City Retail Developments Tbk PT (NIRO) - Net Assets
Based on the latest financial reports, City Retail Developments Tbk PT (NIRO) has net assets worth Rp5.00 Trillion IDR (≈ $292.70 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp14.40 Trillion ≈ $843.88 Million USD) and total liabilities (Rp9.41 Trillion ≈ $551.19 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 City Retail Developments Tbk PT liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp5.00 Trillion |
| % of Total Assets | 34.68% |
| Annual Growth Rate | 88.98% |
| 5-Year Change | -19.59% |
| 10-Year Change | 92.07% |
| Growth Volatility | 43323.9 |
City Retail Developments Tbk PT - Net Assets Trend (2010–2024)
This chart illustrates how City Retail Developments Tbk PT's net assets have evolved over time, based on quarterly financial data. Also explore NIRO total asset value for the complete picture of this company's asset base.
Annual Net Assets for City Retail Developments Tbk PT (2010–2024)
The table below shows the annual net assets of City Retail Developments Tbk PT from 2010 to 2024. For live valuation and market cap data, see City Retail Developments Tbk PT (NIRO) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp5.30 Trillion ≈ $310.45 Million |
-8.76% |
| 2023-12-31 | Rp5.81 Trillion ≈ $340.26 Million |
-4.63% |
| 2022-12-31 | Rp6.09 Trillion ≈ $356.79 Million |
-5.26% |
| 2021-12-31 | Rp6.43 Trillion ≈ $376.61 Million |
-2.46% |
| 2020-12-31 | Rp6.59 Trillion ≈ $386.11 Million |
+2.35% |
| 2019-12-31 | Rp6.44 Trillion ≈ $377.26 Million |
+5.29% |
| 2018-12-31 | Rp6.12 Trillion ≈ $358.32 Million |
+67.27% |
| 2017-12-31 | Rp3.66 Trillion ≈ $214.21 Million |
+22.94% |
| 2016-12-31 | Rp2.97 Trillion ≈ $174.25 Million |
+7.80% |
| 2015-12-31 | Rp2.76 Trillion ≈ $161.64 Million |
+58.51% |
| 2014-12-31 | Rp1.74 Trillion ≈ $101.97 Million |
-5.95% |
| 2013-12-31 | Rp1.85 Trillion ≈ $108.42 Million |
+0.57% |
| 2012-12-31 | Rp1.84 Trillion ≈ $107.81 Million |
+52.97% |
| 2011-12-31 | Rp1.20 Trillion ≈ $70.48 Million |
+168237.08% |
| 2010-12-31 | Rp714.50 Million ≈ $41.87K |
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Equity Component Analysis
This analysis shows how different components contribute to City Retail Developments Tbk PT'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 253476.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rp2.22 Trillion | 116.77% |
| Other Comprehensive Income | Rp664.53 Million | 0.03% |
| Other Components | Rp51.45 Billion | 2.71% |
| Total Equity | Rp1.90 Trillion | 100.00% |
City Retail Developments Tbk PT Competitors by Market Cap
The table below lists competitors of City Retail Developments Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Horizon Oil Ltd
AU:HZN
|
$270.63 Million |
|
US Gold Corp
NASDAQ:USAU
|
$270.85 Million |
|
SimilarWeb Ltd
NYSE:SMWB
|
$270.92 Million |
|
Vivotek Inc
TW:3454
|
$271.10 Million |
|
Zhonglu Co Ltd A
SHG:600818
|
$270.56 Million |
|
American Oncology Network Inc.
NASDAQ:AONC
|
$270.55 Million |
|
Icelandic Salmon As
OL:ISLAX
|
$270.42 Million |
|
Dharma Polimetal Tbk PT
JK:DRMA
|
$270.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in City Retail Developments Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,096,994,474,220 to 1,901,019,625,000, a change of -195,974,849,220 (-9.3%).
- Net loss of 194,702,814,000 reduced equity.
- Other comprehensive income decreased equity by 1,263,838,285.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-194.70 Billion | -10.24% |
| Other Comprehensive Income | Rp-1.26 Billion | -0.07% |
| Other Changes | Rp-8.20 Million | -0.0% |
| Total Change | Rp- | -9.35% |
Book Value vs Market Value Analysis
This analysis compares City Retail Developments Tbk PT'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: 2.43x
- 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 3.12x to 2.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | Rp66.71 | Rp208.00 | x |
| 2012-12-31 | Rp199.72 | Rp208.00 | x |
| 2013-12-31 | Rp88.48 | Rp208.00 | x |
| 2014-12-31 | Rp91.89 | Rp208.00 | x |
| 2015-12-31 | Rp118.74 | Rp208.00 | x |
| 2016-12-31 | Rp95.30 | Rp208.00 | x |
| 2017-12-31 | Rp94.79 | Rp208.00 | x |
| 2018-12-31 | Rp92.39 | Rp208.00 | x |
| 2019-12-31 | Rp105.36 | Rp208.00 | x |
| 2020-12-31 | Rp107.87 | Rp208.00 | x |
| 2021-12-31 | Rp105.24 | Rp208.00 | x |
| 2022-12-31 | Rp97.65 | Rp208.00 | x |
| 2023-12-31 | Rp94.46 | Rp208.00 | x |
| 2024-12-31 | Rp85.64 | Rp208.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently City Retail Developments Tbk PT 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): -10.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.92%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 7.64x
- Recent ROE (-10.24%) is below the historical average (-3.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.01% | 3.49% | 0.00x | 1.75x | Rp-119.97 Billion |
| 2012 | 1.35% | 26.27% | 0.03x | 1.47x | Rp-158.97 Billion |
| 2013 | 0.34% | 2.42% | 0.09x | 1.60x | Rp-178.33 Billion |
| 2014 | -6.25% | -44.26% | 0.08x | 1.75x | Rp-282.47 Billion |
| 2015 | -0.82% | -3.84% | 0.16x | 1.32x | Rp-257.05 Billion |
| 2016 | -1.76% | -14.12% | 0.07x | 1.79x | Rp-248.78 Billion |
| 2017 | -0.37% | -2.07% | 0.08x | 2.32x | Rp-218.31 Billion |
| 2018 | -2.60% | -11.58% | 0.06x | 3.68x | Rp-258.51 Billion |
| 2019 | -1.81% | -8.25% | 0.06x | 3.52x | Rp-276.17 Billion |
| 2020 | 6.59% | 29.81% | 0.05x | 4.43x | Rp-81.67 Billion |
| 2021 | -7.03% | -22.40% | 0.06x | 5.00x | Rp-397.75 Billion |
| 2022 | -16.40% | -39.13% | 0.07x | 5.97x | Rp-572.26 Billion |
| 2023 | -3.35% | -6.13% | 0.08x | 6.48x | Rp-279.95 Billion |
| 2024 | -10.24% | -14.92% | 0.09x | 7.64x | Rp-384.80 Billion |
Industry Comparison
This section compares City Retail Developments Tbk PT's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,105,375,581,718
- Average return on equity (ROE) among peers: 0.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| City Retail Developments Tbk PT (NIRO) | Rp5.00 Trillion | 0.01% | 1.88x | $270.56 Million |
| Bekasi Fajar Industrial Estate (BEST) | $4.37 Trillion | 0.90% | 0.36x | $62.18 Million |
| Bukit Darmo Property Tbk (BKDP) | $381.91 Billion | -9.06% | 0.99x | $33.02 Million |
| Diamond Citra Propertindo PT (DADA) | $344.55 Billion | 0.26% | 0.92x | $21.77 Million |
| Duta Anggada Realty Tbk (DART) | $1.44 Trillion | -20.58% | 3.31x | $29.64 Million |
| PT Dafam Property Indonesia Tbk (DFAM) | $-87.89 Billion | 0.00% | 0.00x | $11.80 Million |
| Bakrieland Development Tbk (ELTY) | $6.13 Trillion | -17.60% | 0.41x | $3.53 Million |
| Megapolitan Developments Tbk (EMDE) | $1.88 Trillion | 27.85% | 0.99x | $15.51 Million |
| Indonesian Paradise Property (INPP) | $4.09 Trillion | 4.16% | 0.26x | $524.18 Million |
| Era Graharealty PT Tbk (IPAC) | $34.73 Billion | 8.52% | 0.28x | $8.24 Million |
| Jakarta Setiabudi Internasional (JSPT) | $2.47 Trillion | 7.15% | 0.49x | $193.61 Million |
About City Retail Developments Tbk PT
PT City Retail Developments Tbk, through its subsidiaries, owns, develops, and operates shopping malls in Indonesia. It operates through Shopping Mall, Hotel, Shophouse, and Others segments. The company also engages in the building construction; rental; shopping mall and hotel management activities, as well as investment business. Its real estate portfolio includes land kavling, condotel, and sho… Read more