Batulicin Nusantara Maritim Tbk PT (BESS) - Net Assets
Based on the latest financial reports, Batulicin Nusantara Maritim Tbk PT (BESS) has net assets worth Rp657.72 Billion IDR (≈ $38.54 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 (Rp714.01 Billion ≈ $41.84 Million USD) and total liabilities (Rp56.29 Billion ≈ $3.30 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 Batulicin Nusantara Maritim Tbk PT (BESS) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp657.72 Billion |
| % of Total Assets | 92.12% |
| Annual Growth Rate | 41.19% |
| 5-Year Change | 88.03% |
| 10-Year Change | N/A |
| Growth Volatility | 54.81 |
Batulicin Nusantara Maritim Tbk PT - Net Assets Trend (2016–2024)
This chart illustrates how Batulicin Nusantara Maritim Tbk PT's net assets have evolved over time, based on quarterly financial data. See BESS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Batulicin Nusantara Maritim Tbk PT (2016–2024)
The table below shows the annual net assets of Batulicin Nusantara Maritim Tbk PT from 2016 to 2024. For live valuation and market cap data, see Batulicin Nusantara Maritim Tbk PT (BESS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp595.85 Billion ≈ $34.91 Million |
+4.07% |
| 2023-12-31 | Rp572.54 Billion ≈ $33.55 Million |
+16.29% |
| 2022-12-31 | Rp492.35 Billion ≈ $28.85 Million |
+14.18% |
| 2021-12-31 | Rp431.19 Billion ≈ $25.27 Million |
+36.07% |
| 2020-12-31 | Rp316.90 Billion ≈ $18.57 Million |
+58.96% |
| 2019-12-31 | Rp199.36 Billion ≈ $11.68 Million |
+15.17% |
| 2018-12-31 | Rp173.10 Billion ≈ $10.14 Million |
+183.76% |
| 2017-12-31 | Rp61.00 Billion ≈ $3.57 Million |
+61.67% |
| 2016-12-31 | Rp37.73 Billion ≈ $2.21 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Batulicin Nusantara Maritim Tbk PT'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 4320.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp362.78 Billion | 60.89% |
| Common Stock | Rp172.02 Billion | 28.87% |
| Other Comprehensive Income | Rp22.41 Billion | 3.76% |
| Other Components | Rp38.59 Billion | 6.48% |
| Total Equity | Rp595.80 Billion | 100.00% |
Batulicin Nusantara Maritim Tbk PT Competitors by Market Cap
The table below lists competitors of Batulicin Nusantara Maritim Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Haad Thip Public Company Limited
BK:HTC
|
$196.68 Million |
|
Bicycle Therapeutics plc
F:50BA
|
$196.70 Million |
|
Oriental Interest Bhd
KLSE:5827
|
$196.71 Million |
|
Tribune Resources Ltd
AU:TBR
|
$196.76 Million |
|
China Ecotek Corp
TW:1535
|
$196.49 Million |
|
Atrium Therapeutics, Inc. Common Stock
NASDAQ:RNA
|
$196.42 Million |
|
Spandana Sphoorty Financial Limited
NSE:SPANDANA
|
$196.41 Million |
|
Re Max Holding
NYSE:RMAX
|
$196.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Batulicin Nusantara Maritim Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 569,227,699,162 to 595,803,642,000, a change of 26,575,942,838 (4.7%).
- Net income of 24,204,977,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 284.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp24.20 Billion | +4.06% |
| Other Comprehensive Income | Rp284.00 | +0.0% |
| Other Changes | Rp2.37 Billion | +0.4% |
| Total Change | Rp- | 4.67% |
Book Value vs Market Value Analysis
This analysis compares Batulicin Nusantara Maritim Tbk PT'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: 5.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 69.77x to 5.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Rp13.97 | Rp975.00 | x |
| 2017-12-31 | Rp22.59 | Rp975.00 | x |
| 2018-12-31 | Rp64.11 | Rp975.00 | x |
| 2019-12-31 | Rp53.16 | Rp975.00 | x |
| 2020-12-31 | Rp141.96 | Rp975.00 | x |
| 2021-12-31 | Rp116.57 | Rp975.00 | x |
| 2022-12-31 | Rp134.41 | Rp975.00 | x |
| 2023-12-31 | Rp186.58 | Rp975.00 | x |
| 2024-12-31 | Rp173.18 | Rp975.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Batulicin Nusantara Maritim Tbk PT 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): 4.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.59%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.11x
- Recent ROE (4.06%) is below the historical average (20.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.63% | 13.04% | 0.33x | 1.54x | Rp-1.27 Billion |
| 2017 | 38.10% | 36.11% | 0.33x | 3.15x | Rp17.14 Billion |
| 2018 | 65.16% | 27.61% | 1.10x | 2.14x | Rp95.48 Billion |
| 2019 | 4.99% | 4.14% | 0.42x | 2.85x | Rp-9.99 Billion |
| 2020 | 16.16% | 17.32% | 0.48x | 1.96x | Rp19.51 Billion |
| 2021 | 26.08% | 27.83% | 0.61x | 1.55x | Rp69.35 Billion |
| 2022 | 11.44% | 13.76% | 0.53x | 1.58x | Rp7.03 Billion |
| 2023 | 13.95% | 21.84% | 0.53x | 1.21x | Rp22.50 Billion |
| 2024 | 4.06% | 7.59% | 0.48x | 1.11x | Rp-35.38 Billion |
Industry Comparison
This section compares Batulicin Nusantara Maritim Tbk PT's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $138,574,550,642
- Average return on equity (ROE) among peers: 5.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Batulicin Nusantara Maritim Tbk PT (BESS) | Rp657.72 Billion | 6.63% | 0.09x | $196.56 Million |
| Pelayaran Nasional Bina Buana Raya (BBRM) | $25.71 Million | 2.69% | 0.32x | $21.18 Million |
| Berlian Laju Tanker Tbk PT (BLTA) | $-1.17 Billion | 0.00% | 0.00x | $49.47 Million |
| Bintang Samudera Mandiri Lines Tbk PT (BSML) | $47.23 Billion | 3.24% | 3.54x | $49.87 Million |
| Buana Listya Tama Tbk PT (BULL) | $807.05 Billion | 0.00% | 0.28x | $346.82 Million |
| Capitol Nusantara Indonesia (CANI) | $7.16 Million | 0.00% | 6.69x | $7.03 Million |
| GTS Internasional Tbk PT (GTSI) | $61.63 Million | 6.47% | 0.75x | $129.77 Million |
| Habco Trans Maritima (HATM) | $369.96 Billion | 24.37% | 0.18x | $175.98 Million |
| Humpuss Intermoda Transportasi (HITS) | $21.16 Million | 12.76% | 6.53x | $48.27 Million |
| Tanah Laut Tbk (INDX) | $23.99 Billion | 0.00% | 0.04x | $1.67 Million |
About Batulicin Nusantara Maritim Tbk PT
PT Batulicin Nusantara Maritim Tbk provides sea and river water transportation services in Indonesia. It transports goods from the company's tugboats and barges to the mother vessel. The company was founded in 2011 and is headquartered in Tanah Bumbu, Indonesia. PT Batulicin Nusantara Maritim Tbk is a subsidiary of PT Batulicin Enam Sembilan Transportasi.