Sinar Mas Multiartha Tbk
PT Sinar Mas Multiartha Tbk provides various financial products and services to individual and corporate clients in Indonesia. The company engages in the banking, life insurance, loss insurance, multi finance, securities, technology based lending and borrowing service, venture capital, share register, money changer, workshop, property, information service, and trading and service businesses. Furt… Read more
Sinar Mas Multiartha Tbk (SMMA) - Net Assets
Latest net assets as of September 2025: Rp28.64 Trillion IDR
Based on the latest financial reports, Sinar Mas Multiartha Tbk (SMMA) has net assets worth Rp28.64 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp118.30 Trillion) and total liabilities (Rp89.66 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 | Rp28.64 Trillion |
| % of Total Assets | 24.21% |
| Annual Growth Rate | 22.51% |
| 5-Year Change | 9.96% |
| 10-Year Change | 37.17% |
| Growth Volatility | 48.72 |
Sinar Mas Multiartha Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Sinar Mas Multiartha Tbk'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 Multiartha Tbk (2000–2024)
The table below shows the annual net assets of Sinar Mas Multiartha Tbk from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp25.21 Trillion | -12.37% |
| 2023-12-31 | Rp28.76 Trillion | +21.49% |
| 2022-12-31 | Rp23.68 Trillion | +3.92% |
| 2021-12-31 | Rp22.78 Trillion | -0.61% |
| 2020-12-31 | Rp22.92 Trillion | +3.42% |
| 2019-12-31 | Rp22.16 Trillion | -11.74% |
| 2018-12-31 | Rp25.11 Trillion | +9.44% |
| 2017-12-31 | Rp22.95 Trillion | +12.21% |
| 2016-12-31 | Rp20.45 Trillion | +11.28% |
| 2015-12-31 | Rp18.38 Trillion | -2.37% |
| 2014-12-31 | Rp18.82 Trillion | +9.90% |
| 2013-12-31 | Rp17.13 Trillion | +5.35% |
| 2012-12-31 | Rp16.26 Trillion | +11.45% |
| 2011-12-31 | Rp14.59 Trillion | +177.24% |
| 2010-12-31 | Rp5.26 Trillion | +46.24% |
| 2009-12-31 | Rp3.60 Trillion | +30.07% |
| 2008-12-31 | Rp2.77 Trillion | +12.17% |
| 2007-12-31 | Rp2.47 Trillion | +61.72% |
| 2006-12-31 | Rp1.52 Trillion | +28.15% |
| 2005-12-31 | Rp1.19 Trillion | +41.46% |
| 2004-12-31 | Rp841.05 Billion | +38.36% |
| 2003-12-31 | Rp607.89 Billion | +174.25% |
| 2002-12-31 | Rp221.66 Billion | +50.20% |
| 2001-12-31 | Rp147.57 Billion | -23.52% |
| 2000-12-31 | Rp192.97 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sinar Mas Multiartha 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 1899585200000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp19.00 Trillion | 82.65% |
| Common Stock | Rp1.33 Trillion | 5.81% |
| Other Comprehensive Income | Rp1.19 Trillion | 5.17% |
| Other Components | Rp1.47 Trillion | 6.38% |
| Total Equity | Rp22.98 Trillion | 100.00% |
Sinar Mas Multiartha Tbk Competitors by Market Cap
The table below lists competitors of Sinar Mas Multiartha Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Graphite One Inc
OTCQX:GPHOF
|
$85.28 Million |
|
RattanIndia Enterprises Limited
NSE:RTNINDIA
|
$85.30 Million |
|
Samyang Corp Preference Shares
KO:145995
|
$85.30 Million |
|
Owlet Inc
NYSE:OWLT
|
$85.37 Million |
|
True North Commercial Real Estate Investment Trust
PINK:TUERF
|
$85.24 Million |
|
Hua Medicine (Shanghai) Ltd
PINK:HUMDF
|
$85.17 Million |
|
Chant Sincere Co Ltd
TW:6205
|
$85.13 Million |
|
Acer E-Enabling Service Business Inc.
TWO:6811
|
$85.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinar Mas Multiartha Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,279,674,000,000 to 22,983,405,000,000, a change of 703,731,000,000 (3.2%).
- Net income of 840,797,000,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 230,114,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp840.80 Billion | +3.66% |
| Other Comprehensive Income | Rp-230.11 Billion | -1.0% |
| Other Changes | Rp93.05 Billion | +0.4% |
| Total Change | Rp- | 3.16% |
Book Value vs Market Value Analysis
This analysis compares Sinar Mas Multiartha 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: 4.07x
- 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 29.90x to 4.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | Rp491.67 | Rp14700.00 | x |
| 2008-12-31 | Rp466.31 | Rp14700.00 | x |
| 2009-12-31 | Rp538.92 | Rp14700.00 | x |
| 2010-12-31 | Rp749.03 | Rp14700.00 | x |
| 2011-12-31 | Rp1352.66 | Rp14700.00 | x |
| 2012-12-31 | Rp1501.31 | Rp14700.00 | x |
| 2013-12-31 | Rp1855.59 | Rp14700.00 | x |
| 2014-12-31 | Rp2049.48 | Rp14700.00 | x |
| 2015-12-31 | Rp2075.18 | Rp14700.00 | x |
| 2016-12-31 | Rp2316.60 | Rp14700.00 | x |
| 2017-12-31 | Rp2625.07 | Rp14700.00 | x |
| 2018-12-31 | Rp3052.47 | Rp14700.00 | x |
| 2019-12-31 | Rp3106.99 | Rp14700.00 | x |
| 2020-12-31 | Rp3225.52 | Rp14700.00 | x |
| 2021-12-31 | Rp3183.71 | Rp14700.00 | x |
| 2022-12-31 | Rp3330.03 | Rp14700.00 | x |
| 2023-12-31 | Rp3498.88 | Rp14700.00 | x |
| 2024-12-31 | Rp3609.39 | Rp14700.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinar Mas Multiartha 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): 3.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 5.10x
- Recent ROE (3.66%) is below the historical average (12.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 33.16% | 19.90% | 0.50x | 3.36x | Rp51.33 Billion |
| 2003 | 28.40% | 31.04% | 0.52x | 1.76x | Rp111.84 Billion |
| 2004 | 20.73% | 25.14% | 0.49x | 1.69x | Rp90.22 Billion |
| 2005 | 12.26% | 10.14% | 0.38x | 3.16x | Rp25.01 Billion |
| 2006 | 12.08% | 6.80% | 0.43x | 4.17x | Rp30.25 Billion |
| 2007 | 22.45% | 9.08% | 0.42x | 5.95x | Rp295.77 Billion |
| 2008 | 9.94% | 3.40% | 0.50x | 5.86x | Rp-1.72 Billion |
| 2009 | 19.46% | 6.35% | 0.56x | 5.48x | Rp340.36 Billion |
| 2010 | 25.25% | 9.20% | 0.47x | 5.83x | Rp771.75 Billion |
| 2011 | 17.13% | 8.72% | 0.42x | 4.70x | Rp681.88 Billion |
| 2012 | 10.03% | 6.20% | 0.35x | 4.59x | Rp3.22 Billion |
| 2013 | 10.48% | 7.29% | 0.35x | 4.13x | Rp56.07 Billion |
| 2014 | 7.91% | 7.17% | 0.26x | 4.21x | Rp-267.00 Billion |
| 2015 | -0.95% | -1.02% | 0.22x | 4.30x | Rp-1.44 Trillion |
| 2016 | 8.91% | 4.52% | 0.39x | 5.02x | Rp-160.60 Billion |
| 2017 | 8.64% | 4.53% | 0.36x | 5.33x | Rp-227.54 Billion |
| 2018 | 6.81% | 3.82% | 0.34x | 5.18x | Rp-620.26 Billion |
| 2019 | 25.17% | 12.81% | 0.39x | 5.04x | Rp3.00 Trillion |
| 2020 | -0.10% | -0.06% | 0.31x | 5.28x | Rp-2.07 Trillion |
| 2021 | 4.68% | 2.64% | 0.31x | 5.80x | Rp-1.08 Trillion |
| 2022 | 3.98% | 2.74% | 0.27x | 5.40x | Rp-1.28 Trillion |
| 2023 | 5.25% | 4.67% | 0.22x | 5.12x | Rp-1.06 Trillion |
| 2024 | 3.66% | 3.23% | 0.22x | 5.10x | Rp-1.46 Trillion |
Industry Comparison
This section compares Sinar Mas Multiartha Tbk's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $882,223,379,895
- Average return on equity (ROE) among peers: 2.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinar Mas Multiartha Tbk (SMMA) | Rp28.64 Trillion | 33.16% | 3.13x | $85.27 Million |
| Asuransi Bintang Tbk (ASBI) | $840.96 Billion | 1.66% | 0.04x | $1.38 Million |
| Asuransi Dayin Mitra Tbk (ASDM) | $105.19 Billion | 8.11% | 1.27x | $3.10 Million |
| Equity Development Investment (GSMF) | $1.48 Trillion | 1.25% | 2.01x | $2.56 Million |
| Lippo General Insurance Tbk (LPGI) | $879.82 Billion | 7.81% | 1.82x | $8.61 Million |
| Malacca Trust Wuwungan Insurance PT (MTWI) | $240.02 Billion | -3.49% | 1.42x | $3.77 Million |
| Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) | $1.75 Trillion | 1.51% | 2.32x | $111.00 Million |