Timah Persero Tbk (TINS) - Net Assets
Based on the latest financial reports, Timah Persero Tbk (TINS) has net assets worth Rp7.61 Trillion IDR (≈ $446.20 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp13.70 Trillion ≈ $802.56 Million USD) and total liabilities (Rp6.08 Trillion ≈ $356.36 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 how resilient are Timah Persero Tbk's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp7.61 Trillion |
| % of Total Assets | 55.6% |
| Annual Growth Rate | 6.61% |
| 5-Year Change | 50.81% |
| 10-Year Change | 38.71% |
| Growth Volatility | 22.14 |
Timah Persero Tbk - Net Assets Trend (2000–2024)
This chart illustrates how Timah Persero Tbk's net assets have evolved over time, based on quarterly financial data. Also explore TINS total asset value for the complete picture of this company's asset base.
Annual Net Assets for Timah Persero Tbk (2000–2024)
The table below shows the annual net assets of Timah Persero Tbk from 2000 to 2024. For live valuation and market cap data, see TINS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp7.45 Trillion ≈ $436.54 Million |
+19.35% |
| 2023-12-31 | Rp6.24 Trillion ≈ $365.78 Million |
-11.35% |
| 2022-12-31 | Rp7.04 Trillion ≈ $412.63 Million |
+11.63% |
| 2021-12-31 | Rp6.31 Trillion ≈ $369.65 Million |
+27.70% |
| 2020-12-31 | Rp4.94 Trillion ≈ $289.47 Million |
-6.05% |
| 2019-12-31 | Rp5.26 Trillion ≈ $308.12 Million |
-19.37% |
| 2018-12-31 | Rp6.52 Trillion ≈ $382.16 Million |
+7.60% |
| 2017-12-31 | Rp6.06 Trillion ≈ $355.18 Million |
+7.21% |
| 2016-12-31 | Rp5.65 Trillion ≈ $331.28 Million |
+5.26% |
| 2015-12-31 | Rp5.37 Trillion ≈ $314.72 Million |
-4.23% |
| 2014-12-31 | Rp5.61 Trillion ≈ $328.62 Million |
+14.64% |
| 2013-12-31 | Rp4.89 Trillion ≈ $286.66 Million |
+7.33% |
| 2012-12-31 | Rp4.56 Trillion ≈ $267.09 Million |
-0.86% |
| 2011-12-31 | Rp4.60 Trillion ≈ $269.41 Million |
+9.39% |
| 2010-12-31 | Rp4.20 Trillion ≈ $246.28 Million |
+22.53% |
| 2009-12-31 | Rp3.43 Trillion ≈ $201.00 Million |
-10.22% |
| 2008-12-31 | Rp3.82 Trillion ≈ $223.89 Million |
+13.74% |
| 2007-12-31 | Rp3.36 Trillion ≈ $196.84 Million |
+100.33% |
| 2006-12-31 | Rp1.68 Trillion ≈ $98.26 Million |
+9.29% |
| 2005-12-31 | Rp1.53 Trillion ≈ $89.90 Million |
+1.66% |
| 2004-12-31 | Rp1.51 Trillion ≈ $88.44 Million |
+8.35% |
| 2003-12-31 | Rp1.39 Trillion ≈ $81.62 Million |
-6.40% |
| 2002-12-31 | Rp1.49 Trillion ≈ $87.21 Million |
-0.31% |
| 2001-12-31 | Rp1.49 Trillion ≈ $87.47 Million |
-6.80% |
| 2000-12-31 | Rp1.60 Trillion ≈ $93.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Timah Persero 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 161.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rp372.39 Billion | 5.00% |
| Other Comprehensive Income | Rp7.22 Trillion | 96.89% |
| Other Components | Rp64.38 Billion | 0.86% |
| Total Equity | Rp7.45 Trillion | 100.00% |
Timah Persero Tbk Competitors by Market Cap
The table below lists competitors of Timah Persero Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Songyuan Automotive Safety
SHE:300893
|
$1.56 Billion |
|
Bonesupport Holding AB
ST:BONEX
|
$1.56 Billion |
|
Shanghai SMI Holding Co Ltd
SHG:600649
|
$1.56 Billion |
|
TKH Group NV
AS:TWEKA
|
$1.57 Billion |
|
Lihuayi Weiyuan Chemical Co Ltd
SHG:600955
|
$1.56 Billion |
|
Jaya Sukses Makmur Sentosa Tbk PT
JK:RISE
|
$1.56 Billion |
|
Beijing Urban Construction Investment & Development Co Ltd
SHG:600266
|
$1.56 Billion |
|
Zhejiang Jolly Pharmaceutical Co Ltd
SHE:300181
|
$1.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Timah Persero Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,242,057,000,000 to 7,449,636,000,000, a change of 1,207,579,000,000 (19.3%).
- Net income of 1,186,646,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 20,933,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.19 Trillion | +15.93% |
| Other Comprehensive Income | Rp20.93 Billion | +0.28% |
| Total Change | Rp- | 19.35% |
Book Value vs Market Value Analysis
This analysis compares Timah Persero 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: 3.58x
- 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 17.38x to 3.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Rp205.97 | Rp3580.00 | x |
| 2006-12-31 | Rp225.12 | Rp3580.00 | x |
| 2007-12-31 | Rp451.01 | Rp3580.00 | x |
| 2008-12-31 | Rp512.98 | Rp3580.00 | x |
| 2009-12-31 | Rp460.55 | Rp3580.00 | x |
| 2010-12-31 | Rp564.30 | Rp3580.00 | x |
| 2011-12-31 | Rp617.29 | Rp3580.00 | x |
| 2012-12-31 | Rp611.98 | Rp3580.00 | x |
| 2013-12-31 | Rp656.84 | Rp3580.00 | x |
| 2014-12-31 | Rp753.00 | Rp3580.00 | x |
| 2015-12-31 | Rp721.16 | Rp3580.00 | x |
| 2016-12-31 | Rp759.08 | Rp3580.00 | x |
| 2017-12-31 | Rp813.84 | Rp3580.00 | x |
| 2018-12-31 | Rp875.66 | Rp3580.00 | x |
| 2019-12-31 | Rp706.01 | Rp3580.00 | x |
| 2020-12-31 | Rp663.29 | Rp3580.00 | x |
| 2021-12-31 | Rp847.00 | Rp3580.00 | x |
| 2022-12-31 | Rp945.47 | Rp3580.00 | x |
| 2023-12-31 | Rp838.11 | Rp3580.00 | x |
| 2024-12-31 | Rp1000.25 | Rp3580.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Timah Persero 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): 15.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.93%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.72x
- Recent ROE (15.93%) is above the historical average (11.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 20.70% | 20.25% | 0.79x | 1.29x | Rp171.40 Billion |
| 2001 | 2.46% | 1.97% | 0.97x | 1.29x | Rp-112.51 Billion |
| 2002 | 0.76% | 0.71% | 0.81x | 1.30x | Rp-137.55 Billion |
| 2003 | 5.49% | 3.93% | 0.99x | 1.42x | Rp-62.86 Billion |
| 2004 | 11.79% | 6.33% | 1.16x | 1.60x | Rp26.98 Billion |
| 2005 | 7.01% | 3.17% | 1.24x | 1.79x | Rp-45.90 Billion |
| 2006 | 12.41% | 5.11% | 1.18x | 2.06x | Rp40.48 Billion |
| 2007 | 53.13% | 20.89% | 1.70x | 1.50x | Rp1.45 Trillion |
| 2008 | 35.13% | 14.83% | 1.56x | 1.51x | Rp960.29 Billion |
| 2009 | 9.15% | 4.07% | 1.59x | 1.42x | Rp-29.23 Billion |
| 2010 | 22.56% | 11.37% | 1.42x | 1.40x | Rp527.68 Billion |
| 2011 | 19.51% | 10.25% | 1.33x | 1.43x | Rp437.06 Billion |
| 2012 | 9.47% | 5.52% | 1.28x | 1.34x | Rp-24.21 Billion |
| 2013 | 10.53% | 8.80% | 0.74x | 1.61x | Rp25.88 Billion |
| 2014 | 11.38% | 8.65% | 0.76x | 1.74x | Rp77.15 Billion |
| 2015 | 1.89% | 1.48% | 0.74x | 1.73x | Rp-435.52 Billion |
| 2016 | 4.45% | 3.61% | 0.73x | 1.69x | Rp-313.52 Billion |
| 2017 | 8.29% | 5.45% | 0.78x | 1.96x | Rp-103.70 Billion |
| 2018 | 8.15% | 4.81% | 0.73x | 2.32x | Rp-120.81 Billion |
| 2019 | -11.58% | -3.15% | 0.95x | 3.87x | Rp-1.13 Trillion |
| 2020 | -6.81% | -2.21% | 1.05x | 2.94x | Rp-830.40 Billion |
| 2021 | 20.65% | 8.92% | 0.99x | 2.33x | Rp671.97 Billion |
| 2022 | 14.79% | 8.33% | 0.96x | 1.86x | Rp337.32 Billion |
| 2023 | -7.20% | -5.36% | 0.65x | 2.06x | Rp-1.07 Trillion |
| 2024 | 15.93% | 10.93% | 0.85x | 1.72x | Rp441.68 Billion |
Industry Comparison
This section compares Timah Persero Tbk's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $816,322,827,846
- Average return on equity (ROE) among peers: 10.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Timah Persero Tbk (TINS) | Rp7.61 Trillion | 20.70% | 0.80x | $1.56 Billion |
| Bumi Resources Minerals Tbk (BRMS) | $486.70 Million | 0.81% | 0.21x | $1.21 Billion |
| Cita Mineral Investindo Tbk PT (CITA) | $22.60 Billion | 2.18% | 4.59x | $867.91 Million |
| Central Omega Resources Tbk PT (DKFT) | $1.39 Trillion | 21.88% | 0.11x | $269.76 Million |
| Ifishdeco PT (IFSH) | $838.04 Billion | 9.98% | 0.20x | $264.82 Million |
| Vale Indonesia Tbk (INCO) | $1.83 Billion | 2.75% | 0.25x | $4.23 Billion |
| Sumber Energi Andalan Tbk PT (ITMA) | $8.69 Billion | 24.60% | 0.59x | $115.91 Million |
| Merdeka Copper Gold PT (MDKA) | $524.24 Million | 13.51% | 0.81x | $4.62 Billion |
| PT Trimegah Bangun Persada Tbk (NCKL) | $5.97 Trillion | 19.58% | 1.23x | $3.86 Billion |
| PAM Mineral Tbk PT (NICL) | $-62.80 Billion | 0.00% | 0.00x | $545.25 Million |
| Petrosea Tbk (PTRO) | $260.22 Million | 12.96% | 1.05x | $2.98 Billion |
About Timah Persero Tbk
PT TIMAH Tbk engages in tin mining and smelting operations in Indonesia and internationally. It operates through Tin Mining, Industry, Construction, Coal Mining, and Other segments. The company offers Banka, Mentok, and Kundur tin, as well as tin solder and chemical products; and non-tin products, such as coal, nickel, and quartz sand. It is also involved in the provision of workshop, constructio… Read more