Bintang Samudera Mandiri Lines Tbk PT (BSML) - Net Assets
Based on the latest financial reports, Bintang Samudera Mandiri Lines Tbk PT (BSML) has net assets worth Rp130.95 Billion IDR (≈ $7.67 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 (Rp227.85 Billion ≈ $13.35 Million USD) and total liabilities (Rp96.90 Billion ≈ $5.68 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 Bintang Samudera Mandiri Lines Tbk PT liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp130.95 Billion |
| % of Total Assets | 57.47% |
| Annual Growth Rate | 26.69% |
| 5-Year Change | 151.82% |
| 10-Year Change | N/A |
| Growth Volatility | 29.08 |
Bintang Samudera Mandiri Lines Tbk PT - Net Assets Trend (2018–2024)
This chart illustrates how Bintang Samudera Mandiri Lines Tbk PT's net assets have evolved over time, based on quarterly financial data. Also explore Bintang Samudera Mandiri Lines Tbk PT balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Bintang Samudera Mandiri Lines Tbk PT (2018–2024)
The table below shows the annual net assets of Bintang Samudera Mandiri Lines Tbk PT from 2018 to 2024. For live valuation and market cap data, see Bintang Samudera Mandiri Lines Tbk PT market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp128.91 Billion ≈ $7.55 Million |
+4.35% |
| 2023-12-31 | Rp123.54 Billion ≈ $7.24 Million |
+13.76% |
| 2022-12-31 | Rp108.60 Billion ≈ $6.36 Million |
+14.85% |
| 2021-12-31 | Rp94.56 Billion ≈ $5.54 Million |
+84.70% |
| 2020-12-31 | Rp51.19 Billion ≈ $3.00 Million |
+8.40% |
| 2019-12-31 | Rp47.23 Billion ≈ $2.77 Million |
+51.54% |
| 2018-12-31 | Rp31.16 Billion ≈ $1.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bintang Samudera Mandiri Lines 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 327.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp51.29 Billion | 39.78% |
| Common Stock | Rp46.26 Billion | 35.88% |
| Other Comprehensive Income | Rp1.66 Billion | 1.29% |
| Other Components | Rp29.71 Billion | 23.05% |
| Total Equity | Rp128.91 Billion | 100.00% |
Bintang Samudera Mandiri Lines Tbk PT Competitors by Market Cap
The table below lists competitors of Bintang Samudera Mandiri Lines Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lii Hen Industries Bhd
KLSE:7089
|
$43.38 Million |
|
Next Bt Co. Ltd
KQ:065170
|
$43.39 Million |
|
Korea Circuit Co Ltd
KO:007815
|
$43.40 Million |
|
Alpha Exploration Ltd
V:ALEX
|
$43.40 Million |
|
Dongyang Piston Co Ltd
KO:092780
|
$43.36 Million |
|
HCL Infosystems Limited
NSE:HCL-INSYS
|
$43.33 Million |
|
Verbrec Ltd
AU:VBC
|
$43.33 Million |
|
Telomir Pharmaceuticals, Inc. Common Stock
NASDAQ:TELO
|
$43.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bintang Samudera Mandiri Lines Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 123,535,032,000 to 128,911,201,000, a change of 5,376,169,000 (4.4%).
- Net income of 8,339,597,000 contributed positively to equity growth.
- Dividend payments of 2,997,364,000 reduced retained earnings.
- Other comprehensive income increased equity by 33,936,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp8.34 Billion | +6.47% |
| Dividends Paid | Rp3.00 Billion | -2.33% |
| Other Comprehensive Income | Rp33.94 Million | +0.03% |
| Total Change | Rp- | 4.35% |
Book Value vs Market Value Analysis
This analysis compares Bintang Samudera Mandiri Lines 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: 5.74x
- 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 increased from 5.26x to 5.74x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Rp76.01 | Rp400.00 | x |
| 2019-12-31 | Rp115.19 | Rp400.00 | x |
| 2020-12-31 | Rp138.35 | Rp400.00 | x |
| 2021-12-31 | Rp51.10 | Rp400.00 | x |
| 2022-12-31 | Rp58.69 | Rp400.00 | x |
| 2023-12-31 | Rp66.77 | Rp400.00 | x |
| 2024-12-31 | Rp69.67 | Rp400.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bintang Samudera Mandiri Lines 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): 6.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.41%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.92x
- Recent ROE (6.47%) is below the historical average (11.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 34.64% | 48.32% | 0.11x | 6.51x | Rp7.68 Billion |
| 2019 | 3.24% | 3.66% | 0.19x | 4.54x | Rp-3.19 Billion |
| 2020 | 0.84% | 1.59% | 0.13x | 4.10x | Rp-4.69 Billion |
| 2021 | 4.63% | 7.16% | 0.25x | 2.63x | Rp-5.08 Billion |
| 2022 | 14.75% | 4.62% | 1.28x | 2.49x | Rp5.16 Billion |
| 2023 | 13.82% | 5.38% | 1.24x | 2.07x | Rp4.72 Billion |
| 2024 | 6.47% | 3.41% | 0.99x | 1.92x | Rp-4.55 Billion |
Industry Comparison
This section compares Bintang Samudera Mandiri Lines Tbk PT's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $109,844,550,995
- Average return on equity (ROE) among peers: 8.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bintang Samudera Mandiri Lines Tbk PT (BSML) | Rp130.95 Billion | 34.64% | 0.74x | $43.37 Million |
| Pelayaran Nasional Bina Buana Raya (BBRM) | $69.16 Million | -11.36% | 1.03x | $31.24 Million |
| Batulicin Nusantara Maritim Tbk PT (BESS) | $572.54 Billion | 13.87% | 0.20x | $227.80 Million |
| Berlian Laju Tanker Tbk PT (BLTA) | $353.01 Million | 22.89% | 5.23x | $57.72 Million |
| Buana Listya Tama Tbk PT (BULL) | $101.58 Million | -41.02% | 1.52x | $463.04 Million |
| Capitol Nusantara Indonesia (CANI) | $12.07 Million | 0.00% | 5.77x | $6.89 Million |
| GTS Internasional Tbk PT (GTSI) | $60.27 Million | 22.04% | 0.70x | $203.93 Million |
| Habco Trans Maritima (HATM) | $369.96 Billion | 24.37% | 0.18x | $155.64 Million |
| Humpuss Intermoda Transportasi (HITS) | $21.16 Million | 12.76% | 6.53x | $48.27 Million |
| Tanah Laut Tbk (INDX) | $45.49 Billion | 32.64% | 2.31x | $2.67 Million |
About Bintang Samudera Mandiri Lines Tbk PT
PT Bintang Samudera Mandiri Lines Tbk, together with its subsidiary PT Bintang Samudera Mandiri Persada, provides sea transportation and logistics services in Indonesia. The company transports mining commodities, such as coal and ore; building materials, including cement, sand, pipes, and construction equipment; and fertilizers and clinkers. It also offers shipping agency, bunkering, loading and … Read more