Bank Sinarmas Tbk
PT Bank Sinarmas Tbk provides various banking products and services in Indonesia. The company operates through Marketing and Credit, Treasury, and Trade Finance segments. It offers savings, time and on-call deposits, and current accounts; mutual funds; bancassurance products; and mutual funds investment and guarantees services. The company also provides unsecured, car ownership, multipurpose, wor… Read more
Bank Sinarmas Tbk (BSIM) - Net Assets
Latest net assets as of June 2025: Rp8.91 Trillion IDR
Based on the latest financial reports, Bank Sinarmas Tbk (BSIM) has net assets worth Rp8.91 Trillion IDR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp49.52 Trillion) and total liabilities (Rp40.60 Trillion). 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 | Rp8.91 Trillion |
| % of Total Assets | 18.0% |
| Annual Growth Rate | 24.96% |
| 5-Year Change | 41.98% |
| 10-Year Change | 134.35% |
| Growth Volatility | 137.72 |
Bank Sinarmas Tbk - Net Assets Trend (2003–2024)
This chart illustrates how Bank Sinarmas 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 Bank Sinarmas Tbk (2003–2024)
The table below shows the annual net assets of Bank Sinarmas Tbk from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp8.60 Trillion | +9.87% |
| 2023-12-31 | Rp7.83 Trillion | +7.44% |
| 2022-12-31 | Rp7.29 Trillion | -1.01% |
| 2021-12-31 | Rp7.36 Trillion | +21.51% |
| 2020-12-31 | Rp6.06 Trillion | -83.41% |
| 2019-12-31 | Rp36.50 Trillion | +651.67% |
| 2018-12-31 | Rp4.86 Trillion | +0.25% |
| 2017-12-31 | Rp4.84 Trillion | +8.24% |
| 2016-12-31 | Rp4.48 Trillion | +21.96% |
| 2015-12-31 | Rp3.67 Trillion | +16.11% |
| 2014-12-31 | Rp3.16 Trillion | +14.75% |
| 2013-12-31 | Rp2.75 Trillion | +50.87% |
| 2012-12-31 | Rp1.83 Trillion | +40.98% |
| 2011-12-31 | Rp1.29 Trillion | +42.07% |
| 2010-12-31 | Rp911.49 Billion | +59.51% |
| 2009-12-31 | Rp571.43 Billion | +36.82% |
| 2008-12-31 | Rp417.66 Billion | +55.19% |
| 2007-12-31 | Rp269.13 Billion | +84.16% |
| 2006-12-31 | Rp146.14 Billion | +41.15% |
| 2005-12-31 | Rp103.54 Billion | +22.59% |
| 2004-12-31 | Rp84.45 Billion | +5.73% |
| 2003-12-31 | Rp79.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bank Sinarmas 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 6583.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp2.00 Trillion | 24.86% |
| Common Stock | Rp1.97 Trillion | 24.55% |
| Other Components | Rp4.06 Trillion | 50.60% |
| Total Equity | Rp8.03 Trillion | 100.00% |
Bank Sinarmas Tbk Competitors by Market Cap
The table below lists competitors of Bank Sinarmas Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Precigen Inc
NASDAQ:PGEN
|
$434.08 Million |
|
CHTC Helon Co Ltd
SHE:000677
|
$434.09 Million |
|
General Interface Solution GIS Holding Ltd
TW:6456
|
$434.18 Million |
|
MANDARIN ORIENTAL DL-05
F:1C4
|
$434.24 Million |
|
Shanghai Baosteel Packaging
SHG:601968
|
$433.98 Million |
|
CareRay Digital Medical Technology Co Ltd
SHG:688607
|
$433.85 Million |
|
Petroreconcavo S.A
SA:RECV3
|
$433.71 Million |
|
Black Peony Group Co Ltd
SHG:600510
|
$433.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank Sinarmas Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,826,768,000,000 to 8,032,440,000,000, a change of 205,672,000,000 (2.6%).
- Net income of 290,845,000,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 588,242,000,000.
- Other factors increased equity by 503,069,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp290.85 Billion | +3.62% |
| Other Comprehensive Income | Rp-588.24 Billion | -7.32% |
| Other Changes | Rp503.07 Billion | +6.26% |
| Total Change | Rp- | 2.63% |
Book Value vs Market Value Analysis
This analysis compares Bank Sinarmas 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: 2.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.87x to 2.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | Rp100.89 | Rp895.00 | x |
| 2010-12-31 | Rp153.86 | Rp895.00 | x |
| 2011-12-31 | Rp153.89 | Rp895.00 | x |
| 2012-12-31 | Rp161.38 | Rp895.00 | x |
| 2013-12-31 | Rp205.52 | Rp895.00 | x |
| 2014-12-31 | Rp235.84 | Rp895.00 | x |
| 2015-12-31 | Rp256.66 | Rp895.00 | x |
| 2016-12-31 | Rp281.72 | Rp895.00 | x |
| 2017-12-31 | Rp245.42 | Rp895.00 | x |
| 2018-12-31 | Rp246.05 | Rp895.00 | x |
| 2019-12-31 | Rp307.77 | Rp895.00 | x |
| 2020-12-31 | Rp306.87 | Rp895.00 | x |
| 2021-12-31 | Rp388.93 | Rp895.00 | x |
| 2022-12-31 | Rp369.49 | Rp895.00 | x |
| 2023-12-31 | Rp396.97 | Rp895.00 | x |
| 2024-12-31 | Rp407.40 | Rp895.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank Sinarmas 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): 3.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.95%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 6.92x
- Recent ROE (3.62%) is below the historical average (5.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 8.53% | 12.85% | 0.05x | 14.06x | Rp-8.38 Billion |
| 2010 | 11.17% | 20.48% | 0.04x | 12.32x | Rp10.66 Billion |
| 2011 | 8.70% | 18.64% | 0.04x | 12.86x | Rp-16.85 Billion |
| 2012 | 12.48% | 23.27% | 0.06x | 8.30x | Rp45.35 Billion |
| 2013 | 8.03% | 19.70% | 0.06x | 6.33x | Rp-54.33 Billion |
| 2014 | 4.90% | 12.25% | 0.06x | 6.73x | Rp-161.12 Billion |
| 2015 | 5.05% | 10.20% | 0.07x | 7.59x | Rp-181.81 Billion |
| 2016 | 8.28% | 15.47% | 0.08x | 6.97x | Rp-76.88 Billion |
| 2017 | 6.58% | 12.92% | 0.08x | 6.28x | Rp-165.50 Billion |
| 2018 | 1.04% | 1.80% | 0.09x | 6.33x | Rp-435.17 Billion |
| 2019 | 0.11% | 0.16% | 0.11x | 6.02x | Rp-600.69 Billion |
| 2020 | 1.96% | 3.06% | 0.09x | 7.37x | Rp-487.16 Billion |
| 2021 | 1.74% | 3.19% | 0.08x | 7.16x | Rp-608.19 Billion |
| 2022 | 3.04% | 5.91% | 0.08x | 6.50x | Rp-507.34 Billion |
| 2023 | 0.97% | 1.88% | 0.08x | 6.72x | Rp-706.88 Billion |
| 2024 | 3.62% | 6.95% | 0.08x | 6.92x | Rp-512.40 Billion |
Industry Comparison
This section compares Bank Sinarmas Tbk's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $6,121,527,008,058
- Average return on equity (ROE) among peers: -2.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank Sinarmas Tbk (BSIM) | Rp8.91 Trillion | 8.53% | 4.56x | $434.00 Million |
| Bank Agris Tbk (AGRS) | $567.10 Billion | 0.69% | 6.44x | $17.52 Million |
| Bank Amar Indonesia (AMAR) | $3.18 Trillion | -4.89% | 0.42x | $6.61 Million |
| Bank Mnc Internasional Tbk (BABP) | $536.71 Billion | 3.85% | 10.82x | $7.22 Million |
| Bank Net Indonesia Syariah Tbk PT (BANK) | $950.85 Billion | 4.24% | 1.17x | $175.00 Million |
| Bank Central Asia Tbk (BBCA) | $12.63 Trillion | 18.94% | 9.55x | $20.04 Billion |
| Bk Harda Internasional Tbk Pt (BBHI) | $336.48 Billion | -36.60% | 5.73x | $251.65 Million |
| Bank Bukopin Tbk (BBKP) | $11.22 Trillion | -44.82% | 7.02x | $111.65 Million |
| Bank Mestika Dharma Tbk (BBMD) | $4.01 Trillion | 8.13% | 2.53x | $15.70 Million |
| Bank Rakyat Indonesia Persero (BBRI) | $27.26 Trillion | 26.81% | 10.63x | $15.34 Billion |
| PT Bank Bisnis Internasional Tbk (BBSI) | $538.46 Billion | 1.50% | 0.00x | $110.21 Million |