Tower Bersama Infrastructure Tbk PT
PT Tower Bersama Infrastructure Tbk, together with its subsidiaries, engages in central telecommunications construction, telecommunications installations, and telecommunications activities with cables. The company operates through Tower, Repeater, Building, and Fiber Optic segments. It engages in central construction of communication; wholesale trade in telecommunications equipment; residential a… Read more
Tower Bersama Infrastructure Tbk PT (TBIG) - Net Assets
Latest net assets as of September 2025: Rp10.70 Trillion IDR
Based on the latest financial reports, Tower Bersama Infrastructure Tbk PT (TBIG) has net assets worth Rp10.70 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 (Rp44.72 Trillion) and total liabilities (Rp34.02 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 | Rp10.70 Trillion |
| % of Total Assets | 23.93% |
| Annual Growth Rate | 33.6% |
| 5-Year Change | 13.56% |
| 10-Year Change | 564.17% |
| Growth Volatility | 90.0 |
Tower Bersama Infrastructure Tbk PT - Net Assets Trend (2007–2024)
This chart illustrates how Tower Bersama Infrastructure Tbk PT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tower Bersama Infrastructure Tbk PT (2007–2024)
The table below shows the annual net assets of Tower Bersama Infrastructure Tbk PT from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp10.57 Trillion | -14.53% |
| 2023-12-31 | Rp12.36 Trillion | +13.19% |
| 2022-12-31 | Rp10.92 Trillion | +11.55% |
| 2021-12-31 | Rp9.79 Trillion | +5.22% |
| 2020-12-31 | Rp9.30 Trillion | +68.45% |
| 2019-12-31 | Rp5.52 Trillion | +50.11% |
| 2018-12-31 | Rp3.68 Trillion | +15.53% |
| 2017-12-31 | Rp3.19 Trillion | +96.11% |
| 2016-12-31 | Rp1.62 Trillion | +2.10% |
| 2015-12-31 | Rp1.59 Trillion | -61.49% |
| 2014-12-31 | Rp4.13 Trillion | +0.41% |
| 2013-12-31 | Rp4.11 Trillion | -3.09% |
| 2012-12-31 | Rp4.25 Trillion | +56.93% |
| 2011-12-31 | Rp2.71 Trillion | +16.68% |
| 2010-12-31 | Rp2.32 Trillion | +327.90% |
| 2009-12-31 | Rp541.84 Billion | +173.14% |
| 2008-12-31 | Rp198.38 Billion | +158.43% |
| 2007-12-31 | Rp76.76 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tower Bersama Infrastructure 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 535281500000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp5.35 Trillion | 54.08% |
| Common Stock | Rp453.14 Billion | 4.58% |
| Other Comprehensive Income | Rp3.04 Trillion | 30.67% |
| Other Components | Rp1.06 Trillion | 10.67% |
| Total Equity | Rp9.90 Trillion | 100.00% |
Tower Bersama Infrastructure Tbk PT Competitors by Market Cap
The table below lists competitors of Tower Bersama Infrastructure Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CITIC RES.HLDGS HD -05
F:CZR
|
$150.79 Million |
|
Yubico AB
ST:YUBICO
|
$150.95 Million |
|
MN Holdings Berhad
KLSE:0245
|
$150.95 Million |
|
Endava plc
F:2Y5
|
$150.99 Million |
|
Dongwon F & B
KO:049770
|
$150.68 Million |
|
Shenzhen Huijie Group Co Ltd
SHE:002763
|
$150.66 Million |
|
Gesher Acquisition Corp. II
NASDAQ:GSHR
|
$150.61 Million |
|
Greene County Bancorp Inc
NASDAQ:GCBC
|
$150.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tower Bersama Infrastructure Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,714,094,000,000 to 9,897,621,000,000, a change of -1,816,473,000,000 (-15.5%).
- Net income of 1,361,624,000,000 contributed positively to equity growth.
- Dividend payments of 1,243,682,000,000 reduced retained earnings.
- Share repurchases of 511,047,000,000 reduced equity.
- Other comprehensive income decreased equity by 1,677,254,000,000.
- Other factors increased equity by 253,886,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.36 Trillion | +13.76% |
| Dividends Paid | Rp1.24 Trillion | -12.57% |
| Share Repurchases | Rp511.05 Billion | -5.16% |
| Other Comprehensive Income | Rp-1.68 Trillion | -16.95% |
| Other Changes | Rp253.89 Billion | +2.57% |
| Total Change | Rp- | -15.51% |
Book Value vs Market Value Analysis
This analysis compares Tower Bersama Infrastructure 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: 3.46x
- 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 13.82x to 3.46x 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 | Rp109.96 | Rp1520.00 | x |
| 2011-12-31 | Rp110.26 | Rp1520.00 | x |
| 2012-12-31 | Rp171.57 | Rp1520.00 | x |
| 2013-12-31 | Rp166.29 | Rp1520.00 | x |
| 2014-12-31 | Rp168.16 | Rp1520.00 | x |
| 2015-12-31 | Rp65.21 | Rp1520.00 | x |
| 2016-12-31 | Rp68.85 | Rp1520.00 | x |
| 2017-12-31 | Rp138.86 | Rp1520.00 | x |
| 2018-12-31 | Rp154.83 | Rp1520.00 | x |
| 2019-12-31 | Rp239.22 | Rp1520.00 | x |
| 2020-12-31 | Rp417.52 | Rp1520.00 | x |
| 2021-12-31 | Rp444.51 | Rp1520.00 | x |
| 2022-12-31 | Rp463.24 | Rp1520.00 | x |
| 2023-12-31 | Rp518.88 | Rp1520.00 | x |
| 2024-12-31 | Rp438.89 | Rp1520.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tower Bersama Infrastructure 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): 13.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.83%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 4.78x
- Recent ROE (13.76%) is below the historical average (32.77%), 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 | 45.85% | 70.50% | 0.18x | 3.55x | Rp188.17 Billion |
| 2010 | 15.24% | 48.67% | 0.13x | 2.41x | Rp112.30 Billion |
| 2011 | 18.88% | 48.90% | 0.14x | 2.74x | Rp223.15 Billion |
| 2012 | 21.08% | 49.08% | 0.12x | 3.58x | Rp442.48 Billion |
| 2013 | 31.29% | 46.39% | 0.14x | 4.69x | Rp849.18 Billion |
| 2014 | 32.69% | 39.36% | 0.15x | 5.54x | Rp903.42 Billion |
| 2015 | 93.46% | 41.80% | 0.15x | 14.90x | Rp1.28 Trillion |
| 2016 | 82.94% | 34.77% | 0.16x | 15.18x | Rp1.13 Trillion |
| 2017 | 75.01% | 57.58% | 0.16x | 8.29x | Rp2.01 Trillion |
| 2018 | 20.19% | 15.76% | 0.15x | 8.64x | Rp343.51 Billion |
| 2019 | 16.41% | 17.44% | 0.15x | 6.18x | Rp320.10 Billion |
| 2020 | 11.59% | 18.95% | 0.15x | 4.19x | Rp138.66 Billion |
| 2021 | 16.70% | 25.07% | 0.15x | 4.52x | Rp621.70 Billion |
| 2022 | 15.85% | 25.10% | 0.15x | 4.18x | Rp604.64 Billion |
| 2023 | 13.32% | 23.50% | 0.14x | 4.01x | Rp388.90 Billion |
| 2024 | 13.76% | 19.83% | 0.15x | 4.78x | Rp371.86 Billion |
Industry Comparison
This section compares Tower Bersama Infrastructure Tbk PT's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $3,722,985,080,140
- Average return on equity (ROE) among peers: 14.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tower Bersama Infrastructure Tbk PT (TBIG) | Rp10.70 Trillion | 45.85% | 3.18x | $150.74 Million |
| Bali Towerindo Sentra Tbk (BALI) | $2.44 Trillion | 8.68% | 1.13x | $123.29 Million |
| Centratama Telekomunikasi Ind (CENT) | $60.55 Billion | 14.20% | 0.12x | $15.42 Million |
| Pelita Teknologi Global (CHIP) | $6.50 Billion | 77.84% | 4.39x | $14.15 Million |
| Remala Abadi Tbk. (DATA) | $91.58 Billion | 28.54% | 0.61x | $2.21K |
| Indoritel Makmur Internasional (DNET) | $12.84 Billion | 5.41% | 0.33x | $1.17 Billion |
| XL Axiata Tbk PT (EXCL) | $21.63 Trillion | 1.73% | 1.60x | $855.71 Million |
| Smartfren Telecom Tbk (FREN) | $12.74 Trillion | -17.18% | 1.17x | $1.43 Million |
| Gihon Telekomunikasi Indonesia Tbk PT (GHON) | $149.49 Billion | 24.54% | 1.83x | $8.10 Million |
| Inti Bangun Sejahtera Tbk (IBST) | $33.63 Billion | 0.00% | 7.14x | $178.96K |
| PT Sinergi Inti Andalan Prima Tbk (INET) | $65.20 Billion | 2.11% | 0.12x | $58.63 Million |