PT Merdeka Battery Materials
PT Merdeka Battery Materials Tbk. engages in the mining and processing of nickel, cobalt, and other mineral deposits in Indonesia. The company manufactures non-ferrous basic metal; and collects hazardous waste. It also engages in the battery components manufacturing; limestone industry and quarrying; generation, transmission, distribution, and sale of electricity; electric power plant operation; … Read more
PT Merdeka Battery Materials (MBMA) - Net Assets
Latest net assets as of September 2025: Rp1.58 Billion IDR
Based on the latest financial reports, PT Merdeka Battery Materials (MBMA) has net assets worth Rp1.58 Billion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp3.60 Billion) and total liabilities (Rp2.02 Billion). 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 | Rp1.58 Billion |
| % of Total Assets | 43.88% |
| Annual Growth Rate | 245.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 244901.58 |
PT Merdeka Battery Materials - Net Assets Trend (2020–2024)
This chart illustrates how PT Merdeka Battery Materials's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PT Merdeka Battery Materials (2020–2024)
The table below shows the annual net assets of PT Merdeka Battery Materials from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp1.55 Billion | +1.48% |
| 2023-12-31 | Rp1.53 Billion | +60.07% |
| 2022-12-31 | Rp956.99 Million | +565563.67% |
| 2021-12-31 | Rp169.18K | -98.44% |
| 2020-12-31 | Rp10.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Merdeka Battery Materials'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 360.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp50.01 Million | 3.22% |
| Common Stock | Rp739.79 Million | 47.59% |
| Other Components | Rp764.74 Million | 49.19% |
| Total Equity | Rp1.55 Billion | 100.00% |
PT Merdeka Battery Materials Competitors by Market Cap
The table below lists competitors of PT Merdeka Battery Materials ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhuhai Zhongfu Enterprise Co Ltd
SHE:000659
|
$570.17 Million |
|
Merry Electronics Co Ltd
TW:2439
|
$570.30 Million |
|
Risesun Real Estate Development Co Ltd
SHE:002146
|
$570.30 Million |
|
Zhejiang Qianjiang Motorcycle Co Ltd
SHE:000913
|
$570.39 Million |
|
Mitra Adiperkasa Tbk
JK:MAPI
|
$569.96 Million |
|
Farmers & Merchants Bancorp
OTCQX:FMCB
|
$569.85 Million |
|
CIMC Enric Holdings Limited
PINK:CIMEF
|
$569.65 Million |
|
SJVN Limited
NSE:SJVN
|
$569.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Merdeka Battery Materials's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,531,813,940 to 1,554,548,570, a change of 22,734,630 (1.5%).
- Net income of 22,781,830 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp22.78 Million | +1.47% |
| Other Changes | Rp-47.20K | -0.0% |
| Total Change | Rp- | 1.48% |
Book Value vs Market Value Analysis
This analysis compares PT Merdeka Battery Materials'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: 50366.18x
- 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 7171541.53x to 50366.18x 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 | Rp0.00 | Rp725.00 | x |
| 2021-12-31 | Rp0.00 | Rp725.00 | x |
| 2022-12-31 | Rp0.01 | Rp725.00 | x |
| 2023-12-31 | Rp0.01 | Rp725.00 | x |
| 2024-12-31 | Rp0.01 | Rp725.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Merdeka Battery Materials 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): 1.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.23%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.21x
- Recent ROE (1.47%) is below the historical average (2.70%), 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 | -0.19% | 0.00% | 0.00x | 1.00x | Rp-1.11 Million |
| 2021 | 9.50% | 0.00% | 0.00x | 1.00x | Rp-848.00 |
| 2022 | 2.26% | 4.75% | 0.19x | 2.53x | Rp-74.03 Million |
| 2023 | 0.45% | 0.52% | 0.41x | 2.13x | Rp-146.25 Million |
| 2024 | 1.47% | 1.23% | 0.54x | 2.21x | Rp-132.67 Million |
Industry Comparison
This section compares PT Merdeka Battery Materials's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $5,248,400,000
- Average return on equity (ROE) among peers: 12.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Merdeka Battery Materials (MBMA) | Rp1.58 Billion | -0.19% | 1.28x | $570.05 Million |
| PT Amman Mineral Internasional (AMMN) | $5.25 Billion | 12.14% | 1.12x | $4.56 Billion |