Multi Bintang Indonesia Tbk
PT Multi Bintang Indonesia Tbk operates as a beverage company in Indonesia and internationally. It offers beers under the Heineken, Bintang Pilsner, Bintang Crystal, Bintang Anggur Merah, and Bintang Radler brand names. The company was founded in 1929 and is headquartered in Jakarta, Indonesia. PT Multi Bintang Indonesia Tbk operates as a subsidiary of Heineken International B.V.
Multi Bintang Indonesia Tbk (MLBI) - Net Assets
Latest net assets as of September 2025: Rp1.30 Trillion IDR
Based on the latest financial reports, Multi Bintang Indonesia Tbk (MLBI) has net assets worth Rp1.30 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp3.31 Trillion) and total liabilities (Rp2.01 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 | Rp1.30 Trillion |
| % of Total Assets | 39.27% |
| Annual Growth Rate | 7.84% |
| 5-Year Change | -8.13% |
| 10-Year Change | 71.81% |
| Growth Volatility | 77.13 |
Multi Bintang Indonesia Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Multi Bintang Indonesia 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 Multi Bintang Indonesia Tbk (2000–2024)
The table below shows the annual net assets of Multi Bintang Indonesia Tbk from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp1.32 Trillion | -5.36% |
| 2023-12-31 | Rp1.39 Trillion | +29.65% |
| 2022-12-31 | Rp1.07 Trillion | -2.35% |
| 2021-12-31 | Rp1.10 Trillion | -23.32% |
| 2020-12-31 | Rp1.43 Trillion | +25.08% |
| 2019-12-31 | Rp1.15 Trillion | -1.84% |
| 2018-12-31 | Rp1.17 Trillion | +9.64% |
| 2017-12-31 | Rp1.06 Trillion | +29.77% |
| 2016-12-31 | Rp820.64 Billion | +7.07% |
| 2015-12-31 | Rp766.48 Billion | +38.40% |
| 2014-12-31 | Rp553.80 Billion | -47.74% |
| 2013-12-31 | Rp1.06 Trillion | +24.16% |
| 2013-09-30 | Rp853.43 Billion | +140.15% |
| 2012-12-31 | Rp355.37 Billion | -32.98% |
| 2011-12-31 | Rp530.27 Billion | +12.50% |
| 2010-12-31 | Rp471.37 Billion | +347.46% |
| 2009-12-31 | Rp105.34 Billion | -69.40% |
| 2008-12-31 | Rp344.27 Billion | +74.04% |
| 2007-12-31 | Rp197.81 Billion | -0.36% |
| 2006-12-31 | Rp198.53 Billion | -12.91% |
| 2005-12-31 | Rp227.95 Billion | -8.65% |
| 2004-12-31 | Rp249.55 Billion | -6.99% |
| 2003-12-31 | Rp268.30 Billion | -5.18% |
| 2002-12-31 | Rp282.94 Billion | -3.08% |
| 2001-12-31 | Rp291.93 Billion | +35.71% |
| 2000-12-31 | Rp215.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Multi Bintang Indonesia 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 563.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp1.28 Trillion | 96.91% |
| Common Stock | Rp21.07 Billion | 1.60% |
| Other Comprehensive Income | Rp66.00 Million | 0.01% |
| Other Components | Rp19.51 Billion | 1.48% |
| Total Equity | Rp1.32 Trillion | 100.00% |
Multi Bintang Indonesia Tbk Competitors by Market Cap
The table below lists competitors of Multi Bintang Indonesia Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aluko Co Ltd
KO:001780
|
$75.46 Million |
|
Younited Financial S.A.
F:HT5
|
$75.46 Million |
|
Lucara Diamond Corp
PINK:LUCRF
|
$75.48 Million |
|
Seshasayee Paper and Boards Limited
NSE:SESHAPAPER
|
$75.49 Million |
|
Kyungin Synthe
KO:012610
|
$75.39 Million |
|
7738
TWO:7738
|
$75.33 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
$75.32 Million |
|
Hefei Jingsong Intelligent Technology Co. Ltd. A
SHG:688251
|
$75.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Multi Bintang Indonesia Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,390,685,000,000 to 1,316,167,000,000, a change of -74,518,000,000 (-5.4%).
- Net income of 1,141,948,000,000 contributed positively to equity growth.
- Dividend payments of 1,229,961,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 10,000,000.
- Other factors increased equity by 13,485,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.14 Trillion | +86.76% |
| Dividends Paid | Rp1.23 Trillion | -93.45% |
| Other Comprehensive Income | Rp10.00 Million | +0.0% |
| Other Changes | Rp13.48 Billion | +1.02% |
| Total Change | Rp- | -5.36% |
Book Value vs Market Value Analysis
This analysis compares Multi Bintang Indonesia 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: 8.72x
- 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 decreased from 46.02x to 8.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Rp118.43 | Rp5450.00 | x |
| 2005-12-31 | Rp108.17 | Rp5450.00 | x |
| 2006-12-31 | Rp94.19 | Rp5450.00 | x |
| 2007-12-31 | Rp93.84 | Rp5450.00 | x |
| 2008-12-31 | Rp163.35 | Rp5450.00 | x |
| 2009-12-31 | Rp49.93 | Rp5450.00 | x |
| 2010-12-31 | Rp223.65 | Rp5450.00 | x |
| 2011-12-31 | Rp251.59 | Rp5450.00 | x |
| 2012-12-31 | Rp156.51 | Rp5450.00 | x |
| 2013-12-31 | Rp468.57 | Rp5450.00 | x |
| 2014-12-31 | Rp262.75 | Rp5450.00 | x |
| 2015-12-31 | Rp363.68 | Rp5450.00 | x |
| 2016-12-31 | Rp389.43 | Rp5450.00 | x |
| 2017-12-31 | Rp505.21 | Rp5450.00 | x |
| 2018-12-31 | Rp553.94 | Rp5450.00 | x |
| 2019-12-31 | Rp543.68 | Rp5450.00 | x |
| 2020-12-31 | Rp680.10 | Rp5450.00 | x |
| 2021-12-31 | Rp521.43 | Rp5450.00 | x |
| 2022-12-31 | Rp509.09 | Rp5450.00 | x |
| 2023-12-31 | Rp660.03 | Rp5450.00 | x |
| 2024-12-31 | Rp624.66 | Rp5450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Multi Bintang Indonesia 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): 86.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.75%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.61x
- Recent ROE (86.76%) is below the historical average (87.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 43.57% | 18.44% | 1.17x | 2.02x | Rp72.21 Billion |
| 2001 | 38.99% | 19.97% | 1.10x | 1.77x | Rp84.64 Billion |
| 2002 | 30.06% | 15.68% | 1.14x | 1.68x | Rp56.76 Billion |
| 2003 | 33.63% | 16.03% | 1.17x | 1.80x | Rp63.39 Billion |
| 2004 | 34.99% | 12.28% | 1.29x | 2.22x | Rp62.36 Billion |
| 2005 | 38.18% | 10.21% | 1.48x | 2.52x | Rp64.22 Billion |
| 2006 | 37.08% | 8.26% | 1.46x | 3.08x | Rp53.73 Billion |
| 2007 | 42.68% | 8.62% | 1.57x | 3.14x | Rp64.61 Billion |
| 2008 | 64.59% | 16.77% | 1.41x | 2.74x | Rp187.89 Billion |
| 2009 | 323.60% | 21.06% | 1.63x | 9.44x | Rp329.94 Billion |
| 2010 | 93.99% | 24.74% | 1.57x | 2.41x | Rp395.79 Billion |
| 2011 | 95.69% | 27.29% | 1.52x | 2.30x | Rp454.23 Billion |
| 2012 | 201.46% | 30.16% | 1.91x | 3.49x | Rp631.39 Billion |
| 2013 | 98.41% | 31.48% | 1.47x | 2.13x | Rp754.33 Billion |
| 2013 | 94.89% | 32.87% | 1.60x | 1.81x | Rp838.06 Billion |
| 2014 | 143.55% | 26.59% | 1.34x | 4.03x | Rp739.35 Billion |
| 2015 | 64.82% | 18.42% | 1.28x | 2.74x | Rp420.09 Billion |
| 2016 | 119.66% | 30.09% | 1.43x | 2.77x | Rp899.77 Billion |
| 2017 | 124.17% | 38.99% | 1.35x | 2.36x | Rp1.22 Trillion |
| 2018 | 104.92% | 33.55% | 1.26x | 2.48x | Rp1.11 Trillion |
| 2019 | 105.26% | 32.49% | 1.28x | 2.53x | Rp1.09 Trillion |
| 2020 | 19.94% | 14.39% | 0.68x | 2.03x | Rp142.37 Billion |
| 2021 | 60.59% | 26.91% | 0.85x | 2.66x | Rp555.82 Billion |
| 2022 | 86.21% | 29.69% | 0.92x | 3.15x | Rp817.50 Billion |
| 2023 | 76.67% | 32.09% | 0.98x | 2.45x | Rp927.11 Billion |
| 2024 | 86.76% | 33.75% | 0.98x | 2.61x | Rp1.01 Trillion |
Industry Comparison
This section compares Multi Bintang Indonesia Tbk's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $405,750,563,585
- Average return on equity (ROE) among peers: 12.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Multi Bintang Indonesia Tbk (MLBI) | Rp1.30 Trillion | 43.57% | 1.55x | $75.39 Million |
| Delta Djakarta Tbk (DLTA) | $676.56 Billion | 39.09% | 0.28x | $14.71 Million |
| PT Lovina Beach Brewery Tbk (STRK) | $134.94 Billion | -13.38% | 0.10x | $29.15 Million |