Sarana Mitra Luas (SMIL) - Net Assets
Based on the latest financial reports, Sarana Mitra Luas (SMIL) has net assets worth Rp796.49 Billion IDR (≈ $46.67 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.20 Trillion ≈ $70.20 Million USD) and total liabilities (Rp401.47 Billion ≈ $23.52 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 Sarana Mitra Luas strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp796.49 Billion |
| % of Total Assets | 66.49% |
| Annual Growth Rate | 19.8% |
| 5-Year Change | 96.66% |
| 10-Year Change | N/A |
| Growth Volatility | 18.58 |
Sarana Mitra Luas - Net Assets Trend (2019–2025)
This chart illustrates how Sarana Mitra Luas's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Sarana Mitra Luas market capitalisation.
Annual Net Assets for Sarana Mitra Luas (2019–2025)
The table below shows the annual net assets of Sarana Mitra Luas from 2019 to 2025. Also explore Sarana Mitra Luas annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp736.41 Billion ≈ $43.15 Million |
+2.01% |
| 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 |
-- |
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 6.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp231.70 Billion | 31.46% |
| Common Stock | Rp437.58 Billion | 59.42% |
| Other Comprehensive Income | Rp2.50 Billion | 0.34% |
| Other Components | Rp64.63 Billion | 8.78% |
| Total Equity | Rp736.41 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 |
|---|---|
|
Grupo Hotelero Santa Fe SAB
MX:HOTEL
|
$217.41 Million |
|
Ultra Chip
TWO:3141
|
$217.49 Million |
|
EMS Limited
NSE:EMSLIMITED
|
$217.55 Million |
|
LTC Co.Ltd
KQ:170920
|
$217.67 Million |
|
Piedmont Lithium Inc
AU:PLL
|
$217.40 Million |
|
ESAF Small Finance Bank
NSE:ESAFSFB
|
$217.27 Million |
|
Smart Parking Ltd
AU:SPZ
|
$217.27 Million |
|
GAEC Educacao SA
SA:ANIM3
|
$217.24 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 2024 to 2025, total equity changed from 721,879,878,000 to 736,409,104,000, a change of 14,529,226,000 (2.0%).
- Net income of 66,028,803,000 contributed positively to equity growth.
- Dividend payments of 32,214,488,000 reduced retained earnings.
- Share repurchases of 19,919,741,000 reduced equity.
- New share issuances of 748,894,500 increased equity.
- Other comprehensive income increased equity by 1,000,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp66.03 Billion | +8.97% |
| Dividends Paid | Rp32.21 Billion | -4.37% |
| Share Repurchases | Rp19.92 Billion | -2.7% |
| Share Issuances | Rp748.89 Million | +0.1% |
| Other Comprehensive Income | Rp1.00 Billion | +0.14% |
| Other Changes | Rp-1.11 Billion | -0.15% |
| Total Change | Rp- | 2.01% |
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: 5.05x
- 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 14.97x to 5.05x 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 | Rp426.00 | x |
| 2020-12-31 | Rp34.23 | Rp426.00 | x |
| 2021-12-31 | Rp42.79 | Rp426.00 | x |
| 2022-12-31 | Rp49.51 | Rp426.00 | x |
| 2023-12-31 | Rp78.52 | Rp426.00 | x |
| 2024-12-31 | Rp82.50 | Rp426.00 | x |
| 2025-12-31 | Rp84.28 | Rp426.00 | 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): 8.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.17%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.57x
- Recent ROE (8.97%) is below the historical average (13.85%), 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 |
| 2025 | 8.97% | 16.17% | 0.35x | 1.57x | Rp-7.61 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: $578,625,467,084
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sarana Mitra Luas (SMIL) | Rp796.49 Billion | 14.31% | 0.50x | $217.41 Million |
| Adi Sarana Armada Tbk (ASSA) | $1.34 Trillion | 8.25% | 2.62x | $129.77 Million |
| Batavia Prosperindo Trans Tbk PT (BPTR) | $224.47 Billion | 1.39% | 1.39x | $15.53 Million |
| Superkrane Mitra Utama Tbk PT (SKRN) | $391.29 Billion | 23.92% | 2.15x | $166.00 Million |
| Transkon Jaya Pt (TRJA) | $360.59 Billion | 4.15% | 2.07x | $11.86 Million |
About Sarana Mitra Luas
PT Sarana Mitra Luas Tbk operates as a forklift rental company in Indonesia. It offers material handling equipment, such as engine counterbalance forklifts, electric counterbalance forklifts, reach trucks, warehouse equipment, loaders, and forklift attachments, as well as BSLBATT forklift lithium batteries and chargers. The company also provides material handling solutions, including rental units… Read more