Semen Indonesia Persero Tbk (SMGR) - Net Assets

Latest as of March 2026: Rp47.79 Trillion IDR ≈ $2.80 Billion USD

Based on the latest financial reports, Semen Indonesia Persero Tbk (SMGR) has net assets worth Rp47.79 Trillion IDR (≈ $2.80 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp75.46 Trillion ≈ $4.42 Billion USD) and total liabilities (Rp27.67 Trillion ≈ $1.62 Billion 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 Semen Indonesia Persero Tbk tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp47.79 Trillion
% of Total Assets	63.33%
Annual Growth Rate	11.68%
5-Year Change	19.95%
10-Year Change	56.08%
Growth Volatility	8.6

Semen Indonesia Persero Tbk - Net Assets Trend (2000–2025)

This chart illustrates how Semen Indonesia Persero Tbk's net assets have evolved over time, based on quarterly financial data. See SMGR defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Semen Indonesia Persero Tbk (2000–2025)

The table below shows the annual net assets of Semen Indonesia Persero Tbk from 2000 to 2025. For live valuation and market cap data, see SMGR market cap.

Year	Net Assets	Change
2025-12-31	Rp47.72 Trillion ≈ $2.80 Billion	-1.22%
2024-12-31	Rp48.31 Trillion ≈ $2.83 Billion	+1.06%
2023-12-31	Rp47.80 Trillion ≈ $2.80 Billion	+1.19%
2022-12-31	Rp47.24 Trillion ≈ $2.77 Billion	+18.74%
2021-12-31	Rp39.78 Trillion ≈ $2.33 Billion	+11.58%
2020-12-31	Rp35.65 Trillion ≈ $2.09 Billion	+5.20%
2019-12-31	Rp33.89 Trillion ≈ $1.99 Billion	+3.53%
2018-12-31	Rp32.74 Trillion ≈ $1.92 Billion	+7.55%
2017-12-31	Rp30.44 Trillion ≈ $1.78 Billion	-0.44%
2016-12-31	Rp30.57 Trillion ≈ $1.79 Billion	+11.42%
2015-12-31	Rp27.44 Trillion ≈ $1.61 Billion	+9.75%
2014-12-31	Rp25.00 Trillion ≈ $1.47 Billion	+14.67%
2013-12-31	Rp21.80 Trillion ≈ $1.28 Billion	+20.03%
2012-12-31	Rp18.16 Trillion ≈ $1.06 Billion	+24.29%
2011-12-31	Rp14.62 Trillion ≈ $856.39 Million	+20.39%
2010-12-31	Rp12.14 Trillion ≈ $711.34 Million	+17.65%
2009-12-31	Rp10.32 Trillion ≈ $604.60 Million	+26.24%
2008-12-31	Rp8.17 Trillion ≈ $478.95 Million	+21.64%
2007-12-31	Rp6.72 Trillion ≈ $393.74 Million	+20.40%
2006-12-31	Rp5.58 Trillion ≈ $327.03 Million	+23.04%
2005-12-31	Rp4.54 Trillion ≈ $265.80 Million	+21.84%
2004-12-31	Rp3.72 Trillion ≈ $218.15 Million	+4.27%
2003-12-31	Rp3.57 Trillion ≈ $209.22 Million	+7.44%
2002-12-31	Rp3.32 Trillion ≈ $194.73 Million	+3.68%
2001-12-31	Rp3.21 Trillion ≈ $187.82 Million	+6.23%
2000-12-31	Rp3.02 Trillion ≈ $176.80 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Semen Indonesia Persero 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 4345.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Rp35.47 Trillion	81.61%
Common Stock	Rp675.15 Billion	1.55%
Other Comprehensive Income	Rp1.14 Trillion	2.62%
Other Components	Rp6.18 Trillion	14.21%
Total Equity	Rp43.46 Trillion	100.00%

Semen Indonesia Persero Tbk Competitors by Market Cap

The table below lists competitors of Semen Indonesia Persero Tbk ranked by their market capitalization.

Company	Market Cap
Levinstein Eng TA:LEVI	$603.88 Million
Jiangxi Chen Guang New Materials Co Ltd SHG:605399	$603.96 Million
Getein Biotech Inc SHG:603387	$604.09 Million
Sichuan Guoguang Agrochemical Co Ltd SHE:002749	$604.63 Million
Shandong Haihua Co Ltd SHE:000822	$603.82 Million
Xiamen Yanjan New Material Co Ltd SHE:300658	$603.80 Million
Yoantion Industrial Inc.Ltd. SHE:301053	$603.78 Million
Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd SHE:002479	$603.77 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Semen Indonesia Persero Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 43,771,520,000,000 to 43,464,113,000,000, a change of -307,407,000,000 (-0.7%).
Net income of 190,848,000,000 contributed positively to equity growth.
Dividend payments of 648,746,000,000 reduced retained earnings.
Share repurchases of 40,039,000,000 reduced equity.
Other comprehensive income decreased equity by 806,722,000,000.
Other factors increased equity by 997,252,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rp190.85 Billion	+0.44%
Dividends Paid	Rp648.75 Billion	-1.49%
Share Repurchases	Rp40.04 Billion	-0.09%
Other Comprehensive Income	Rp-806.72 Billion	-1.86%
Other Changes	Rp997.25 Billion	+2.29%
Total Change	Rp-	-0.70%

Book Value vs Market Value Analysis

This analysis compares Semen Indonesia Persero 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: 0.24x
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 2.07x to 0.24x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	Rp739.36	Rp1530.00	x
2006-12-31	Rp910.90	Rp1530.00	x
2007-12-31	Rp1098.67	Rp1530.00	x
2008-12-31	Rp1341.29	Rp1530.00	x
2009-12-31	Rp1729.68	Rp1530.00	x
2010-12-31	Rp2018.56	Rp1530.00	x
2011-12-31	Rp2431.84	Rp1530.00	x
2012-12-31	Rp2916.48	Rp1530.00	x
2013-12-31	Rp3510.84	Rp1530.00	x
2014-12-31	Rp4042.02	Rp1530.00	x
2015-12-31	Rp4441.74	Rp1530.00	x
2016-12-31	Rp4881.49	Rp1530.00	x
2017-12-31	Rp4861.28	Rp1530.00	x
2018-12-31	Rp5244.11	Rp1530.00	x
2019-12-31	Rp5426.48	Rp1530.00	x
2020-12-31	Rp5745.34	Rp1530.00	x
2021-12-31	Rp6078.42	Rp1530.00	x
2022-12-31	Rp6331.62	Rp1530.00	x
2023-12-31	Rp6407.65	Rp1530.00	x
2024-12-31	Rp6483.19	Rp1530.00	x
2025-12-31	Rp6452.95	Rp1530.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Semen Indonesia Persero 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): 0.44%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.54%
• Asset Turnover: 0.46x
• Equity Multiplier: 1.76x
Recent ROE (0.44%) is below the historical average (15.87%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	11.50%	9.53%	0.48x	2.53x	Rp44.64 Billion
2001	10.04%	6.81%	0.53x	2.77x	Rp1.31 Billion
2002	8.22%	5.19%	0.75x	2.12x	Rp-58.40 Billion
2003	11.36%	7.33%	0.82x	1.89x	Rp47.69 Billion
2004	14.22%	8.58%	0.91x	1.81x	Rp154.55 Billion
2005	23.03%	13.44%	1.03x	1.66x	Rp572.93 Billion
2006	24.19%	15.02%	1.16x	1.38x	Rp768.89 Billion
2007	27.45%	18.68%	1.13x	1.30x	Rp1.14 Trillion
2008	31.94%	20.84%	1.15x	1.33x	Rp1.75 Trillion
2009	32.88%	23.30%	1.11x	1.27x	Rp2.33 Trillion
2010	30.48%	25.51%	0.92x	1.30x	Rp2.46 Trillion
2011	27.14%	23.97%	0.83x	1.36x	Rp2.48 Trillion
2012	27.94%	24.73%	0.74x	1.53x	Rp3.11 Trillion
2013	25.72%	21.92%	0.80x	1.47x	Rp3.28 Trillion
2014	23.15%	20.62%	0.79x	1.43x	Rp3.16 Trillion
2015	17.11%	16.78%	0.71x	1.44x	Rp1.88 Trillion
2016	15.57%	17.30%	0.59x	1.52x	Rp1.62 Trillion
2017	6.97%	7.24%	0.57x	1.69x	Rp-877.48 Billion
2018	9.87%	10.03%	0.60x	1.64x	Rp-40.09 Billion
2019	7.41%	5.93%	0.51x	2.47x	Rp-835.53 Billion
2020	8.17%	7.94%	0.45x	2.28x	Rp-625.02 Billion
2021	5.66%	5.85%	0.46x	2.12x	Rp-1.57 Trillion
2022	5.53%	6.50%	0.44x	1.94x	Rp-1.91 Trillion
2023	5.02%	5.62%	0.47x	1.89x	Rp-2.16 Trillion
2024	1.64%	1.99%	0.47x	1.76x	Rp-3.66 Trillion
2025	0.44%	0.54%	0.46x	1.76x	Rp-4.16 Trillion

Industry Comparison

This section compares Semen Indonesia Persero Tbk's net assets metrics with peer companies in the Building Materials industry.

Industry Context

Industry: Building Materials
Average net assets among peers: $2,863,953,144,228
Average return on equity (ROE) among peers: -89.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Semen Indonesia Persero Tbk (SMGR)	Rp47.79 Trillion	11.50%	0.58x	$603.85 Million
Asahimas Flat Glass Tbk (AMFG)	$3.18 Trillion	14.40%	0.23x	$81.12 Million
Berkah Beton Sadaya Tbk PT (BEBS)	$379.86 Billion	5.47%	0.07x	$13.18 Million
Cemindo Gemilang Tbk PT (CMNT)	$3.84 Trillion	-2.30%	3.72x	$817.84 Million
Citatah Tbk (CTTH)	$91.72 Billion	56.35%	2.11x	$9.88 Million
HK Metals Utama Tbk PT (HKMU)	$22.52 Billion	-908.73%	20.33x	$9.44 Million
Indocement Tunggal Prakarsa (INTP)	$10.68 Trillion	25.73%	0.24x	$797.09 Million
Semen Baturaja Persero Tbk (SMBR)	$2.72 Trillion	12.08%	0.08x	$84.97 Million
Solusi Bangun Indonesia Tbk PT (SMCB)	$6.42 Trillion	-12.90%	1.91x	$409.59 Million
Waskita Beton Precast Tbk PT (WSBP)	$-1.56 Trillion	0.00%	0.00x	$48.28 Million

About Semen Indonesia Persero Tbk

JK:SMGR Indonesia Building Materials

Market Cap

$603.85 Million

Rp10.31 Trillion IDR

Market Cap Rank

#11423 Global

#127 in Indonesia

Share Price

Rp1530.00

Change (1 day)

-1.29%

52-Week Range

Rp1485.00 - Rp3200.00

All Time High

Rp12646.10