Steady Safe TBK PT (SAFE) - Net Assets

Latest as of September 2025: Rp19.76 Billion IDR ≈ $1.16 Million USD

Based on the latest financial reports, Steady Safe TBK PT (SAFE) has net assets worth Rp19.76 Billion IDR (≈ $1.16 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 (Rp206.24 Billion ≈ $12.08 Million USD) and total liabilities (Rp186.48 Billion ≈ $10.93 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 resilient are Steady Safe TBK PT's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore SAFE total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Steady Safe TBK PT.

Year	Net Assets	Change
2024-12-31	Rp-10.97 Billion ≈ $-643.09K	+71.30%
2023-12-31	Rp-38.24 Billion ≈ $-2.24 Million	+33.83%
2022-12-31	Rp-57.79 Billion ≈ $-3.39 Million	+15.30%
2021-12-31	Rp-68.24 Billion ≈ $-4.00 Million	+0.99%
2020-12-31	Rp-68.92 Billion ≈ $-4.04 Million	-33.81%
2019-12-31	Rp-51.50 Billion ≈ $-3.02 Million	+15.04%
2018-12-31	Rp-60.62 Billion ≈ $-3.55 Million	-51.37%
2017-12-31	Rp-40.05 Billion ≈ $-2.35 Million	-23.54%
2016-12-31	Rp-32.42 Billion ≈ $-1.90 Million	+57.14%
2015-12-31	Rp-75.64 Billion ≈ $-4.43 Million	-1.29%
2014-12-31	Rp-74.67 Billion ≈ $-4.38 Million	+5.67%
2013-12-31	Rp-79.16 Billion ≈ $-4.64 Million	+5.58%
2012-12-31	Rp-83.84 Billion ≈ $-4.91 Million	-8.12%
2011-12-31	Rp-77.54 Billion ≈ $-4.54 Million	-12.15%
2010-12-31	Rp-69.14 Billion ≈ $-4.05 Million	+3.43%
2009-12-31	Rp-71.59 Billion ≈ $-4.20 Million	-49.77%
2008-12-31	Rp-47.80 Billion ≈ $-2.80 Million	+38.78%
2007-12-31	Rp-78.08 Billion ≈ $-4.58 Million	-24.25%
2006-12-31	Rp-62.84 Billion ≈ $-3.68 Million	-162.99%
2005-12-31	Rp-23.89 Billion ≈ $-1.40 Million	-374.16%
2004-12-31	Rp8.72 Billion ≈ $510.69K	-43.87%
2003-12-31	Rp15.53 Billion ≈ $909.88K	+25.24%
2002-12-31	Rp12.40 Billion ≈ $726.51K	+100.51%
2001-12-31	Rp-2.43 Trillion ≈ $-142.26 Million	-4.13%
2000-12-31	Rp-2.33 Trillion ≈ $-136.62 Million	--

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
Mida Leasing Public Company Limited BK:ML	$15.60 Million
LogProstyle Inc. NYSE MKT:LGPS	$15.60 Million
CHARWOOD ENERGY EO -01 F:L5Q	$15.60 Million
Saudee Group Bhd KLSE:5157	$15.62 Million
FN Factory Outlet Public Company Limited BK:FN	$15.58 Million
Soder Sportfiske AB ST:SODER	$15.57 Million
Poxel SA PA:POXEL	$15.56 Million
Han Kook Steel KO:025890	$15.56 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	Rp324.00	x
2010-12-31	Rp-177.04	Rp324.00	x
2011-12-31	Rp-203.69	Rp324.00	x
2012-12-31	Rp-212.96	Rp324.00	x
2013-12-31	Rp-201.06	Rp324.00	x
2014-12-31	Rp-192.65	Rp324.00	x
2015-12-31	Rp-191.90	Rp324.00	x
2016-12-31	Rp-51.94	Rp324.00	x
2017-12-31	Rp-64.34	Rp324.00	x
2018-12-31	Rp-97.78	Rp324.00	x
2019-12-31	Rp-82.96	Rp324.00	x
2020-12-31	Rp-111.27	Rp324.00	x
2021-12-31	Rp-110.16	Rp324.00	x
2022-12-31	Rp-93.18	Rp324.00	x
2023-12-31	Rp-61.40	Rp324.00	x
2024-12-31	Rp-17.07	Rp324.00	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: $1,443,557,170,072
Average return on equity (ROE) among peers: 6.68%

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	$15.59 Million
Blue Bird Tbk PT (BIRD)	$4.66 Trillion	10.88%	0.57x	$226.52 Million
Eka Sari Lorena Transport Tbk (LRNA)	$144.57 Billion	2.21%	0.66x	$4.10 Million
Express Transindo Utama Tbk (TAXI)	$892.52 Billion	13.23%	2.37x	$10.18 Million
Weha Transportasi Indonesia TBK (WEHA)	$74.46 Billion	0.38%	2.09x	$10.78 Million

About Steady Safe TBK PT

JK:SAFE Indonesia Railroads

Market Cap

$15.59 Million

Rp266.07 Billion IDR

Market Cap Rank

#25740 Global

#573 in Indonesia

Share Price

Rp324.00

Change (1 day)

-9.50%

52-Week Range

Rp168.00 - Rp440.00

All Time High

Rp484.00