Timah Persero Tbk (TINS) - Net Assets

Latest as of March 2026: Rp9.96 Trillion IDR ≈ $583.49 Million USD

Based on the latest financial reports, Timah Persero Tbk (TINS) has net assets worth Rp9.96 Trillion IDR (≈ $583.49 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp15.23 Trillion ≈ $892.37 Million USD) and total liabilities (Rp5.27 Trillion ≈ $308.88 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 tangible is Timah Persero Tbk's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp9.96 Trillion
% of Total Assets	65.39%
Annual Growth Rate	6.86%
5-Year Change	33.29%
10-Year Change	48.73%
Growth Volatility	21.72

Timah Persero Tbk - Net Assets Trend (2000–2025)

This chart illustrates how Timah Persero Tbk's net assets have evolved over time, based on quarterly financial data. See TINS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Timah Persero Tbk (2000–2025)

The table below shows the annual net assets of Timah Persero Tbk from 2000 to 2025. For live valuation and market cap data, see TINS market cap overview.

Year	Net Assets	Change
2025-12-31	Rp8.41 Trillion ≈ $492.72 Million	+12.87%
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	--

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 grown by 237.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Rp1.12 Trillion	13.32%
Common Stock	Rp372.39 Billion	4.43%
Other Comprehensive Income	Rp6.85 Trillion	81.49%
Other Components	Rp64.38 Billion	0.77%
Total Equity	Rp8.41 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
Alexander & Baldwin Holdings Inc NYSE:ALEX	$1.52 Billion
Gudeng Precision Industrial Co Ltd TWO:3680	$1.52 Billion
Chacha Food Co Ltd SHE:002557	$1.52 Billion
A.F.P. Habitat SN:HABITAT	$1.52 Billion
Acadia Healthcare Company Inc NASDAQ:ACHC	$1.52 Billion
Sanyang Motor Co Ltd TW:2206	$1.52 Billion
Vinati Organics Limited NSE:VINATIORGA	$1.52 Billion
EFORT Intelligent Equipment Co Ltd SHG:688165	$1.52 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 2024 to 2025, total equity changed from 7,449,636,000,000 to 8,408,384,000,000, a change of 958,748,000,000 (12.9%).
Net income of 1,313,630,000,000 contributed positively to equity growth.
Dividend payments of 474,597,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 365,933,000,000.
Other factors increased equity by 485,648,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rp1.31 Trillion	+15.62%
Dividends Paid	Rp474.60 Billion	-5.64%
Other Comprehensive Income	Rp-365.93 Billion	-4.35%
Other Changes	Rp485.65 Billion	+5.78%
Total Change	Rp-	12.87%

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: 3.08x
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 16.90x to 3.08x 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	Rp3480.00	x
2006-12-31	Rp225.12	Rp3480.00	x
2007-12-31	Rp451.01	Rp3480.00	x
2008-12-31	Rp512.98	Rp3480.00	x
2009-12-31	Rp460.55	Rp3480.00	x
2010-12-31	Rp564.30	Rp3480.00	x
2011-12-31	Rp617.29	Rp3480.00	x
2012-12-31	Rp611.98	Rp3480.00	x
2013-12-31	Rp656.84	Rp3480.00	x
2014-12-31	Rp753.00	Rp3480.00	x
2015-12-31	Rp721.16	Rp3480.00	x
2016-12-31	Rp759.08	Rp3480.00	x
2017-12-31	Rp813.84	Rp3480.00	x
2018-12-31	Rp875.66	Rp3480.00	x
2019-12-31	Rp706.01	Rp3480.00	x
2020-12-31	Rp663.29	Rp3480.00	x
2021-12-31	Rp847.00	Rp3480.00	x
2022-12-31	Rp945.47	Rp3480.00	x
2023-12-31	Rp838.11	Rp3480.00	x
2024-12-31	Rp1000.25	Rp3480.00	x
2025-12-31	Rp1128.98	Rp3480.00	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): 15.62%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.37%
• Asset Turnover: 0.85x
• Equity Multiplier: 1.62x
Recent ROE (15.62%) is above the historical average (11.37%), 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
2025	15.62%	11.37%	0.85x	1.62x	Rp472.79 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: $1,146,115,137,291
Average return on equity (ROE) among peers: 1.98%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Timah Persero Tbk (TINS)	Rp9.96 Trillion	20.70%	0.53x	$1.52 Billion
Bumi Resources Minerals Tbk (BRMS)	$1.04 Trillion	0.00%	10.37x	$988.88 Million
Cita Mineral Investindo Tbk PT (CITA)	$7.72 Billion	0.00%	4.00x	$714.75 Million
Central Omega Resources Tbk PT (DKFT)	$1.21 Trillion	-6.47%	0.55x	$229.38 Million
Ifishdeco PT (IFSH)	$224.78 Billion	5.99%	1.20x	$132.97 Million
Vale Indonesia Tbk (INCO)	$1.71 Billion	2.25%	0.33x	$3.13 Billion
Sumber Energi Andalan Tbk PT (ITMA)	$159.96 Million	7.75%	0.00x	$90.45 Million
Merdeka Copper Gold PT (MDKA)	$563.65 Million	5.13%	0.65x	$3.92 Billion
PT Trimegah Bangun Persada Tbk (NCKL)	$8.48 Trillion	0.95%	1.39x	$3.34 Billion
PAM Mineral Tbk PT (NICL)	$-62.80 Billion	0.00%	0.00x	$392.58 Million
Petrosea Tbk (PTRO)	$559.47 Billion	4.18%	0.24x	$2.63 Billion

About Timah Persero Tbk

JK:TINS Indonesia Other Industrial Metals & Mining

Market Cap

$1.52 Billion

Rp25.92 Trillion IDR

Market Cap Rank

#7327 Global

#63 in Indonesia

Share Price

Rp3480.00

Change (1 day)

+5.45%

52-Week Range

Rp980.00 - Rp4600.00

All Time High

Rp4600.00