Sumber Mas Konstruksi Tbk PT
PT Sumber Mas Konstruksi Tbk operates as a general contractor and interior designer company in Indonesia. The company engages in the construction of highways and toll roads, office buildings, apartments, hospitality buildings, roads, bridges, shophouses, housing areas, hospitals, universities, and public facilities. It also provides building structure renovation services; air and seaport construc… Read more
Sumber Mas Konstruksi Tbk PT (SMKM) - Net Assets
Latest net assets as of June 2025: Rp207.12 Billion IDR
Based on the latest financial reports, Sumber Mas Konstruksi Tbk PT (SMKM) has net assets worth Rp207.12 Billion IDR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp212.20 Billion) and total liabilities (Rp5.08 Billion). 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 | Rp207.12 Billion |
| % of Total Assets | 97.61% |
| Annual Growth Rate | 81.01% |
| 5-Year Change | 183.23% |
| 10-Year Change | N/A |
| Growth Volatility | 223.19 |
Sumber Mas Konstruksi Tbk PT - Net Assets Trend (2019–2024)
This chart illustrates how Sumber Mas Konstruksi 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 Sumber Mas Konstruksi Tbk PT (2019–2024)
The table below shows the annual net assets of Sumber Mas Konstruksi Tbk PT from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp206.10 Billion | +0.90% |
| 2023-12-31 | Rp204.26 Billion | +4.47% |
| 2022-12-31 | Rp195.52 Billion | +59.28% |
| 2021-12-31 | Rp122.75 Billion | +68.68% |
| 2020-12-31 | Rp72.77 Billion | +587.02% |
| 2019-12-31 | Rp10.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sumber Mas Konstruksi 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 299.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp42.29 Billion | 20.52% |
| Common Stock | Rp125.30 Billion | 60.80% |
| Other Comprehensive Income | Rp300.00 Million | 0.15% |
| Other Components | Rp38.21 Billion | 18.54% |
| Total Equity | Rp206.10 Billion | 100.00% |
Sumber Mas Konstruksi Tbk PT Competitors by Market Cap
The table below lists competitors of Sumber Mas Konstruksi Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thor Energy Plc
AU:THR
|
$4.79 Million |
|
Solartron Public Company Limited
BK:SOLAR
|
$4.79 Million |
|
Hindcon Chemicals Limited
NSE:HINDCON
|
$4.80 Million |
|
Citigold Corporation Limited
PINK:CTOHF
|
$4.80 Million |
|
B-Gaming S.A.
BA:GAMI
|
$4.79 Million |
|
ECP Emerging Growth Ltd
AU:ECP
|
$4.79 Million |
|
Q Interline AS
CO:QINTER
|
$4.79 Million |
|
G2D Investments Ltd
SA:G2DI33
|
$4.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sumber Mas Konstruksi Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 204,258,199,984 to 206,102,026,000, a change of 1,843,826,016 (0.9%).
- Net income of 2,515,433,000 contributed positively to equity growth.
- Dividend payments of 626,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 100,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp2.52 Billion | +1.22% |
| Dividends Paid | Rp626.50 Million | -0.3% |
| Other Comprehensive Income | Rp100.00 Million | +0.05% |
| Other Changes | Rp-145.11 Million | -0.07% |
| Total Change | Rp- | 0.90% |
Book Value vs Market Value Analysis
This analysis compares Sumber Mas Konstruksi 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: 0.60x
- 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 11.71x to 0.60x 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 | Rp8.45 | Rp99.00 | x |
| 2020-12-31 | Rp58.08 | Rp99.00 | x |
| 2021-12-31 | Rp97.96 | Rp99.00 | x |
| 2022-12-31 | Rp161.92 | Rp99.00 | x |
| 2023-12-31 | Rp163.02 | Rp99.00 | x |
| 2024-12-31 | Rp164.49 | Rp99.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sumber Mas Konstruksi 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): 1.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.95%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.02x
- Recent ROE (1.22%) is below the historical average (10.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 38.45% | 8.13% | 3.95x | 1.20x | Rp3.01 Billion |
| 2020 | 3.44% | 4.16% | 0.79x | 1.05x | Rp-4.78 Billion |
| 2021 | 8.03% | 7.78% | 0.57x | 1.83x | Rp-2.42 Billion |
| 2022 | 4.75% | 6.49% | 0.70x | 1.04x | Rp-10.27 Billion |
| 2023 | 4.75% | 7.46% | 0.63x | 1.02x | Rp-10.72 Billion |
| 2024 | 1.22% | 2.95% | 0.40x | 1.02x | Rp-18.09 Billion |
Industry Comparison
This section compares Sumber Mas Konstruksi Tbk PT's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $502,220,177,250
- Average return on equity (ROE) among peers: -25.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sumber Mas Konstruksi Tbk PT (SMKM) | Rp207.12 Billion | 38.45% | 0.02x | $4.79 Million |
| Acset Indonusa Tbk (ACST) | $286.48 Billion | -395.09% | 35.47x | $10.84 Million |
| Adhi Karya Persero Tbk (ADHI) | $1.55 Trillion | 26.22% | 5.28x | $38.64 Million |
| Asri Karya Lestari Tbk. (ASLI) | $487.81 Billion | 2.68% | 0.13x | $28.07 Million |
| Bumi Benowo Sukses Sejahtera Pt (BBSS) | $247.55 Billion | -0.49% | 0.02x | $5.41 Million |
| PT Berdikari Foundation Perkas (BDKR) | $407.45 Billion | 31.26% | 1.01x | $16.80 Million |
| Bukaka Teknik Utama Tbk Pt (BUKK) | $1.05 Trillion | 7.78% | 0.64x | $33.60 Million |
| Nusa Konstruksi Enjiniring Tbk (DGIK) | $631.64 Billion | 3.98% | 0.45x | $12.06 Million |
| Fimperkasa Utama Tbk PT (FIMP) | $29.45 Billion | -3.17% | 0.12x | $1.00 Million |
| Indonesia Pondasi Raya Tbk PT (IDPR) | $288.70 Billion | 51.96% | 0.88x | $3.49 Million |
| PT Koka Indonesia Tbk (KOKA) | $46.05 Billion | 24.03% | 0.63x | $7.19 Million |