Bhakti Multi Artha Pt
PT Bhakti Multi Artha Tbk, through its subsidiaries, provides management consulting services in Indonesia. It provides advice and guidance for business operational, organization issues and other management matters; and various management functions, agronomist and agricultural economics management consulting in agriculture and similar sector, design of accounting methods, and procedures, as well a… Read more
Bhakti Multi Artha Pt (BHAT) - Net Assets
Latest net assets as of June 2025: Rp582.62 Billion IDR
Based on the latest financial reports, Bhakti Multi Artha Pt (BHAT) has net assets worth Rp582.62 Billion IDR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.19 Trillion) and total liabilities (Rp604.80 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 | Rp582.62 Billion |
| % of Total Assets | 49.07% |
| Annual Growth Rate | 106.53% |
| 5-Year Change | 5.63% |
| 10-Year Change | N/A |
| Growth Volatility | 2371.45 |
Bhakti Multi Artha Pt - Net Assets Trend (2017–2024)
This chart illustrates how Bhakti Multi Artha Pt's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bhakti Multi Artha Pt (2017–2024)
The table below shows the annual net assets of Bhakti Multi Artha Pt from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp548.76 Billion | +0.24% |
| 2023-12-31 | Rp547.43 Billion | +1.12% |
| 2022-12-31 | Rp541.37 Billion | +0.31% |
| 2021-12-31 | Rp539.71 Billion | +3.89% |
| 2020-12-31 | Rp519.53 Billion | +67.47% |
| 2019-12-31 | Rp310.21 Billion | +6794.09% |
| 2018-12-31 | Rp4.50 Billion | +31.49% |
| 2017-12-31 | Rp3.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bhakti Multi Artha 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 13256.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp28.97 Billion | 5.32% |
| Common Stock | Rp500.00 Billion | 91.85% |
| Other Comprehensive Income | Rp13.82 Billion | 2.54% |
| Other Components | Rp1.57 Billion | 0.29% |
| Total Equity | Rp544.36 Billion | 100.00% |
Bhakti Multi Artha Pt Competitors by Market Cap
The table below lists competitors of Bhakti Multi Artha Pt ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Laurent-Perrier
PA:LPE
|
$172.12 Million |
|
Shandong Hongyu Agricultural Machinery Co Ltd
SHE:002890
|
$172.14 Million |
|
Evergent Investments SA
RO:EVER
|
$172.21 Million |
|
TSOGO SUN GAMING RC -02
F:G5E
|
$172.23 Million |
|
SUZUKI
MU:SKI
|
$172.07 Million |
|
Forte Biosciences Inc
NASDAQ:FBRX
|
$172.07 Million |
|
Xinjiang Haoyuan Natural Gas Co Ltd
SHE:002700
|
$172.04 Million |
|
Zhejiang Oceanking Development Co Ltd
SHG:603213
|
$172.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bhakti Multi Artha Pt's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 543,349,774,000 to 544,359,513,000, a change of 1,009,739,000 (0.2%).
- Net income of 203,971,279 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,305,768,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp203.97 Million | +0.04% |
| Other Comprehensive Income | Rp1.31 Billion | +0.24% |
| Other Changes | Rp-500.00 Million | -0.09% |
| Total Change | Rp- | 0.19% |
Book Value vs Market Value Analysis
This analysis compares Bhakti Multi Artha 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: 12.86x
- 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 22087.91x to 12.86x 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 | Rp0.06 | Rp1400.00 | x |
| 2018-12-31 | Rp0.27 | Rp1400.00 | x |
| 2019-12-31 | Rp61.40 | Rp1400.00 | x |
| 2020-12-31 | Rp103.22 | Rp1400.00 | x |
| 2021-12-31 | Rp107.21 | Rp1400.00 | x |
| 2022-12-31 | Rp107.48 | Rp1400.00 | x |
| 2023-12-31 | Rp108.67 | Rp1400.00 | x |
| 2024-12-31 | Rp108.87 | Rp1400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bhakti Multi Artha 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): 0.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.07%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.08x
- Recent ROE (0.04%) is below the historical average (18.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 68.45% | 0.86% | 0.13x | 611.83x | Rp185.22 Million |
| 2018 | 72.10% | 1.96% | 0.24x | 150.87x | Rp852.08 Million |
| 2019 | 0.94% | 8.09% | 0.10x | 1.20x | Rp-27.83 Billion |
| 2020 | 2.23% | 20.25% | 0.09x | 1.26x | Rp-40.09 Billion |
| 2021 | 1.74% | 14.47% | 0.09x | 1.37x | Rp-44.30 Billion |
| 2022 | 0.56% | 2.42% | 0.12x | 1.93x | Rp-50.73 Billion |
| 2023 | 0.62% | 2.39% | 0.13x | 2.05x | Rp-50.99 Billion |
| 2024 | 0.04% | 0.07% | 0.26x | 2.08x | Rp-54.23 Billion |
Industry Comparison
This section compares Bhakti Multi Artha Pt's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $3,465,401,810,284
- Average return on equity (ROE) among peers: 2.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bhakti Multi Artha Pt (BHAT) | Rp582.62 Billion | 68.45% | 1.04x | $172.11 Million |
| Pacific Strategic Financial (APIC) | $460.59 Billion | 3.72% | 0.03x | $7.24 Million |
| Capital Financial Indonesia Tbk PT (CASA) | $8.29 Trillion | 0.23% | 3.60x | $1.92 Billion |
| Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk PT (JMAS) | $122.50 Billion | 2.31% | 1.50x | $3.61 Million |
| Asuransi Jiwa Sinarmas Msig PT (LIFE) | $7.49 Trillion | 1.69% | 1.00x | $66.31 Million |
| Paninvest Tbk (PNIN) | $964.33 Billion | 2.26% | 0.45x | $63.64 Million |