Ladangbaja Murni PT Tbk (LABA) - Net Assets
Based on the latest financial reports, Ladangbaja Murni PT Tbk (LABA) has net assets worth Rp60.97 Billion IDR (≈ $3.57 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 (Rp92.49 Billion ≈ $5.42 Million USD) and total liabilities (Rp31.52 Billion ≈ $1.85 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 LABA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp60.97 Billion |
| % of Total Assets | 65.92% |
| Annual Growth Rate | 17.12% |
| 5-Year Change | 204.16% |
| 10-Year Change | N/A |
| Growth Volatility | 75.02 |
Ladangbaja Murni PT Tbk - Net Assets Trend (2017–2024)
This chart illustrates how Ladangbaja Murni PT Tbk's net assets have evolved over time, based on quarterly financial data. Also explore LABA current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ladangbaja Murni PT Tbk (2017–2024)
The table below shows the annual net assets of Ladangbaja Murni PT Tbk from 2017 to 2024. For live valuation and market cap data, see LABA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp59.78 Billion ≈ $3.50 Million |
+9.27% |
| 2023-12-31 | Rp54.71 Billion ≈ $3.21 Million |
-6.72% |
| 2022-12-31 | Rp58.65 Billion ≈ $3.44 Million |
-4.48% |
| 2021-12-31 | Rp61.40 Billion ≈ $3.60 Million |
+212.39% |
| 2020-12-31 | Rp19.65 Billion ≈ $1.15 Million |
-19.59% |
| 2019-12-31 | Rp24.44 Billion ≈ $1.43 Million |
+11.34% |
| 2018-12-31 | Rp21.95 Billion ≈ $1.29 Million |
+11.02% |
| 2017-12-31 | Rp19.77 Billion ≈ $1.16 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ladangbaja Murni PT 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 decreased by 93.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp1.25 Billion | 2.11% |
| Common Stock | Rp27.59 Billion | 46.50% |
| Other Comprehensive Income | Rp404.81 Million | 0.68% |
| Other Components | Rp30.08 Billion | 50.71% |
| Total Equity | Rp59.32 Billion | 100.00% |
Ladangbaja Murni PT Tbk Competitors by Market Cap
The table below lists competitors of Ladangbaja Murni PT Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ajooni Biotech Limited
NSE:AJOONI
|
$7.95 Million |
|
Martina Berto Tbk
JK:MBTO
|
$7.96 Million |
|
Sharc International Systems
F:IWIA
|
$7.96 Million |
|
Golden Arrow Resources Corp
V:GRG
|
$7.97 Million |
|
Paras Petrofils Limited
NSE:PARASPETRO
|
$7.95 Million |
|
Polar Capital Holdings plc
LSE:POLR
|
$7.95 Million |
|
Techgen Metals Ltd
AU:TG1
|
$7.94 Million |
|
Workspace Group PLC
LSE:WKP
|
$7.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ladangbaja Murni PT Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,709,757,491 to 59,317,779,354, a change of 4,608,021,863 (8.4%).
- Net loss of 8,719,454,737 reduced equity.
- Share repurchases of 13,812,302,700 reduced equity.
- Other comprehensive income decreased equity by 22,771,503.
- Other factors increased equity by 27,162,550,803.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-8.72 Billion | -14.7% |
| Share Repurchases | Rp13.81 Billion | -23.29% |
| Other Comprehensive Income | Rp-22.77 Million | -0.04% |
| Other Changes | Rp27.16 Billion | +45.79% |
| Total Change | Rp- | 8.42% |
Book Value vs Market Value Analysis
This analysis compares Ladangbaja Murni PT 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: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.22x to 2.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Rp19.77 | Rp123.00 | x |
| 2018-12-31 | Rp21.95 | Rp123.00 | x |
| 2019-12-31 | Rp30.55 | Rp123.00 | x |
| 2020-12-31 | Rp24.57 | Rp123.00 | x |
| 2021-12-31 | Rp69.51 | Rp123.00 | x |
| 2022-12-31 | Rp66.39 | Rp123.00 | x |
| 2023-12-31 | Rp61.94 | Rp123.00 | x |
| 2024-12-31 | Rp53.76 | Rp123.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ladangbaja Murni PT 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): -14.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.33%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.57x
- Recent ROE (-14.70%) is below the historical average (1.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.28% | 8.04% | 0.64x | 1.81x | Rp-142.15 Million |
| 2018 | 11.58% | 11.08% | 0.54x | 1.92x | Rp346.64 Million |
| 2019 | 10.32% | 12.43% | 0.44x | 1.87x | Rp77.71 Million |
| 2020 | -17.07% | -24.24% | 0.32x | 2.17x | Rp-5.32 Billion |
| 2021 | 31.46% | 204.15% | 0.14x | 1.11x | Rp13.17 Billion |
| 2022 | -7.75% | -29.05% | 0.24x | 1.13x | Rp-10.41 Billion |
| 2023 | -7.20% | -35.45% | 0.19x | 1.07x | Rp-9.41 Billion |
| 2024 | -14.70% | -40.33% | 0.23x | 1.57x | Rp-14.65 Billion |
Industry Comparison
This section compares Ladangbaja Murni PT Tbk's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $638,805,232,154
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ladangbaja Murni PT Tbk (LABA) | Rp60.97 Billion | 9.28% | 0.52x | $7.95 Million |
| Saranacentral Bajatama Tbk (BAJA) | $74.19 Billion | 1.50% | 10.28x | $16.66 Million |
| Betonjaya Manunggal Tbk (BTON) | $279.66 Billion | 10.59% | 0.42x | $15.61 Million |
| Gunawan Dianjaya Steel Tbk (GDST) | $832.12 Billion | 3.81% | 0.51x | $56.87 Million |
| Gunung Raja Paksi (GGRP) | $691.74 Million | -3.00% | 0.55x | $212.90 Million |
| Steel Pipe Industry Of Indonesia (ISSP) | $2.65 Trillion | 3.89% | 1.28x | $180.15 Million |
| Krakatau Steel Persero Tbk (KRAS) | $1.12 Billion | -1.83% | 1.30x | $321.95 Million |
About Ladangbaja Murni PT Tbk
PT Green Power Group Tbk distributes steel products and related products in Indonesia. It trades in various steel products, including rule die steel and cutting, mold base, custom mold, and creasing rule products, as well as spare parts. The company was formerly known as PT Ladang Baja Murni Tbk and changed its name to PT Green Power Group Tbk in July 2024. The company was founded in 1989 and is … Read more