Multi Indocitra Tbk (MICE) - Net Assets

Latest as of December 2025: Rp968.47 Billion IDR ≈ $56.75 Million USD

Based on the latest financial reports, Multi Indocitra Tbk (MICE) has net assets worth Rp968.47 Billion IDR (≈ $56.75 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.48 Trillion ≈ $86.58 Million USD) and total liabilities (Rp509.12 Billion ≈ $29.83 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 MICE financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp968.47 Billion
% of Total Assets	65.54%
Annual Growth Rate	18.07%
5-Year Change	36.29%
10-Year Change	61.19%
Growth Volatility	33.27

Multi Indocitra Tbk - Net Assets Trend (2001–2025)

This chart illustrates how Multi Indocitra Tbk's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Multi Indocitra Tbk for the complete picture of this company's asset base.

Annual Net Assets for Multi Indocitra Tbk (2001–2025)

The table below shows the annual net assets of Multi Indocitra Tbk from 2001 to 2025. For live valuation and market cap data, see MICE market cap.

Year	Net Assets	Change
2025-12-31	Rp968.47 Billion ≈ $56.75 Million	+4.40%
2024-12-31	Rp927.63 Billion ≈ $54.36 Million	+4.15%
2023-12-31	Rp890.67 Billion ≈ $52.19 Million	+18.91%
2022-12-31	Rp749.01 Billion ≈ $43.89 Million	+5.41%
2021-12-31	Rp710.57 Billion ≈ $41.64 Million	+4.39%
2020-12-31	Rp680.71 Billion ≈ $39.89 Million	+0.27%
2019-12-31	Rp678.86 Billion ≈ $39.78 Million	+6.45%
2018-12-31	Rp637.71 Billion ≈ $37.37 Million	+4.99%
2017-12-31	Rp607.38 Billion ≈ $35.59 Million	+1.09%
2016-12-31	Rp600.81 Billion ≈ $35.21 Million	+2.88%
2015-12-31	Rp583.97 Billion ≈ $34.22 Million	+9.87%
2014-12-31	Rp531.49 Billion ≈ $31.14 Million	+7.28%
2013-12-31	Rp495.40 Billion ≈ $29.03 Million	+46.06%
2012-12-31	Rp339.17 Billion ≈ $19.87 Million	+10.78%
2011-12-31	Rp306.16 Billion ≈ $17.94 Million	+7.16%
2010-12-31	Rp285.70 Billion ≈ $16.74 Million	+13.39%
2009-12-31	Rp251.97 Billion ≈ $14.76 Million	+8.31%
2008-12-31	Rp232.64 Billion ≈ $13.63 Million	+6.55%
2007-12-31	Rp218.33 Billion ≈ $12.79 Million	+11.98%
2006-12-31	Rp194.96 Billion ≈ $11.42 Million	+22.56%
2005-12-31	Rp159.08 Billion ≈ $9.32 Million	+160.60%
2004-12-31	Rp61.04 Billion ≈ $3.58 Million	+50.82%
2003-12-31	Rp40.47 Billion ≈ $2.37 Million	+46.05%
2002-12-31	Rp27.71 Billion ≈ $1.62 Million	+54.21%
2001-12-31	Rp17.97 Billion ≈ $1.05 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Multi Indocitra 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 66323998400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Rp663.24 Billion	68.48%
Common Stock	Rp60.00 Billion	6.20%
Other Comprehensive Income	Rp207.01 Billion	21.37%
Other Components	Rp38.21 Billion	3.95%
Total Equity	Rp968.45 Billion	100.00%

Multi Indocitra Tbk Competitors by Market Cap

The table below lists competitors of Multi Indocitra Tbk ranked by their market capitalization.

Company	Market Cap
Yuyu Pharma Inc KO:000225	$17.71 Million
Millcon Steel Public Company Limited BK:MILL	$17.71 Million
RNI Negócios Imobiliários S.A SA:RDNI3	$17.72 Million
Empire Resources Ltd AU:ERL	$17.72 Million
Bangkok Union Insurance Public Co. Ltd. BK:BUI	$17.68 Million
OXE Marine AB ST:OXE	$17.68 Million
SUNEX S.A. WAR:SNX	$17.67 Million
Lead Real Estate Co., Ltd American Depositary Shares NASDAQ:LRE	$17.67 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 927,610,039,000 to 968,454,598,000, a change of 40,844,559,000 (4.4%).
Net income of 43,613,985,000 contributed positively to equity growth.
Dividend payments of 5,919,040,000 reduced retained earnings.
Other comprehensive income decreased equity by 69,753,347,000.
Other factors increased equity by 72,902,961,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rp43.61 Billion	+4.5%
Dividends Paid	Rp5.92 Billion	-0.61%
Other Comprehensive Income	Rp-69.75 Billion	-7.2%
Other Changes	Rp72.90 Billion	+7.53%
Total Change	Rp-	4.40%

Book Value vs Market Value Analysis

This analysis compares Multi Indocitra 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: 0.31x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 1.55x to 0.31x 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	Rp328.30	Rp510.00	x
2008-12-31	Rp347.65	Rp510.00	x
2009-12-31	Rp378.06	Rp510.00	x
2010-12-31	Rp431.69	Rp510.00	x
2011-12-31	Rp458.00	Rp510.00	x
2012-12-31	Rp506.14	Rp510.00	x
2013-12-31	Rp738.91	Rp510.00	x
2014-12-31	Rp793.62	Rp510.00	x
2015-12-31	Rp885.99	Rp510.00	x
2016-12-31	Rp922.37	Rp510.00	x
2017-12-31	Rp1020.09	Rp510.00	x
2018-12-31	Rp1071.00	Rp510.00	x
2019-12-31	Rp1154.25	Rp510.00	x
2020-12-31	Rp1143.21	Rp510.00	x
2021-12-31	Rp1200.46	Rp510.00	x
2022-12-31	Rp1265.41	Rp510.00	x
2023-12-31	Rp1504.74	Rp510.00	x
2024-12-31	Rp1567.16	Rp510.00	x
2025-12-31	Rp1628.75	Rp510.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Multi Indocitra 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): 4.50%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.60%
• Asset Turnover: 0.82x
• Equity Multiplier: 1.53x
Recent ROE (4.50%) is below the historical average (10.11%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	35.09%	10.97%	1.23x	2.60x	Rp12.52 Billion
2005	19.22%	14.18%	0.93x	1.46x	Rp13.25 Billion
2006	21.75%	17.31%	0.98x	1.29x	Rp20.67 Billion
2007	15.24%	12.31%	0.98x	1.26x	Rp10.31 Billion
2008	11.48%	7.78%	1.15x	1.29x	Rp3.08 Billion
2009	13.38%	8.91%	1.17x	1.28x	Rp7.66 Billion
2010	10.93%	6.65%	1.14x	1.44x	Rp2.40 Billion
2011	10.99%	6.45%	1.08x	1.58x	Rp2.69 Billion
2012	13.46%	7.26%	1.19x	1.55x	Rp10.46 Billion
2013	9.08%	6.77%	0.94x	1.43x	Rp-4.04 Billion
2014	8.15%	7.31%	0.80x	1.40x	Rp-8.74 Billion
2015	4.42%	4.20%	0.73x	1.44x	Rp-29.52 Billion
2016	3.79%	3.24%	0.76x	1.55x	Rp-33.93 Billion
2017	10.97%	11.69%	0.66x	1.42x	Rp5.89 Billion
2018	5.17%	5.17%	0.69x	1.46x	Rp-30.77 Billion
2019	5.39%	5.05%	0.71x	1.51x	Rp-31.69 Billion
2020	0.40%	0.41%	0.65x	1.47x	Rp-65.37 Billion
2021	4.24%	3.91%	0.72x	1.50x	Rp-40.94 Billion
2022	6.37%	4.90%	0.81x	1.60x	Rp-27.19 Billion
2023	3.86%	3.16%	0.82x	1.49x	Rp-54.70 Billion
2024	4.54%	3.77%	0.79x	1.53x	Rp-50.64 Billion
2025	4.50%	3.60%	0.82x	1.53x	Rp-53.23 Billion

Industry Comparison

This section compares Multi Indocitra Tbk's net assets metrics with peer companies in the Household & Personal Products industry.

Industry Context

Industry: Household & Personal Products
Average net assets among peers: $845,429,381,944
Average return on equity (ROE) among peers: 16.76%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Multi Indocitra Tbk (MICE)	Rp968.47 Billion	35.09%	0.53x	$17.69 Million
PT Estee Gold Feet Tbk (EURO)	$15.57 Billion	24.55%	0.39x	$560.07 Million
Falmaco Nonwoven Industri PT Tbk (FLMC)	$11.46 Billion	44.67%	9.09x	$8.06 Million
Martina Berto Tbk (MBTO)	$412.74 Billion	-5.98%	0.89x	$7.96 Million
Mustika Ratu Tbk (MRAT)	$233.86 Billion	4.60%	0.17x	$10.48 Million
Mandom Indonesia Tbk (TCID)	$1.87 Trillion	-5.21%	0.24x	$67.63 Million
Uni Charm Indonesia PT (UCID)	$2.53 Trillion	-10.97%	1.85x	$96.45 Million
Unilever Indonesia Tbk (UNVR)	$1.43 Trillion	57.04%	0.58x	$3.47 Billion
Victoria Care Indonesia Tbk Pt (VICI)	$264.28 Billion	25.40%	1.14x	$237.80 Million

About Multi Indocitra Tbk

JK:MICE Indonesia Household & Personal Products

Market Cap

$17.69 Million

Rp301.87 Billion IDR

Market Cap Rank

#25407 Global

#558 in Indonesia

Share Price

Rp510.00

Change (1 day)

+0.99%

52-Week Range

Rp460.00 - Rp810.00

All Time High

Rp844.50