Steady Safe TBK PT

JK:SAFE Indonesia Railroads
Market Cap
$20.09 Million
Rp326.84 Billion IDR
Market Cap Rank
#33989 Global
#753 in Indonesia
Share Price
Rp398.00
Change (1 day)
+3.65%
52-Week Range
Rp159.00 - Rp440.00
All Time High
Rp484.00
Categories
Companies in Indonesia Railroads
About

PT Steady Safe Tbk provides bus transportation services in Indonesia. The company operates in two segments, Land Transportation and Financial Services. It also engages in the provision of financing, limousine rental, and taxi services. The company was formerly known as PT. Tanda Widjaja Sakti and changed its name to PT Steady Safe Tbk in December 1993. PT Steady Safe Tbk was founded in 1971 and i… Read more

Steady Safe TBK PT (SAFE) - Net Assets

Latest net assets as of September 2025: Rp19.76 Billion IDR

Based on the latest financial reports, Steady Safe TBK PT (SAFE) has net assets worth Rp19.76 Billion IDR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp206.24 Billion) and total liabilities (Rp186.48 Billion). 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 Rp19.76 Billion
% of Total Assets 9.58%
Annual Growth Rate N/A
5-Year Change N/A
10-Year Change N/A
Growth Volatility 174.29

Steady Safe TBK PT - Net Assets Trend (2000–2024)

This chart illustrates how Steady Safe TBK PT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Steady Safe TBK PT (2000–2024)

The table below shows the annual net assets of Steady Safe TBK PT from 2000 to 2024.

Year Net Assets Change
2024-12-31 Rp-10.97 Billion +71.30%
2023-12-31 Rp-38.24 Billion +33.83%
2022-12-31 Rp-57.79 Billion +15.30%
2021-12-31 Rp-68.24 Billion +0.99%
2020-12-31 Rp-68.92 Billion -33.81%
2019-12-31 Rp-51.50 Billion +15.04%
2018-12-31 Rp-60.62 Billion -51.37%
2017-12-31 Rp-40.05 Billion -23.54%
2016-12-31 Rp-32.42 Billion +57.14%
2015-12-31 Rp-75.64 Billion -1.29%
2014-12-31 Rp-74.67 Billion +5.67%
2013-12-31 Rp-79.16 Billion +5.58%
2012-12-31 Rp-83.84 Billion -8.12%
2011-12-31 Rp-77.54 Billion -12.15%
2010-12-31 Rp-69.14 Billion +3.43%
2009-12-31 Rp-71.59 Billion -49.77%
2008-12-31 Rp-47.80 Billion +38.78%
2007-12-31 Rp-78.08 Billion -24.25%
2006-12-31 Rp-62.84 Billion -162.99%
2005-12-31 Rp-23.89 Billion -374.16%
2004-12-31 Rp8.72 Billion -43.87%
2003-12-31 Rp15.53 Billion +25.24%
2002-12-31 Rp12.40 Billion +100.51%
2001-12-31 Rp-2.43 Trillion -4.13%
2000-12-31 Rp-2.33 Trillion --

Equity Component Analysis

This analysis shows how different components contribute to Steady Safe 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 73647990100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock Rp218.23 Billion %
Other Comprehensive Income Rp1.43 Billion %
Other Components Rp506.31 Billion %
Total Equity Rp-10.50 Billion 100.00%

Steady Safe TBK PT Competitors by Market Cap

The table below lists competitors of Steady Safe TBK PT ranked by their market capitalization.

Company Market Cap
Power REIT
NYSE MKT:PW
 		$2.18 Million
WESTERN DIGITAL
MU:WDC
 		$2.19 Million
Guard Therapeutics International AB
ST:GUARD
 		$2.19 Million
Image Systems AB
ST:IS
 		$2.19 Million
Darelle Online Solutions Inc
V:DAR
 		$2.18 Million
Ecoscience International Berhad
KLSE:0255
 		$2.18 Million
PT Mitra Tirta Buwana Tbk
JK:SOUL
 		$2.18 Million
Hong Kong Pharma Digital Technology Holdings Limited Ordinary shares
NASDAQ:HKPD
 		$2.18 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Steady Safe TBK PT's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from -37,768,867,000 to -10,502,349,000, a change of 27,266,518,000.
  • Net income of 27,302,926,000 contributed positively to equity growth.
  • Other comprehensive income increased equity by 963,592,000.
  • Other factors decreased equity by 1,000,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Rp27.30 Billion +259.97%
Other Comprehensive Income Rp963.59 Million +9.18%
Other Changes Rp-1.00 Billion -9.52%
Total Change Rp- %

Book Value vs Market Value Analysis

This analysis compares Steady Safe 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

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2009-12-31 Rp-185.61 Rp398.00 x
2010-12-31 Rp-177.04 Rp398.00 x
2011-12-31 Rp-203.69 Rp398.00 x
2012-12-31 Rp-212.96 Rp398.00 x
2013-12-31 Rp-201.06 Rp398.00 x
2014-12-31 Rp-192.65 Rp398.00 x
2015-12-31 Rp-191.90 Rp398.00 x
2016-12-31 Rp-51.94 Rp398.00 x
2017-12-31 Rp-64.34 Rp398.00 x
2018-12-31 Rp-97.78 Rp398.00 x
2019-12-31 Rp-82.96 Rp398.00 x
2020-12-31 Rp-111.27 Rp398.00 x
2021-12-31 Rp-110.16 Rp398.00 x
2022-12-31 Rp-93.18 Rp398.00 x
2023-12-31 Rp-61.40 Rp398.00 x
2024-12-31 Rp-17.07 Rp398.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Steady Safe 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): 0.00%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.69%
  • • Asset Turnover: 1.14x
  • • Equity Multiplier: 0.00x
  • Recent ROE (0.00%) is below the historical average (0.59%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 9.95% 4.14% 0.14x 17.54x Rp-8.31 Million
2009 0.00% -46.54% 0.45x 0.00x Rp-17.03 Billion
2010 0.00% 7.44% 0.51x 0.00x Rp10.21 Billion
2011 0.00% -21.86% 0.63x 0.00x Rp-559.55 Million
2012 0.00% -23.44% 0.65x 0.00x Rp2.04 Billion
2013 0.00% 22.71% 1.43x 0.00x Rp12.56 Billion
2014 0.00% 28.00% 1.44x 0.00x Rp11.93 Billion
2015 0.00% 10.90% 1.13x 0.00x Rp8.79 Billion
2016 0.00% 1946.17% 0.11x 0.00x Rp23.91 Billion
2017 0.00% 0.00% 0.00x 0.00x Rp-4.05 Billion
2018 0.00% -25.42% 0.23x 0.00x Rp-14.50 Billion
2019 0.00% 5.11% 0.50x 0.00x Rp14.31 Billion
2020 0.00% -12.22% 0.45x 0.00x Rp-10.75 Billion
2021 0.00% 0.49% 0.54x 0.00x Rp7.57 Billion
2022 0.00% 4.05% 0.94x 0.00x Rp15.98 Billion
2023 0.00% 8.10% 1.02x 0.00x Rp23.45 Billion
2024 0.00% 11.69% 1.14x 0.00x Rp28.35 Billion

Industry Comparison

This section compares Steady Safe TBK PT's net assets metrics with peer companies in the Railroads industry.

Industry Context

  • Industry: Railroads
  • Average net assets among peers: $1,413,952,513,082
  • Average return on equity (ROE) among peers: -0.52%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Steady Safe TBK PT (SAFE) Rp19.76 Billion 9.95% 9.44x $2.18 Million
Blue Bird Tbk PT (BIRD) $5.27 Trillion 8.69% 0.32x $64.62 Million
Eka Sari Lorena Transport Tbk (LRNA) $268.04 Billion -11.15% 0.17x $1.04 Million
Express Transindo Utama Tbk (TAXI) $48.14 Billion 0.00% 5.33x $8.80 Million
Weha Transportasi Indonesia TBK (WEHA) $74.46 Billion 0.38% 2.09x $3.27 Million