Mandala Multifinance Tbk (MFIN) - Net Assets

Latest as of June 2025: Rp3.81 Trillion IDR ≈ $223.10 Million USD

Based on the latest financial reports, Mandala Multifinance Tbk (MFIN) has net assets worth Rp3.81 Trillion IDR (≈ $223.10 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp6.93 Trillion ≈ $406.31 Million USD) and total liabilities (Rp3.13 Trillion ≈ $183.22 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 MFIN financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp3.81 Trillion
% of Total Assets	54.91%
Annual Growth Rate	16.26%
5-Year Change	66.79%
10-Year Change	144.26%
Growth Volatility	7.59

Mandala Multifinance Tbk - Net Assets Trend (2006–2024)

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

Annual Net Assets for Mandala Multifinance Tbk (2006–2024)

The table below shows the annual net assets of Mandala Multifinance Tbk from 2006 to 2024. For live valuation and market cap data, see Mandala Multifinance Tbk (MFIN) market capitalisation.

Year	Net Assets	Change
2024-12-31	Rp3.89 Trillion ≈ $228.20 Million	+14.66%
2023-12-31	Rp3.40 Trillion ≈ $199.02 Million	+4.96%
2022-12-31	Rp3.24 Trillion ≈ $189.61 Million	+17.12%
2021-12-31	Rp2.76 Trillion ≈ $161.90 Million	+18.33%
2020-12-31	Rp2.33 Trillion ≈ $136.82 Million	+2.51%
2019-12-31	Rp2.28 Trillion ≈ $133.48 Million	+10.54%
2018-12-31	Rp2.06 Trillion ≈ $120.75 Million	+6.55%
2017-12-31	Rp1.93 Trillion ≈ $113.32 Million	+6.65%
2016-12-31	Rp1.81 Trillion ≈ $106.26 Million	+13.74%
2015-12-31	Rp1.59 Trillion ≈ $93.42 Million	+13.79%
2014-12-31	Rp1.40 Trillion ≈ $82.10 Million	+24.49%
2013-12-31	Rp1.13 Trillion ≈ $65.95 Million	+26.68%
2012-12-31	Rp888.48 Billion ≈ $52.06 Million	+22.63%
2011-12-31	Rp724.54 Billion ≈ $42.45 Million	+24.06%
2010-12-31	Rp584.03 Billion ≈ $34.22 Million	+23.48%
2009-12-31	Rp472.95 Billion ≈ $27.71 Million	+19.30%
2008-12-31	Rp396.44 Billion ≈ $23.23 Million	+27.58%
2007-12-31	Rp310.73 Billion ≈ $18.21 Million	+20.23%
2006-12-31	Rp258.45 Billion ≈ $15.14 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mandala Multifinance 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 4259.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Rp3.71 Trillion	95.39%
Common Stock	Rp133.84 Billion	3.44%
Other Components	Rp45.74 Billion	1.17%
Total Equity	Rp3.89 Trillion	100.00%

Mandala Multifinance Tbk Competitors by Market Cap

The table below lists competitors of Mandala Multifinance Tbk ranked by their market capitalization.

Company	Market Cap
GDI Property Group AU:GDI	$232.99 Million
Gansu Mogao Industrial Development Co Ltd SHG:600543	$233.07 Million
Rafael Microelectronics TWO:6568	$233.11 Million
Korea Real Estate Investment & Trust Co Ltd KO:034830	$233.17 Million
BINEX Co. Ltd KQ:053030	$232.91 Million
Unitech Computer Co Ltd TW:2414	$232.87 Million
Z.M.H Hammerman Ltd TA:ZMH	$232.86 Million
Shanghai Jin Jiang International Hotels Development Co Ltd B SHG:900934	$232.75 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,396,430,000,000 to 3,894,430,000,000, a change of 498,000,000,000 (14.7%).
Net income of 515,664,000,000 contributed positively to equity growth.
Other comprehensive income increased equity by 53,581,000,000.
Other factors decreased equity by 71,245,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rp515.66 Billion	+13.24%
Other Comprehensive Income	Rp53.58 Billion	+1.38%
Other Changes	Rp-71.25 Billion	-1.83%
Total Change	Rp-	14.66%

Book Value vs Market Value Analysis

This analysis compares Mandala Multifinance 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: 1.02x
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 6.78x to 1.02x 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	Rp117.26	Rp795.00	x
2008-12-31	Rp149.60	Rp795.00	x
2009-12-31	Rp178.47	Rp795.00	x
2010-12-31	Rp220.39	Rp795.00	x
2011-12-31	Rp273.41	Rp795.00	x
2012-12-31	Rp335.27	Rp795.00	x
2013-12-31	Rp424.73	Rp795.00	x
2014-12-31	Rp528.75	Rp795.00	x
2015-12-31	Rp601.65	Rp795.00	x
2016-12-31	Rp684.31	Rp795.00	x
2017-12-31	Rp729.80	Rp795.00	x
2018-12-31	Rp777.61	Rp795.00	x
2019-12-31	Rp859.58	Rp795.00	x
2020-12-31	Rp881.12	Rp795.00	x
2021-12-31	Rp1042.62	Rp795.00	x
2022-12-31	Rp1221.11	Rp795.00	x
2023-12-31	Rp1281.67	Rp795.00	x
2024-12-31	Rp778.89	Rp795.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mandala Multifinance 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): 13.24%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 22.31%
• Asset Turnover: 0.35x
• Equity Multiplier: 1.72x
Recent ROE (13.24%) is below the historical average (19.08%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	20.63%	21.75%	0.25x	3.77x	Rp26.05 Billion
2007	25.22%	30.19%	0.17x	4.87x	Rp47.30 Billion
2008	26.56%	24.10%	0.20x	5.58x	Rp65.66 Billion
2009	22.86%	23.32%	0.23x	4.35x	Rp60.81 Billion
2010	22.72%	21.98%	0.19x	5.36x	Rp74.26 Billion
2011	24.88%	22.36%	0.21x	5.22x	Rp107.81 Billion
2012	24.54%	17.05%	0.31x	4.57x	Rp129.15 Billion
2013	23.00%	18.52%	0.35x	3.52x	Rp146.37 Billion
2014	21.52%	19.55%	0.32x	3.43x	Rp161.37 Billion
2015	15.46%	14.64%	0.37x	2.88x	Rp87.13 Billion
2016	14.08%	17.58%	0.41x	1.96x	Rp73.94 Billion
2017	17.21%	23.79%	0.44x	1.66x	Rp139.53 Billion
2018	16.18%	22.98%	0.40x	1.76x	Rp127.28 Billion
2019	16.55%	21.86%	0.37x	2.07x	Rp149.29 Billion
2020	7.47%	11.46%	0.36x	1.80x	Rp-59.10 Billion
2021	17.56%	27.80%	0.33x	1.93x	Rp208.96 Billion
2022	20.35%	30.68%	0.33x	2.03x	Rp334.92 Billion
2023	12.45%	19.42%	0.33x	1.96x	Rp83.27 Billion
2024	13.24%	22.31%	0.35x	1.72x	Rp126.22 Billion

Industry Comparison

This section compares Mandala Multifinance Tbk's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $1,963,193,461,743
Average return on equity (ROE) among peers: 9.18%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mandala Multifinance Tbk (MFIN)	Rp3.81 Trillion	20.63%	0.82x	$232.92 Million
Adira Dinamika Multi Finance (ADMF)	$11.56 Trillion	12.17%	1.82x	$632.22 Million
Buana Finance Tbk (BBLD)	$-313.70 Billion	0.00%	0.00x	$64.13 Million
BFI Finance Indonesia Tbk (BFIN)	$611.95 Billion	16.06%	0.84x	$704.07 Million
Batavia Prosperindo Finance (BPFI)	$130.28 Billion	12.93%	0.80x	$41.68 Million
Clipan Finance Indonesia Tbk (CFIN)	$4.71 Trillion	7.68%	1.58x	$78.45 Million
Danasupra Erapacific Tbk (DEFI)	$59.97 Billion	14.75%	0.02x	$6.34 Million
Fuji Finance Indonesia Tbk PT (FUJI)	$98.96 Billion	2.38%	0.00x	$24.83 Million
Radana Bhaskara Finance Tbk (HDFA)	$255.34 Billion	5.88%	5.22x	$42.55 Million
Intan Baruprana Finance Tbk (IBFN)	$564.52 Billion	10.76%	4.39x	$7.02 Million

About Mandala Multifinance Tbk

JK:MFIN Indonesia Credit Services

Market Cap

$232.92 Million

Rp3.98 Trillion IDR

Market Cap Rank

#15957 Global

#218 in Indonesia

Share Price

Rp795.00

Change (1 day)

-7.02%

52-Week Range

Rp585.00 - Rp3280.00

All Time High

Rp1000000.00