Saratoga Investama Sedaya
PT Saratoga Investama Sedaya Tbk is a private equity firm specializing in growth stage and special situations investments. It primarily invests in healthcare, digital infrastructure, green economy, precious metals, specialty logistics, cold-chain logistics, carbon off-set credit, energy transition and mineral processing, precious metal and mineral processing, solar energy, automotive, constructio… Read more
Saratoga Investama Sedaya (SRTG) - Net Assets
Latest net assets as of September 2025: Rp49.16 Trillion IDR
Based on the latest financial reports, Saratoga Investama Sedaya (SRTG) has net assets worth Rp49.16 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 (Rp52.84 Trillion) and total liabilities (Rp3.68 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 | Rp49.16 Trillion |
| % of Total Assets | 93.03% |
| Annual Growth Rate | 14.95% |
| 5-Year Change | 64.9% |
| 10-Year Change | 350.95% |
| Growth Volatility | 30.93 |
Saratoga Investama Sedaya - Net Assets Trend (2012–2024)
This chart illustrates how Saratoga Investama Sedaya's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Saratoga Investama Sedaya (2012–2024)
The table below shows the annual net assets of Saratoga Investama Sedaya from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp51.77 Trillion | +6.12% |
| 2023-12-31 | Rp48.79 Trillion | -18.44% |
| 2022-12-31 | Rp59.82 Trillion | +6.79% |
| 2021-12-31 | Rp56.01 Trillion | +78.41% |
| 2020-12-31 | Rp31.40 Trillion | +37.86% |
| 2019-12-31 | Rp22.77 Trillion | +42.66% |
| 2018-12-31 | Rp15.96 Trillion | -28.37% |
| 2017-12-31 | Rp22.29 Trillion | +15.08% |
| 2016-12-31 | Rp19.37 Trillion | +68.69% |
| 2015-12-31 | Rp11.48 Trillion | -0.85% |
| 2014-12-31 | Rp11.58 Trillion | +8.55% |
| 2013-12-31 | Rp10.67 Trillion | +9.63% |
| 2012-12-31 | Rp9.73 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Saratoga Investama Sedaya'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 801.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp46.02 Trillion | 88.93% |
| Common Stock | Rp271.30 Billion | 0.52% |
| Other Comprehensive Income | Rp283.77 Billion | 0.55% |
| Other Components | Rp5.17 Trillion | 9.99% |
| Total Equity | Rp51.75 Trillion | 100.00% |
Saratoga Investama Sedaya Competitors by Market Cap
The table below lists competitors of Saratoga Investama Sedaya ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blumar
SN:BLUMAR
|
$140.13 Million |
|
Immobiliare Grande Distribuzione SIIQ S.p.A
PINK:IMMQF
|
$140.14 Million |
|
Draganfly Inc
NASDAQ:DPRO
|
$140.17 Million |
|
Melar Acquisition Corp. I Class A Ordinary Shares
NASDAQ:MACI
|
$140.20 Million |
|
McBride plc
PINK:MCBRF
|
$140.13 Million |
|
Archer Ltd.
LSE:0RBA
|
$140.11 Million |
|
Tibet Weixinkang Medicine Co Ltd
SHG:603676
|
$140.08 Million |
|
Amcil Ltd
AU:AMH
|
$140.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Saratoga Investama Sedaya's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,708,623,000,000 to 51,746,097,000,000, a change of 3,037,474,000,000 (6.2%).
- Net income of 3,290,197,000,000 contributed positively to equity growth.
- Dividend payments of 297,803,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 44,742,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp3.29 Trillion | +6.36% |
| Dividends Paid | Rp297.80 Billion | -0.58% |
| Other Comprehensive Income | Rp44.74 Billion | +0.09% |
| Other Changes | Rp338.00 Million | +0.0% |
| Total Change | Rp- | 6.24% |
Book Value vs Market Value Analysis
This analysis compares Saratoga Investama Sedaya'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: 0.42x
- 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 0.70x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Rp2221.12 | Rp1565.00 | x |
| 2013-12-31 | Rp806.29 | Rp1565.00 | x |
| 2014-12-31 | Rp812.01 | Rp1565.00 | x |
| 2015-12-31 | Rp776.46 | Rp1565.00 | x |
| 2016-12-31 | Rp1397.48 | Rp1565.00 | x |
| 2017-12-31 | Rp1620.32 | Rp1565.00 | x |
| 2018-12-31 | Rp1147.58 | Rp1565.00 | x |
| 2019-12-31 | Rp1662.27 | Rp1565.00 | x |
| 2020-12-31 | Rp2285.48 | Rp1565.00 | x |
| 2021-12-31 | Rp4104.61 | Rp1565.00 | x |
| 2022-12-31 | Rp4374.56 | Rp1565.00 | x |
| 2023-12-31 | Rp3601.43 | Rp1565.00 | x |
| 2024-12-31 | Rp3768.76 | Rp1565.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Saratoga Investama Sedaya 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): 6.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 61.76%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.12x
- Recent ROE (6.36%) is below the historical average (10.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 18.91% | 77.04% | 0.18x | 1.34x | Rp855.73 Billion |
| 2013 | 2.36% | 6.72% | 0.23x | 1.56x | Rp-795.07 Billion |
| 2014 | 7.29% | 13.11% | 0.37x | 1.48x | Rp-298.55 Billion |
| 2015 | 8.77% | 21.56% | 0.26x | 1.59x | Rp-129.79 Billion |
| 2016 | 29.87% | 76.83% | 0.29x | 1.32x | Rp3.77 Trillion |
| 2017 | 14.67% | 84.32% | 0.14x | 1.21x | Rp1.03 Trillion |
| 2018 | -39.57% | 0.00% | -0.30x | 1.28x | Rp-7.76 Trillion |
| 2019 | 32.44% | 89.44% | 0.31x | 1.17x | Rp5.10 Trillion |
| 2020 | 28.13% | 96.07% | 0.26x | 1.12x | Rp5.69 Trillion |
| 2021 | 44.45% | 95.49% | 0.43x | 1.09x | Rp19.29 Trillion |
| 2022 | 7.72% | 72.83% | 0.10x | 1.07x | Rp-1.37 Trillion |
| 2023 | -20.84% | 0.00% | -0.22x | 1.05x | Rp-15.02 Trillion |
| 2024 | 6.36% | 61.76% | 0.09x | 1.12x | Rp-1.88 Trillion |
Industry Comparison
This section compares Saratoga Investama Sedaya's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $521,421,081,094
- Average return on equity (ROE) among peers: 10.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Saratoga Investama Sedaya (SRTG) | Rp49.16 Trillion | 18.91% | 0.07x | $140.13 Million |
| Ashmore Asset Management Indonesia (AMOR) | $309.50 Billion | 38.28% | 0.27x | $29.73 Million |
| Batavia Prosperindo Int (BPII) | $1.39 Trillion | 6.78% | 1.02x | $28.66 Million |
| Kresna Graha Investama Tbk PT (KREN) | $47.49 Billion | 4.13% | 0.31x | $12.83 Million |
| Provident Agro Tbk (PALM) | $580.93 Billion | 0.00% | 1.73x | $30.43 Million |
| Surya Fajar Capital Tbk PT (SFAN) | $145.32 Billion | 8.77% | 0.38x | $42.07 Million |
| PT Buana Artha Anugerah Tbk (STAR) | $489.25 Billion | 0.18% | 0.54x | $33.93 Million |
| Victoria Investama Tbk (VICO) | $689.37 Billion | 14.02% | 0.12x | $39.73 Million |