Blue Bird Tbk PT (BIRD) - Net Assets
Based on the latest financial reports, Blue Bird Tbk PT (BIRD) has net assets worth Rp6.48 Trillion IDR (≈ $379.90 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp9.88 Trillion ≈ $578.77 Million USD) and total liabilities (Rp3.39 Trillion ≈ $198.87 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 BIRD intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp6.48 Trillion |
| % of Total Assets | 65.64% |
| Annual Growth Rate | 7.52% |
| 5-Year Change | 22.9% |
| 10-Year Change | 35.68% |
| Growth Volatility | 54.32 |
Blue Bird Tbk PT - Net Assets Trend (2012–2025)
This chart illustrates how Blue Bird Tbk PT's net assets have evolved over time, based on quarterly financial data. See Blue Bird Tbk PT (BIRD) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Blue Bird Tbk PT (2012–2025)
The table below shows the annual net assets of Blue Bird Tbk PT from 2012 to 2025. For live valuation and market cap data, see Blue Bird Tbk PT market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp6.33 Trillion ≈ $370.69 Million |
+5.53% |
| 2024-12-31 | Rp5.99 Trillion ≈ $351.28 Million |
+6.46% |
| 2023-12-31 | Rp5.63 Trillion ≈ $329.98 Million |
+5.25% |
| 2022-12-31 | Rp5.35 Trillion ≈ $313.53 Million |
+3.95% |
| 2021-12-31 | Rp5.15 Trillion ≈ $301.63 Million |
-1.68% |
| 2020-12-31 | Rp5.24 Trillion ≈ $306.78 Million |
-3.19% |
| 2019-12-31 | Rp5.41 Trillion ≈ $316.89 Million |
+2.71% |
| 2018-12-31 | Rp5.27 Trillion ≈ $308.52 Million |
+6.78% |
| 2017-12-31 | Rp4.93 Trillion ≈ $288.93 Million |
+5.75% |
| 2016-12-31 | Rp4.66 Trillion ≈ $273.21 Million |
+7.73% |
| 2015-12-31 | Rp4.33 Trillion ≈ $253.61 Million |
+20.12% |
| 2014-12-31 | Rp3.60 Trillion ≈ $211.13 Million |
+195.81% |
| 2013-12-31 | Rp1.22 Trillion ≈ $71.37 Million |
-50.57% |
| 2012-12-31 | Rp2.46 Trillion ≈ $144.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Blue Bird 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 1392.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp3.39 Trillion | 54.63% |
| Common Stock | Rp250.21 Billion | 4.03% |
| Other Comprehensive Income | Rp54.00 Billion | 0.87% |
| Other Components | Rp2.51 Trillion | 40.47% |
| Total Equity | Rp6.21 Trillion | 100.00% |
Blue Bird Tbk PT Competitors by Market Cap
The table below lists competitors of Blue Bird Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SILENCE THERAP. SP.ADR/1
F:XRP2
|
$245.62 Million |
|
Medallion Metals Ltd
AU:MM8
|
$245.62 Million |
|
Ayen Enerji AS
IS:AYEN
|
$245.63 Million |
|
NEOBO FASTIGHETER
ST:NEOBO
|
$245.87 Million |
|
MFS Multimarket Income Trust
NYSE:MMT
|
$245.51 Million |
|
Akfen Gayrimenkul Yatirim Ortakligi AS
IS:AKFGY
|
$245.45 Million |
|
Odfjell Technology Ltd
OL:OTL
|
$245.43 Million |
|
Ceragon Networks Ltd
NASDAQ:CRNT
|
$245.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Bird Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,880,727,000,000 to 6,208,396,000,000, a change of 327,669,000,000 (5.6%).
- Net income of 635,837,000,000 contributed positively to equity growth.
- Dividend payments of 300,252,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp635.84 Billion | +10.24% |
| Dividends Paid | Rp300.25 Billion | -4.84% |
| Other Changes | Rp-7.92 Billion | -0.13% |
| Total Change | Rp- | 5.57% |
Book Value vs Market Value Analysis
This analysis compares Blue Bird 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: 0.68x
- 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 3.63x to 0.68x 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 | Rp461.22 | Rp1675.00 | x |
| 2013-12-31 | Rp541.25 | Rp1675.00 | x |
| 2014-12-31 | Rp1615.52 | Rp1675.00 | x |
| 2015-12-31 | Rp1701.01 | Rp1675.00 | x |
| 2016-12-31 | Rp1834.04 | Rp1675.00 | x |
| 2017-12-31 | Rp1940.55 | Rp1675.00 | x |
| 2018-12-31 | Rp2073.22 | Rp1675.00 | x |
| 2019-12-31 | Rp2121.89 | Rp1675.00 | x |
| 2020-12-31 | Rp2053.65 | Rp1675.00 | x |
| 2021-12-31 | Rp2018.32 | Rp1675.00 | x |
| 2022-12-31 | Rp2097.52 | Rp1675.00 | x |
| 2023-12-31 | Rp2206.23 | Rp1675.00 | x |
| 2024-12-31 | Rp2350.32 | Rp1675.00 | x |
| 2025-12-31 | Rp2481.27 | Rp1675.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Bird 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): 10.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.14%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.55x
- Recent ROE (10.24%) is below the historical average (12.89%), 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 | 12.05% | 3.81% | 0.80x | 3.94x | Rp20.13 Billion |
| 2013 | 61.50% | 18.05% | 0.78x | 4.36x | Rp592.49 Billion |
| 2014 | 20.79% | 15.45% | 0.66x | 2.03x | Rp381.58 Billion |
| 2015 | 19.36% | 15.06% | 0.77x | 1.68x | Rp398.42 Billion |
| 2016 | 11.05% | 10.58% | 0.66x | 1.59x | Rp48.38 Billion |
| 2017 | 8.75% | 10.11% | 0.65x | 1.34x | Rp-60.68 Billion |
| 2018 | 8.82% | 10.84% | 0.61x | 1.34x | Rp-61.44 Billion |
| 2019 | 5.92% | 7.77% | 0.55x | 1.40x | Rp-216.35 Billion |
| 2020 | -3.18% | -7.97% | 0.28x | 1.41x | Rp-677.03 Billion |
| 2021 | 0.15% | 0.35% | 0.34x | 1.31x | Rp-497.29 Billion |
| 2022 | 6.83% | 9.98% | 0.52x | 1.31x | Rp-166.47 Billion |
| 2023 | 8.21% | 10.24% | 0.58x | 1.37x | Rp-99.05 Billion |
| 2024 | 9.95% | 11.61% | 0.60x | 1.44x | Rp-2.88 Billion |
| 2025 | 10.24% | 11.14% | 0.59x | 1.55x | Rp15.00 Billion |
Industry Comparison
This section compares Blue Bird Tbk PT's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $-440,716,032,812
- Average return on equity (ROE) among peers: -50.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Bird Tbk PT (BIRD) | Rp6.48 Trillion | 12.05% | 0.52x | $245.58 Million |
| Eka Sari Lorena Transport Tbk (LRNA) | $250.35 Billion | -11.38% | 0.24x | $3.73 Million |
| Steady Safe TBK PT (SAFE) | $-2.33 Trillion | 0.00% | 0.00x | $15.01 Million |
| Express Transindo Utama Tbk (TAXI) | $246.51 Billion | -199.33% | 7.15x | $8.39 Million |
| Weha Transportasi Indonesia TBK (WEHA) | $71.89 Billion | 6.99% | 1.28x | $8.82 Million |
About Blue Bird Tbk PT
PT Blue Bird Tbk provides taxi transportation services in Indonesia. The company offers taxi services, car rental, and shuttle services; charter bus services; and logistics services. It also provides advertisement solutions. In addition, the company operates hotel and resorts. Further, it provides outsourcing services. Additionally, the company is involved in auction activities, as well as engage… Read more