Bank Pembangunan Timur Tbk (BJTM) - Net Assets
Based on the latest financial reports, Bank Pembangunan Timur Tbk (BJTM) has net assets worth Rp14.77 Trillion IDR (≈ $865.24 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp118.16 Trillion ≈ $6.92 Billion USD) and total liabilities (Rp103.39 Trillion ≈ $6.06 Billion 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 BJTM asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp14.77 Trillion |
| % of Total Assets | 12.5% |
| Annual Growth Rate | 14.61% |
| 5-Year Change | 45.93% |
| 10-Year Change | 131.91% |
| Growth Volatility | 14.9 |
Bank Pembangunan Timur Tbk - Net Assets Trend (2006–2024)
This chart illustrates how Bank Pembangunan Timur Tbk's net assets have evolved over time, based on quarterly financial data. Also explore BJTM total asset value for the complete picture of this company's asset base.
Annual Net Assets for Bank Pembangunan Timur Tbk (2006–2024)
The table below shows the annual net assets of Bank Pembangunan Timur Tbk from 2006 to 2024. For live valuation and market cap data, see Bank Pembangunan Timur Tbk stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp14.60 Trillion ≈ $855.50 Million |
+20.15% |
| 2023-12-31 | Rp12.15 Trillion ≈ $712.00 Million |
+6.16% |
| 2022-12-31 | Rp11.45 Trillion ≈ $670.68 Million |
+4.91% |
| 2021-12-31 | Rp10.91 Trillion ≈ $639.31 Million |
+9.05% |
| 2020-12-31 | Rp10.00 Trillion ≈ $586.25 Million |
+8.92% |
| 2019-12-31 | Rp9.19 Trillion ≈ $538.24 Million |
+8.42% |
| 2018-12-31 | Rp8.47 Trillion ≈ $496.42 Million |
+8.39% |
| 2017-12-31 | Rp7.82 Trillion ≈ $457.99 Million |
+8.41% |
| 2016-12-31 | Rp7.21 Trillion ≈ $422.45 Million |
+14.52% |
| 2015-12-31 | Rp6.30 Trillion ≈ $368.89 Million |
+4.17% |
| 2014-12-31 | Rp6.04 Trillion ≈ $354.13 Million |
+5.68% |
| 2013-12-31 | Rp5.72 Trillion ≈ $335.09 Million |
+4.22% |
| 2012-12-31 | Rp5.49 Trillion ≈ $321.52 Million |
+68.31% |
| 2011-12-31 | Rp3.26 Trillion ≈ $191.03 Million |
+19.18% |
| 2010-12-31 | Rp2.74 Trillion ≈ $160.28 Million |
+32.83% |
| 2009-12-31 | Rp2.06 Trillion ≈ $120.67 Million |
+13.70% |
| 2008-12-31 | Rp1.81 Trillion ≈ $106.13 Million |
+16.03% |
| 2007-12-31 | Rp1.56 Trillion ≈ $91.47 Million |
+24.46% |
| 2006-12-31 | Rp1.25 Trillion ≈ $73.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bank Pembangunan Timur 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 235.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp1.28 Trillion | 10.24% |
| Common Stock | Rp3.75 Trillion | 30.00% |
| Other Comprehensive Income | Rp6.94 Trillion | 55.50% |
| Other Components | Rp532.73 Billion | 4.26% |
| Total Equity | Rp12.51 Trillion | 100.00% |
Bank Pembangunan Timur Tbk Competitors by Market Cap
The table below lists competitors of Bank Pembangunan Timur Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Champion Building Materials Co Ltd
TW:1806
|
$104.73 Million |
|
BAPCOR LTD.
F:0BS
|
$104.76 Million |
|
Hillevax Inc
NASDAQ:HLVX
|
$104.76 Million |
|
ABCO Electronics Co. Ltd
KQ:036010
|
$104.77 Million |
|
Singha Estate Public Company Limited
BK:S
|
$104.68 Million |
|
Luxchem Corporation Bhd
KLSE:5143
|
$104.67 Million |
|
Meiloon Industrial Co Ltd
TW:2477
|
$104.66 Million |
|
Geodrill Limited
TO:GEO
|
$104.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank Pembangunan Timur Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,151,069,000,000 to 12,512,592,000,000, a change of 361,523,000,000 (3.0%).
- Net income of 1,281,718,000,000 contributed positively to equity growth.
- Dividend payments of 816,693,000,000 reduced retained earnings.
- Share repurchases of 50,100,000,000 reduced equity.
- New share issuances of 50,100,000,000 increased equity.
- Other comprehensive income increased equity by 549,910,000,000.
- Other factors decreased equity by 653,412,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.28 Trillion | +10.24% |
| Dividends Paid | Rp816.69 Billion | -6.53% |
| Share Repurchases | Rp50.10 Billion | -0.4% |
| Share Issuances | Rp50.10 Billion | +0.4% |
| Other Comprehensive Income | Rp549.91 Billion | +4.39% |
| Other Changes | Rp-653.41 Billion | -5.22% |
| Total Change | Rp- | 2.98% |
Book Value vs Market Value Analysis
This analysis compares Bank Pembangunan Timur 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: 0.70x
- 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 6.90x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | Rp84.08 | Rp580.00 | x |
| 2007-12-31 | Rp104.65 | Rp580.00 | x |
| 2008-12-31 | Rp121.42 | Rp580.00 | x |
| 2009-12-31 | Rp138.05 | Rp580.00 | x |
| 2010-12-31 | Rp183.36 | Rp580.00 | x |
| 2011-12-31 | Rp378.26 | Rp580.00 | x |
| 2012-12-31 | Rp424.10 | Rp580.00 | x |
| 2013-12-31 | Rp383.35 | Rp580.00 | x |
| 2014-12-31 | Rp405.13 | Rp580.00 | x |
| 2015-12-31 | Rp422.01 | Rp580.00 | x |
| 2016-12-31 | Rp482.97 | Rp580.00 | x |
| 2017-12-31 | Rp522.57 | Rp580.00 | x |
| 2018-12-31 | Rp565.68 | Rp580.00 | x |
| 2019-12-31 | Rp612.60 | Rp580.00 | x |
| 2020-12-31 | Rp666.31 | Rp580.00 | x |
| 2021-12-31 | Rp726.62 | Rp580.00 | x |
| 2022-12-31 | Rp762.27 | Rp580.00 | x |
| 2023-12-31 | Rp809.24 | Rp580.00 | x |
| 2024-12-31 | Rp833.31 | Rp580.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank Pembangunan Timur 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): 10.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.14%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 9.44x
- Recent ROE (10.24%) is below the historical average (18.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 30.42% | 21.76% | 0.12x | 11.30x | Rp256.16 Billion |
| 2007 | 25.84% | 23.20% | 0.11x | 10.08x | Rp247.36 Billion |
| 2008 | 26.43% | 22.77% | 0.13x | 8.99x | Rp297.64 Billion |
| 2009 | 25.10% | 23.52% | 0.13x | 8.46x | Rp310.90 Billion |
| 2010 | 31.09% | 30.17% | 0.14x | 7.31x | Rp576.84 Billion |
| 2011 | 26.39% | 29.97% | 0.12x | 7.62x | Rp534.22 Billion |
| 2012 | 13.21% | 23.87% | 0.10x | 5.31x | Rp175.93 Billion |
| 2013 | 14.41% | 23.06% | 0.11x | 5.78x | Rp252.45 Billion |
| 2014 | 15.54% | 21.98% | 0.11x | 6.29x | Rp334.72 Billion |
| 2015 | 14.05% | 17.80% | 0.12x | 6.80x | Rp254.96 Billion |
| 2016 | 14.26% | 19.86% | 0.12x | 5.97x | Rp307.26 Billion |
| 2017 | 14.83% | 22.34% | 0.10x | 6.59x | Rp377.76 Billion |
| 2018 | 14.88% | 22.78% | 0.09x | 7.40x | Rp413.11 Billion |
| 2019 | 14.99% | 22.16% | 0.08x | 8.35x | Rp457.94 Billion |
| 2020 | 14.88% | 23.11% | 0.08x | 8.36x | Rp488.47 Billion |
| 2021 | 13.96% | 21.62% | 0.07x | 9.23x | Rp432.02 Billion |
| 2022 | 13.48% | 20.94% | 0.07x | 9.00x | Rp398.24 Billion |
| 2023 | 12.10% | 18.64% | 0.08x | 8.55x | Rp255.00 Billion |
| 2024 | 10.24% | 14.14% | 0.08x | 9.44x | Rp30.46 Billion |
Industry Comparison
This section compares Bank Pembangunan Timur Tbk's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,930,214,054,600
- Average return on equity (ROE) among peers: 0.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank Pembangunan Timur Tbk (BJTM) | Rp14.77 Trillion | 30.42% | 7.00x | $104.72 Million |
| Bank Rakyat Indonesia Agroniaga (AGRO) | $235.09 Billion | 0.00% | 11.64x | $262.39 Million |
| Bank Agris Tbk (AGRS) | $567.10 Billion | 0.69% | 6.44x | $196.33 Million |
| Bank Amar Indonesia (AMAR) | $3.34 Trillion | 6.44% | 0.46x | $208.99 Million |
| Bank Artos Indonesia Tbk PT (ARTO) | $105.09 Billion | 0.00% | 3.34x | $1.06 Billion |
| Bank Mnc Internasional Tbk (BABP) | $268.38 Billion | 11.79% | 13.17x | $132.86 Million |
| Bank Capital Indonesia Tbk (BACA) | $1.64 Trillion | 3.74% | 11.33x | $160.18 Million |
| Bank Net Indonesia Syariah Tbk PT (BANK) | $754.61 Billion | -39.01% | 1.31x | $502.76 Million |
| Bank Central Asia Tbk (BBCA) | $15.85 Trillion | 22.70% | 8.48x | $42.25 Billion |
| Bk Harda Internasional Tbk Pt (BBHI) | $299.77 Billion | -12.19% | 7.43x | $1.62 Billion |
| Bank Bukopin Tbk (BBKP) | $6.24 Trillion | 15.16% | 10.12x | $671.50 Million |
About Bank Pembangunan Timur Tbk
PT Bank Pembangunan Daerah Jawa Timur Tbk provides various banking products and services in Indonesia. The company offers savings and current accounts, and deposits; personal loan, such as property and property consumption, multiguna, motor vehicle loans, and gold guarantee and cash collateral credit; productive loans; property construction loan, bank guarantee, checking account, investment loan,… Read more