PT Multikarya Asia Pacific Ray (MKAP) - Net Assets
Based on the latest financial reports, PT Multikarya Asia Pacific Ray (MKAP) has net assets worth Rp329.62 Billion IDR (≈ $19.31 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp535.31 Billion ≈ $31.37 Million USD) and total liabilities (Rp205.70 Billion ≈ $12.05 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 PT Multikarya Asia Pacific Ray (MKAP) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp329.62 Billion |
| % of Total Assets | 61.57% |
| Annual Growth Rate | 21.2% |
| 5-Year Change | 132.18% |
| 10-Year Change | N/A |
| Growth Volatility | 24.8 |
PT Multikarya Asia Pacific Ray - Net Assets Trend (2020–2025)
This chart illustrates how PT Multikarya Asia Pacific Ray's net assets have evolved over time, based on quarterly financial data. See PT Multikarya Asia Pacific Ray (MKAP) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PT Multikarya Asia Pacific Ray (2020–2025)
The table below shows the annual net assets of PT Multikarya Asia Pacific Ray from 2020 to 2025. For live valuation and market cap data, see PT Multikarya Asia Pacific Ray (MKAP) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp323.37 Billion ≈ $18.95 Million |
+16.42% |
| 2024-12-31 | Rp277.75 Billion ≈ $16.28 Million |
+69.20% |
| 2023-12-31 | Rp164.16 Billion ≈ $9.62 Million |
+24.20% |
| 2022-12-31 | Rp132.17 Billion ≈ $7.74 Million |
-5.10% |
| 2021-12-31 | Rp139.27 Billion ≈ $8.16 Million |
+12.62% |
| 2020-12-31 | Rp123.67 Billion ≈ $7.25 Million |
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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 grown by 55.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp110.26 Billion | 34.10% |
| Common Stock | Rp162.50 Billion | 50.25% |
| Other Comprehensive Income | Rp10.58 Billion | 3.27% |
| Other Components | Rp40.03 Billion | 12.38% |
| Total Equity | Rp323.37 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 |
|---|---|
|
Gaotu Techedu Inc DRC
NYSE:GOTU
|
$199.09 Million |
|
Rectron Ltd
TW:2302
|
$199.10 Million |
|
Zhonglu Co Ltd A
SHG:600818
|
$199.17 Million |
|
Huons Global Co. Ltd
KQ:084110
|
$199.24 Million |
|
Hanyang Sec
KO:001750
|
$198.83 Million |
|
MAKUS Inc
KQ:093520
|
$198.77 Million |
|
PAMT CORP
NASDAQ:PAMT
|
$198.76 Million |
|
Saksoft Limited
NSE:SAKSOFT
|
$198.73 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 2024 to 2025, total equity changed from 277,754,009,000 to 323,373,678,000, a change of 45,619,669,000 (16.4%).
- Net income of 55,344,177,000 contributed positively to equity growth.
- Dividend payments of 9,743,542,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,190,325,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp55.34 Billion | +17.11% |
| Dividends Paid | Rp9.74 Billion | -3.01% |
| Other Comprehensive Income | Rp1.19 Billion | +0.37% |
| Other Changes | Rp-1.17 Billion | -0.36% |
| Total Change | Rp- | 16.42% |
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: 10.50x
- 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 7.61x to 10.50x 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 | Rp1045.00 | x |
| 2021-12-31 | Rp154.75 | Rp1045.00 | x |
| 2022-12-31 | Rp50.84 | Rp1045.00 | x |
| 2023-12-31 | Rp63.14 | Rp1045.00 | x |
| 2024-12-31 | Rp85.46 | Rp1045.00 | x |
| 2025-12-31 | Rp99.50 | Rp1045.00 | 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): 17.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.64%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.66x
- Recent ROE (17.11%) is above the historical average (10.30%), 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 |
| 2025 | 17.11% | 13.64% | 0.76x | 1.66x | Rp23.01 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: $630,016,631,299
- Average return on equity (ROE) among peers: 5.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Multikarya Asia Pacific Ray (MKAP) | Rp329.62 Billion | 0.87% | 0.62x | $199.01 Million |
| Ratu Prabu Energi Tbk (ARTI) | $721.17 Billion | 3.55% | 1.05x | $183.76K |
| Elnusa Tbk (ELSA) | $2.88 Trillion | 10.80% | 0.46x | $260.87 Million |
| Island Concepts Indonesia Tbk (ICON) | $16.64 Billion | 4.06% | 4.50x | $6.51 Million |
| Mitra International Resources (MIRA) | $9.49 Billion | 0.00% | 11.08x | $5.34 Million |
| Radiant Utama Interinsco Tbk (RUIS) | $261.90 Billion | 11.31% | 3.88x | $8.53 Million |
| Sillo Maritime Perdana Tbk PT (SHIP) | $221.63 Million | 7.86% | 1.18x | $222.32 Million |
| Ginting Jaya Energi (WOWS) | $522.95 Billion | -1.90% | 0.27x | $8.56 Million |
About 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. It provides rental, repair/recertification, maintenance, machining, and general trading services. The company also offers reciprocating, centrifugal, and screw pumps; mud pump part and expendables, centrifugal pump parts, butterfly valves, gate valves, and handling tools… Read more