Pioneerindo Gourmet International (PTSP) - Net Assets
Based on the latest financial reports, Pioneerindo Gourmet International (PTSP) has net assets worth Rp203.40 Billion IDR (≈ $11.92 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 (Rp391.59 Billion ≈ $22.95 Million USD) and total liabilities (Rp188.19 Billion ≈ $11.03 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 how tangible is Pioneerindo Gourmet International's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp203.40 Billion |
| % of Total Assets | 51.94% |
| Annual Growth Rate | 14.45% |
| 5-Year Change | 44.07% |
| 10-Year Change | 35.89% |
| Growth Volatility | 31.71 |
Pioneerindo Gourmet International - Net Assets Trend (2009–2025)
This chart illustrates how Pioneerindo Gourmet International's net assets have evolved over time, based on quarterly financial data. See Pioneerindo Gourmet International (PTSP) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pioneerindo Gourmet International (2009–2025)
The table below shows the annual net assets of Pioneerindo Gourmet International from 2009 to 2025. For live valuation and market cap data, see PTSP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp184.23 Billion ≈ $10.80 Million |
+9.97% |
| 2024-12-31 | Rp167.53 Billion ≈ $9.82 Million |
+11.06% |
| 2023-12-31 | Rp150.85 Billion ≈ $8.84 Million |
+11.68% |
| 2022-12-31 | Rp135.08 Billion ≈ $7.91 Million |
+5.63% |
| 2021-12-31 | Rp127.88 Billion ≈ $7.49 Million |
-12.12% |
| 2020-12-31 | Rp145.51 Billion ≈ $8.53 Million |
-23.58% |
| 2019-12-31 | Rp190.42 Billion ≈ $11.16 Million |
+15.72% |
| 2018-12-31 | Rp164.55 Billion ≈ $9.64 Million |
+11.61% |
| 2017-12-31 | Rp147.44 Billion ≈ $8.64 Million |
+8.75% |
| 2016-12-31 | Rp135.57 Billion ≈ $7.94 Million |
+0.93% |
| 2015-12-31 | Rp134.32 Billion ≈ $7.87 Million |
-16.73% |
| 2014-12-31 | Rp161.31 Billion ≈ $9.45 Million |
+3.26% |
| 2013-12-31 | Rp156.21 Billion ≈ $9.15 Million |
+31.45% |
| 2012-12-31 | Rp118.84 Billion ≈ $6.96 Million |
+69.26% |
| 2011-12-31 | Rp70.21 Billion ≈ $4.11 Million |
+70.26% |
| 2010-12-31 | Rp41.24 Billion ≈ $2.42 Million |
+93.89% |
| 2009-12-31 | Rp21.27 Billion ≈ $1.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pioneerindo Gourmet International'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 16351053695100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp62.78 Billion | 37.00% |
| Common Stock | Rp110.40 Billion | 65.06% |
| Other Comprehensive Income | Rp-10.28 Billion | -6.06% |
| Other Components | Rp6.80 Billion | 4.01% |
| Total Equity | Rp169.70 Billion | 100.00% |
Pioneerindo Gourmet International Competitors by Market Cap
The table below lists competitors of Pioneerindo Gourmet International ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Connexion Mobility Ltd
AU:CXZ
|
$11.84 Million |
|
Biofrontera Inc
NASDAQ:BFRI
|
$11.85 Million |
|
S F Capital Bhd
KLSE:8745
|
$11.86 Million |
|
Electric Royalties Ltd
V:ELEC
|
$11.86 Million |
|
Value8 N.V
AS:PREVA
|
$11.84 Million |
|
Multibax Public Company Limited
BK:MBAX
|
$11.83 Million |
|
Cellectar Biosciences Inc
NASDAQ:CLRB
|
$11.83 Million |
|
Avicanna Inc
TO:AVCN
|
$11.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pioneerindo Gourmet International's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 151,670,630,000 to 169,704,834,000, a change of 18,034,204,000 (11.9%).
- Net income of 19,380,585,000 contributed positively to equity growth.
- Dividend payments of 2,450,000,000 reduced retained earnings.
- Share repurchases of 350,000,000 reduced equity.
- New share issuances of 350,000,000 increased equity.
- Other comprehensive income decreased equity by 1,346,381,000.
- Other factors increased equity by 2,450,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp19.38 Billion | +11.42% |
| Dividends Paid | Rp2.45 Billion | -1.44% |
| Share Repurchases | Rp350.00 Million | -0.21% |
| Share Issuances | Rp350.00 Million | +0.21% |
| Other Comprehensive Income | Rp-1.35 Billion | -0.79% |
| Other Changes | Rp2.45 Billion | +1.44% |
| Total Change | Rp- | 11.89% |
Book Value vs Market Value Analysis
This analysis compares Pioneerindo Gourmet International'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: 1.19x
- 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 11.84x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | Rp77.31 | Rp915.00 | x |
| 2010-12-31 | Rp164.94 | Rp915.00 | x |
| 2011-12-31 | Rp295.14 | Rp915.00 | x |
| 2012-12-31 | Rp508.97 | Rp915.00 | x |
| 2013-12-31 | Rp669.74 | Rp915.00 | x |
| 2014-12-31 | Rp683.29 | Rp915.00 | x |
| 2015-12-31 | Rp560.37 | Rp915.00 | x |
| 2016-12-31 | Rp565.70 | Rp915.00 | x |
| 2017-12-31 | Rp605.93 | Rp915.00 | x |
| 2018-12-31 | Rp674.67 | Rp915.00 | x |
| 2019-12-31 | Rp777.67 | Rp915.00 | x |
| 2020-12-31 | Rp565.55 | Rp915.00 | x |
| 2021-12-31 | Rp485.83 | Rp915.00 | x |
| 2022-12-31 | Rp525.31 | Rp915.00 | x |
| 2023-12-31 | Rp601.30 | Rp915.00 | x |
| 2024-12-31 | Rp686.89 | Rp915.00 | x |
| 2025-12-31 | Rp768.56 | Rp915.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pioneerindo Gourmet International 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): 11.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.76%
- • Asset Turnover: 1.98x
- • Equity Multiplier: 2.09x
- Recent ROE (11.42%) is below the historical average (13.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 64.14% | 4.83% | 2.49x | 5.34x | Rp9.24 Billion |
| 2010 | 43.29% | 6.37% | 2.27x | 2.99x | Rp12.12 Billion |
| 2011 | 39.76% | 8.86% | 2.19x | 2.05x | Rp19.39 Billion |
| 2012 | 30.58% | 9.72% | 1.74x | 1.81x | Rp23.13 Billion |
| 2013 | 15.87% | 6.01% | 1.56x | 1.70x | Rp8.68 Billion |
| 2014 | 12.85% | 5.15% | 1.28x | 1.95x | Rp4.30 Billion |
| 2015 | -2.74% | -0.84% | 1.40x | 2.33x | Rp-15.76 Billion |
| 2016 | 2.05% | 0.54% | 1.63x | 2.32x | Rp-9.93 Billion |
| 2017 | 5.89% | 1.47% | 1.75x | 2.29x | Rp-5.50 Billion |
| 2018 | 11.59% | 2.76% | 2.03x | 2.07x | Rp2.37 Billion |
| 2019 | 14.97% | 3.57% | 2.05x | 2.05x | Rp8.54 Billion |
| 2020 | -39.25% | -13.15% | 0.98x | 3.05x | Rp-61.50 Billion |
| 2021 | -16.42% | -4.16% | 1.31x | 3.01x | Rp-28.35 Billion |
| 2022 | 7.52% | 1.57% | 1.90x | 2.51x | Rp-2.88 Billion |
| 2023 | 12.09% | 2.57% | 1.90x | 2.48x | Rp2.78 Billion |
| 2024 | 13.87% | 3.04% | 2.01x | 2.26x | Rp5.87 Billion |
| 2025 | 11.42% | 2.76% | 1.98x | 2.09x | Rp2.41 Billion |
Industry Comparison
This section compares Pioneerindo Gourmet International's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $424,252,778,540
- Average return on equity (ROE) among peers: -2.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pioneerindo Gourmet International (PTSP) | Rp203.40 Billion | 64.14% | 0.93x | $11.84 Million |
| Cipta Selera Murni Pt (CSMI) | $19.78 Billion | -67.22% | 4.15x | $3.44 Million |
| PT Jaya Bersama Indo Tbk (DUCK) | $153.29 Billion | 13.15% | 1.29x | $13.23 Million |
| Champ Resto Indonesia PT (ENAK) | $283.64 Billion | 6.29% | 2.84x | $35.29 Million |
| Fast Food Indonesia Tbk (FAST) | $377.36 Billion | 27.17% | 0.67x | $63.57 Million |
| PT Indo Boga Sukses Tbk (IBOS) | $327.16 Billion | 2.16% | 0.13x | $38.28 Million |
| Lima Dua Lima Tiga PT (LUCY) | $47.37 Billion | 12.05% | 0.81x | $133.58 Million |
| Map Boga Adiperkasa Tbk PT (MAPB) | $1.02 Trillion | -16.16% | 1.39x | $144.12 Million |
| PT Sarimelati Kencana Tbk (PZZA) | $1.17 Trillion | 4.29% | 0.90x | $33.11 Million |
About Pioneerindo Gourmet International
PT Pioneerindo Gourmet International Tbk, together with its subsidiaries, operates a chain of restaurants in Indonesia. The company operates restaurants under the California Fried Chicken, Sapo Oriental, and Cal Donat trademarks; fried chicken restaurant; and ramen noodle restaurant under the Sugakiya brand name. It offers its services through its owned and franchised outlets. The company was for… Read more