PT Cerestar Indonesia Tbk
PT Cerestar Indonesia Tbk production of processed wheat flour products in Indonesia. It offers wheat flour for food and bakery ingredients; and bran and pollard, which can be used as raw materials for animal feed. The company sells food ingredients products under the Falcon, Dragonfly, Seagull, Bakerstar, and Prama brand names, as well as feed ingredients products under the Starfish, Manta, Octop… Read more
PT Cerestar Indonesia Tbk (TRGU) - Net Assets
Latest net assets as of September 2025: Rp974.85 Billion IDR
Based on the latest financial reports, PT Cerestar Indonesia Tbk (TRGU) has net assets worth Rp974.85 Billion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp3.79 Trillion) and total liabilities (Rp2.81 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 | Rp974.85 Billion |
| % of Total Assets | 25.73% |
| Annual Growth Rate | 21.93% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.91 |
PT Cerestar Indonesia Tbk - Net Assets Trend (2020–2024)
This chart illustrates how PT Cerestar Indonesia 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 PT Cerestar Indonesia Tbk (2020–2024)
The table below shows the annual net assets of PT Cerestar Indonesia Tbk from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp954.74 Billion | -6.17% |
| 2023-12-31 | Rp1.02 Trillion | -0.87% |
| 2022-12-31 | Rp1.03 Trillion | +53.03% |
| 2021-12-31 | Rp670.76 Billion | +55.28% |
| 2020-12-31 | Rp431.98 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Cerestar Indonesia 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 decreased by 5344881000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rp794.54 Billion | 83.22% |
| Other Comprehensive Income | Rp16.20 Billion | 1.70% |
| Other Components | Rp197.45 Billion | 20.68% |
| Total Equity | Rp954.74 Billion | 100.00% |
PT Cerestar Indonesia Tbk Competitors by Market Cap
The table below lists competitors of PT Cerestar Indonesia Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Marka Yatirim Holding AS
IS:MARKA
|
$17.16 Million |
|
Ariadne Australia Ltd
AU:ARA
|
$17.16 Million |
|
Independence Gold Corp
OTCQB:IEGCF
|
$17.16 Million |
|
Autocount Dotcom Berhad
KLSE:0276
|
$17.17 Million |
|
Lixte Biotechnology Holdings Inc
NASDAQ:LIXT
|
$17.15 Million |
|
Winston Medical Supply Co., Ltd.
TWO:6817
|
$17.15 Million |
|
BBC Co. Ltd.
KQ:318410
|
$17.14 Million |
|
Optimax Holdings Sdn Bhd
KLSE:0222
|
$17.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Cerestar Indonesia Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,017,570,284,541 to 954,742,796,000, a change of -62,827,488,541 (-6.2%).
- Net loss of 64,818,912,000 reduced equity.
- Other comprehensive income increased equity by 311,263,600.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-64.82 Billion | -6.79% |
| Other Comprehensive Income | Rp311.26 Million | +0.03% |
| Other Changes | Rp1.68 Billion | +0.18% |
| Total Change | Rp- | -6.17% |
Book Value vs Market Value Analysis
This analysis compares PT Cerestar Indonesia 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: 1.55x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.42x to 1.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | Rp54.37 | Rp186.00 | x |
| 2021-12-31 | Rp84.42 | Rp186.00 | x |
| 2022-12-31 | Rp129.19 | Rp186.00 | x |
| 2023-12-31 | Rp128.07 | Rp186.00 | x |
| 2024-12-31 | Rp120.16 | Rp186.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Cerestar Indonesia 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): -6.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.25%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 3.49x
- Recent ROE (-6.79%) is below the historical average (1.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 3.85% | 2.24% | 0.53x | 3.21x | Rp-26.56 Billion |
| 2021 | 4.00% | 0.78% | 1.73x | 2.95x | Rp-40.27 Billion |
| 2022 | 4.84% | 1.38% | 1.02x | 3.44x | Rp-52.96 Billion |
| 2023 | 0.15% | 0.03% | 1.81x | 3.19x | Rp-100.20 Billion |
| 2024 | -6.79% | -1.25% | 1.56x | 3.49x | Rp-160.29 Billion |
Industry Comparison
This section compares PT Cerestar Indonesia Tbk's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $631,799,965,479
- Average return on equity (ROE) among peers: 6.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Cerestar Indonesia Tbk (TRGU) | Rp974.85 Billion | 3.85% | 2.89x | $17.15 Million |
| FKS Food Sejahtera Tbk PT (AISA) | $95.16 Billion | 0.04% | 2.76x | $17.28 Million |
| Estika Tata Tiara Tbk PT (BEEF) | $-266.29 Billion | 0.00% | 0.00x | $24.58 Million |
| Formosa Ingredient Factory PT Tbk (BOBA) | $151.05 Billion | 9.90% | 0.16x | $1.26 Million |
| PT Raja Roti Cemerlang Tbk (BRRC) | $20.11 Billion | 5.85% | 1.84x | $2.01 Million |
| Budi Starch & Sweetener Tbk (BUDI) | $267.46 Billion | 7.73% | 2.48x | $23.27 Million |
| Eagle High Plantations Tbk (BWPT) | $164.27 Billion | 0.56% | 1.05x | $52.97 Million |
| Campina Ice Cream Industry Tbk PT (CAMP) | $935.39 Billion | 8.21% | 0.13x | $5.76 Million |
| Citra Borneo Utama (CBUT) | $-209.50 Billion | 0.00% | 0.00x | $47.87 Million |
| Wilmar Cahaya Indonesia Tbk (CEKA) | $463.40 Billion | 12.59% | 1.22x | $10.68 Million |
| Cisarua Mountain Dairy Tbk PT (CMRY) | $4.70 Trillion | 16.82% | 0.19x | $428.70 Million |