PT Multikarya Asia Pacific Ray
PT Multikarya Asia Pasifik Raya Tbk provides products and services to the oil and gas industry in Indonesia and Southeast Asia. The company offers rental, repair/recertification, maintenance, machining, and general trading services. It also provides reciprocating, centrifugal, and screw pumps; mud pump part and expendables, centrifugal pump parts, butterfly valves, gate valves, and handling tools… Read more
PT Multikarya Asia Pacific Ray (MKAP) - Net Assets
Latest net assets as of September 2025: Rp315.06 Billion IDR
Based on the latest financial reports, PT Multikarya Asia Pacific Ray (MKAP) has net assets worth Rp315.06 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 (Rp503.62 Billion) and total liabilities (Rp188.56 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 | Rp315.06 Billion |
| % of Total Assets | 62.56% |
| Annual Growth Rate | 22.42% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.45 |
PT Multikarya Asia Pacific Ray - Net Assets Trend (2020–2024)
This chart illustrates how PT Multikarya Asia Pacific Ray'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 Multikarya Asia Pacific Ray (2020–2024)
The table below shows the annual net assets of PT Multikarya Asia Pacific Ray from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp277.75 Billion | +69.20% |
| 2023-12-31 | Rp164.16 Billion | +24.20% |
| 2022-12-31 | Rp132.17 Billion | -5.10% |
| 2021-12-31 | Rp139.27 Billion | +12.62% |
| 2020-12-31 | Rp123.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Multikarya Asia Pacific Ray'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 decreased by 7.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp65.83 Billion | 23.70% |
| Common Stock | Rp162.50 Billion | 58.51% |
| Other Comprehensive Income | Rp9.39 Billion | 3.38% |
| Other Components | Rp40.03 Billion | 14.41% |
| Total Equity | Rp277.75 Billion | 100.00% |
PT Multikarya Asia Pacific Ray Competitors by Market Cap
The table below lists competitors of PT Multikarya Asia Pacific Ray ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loop Industries Inc
NASDAQ:LOOP
|
$34.98 Million |
|
Sonmez Pamuklu Sanayii AS
IS:SNPAM
|
$34.98 Million |
|
Phunware Inc
NASDAQ:PHUN
|
$34.99 Million |
|
Ringmetall SE
XETRA:HP3A
|
$34.99 Million |
|
Naturhouse Health SA
MC:NTH
|
$34.96 Million |
|
Banco Hipotecario SA
BA:BHIP
|
$34.96 Million |
|
Complex Micro Interconnection Co. Ltd.
TW:6835
|
$34.95 Million |
|
EXACOMPTA CLAIREF. NOM.
F:8KG
|
$34.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Multikarya Asia Pacific Ray's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 164,161,089,000 to 277,754,009,000, a change of 113,592,920,000 (69.2%).
- Net income of 40,675,272,000 contributed positively to equity growth.
- Share repurchases of 74,750,000,000 reduced equity.
- Other comprehensive income increased equity by 1,216,859,000.
- Other factors increased equity by 146,450,789,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp40.68 Billion | +14.64% |
| Share Repurchases | Rp74.75 Billion | -26.91% |
| Other Comprehensive Income | Rp1.22 Billion | +0.44% |
| Other Changes | Rp146.45 Billion | +52.73% |
| Total Change | Rp- | 69.20% |
Book Value vs Market Value Analysis
This analysis compares PT Multikarya Asia Pacific Ray'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: 11.64x
- 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 increased from 7.24x to 11.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | Rp137.41 | Rp995.00 | x |
| 2021-12-31 | Rp154.75 | Rp995.00 | x |
| 2022-12-31 | Rp50.84 | Rp995.00 | x |
| 2023-12-31 | Rp63.14 | Rp995.00 | x |
| 2024-12-31 | Rp85.46 | Rp995.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Multikarya Asia Pacific Ray 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): 14.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.42%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.87x
- Recent ROE (14.64%) is above the historical average (8.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.87% | 0.70% | 0.59x | 2.11x | Rp-11.29 Billion |
| 2021 | 10.78% | 13.41% | 0.43x | 1.85x | Rp1.09 Billion |
| 2022 | -1.25% | -0.85% | 0.82x | 1.80x | Rp-14.87 Billion |
| 2023 | 19.64% | 13.88% | 0.80x | 1.77x | Rp15.82 Billion |
| 2024 | 14.64% | 11.42% | 0.69x | 1.87x | Rp12.90 Billion |
Industry Comparison
This section compares PT Multikarya Asia Pacific Ray's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $350,815,425,609
- Average return on equity (ROE) among peers: 8.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Multikarya Asia Pacific Ray (MKAP) | Rp315.06 Billion | 0.87% | 0.60x | $34.97 Million |
| Ratu Prabu Energi Tbk (ARTI) | $-156.05 Billion | 0.00% | 0.00x | $18.35K |
| Atlantis Subsea Indonesia Tbk Pt (ATLA) | $33.74 Billion | 18.65% | 0.44x | $7.18 Million |
| PT Citra Tubindo Tbk (CTBN) | $83.32 Million | -7.98% | 0.61x | $32.13 Million |
| Elnusa Tbk (ELSA) | $2.88 Trillion | 10.80% | 0.46x | $142.61 Million |
| Island Concepts Indonesia Tbk (ICON) | $156.73 Billion | 0.16% | 1.71x | $2.61 Million |
| Mitra International Resources (MIRA) | $9.49 Billion | 0.00% | 11.08x | $4.63 Million |
| Kian Santang Muliatama Tbk. (RGAS) | $85.38 Billion | 7.59% | 0.06x | $1.75 Million |
| Radiant Utama Interinsco Tbk (RUIS) | $150.20 Billion | 18.43% | 1.20x | $6.39 Million |
| Sillo Maritime Perdana Tbk PT (SHIP) | $24.55 Million | 24.45% | 1.14x | $117.22 Million |