Surya Fajar Capital Tbk PT (SFAN) - Net Assets

Latest as of March 2026: Rp126.04 Billion IDR ≈ $7.39 Million USD

Based on the latest financial reports, Surya Fajar Capital Tbk PT (SFAN) has net assets worth Rp126.04 Billion IDR (≈ $7.39 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 (Rp147.25 Billion ≈ $8.63 Million USD) and total liabilities (Rp21.21 Billion ≈ $1.24 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 SFAN tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp126.04 Billion
% of Total Assets	85.6%
Annual Growth Rate	92.03%
5-Year Change	-32.51%
10-Year Change	N/A
Growth Volatility	5743.64

Surya Fajar Capital Tbk PT - Net Assets Trend (2016–2025)

This chart illustrates how Surya Fajar Capital Tbk PT's net assets have evolved over time, based on quarterly financial data. See Surya Fajar Capital Tbk PT (SFAN) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Surya Fajar Capital Tbk PT (2016–2025)

The table below shows the annual net assets of Surya Fajar Capital Tbk PT from 2016 to 2025. For live valuation and market cap data, see SFAN company net worth.

Year	Net Assets	Change
2025-12-31	Rp138.32 Billion ≈ $8.11 Million	-12.83%
2024-12-31	Rp158.68 Billion ≈ $9.30 Million	-30.13%
2023-12-31	Rp227.10 Billion ≈ $13.31 Million	+17.66%
2022-12-31	Rp193.01 Billion ≈ $11.31 Million	-5.83%
2021-12-31	Rp204.96 Billion ≈ $12.01 Million	+8.23%
2020-12-31	Rp189.38 Billion ≈ $11.10 Million	+30.32%
2019-12-31	Rp145.32 Billion ≈ $8.52 Million	+11.39%
2018-12-31	Rp130.46 Billion ≈ $7.64 Million	+82.00%
2017-12-31	Rp71.68 Billion ≈ $4.20 Million	+18288.51%
2016-12-31	Rp389.81 Million ≈ $22.84K	--

Equity Component Analysis

This analysis shows how different components contribute to Surya Fajar Capital 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 100835.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Rp135.99 Billion	124.18%
Other Comprehensive Income	Rp-2.41 Billion	-2.20%
Other Components	Rp66.40 Billion	60.63%
Total Equity	Rp109.51 Billion	100.00%

Surya Fajar Capital Tbk PT Competitors by Market Cap

The table below lists competitors of Surya Fajar Capital Tbk PT ranked by their market capitalization.

Company	Market Cap
Mountain & I Acquisition Co Corp NASDAQ:MCAA	$157.81 Million
Unic Technology TWO:5452	$157.82 Million
GPT Infraprojects Limited NSE:GPTINFRA	$157.85 Million
Trabzonspor Sportif Yatirim ve Futbol Isletmeciligi Ticaret AS IS:TSPOR	$157.90 Million
KVH Industries Inc NASDAQ:KVHI	$157.74 Million
CERENO SCIENTIFIC AB B F:4A1	$157.72 Million
Hooker Furniture Corporation NASDAQ:HOFT	$157.68 Million
BYC Co. Ltd KO:001460	$157.62 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Surya Fajar Capital Tbk PT's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 126,306,275,000 to 109,513,945,000, a change of -16,792,330,000 (-13.3%).
Net loss of 12,036,098,000 reduced equity.
Other comprehensive income decreased equity by 4,605,964,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rp-12.04 Billion	-10.99%
Other Comprehensive Income	Rp-4.61 Billion	-4.21%
Other Changes	Rp-150.27 Million	-0.14%
Total Change	Rp-	-13.29%

Book Value vs Market Value Analysis

This analysis compares Surya Fajar Capital 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: 24.59x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 5396.81x to 24.59x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	Rp0.37	Rp1980.00	x
2017-12-31	Rp67.15	Rp1980.00	x
2018-12-31	Rp122.61	Rp1980.00	x
2019-12-31	Rp160.23	Rp1980.00	x
2020-12-31	Rp150.65	Rp1980.00	x
2021-12-31	Rp149.49	Rp1980.00	x
2022-12-31	Rp137.17	Rp1980.00	x
2023-12-31	Rp139.40	Rp1980.00	x
2024-12-31	Rp92.88	Rp1980.00	x
2025-12-31	Rp80.53	Rp1980.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Surya Fajar Capital 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): -10.99%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -176.61%
• Asset Turnover: 0.03x
• Equity Multiplier: 1.91x
Recent ROE (-10.99%) is below the historical average (2.87%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	31.01%	14.97%	0.06x	37.47x	Rp81.90 Million
2017	1.91%	12.61%	0.12x	1.28x	Rp-5.77 Billion
2018	58.57%	591.21%	0.08x	1.24x	Rp63.28 Billion
2019	8.86%	100.71%	0.06x	1.39x	Rp-1.65 Billion
2020	3.91%	37.75%	0.08x	1.31x	Rp-11.34 Billion
2021	-8.34%	-143.92%	0.04x	1.52x	Rp-37.29 Billion
2022	-11.10%	-70.15%	0.10x	1.53x	Rp-39.37 Billion
2023	-7.47%	-97.13%	0.04x	1.71x	Rp-33.12 Billion
2024	-37.67%	-4061.43%	0.01x	1.42x	Rp-60.21 Billion
2025	-10.99%	-176.61%	0.03x	1.91x	Rp-22.99 Billion

Industry Comparison

This section compares Surya Fajar Capital Tbk PT's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $3,825,566,337,143
Average return on equity (ROE) among peers: 10.18%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Surya Fajar Capital Tbk PT (SFAN)	Rp126.04 Billion	31.01%	0.17x	$157.78 Million
Ashmore Asset Management Indonesia (AMOR)	$285.55 Billion	27.86%	0.18x	$42.40 Million
Batavia Prosperindo Int (BPII)	$1.39 Trillion	6.78%	1.02x	$261.79 Million
Kresna Graha Investama Tbk PT (KREN)	$26.25 Billion	2.95%	0.31x	$14.93 Million
Provident Agro Tbk (PALM)	$1.54 Trillion	4.43%	0.85x	$293.16 Million
Saratoga Investama Sedaya (SRTG)	$19.37 Trillion	29.28%	0.30x	$1.19 Billion
PT Buana Artha Anugerah Tbk (STAR)	$515.08 Billion	0.82%	0.00x	$88.32 Million
Victoria Investama Tbk (VICO)	$3.66 Trillion	-0.87%	6.09x	$129.29 Million

About Surya Fajar Capital Tbk PT

JK:SFAN Indonesia Asset Management

Market Cap

$157.78 Million

Rp2.69 Trillion IDR

Market Cap Rank

#17564 Global

#252 in Indonesia

Share Price

Rp1980.00

Change (1 day)

+0.51%

52-Week Range

Rp1900.00 - Rp1980.00

All Time High

Rp2040.00