Suparma Tbk (SPMA) - Net Assets

Latest as of June 2025: Rp2.44 Trillion IDR ≈ $142.84 Million USD

Based on the latest financial reports, Suparma Tbk (SPMA) has net assets worth Rp2.44 Trillion IDR (≈ $142.84 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp3.50 Trillion ≈ $205.27 Million USD) and total liabilities (Rp1.07 Trillion ≈ $62.42 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 Suparma Tbk liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp2.44 Trillion
% of Total Assets	69.59%
Annual Growth Rate	8.6%
5-Year Change	55.72%
10-Year Change	216.83%
Growth Volatility	31.05

Suparma Tbk - Net Assets Trend (2000–2024)

This chart illustrates how Suparma Tbk's net assets have evolved over time, based on quarterly financial data. Also explore Suparma Tbk (SPMA) total assets for the complete picture of this company's asset base.

Annual Net Assets for Suparma Tbk (2000–2024)

The table below shows the annual net assets of Suparma Tbk from 2000 to 2024. For live valuation and market cap data, see Suparma Tbk market capitalisation.

Year	Net Assets	Change
2024-12-31	Rp2.38 Trillion ≈ $139.73 Million	+2.81%
2023-12-31	Rp2.32 Trillion ≈ $135.91 Million	+8.07%
2022-12-31	Rp2.15 Trillion ≈ $125.76 Million	+18.22%
2021-12-31	Rp1.82 Trillion ≈ $106.38 Million	+18.55%
2020-12-31	Rp1.53 Trillion ≈ $89.73 Million	+11.17%
2019-12-31	Rp1.38 Trillion ≈ $80.72 Million	+9.80%
2018-12-31	Rp1.25 Trillion ≈ $73.52 Million	+7.03%
2017-12-31	Rp1.17 Trillion ≈ $68.69 Million	+8.62%
2016-12-31	Rp1.08 Trillion ≈ $63.23 Million	+43.37%
2015-12-31	Rp752.68 Billion ≈ $44.10 Million	-6.45%
2014-12-31	Rp804.60 Billion ≈ $47.15 Million	+6.49%
2013-12-31	Rp755.53 Billion ≈ $44.27 Million	-3.07%
2012-12-31	Rp779.49 Billion ≈ $45.68 Million	+3.73%
2011-12-31	Rp751.46 Billion ≈ $44.03 Million	+4.60%
2010-12-31	Rp718.39 Billion ≈ $42.09 Million	+4.30%
2009-12-31	Rp688.76 Billion ≈ $40.36 Million	+4.07%
2008-12-31	Rp661.83 Billion ≈ $38.78 Million	-2.12%
2007-12-31	Rp676.13 Billion ≈ $39.62 Million	+50.67%
2006-12-31	Rp448.74 Billion ≈ $26.29 Million	+10.64%
2005-12-31	Rp405.57 Billion ≈ $23.76 Million	+138.69%
2004-12-31	Rp169.92 Billion ≈ $9.96 Million	-23.38%
2003-12-31	Rp221.78 Billion ≈ $13.00 Million	+5.33%
2002-12-31	Rp210.55 Billion ≈ $12.34 Million	-21.43%
2001-12-31	Rp267.98 Billion ≈ $15.70 Million	-18.52%
2000-12-31	Rp328.90 Billion ≈ $19.27 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Suparma 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 102917748900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Rp1.03 Trillion	43.16%
Common Stock	Rp1.26 Trillion	52.91%
Other Comprehensive Income	Rp89.55 Billion	3.76%
Other Components	Rp4.32 Billion	0.18%
Total Equity	Rp2.38 Trillion	100.00%

Suparma Tbk Competitors by Market Cap

The table below lists competitors of Suparma Tbk ranked by their market capitalization.

Company	Market Cap
IRSA Propiedades Comerciales S.A BA:IRCP	$50.48 Million
Birla Cable Limited NSE:BIRLACABLE	$50.51 Million
Corentec Co Ltd KQ:104540	$50.52 Million
Nam Liong Global Corp TWO:5450	$50.52 Million
Entera Bio Ltd NASDAQ:ENTX	$50.44 Million
Wallbox NV NYSE:WBX	$50.43 Million
Guandian Defense Technology Co. Ltd. A SHG:688287	$50.42 Million
JERSEY OIL+GAS PLC LS-01 F:TPC1	$50.41 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Suparma Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,319,418,975,917 to 2,384,681,865,000, a change of 65,262,889,083 (2.8%).
Net income of 104,838,994,000 contributed positively to equity growth.
Dividend payments of 37,759,958,000 reduced retained earnings.
Other comprehensive income increased equity by 19,501,298,966.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rp104.84 Billion	+4.4%
Dividends Paid	Rp37.76 Billion	-1.58%
Other Comprehensive Income	Rp19.50 Billion	+0.82%
Other Changes	Rp-21.32 Billion	-0.89%
Total Change	Rp-	2.81%

Book Value vs Market Value Analysis

This analysis compares Suparma 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: 0.28x
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 0.61x to 0.28x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	Rp342.15	Rp210.00	x
2017-12-31	Rp371.65	Rp210.00	x
2018-12-31	Rp397.78	Rp210.00	x
2019-12-31	Rp436.75	Rp210.00	x
2020-12-31	Rp485.53	Rp210.00	x
2021-12-31	Rp660.73	Rp210.00	x
2022-12-31	Rp680.48	Rp210.00	x
2023-12-31	Rp735.37	Rp210.00	x
2024-12-31	Rp756.06	Rp210.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Suparma 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): 4.40%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.84%
• Asset Turnover: 0.80x
• Equity Multiplier: 1.42x
Recent ROE (4.40%) is below the historical average (6.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	5.06%	2.39%	0.46x	4.65x	Rp-10.95 Billion
2005	2.01%	1.41%	0.44x	3.26x	Rp-32.41 Billion
2006	5.19%	3.38%	0.50x	3.08x	Rp-21.58 Billion
2007	4.05%	3.36%	0.54x	2.22x	Rp-40.22 Billion
2009	3.91%	2.64%	0.71x	2.08x	Rp-41.94 Billion
2010	4.12%	2.55%	0.78x	2.07x	Rp-42.22 Billion
2011	4.40%	2.78%	0.77x	2.07x	Rp-42.07 Billion
2012	5.12%	3.13%	0.77x	2.14x	Rp-38.06 Billion
2014	6.04%	3.13%	0.74x	2.60x	Rp-31.86 Billion
2015	-5.66%	-2.63%	0.74x	2.90x	Rp-117.87 Billion
2016	7.51%	4.19%	0.90x	2.00x	Rp-26.85 Billion
2017	7.87%	4.41%	0.96x	1.86x	Rp-24.94 Billion
2018	6.55%	3.44%	1.05x	1.82x	Rp-43.23 Billion
2019	9.51%	5.21%	1.06x	1.72x	Rp-6.75 Billion
2020	10.61%	7.55%	0.93x	1.51x	Rp9.39 Billion
2021	16.21%	10.53%	1.02x	1.51x	Rp112.78 Billion
2022	15.66%	10.71%	0.97x	1.51x	Rp121.51 Billion
2023	7.70%	6.72%	0.80x	1.42x	Rp-53.28 Billion
2024	4.40%	3.84%	0.80x	1.42x	Rp-133.63 Billion

Industry Comparison

This section compares Suparma Tbk's net assets metrics with peer companies in the Paper & Paper Products industry.

Industry Context

Industry: Paper & Paper Products
Average net assets among peers: $458,780,350,892
Average return on equity (ROE) among peers: 8.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Suparma Tbk (SPMA)	Rp2.44 Trillion	5.06%	0.44x	$50.46 Million
Alkindo Naratama Tbk (ALDO)	$88.58 Billion	6.87%	1.08x	$94.84 Million
Indah Kiat Pulp & Paper Tbk (INKP)	$4.01 Billion	6.85%	1.12x	$3.13 Billion
Toba Pulp Lestari Tbk (INRU)	$2.16 Trillion	23.07%	1.12x	$48.02 Million
Inter-Delta Tbk (INTD)	$38.80 Billion	4.46%	0.35x	$8.18 Million
Pabrik Kertas Tjiwi Kimia Tbk (TKIM)	$558.60 Million	0.00%	2.79x	$1.58 Billion

About Suparma Tbk

JK:SPMA Indonesia Paper & Paper Products

Market Cap

$50.46 Million

Rp861.07 Billion IDR

Market Cap Rank

#21849 Global

#427 in Indonesia

Share Price

Rp210.00

Change (1 day)

+0.00%

52-Week Range

Rp206.00 - Rp384.00

All Time High

Rp712.39