PT Golden Energy Mines Tbk (GEMS) - Net Assets
Based on the latest financial reports, PT Golden Energy Mines Tbk (GEMS) has net assets worth Rp708.94 Million IDR (≈ $41.54K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.20 Billion ≈ $70.15K USD) and total liabilities (Rp488.26 Million ≈ $28.61K 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 PT Golden Energy Mines Tbk asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp708.94 Million |
| % of Total Assets | 59.22% |
| Annual Growth Rate | 17.69% |
| 5-Year Change | 124.12% |
| 10-Year Change | 167.61% |
| Growth Volatility | 102.2 |
PT Golden Energy Mines Tbk - Net Assets Trend (2010–2025)
This chart illustrates how PT Golden Energy Mines Tbk's net assets have evolved over time, based on quarterly financial data. Also explore GEMS total assets for the complete picture of this company's asset base.
Annual Net Assets for PT Golden Energy Mines Tbk (2010–2025)
The table below shows the annual net assets of PT Golden Energy Mines Tbk from 2010 to 2025. For live valuation and market cap data, see GEMS company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp708.94 Million ≈ $41.54K |
+7.23% |
| 2024-12-31 | Rp661.13 Million ≈ $38.74K |
-0.30% |
| 2023-12-31 | Rp663.11 Million ≈ $38.86K |
+18.79% |
| 2022-12-31 | Rp558.24 Million ≈ $32.71K |
+76.48% |
| 2021-12-31 | Rp316.32 Million ≈ $18.54K |
-9.48% |
| 2020-12-31 | Rp349.43 Million ≈ $20.48K |
-2.47% |
| 2019-12-31 | Rp358.27 Million ≈ $20.99K |
+13.44% |
| 2018-12-31 | Rp315.81 Million ≈ $18.51K |
+8.07% |
| 2017-12-31 | Rp292.22 Million ≈ $17.12K |
+10.30% |
| 2016-12-31 | Rp264.92 Million ≈ $15.52K |
+7.03% |
| 2015-12-31 | Rp247.51 Million ≈ $14.50K |
-0.08% |
| 2014-12-31 | Rp247.70 Million ≈ $14.51K |
+1.87% |
| 2013-12-31 | Rp243.16 Million ≈ $14.25K |
-19.03% |
| 2012-12-31 | Rp300.30 Million ≈ $17.60K |
-4.23% |
| 2011-12-31 | Rp313.57 Million ≈ $18.37K |
+409.09% |
| 2010-12-31 | Rp61.59 Million ≈ $3.61K |
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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 grown by 14003.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp474.88 Million | 67.56% |
| Common Stock | Rp65.10 Million | 9.26% |
| Other Comprehensive Income | Rp-66.23 Million | -9.42% |
| Other Components | Rp229.13 Million | 32.60% |
| Total Equity | Rp702.89 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 |
|---|---|
|
Beijing Highlander Digital Technology Co Ltd
SHE:300065
|
$2.73 Billion |
|
TISCO Financial Group Public Company Limited
BK:TISCO
|
$2.73 Billion |
|
Shanghai Tunnel Engineering Co Ltd
SHG:600820
|
$2.73 Billion |
|
Hesai Group Sponsored ADR
NASDAQ:HSAI
|
$2.73 Billion |
|
Ingevity Corp
NYSE:NGVT
|
$2.73 Billion |
|
Nuode Investment Co Ltd
SHG:600110
|
$2.73 Billion |
|
Fastly, Inc. Class A Common Stock
NYSE:FSLY
|
$2.73 Billion |
|
National HealthCare Corporation
NYSE MKT:NHC
|
$2.73 Billion |
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 2024 to 2025, total equity changed from 652,159,014 to 702,886,270, a change of 50,727,256 (7.8%).
- Net income of 255,065,460 contributed positively to equity growth.
- Dividend payments of 207,422,884 reduced retained earnings.
- Other comprehensive income decreased equity by 66,226,494.
- Other factors increased equity by 69,311,174.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp255.07 Million | +36.29% |
| Dividends Paid | Rp207.42 Million | -29.51% |
| Other Comprehensive Income | Rp-66.23 Million | -9.42% |
| Other Changes | Rp69.31 Million | +9.86% |
| Total Change | Rp- | 7.78% |
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: 66323.17x
- 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 269604.03x to 66323.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | Rp0.03 | Rp7925.00 | x |
| 2011-12-31 | Rp0.06 | Rp7925.00 | x |
| 2012-12-31 | Rp0.05 | Rp7925.00 | x |
| 2013-12-31 | Rp0.04 | Rp7925.00 | x |
| 2014-12-31 | Rp0.04 | Rp7925.00 | x |
| 2015-12-31 | Rp0.04 | Rp7925.00 | x |
| 2016-12-31 | Rp0.04 | Rp7925.00 | x |
| 2017-12-31 | Rp0.05 | Rp7925.00 | x |
| 2018-12-31 | Rp0.05 | Rp7925.00 | x |
| 2019-12-31 | Rp0.06 | Rp7925.00 | x |
| 2020-12-31 | Rp0.06 | Rp7925.00 | x |
| 2021-12-31 | Rp0.05 | Rp7925.00 | x |
| 2022-12-31 | Rp0.09 | Rp7925.00 | x |
| 2023-12-31 | Rp0.11 | Rp7925.00 | x |
| 2024-12-31 | Rp0.11 | Rp7925.00 | x |
| 2025-12-31 | Rp0.12 | Rp7925.00 | 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): 36.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.70%
- • Asset Turnover: 1.99x
- • Equity Multiplier: 1.70x
- Recent ROE (36.29%) is below the historical average (36.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 5.82% | 3.32% | 0.84x | 2.10x | Rp-2.42 Million |
| 2011 | 10.05% | 9.95% | 0.86x | 1.17x | Rp141.40K |
| 2012 | 6.14% | 4.49% | 1.15x | 1.19x | Rp-11.57 Million |
| 2013 | 5.71% | 3.82% | 1.10x | 1.36x | Rp-10.41 Million |
| 2014 | 4.34% | 2.57% | 1.32x | 1.28x | Rp-13.97 Million |
| 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 |
| 2018 | 31.40% | 9.45% | 1.49x | 2.23x | Rp67.31 Million |
| 2019 | 18.38% | 5.91% | 1.42x | 2.19x | Rp29.82 Million |
| 2020 | 27.11% | 8.85% | 1.30x | 2.35x | Rp59.28 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 |
| 2025 | 36.29% | 10.70% | 1.99x | 1.70x | Rp184.78 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: $186,639,287,191
- Average return on equity (ROE) among peers: 10.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PT Golden Energy Mines Tbk (GEMS) | Rp708.94 Million | 5.82% | 0.69x | $2.73 Billion |
| Abm Investama Tbk (ABMM) | $161.75 Million | -23.33% | 4.11x | $475.91 Million |
| PT Alamtri Resources Indonesia Tbk (ADRO) | $3.35 Billion | 4.55% | 0.78x | $4.25 Billion |
| Akbar Indomakmur Stimec Tbk (AIMS) | $20.13 Billion | 6.64% | 3.04x | $5.80 Million |
| Atlas Resources Tbk (ARII) | $144.31 Million | -7.38% | 1.07x | $61.97 Million |
| Borneo Olah Sarana Sukses PT (BOSS) | $-71.64 Billion | 0.00% | 0.00x | $4.10 Million |
| Baramulti Suksessarana Tbk (BSSR) | $149.89 Million | 55.25% | 0.40x | $610.20 Million |
| Bumi Resources Tbk (BUMI) | $503.61 Million | 43.77% | 6.76x | $5.22 Billion |
| Bayan Resources Tbk (BYAN) | $340.62 Million | 25.14% | 1.74x | $22.27 Billion |
| Exploitasi Energi Indonesia (CNKO) | $1.91 Trillion | -31.22% | 1.71x | $397.57K |
| PT Petrindo Jaya Kreasi Tbk (CUAN) | $565.90 Million | 28.41% | 2.14x | $7.90 Billion |
About 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, New Zealand, Cambodia, Malaysia, Hongkong, and Vietnam. The company operates in two segments, Coal Trading and Coal Mining. It offers management consultancy; mining; and venture capital services, as well as develops a mine-mouth power plant. The company w… Read more