PSAT
PT Pancaran Samudera Transport Tbk. operates in shipping/sea transportation sector. The company operates through shipping and shipyard segments. It offers shipping, vessel docking and repair, and shipbuilding services. The company was founded in 2007 and is headquartered in Jakarta, Indonesia. PT Pancaran Samudera Transport Tbk. is a subsidiary of PT Profitama Hasil Indah.
PSAT (PSAT) - Net Assets
Latest net assets as of September 2025: Rp1.31 Trillion IDR
Based on the latest financial reports, PSAT (PSAT) has net assets worth Rp1.31 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.68 Trillion) and total liabilities (Rp366.65 Billion). 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 | Rp1.31 Trillion |
| % of Total Assets | 78.13% |
| Annual Growth Rate | 4.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 17.73 |
PSAT - Net Assets Trend (2022–2024)
This chart illustrates how PSAT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PSAT (2022–2024)
The table below shows the annual net assets of PSAT from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp1.18 Trillion | -11.98% |
| 2023-12-31 | Rp1.34 Trillion | +23.49% |
| 2022-12-31 | Rp1.08 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PSAT'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 9.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp1.16 Trillion | 98.43% |
| Common Stock | Rp20.00 Billion | 1.70% |
| Total Equity | Rp1.18 Trillion | 100.00% |
PSAT Competitors by Market Cap
The table below lists competitors of PSAT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Union Bank
CM:UBCN0000
|
$551.86 |
|
Eastinco Mining & Exploration PLC
LSE:ATN
|
$551.97 |
|
SOUTH OCEAN HLDGS
BE:4S6
|
$553.29 |
|
Ashfaq Textile Mills Ltd
KAR:ASHT
|
$553.30 |
|
TMBThanachart Bank PCL
STU:NVPJ
|
$551.42 |
|
Ditix SA
WAR:DTX
|
$551.40 |
|
Eco Depot Inc
PINK:ECDP
|
$551.28 |
|
Power Cement Ltd
KAR:POWER
|
$551.27 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PSAT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,335,029,289,360 to 1,175,061,026,680, a change of -159,968,262,680 (-12.0%).
- Net income of 243,367,679,910 contributed positively to equity growth.
- Share repurchases of 250,000,000 reduced equity.
- Other factors decreased equity by 403,085,942,590.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp243.37 Billion | +20.71% |
| Share Repurchases | Rp250.00 Million | -0.02% |
| Other Changes | Rp-403.09 Billion | -34.3% |
| Total Change | Rp- | -11.98% |
Book Value vs Market Value Analysis
This analysis compares PSAT'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: 1.17x
- 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 1.27x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | Rp729.33 | Rp925.00 | x |
| 2023-12-31 | Rp900.61 | Rp925.00 | x |
| 2024-12-31 | Rp792.70 | Rp925.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PSAT 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): 20.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.83%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.28x
- Recent ROE (20.71%) is above the historical average (18.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 15.54% | 20.70% | 0.68x | 1.10x | Rp59.85 Billion |
| 2023 | 19.64% | 25.59% | 0.66x | 1.16x | Rp128.64 Billion |
| 2024 | 20.71% | 24.83% | 0.65x | 1.28x | Rp125.86 Billion |
Industry Comparison
This section compares PSAT's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $303,238,403,323
- Average return on equity (ROE) among peers: 20.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PSAT (PSAT) | Rp1.31 Trillion | 15.54% | 0.28x | $551.56 |
| PT Ancara Logistics Indonesia (ALII) | $196.24 Billion | 96.37% | 5.20x | $150.19 Million |
| Pelayaran Nasional Bina Buana Raya (BBRM) | $56.71 Million | 12.36% | 1.47x | $5.32 Million |
| Batulicin Nusantara Maritim Tbk PT (BESS) | $61.00 Billion | 38.10% | 2.15x | $42.15 Million |
| Berlian Laju Tanker Tbk PT (BLTA) | $533.72 Million | 26.42% | 3.24x | $47.22 Million |
| Bintang Samudera Mandiri Lines Tbk PT (BSML) | $108.60 Billion | 14.75% | 1.49x | $6.83 Million |
| Buana Listya Tama Tbk PT (BULL) | $1.04 Trillion | 0.00% | 0.57x | $8.08 Million |
| Capitol Nusantara Indonesia (CANI) | $-238.38 Billion | 0.00% | 0.00x | $1.34 Million |
| PT Cakra Buana Resources Energ (CBRE) | $-947.22 Million | 0.00% | 0.00x | $47.72 Million |
| PT Pelayaran Nasional Ekalya P (ELPI) | $1.87 Trillion | 8.34% | 0.26x | $98.43 Million |
| GTS Internasional Tbk PT (GTSI) | $56.96 Million | 4.67% | 1.17x | $31.86 Million |