Tifa Finance Tbk
PT KDB Tifa Finance Tbk engages in the investment financing, working capital financing, and multipurpose financing businesses in Indonesia. The company operates through four segments: Finance Lease, Multipurpose Financing, Sharia Financing, and Treasury. The company offers sales and leaseback, factoring with collateral, and installment financing; business capital facility; operating lease; and fr… Read more
Tifa Finance Tbk (TIFA) - Net Assets
Latest net assets as of September 2025: Rp1.20 Trillion IDR
Based on the latest financial reports, Tifa Finance Tbk (TIFA) has net assets worth Rp1.20 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 (Rp1.79 Trillion) and total liabilities (Rp591.62 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 | Rp1.20 Trillion |
| % of Total Assets | 66.89% |
| Annual Growth Rate | 15.01% |
| 5-Year Change | 232.84% |
| 10-Year Change | 310.31% |
| Growth Volatility | 44.09 |
Tifa Finance Tbk - Net Assets Trend (2008–2024)
This chart illustrates how Tifa Finance 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 Tifa Finance Tbk (2008–2024)
The table below shows the annual net assets of Tifa Finance Tbk from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp1.22 Trillion | +5.72% |
| 2023-12-31 | Rp1.15 Trillion | +5.47% |
| 2022-12-31 | Rp1.09 Trillion | +5.52% |
| 2021-12-31 | Rp1.03 Trillion | +182.88% |
| 2020-12-31 | Rp365.20 Billion | -1.49% |
| 2019-12-31 | Rp370.71 Billion | -14.58% |
| 2018-12-31 | Rp433.99 Billion | +48.15% |
| 2017-12-31 | Rp292.95 Billion | -3.98% |
| 2016-12-31 | Rp305.10 Billion | +2.99% |
| 2015-12-31 | Rp296.24 Billion | +3.04% |
| 2014-12-31 | Rp287.49 Billion | +10.38% |
| 2013-12-31 | Rp260.45 Billion | +8.67% |
| 2012-12-31 | Rp239.66 Billion | +16.31% |
| 2011-12-31 | Rp206.05 Billion | +24.28% |
| 2010-12-31 | Rp165.80 Billion | +14.70% |
| 2009-12-31 | Rp144.55 Billion | +11.47% |
| 2008-12-31 | Rp129.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tifa Finance 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 1894.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp455.11 Billion | 37.44% |
| Common Stock | Rp355.22 Billion | 29.22% |
| Other Comprehensive Income | Rp650.00 Million | 0.05% |
| Other Components | Rp404.53 Billion | 33.28% |
| Total Equity | Rp1.22 Trillion | 100.00% |
Tifa Finance Tbk Competitors by Market Cap
The table below lists competitors of Tifa Finance Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Altamin Ltd
AU:AZI
|
$5.38 Million |
|
Cosigo Resources Ltd.
V:CSG
|
$5.38 Million |
|
Intouch Insight Ltd
OTCQX:INXSF
|
$5.38 Million |
|
InnoTherapy Inc
KQ:246960
|
$5.38 Million |
|
Bodegas Riojanas S.A.
MC:RIO
|
$5.37 Million |
|
Biomerica Inc
NASDAQ:BMRA
|
$5.37 Million |
|
Gillanders Arbuthnot & Company Limited
NSE:GILLANDERS
|
$5.37 Million |
|
C-SITE Co., Ltd.
KQ:109670
|
$5.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tifa Finance Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,149,791,707,000 to 1,215,511,805,000, a change of 65,720,098,000 (5.7%).
- Net income of 65,048,869,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 361,516,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp65.05 Billion | +5.35% |
| Other Comprehensive Income | Rp361.52 Million | +0.03% |
| Other Changes | Rp309.71 Million | +0.03% |
| Total Change | Rp- | 5.72% |
Book Value vs Market Value Analysis
This analysis compares Tifa Finance 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: 0.96x
- 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 1.36x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | Rp241.22 | Rp328.00 | x |
| 2014-12-31 | Rp266.27 | Rp328.00 | x |
| 2015-12-31 | Rp274.38 | Rp328.00 | x |
| 2016-12-31 | Rp1299.65 | Rp328.00 | x |
| 2017-12-31 | Rp1511.51 | Rp328.00 | x |
| 2018-12-31 | Rp1403.14 | Rp328.00 | x |
| 2019-12-31 | Rp343.34 | Rp328.00 | x |
| 2020-12-31 | Rp338.24 | Rp328.00 | x |
| 2021-12-31 | Rp572.48 | Rp328.00 | x |
| 2022-12-31 | Rp306.89 | Rp328.00 | x |
| 2023-12-31 | Rp323.68 | Rp328.00 | x |
| 2024-12-31 | Rp342.18 | Rp328.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tifa Finance 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): 5.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.59%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.69x
- Recent ROE (5.35%) is below the historical average (8.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 9.17% | 22.36% | 0.16x | 2.51x | Rp-1.07 Billion |
| 2009 | 12.52% | 28.27% | 0.15x | 2.87x | Rp3.65 Billion |
| 2010 | 17.03% | 26.20% | 0.15x | 4.47x | Rp11.65 Billion |
| 2011 | 19.07% | 25.80% | 0.15x | 4.92x | Rp18.69 Billion |
| 2012 | 18.08% | 25.11% | 0.16x | 4.53x | Rp19.37 Billion |
| 2013 | 12.13% | 40.48% | 0.08x | 3.96x | Rp5.54 Billion |
| 2014 | 12.63% | 49.64% | 0.07x | 3.76x | Rp7.55 Billion |
| 2015 | 6.77% | 6.91% | 0.22x | 4.54x | Rp-9.56 Billion |
| 2016 | 1.72% | 8.07% | 0.72x | 0.29x | Rp-116.17 Billion |
| 2017 | 1.89% | 8.85% | 0.87x | 0.25x | Rp-132.33 Billion |
| 2018 | 2.45% | 9.20% | 0.74x | 0.36x | Rp-114.43 Billion |
| 2019 | 8.91% | 9.27% | 0.29x | 3.27x | Rp-4.04 Billion |
| 2020 | 4.08% | 9.68% | 0.14x | 3.02x | Rp-21.63 Billion |
| 2021 | 2.59% | 23.47% | 0.08x | 1.35x | Rp-76.57 Billion |
| 2022 | 5.22% | 37.78% | 0.09x | 1.47x | Rp-52.11 Billion |
| 2023 | 5.21% | 36.22% | 0.09x | 1.57x | Rp-55.08 Billion |
| 2024 | 5.35% | 36.59% | 0.09x | 1.69x | Rp-56.50 Billion |
Industry Comparison
This section compares Tifa Finance Tbk's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,564,030,048,143
- Average return on equity (ROE) among peers: 9.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tifa Finance Tbk (TIFA) | Rp1.20 Trillion | 9.17% | 0.50x | $5.37 Million |
| Adira Dinamika Multi Finance (ADMF) | $7.03 Trillion | 25.83% | 3.48x | $130.76 Million |
| Buana Finance Tbk (BBLD) | $1.24 Trillion | 2.31% | 1.88x | $25.56 Million |
| BFI Finance Indonesia Tbk (BFIN) | $611.95 Billion | 16.06% | 0.84x | $317.78 Million |
| Batavia Prosperindo Finance (BPFI) | $621.93 Billion | 8.00% | 1.53x | $4.55 Million |
| Clipan Finance Indonesia Tbk (CFIN) | $4.35 Trillion | 7.02% | 1.55x | $38.73 Million |
| Danasupra Erapacific Tbk (DEFI) | $43.01 Billion | 2.40% | 0.75x | $1.92 Million |
| Fuji Finance Indonesia Tbk PT (FUJI) | $48.65 Billion | 16.42% | 0.01x | $835.77K |
| Radana Bhaskara Finance Tbk (HDFA) | $513.33 Billion | 4.99% | 6.02x | $1.88 Million |
| Intan Baruprana Finance Tbk (IBFN) | $-631.13 Billion | 0.00% | 0.00x | $1.28 Million |
| Mandala Multifinance Tbk (MFIN) | $1.81 Trillion | 14.08% | 0.96x | $1.81 Million |