PT Harum Energy Tbk
PT Harum Energy Tbk, through its subsidiaries, engages in the coal and nickel mining, logistics, and nickel processing and refining activities in Indonesia and internationally. It operates in four segments: Mining Sectors, Rental and Service Sectors, Nickel Smelter Sector, and Other Sectors. The company is involved in the general investigation, exploration, exploitation, processing, transportatio… Read more
PT Harum Energy Tbk (44H) - Net Assets
Latest net assets as of June 2025: €1.82 Billion EUR
Based on the latest financial reports, PT Harum Energy Tbk (44H) has net assets worth €1.82 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.16 Billion) and total liabilities (€1.34 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 | €1.82 Billion |
| % of Total Assets | 57.54% |
| Annual Growth Rate | 14.84% |
| 5-Year Change | 291.97% |
| 10-Year Change | 419.07% |
| Growth Volatility | 21.31 |
PT Harum Energy Tbk - Net Assets Trend (2013–2024)
This chart illustrates how PT Harum Energy 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 Harum Energy Tbk (2013–2024)
The table below shows the annual net assets of PT Harum Energy Tbk from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.78 Billion | +51.75% |
| 2023-12-31 | €1.17 Billion | +18.39% |
| 2022-12-31 | €992.27 Million | +52.50% |
| 2021-12-31 | €650.67 Million | +43.07% |
| 2020-12-31 | €454.80 Million | +13.82% |
| 2019-12-31 | €399.58 Million | +2.86% |
| 2018-12-31 | €388.49 Million | -1.86% |
| 2017-12-31 | €395.86 Million | +11.38% |
| 2016-12-31 | €355.43 Million | +3.49% |
| 2015-12-31 | €343.43 Million | -5.02% |
| 2014-12-31 | €361.57 Million | -7.08% |
| 2013-12-31 | €389.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Harum Energy 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 315.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €744.01 Million | 83.16% |
| Other Components | €150.67 Million | 16.84% |
| Total Equity | €894.68 Million | 100.00% |
PT Harum Energy Tbk Competitors by Market Cap
The table below lists competitors of PT Harum Energy Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MM Forgings Limited
NSE:MMFL
|
$97.76 Million |
|
DOFRB
IS:DOFRB
|
$97.79 Million |
|
AurosTechnology Inc.
KQ:322310
|
$97.81 Million |
|
Sotkamo Silver AB
HE:SOSI1
|
$97.83 Million |
|
VitaSpring Biomedical Co. Ltd
PINK:VSBC
|
$97.73 Million |
|
NISSHIN GROUP HOLDINGS Company Limited
MU:NFU
|
$97.68 Million |
|
China Rare Earth Holdings Limited
PINK:CREQF
|
$97.65 Million |
|
Empreendimentos Pague Menos S.A
SA:PGMN3
|
$97.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Harum Energy Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 885,806,039 to 894,684,229, a change of 8,878,190 (1.0%).
- Net income of 54,067,536 contributed positively to equity growth.
- Dividend payments of 35,219,285 reduced retained earnings.
- Share repurchases of 339,738,355 reduced equity.
- Other factors increased equity by 329,768,294.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €54.07 Million | +6.04% |
| Dividends Paid | €35.22 Million | -3.94% |
| Share Repurchases | €339.74 Million | -37.97% |
| Other Changes | €329.77 Million | +36.86% |
| Total Change | €- | 1.00% |
Book Value vs Market Value Analysis
This analysis compares PT Harum Energy 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: 0.61x
- 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 1.67x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.02 | €0.04 | x |
| 2018-12-31 | €0.02 | €0.04 | x |
| 2019-12-31 | €0.02 | €0.04 | x |
| 2020-12-31 | €0.03 | €0.04 | x |
| 2021-12-31 | €0.04 | €0.04 | x |
| 2022-12-31 | €0.06 | €0.04 | x |
| 2023-12-31 | €0.07 | €0.04 | x |
| 2024-12-31 | €0.07 | €0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Harum Energy 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): 6.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.17%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.88x
- Recent ROE (6.04%) is below the historical average (11.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.00% | 4.84% | 1.76x | 1.52x | €9.34 Million |
| 2014 | 0.15% | 0.09% | 1.08x | 1.55x | €-28.30 Million |
| 2015 | -7.07% | -7.72% | 0.66x | 1.40x | €-46.45 Million |
| 2016 | 4.73% | 6.15% | 0.53x | 1.47x | €-14.86 Million |
| 2017 | 14.36% | 13.91% | 0.71x | 1.46x | €13.75 Million |
| 2018 | 10.53% | 9.45% | 0.72x | 1.55x | €1.61 Million |
| 2019 | 5.89% | 7.05% | 0.59x | 1.42x | €-12.91 Million |
| 2020 | 15.95% | 37.39% | 0.32x | 1.35x | €22.01 Million |
| 2021 | 15.81% | 22.05% | 0.38x | 1.87x | €27.24 Million |
| 2022 | 41.09% | 33.36% | 0.71x | 1.74x | €228.32 Million |
| 2023 | 17.05% | 16.32% | 0.57x | 1.84x | €62.46 Million |
| 2024 | 6.04% | 4.17% | 0.50x | 2.88x | €-35.40 Million |
Industry Comparison
This section compares PT Harum Energy Tbk's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $20,818,397,379
- Average return on equity (ROE) among peers: -8.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Harum Energy Tbk (44H) | €1.82 Billion | 13.00% | 0.74x | $97.76 Million |
| PT Darma Henwa Tbk (0DH) | $254.11 Million | -6.58% | 1.16x | $735.75 Million |
| PT Indo Tambangraya Megah Tbk (3IB) | $958.14 Million | 26.36% | 0.42x | $555.98 Million |
| PT TBS Energi Utama Tbk (6AU) | $436.66 Million | 6.52% | 1.05x | $15.35 Million |
| Oracle Power PLC (9OC) | $6.27 Million | -20.57% | 0.03x | $5.62 Million |
| PT Bayan Resources Tbk (BNB) | $1.98 Billion | 62.59% | 0.74x | $4.29 Billion |
| China Coal Energy Company Limited (CVV) | $182.78 Billion | 11.04% | 0.91x | $7.68 Billion |
| HMS Bergbau AG (HMU) | $2.85 Million | -175.64% | 4.43x | $49.27 Million |
| PT. Indika Energy Tbk (I41) | $883.71 Million | 6.53% | 3.18x | $290.15 Million |
| Ichor Coal N.V (IO0) | $62.88 Million | 16.36% | 0.40x | $187.06 |