Saratoga Investama Sedaya (SRTG) - Net Assets

Latest as of September 2025: Rp49.16 Trillion IDR ≈ $2.88 Billion USD

Based on the latest financial reports, Saratoga Investama Sedaya (SRTG) has net assets worth Rp49.16 Trillion IDR (≈ $2.88 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 (Rp52.84 Trillion ≈ $3.10 Billion USD) and total liabilities (Rp3.68 Trillion ≈ $215.83 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 how tangible is Saratoga Investama Sedaya's equity to evaluate the tangible quality of the company's equity base.

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. See Saratoga Investama Sedaya (SRTG) liquidity interval to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see SRTG company net worth.

Year	Net Assets	Change
2024-12-31	Rp51.77 Trillion ≈ $3.03 Billion	+6.12%
2023-12-31	Rp48.79 Trillion ≈ $2.86 Billion	-18.44%
2022-12-31	Rp59.82 Trillion ≈ $3.51 Billion	+6.79%
2021-12-31	Rp56.01 Trillion ≈ $3.28 Billion	+78.41%
2020-12-31	Rp31.40 Trillion ≈ $1.84 Billion	+37.86%
2019-12-31	Rp22.77 Trillion ≈ $1.33 Billion	+42.66%
2018-12-31	Rp15.96 Trillion ≈ $935.44 Million	-28.37%
2017-12-31	Rp22.29 Trillion ≈ $1.31 Billion	+15.08%
2016-12-31	Rp19.37 Trillion ≈ $1.13 Billion	+68.69%
2015-12-31	Rp11.48 Trillion ≈ $672.73 Million	-0.85%
2014-12-31	Rp11.58 Trillion ≈ $678.53 Million	+8.55%
2013-12-31	Rp10.67 Trillion ≈ $625.09 Million	+9.63%
2012-12-31	Rp9.73 Trillion ≈ $570.16 Million	--

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
Shanghai Prisemi Electronics Co Ltd SHG:688230	$1.19 Billion
Wuxi ETEK Microelectronics Co Ltd SHG:688601	$1.19 Billion
CHINA RISUN GROUP HD-10 F:45Y	$1.19 Billion
Instalco Intressenter AB ST:INSTAL	$1.19 Billion
Ficont Industry (Beijing) Co. Ltd. SHG:605305	$1.18 Billion
Cadre Holdings Inc NYSE:CDRE	$1.18 Billion
SK Securities Co Ltd Preference Shares KO:001515	$1.18 Billion
Shijiazhuang Kelin Elec Co SHG:603050	$1.18 Billion

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: 0.40x
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 0.67x to 0.40x 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	Rp1495.00	x
2013-12-31	Rp806.29	Rp1495.00	x
2014-12-31	Rp812.01	Rp1495.00	x
2015-12-31	Rp776.46	Rp1495.00	x
2016-12-31	Rp1397.48	Rp1495.00	x
2017-12-31	Rp1620.32	Rp1495.00	x
2018-12-31	Rp1147.58	Rp1495.00	x
2019-12-31	Rp1662.27	Rp1495.00	x
2020-12-31	Rp2285.48	Rp1495.00	x
2021-12-31	Rp4104.61	Rp1495.00	x
2022-12-31	Rp4374.56	Rp1495.00	x
2023-12-31	Rp3601.43	Rp1495.00	x
2024-12-31	Rp3768.76	Rp1495.00	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: $1,078,678,483,143
Average return on equity (ROE) among peers: 4.75%

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	$1.19 Billion
Ashmore Asset Management Indonesia (AMOR)	$285.55 Billion	27.86%	0.18x	$42.40 Million
Batavia Prosperindo Int (BPII)	$1.39 Trillion	6.78%	1.02x	$261.79 Million
Kresna Graha Investama Tbk PT (KREN)	$26.25 Billion	2.95%	0.31x	$14.93 Million
Provident Agro Tbk (PALM)	$1.54 Trillion	4.43%	0.85x	$293.16 Million
Surya Fajar Capital Tbk PT (SFAN)	$138.32 Billion	-8.70%	0.51x	$157.78 Million
PT Buana Artha Anugerah Tbk (STAR)	$515.08 Billion	0.82%	0.00x	$88.32 Million
Victoria Investama Tbk (VICO)	$3.66 Trillion	-0.87%	6.09x	$129.29 Million

About Saratoga Investama Sedaya

JK:SRTG Indonesia Asset Management

Market Cap

$1.19 Billion

Rp20.26 Trillion IDR

Market Cap Rank

#8350 Global

#77 in Indonesia

Share Price

Rp1495.00

Change (1 day)

+4.18%

52-Week Range

Rp1250.00 - Rp2030.00

All Time High

Rp3563.28