PT Sarana Menara Net Assets
PT Sarana Menara net assets. Based on the latest financial reports, PT Sarana Menara (TOWR) has net assets worth Rp19.90 Trillion IDR (≈ $1.17 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp77.63 Trillion ≈ $4.55 Billion USD) and total liabilities (Rp57.73 Trillion ≈ $3.38 Billion 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. Also explore TOWR shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp19.90 Trillion |
| % of Total Assets | 25.64% |
| Annual Growth Rate | 25.37% |
| 5-Year Change | 88.23% |
| 10-Year Change | 149.65% |
| Growth Volatility | 39.13 |
Net Assets of PT Sarana Menara (2008–2024)
Net assets of PT Sarana Menara from 2008 to 2024. This chart illustrates how PT Sarana Menara's net assets have evolved over time, based on quarterly financial data. See TOWR net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for PT Sarana Menara (2008–2024)
The table below shows the annual net assets of PT Sarana Menara from 2008 to 2024. For live market cap and overall valuation, see TOWR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp19.17 Trillion ≈ $1.12 Billion |
+16.09% |
| 2023-12-31 | Rp16.51 Trillion ≈ $967.52 Million |
+14.41% |
| 2022-12-31 | Rp14.43 Trillion ≈ $845.68 Million |
+19.65% |
| 2021-12-31 | Rp12.06 Trillion ≈ $706.79 Million |
+18.44% |
| 2020-12-31 | Rp10.18 Trillion ≈ $596.74 Million |
+16.25% |
| 2019-12-31 | Rp8.76 Trillion ≈ $513.34 Million |
+9.05% |
| 2018-12-31 | Rp8.03 Trillion ≈ $470.72 Million |
+13.12% |
| 2017-12-31 | Rp7.10 Trillion ≈ $416.14 Million |
-33.68% |
| 2016-12-31 | Rp10.71 Trillion ≈ $627.47 Million |
+39.46% |
| 2015-12-31 | Rp7.68 Trillion ≈ $449.93 Million |
+64.45% |
| 2014-12-31 | Rp4.67 Trillion ≈ $273.60 Million |
+28.16% |
| 2013-12-31 | Rp3.64 Trillion ≈ $213.49 Million |
+6.58% |
| 2012-12-31 | Rp3.42 Trillion ≈ $200.31 Million |
+125.10% |
| 2011-12-31 | Rp1.52 Trillion ≈ $88.99 Million |
+23.96% |
| 2010-12-31 | Rp1.23 Trillion ≈ $71.78 Million |
+9.83% |
| 2009-12-31 | Rp1.12 Trillion ≈ $65.36 Million |
+116.87% |
| 2008-12-31 | Rp514.34 Billion ≈ $30.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PT Sarana Menara'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 1959271700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
PT Sarana Menara Net Assets Breakdown (December 2024)
PT Sarana Menara net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp19.12 Trillion | 100.12% |
| Common Stock | Rp510.15 Billion | 2.67% |
| Other Comprehensive Income | Rp184.17 Billion | 0.96% |
| Total Equity | Rp19.10 Trillion | 100.00% |
PT Sarana Menara Competitors by Market Cap
The table below lists competitors of PT Sarana Menara ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yangling Metron New Material Co Ltd
SHE:300861
|
$1.25 Billion |
|
Hana Microelectronics Public Company Limited
BK:HANA
|
$1.25 Billion |
|
Klöckner & Co SE
XETRA:KCO
|
$1.25 Billion |
|
Rolls-Royce Holdings PLC
LSE:RR
|
$1.25 Billion |
|
Zhejiang Jiangshan Chemical Co Ltd
SHE:002061
|
$1.25 Billion |
|
TianJin 712 Communication & Broadcasting Co Ltd
SHG:603712
|
$1.25 Billion |
|
Pennant Group Inc
NASDAQ:PNTG
|
$1.25 Billion |
|
InnovAge Holding Corp
NASDAQ:INNV
|
$1.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Sarana Menara's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,456,392,000,000 to 19,098,622,000,000, a change of 2,642,230,000,000 (16.1%).
- Net income of 3,335,437,000,000 contributed positively to equity growth.
- Dividend payments of 901,363,000,000 reduced retained earnings.
- Share repurchases of 107,202,000,000 reduced equity.
- New share issuances of 107,202,000,000 increased equity.
- Other comprehensive income increased equity by 11,829,000,000.
- Other factors increased equity by 196,327,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp3.34 Trillion | +17.46% |
| Dividends Paid | Rp901.36 Billion | -4.72% |
| Share Repurchases | Rp107.20 Billion | -0.56% |
| Share Issuances | Rp107.20 Billion | +0.56% |
| Other Comprehensive Income | Rp11.83 Billion | +0.06% |
| Other Changes | Rp196.33 Billion | +1.03% |
| Total Change | Rp- | 16.06% |
Book Value vs Market Value Analysis
This analysis compares PT Sarana Menara'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 16.08x 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 |
|---|---|---|---|
| 2009-12-31 | Rp22.76 | Rp366.00 | x |
| 2010-12-31 | Rp24.01 | Rp366.00 | x |
| 2011-12-31 | Rp29.77 | Rp366.00 | x |
| 2012-12-31 | Rp66.98 | Rp366.00 | x |
| 2013-12-31 | Rp71.52 | Rp366.00 | x |
| 2014-12-31 | Rp91.68 | Rp366.00 | x |
| 2015-12-31 | Rp150.55 | Rp366.00 | x |
| 2016-12-31 | Rp209.91 | Rp366.00 | x |
| 2017-12-31 | Rp139.21 | Rp366.00 | x |
| 2018-12-31 | Rp157.61 | Rp366.00 | x |
| 2019-12-31 | Rp173.14 | Rp366.00 | x |
| 2020-12-31 | Rp202.48 | Rp366.00 | x |
| 2021-12-31 | Rp241.30 | Rp366.00 | x |
| 2022-12-31 | Rp289.17 | Rp366.00 | x |
| 2023-12-31 | Rp330.46 | Rp366.00 | x |
| 2024-12-31 | Rp383.24 | Rp366.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Sarana Menara 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): 17.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.19%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 4.08x
- Recent ROE (17.46%) is below the historical average (23.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 52.85% | 54.46% | 0.16x | 6.17x | Rp477.95 Billion |
| 2010 | 8.16% | 7.38% | 0.18x | 6.05x | Rp-22.49 Billion |
| 2011 | 18.69% | 17.20% | 0.19x | 5.64x | Rp132.02 Billion |
| 2012 | 10.15% | 15.31% | 0.17x | 3.97x | Rp5.15 Billion |
| 2013 | 4.62% | 5.27% | 0.21x | 4.26x | Rp-196.32 Billion |
| 2014 | 17.97% | 20.47% | 0.24x | 3.68x | Rp372.94 Billion |
| 2015 | 38.52% | 66.19% | 0.21x | 2.79x | Rp2.19 Trillion |
| 2016 | 28.39% | 60.16% | 0.20x | 2.34x | Rp1.97 Trillion |
| 2017 | 29.57% | 39.34% | 0.28x | 2.64x | Rp1.39 Trillion |
| 2018 | 27.39% | 37.49% | 0.26x | 2.86x | Rp1.40 Trillion |
| 2019 | 26.84% | 36.29% | 0.23x | 3.17x | Rp1.47 Trillion |
| 2020 | 27.93% | 38.09% | 0.22x | 3.37x | Rp1.82 Trillion |
| 2021 | 28.49% | 39.69% | 0.13x | 5.47x | Rp2.22 Trillion |
| 2022 | 23.90% | 31.19% | 0.17x | 4.56x | Rp2.00 Trillion |
| 2023 | 19.77% | 27.71% | 0.17x | 4.16x | Rp1.61 Trillion |
| 2024 | 17.46% | 26.19% | 0.16x | 4.08x | Rp1.43 Trillion |
Industry Comparison
This section compares PT Sarana Menara's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $3,582,175,012,914
- Average return on equity (ROE) among peers: 4.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Sarana Menara (TOWR) | Rp19.90 Trillion | 52.85% | 2.90x | $1.25 Billion |
| Bali Towerindo Sentra Tbk (BALI) | $2.44 Trillion | 8.68% | 1.13x | $304.33 Million |
| Centratama Telekomunikasi Ind (CENT) | $75.53 Billion | 5.48% | 0.10x | $124.25 Million |
| Indoritel Makmur Internasional (DNET) | $14.93 Billion | 1.26% | 0.16x | $8.25 Billion |
| XL Axiata Tbk PT (EXCL) | $25.77 Trillion | 4.30% | 2.39x | $1.72 Billion |
| Smartfren Telecom Tbk (FREN) | $1.59 Trillion | 2.21% | 0.91x | $1.36 Million |
| Gihon Telekomunikasi Indonesia Tbk PT (GHON) | $780.81 Billion | 11.62% | 0.48x | $52.05 Million |
| Inti Bangun Sejahtera Tbk (IBST) | $3.04 Trillion | 7.61% | 0.26x | $670.86 Million |
| Indosat Tbk (ISAT) | $1.92 Trillion | 21.29% | 0.17x | $2.58 Billion |
| Jasnita Telekomindo Tbk PT (JAST) | $48.75 Billion | -16.29% | 1.07x | $4.44 Million |
| LCK Global Kedaton (LCKM) | $128.42 Billion | 3.74% | 0.12x | $6.39 Million |
About PT Sarana Menara
PT Sarana Menara Nusantara Tbk. owns and operates telecommunication towers for wireless operators in Indonesia. It operates in two segments, Tower Rental, and Other Services. The company offers wireline telecommunication services to provide internet broadband and virtual private network; fiber to the home (FTTH) telecommunication services to build and manage fiber optic infrastructure; and very s… Read more