Multistrada Arah Sarana Tbk
PT Multistrada Arah Sarana Tbk, together with its subsidiaries, manufactures, distributes, and markets two and four wheeler tires for motor vehicles in Indonesia, the Middle East, Europe, Australia, Africa, Asia, and the United States. The company offers four wheel tires under the TC/Tourisme Camionnette, Uniroyal, and BFGoodrich brands. It also offers two wheel tires under the Corsa and Michelin… Read more
Multistrada Arah Sarana Tbk (MASA) - Net Assets
Latest net assets as of June 2025: Rp396.43 Million IDR
Based on the latest financial reports, Multistrada Arah Sarana Tbk (MASA) has net assets worth Rp396.43 Million IDR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp513.15 Million) and total liabilities (Rp116.72 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp396.43 Million |
| % of Total Assets | 77.25% |
| Annual Growth Rate | -28.42% |
| 5-Year Change | 73.78% |
| 10-Year Change | 14.33% |
| Growth Volatility | 37.49 |
Multistrada Arah Sarana Tbk - Net Assets Trend (2004–2024)
This chart illustrates how Multistrada Arah Sarana Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Multistrada Arah Sarana Tbk (2004–2024)
The table below shows the annual net assets of Multistrada Arah Sarana Tbk from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp394.94 Million | +3.66% |
| 2023-12-31 | Rp381.00 Million | +17.29% |
| 2022-12-31 | Rp324.83 Million | +16.79% |
| 2021-12-31 | Rp278.14 Million | +22.38% |
| 2020-12-31 | Rp227.26 Million | +16.31% |
| 2019-12-31 | Rp195.39 Million | -38.54% |
| 2018-12-31 | Rp317.90 Million | -5.67% |
| 2017-12-31 | Rp336.99 Million | -0.58% |
| 2016-12-31 | Rp338.97 Million | -1.88% |
| 2015-12-31 | Rp345.45 Million | -7.85% |
| 2014-12-31 | Rp374.87 Million | -0.11% |
| 2013-12-31 | Rp375.28 Million | +0.89% |
| 2012-12-31 | Rp371.98 Million | +90.68% |
| 2011-12-31 | Rp195.08 Million | +9.16% |
| 2010-12-31 | Rp178.72 Million | +15.40% |
| 2009-12-31 | Rp154.87 Million | +33.19% |
| 2008-12-31 | Rp116.27 Million | -15.21% |
| 2007-12-31 | Rp137.13 Million | -99.98% |
| 2006-12-31 | Rp721.62 Billion | +29.72% |
| 2005-12-31 | Rp556.27 Billion | +75.54% |
| 2004-12-31 | Rp316.89 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Multistrada Arah Sarana 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 12511693200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp125.12 Million | 31.68% |
| Common Stock | Rp137.34 Million | 34.78% |
| Other Components | Rp132.48 Million | 33.54% |
| Total Equity | Rp394.94 Million | 100.00% |
Multistrada Arah Sarana Tbk Competitors by Market Cap
The table below lists competitors of Multistrada Arah Sarana Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CASASOLD S.P.A. O.N.
F:8L5
|
$910.27K |
|
Sofina SA
NYSE:SOF
|
$910.31K |
|
Margaret Lake Diamonds Inc
V:DIA
|
$910.99K |
|
ENTERGY (ETY.SG)
STU:ETY
|
$911.31K |
|
JWSUF
PINK:JWSUF
|
$909.21K |
|
KONECRANES (K34.SG)
STU:K34
|
$908.93K |
|
Transaction Capital
JSE:TCP
|
$908.67K |
|
Shonghoya Intl Group Inc
PINK:SNHO
|
$908.65K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Multistrada Arah Sarana Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 380,995,789 to 394,937,591, a change of 13,941,802 (3.7%).
- Net income of 34,898,476 contributed positively to equity growth.
- Dividend payments of 21,371,595 reduced retained earnings.
- Other comprehensive income increased equity by 1,788,827.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp34.90 Million | +8.84% |
| Dividends Paid | Rp21.37 Million | -5.41% |
| Other Comprehensive Income | Rp1.79 Million | +0.45% |
| Other Changes | Rp-1.37 Million | -0.35% |
| Total Change | Rp- | 3.66% |
Book Value vs Market Value Analysis
This analysis compares Multistrada Arah Sarana 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: 144160.17x
- 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 231158.71x to 144160.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | Rp0.03 | Rp6200.00 | x |
| 2008-12-31 | Rp0.02 | Rp6200.00 | x |
| 2009-12-31 | Rp0.03 | Rp6200.00 | x |
| 2010-12-31 | Rp0.03 | Rp6200.00 | x |
| 2011-12-31 | Rp0.03 | Rp6200.00 | x |
| 2012-12-31 | Rp0.04 | Rp6200.00 | x |
| 2013-12-31 | Rp0.04 | Rp6200.00 | x |
| 2014-12-31 | Rp0.04 | Rp6200.00 | x |
| 2015-12-31 | Rp0.04 | Rp6200.00 | x |
| 2016-12-31 | Rp0.04 | Rp6200.00 | x |
| 2017-12-31 | Rp0.04 | Rp6200.00 | x |
| 2018-12-31 | Rp0.03 | Rp6200.00 | x |
| 2019-12-31 | Rp0.02 | Rp6200.00 | x |
| 2020-12-31 | Rp0.02 | Rp6200.00 | x |
| 2021-12-31 | Rp0.03 | Rp6200.00 | x |
| 2022-12-31 | Rp0.04 | Rp6200.00 | x |
| 2023-12-31 | Rp0.04 | Rp6200.00 | x |
| 2024-12-31 | Rp0.04 | Rp6200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Multistrada Arah Sarana 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): 8.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.28%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.21x
- Recent ROE (8.84%) is above the historical average (6.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 10.74% | 18.25% | 0.30x | 1.95x | Rp4.09 Billion |
| 2006 | 23.43% | 29.77% | 0.40x | 1.99x | Rp96.93 Billion |
| 2007 | 2.27% | 3.25% | 0.50x | 1.40x | Rp-10.60 Million |
| 2008 | 0.23% | 0.22% | 0.56x | 1.85x | Rp-11.36 Million |
| 2009 | 11.98% | 10.34% | 0.67x | 1.74x | Rp3.07 Million |
| 2010 | 10.81% | 8.77% | 0.66x | 1.87x | Rp1.44 Million |
| 2011 | 8.10% | 5.00% | 0.60x | 2.68x | Rp-3.70 Million |
| 2012 | 0.08% | 0.09% | 0.51x | 1.68x | Rp-36.88 Million |
| 2013 | 0.98% | 1.13% | 0.51x | 1.68x | Rp-33.71 Million |
| 2014 | 0.14% | 0.19% | 0.45x | 1.67x | Rp-36.82 Million |
| 2015 | -7.78% | -11.30% | 0.40x | 1.74x | Rp-61.24 Million |
| 2016 | -1.98% | -2.91% | 0.38x | 1.80x | Rp-40.49 Million |
| 2017 | -2.45% | -2.87% | 0.43x | 2.00x | Rp-41.01 Million |
| 2018 | -5.82% | -5.93% | 0.47x | 2.09x | Rp-48.66 Million |
| 2019 | -5.73% | -3.52% | 0.71x | 2.31x | Rp-30.73 Million |
| 2020 | 15.56% | 12.21% | 0.65x | 1.97x | Rp12.63 Million |
| 2021 | 18.09% | 10.86% | 0.86x | 1.93x | Rp22.49 Million |
| 2022 | 16.29% | 11.39% | 1.00x | 1.43x | Rp20.43 Million |
| 2023 | 19.77% | 15.41% | 0.93x | 1.37x | Rp37.24 Million |
| 2024 | 8.84% | 8.28% | 0.88x | 1.21x | Rp-4.60 Million |
Industry Comparison
This section compares Multistrada Arah Sarana Tbk's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,490,838,003,869
- Average return on equity (ROE) among peers: 13.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Multistrada Arah Sarana Tbk (MASA) | Rp396.43 Million | 10.74% | 0.29x | $909.88K |
| PT. Anugerah Spareparts Sejahtera Tbk (AEGS) | $67.94 Billion | 1.42% | 0.09x | $1.01 Million |
| Astra Otoparts Tbk (AUTO) | $2.79 Trillion | 20.28% | 0.43x | $155.83 Million |
| Dharma Polimetal Tbk PT (DRMA) | $391.82 Billion | 31.68% | 2.43x | $54.80 Million |
| Goodyear Indonesia Tbk (GDYR) | $296.73 Billion | 0.27% | 2.45x | $3.31 Million |
| Gajah Tunggal Tbk (GJTL) | $7.23 Trillion | -2.64% | 1.63x | $77.13 Million |
| Indospring Tbk (INDS) | $226.35 Billion | 31.42% | 2.40x | $18.97 Million |
| Kirana Megatara Tbk PT (KMTR) | $2.07 Trillion | 9.41% | 1.48x | $9.92 Million |
| Multi Prima Sejahtera Tbk (LPIN) | $284.02 Billion | 8.24% | 0.09x | $2.10 Million |
| PT Cipta Perdana Lancar Tbk (PART) | $63.54 Billion | 25.16% | 2.48x | $4.93 Million |