Tunas Alfin Tbk
PT Tunas Alfin Tbk engages in the manufacturing and selling of packaging products in Indonesia. The company offers dry and wet lamination, wax lamination, extrusion, and solvent less lamination; direct paper and board metallizing products; and release paper, and adhesive coating products. It also provides printing services; quality control services; and trading, land transportation, and construct… Read more
Tunas Alfin Tbk (TALF) - Net Assets
Latest net assets as of September 2025: Rp1.26 Trillion IDR
Based on the latest financial reports, Tunas Alfin Tbk (TALF) has net assets worth Rp1.26 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 (Rp1.84 Trillion) and total liabilities (Rp583.40 Billion). 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 | Rp1.26 Trillion |
| % of Total Assets | 68.32% |
| Annual Growth Rate | 12.01% |
| 5-Year Change | 20.76% |
| 10-Year Change | 251.79% |
| Growth Volatility | 28.21 |
Tunas Alfin Tbk - Net Assets Trend (2007–2024)
This chart illustrates how Tunas Alfin 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 Tunas Alfin Tbk (2007–2024)
The table below shows the annual net assets of Tunas Alfin Tbk from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp1.23 Trillion | +1.20% |
| 2023-12-31 | Rp1.22 Trillion | +2.61% |
| 2022-12-31 | Rp1.19 Trillion | +13.24% |
| 2021-12-31 | Rp1.05 Trillion | +2.70% |
| 2020-12-31 | Rp1.02 Trillion | +1.18% |
| 2019-12-31 | Rp1.01 Trillion | +14.43% |
| 2018-12-31 | Rp881.17 Billion | +15.01% |
| 2017-12-31 | Rp766.16 Billion | +1.90% |
| 2016-12-31 | Rp751.90 Billion | +114.70% |
| 2015-12-31 | Rp350.20 Billion | +9.69% |
| 2014-12-31 | Rp319.26 Billion | +9.78% |
| 2013-12-31 | Rp290.82 Billion | +10.28% |
| 2012-12-31 | Rp263.70 Billion | +32.66% |
| 2008-12-31 | Rp198.78 Billion | +10.97% |
| 2007-12-31 | Rp179.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tunas Alfin 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 887.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp431.12 Billion | 36.11% |
| Common Stock | Rp135.34 Billion | 11.34% |
| Other Comprehensive Income | Rp657.50 Billion | 55.07% |
| Total Equity | Rp1.19 Trillion | 100.00% |
Tunas Alfin Tbk Competitors by Market Cap
The table below lists competitors of Tunas Alfin Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gentrogroup Co. Ltd.
KQ:083660
|
$4.07 Million |
|
Copper Lake Resources Ltd
PINK:WTCZF
|
$4.07 Million |
|
Glorious Property Holdings Limited
F:GI0A
|
$4.08 Million |
|
Noida Toll Bridge Company Limited
NSE:NOIDATOLL
|
$4.08 Million |
|
Mayfield Childcare Ltd
AU:MFD
|
$4.07 Million |
|
RCL Foods Ltd
JSE:RCL
|
$4.07 Million |
|
Electric Last Mile Solutions Inc
OTCMKTS:ELMSQ
|
$4.07 Million |
|
Sri Havisha Hospitality and Infrastructure Limited
NSE:HAVISHA
|
$4.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tunas Alfin Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,179,653,815,000 to 1,193,897,988,000, a change of 14,244,173,000 (1.2%).
- Net income of 18,078,577,000 contributed positively to equity growth.
- Dividend payments of 10,827,480,000 reduced retained earnings.
- Other comprehensive income increased equity by 100,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp18.08 Billion | +1.51% |
| Dividends Paid | Rp10.83 Billion | -0.91% |
| Other Comprehensive Income | Rp100.00 Million | +0.01% |
| Other Changes | Rp6.89 Billion | +0.58% |
| Total Change | Rp- | 1.21% |
Book Value vs Market Value Analysis
This analysis compares Tunas Alfin 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: 0.60x
- 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 2.69x to 0.60x 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 | Rp194.84 | Rp525.00 | x |
| 2013-12-31 | Rp201.20 | Rp525.00 | x |
| 2014-12-31 | Rp235.89 | Rp525.00 | x |
| 2015-12-31 | Rp258.75 | Rp525.00 | x |
| 2016-12-31 | Rp555.55 | Rp525.00 | x |
| 2017-12-31 | Rp566.09 | Rp525.00 | x |
| 2018-12-31 | Rp645.68 | Rp525.00 | x |
| 2019-12-31 | Rp724.59 | Rp525.00 | x |
| 2020-12-31 | Rp732.85 | Rp525.00 | x |
| 2021-12-31 | Rp751.83 | Rp525.00 | x |
| 2022-12-31 | Rp848.99 | Rp525.00 | x |
| 2023-12-31 | Rp871.60 | Rp525.00 | x |
| 2024-12-31 | Rp882.12 | Rp525.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tunas Alfin 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): 1.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.35%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.54x
- Recent ROE (1.51%) is below the historical average (6.56%), 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 | 15.89% | 11.55% | 1.11x | 1.24x | Rp15.53 Billion |
| 2013 | 14.10% | 9.07% | 1.24x | 1.25x | Rp11.16 Billion |
| 2014 | 18.13% | 10.37% | 1.29x | 1.36x | Rp25.96 Billion |
| 2015 | 9.63% | 7.08% | 1.10x | 1.24x | Rp-1.30 Billion |
| 2016 | 4.01% | 5.29% | 0.65x | 1.17x | Rp-45.05 Billion |
| 2017 | 2.80% | 3.32% | 0.70x | 1.20x | Rp-55.15 Billion |
| 2018 | 5.77% | 5.44% | 0.84x | 1.26x | Rp-37.00 Billion |
| 2019 | 2.73% | 2.89% | 0.70x | 1.36x | Rp-71.32 Billion |
| 2020 | 1.78% | 1.73% | 0.69x | 1.49x | Rp-81.54 Billion |
| 2021 | 2.02% | 1.96% | 0.67x | 1.54x | Rp-81.17 Billion |
| 2022 | 3.67% | 3.20% | 0.73x | 1.56x | Rp-72.74 Billion |
| 2023 | 3.23% | 3.02% | 0.73x | 1.47x | Rp-79.88 Billion |
| 2024 | 1.51% | 1.35% | 0.73x | 1.54x | Rp-101.31 Billion |
Industry Comparison
This section compares Tunas Alfin Tbk's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $514,109,495,259
- Average return on equity (ROE) among peers: 4.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tunas Alfin Tbk (TALF) | Rp1.26 Trillion | 15.89% | 0.46x | $4.07 Million |
| Argha Karya Prima Ind Tbk (AKPI) | $1.11 Trillion | 2.50% | 1.60x | $3.21 Million |
| Asiaplast Industries Tbk (APLI) | $153.08 Billion | 3.60% | 0.44x | $2.81 Million |
| Berlina Tbk (BRNA) | $358.07 Billion | 14.77% | 2.73x | $12.41 Million |
| Megalestari Epack Sentosaraya Pt (EPAC) | $181.26 Billion | 1.32% | 1.05x | $2.02 Million |
| Sinergi Inti Plastindo (ESIP) | $97.22 Billion | 0.90% | 0.04x | $1.55 Million |
| Champion Pacific Indonesia Tbk (IGAR) | $116.57 Billion | 6.89% | 1.15x | $3.09 Million |
| Indopoly Swakarsa Industry Tbk (IPOL) | $177.03 Million | 0.60% | 1.10x | $6.24 Million |
| Kedawung Setia Industrial Tbk (KDSI) | $127.25 Billion | 0.00% | 2.23x | $4.38 Million |
| PT Abadi Nusantara Hijau Investama Tbk (PACK) | $54.73 Billion | 4.18% | 0.41x | $5.49 Million |
| Panca Budi Idaman Tbk PT (PBID) | $2.95 Trillion | 13.60% | 0.18x | $31.84 Million |