Victoria Investama Tbk
PT Victoria Investama Tbk provides investment and financial services in Indonesia. It operates through Consulting Services, Underwriting and Securities Trading Brokerage, Loss Insurance, Investment Management, Life Insurance, and Banking segments. The company offers corporate finance services; and advisory management services comprising pre-IPO restructuring, and merger and acquisition advisory s… Read more
Victoria Investama Tbk (VICO) - Net Assets
Latest net assets as of September 2025: Rp5.65 Trillion IDR
Based on the latest financial reports, Victoria Investama Tbk (VICO) has net assets worth Rp5.65 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 (Rp35.57 Trillion) and total liabilities (Rp29.92 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 | Rp5.65 Trillion |
| % of Total Assets | 15.88% |
| Annual Growth Rate | 21.14% |
| 5-Year Change | 63.24% |
| 10-Year Change | 315.68% |
| Growth Volatility | 39.38 |
Victoria Investama Tbk - Net Assets Trend (2010–2024)
This chart illustrates how Victoria Investama 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 Victoria Investama Tbk (2010–2024)
The table below shows the annual net assets of Victoria Investama Tbk from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp5.12 Trillion | +2.10% |
| 2023-12-31 | Rp5.01 Trillion | +1.02% |
| 2022-12-31 | Rp4.96 Trillion | +35.67% |
| 2021-12-31 | Rp3.66 Trillion | +16.66% |
| 2020-12-31 | Rp3.13 Trillion | -10.52% |
| 2019-12-31 | Rp3.50 Trillion | +6.57% |
| 2018-12-31 | Rp3.29 Trillion | -1.90% |
| 2017-12-31 | Rp3.35 Trillion | +8.57% |
| 2016-12-31 | Rp3.09 Trillion | +150.72% |
| 2015-12-31 | Rp1.23 Trillion | +21.07% |
| 2014-12-31 | Rp1.02 Trillion | +9.96% |
| 2013-12-31 | Rp924.74 Billion | +34.14% |
| 2012-12-31 | Rp689.37 Billion | +19.04% |
| 2011-12-31 | Rp579.12 Billion | +65.89% |
| 2010-12-31 | Rp349.10 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Victoria Investama 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 459.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp977.45 Billion | 30.48% |
| Common Stock | Rp1.52 Trillion | 47.45% |
| Other Comprehensive Income | Rp32.17 Billion | 1.00% |
| Other Components | Rp675.69 Billion | 21.07% |
| Total Equity | Rp3.21 Trillion | 100.00% |
Victoria Investama Tbk Competitors by Market Cap
The table below lists competitors of Victoria Investama Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nasmed Ozel Saglik Hizmetleri Ticaret AS
IS:EGEPO
|
$39.73 Million |
|
GreenMobility A/S
CO:GREENM
|
$39.74 Million |
|
Mulpha International Bhd
KLSE:3905
|
$39.74 Million |
|
Investment and Trading of Real Estate JSC
VN:ITC
|
$39.74 Million |
|
Seafco Public Company Limited
BK:SEAFCO
|
$39.72 Million |
|
Grace Therapeutics, Inc.
NASDAQ:GRCE
|
$39.72 Million |
|
Taiwan Takisawa Technology Co Ltd
TWO:6609
|
$39.70 Million |
|
Zimmite Taiwan Ltd
TWO:8435
|
$39.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victoria Investama Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,123,111,277,000 to 3,207,016,762,000, a change of 83,905,485,000 (2.7%).
- Net income of 69,902,040,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 56,561,353,000.
- Other factors increased equity by 70,564,798,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp69.90 Billion | +2.18% |
| Other Comprehensive Income | Rp-56.56 Billion | -1.76% |
| Other Changes | Rp70.56 Billion | +2.2% |
| Total Change | Rp- | 2.69% |
Book Value vs Market Value Analysis
This analysis compares Victoria Investama 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: 0.71x
- 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 1.43x to 0.71x 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 | Rp104.80 | Rp150.00 | x |
| 2013-12-31 | Rp120.45 | Rp150.00 | x |
| 2014-12-31 | Rp127.42 | Rp150.00 | x |
| 2015-12-31 | Rp136.10 | Rp150.00 | x |
| 2016-12-31 | Rp220.67 | Rp150.00 | x |
| 2017-12-31 | Rp211.19 | Rp150.00 | x |
| 2018-12-31 | Rp206.95 | Rp150.00 | x |
| 2019-12-31 | Rp217.88 | Rp150.00 | x |
| 2020-12-31 | Rp200.73 | Rp150.00 | x |
| 2021-12-31 | Rp216.50 | Rp150.00 | x |
| 2022-12-31 | Rp297.70 | Rp150.00 | x |
| 2023-12-31 | Rp205.24 | Rp150.00 | x |
| 2024-12-31 | Rp210.75 | Rp150.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victoria Investama 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): 2.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.73%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 10.83x
- Recent ROE (2.18%) is below the historical average (5.12%), 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 | 14.12% | 265.30% | 0.05x | 1.13x | Rp28.18 Billion |
| 2013 | 12.87% | 200.61% | 0.06x | 1.08x | Rp26.48 Billion |
| 2014 | 6.65% | 145.23% | 0.04x | 1.10x | Rp-33.99 Billion |
| 2015 | 5.20% | 122.49% | 0.04x | 1.09x | Rp-56.70 Billion |
| 2016 | 24.89% | 98.58% | 0.02x | 13.85x | Rp285.01 Billion |
| 2017 | 4.62% | 9.74% | 0.03x | 14.35x | Rp-110.43 Billion |
| 2018 | 1.95% | 4.02% | 0.03x | 15.32x | Rp-161.97 Billion |
| 2019 | 2.35% | 4.05% | 0.04x | 14.75x | Rp-162.10 Billion |
| 2020 | -12.20% | -24.86% | 0.04x | 13.82x | Rp-433.16 Billion |
| 2021 | -1.38% | -1.50% | 0.08x | 11.21x | Rp-263.36 Billion |
| 2022 | 3.60% | 5.01% | 0.08x | 9.13x | Rp-199.89 Billion |
| 2023 | 1.68% | 2.35% | 0.07x | 10.56x | Rp-259.95 Billion |
| 2024 | 2.18% | 2.73% | 0.07x | 10.83x | Rp-250.80 Billion |
Industry Comparison
This section compares Victoria Investama Tbk's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $7,392,685,577,029
- Average return on equity (ROE) among peers: 5.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Victoria Investama Tbk (VICO) | Rp5.65 Trillion | 14.12% | 5.30x | $39.73 Million |
| Ashmore Asset Management Indonesia (AMOR) | $309.50 Billion | 38.28% | 0.27x | $29.73 Million |
| Batavia Prosperindo Int (BPII) | $1.39 Trillion | 6.78% | 1.02x | $28.66 Million |
| Kresna Graha Investama Tbk PT (KREN) | $47.49 Billion | 4.13% | 0.31x | $12.83 Million |
| Provident Agro Tbk (PALM) | $580.93 Billion | 0.00% | 1.73x | $30.43 Million |
| Surya Fajar Capital Tbk PT (SFAN) | $145.32 Billion | 8.77% | 0.38x | $42.07 Million |
| Saratoga Investama Sedaya (SRTG) | $48.79 Trillion | -20.80% | 0.04x | $140.13 Million |
| PT Buana Artha Anugerah Tbk (STAR) | $489.25 Billion | 0.18% | 0.54x | $33.93 Million |