Mitrabara Adiperdana PT (MBAP) - Net Assets
Based on the latest financial reports, Mitrabara Adiperdana PT (MBAP) has net assets worth Rp183.10 Million IDR (≈ $10.73K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp237.18 Million ≈ $13.90K USD) and total liabilities (Rp54.08 Million ≈ $3.17K 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 MBAP asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp183.10 Million |
| % of Total Assets | 77.2% |
| Annual Growth Rate | 24.96% |
| 5-Year Change | 34.75% |
| 10-Year Change | 152.22% |
| Growth Volatility | 39.62 |
Mitrabara Adiperdana PT - Net Assets Trend (2011–2024)
This chart illustrates how Mitrabara Adiperdana PT's net assets have evolved over time, based on quarterly financial data. Also explore Mitrabara Adiperdana PT total assets for the complete picture of this company's asset base.
Annual Net Assets for Mitrabara Adiperdana PT (2011–2024)
The table below shows the annual net assets of Mitrabara Adiperdana PT from 2011 to 2024. For live valuation and market cap data, see MBAP market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp186.25 Million ≈ $10.91K |
+7.79% |
| 2023-12-31 | Rp172.79 Million ≈ $10.12K |
-30.96% |
| 2022-12-31 | Rp250.27 Million ≈ $14.66K |
+25.14% |
| 2021-12-31 | Rp199.98 Million ≈ $11.72K |
+44.68% |
| 2020-12-31 | Rp138.22 Million ≈ $8.10K |
-5.09% |
| 2019-12-31 | Rp145.64 Million ≈ $8.53K |
+17.28% |
| 2018-12-31 | Rp124.18 Million ≈ $7.28K |
+1.53% |
| 2017-12-31 | Rp122.30 Million ≈ $7.17K |
+33.48% |
| 2016-12-31 | Rp91.63 Million ≈ $5.37K |
+24.08% |
| 2015-12-31 | Rp73.85 Million ≈ $4.33K |
+59.93% |
| 2014-12-31 | Rp46.17 Million ≈ $2.71K |
+140.61% |
| 2013-12-31 | Rp19.19 Million ≈ $1.12K |
+22.31% |
| 2012-12-31 | Rp15.69 Million ≈ $919.37 |
+52.73% |
| 2011-12-31 | Rp10.27 Million ≈ $601.96 |
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Equity Component Analysis
This analysis shows how different components contribute to Mitrabara Adiperdana PT'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 6616.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp156.97 Million | 84.92% |
| Common Stock | Rp10.74 Million | 5.81% |
| Other Comprehensive Income | Rp-443.60K | -0.24% |
| Other Components | Rp17.56 Million | 9.50% |
| Total Equity | Rp184.84 Million | 100.00% |
Mitrabara Adiperdana PT Competitors by Market Cap
The table below lists competitors of Mitrabara Adiperdana PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Riverview Bancorp Inc
NASDAQ:RVSB
|
$111.87 Million |
|
SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft
HM:NEP
|
$111.94 Million |
|
Land General Bhd
KLSE:3174
|
$111.97 Million |
|
NOVONIX LTD SP.ADS/4
F:GC30
|
$111.99 Million |
|
Bcl Industries Limited
NSE:BCLIND
|
$111.75 Million |
|
Tait Marketing & Distribution Co Ltd
TWO:5902
|
$111.65 Million |
|
Crosswood
PA:CROS
|
$111.65 Million |
|
FPX Nickel Corp
V:FPX
|
$111.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mitrabara Adiperdana PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 171,348,242 to 184,838,161, a change of 13,489,919 (7.9%).
- Net income of 19,103,805 contributed positively to equity growth.
- Dividend payments of 5,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 494,592.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp19.10 Million | +10.34% |
| Dividends Paid | Rp5.00 Million | -2.71% |
| Other Comprehensive Income | Rp-494.59K | -0.27% |
| Other Changes | Rp-119.29K | -0.06% |
| Total Change | Rp- | 7.87% |
Book Value vs Market Value Analysis
This analysis compares Mitrabara Adiperdana PT'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: 10324.75x
- 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 99451.37x to 10324.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | Rp0.02 | Rp1555.00 | x |
| 2014-12-31 | Rp0.04 | Rp1555.00 | x |
| 2015-12-31 | Rp0.06 | Rp1555.00 | x |
| 2016-12-31 | Rp0.07 | Rp1555.00 | x |
| 2017-12-31 | Rp0.10 | Rp1555.00 | x |
| 2018-12-31 | Rp0.10 | Rp1555.00 | x |
| 2019-12-31 | Rp0.12 | Rp1555.00 | x |
| 2020-12-31 | Rp0.11 | Rp1555.00 | x |
| 2021-12-31 | Rp0.16 | Rp1555.00 | x |
| 2022-12-31 | Rp0.20 | Rp1555.00 | x |
| 2023-12-31 | Rp0.14 | Rp1555.00 | x |
| 2024-12-31 | Rp0.15 | Rp1555.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mitrabara Adiperdana PT 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): 10.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.77%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.28x
- Recent ROE (10.34%) is below the historical average (33.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 18.47% | 3.06% | 1.60x | 3.77x | Rp1.63 Million |
| 2014 | 30.16% | 10.81% | 1.60x | 1.74x | Rp9.31 Million |
| 2015 | 46.94% | 15.82% | 2.01x | 1.48x | Rp27.28 Million |
| 2016 | 29.59% | 14.49% | 1.61x | 1.27x | Rp17.95 Million |
| 2017 | 47.94% | 22.68% | 1.61x | 1.31x | Rp46.41 Million |
| 2018 | 40.51% | 19.49% | 1.49x | 1.40x | Rp37.89 Million |
| 2019 | 24.23% | 13.53% | 1.35x | 1.32x | Rp20.72 Million |
| 2020 | 19.87% | 13.65% | 1.11x | 1.32x | Rp13.65 Million |
| 2021 | 50.29% | 32.46% | 1.20x | 1.29x | Rp80.57 Million |
| 2022 | 71.82% | 39.91% | 1.47x | 1.23x | Rp154.41 Million |
| 2023 | 12.66% | 9.68% | 0.98x | 1.34x | Rp4.56 Million |
| 2024 | 10.34% | 8.77% | 0.92x | 1.28x | Rp619.99K |
Industry Comparison
This section compares Mitrabara Adiperdana PT's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $457,656,926,975
- Average return on equity (ROE) among peers: -5.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mitrabara Adiperdana PT (MBAP) | Rp183.10 Million | 18.47% | 0.30x | $111.83 Million |
| Abm Investama Tbk (ABMM) | $758.93 Million | 38.08% | 1.84x | $395.25 Million |
| PT Alamtri Resources Indonesia Tbk (ADRO) | $3.79 Billion | 8.84% | 0.72x | $3.88 Billion |
| Akbar Indomakmur Stimec Tbk (AIMS) | $14.97 Billion | -10.78% | 0.01x | $5.10 Million |
| Atlas Resources Tbk (ARII) | $9.99 Million | -283.45% | 34.06x | $60.21 Million |
| Borneo Olah Sarana Sukses PT (BOSS) | $-39.38 Billion | 0.00% | 0.00x | $4.10 Million |
| Baramulti Suksessarana Tbk (BSSR) | $220.48 Million | 108.81% | 0.84x | $610.20 Million |
| Bumi Resources Tbk (BUMI) | $1.47 Trillion | 82.69% | 8.32x | $3.72 Billion |
| Bayan Resources Tbk (BYAN) | $182.16 Million | 1.03% | 2.35x | $19.63 Billion |
| Exploitasi Energi Indonesia (CNKO) | $3.13 Trillion | -3.11% | 0.76x | $303.23K |
| PT Petrindo Jaya Kreasi Tbk (CUAN) | $49.87 Million | 3.09% | 0.66x | $3.20 Billion |
About Mitrabara Adiperdana PT
PT Mitrabara Adiperdana Tbk, together with its subsidiaries, engages in coal mining, trading, and industrial businesses. It holds interests in coal mining located in Malinau Regency, North Kalimantan. The company also operates biomass power plants; provides management and plantation services; and engages in the shrimp farming. It sells its products in South Korea, Indonesia, China, Singapore, the… Read more