PT Mandiri Herindo Adiperkasa Tbk (MAHA) - Net Assets
Based on the latest financial reports, PT Mandiri Herindo Adiperkasa Tbk (MAHA) has net assets worth Rp1.85 Trillion IDR (≈ $108.16 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp2.84 Trillion ≈ $166.44 Million USD) and total liabilities (Rp994.58 Billion ≈ $58.28 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 allocation strategy of PT Mandiri Herindo Adiperkasa Tbk to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp1.85 Trillion |
| % of Total Assets | 64.99% |
| Annual Growth Rate | 30.46% |
| 5-Year Change | 158.92% |
| 10-Year Change | N/A |
| Growth Volatility | 25.15 |
PT Mandiri Herindo Adiperkasa Tbk - Net Assets Trend (2020–2025)
This chart illustrates how PT Mandiri Herindo Adiperkasa Tbk's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PT Mandiri Herindo Adiperkasa Tbk market cap and net worth.
Annual Net Assets for PT Mandiri Herindo Adiperkasa Tbk (2020–2025)
The table below shows the annual net assets of PT Mandiri Herindo Adiperkasa Tbk from 2020 to 2025. Also explore PT Mandiri Herindo Adiperkasa Tbk (MAHA) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp1.90 Trillion ≈ $111.50 Million |
+1.48% |
| 2024-12-31 | Rp1.88 Trillion ≈ $109.88 Million |
+3.74% |
| 2023-12-31 | Rp1.81 Trillion ≈ $105.91 Million |
+58.97% |
| 2022-12-31 | Rp1.14 Trillion ≈ $66.62 Million |
+54.72% |
| 2021-12-31 | Rp734.91 Billion ≈ $43.06 Million |
+45.92% |
| 2020-12-31 | Rp503.64 Billion ≈ $29.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PT Mandiri Herindo Adiperkasa 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 36.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp701.84 Billion | 37.17% |
| Common Stock | Rp999.96 Billion | 52.95% |
| Other Comprehensive Income | Rp-153.71 Million | -0.01% |
| Other Components | Rp186.78 Billion | 9.89% |
| Total Equity | Rp1.89 Trillion | 100.00% |
PT Mandiri Herindo Adiperkasa Tbk Competitors by Market Cap
The table below lists competitors of PT Mandiri Herindo Adiperkasa Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baozun Inc
F:2BZA
|
$138.38 Million |
|
Ibraco Bhd
KLSE:5084
|
$138.47 Million |
|
Fiamma Holdings Bhd
KLSE:6939
|
$138.47 Million |
|
Masterflex SE
F:MZX
|
$138.50 Million |
|
Karel Elektronik Sanayi ve Ticaret AS
IS:KAREL
|
$138.26 Million |
|
Sammok S-Form Co.Ltd
KQ:018310
|
$138.25 Million |
|
Tectonic Metals Inc
V:TECT
|
$138.20 Million |
|
Rajthanee Hospital Public Company Limited
BK:RJH
|
$138.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Mandiri Herindo Adiperkasa Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,862,798,039,000 to 1,888,432,662,000, a change of 25,634,623,000 (1.4%).
- Net income of 242,527,087,000 contributed positively to equity growth.
- Dividend payments of 196,739,640,000 reduced retained earnings.
- Share repurchases of 20,791,504,000 reduced equity.
- Other comprehensive income increased equity by 2,122,265,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp242.53 Billion | +12.84% |
| Dividends Paid | Rp196.74 Billion | -10.42% |
| Share Repurchases | Rp20.79 Billion | -1.1% |
| Other Comprehensive Income | Rp2.12 Billion | +0.11% |
| Other Changes | Rp-1.48 Billion | -0.08% |
| Total Change | Rp- | 1.38% |
Book Value vs Market Value Analysis
This analysis compares PT Mandiri Herindo Adiperkasa 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: 1.25x
- 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 4.77x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | Rp30.22 | Rp144.00 | x |
| 2021-12-31 | Rp44.10 | Rp144.00 | x |
| 2022-12-31 | Rp68.22 | Rp144.00 | x |
| 2023-12-31 | Rp125.83 | Rp144.00 | x |
| 2024-12-31 | Rp111.85 | Rp144.00 | x |
| 2025-12-31 | Rp115.10 | Rp144.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Mandiri Herindo Adiperkasa 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): 12.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.30%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.59x
- Recent ROE (12.84%) is below the historical average (26.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 26.96% | 13.61% | 1.27x | 1.56x | Rp85.42 Billion |
| 2021 | 42.42% | 23.63% | 1.23x | 1.46x | Rp238.29 Billion |
| 2022 | 44.12% | 30.55% | 1.02x | 1.41x | Rp387.92 Billion |
| 2023 | 14.96% | 13.55% | 0.77x | 1.43x | Rp88.82 Billion |
| 2024 | 15.93% | 11.66% | 0.94x | 1.45x | Rp110.44 Billion |
| 2025 | 12.84% | 8.30% | 0.98x | 1.59x | Rp53.68 Billion |
Industry Comparison
This section compares PT Mandiri Herindo Adiperkasa Tbk's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $160,671,031,756
- Average return on equity (ROE) among peers: 1.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Mandiri Herindo Adiperkasa Tbk (MAHA) | Rp1.85 Trillion | 26.96% | 0.54x | $138.34 Million |
| Maming Enam Sembilan Mineral Tbk PT (AKSI) | $60.91 Billion | -1.28% | 0.18x | $15.02 Million |
| Indah Prakasa Sentosa PT Tbk (INPS) | $140.91 Billion | -2.76% | 2.40x | $33.71 Million |
| Armada Berjaya Trans Tbk PT (JAYA) | $66.75 Billion | 4.54% | 0.23x | $7.11 Million |
| Putra Rajawali Kencana PT (PURA) | $468.09 Billion | 1.31% | 0.15x | $11.82 Million |
| Sidomulyo Selaras Tbk (SDMU) | $210.33 Billion | 4.59% | 0.93x | $12.26 Million |
| Guna Timur Raya PT (TRUK) | $17.04 Billion | 3.35% | 0.63x | $588.33 |
About PT Mandiri Herindo Adiperkasa Tbk
PT Mandiri Herindo Adiperkasa Tbk provides coal transportation services in Indonesia. Its fleet consists of prime mover and dump trucks. It also offers mining support for coal hauling, as well as coal hauling, coal loading, and road maintenance. PT Mandiri Herindo Adiperkasa Tbk was founded in 1994 and is headquartered in Jakarta, Indonesia.