Pikko Land Development Tbk
PT Pikko Land Development Tbk develops and sells real estate properties in Indonesia. It also invests in shares of stocks, as well as various property assets, such as land and apartment units. The company was formerly known as PT Royal Oak Development Asia Tbk and changed its name to PT Pikko Land Development Tbk in October 2012. PT Pikko Land Development Tbk was founded in 1984 and is headquarte… Read more
Pikko Land Development Tbk (RODA) - Net Assets
Latest net assets as of September 2025: Rp2.09 Trillion IDR
Based on the latest financial reports, Pikko Land Development Tbk (RODA) has net assets worth Rp2.09 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 (Rp3.35 Trillion) and total liabilities (Rp1.26 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 | Rp2.09 Trillion |
| % of Total Assets | 62.45% |
| Annual Growth Rate | 15.68% |
| 5-Year Change | -3.67% |
| 10-Year Change | -15.44% |
| Growth Volatility | 360.85 |
Pikko Land Development Tbk - Net Assets Trend (2001–2024)
This chart illustrates how Pikko Land Development 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 Pikko Land Development Tbk (2001–2024)
The table below shows the annual net assets of Pikko Land Development Tbk from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp2.12 Trillion | -2.64% |
| 2023-12-31 | Rp2.18 Trillion | -1.81% |
| 2022-12-31 | Rp2.22 Trillion | -0.52% |
| 2021-12-31 | Rp2.23 Trillion | +1.29% |
| 2020-12-31 | Rp2.20 Trillion | -9.47% |
| 2019-12-31 | Rp2.43 Trillion | -10.79% |
| 2018-12-31 | Rp2.73 Trillion | -0.34% |
| 2017-12-31 | Rp2.74 Trillion | -1.12% |
| 2016-12-31 | Rp2.77 Trillion | +10.30% |
| 2015-12-31 | Rp2.51 Trillion | +19.19% |
| 2014-12-31 | Rp2.10 Trillion | +22.26% |
| 2013-12-31 | Rp1.72 Trillion | +25.61% |
| 2012-12-31 | Rp1.37 Trillion | -3.38% |
| 2011-12-31 | Rp1.42 Trillion | +8.59% |
| 2010-12-31 | Rp1.31 Trillion | -0.68% |
| 2009-12-31 | Rp1.31 Trillion | -0.17% |
| 2008-12-31 | Rp1.32 Trillion | +1771.24% |
| 2007-12-31 | Rp70.39 Billion | -0.36% |
| 2006-12-31 | Rp70.64 Billion | +0.35% |
| 2005-12-31 | Rp70.40 Billion | -2.05% |
| 2004-12-31 | Rp71.87 Billion | -1.41% |
| 2003-12-31 | Rp72.90 Billion | -1.78% |
| 2002-12-31 | Rp74.22 Billion | -0.27% |
| 2001-12-31 | Rp74.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pikko Land Development 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 4404.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp598.66 Billion | 30.79% |
| Common Stock | Rp1.36 Trillion | 69.91% |
| Other Comprehensive Income | Rp463.10 Million | 0.02% |
| Total Equity | Rp1.94 Trillion | 100.00% |
Pikko Land Development Tbk Competitors by Market Cap
The table below lists competitors of Pikko Land Development Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electra Real Estate Ltd
TA:ELCRE
|
$8.55 Million |
|
Seoul Electronics & Telecom Co. Ltd
KQ:027040
|
$8.55 Million |
|
Eurotel SA
WAR:ETL
|
$8.56 Million |
|
Retractable Technologies Inc
NYSE MKT:RVP
|
$8.56 Million |
|
Anabatic Technologies Tbk PT
JK:ATIC
|
$8.54 Million |
|
HLscience Co. Ltd
KQ:239610
|
$8.54 Million |
|
Eksun Gida Tarim Sanayi ve Ticaret A.S.
IS:EKSUN
|
$8.54 Million |
|
Softtech Engineers Limited
NSE:SOFTTECH
|
$8.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pikko Land Development Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,007,647,455,000 to 1,944,153,909,000, a change of -63,493,546,000 (-3.2%).
- Net loss of 61,925,199,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-61.93 Billion | -3.19% |
| Other Changes | Rp-1.57 Billion | -0.08% |
| Total Change | Rp- | -3.16% |
Book Value vs Market Value Analysis
This analysis compares Pikko Land Development 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: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.57x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Rp99.19 | Rp57.00 | x |
| 2009-12-31 | Rp99.07 | Rp57.00 | x |
| 2010-12-31 | Rp97.05 | Rp57.00 | x |
| 2011-12-31 | Rp96.98 | Rp57.00 | x |
| 2012-12-31 | Rp96.86 | Rp57.00 | x |
| 2013-12-31 | Rp118.75 | Rp57.00 | x |
| 2014-12-31 | Rp150.11 | Rp57.00 | x |
| 2015-12-31 | Rp168.26 | Rp57.00 | x |
| 2016-12-31 | Rp180.86 | Rp57.00 | x |
| 2017-12-31 | Rp177.37 | Rp57.00 | x |
| 2018-12-31 | Rp177.32 | Rp57.00 | x |
| 2019-12-31 | Rp165.99 | Rp57.00 | x |
| 2020-12-31 | Rp152.22 | Rp57.00 | x |
| 2021-12-31 | Rp153.06 | Rp57.00 | x |
| 2022-12-31 | Rp150.44 | Rp57.00 | x |
| 2023-12-31 | Rp147.71 | Rp57.00 | x |
| 2024-12-31 | Rp143.04 | Rp57.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pikko Land Development 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): -3.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -73.30%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.73x
- Recent ROE (-3.19%) is below the historical average (2.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 10.54% | 546.39% | 0.02x | 1.28x | Rp402.18 Million |
| 2006 | 0.34% | 2.61% | 0.13x | 1.03x | Rp-6.82 Billion |
| 2008 | -0.07% | -8.70% | 0.01x | 1.01x | Rp-132.64 Billion |
| 2009 | 0.03% | 1.44% | 0.02x | 1.15x | Rp-129.56 Billion |
| 2010 | -0.72% | 0.00% | 0.00x | 1.01x | Rp-140.02 Billion |
| 2011 | 0.93% | 7.20% | 0.08x | 1.69x | Rp-119.59 Billion |
| 2012 | 5.36% | 33.54% | 0.09x | 1.85x | Rp-61.08 Billion |
| 2013 | 17.72% | 44.68% | 0.23x | 1.70x | Rp124.56 Billion |
| 2014 | 20.88% | 62.20% | 0.22x | 1.50x | Rp222.04 Billion |
| 2015 | 10.68% | 23.14% | 0.33x | 1.41x | Rp15.59 Billion |
| 2016 | 0.03% | 0.14% | 0.15x | 1.39x | Rp-245.12 Billion |
| 2017 | 0.81% | 6.72% | 0.08x | 1.47x | Rp-221.51 Billion |
| 2018 | 0.06% | 0.66% | 0.06x | 1.65x | Rp-239.47 Billion |
| 2019 | -6.84% | -48.27% | 0.08x | 1.73x | Rp-379.96 Billion |
| 2020 | -6.15% | -111.44% | 0.03x | 1.90x | Rp-334.09 Billion |
| 2021 | 0.36% | 1.46% | 0.14x | 1.75x | Rp-200.58 Billion |
| 2022 | -1.76% | -19.51% | 0.05x | 1.73x | Rp-240.46 Billion |
| 2023 | -1.76% | -34.65% | 0.03x | 1.69x | Rp-236.05 Billion |
| 2024 | -3.19% | -73.30% | 0.03x | 1.73x | Rp-256.34 Billion |
Industry Comparison
This section compares Pikko Land Development Tbk's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,998,725,518,942
- Average return on equity (ROE) among peers: 4.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pikko Land Development Tbk (RODA) | Rp2.09 Trillion | 10.54% | 0.60x | $8.55 Million |
| Adhi Commuter Properti Tbk PT (ADCP) | $2.57 Trillion | 4.51% | 1.58x | $6.68 Million |
| Makmur Berkah Amanda Pt (AMAN) | $709.54 Billion | 7.78% | 0.53x | $8.15 Million |
| Agung Podomoro Land Tbk (APLN) | $6.35 Trillion | 12.79% | 1.39x | $21.65 Million |
| Alam Sutera Realty Tbk (ASRI) | $2.79 Trillion | 21.63% | 1.16x | $78.83 Million |
| Bekasi Asri Pemula Tbk (BAPA) | $128.84 Billion | -2.88% | 0.05x | $1.06 Million |
| Bhakti Agung Propertindo (BAPI) | $428.73 Billion | -0.57% | 0.46x | $2.99 Million |
| Bumi Citra Permai Tbk (BCIP) | $73.69 Billion | 2.96% | 0.68x | $3.82 Million |
| Binakarya Jaya Abadi Tbk PT (BIKA) | $695.65 Billion | -3.52% | 2.41x | $556.90K |
| Sentul City Tbk (BKSL) | $4.59 Trillion | 2.95% | 0.15x | $112.63 Million |
| Wulandari Bangun Laksana (BSBK) | $1.65 Trillion | 0.24% | 0.53x | $13.48 Million |