Sinar Terang Mandiri PT Tbk
PT SINAR TERANG MANDIRI Tbk engaged in mining services, with capabilities that include mining planning, mining infrastructure construction, and mining operations. It offers stone replacement and paving production. The company was founded in 2004 and is based in Jakarta Selatan, Indonesia. PT SINAR TERANG MANDIRI Tbk operates as a subsidiary of PT Mitra Berkarya Sukses Selalu.
Sinar Terang Mandiri PT Tbk (MINE) - Net Assets
Latest net assets as of September 2025: Rp878.14 Billion IDR
Based on the latest financial reports, Sinar Terang Mandiri PT Tbk (MINE) has net assets worth Rp878.14 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 (Rp2.14 Trillion) and total liabilities (Rp1.27 Trillion). 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 | Rp878.14 Billion |
| % of Total Assets | 40.97% |
| Annual Growth Rate | 103.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 41.82 |
Sinar Terang Mandiri PT Tbk - Net Assets Trend (2021–2024)
This chart illustrates how Sinar Terang Mandiri PT 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 Sinar Terang Mandiri PT Tbk (2021–2024)
The table below shows the annual net assets of Sinar Terang Mandiri PT Tbk from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp606.45 Billion | +51.63% |
| 2023-12-31 | Rp399.95 Billion | +118.96% |
| 2022-12-31 | Rp182.66 Billion | +152.16% |
| 2021-12-31 | Rp72.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinar Terang Mandiri PT 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 405.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp254.46 Billion | 41.96% |
| Common Stock | Rp347.18 Billion | 57.25% |
| Other Comprehensive Income | Rp1.83 Billion | 0.30% |
| Other Components | Rp2.98 Billion | 0.49% |
| Total Equity | Rp606.45 Billion | 100.00% |
Sinar Terang Mandiri PT Tbk Competitors by Market Cap
The table below lists competitors of Sinar Terang Mandiri PT Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Punjab Modaraba
KAR:FPJM
|
$198.11 |
|
Québec Nickel Corp
OTCQB:QNICF
|
$198.39 |
|
Faisal Islamic Bank of Egypt - In US Dollars
EGX:FAITA
|
$198.45 |
|
The Arab Ceramic CO.- Ceramica Remas
EGX:CERA
|
$199.15 |
|
Minoan Group
LSE:MIN
|
$197.85 |
|
CHAODA MODERN AGRI
BE:CHA
|
$197.64 |
|
CHINA OIL AND GAS - Dusseldorf Stock Exchang
DU:GPI1
|
$197.15 |
|
Nutri Pharmaceuticals Research Inc
PINK:NRPR
|
$197.02 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinar Terang Mandiri PT Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 399,950,000,000 to 606,449,000,000, a change of 206,499,000,000 (51.6%).
- Net income of 306,142,000,000 contributed positively to equity growth.
- Dividend payments of 100,000,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,833,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp306.14 Billion | +50.48% |
| Dividends Paid | Rp100.00 Billion | -16.49% |
| Other Comprehensive Income | Rp1.83 Billion | +0.3% |
| Other Changes | Rp-1.48 Billion | -0.24% |
| Total Change | Rp- | 51.63% |
Book Value vs Market Value Analysis
This analysis compares Sinar Terang Mandiri PT 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: 2.19x
- 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 19.28x to 2.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | Rp17.74 | Rp342.00 | x |
| 2022-12-31 | Rp44.72 | Rp342.00 | x |
| 2023-12-31 | Rp97.92 | Rp342.00 | x |
| 2024-12-31 | Rp156.29 | Rp342.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinar Terang Mandiri PT 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): 50.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.45%
- • Asset Turnover: 1.31x
- • Equity Multiplier: 2.66x
- Recent ROE (50.48%) is below the historical average (64.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 91.63% | 7.23% | 1.40x | 9.08x | Rp59.14 Billion |
| 2022 | 60.14% | 7.66% | 1.98x | 3.97x | Rp91.58 Billion |
| 2023 | 54.53% | 12.40% | 1.70x | 2.59x | Rp178.11 Billion |
| 2024 | 50.48% | 14.45% | 1.31x | 2.66x | Rp245.50 Billion |
Industry Comparison
This section compares Sinar Terang Mandiri PT Tbk's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $625,322,491,901
- Average return on equity (ROE) among peers: 11.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinar Terang Mandiri PT Tbk (MINE) | Rp878.14 Billion | 91.63% | 1.44x | $197.92 |
| Bumi Resources Minerals Tbk (BRMS) | $-2.84 Billion | 0.00% | 0.00x | $1.23 Billion |
| Cita Mineral Investindo Tbk PT (CITA) | $2.10 Trillion | 29.99% | 0.80x | $76.72 Million |
| Daaz Bara Lestari Tbk (DAAZ) | $1.58 Trillion | 28.79% | 2.25x | $49.60 Million |
| Central Omega Resources Tbk PT (DKFT) | $1.13 Trillion | -4.04% | 0.05x | $81.01 Million |
| Hillcon (HILL) | $-23.50 Billion | 0.00% | 0.00x | $2.42 Million |
| Ifishdeco PT (IFSH) | $838.04 Billion | 9.98% | 0.20x | $42.70 Million |
| Vale Indonesia Tbk (INCO) | $771.12 Million | 3.93% | 0.58x | $805.36 Million |
| Sumber Energi Andalan Tbk PT (ITMA) | $91.38 Million | 34.41% | 0.00x | $16.05 Million |
| Merdeka Copper Gold PT (MDKA) | $2.76 Billion | -0.75% | 0.80x | $2.56 Billion |