Verena Multi Finance Tbk (VRNA) - Net Assets
Based on the latest financial reports, Verena Multi Finance Tbk (VRNA) has net assets worth Rp740.52 Billion IDR (≈ $43.39 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 (Rp3.06 Trillion ≈ $179.07 Million USD) and total liabilities (Rp2.32 Trillion ≈ $135.68 Million 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 how resilient are Verena Multi Finance Tbk's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp740.52 Billion |
| % of Total Assets | 24.23% |
| Annual Growth Rate | 15.61% |
| 5-Year Change | 17.74% |
| 10-Year Change | 161.65% |
| Growth Volatility | 41.18 |
Verena Multi Finance Tbk - Net Assets Trend (2007–2024)
This chart illustrates how Verena Multi Finance Tbk's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Verena Multi Finance Tbk for the complete picture of this company's asset base.
Annual Net Assets for Verena Multi Finance Tbk (2007–2024)
The table below shows the annual net assets of Verena Multi Finance Tbk from 2007 to 2024. For live valuation and market cap data, see Verena Multi Finance Tbk stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp744.00 Billion ≈ $43.60 Million |
-0.86% |
| 2023-12-31 | Rp750.48 Billion ≈ $43.98 Million |
+8.78% |
| 2022-12-31 | Rp689.90 Billion ≈ $40.43 Million |
+10.34% |
| 2021-12-31 | Rp625.24 Billion ≈ $36.64 Million |
-1.05% |
| 2020-12-31 | Rp631.90 Billion ≈ $37.03 Million |
-5.49% |
| 2019-12-31 | Rp668.59 Billion ≈ $39.18 Million |
+146.60% |
| 2018-12-31 | Rp271.13 Billion ≈ $15.89 Million |
-41.60% |
| 2017-12-31 | Rp464.25 Billion ≈ $27.20 Million |
+61.90% |
| 2016-12-31 | Rp286.74 Billion ≈ $16.80 Million |
+0.84% |
| 2015-12-31 | Rp284.35 Billion ≈ $16.66 Million |
+0.47% |
| 2014-12-31 | Rp283.01 Billion ≈ $16.58 Million |
+10.64% |
| 2013-12-31 | Rp255.78 Billion ≈ $14.99 Million |
+17.01% |
| 2012-12-31 | Rp218.60 Billion ≈ $12.81 Million |
+17.84% |
| 2011-12-31 | Rp185.51 Billion ≈ $10.87 Million |
+15.33% |
| 2010-12-31 | Rp160.86 Billion ≈ $9.43 Million |
+19.24% |
| 2009-12-31 | Rp134.90 Billion ≈ $7.90 Million |
+13.67% |
| 2008-12-31 | Rp118.68 Billion ≈ $6.95 Million |
+87.98% |
| 2007-12-31 | Rp63.13 Billion ≈ $3.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Verena Multi Finance 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 792.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp79.74 Billion | 10.72% |
| Common Stock | Rp568.74 Billion | 76.44% |
| Other Comprehensive Income | Rp-2.07 Billion | -0.28% |
| Other Components | Rp97.59 Billion | 13.12% |
| Total Equity | Rp744.00 Billion | 100.00% |
Verena Multi Finance Tbk Competitors by Market Cap
The table below lists competitors of Verena Multi Finance Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HydrogenPro AS
OL:HYPRO
|
$27.34 Million |
|
Above Food Ingredients Inc. Common Stock
NASDAQ:ABVE
|
$27.34 Million |
|
Medipharm Labs Corp
TO:LABS
|
$27.35 Million |
|
Blue Star Gold Corp
V:BAU
|
$27.35 Million |
|
Investors House
HE:INVEST
|
$27.33 Million |
|
HPP Holdings Bhd
KLSE:0228
|
$27.32 Million |
|
Pluri Inc.
NASDAQ:PLUR
|
$27.32 Million |
|
JAS Asset PCL
BK:J
|
$27.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Verena Multi Finance Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 750,484,838,000 to 743,996,067,000, a change of -6,488,771,000 (-0.9%).
- Net loss of 2,155,665,000 reduced equity.
- Other comprehensive income decreased equity by 4,033,106,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-2.16 Billion | -0.29% |
| Other Comprehensive Income | Rp-4.03 Billion | -0.54% |
| Other Changes | Rp-300.00 Million | -0.04% |
| Total Change | Rp- | -0.86% |
Book Value vs Market Value Analysis
This analysis compares Verena Multi Finance 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: 0.63x
- 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 increased from 0.38x to 0.63x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Rp218.16 | Rp82.00 | x |
| 2013-12-31 | Rp255.27 | Rp82.00 | x |
| 2014-12-31 | Rp282.44 | Rp82.00 | x |
| 2015-12-31 | Rp282.24 | Rp82.00 | x |
| 2016-12-31 | Rp284.62 | Rp82.00 | x |
| 2017-12-31 | Rp234.20 | Rp82.00 | x |
| 2018-12-31 | Rp104.88 | Rp82.00 | x |
| 2019-12-31 | Rp122.30 | Rp82.00 | x |
| 2020-12-31 | Rp111.11 | Rp82.00 | x |
| 2021-12-31 | Rp109.94 | Rp82.00 | x |
| 2022-12-31 | Rp121.30 | Rp82.00 | x |
| 2023-12-31 | Rp131.96 | Rp82.00 | x |
| 2024-12-31 | Rp130.82 | Rp82.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Verena Multi Finance 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): -0.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.46%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 4.32x
- Recent ROE (-0.29%) is below the historical average (2.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 10.05% | 8.89% | 0.23x | 5.02x | Rp61.24 Million |
| 2009 | 12.03% | 11.08% | 0.23x | 4.77x | Rp2.73 Billion |
| 2010 | 16.11% | 13.75% | 0.20x | 5.98x | Rp9.83 Billion |
| 2011 | 13.29% | 10.59% | 0.15x | 8.20x | Rp6.10 Billion |
| 2012 | 15.14% | 25.39% | 0.07x | 8.95x | Rp11.23 Billion |
| 2013 | 13.51% | 23.16% | 0.07x | 8.21x | Rp8.98 Billion |
| 2014 | 8.65% | 20.11% | 0.06x | 7.61x | Rp-3.82 Billion |
| 2015 | 0.85% | 0.64% | 0.20x | 6.66x | Rp-26.02 Billion |
| 2016 | 2.26% | 1.93% | 0.19x | 6.24x | Rp-22.21 Billion |
| 2017 | 1.63% | 2.32% | 0.19x | 3.77x | Rp-38.87 Billion |
| 2018 | -71.09% | -85.49% | 0.14x | 5.77x | Rp-219.87 Billion |
| 2019 | 0.26% | 0.54% | 0.12x | 3.97x | Rp-65.09 Billion |
| 2020 | 0.47% | 0.97% | 0.12x | 4.24x | Rp-60.19 Billion |
| 2021 | -1.24% | -2.56% | 0.13x | 3.72x | Rp-70.29 Billion |
| 2022 | 8.99% | 18.63% | 0.14x | 3.58x | Rp-6.94 Billion |
| 2023 | 8.15% | 27.06% | 0.08x | 3.72x | Rp-13.90 Billion |
| 2024 | -0.29% | -0.46% | 0.15x | 4.32x | Rp-76.56 Billion |
Industry Comparison
This section compares Verena Multi Finance Tbk's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,926,312,615,569
- Average return on equity (ROE) among peers: 9.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Verena Multi Finance Tbk (VRNA) | Rp740.52 Billion | 10.05% | 3.13x | $27.33 Million |
| Adira Dinamika Multi Finance (ADMF) | $11.56 Trillion | 12.17% | 1.82x | $632.22 Million |
| Buana Finance Tbk (BBLD) | $-313.70 Billion | 0.00% | 0.00x | $64.13 Million |
| BFI Finance Indonesia Tbk (BFIN) | $611.95 Billion | 16.06% | 0.84x | $704.07 Million |
| Batavia Prosperindo Finance (BPFI) | $130.28 Billion | 12.93% | 0.80x | $41.68 Million |
| Clipan Finance Indonesia Tbk (CFIN) | $4.71 Trillion | 7.68% | 1.58x | $78.45 Million |
| Danasupra Erapacific Tbk (DEFI) | $59.97 Billion | 14.75% | 0.02x | $6.34 Million |
| Fuji Finance Indonesia Tbk PT (FUJI) | $98.96 Billion | 2.38% | 0.00x | $24.83 Million |
| Radana Bhaskara Finance Tbk (HDFA) | $255.34 Billion | 5.88% | 5.22x | $42.55 Million |
| Intan Baruprana Finance Tbk (IBFN) | $564.52 Billion | 10.76% | 4.39x | $7.02 Million |
| Mandala Multifinance Tbk (MFIN) | $1.59 Trillion | 15.46% | 1.88x | $232.92 Million |
About Verena Multi Finance Tbk
PT Mizuho Leasing Indonesia Tbk provides consumer finance and finance leasing services to individuals and financial institutions in Indonesia. The company offers retail financing services, including used car, used car dealer, home renovations, travel expenses, education costs, wedding expenses, medical expenses, and other financing. It also provides corporate financing services, such as investmen… Read more