Vastland Indonesia
PT Vastland Indonesia Tbk engages in the construction and rental of warehouses in Indonesia. It operates built-to-suit warehouses for various industries, including fast moving consumer goods, beverages, commodities trading, 3PL providers, pharmaceutical distributors, electronics, and e-commerce; and general warehouses. The company was founded in 2011 and is headquartered in Bandar Lampung, Indone… Read more
Vastland Indonesia (VAST) - Net Assets
Latest net assets as of September 2025: Rp391.21 Billion IDR
Based on the latest financial reports, Vastland Indonesia (VAST) has net assets worth Rp391.21 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 (Rp538.13 Billion) and total liabilities (Rp146.92 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 | Rp391.21 Billion |
| % of Total Assets | 72.7% |
| Annual Growth Rate | 38.21% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.79 |
Vastland Indonesia - Net Assets Trend (2022–2024)
This chart illustrates how Vastland Indonesia's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vastland Indonesia (2022–2024)
The table below shows the annual net assets of Vastland Indonesia from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp379.56 Billion | +4.06% |
| 2023-12-31 | Rp364.74 Billion | +83.65% |
| 2022-12-31 | Rp198.61 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vastland Indonesia'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 160.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp184.55 Billion | 48.62% |
| Common Stock | Rp152.79 Billion | 40.25% |
| Other Components | Rp42.22 Billion | 11.12% |
| Total Equity | Rp379.56 Billion | 100.00% |
Vastland Indonesia Competitors by Market Cap
The table below lists competitors of Vastland Indonesia ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Humpuss Intermoda Transportasi
JK:HITS
|
$4.49 Million |
|
PMHS
PINK:PMHS
|
$4.49 Million |
|
Mixed Martial Arts Group Limited
NYSE MKT:MMA
|
$4.49 Million |
|
Kothari Products Limited
NSE:KOTHARIPRO
|
$4.49 Million |
|
High Sierra Technologies Inc
PINK:HSTI
|
$4.48 Million |
|
Hemogenyx Pharmaceuticals Plc
PINK:HOPHF
|
$4.48 Million |
|
Creative Medical Technology Holdings Inc
NASDAQ:CELZ
|
$4.48 Million |
|
CHRISTIAN DIOR - Dusseldorf Stock Exchang
DU:DIO
|
$4.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vastland Indonesia's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 364,743,921,290 to 379,556,200,630, a change of 14,812,279,340 (4.1%).
- Net income of 14,786,424,430 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp14.79 Billion | +3.9% |
| Other Changes | Rp25.85 Million | +0.01% |
| Total Change | Rp- | 4.06% |
Book Value vs Market Value Analysis
This analysis compares Vastland Indonesia'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: 0.93x
- 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 1.77x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | Rp65.00 | Rp115.00 | x |
| 2023-12-31 | Rp119.36 | Rp115.00 | x |
| 2024-12-31 | Rp124.21 | Rp115.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vastland Indonesia 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): 3.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.80%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.36x
- Recent ROE (3.90%) is below the historical average (13.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 8.35% | 69.81% | 0.09x | 1.39x | Rp-3.27 Billion |
| 2023 | 27.09% | 384.64% | 0.05x | 1.43x | Rp62.32 Billion |
| 2024 | 3.90% | 38.80% | 0.07x | 1.36x | Rp-23.17 Billion |
Industry Comparison
This section compares Vastland Indonesia's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,782,492,457,203
- Average return on equity (ROE) among peers: 3.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vastland Indonesia (VAST) | Rp391.21 Billion | 8.35% | 0.38x | $4.49 Million |
| Bekasi Fajar Industrial Estate (BEST) | $2.85 Trillion | 13.72% | 0.28x | $25.77 Million |
| Bukit Darmo Property Tbk (BKDP) | $381.91 Billion | -9.06% | 0.99x | $3.44 Million |
| PT Bangun Kosambi Sukses Tbk (CBDK) | $432.24 Million | 17.46% | 29.38x | $167.95 Million |
| Diamond Citra Propertindo PT (DADA) | $343.31 Billion | 1.48% | 0.84x | $12.24 Million |
| Duta Anggada Realty Tbk (DART) | $739.01 Billion | 3.64% | 2.47x | $2.35 Million |
| PT Dafam Property Indonesia Tbk (DFAM) | $-55.42 Billion | 0.00% | 0.00x | $7.90 Million |
| Bakrieland Development Tbk (ELTY) | $7.17 Trillion | -3.22% | 0.72x | $23.70 |
| Megapolitan Developments Tbk (EMDE) | $602.96 Billion | 7.43% | 0.96x | $3.83 Million |
| Indonesian Paradise Property (INPP) | $5.77 Trillion | -8.38% | 0.33x | $94.75 Million |
| Era Graharealty PT Tbk (IPAC) | $25.78 Billion | 15.17% | 0.28x | $834.38K |