual net assets of Indorama Synthetics Tbk from 2000 to 2025. For live valuation and market cap data, see market value of Indorama Synthetics Tbk.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp383.51 Million ≈ $22.47K |
-3.43% |
| 2024-12-31 | Rp397.15 Million ≈ $23.27K |
-4.34% |
| 2023-12-31 | Rp415.16 Million ≈ $24.33K |
-10.75% |
| 2022-12-31 | Rp465.16 Million ≈ $27.26K |
+0.28% |
| 2021-12-31 | Rp463.85 Million ≈ $27.18K |
+23.21% |
| 2020-12-31 | Rp376.48 Million ≈ $22.06K |
+2.33% |
| 2019-12-31 | Rp367.91 Million ≈ $21.56K |
+5.28% |
| 2018-12-31 | Rp349.45 Million ≈ $20.48K |
+22.91% |
| 2017-12-31 | Rp284.31 Million ≈ $16.66K |
-1.97% |
| 2016-12-31 | Rp290.03 Million ≈ $16.99K |
-2.29% |
| 2015-12-31 | Rp296.84 Million ≈ $17.39K |
-4.79% |
| 2014-12-31 | Rp311.77 Million ≈ $18.27K |
+4.69% |
| 2013-12-31 | Rp297.79 Million ≈ $17.45K |
+1.39% |
| 2012-12-31 | Rp293.70 Million ≈ $17.21K |
-0.67% |
| 2011-12-31 | Rp295.68 Million ≈ $17.33K |
+2.46% |
| 2010-12-31 | Rp288.57 Million ≈ $16.91K |
+13.06% |
| 2009-12-31 | Rp255.25 Million ≈ $14.96K |
+4.66% |
| 2008-12-31 | Rp243.88 Million ≈ $14.29K |
+2.61% |
| 2007-12-31 | Rp237.68 Million ≈ $13.93K |
+0.55% |
| 2006-12-31 | Rp236.38 Million ≈ $13.85K |
+0.41% |
| 2005-12-31 | Rp235.42 Million ≈ $13.79K |
+0.37% |
| 2004-12-31 | Rp234.56 Million ≈ $13.74K |
+1.69% |
| 2003-12-31 | Rp230.67 Million ≈ $13.52K |
+1.81% |
| 2002-12-31 | Rp226.58 Million ≈ $13.28K |
+1.71% |
| 2001-12-31 | Rp222.76 Million ≈ $13.05K |
-13.68% |
| 2000-12-31 | Rp258.05 Million ≈ $15.12K |
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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 125.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp218.51 Million | 58.26% |
| Common Stock | Rp160.22 Million | 42.72% |
| Total Equity | Rp375.05 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 |
|---|---|
|
Garuda Indonesia Persero Tbk
JK:GIAA
|
$103.15 Million |
|
Afyren SAS
PA:ALAFY
|
$103.15 Million |
|
Putra Mandiri Jembar Tbk PT
JK:PMJS
|
$103.17 Million |
|
Shin Foong Specialty and Applied Materials Co
TW:6582
|
$103.20 Million |
|
D&C Media Co.Ltd
KQ:263720
|
$103.13 Million |
|
KCC Engineering & Construction Co. Ltd
KQ:021320
|
$103.11 Million |
|
SUN KWANG CO.Ltd
KQ:003100
|
$103.10 Million |
|
G8 Education Ltd
AU:GEM
|
$103.10 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 2024 to 2025, total equity changed from 393,007,457 to 375,053,593, a change of -17,953,864 (-4.6%).
- Net loss of 16,164,165 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-16.16 Million | -4.31% |
| Other Changes | Rp-1.79 Million | -0.48% |
| Total Change | Rp- | -4.57% |
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: 4693.21x
- 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 6168.72x to 4693.21x 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 | Rp2690.00 | x |
| 2011-12-31 | Rp0.45 | Rp2690.00 | x |
| 2012-12-31 | Rp0.44 | Rp2690.00 | x |
| 2013-12-31 | Rp0.47 | Rp2690.00 | x |
| 2014-12-31 | Rp0.47 | Rp2690.00 | x |
| 2015-12-31 | Rp0.45 | Rp2690.00 | x |
| 2016-12-31 | Rp0.45 | Rp2690.00 | x |
| 2017-12-31 | Rp0.43 | Rp2690.00 | x |
| 2018-12-31 | Rp0.53 | Rp2690.00 | x |
| 2019-12-31 | Rp0.57 | Rp2690.00 | x |
| 2020-12-31 | Rp0.58 | Rp2690.00 | x |
| 2021-12-31 | Rp0.70 | Rp2690.00 | x |
| 2022-12-31 | Rp0.70 | Rp2690.00 | x |
| 2023-12-31 | Rp0.63 | Rp2690.00 | x |
| 2024-12-31 | Rp0.60 | Rp2690.00 | x |
| 2025-12-31 | Rp0.57 | Rp2690.00 | 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): -4.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.08%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.08x
- Recent ROE (-4.31%) is below the historical average (3.15%), 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 |
| 2025 | -4.31% | -2.08% | 1.00x | 2.08x | Rp-53.67 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: $-22,571,527,891
- Average return on equity (ROE) among peers: -2.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indorama Synthetics Tbk (INDR) | Rp383.51 Million | 7.79% | 1.03x | $103.14 Million |
| Argo Pantes Tbk (ARGO) | $-1.21 Trillion | 0.00% | 0.00x | $205.53 Million |
| Trisula Textile Industries Tbk PT (BELL) | $256.53 Billion | -6.25% | 1.16x | $62.13 Million |
| Indo Kordsa Tbk (BRAM) | $132.61 Million | 11.10% | 0.23x | $120.52 Million |
| PT Century Textile Industry Tbk (CNTX) | $-182.32 Billion | 0.00% | 0.00x | $582.44K |
| Ever Shine Textile Industry (ESTI) | $257.44 Billion | 1.72% | 1.47x | $19.84 Million |
| Cottonindo Ariesta Tbk PT (KPAS) | $146.08 Billion | 0.39% | 0.75x | $2.79 Million |
| Multi Spunindo Jaya Tbk. (MSJA) | $69.60 Million | 13.18% | 0.60x | $175.79 Million |
| Asia Pacific Investama Tbk PT (MYTX) | $349.08 Billion | -38.60% | 8.91x | $2.01 Million |
| Sejahtera Bintang Abadi Textile Tbk (SBAT) | $176.73 Billion | 0.06% | 1.60x | $278.51K |
About 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