Sinar Mas Agro Resources and Technology Tbk PT
PT Sinar Mas Agro Resources and Technology Tbk, a seed-to-shelf agribusiness company, produces and sells palm-based products in Indonesia. The company extracts fresh fruit bunches into crude palm oil and palm kernel, and processes into value-added products, such as cooking oil, margarine, shortening, oleo-chemicals, and biodiesel. It also offers cooking oil products under the Filma and Kunci Mas … Read more
Sinar Mas Agro Resources and Technology Tbk PT (SMAR) - Net Assets
Latest net assets as of June 2025: Rp20.60 Trillion IDR
Based on the latest financial reports, Sinar Mas Agro Resources and Technology Tbk PT (SMAR) has net assets worth Rp20.60 Trillion IDR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp45.13 Trillion) and total liabilities (Rp24.52 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 | Rp20.60 Trillion |
| % of Total Assets | 45.66% |
| Annual Growth Rate | N/A |
| 5-Year Change | 58.76% |
| 10-Year Change | 160.84% |
| Growth Volatility | 17.53 |
Sinar Mas Agro Resources and Technology Tbk PT - Net Assets Trend (2000–2024)
This chart illustrates how Sinar Mas Agro Resources and Technology 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 Sinar Mas Agro Resources and Technology Tbk PT (2000–2024)
The table below shows the annual net assets of Sinar Mas Agro Resources and Technology Tbk PT from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp19.88 Trillion | +4.25% |
| 2023-12-31 | Rp19.07 Trillion | -0.91% |
| 2022-12-31 | Rp19.25 Trillion | +33.50% |
| 2021-12-31 | Rp14.42 Trillion | +15.12% |
| 2020-12-31 | Rp12.52 Trillion | +14.55% |
| 2019-12-31 | Rp10.93 Trillion | -10.74% |
| 2018-12-31 | Rp12.25 Trillion | +8.40% |
| 2017-12-31 | Rp11.30 Trillion | +10.79% |
| 2016-12-31 | Rp10.20 Trillion | +33.80% |
| 2015-12-31 | Rp7.62 Trillion | -4.07% |
| 2014-12-31 | Rp7.95 Trillion | +22.53% |
| 2013-12-31 | Rp6.48 Trillion | -27.46% |
| 2012-12-31 | Rp8.94 Trillion | +21.86% |
| 2011-12-31 | Rp7.34 Trillion | +22.73% |
| 2010-12-31 | Rp5.98 Trillion | +20.73% |
| 2009-12-31 | Rp4.95 Trillion | +0.01% |
| 2008-12-31 | Rp4.95 Trillion | +40.30% |
| 2007-12-31 | Rp3.53 Trillion | +36.90% |
| 2006-12-31 | Rp2.58 Trillion | +33.63% |
| 2005-12-31 | Rp1.93 Trillion | +653.25% |
| 2004-12-31 | Rp-348.59 Billion | -37.63% |
| 2003-12-31 | Rp-253.28 Billion | +24.29% |
| 2002-12-31 | Rp-334.55 Billion | +44.21% |
| 2001-12-31 | Rp-599.68 Billion | -4766.36% |
| 2000-12-31 | Rp-12.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinar Mas Agro Resources and Technology 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 grown by 1692846700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp16.93 Trillion | 85.20% |
| Common Stock | Rp574.44 Billion | 2.89% |
| Other Comprehensive Income | Rp609.65 Billion | 3.07% |
| Other Components | Rp1.76 Trillion | 8.84% |
| Total Equity | Rp19.87 Trillion | 100.00% |
Sinar Mas Agro Resources and Technology Tbk PT Competitors by Market Cap
The table below lists competitors of Sinar Mas Agro Resources and Technology Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sri Rejeki Isman(Sritex)PT
JK:SRIL
|
$73.16 Million |
|
Fortress Biotech Inc
NASDAQ:FBIO
|
$73.17 Million |
|
Hope Education Group Co. Ltd
F:HE1
|
$73.18 Million |
|
Mogan Enerji Yatırım Holding As
IS:MOGAN
|
$73.20 Million |
|
VIGO Photonics S.A.
F:J8Z
|
$73.10 Million |
|
Jeju Bank
KO:006220
|
$73.09 Million |
|
Korea Ratings Co. Ltd
KQ:034950
|
$73.08 Million |
|
GSD Holding AS
IS:GSDHO
|
$73.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinar Mas Agro Resources and Technology Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,058,823,000,000 to 19,869,434,000,000, a change of 810,611,000,000 (4.3%).
- Net income of 1,278,172,000,000 contributed positively to equity growth.
- Dividend payments of 574,211,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 80,276,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.28 Trillion | +6.43% |
| Dividends Paid | Rp574.21 Billion | -2.89% |
| Other Comprehensive Income | Rp80.28 Billion | +0.4% |
| Other Changes | Rp26.37 Billion | +0.13% |
| Total Change | Rp- | 4.25% |
Book Value vs Market Value Analysis
This analysis compares Sinar Mas Agro Resources and Technology 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: 0.79x
- 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 3.16x to 0.79x 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 | Rp1722.26 | Rp5450.00 | x |
| 2010-12-31 | Rp2079.66 | Rp5450.00 | x |
| 2011-12-31 | Rp2552.36 | Rp5450.00 | x |
| 2012-12-31 | Rp3110.55 | Rp5450.00 | x |
| 2013-12-31 | Rp2255.83 | Rp5450.00 | x |
| 2014-12-31 | Rp2764.57 | Rp5450.00 | x |
| 2015-12-31 | Rp2651.61 | Rp5450.00 | x |
| 2016-12-31 | Rp3549.24 | Rp5450.00 | x |
| 2017-12-31 | Rp3932.09 | Rp5450.00 | x |
| 2018-12-31 | Rp4262.31 | Rp5450.00 | x |
| 2019-12-31 | Rp3804.12 | Rp5450.00 | x |
| 2020-12-31 | Rp4357.53 | Rp5450.00 | x |
| 2021-12-31 | Rp5016.07 | Rp5450.00 | x |
| 2022-12-31 | Rp6696.84 | Rp5450.00 | x |
| 2023-12-31 | Rp6635.63 | Rp5450.00 | x |
| 2024-12-31 | Rp6917.86 | Rp5450.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinar Mas Agro Resources and Technology 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): 6.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.62%
- • Asset Turnover: 1.74x
- • Equity Multiplier: 2.28x
- Recent ROE (6.43%) is below the historical average (16.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 15.77% | 6.53% | 1.01x | 2.38x | Rp111.35 Billion |
| 2006 | 24.37% | 13.34% | 0.89x | 2.06x | Rp370.28 Billion |
| 2007 | 28.03% | 12.24% | 1.00x | 2.29x | Rp636.12 Billion |
| 2008 | 21.15% | 6.50% | 1.58x | 2.06x | Rp551.75 Billion |
| 2009 | 15.13% | 5.27% | 1.39x | 2.06x | Rp253.83 Billion |
| 2010 | 21.10% | 6.22% | 1.62x | 2.09x | Rp663.20 Billion |
| 2011 | 24.35% | 5.63% | 2.15x | 2.01x | Rp1.05 Trillion |
| 2012 | 24.08% | 7.82% | 1.69x | 1.82x | Rp1.26 Trillion |
| 2013 | 13.77% | 3.73% | 1.30x | 2.84x | Rp244.59 Billion |
| 2014 | 18.57% | 4.56% | 1.52x | 2.68x | Rp680.49 Billion |
| 2015 | -5.07% | -1.07% | 1.51x | 3.15x | Rp-1.15 Trillion |
| 2016 | 25.51% | 8.74% | 1.14x | 2.56x | Rp1.58 Trillion |
| 2017 | 10.42% | 3.33% | 1.30x | 2.40x | Rp47.43 Billion |
| 2018 | 4.88% | 1.60% | 1.28x | 2.39x | Rp-626.89 Billion |
| 2019 | 8.22% | 2.48% | 1.30x | 2.54x | Rp-193.99 Billion |
| 2020 | 12.29% | 3.81% | 1.15x | 2.80x | Rp287.18 Billion |
| 2021 | 19.62% | 4.96% | 1.41x | 2.80x | Rp1.39 Trillion |
| 2022 | 28.60% | 7.33% | 1.76x | 2.21x | Rp3.58 Trillion |
| 2023 | 4.82% | 1.38% | 1.68x | 2.08x | Rp-988.08 Billion |
| 2024 | 6.43% | 1.62% | 1.74x | 2.28x | Rp-708.77 Billion |
Industry Comparison
This section compares Sinar Mas Agro Resources and Technology Tbk PT's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $2,205,385,688,408
- Average return on equity (ROE) among peers: 4.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinar Mas Agro Resources and Technology Tbk PT (SMAR) | Rp20.60 Trillion | 15.77% | 1.19x | $73.12 Million |
| Astra Agro Lestari Tbk (AALI) | $1.56 Trillion | 17.96% | 0.82x | $174.24 Million |
| Asia Sejahtera Mina Tbk (AGAR) | $106.97 Billion | 0.02% | 0.84x | $3.78 Million |
| PT Agung Menjangan Mas Tbk (AMMS) | $46.13 Billion | 1.47% | 0.02x | $5.42 Million |
| Andira Agro Tbk PT (ANDI) | $259.17 Billion | 4.82% | 0.88x | $5.66 Million |
| Austindo Nusantara Jaya Tbk (ANJT) | $433.28 Million | 8.54% | 0.51x | $1.16 Million |
| PT Cilacap Samudera Fishing Industry Tbk (ASHA) | $30.47 Billion | 2.11% | 0.81x | $9.07 Million |
| PT Janu Putra Sejahtera Tbk (AYAM) | $17.78 Billion | 10.86% | 11.23x | $15.47 Million |
| Bumi Teknokultura Unggul Tbk (BTEK) | $1.11 Trillion | -10.30% | 2.66x | $26.58 Million |
| Charoen Pokphand Indonesia TBK PT (CPIN) | $15.70 Trillion | 15.91% | 0.56x | $1.65 Billion |
| Central Proteina Prima Tbk (CPRO) | $3.22 Trillion | -6.74% | 1.70x | $45.45 Million |