Steel Pipe Industry Of Indonesia (ISSP) - Net Assets
Based on the latest financial reports, Steel Pipe Industry Of Indonesia (ISSP) has net assets worth Rp5.14 Trillion IDR (≈ $301.19 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp8.39 Trillion ≈ $491.72 Million USD) and total liabilities (Rp3.25 Trillion ≈ $190.54 Million 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 asset resilience ratio of Steel Pipe Industry Of Indonesia to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp5.14 Trillion |
| % of Total Assets | 61.25% |
| Annual Growth Rate | 21.0% |
| 5-Year Change | 51.22% |
| 10-Year Change | 97.52% |
| Growth Volatility | 38.01 |
Steel Pipe Industry Of Indonesia - Net Assets Trend (2010–2024)
This chart illustrates how Steel Pipe Industry Of Indonesia's net assets have evolved over time, based on quarterly financial data. Also explore Steel Pipe Industry Of Indonesia total assets for the complete picture of this company's asset base.
Annual Net Assets for Steel Pipe Industry Of Indonesia (2010–2024)
The table below shows the annual net assets of Steel Pipe Industry Of Indonesia from 2010 to 2024. For live valuation and market cap data, see market cap of Steel Pipe Industry Of Indonesia.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp5.04 Trillion ≈ $295.54 Million |
+9.21% |
| 2023-12-31 | Rp4.62 Trillion ≈ $270.62 Million |
+11.43% |
| 2022-12-31 | Rp4.14 Trillion ≈ $242.85 Million |
+9.44% |
| 2021-12-31 | Rp3.79 Trillion ≈ $221.91 Million |
+13.55% |
| 2020-12-31 | Rp3.34 Trillion ≈ $195.44 Million |
+7.64% |
| 2019-12-31 | Rp3.10 Trillion ≈ $181.57 Million |
+6.29% |
| 2018-12-31 | Rp2.92 Trillion ≈ $170.83 Million |
+2.62% |
| 2017-12-31 | Rp2.84 Trillion ≈ $166.47 Million |
+7.41% |
| 2016-12-31 | Rp2.65 Trillion ≈ $154.99 Million |
+3.59% |
| 2015-12-31 | Rp2.55 Trillion ≈ $149.62 Million |
+9.78% |
| 2014-12-31 | Rp2.33 Trillion ≈ $136.29 Million |
+20.24% |
| 2013-12-31 | Rp1.93 Trillion ≈ $113.35 Million |
+151.65% |
| 2012-12-31 | Rp768.71 Billion ≈ $45.04 Million |
+41.31% |
| 2011-12-31 | Rp543.98 Billion ≈ $31.88 Million |
+55.58% |
| 2010-12-31 | Rp349.66 Billion ≈ $20.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Steel Pipe Industry Of Indonesia'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 257574500000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp2.58 Trillion | 51.07% |
| Common Stock | Rp718.60 Billion | 14.25% |
| Other Comprehensive Income | Rp1.26 Trillion | 24.99% |
| Other Components | Rp488.81 Billion | 9.69% |
| Total Equity | Rp5.04 Trillion | 100.00% |
Steel Pipe Industry Of Indonesia Competitors by Market Cap
The table below lists competitors of Steel Pipe Industry Of Indonesia ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NP3 Fastigheter AB (publ)
ST:NP3-PREF
|
$180.99 Million |
|
Asian Sea Corporation Public Company Limited
BK:ASIAN
|
$180.99 Million |
|
Gofore Oyj
HE:GOFORE
|
$181.01 Million |
|
Uniplus Electronics Co Ltd
TWO:5381
|
$181.04 Million |
|
Centratama Telekomunikasi Ind
JK:CENT
|
$180.90 Million |
|
Cerrado Gold Corp
V:CERT
|
$180.88 Million |
|
Richardson Electronics Ltd
NASDAQ:RELL
|
$180.73 Million |
|
Curiositystream Inc.
NASDAQ:CURI
|
$180.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steel Pipe Industry Of Indonesia's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,618,313,000,000 to 5,043,737,000,000, a change of 425,424,000,000 (9.2%).
- Net income of 530,082,000,000 contributed positively to equity growth.
- Dividend payments of 105,980,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 11,322,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp530.08 Billion | +10.51% |
| Dividends Paid | Rp105.98 Billion | -2.1% |
| Other Comprehensive Income | Rp11.32 Billion | +0.22% |
| Other Changes | Rp-10.00 Billion | -0.2% |
| Total Change | Rp- | 9.21% |
Book Value vs Market Value Analysis
This analysis compares Steel Pipe Industry Of Indonesia'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: 0.61x
- 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 4.09x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Rp106.96 | Rp438.00 | x |
| 2013-12-31 | Rp296.62 | Rp438.00 | x |
| 2014-12-31 | Rp324.64 | Rp438.00 | x |
| 2015-12-31 | Rp356.40 | Rp438.00 | x |
| 2016-12-31 | Rp374.02 | Rp438.00 | x |
| 2017-12-31 | Rp401.71 | Rp438.00 | x |
| 2018-12-31 | Rp412.24 | Rp438.00 | x |
| 2019-12-31 | Rp438.16 | Rp438.00 | x |
| 2020-12-31 | Rp472.06 | Rp438.00 | x |
| 2021-12-31 | Rp536.00 | Rp438.00 | x |
| 2022-12-31 | Rp586.59 | Rp438.00 | x |
| 2023-12-31 | Rp653.66 | Rp438.00 | x |
| 2024-12-31 | Rp713.87 | Rp438.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steel Pipe Industry Of Indonesia 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): 10.51%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.66%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.64x
- Recent ROE (10.51%) is above the historical average (7.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 14.47% | 3.60% | 0.94x | 4.27x | Rp34.33 Billion |
| 2013 | 10.52% | 5.76% | 0.80x | 2.27x | Rp10.13 Billion |
| 2014 | 9.24% | 6.38% | 0.62x | 2.34x | Rp-17.69 Billion |
| 2015 | 6.23% | 4.44% | 0.66x | 2.13x | Rp-96.33 Billion |
| 2016 | 3.89% | 3.16% | 0.54x | 2.28x | Rp-161.58 Billion |
| 2017 | 0.30% | 0.24% | 0.58x | 2.21x | Rp-275.45 Billion |
| 2018 | 1.67% | 1.09% | 0.69x | 2.23x | Rp-242.81 Billion |
| 2019 | 5.99% | 3.80% | 0.76x | 2.07x | Rp-124.17 Billion |
| 2020 | 5.27% | 4.66% | 0.62x | 1.82x | Rp-157.70 Billion |
| 2021 | 12.83% | 9.04% | 0.76x | 1.87x | Rp107.36 Billion |
| 2022 | 7.38% | 4.89% | 0.84x | 1.79x | Rp-108.59 Billion |
| 2023 | 10.79% | 7.72% | 0.81x | 1.73x | Rp36.26 Billion |
| 2024 | 10.51% | 8.66% | 0.74x | 1.64x | Rp25.71 Billion |
Industry Comparison
This section compares Steel Pipe Industry Of Indonesia's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $202,036,031,886
- Average return on equity (ROE) among peers: 3.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steel Pipe Industry Of Indonesia (ISSP) | Rp5.14 Trillion | 14.47% | 0.63x | $180.98 Million |
| Saranacentral Bajatama Tbk (BAJA) | $74.19 Billion | 1.50% | 10.28x | $16.77 Million |
| Betonjaya Manunggal Tbk (BTON) | $279.66 Billion | 10.59% | 0.42x | $15.53 Million |
| Gunawan Dianjaya Steel Tbk (GDST) | $832.12 Billion | 3.81% | 0.51x | $57.95 Million |
| Gunung Raja Paksi (GGRP) | $691.74 Million | -3.00% | 0.55x | $204.39 Million |
| Krakatau Steel Persero Tbk (KRAS) | $1.12 Billion | -1.83% | 1.30x | $328.75 Million |
| Ladangbaja Murni PT Tbk (LABA) | $24.44 Billion | 10.32% | 0.87x | $8.15 Million |
About Steel Pipe Industry Of Indonesia
PT Steel Pipe Industry of Indonesia Tbk, together with its subsidiary, PT Spindo Engineering Industry, manufactures and sells steel pipes/tubes and other related products in Indonesia and internationally. It operates through Steel Pipe Mill; Spiral Steel Pipe Mill; Strips and Plate; and Services and Others segments. The company offers ERW and SSAW pipes, such as structural pipes for use in founda… Read more