Sarana Mitra Luas (SMIL) - Net Assets
Based on the latest financial reports, Sarana Mitra Luas (SMIL) has net assets worth Rp748.44 Billion IDR (≈ $43.86 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 (Rp1.15 Trillion ≈ $67.64 Million USD) and total liabilities (Rp405.85 Billion ≈ $23.78 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 SMIL asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp748.44 Billion |
| % of Total Assets | 64.84% |
| Annual Growth Rate | 23.71% |
| 5-Year Change | 141.01% |
| 10-Year Change | N/A |
| Growth Volatility | 18.07 |
Sarana Mitra Luas - Net Assets Trend (2019–2024)
This chart illustrates how Sarana Mitra Luas's net assets have evolved over time, based on quarterly financial data. Also explore SMIL total assets for the complete picture of this company's asset base.
Annual Net Assets for Sarana Mitra Luas (2019–2024)
The table below shows the annual net assets of Sarana Mitra Luas from 2019 to 2024. For live valuation and market cap data, see market cap of Sarana Mitra Luas.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp721.88 Billion ≈ $42.30 Million |
+5.07% |
| 2023-12-31 | Rp687.02 Billion ≈ $40.26 Million |
+58.58% |
| 2022-12-31 | Rp433.24 Billion ≈ $25.39 Million |
+15.70% |
| 2021-12-31 | Rp374.45 Billion ≈ $21.94 Million |
+25.02% |
| 2020-12-31 | Rp299.53 Billion ≈ $17.55 Million |
+20.27% |
| 2019-12-31 | Rp249.03 Billion ≈ $14.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sarana Mitra Luas'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 20.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp199.00 Billion | 27.57% |
| Common Stock | Rp437.51 Billion | 60.61% |
| Other Components | Rp85.37 Billion | 11.83% |
| Total Equity | Rp721.88 Billion | 100.00% |
Sarana Mitra Luas Competitors by Market Cap
The table below lists competitors of Sarana Mitra Luas ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Den Networks Limited
NSE:DEN
|
$142.98 Million |
|
REDELFI SPA
F:B0Z
|
$143.02 Million |
|
Empro Group Inc. Ordinary shares
NASDAQ:EMPG
|
$143.05 Million |
|
Tesoro Gold Ltd
AU:TSO
|
$143.12 Million |
|
Lucid Diagnostics Inc
NASDAQ:LUCD
|
$142.90 Million |
|
Pulse Seismic Inc
TO:PSD
|
$142.82 Million |
|
Betmakers Technology Group Ltd
AU:BET
|
$142.68 Million |
|
KOMPLETT ASA NK -40
F:GJ60
|
$142.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sarana Mitra Luas's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 687,018,807,931 to 721,879,878,000, a change of 34,861,070,069 (5.1%).
- Net income of 80,612,753,000 contributed positively to equity growth.
- Dividend payments of 16,582,019,000 reduced retained earnings.
- Share repurchases of 85,340,000 reduced equity.
- Other comprehensive income increased equity by 794,220,211.
- Other factors decreased equity by 29,878,544,142.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp80.61 Billion | +11.17% |
| Dividends Paid | Rp16.58 Billion | -2.3% |
| Share Repurchases | Rp85.34 Million | -0.01% |
| Other Comprehensive Income | Rp794.22 Million | +0.11% |
| Other Changes | Rp-29.88 Billion | -4.14% |
| Total Change | Rp- | 5.07% |
Book Value vs Market Value Analysis
This analysis compares Sarana Mitra Luas'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: 3.39x
- 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 9.84x to 3.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Rp28.46 | Rp280.00 | x |
| 2020-12-31 | Rp34.23 | Rp280.00 | x |
| 2021-12-31 | Rp42.79 | Rp280.00 | x |
| 2022-12-31 | Rp49.51 | Rp280.00 | x |
| 2023-12-31 | Rp78.52 | Rp280.00 | x |
| 2024-12-31 | Rp82.50 | Rp280.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sarana Mitra Luas 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): 11.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.03%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.55x
- Recent ROE (11.17%) is below the historical average (14.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 14.31% | 13.97% | 0.52x | 1.98x | Rp10.73 Billion |
| 2020 | 16.87% | 18.18% | 0.59x | 1.58x | Rp20.56 Billion |
| 2021 | 20.01% | 24.88% | 0.54x | 1.49x | Rp37.48 Billion |
| 2022 | 13.50% | 22.23% | 0.43x | 1.41x | Rp15.18 Billion |
| 2023 | 12.13% | 23.35% | 0.41x | 1.28x | Rp14.64 Billion |
| 2024 | 11.17% | 22.03% | 0.33x | 1.55x | Rp8.42 Billion |
Industry Comparison
This section compares Sarana Mitra Luas's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $578,674,941,608
- Average return on equity (ROE) among peers: 11.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sarana Mitra Luas (SMIL) | Rp748.44 Billion | 14.31% | 0.54x | $142.90 Million |
| Adi Sarana Armada Tbk (ASSA) | $1.77 Trillion | 8.08% | 2.42x | $174.11 Million |
| Batavia Prosperindo Trans Tbk PT (BPTR) | $130.10 Billion | 2.54% | 1.54x | $17.39 Million |
| Superkrane Mitra Utama Tbk PT (SKRN) | $328.23 Billion | 11.31% | 2.47x | $201.04 Million |
| Transkon Jaya Pt (TRJA) | $90.87 Billion | 22.42% | 3.32x | $11.50 Million |
About Sarana Mitra Luas
PT Sarana Mitra Luas Tbk engages in the forklift rental business in Indonesia. It offers material handling solutions, including forklift rental units only, forklift rental with operator, output-based forklift rentals, machine installation, and forklift sales and repair services. The company provides rental services for engine counter balanced forklifts, electric counterbalance forklifts, reach tr… Read more