Sinar Mas Multiartha Tbk (SMMA) - Net Assets

Latest as of September 2025: Rp28.64 Trillion IDR ≈ $1.68 Billion USD

Based on the latest financial reports, Sinar Mas Multiartha Tbk (SMMA) has net assets worth Rp28.64 Trillion IDR (≈ $1.68 Billion USD) 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 ≈ $6.93 Billion USD) and total liabilities (Rp89.66 Trillion ≈ $5.25 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 SMMA asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore SMMA total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Sinar Mas Multiartha Tbk market cap and net worth.

Year Net Assets Change
2024-12-31 Rp25.21 Trillion
≈ $1.48 Billion		 -12.37%
2023-12-31 Rp28.76 Trillion
≈ $1.69 Billion		 +21.49%
2022-12-31 Rp23.68 Trillion
≈ $1.39 Billion		 +3.92%
2021-12-31 Rp22.78 Trillion
≈ $1.33 Billion		 -0.61%
2020-12-31 Rp22.92 Trillion
≈ $1.34 Billion		 +3.42%
2019-12-31 Rp22.16 Trillion
≈ $1.30 Billion		 -11.74%
2018-12-31 Rp25.11 Trillion
≈ $1.47 Billion		 +9.44%
2017-12-31 Rp22.95 Trillion
≈ $1.34 Billion		 +12.21%
2016-12-31 Rp20.45 Trillion
≈ $1.20 Billion		 +11.28%
2015-12-31 Rp18.38 Trillion
≈ $1.08 Billion		 -2.37%
2014-12-31 Rp18.82 Trillion
≈ $1.10 Billion		 +9.90%
2013-12-31 Rp17.13 Trillion
≈ $1.00 Billion		 +5.35%
2012-12-31 Rp16.26 Trillion
≈ $952.52 Million		 +11.45%
2011-12-31 Rp14.59 Trillion
≈ $854.66 Million		 +177.24%
2010-12-31 Rp5.26 Trillion
≈ $308.27 Million		 +46.24%
2009-12-31 Rp3.60 Trillion
≈ $210.80 Million		 +30.07%
2008-12-31 Rp2.77 Trillion
≈ $162.07 Million		 +12.17%
2007-12-31 Rp2.47 Trillion
≈ $144.48 Million		 +61.72%
2006-12-31 Rp1.52 Trillion
≈ $89.34 Million		 +28.15%
2005-12-31 Rp1.19 Trillion
≈ $69.71 Million		 +41.46%
2004-12-31 Rp841.05 Billion
≈ $49.28 Million		 +38.36%
2003-12-31 Rp607.89 Billion
≈ $35.62 Million		 +174.25%
2002-12-31 Rp221.66 Billion
≈ $12.99 Million		 +50.20%
2001-12-31 Rp147.57 Billion
≈ $8.65 Million		 -23.52%
2000-12-31 Rp192.97 Billion
≈ $11.31 Million		 --

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
ANJI Technology Co. Ltd
TW:6477
 $130.26 Million
AB Klaipedos nafta
F:XIC
 $130.27 Million
Bike24 Holding AG
F:BIKE
 $130.29 Million
Thac Mo Hydropower JSC
VN:TMP
 $130.32 Million
First Steamship Co Ltd
TW:2601
 $130.18 Million
Simmtech Holdings Co. Ltd
KQ:036710
 $130.17 Million
Paramount Communications Limited
NSE:PARACABLES
 $130.15 Million
Tile Shop Holdings Inc
NASDAQ:TTSH
 $130.12 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: 4.32x
  • 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 31.73x to 4.32x 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 Rp15600.00 x
2008-12-31 Rp466.31 Rp15600.00 x
2009-12-31 Rp538.92 Rp15600.00 x
2010-12-31 Rp749.03 Rp15600.00 x
2011-12-31 Rp1352.66 Rp15600.00 x
2012-12-31 Rp1501.31 Rp15600.00 x
2013-12-31 Rp1855.59 Rp15600.00 x
2014-12-31 Rp2049.48 Rp15600.00 x
2015-12-31 Rp2075.18 Rp15600.00 x
2016-12-31 Rp2316.60 Rp15600.00 x
2017-12-31 Rp2625.07 Rp15600.00 x
2018-12-31 Rp3052.47 Rp15600.00 x
2019-12-31 Rp3106.99 Rp15600.00 x
2020-12-31 Rp3225.52 Rp15600.00 x
2021-12-31 Rp3183.71 Rp15600.00 x
2022-12-31 Rp3330.03 Rp15600.00 x
2023-12-31 Rp3498.88 Rp15600.00 x
2024-12-31 Rp3609.39 Rp15600.00 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: $623,375,184,989
  • Average return on equity (ROE) among peers: 4.12%

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 $130.24 Million
Asuransi Bintang Tbk (ASBI) $73.58 Billion 0.00% 1.47x $8.57 Million
Asuransi Dayin Mitra Tbk (ASDM) $89.19 Million 10.23% 1.03x $13.84 Million
Equity Development Investment (GSMF) $913.07 Billion 9.40% 3.72x $8.45 Million
Lippo General Insurance Tbk (LPGI) $879.82 Billion 7.81% 1.82x $125.69 Million
Malacca Trust Wuwungan Insurance PT (MTWI) $128.28 Billion -4.21% 0.85x $53.81 Million
Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) $1.75 Trillion 1.51% 2.32x $263.55 Million

About Sinar Mas Multiartha Tbk

JK:SMMA Indonesia Insurance - Diversified
Market Cap
$130.24 Million
Rp2.22 Trillion IDR
Market Cap Rank
#18174 Global
#307 in Indonesia
Share Price
Rp15600.00
Change (1 day)
+4.00%
52-Week Range
Rp12200.00 - Rp22700.00
All Time High
Rp22700.00
Categories
Companies in Indonesia Insurance - Diversified
About

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