PT Golden Energy Mines Tbk
PT Golden Energy Mines Tbk, through its subsidiaries, engages in coal mining business in Indonesia, China, India, the Philippines, South Korea, Bangladesh, Cambodia, Malaysia, Hongkong, and Vietnam. It operates in two segments, Coal Trading and Coal Mining. It offers management consultant services. The company was formerly known as PT Bumi Kencana Eka Sakti and changed its name to PT Golden Energ… Read more
PT Golden Energy Mines Tbk (GEMS) - Net Assets
Latest net assets as of September 2025: Rp648.99 Million IDR
Based on the latest financial reports, PT Golden Energy Mines Tbk (GEMS) has net assets worth Rp648.99 Million IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.12 Billion) and total liabilities (Rp475.87 Million). 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 | Rp648.99 Million |
| % of Total Assets | 57.7% |
| Annual Growth Rate | -53.4% |
| 5-Year Change | 126.24% |
| 10-Year Change | N/A |
| Growth Volatility | 45.24 |
PT Golden Energy Mines Tbk - Net Assets Trend (2013–2024)
This chart illustrates how PT Golden Energy Mines 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 PT Golden Energy Mines Tbk (2013–2024)
The table below shows the annual net assets of PT Golden Energy Mines Tbk from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp661.13 Million | -0.30% |
| 2023-12-31 | Rp663.11 Million | +18.79% |
| 2022-12-31 | Rp558.24 Million | +76.48% |
| 2021-12-31 | Rp316.32 Million | +8.25% |
| 2017-12-31 | Rp292.22 Million | +10.30% |
| 2016-12-31 | Rp264.92 Million | +7.03% |
| 2015-12-31 | Rp247.51 Million | -0.22% |
| 2014-12-31 | Rp248.06 Million | -99.99% |
| 2013-12-31 | Rp2.94 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PT Golden Energy Mines 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 decreased by 99.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp427.41 Million | 65.54% |
| Common Stock | Rp65.07 Million | 9.98% |
| Other Components | Rp159.68 Million | 24.49% |
| Total Equity | Rp652.16 Million | 100.00% |
PT Golden Energy Mines Tbk Competitors by Market Cap
The table below lists competitors of PT Golden Energy Mines Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Arkora Hydro Tbk
JK:ARKO
|
$310.75 Million |
|
Topkey Corp
TW:4536
|
$310.80 Million |
|
Hektas Ticaret TAS
IS:HEKTS
|
$310.87 Million |
|
Jiangsu Jujie Microfiber Technology
SHE:300819
|
$310.91 Million |
|
Promate Electronic Co Ltd
TW:6189
|
$310.68 Million |
|
Shanghai Laimu Electronics Co Ltd
SHG:603633
|
$310.68 Million |
|
Shaanxi Jinye Science Technology and Education Group Co Ltd
SHE:000812
|
$310.62 Million |
|
Guangdong VTR Bio-Tech Co Ltd
SHE:300381
|
$310.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PT Golden Energy Mines Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 653,750,413 to 652,159,014, a change of -1,591,399 (-0.2%).
- Net income of 473,806,214 contributed positively to equity growth.
- Dividend payments of 475,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp473.81 Million | +72.65% |
| Dividends Paid | Rp475.00 Million | -72.83% |
| Other Changes | Rp-397.61K | -0.06% |
| Total Change | Rp- | -0.24% |
Book Value vs Market Value Analysis
This analysis compares PT Golden Energy Mines 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: 74638.96x
- 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 154513.60x to 74638.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | Rp0.05 | Rp8275.00 | x |
| 2022-12-31 | Rp0.09 | Rp8275.00 | x |
| 2023-12-31 | Rp0.11 | Rp8275.00 | x |
| 2024-12-31 | Rp0.11 | Rp8275.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PT Golden Energy Mines 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): 72.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.51%
- • Asset Turnover: 2.18x
- • Equity Multiplier: 1.90x
- Recent ROE (72.65%) is below the historical average (6043.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.72% | 5.12% | 1.11x | 1.36x | Rp-66.80 Billion |
| 2014 | 53939.39% | 30602.82% | 1.38x | 1.28x | Rp133.39 Billion |
| 2015 | 0.82% | 0.57% | 0.96x | 1.50x | Rp-22.67 Million |
| 2016 | 13.04% | 8.96% | 1.02x | 1.43x | Rp8.04 Million |
| 2017 | 40.47% | 15.50% | 1.29x | 2.03x | Rp88.63 Million |
| 2021 | 110.47% | 21.94% | 1.91x | 2.63x | Rp316.50 Million |
| 2022 | 123.34% | 23.30% | 2.59x | 2.05x | Rp625.21 Million |
| 2023 | 79.29% | 17.86% | 2.21x | 2.01x | Rp453.01 Million |
| 2024 | 72.65% | 17.51% | 2.18x | 1.90x | Rp408.59 Million |
Industry Comparison
This section compares PT Golden Energy Mines Tbk's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $76,529,607,888
- Average return on equity (ROE) among peers: 5.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Golden Energy Mines Tbk (GEMS) | Rp648.99 Million | 7.72% | 0.73x | $310.75 Million |
| Adaro Andalan Indonesia Tbk (AADI) | $4.37 Billion | 26.20% | 0.62x | $1.87 Billion |
| Abm Investama Tbk (ABMM) | $161.75 Million | -23.33% | 4.11x | $48.25 Million |
| PT Alamtri Resources Indonesia Tbk (ADRO) | $4.46 Billion | 20.94% | 0.70x | $1.66 Billion |
| Akbar Indomakmur Stimec Tbk (AIMS) | $14.97 Billion | -10.78% | 0.01x | $2.15 Million |
| Atlas Resources Tbk (ARII) | $56.27 Million | -43.42% | 4.87x | $28.40 Million |
| Borneo Olah Sarana Sukses PT (BOSS) | $87.38 Billion | -121.65% | 7.00x | $2.95 Million |
| Baramulti Suksessarana Tbk (BSSR) | $190.38 Million | 16.03% | 0.38x | $59.12 Million |
| Bumi Resources Tbk (BUMI) | $286.35 Million | 130.35% | 11.91x | $1.77 Billion |
| Bayan Resources Tbk (BYAN) | $1.98 Billion | 62.59% | 0.74x | $5.78 Billion |
| Exploitasi Energi Indonesia (CNKO) | $651.45 Billion | 0.23% | 0.16x | $256.50K |