Victoria Investama Tbk (VICO) - Net Assets

Latest as of September 2025: Rp5.65 Trillion IDR ≈ $331.05 Million USD

Based on the latest financial reports, Victoria Investama Tbk (VICO) has net assets worth Rp5.65 Trillion IDR (≈ $331.05 Million USD) 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 ≈ $2.08 Billion USD) and total liabilities (Rp29.92 Trillion ≈ $1.75 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. Check asset resilience ratio of Victoria Investama Tbk to evaluate the company's liquid asset resilience ratio.

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. Also explore VICO total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see VICO market cap.

Year	Net Assets	Change
2024-12-31	Rp5.12 Trillion ≈ $299.88 Million	+2.10%
2023-12-31	Rp5.01 Trillion ≈ $293.70 Million	+1.02%
2022-12-31	Rp4.96 Trillion ≈ $290.73 Million	+35.67%
2021-12-31	Rp3.66 Trillion ≈ $214.29 Million	+16.66%
2020-12-31	Rp3.13 Trillion ≈ $183.70 Million	-10.52%
2019-12-31	Rp3.50 Trillion ≈ $205.30 Million	+6.57%
2018-12-31	Rp3.29 Trillion ≈ $192.65 Million	-1.90%
2017-12-31	Rp3.35 Trillion ≈ $196.38 Million	+8.57%
2016-12-31	Rp3.09 Trillion ≈ $180.87 Million	+150.72%
2015-12-31	Rp1.23 Trillion ≈ $72.14 Million	+21.07%
2014-12-31	Rp1.02 Trillion ≈ $59.58 Million	+9.96%
2013-12-31	Rp924.74 Billion ≈ $54.19 Million	+34.14%
2012-12-31	Rp689.37 Billion ≈ $40.39 Million	+19.04%
2011-12-31	Rp579.12 Billion ≈ $33.93 Million	+65.89%
2010-12-31	Rp349.10 Billion ≈ $20.46 Million	--

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
Vente Unique.com PA:ALVU	$147.17 Million
ESAF Small Finance Bank NSE:ESAFSFB	$147.21 Million
Feintool International Holding SW:FTON	$147.25 Million
Optimax Technology Corp TW:3051	$147.37 Million
Sea Harvest Group Ltd JSE:SHG	$147.08 Million
Shandong Xinhua Pharmaceutical Company Limited F:XIN	$147.04 Million
Digital Daesung Co. Ltd KQ:068930	$147.03 Million
LK CHEM KQ:489500	$146.99 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: 0.78x
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 1.57x to 0.78x 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	Rp165.00	x
2013-12-31	Rp120.45	Rp165.00	x
2014-12-31	Rp127.42	Rp165.00	x
2015-12-31	Rp136.10	Rp165.00	x
2016-12-31	Rp220.67	Rp165.00	x
2017-12-31	Rp211.19	Rp165.00	x
2018-12-31	Rp206.95	Rp165.00	x
2019-12-31	Rp217.88	Rp165.00	x
2020-12-31	Rp200.73	Rp165.00	x
2021-12-31	Rp216.50	Rp165.00	x
2022-12-31	Rp297.70	Rp165.00	x
2023-12-31	Rp205.24	Rp165.00	x
2024-12-31	Rp210.75	Rp165.00	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: $4,411,751,673,392
Average return on equity (ROE) among peers: 16.60%

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	$147.12 Million
Ashmore Asset Management Indonesia (AMOR)	$290.56 Billion	31.86%	0.24x	$45.76 Million
Batavia Prosperindo Int (BPII)	$1.47 Trillion	40.79%	1.23x	$268.74 Million
Kresna Graha Investama Tbk PT (KREN)	$322.72 Billion	5.08%	0.51x	$19.20 Million
Provident Agro Tbk (PALM)	$5.83 Trillion	34.57%	0.01x	$337.41 Million
Surya Fajar Capital Tbk PT (SFAN)	$193.01 Billion	-10.73%	0.48x	$155.79 Million
Saratoga Investama Sedaya (SRTG)	$22.29 Trillion	14.50%	0.19x	$1.43 Billion
PT Buana Artha Anugerah Tbk (STAR)	$489.25 Billion	0.18%	0.54x	$171.57 Million

About Victoria Investama Tbk

JK:VICO Indonesia Asset Management

Market Cap

$147.12 Million

Rp2.51 Trillion IDR

Market Cap Rank

#17725 Global

#290 in Indonesia

Share Price

Rp165.00

Change (1 day)

+0.61%

52-Week Range

Rp136.00 - Rp228.00

All Time High

Rp346.00