Link Net Tbk (LINK) - Net Assets

Latest as of December 2025: Rp3.55 Trillion IDR ≈ $207.99 Million USD

Based on the latest financial reports, Link Net Tbk (LINK) has net assets worth Rp3.55 Trillion IDR (≈ $207.99 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp13.24 Trillion ≈ $775.69 Million USD) and total liabilities (Rp9.69 Trillion ≈ $567.70 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 LINK asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp3.55 Trillion
% of Total Assets	26.81%
Annual Growth Rate	4.9%
5-Year Change	-32.38%
10-Year Change	-10.43%
Growth Volatility	14.07

Link Net Tbk - Net Assets Trend (2011–2025)

This chart illustrates how Link Net Tbk's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Link Net Tbk for the complete picture of this company's asset base.

Annual Net Assets for Link Net Tbk (2011–2025)

The table below shows the annual net assets of Link Net Tbk from 2011 to 2025. For live valuation and market cap data, see how much is Link Net Tbk worth.

Year	Net Assets	Change
2025-12-31	Rp3.55 Trillion ≈ $207.99 Million	-29.08%
2024-12-31	Rp5.01 Trillion ≈ $293.29 Million	+15.97%
2023-12-31	Rp4.32 Trillion ≈ $252.91 Million	-13.12%
2022-12-31	Rp4.97 Trillion ≈ $291.11 Million	-5.36%
2021-12-31	Rp5.25 Trillion ≈ $307.59 Million	+13.56%
2020-12-31	Rp4.62 Trillion ≈ $270.87 Million	-0.72%
2019-12-31	Rp4.66 Trillion ≈ $272.85 Million	-1.99%
2018-12-31	Rp4.75 Trillion ≈ $278.40 Million	+5.02%
2017-12-31	Rp4.52 Trillion ≈ $265.10 Million	+14.16%
2016-12-31	Rp3.96 Trillion ≈ $232.22 Million	+8.06%
2015-12-31	Rp3.67 Trillion ≈ $214.89 Million	+20.84%
2014-12-31	Rp3.03 Trillion ≈ $177.82 Million	+20.56%
2013-12-31	Rp2.52 Trillion ≈ $147.50 Million	+16.71%
2012-12-31	Rp2.16 Trillion ≈ $126.39 Million	+18.65%
2011-12-31	Rp1.82 Trillion ≈ $106.52 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Link Net 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 462.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Rp463.95 Billion	13.07%
Common Stock	Rp286.32 Billion	8.07%
Other Comprehensive Income	Rp600.00 Million	0.02%
Other Components	Rp2.80 Trillion	78.85%
Total Equity	Rp3.55 Trillion	100.00%

Link Net Tbk Competitors by Market Cap

The table below lists competitors of Link Net Tbk ranked by their market capitalization.

Company	Market Cap
Famous Brands Ltd JSE:FBR	$284.63 Million
Armata Pharmaceuticals Inc NYSE MKT:ARMP	$284.70 Million
Fineotex Chemical Limited NSE:FCL	$284.74 Million
Ihlas Haber Ajansi AS IS:IHAAS	$284.76 Million
GomSpace Group AB ST:GOMX	$284.60 Million
Global Standard Technology Limited KQ:083450	$284.56 Million
Stellus Capital Investment NYSE:SCM	$284.55 Million
James River Group Holdings Ltd NASDAQ:JRVR	$284.53 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Link Net Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,005,197,000,000 to 3,549,580,000,000, a change of -1,455,617,000,000 (-29.1%).
Net loss of 1,448,949,000,000 reduced equity.
Share repurchases of 393,000,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rp-1.45 Trillion	-40.82%
Share Repurchases	Rp393.00 Million	-0.01%
Other Changes	Rp-6.28 Billion	-0.18%
Total Change	Rp-	-29.08%

Book Value vs Market Value Analysis

This analysis compares Link Net 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: 1.37x
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 2.49x to 1.37x 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	Rp708.89	Rp1765.00	x
2013-12-31	Rp827.33	Rp1765.00	x
2014-12-31	Rp997.41	Rp1765.00	x
2015-12-31	Rp1205.26	Rp1765.00	x
2016-12-31	Rp1315.55	Rp1765.00	x
2017-12-31	Rp1529.56	Rp1765.00	x
2018-12-31	Rp1622.66	Rp1765.00	x
2019-12-31	Rp1617.80	Rp1765.00	x
2020-12-31	Rp1673.64	Rp1765.00	x
2021-12-31	Rp1907.75	Rp1765.00	x
2022-12-31	Rp1805.52	Rp1765.00	x
2023-12-31	Rp1568.59	Rp1765.00	x
2024-12-31	Rp1819.03	Rp1765.00	x
2025-12-31	Rp1290.00	Rp1765.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Link Net 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): -40.82%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -47.02%
• Asset Turnover: 0.23x
• Equity Multiplier: 3.73x
Recent ROE (-40.82%) is below the historical average (7.87%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	8.16%	25.47%	0.23x	1.37x	Rp-33.36 Billion
2012	15.72%	26.07%	0.43x	1.40x	Rp123.34 Billion
2013	14.39%	21.76%	0.52x	1.28x	Rp110.44 Billion
2014	18.38%	26.11%	0.57x	1.23x	Rp254.23 Billion
2015	17.44%	24.94%	0.58x	1.21x	Rp272.81 Billion
2016	20.65%	27.71%	0.58x	1.28x	Rp422.26 Billion
2017	22.26%	29.63%	0.59x	1.27x	Rp554.86 Billion
2018	16.60%	21.16%	0.62x	1.27x	Rp313.81 Billion
2019	19.21%	23.82%	0.56x	1.43x	Rp428.89 Billion
2020	20.37%	23.26%	0.52x	1.69x	Rp479.44 Billion
2021	16.87%	19.83%	0.46x	1.86x	Rp360.38 Billion
2022	4.85%	5.51%	0.38x	2.34x	Rp-256.09 Billion
2023	-12.35%	-13.58%	0.31x	2.93x	Rp-964.59 Billion
2024	-23.68%	-47.02%	0.18x	2.78x	Rp-1.69 Trillion
2025	-40.82%	-47.02%	0.23x	3.73x	Rp-1.80 Trillion

Industry Comparison

This section compares Link Net Tbk's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $3,203,310,578,146
Average return on equity (ROE) among peers: 11.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Link Net Tbk (LINK)	Rp3.55 Trillion	8.16%	2.73x	$284.61 Million
Bali Towerindo Sentra Tbk (BALI)	$40.55 Billion	9.38%	4.97x	$292.80 Million
Centratama Telekomunikasi Ind (CENT)	$732.04 Billion	-3.99%	0.14x	$180.90 Million
Indoritel Makmur Internasional (DNET)	$14.24 Trillion	7.53%	0.50x	$7.87 Billion
XL Axiata Tbk PT (EXCL)	$687.93 Billion	108.05%	5.90x	$2.95 Billion
Smartfren Telecom Tbk (FREN)	$1.80 Trillion	2.80%	1.53x	$1.36 Million
Gihon Telekomunikasi Indonesia Tbk PT (GHON)	$96.63 Billion	9.26%	2.28x	$57.69 Million
Inti Bangun Sejahtera Tbk (IBST)	$25.57 Billion	0.00%	9.06x	$670.86 Million
Indosat Tbk (ISAT)	$14.20 Trillion	-14.00%	2.75x	$3.77 Billion
Jasnita Telekomindo Tbk PT (JAST)	$86.63 Billion	-8.56%	0.71x	$6.28 Million
LCK Global Kedaton (LCKM)	$135.67 Billion	0.52%	0.07x	$7.85 Million

About Link Net Tbk

JK:LINK Indonesia Telecom Services

Market Cap

$284.61 Million

Rp4.86 Trillion IDR

Market Cap Rank

#15177 Global

#189 in Indonesia

Share Price

Rp1765.00

Change (1 day)

-1.94%

52-Week Range

Rp1405.00 - Rp4900.00

All Time High

Rp4900.00