PT Temas Tbk (TMAS) - Net Assets

Latest as of September 2025: Rp3.02 Trillion IDR ≈ $176.84 Million USD

Based on the latest financial reports, PT Temas Tbk (TMAS) has net assets worth Rp3.02 Trillion IDR (≈ $176.84 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 (Rp5.16 Trillion ≈ $302.07 Million USD) and total liabilities (Rp2.14 Trillion ≈ $125.22 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. Also explore TMAS asset base for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp3.02 Trillion
% of Total Assets	58.54%
Annual Growth Rate	14.11%
5-Year Change	136.14%
10-Year Change	251.01%
Growth Volatility	24.94

PT Temas Tbk - Net Assets Trend (2003–2024)

This chart illustrates how PT Temas Tbk's net assets have evolved over time, based on quarterly financial data. Check PT Temas Tbk tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for PT Temas Tbk (2003–2024)

The table below shows the annual net assets of PT Temas Tbk from 2003 to 2024. For live valuation and market cap data, see market cap of PT Temas Tbk.

Year	Net Assets	Change
2024-12-31	Rp2.86 Trillion ≈ $167.56 Million	+10.71%
2023-12-31	Rp2.58 Trillion ≈ $151.36 Million	+16.06%
2022-12-31	Rp2.23 Trillion ≈ $130.41 Million	+44.32%
2021-12-31	Rp1.54 Trillion ≈ $90.36 Million	+27.34%
2020-12-31	Rp1.21 Trillion ≈ $70.96 Million	+2.35%
2019-12-31	Rp1.18 Trillion ≈ $69.33 Million	+10.64%
2018-12-31	Rp1.07 Trillion ≈ $62.66 Million	+4.54%
2017-12-31	Rp1.02 Trillion ≈ $59.94 Million	+2.84%
2016-12-31	Rp994.68 Billion ≈ $58.28 Million	+22.10%
2015-12-31	Rp814.67 Billion ≈ $47.74 Million	+53.16%
2014-12-31	Rp531.89 Billion ≈ $31.17 Million	+58.18%
2013-12-31	Rp336.25 Billion ≈ $19.70 Million	-3.63%
2012-12-31	Rp348.90 Billion ≈ $20.44 Million	+43.51%
2011-12-31	Rp243.13 Billion ≈ $14.25 Million	+10.84%
2010-12-31	Rp219.34 Billion ≈ $12.85 Million	-33.33%
2009-12-31	Rp329.00 Billion ≈ $19.28 Million	-33.48%
2008-12-31	Rp494.55 Billion ≈ $28.98 Million	+42.54%
2007-12-31	Rp346.95 Billion ≈ $20.33 Million	+8.50%
2006-12-31	Rp319.76 Billion ≈ $18.74 Million	-4.06%
2005-12-31	Rp333.31 Billion ≈ $19.53 Million	+49.50%
2004-12-31	Rp222.95 Billion ≈ $13.06 Million	+24.76%
2003-12-31	Rp178.70 Billion ≈ $10.47 Million	--

Equity Component Analysis

This analysis shows how different components contribute to PT Temas 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 5389.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Rp2.53 Trillion	92.33%
Common Stock	Rp142.63 Billion	5.20%
Other Comprehensive Income	Rp-43.18 Billion	-1.57%
Other Components	Rp110.94 Billion	4.04%
Total Equity	Rp2.74 Trillion	100.00%

PT Temas Tbk Competitors by Market Cap

The table below lists competitors of PT Temas Tbk ranked by their market capitalization.

Company	Market Cap
Beijing Haohan Data Technology Co. Ltd. A SHG:688292	$409.90 Million
MCBC Holdings Inc NASDAQ:MCFT	$409.93 Million
Sichuan Fulin Transportation Group Co Ltd SHE:002357	$410.11 Million
Shanghai Model Organisms Center Inc SHG:688265	$410.14 Million
Tokmanni Group Oyj HE:TOKMAN	$409.78 Million
Liuzhou Liangmianzhen Co Ltd SHG:600249	$409.65 Million
Kehua Holdings Co Ltd Class A SHG:603161	$409.65 Million
Blue Label Telecoms Ltd JSE:BLU	$409.64 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in PT Temas Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,510,928,000,000 to 2,743,130,000,000, a change of 232,202,000,000 (9.2%).
Net income of 673,363,000,000 contributed positively to equity growth.
Dividend payments of 454,951,000,000 reduced retained earnings.
Share repurchases of 49,005,000,000 reduced equity.
New share issuances of 49,005,000,000 increased equity.
Other comprehensive income increased equity by 13,790,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rp673.36 Billion	+24.55%
Dividends Paid	Rp454.95 Billion	-16.59%
Share Repurchases	Rp49.01 Billion	-1.79%
Share Issuances	Rp49.01 Billion	+1.79%
Other Comprehensive Income	Rp13.79 Billion	+0.5%
Total Change	Rp-	9.25%

Book Value vs Market Value Analysis

This analysis compares PT Temas 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: 2.55x
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 20.23x to 2.55x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	Rp6.08	Rp123.00	x
2008-12-31	Rp8.67	Rp123.00	x
2009-12-31	Rp5.77	Rp123.00	x
2010-12-31	Rp3.84	Rp123.00	x
2011-12-31	Rp4.26	Rp123.00	x
2012-12-31	Rp6.11	Rp123.00	x
2013-12-31	Rp5.88	Rp123.00	x
2014-12-31	Rp9.30	Rp123.00	x
2015-12-31	Rp14.26	Rp123.00	x
2016-12-31	Rp17.41	Rp123.00	x
2017-12-31	Rp17.91	Rp123.00	x
2018-12-31	Rp18.72	Rp123.00	x
2019-12-31	Rp20.47	Rp123.00	x
2020-12-31	Rp21.15	Rp123.00	x
2021-12-31	Rp26.92	Rp123.00	x
2022-12-31	Rp38.27	Rp123.00	x
2023-12-31	Rp44.20	Rp123.00	x
2024-12-31	Rp48.24	Rp123.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently PT Temas 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): 24.55%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.50%
• Asset Turnover: 0.99x
• Equity Multiplier: 1.61x
Recent ROE (24.55%) is above the historical average (16.97%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	18.46%	18.38%	0.65x	1.55x	Rp15.11 Billion
2004	24.22%	14.76%	0.88x	1.87x	Rp31.67 Billion
2005	37.96%	20.21%	0.93x	2.01x	Rp93.15 Billion
2006	7.96%	3.36%	0.92x	2.59x	Rp-6.53 Billion
2007	8.10%	3.36%	0.84x	2.87x	Rp-6.60 Billion
2008	31.39%	13.25%	0.91x	2.61x	Rp105.75 Billion
2009	-54.41%	-18.11%	0.61x	4.89x	Rp-211.84 Billion
2010	-52.20%	-11.83%	0.75x	5.87x	Rp-136.39 Billion
2011	10.94%	2.78%	0.96x	4.11x	Rp2.29 Billion
2012	34.35%	11.02%	0.71x	4.40x	Rp84.86 Billion
2013	21.00%	5.09%	0.83x	4.98x	Rp36.89 Billion
2014	38.20%	12.01%	1.04x	3.07x	Rp149.63 Billion
2015	38.96%	19.55%	0.91x	2.19x	Rp235.62 Billion
2016	23.29%	13.84%	0.66x	2.54x	Rp131.97 Billion
2017	5.19%	2.65%	0.69x	2.86x	Rp-49.14 Billion
2018	3.23%	1.49%	0.82x	2.66x	Rp-72.32 Billion
2019	7.96%	3.70%	0.77x	2.80x	Rp-23.81 Billion
2020	5.20%	2.35%	0.70x	3.18x	Rp-57.86 Billion
2021	45.30%	20.64%	0.83x	2.64x	Rp542.13 Billion
2022	62.51%	27.98%	1.11x	2.02x	Rp1.15 Trillion
2023	31.17%	18.18%	1.06x	1.62x	Rp531.52 Billion
2024	24.55%	15.50%	0.99x	1.61x	Rp399.05 Billion

Industry Comparison

This section compares PT Temas Tbk's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

Industry: Marine Shipping
Average net assets among peers: $217,401,201,404
Average return on equity (ROE) among peers: 26.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PT Temas Tbk (TMAS)	Rp3.02 Trillion	18.46%	0.71x	$409.87 Million
Pelayaran Nasional Bina Buana Raya (BBRM)	$76.94 Million	-35.94%	1.03x	$24.74 Million
Batulicin Nusantara Maritim Tbk PT (BESS)	$316.90 Billion	16.16%	0.96x	$180.43 Million
Berlian Laju Tanker Tbk PT (BLTA)	$36.81 Million	508.60%	1.75x	$45.35 Million
Bintang Samudera Mandiri Lines Tbk PT (BSML)	$31.16 Billion	34.64%	5.51x	$55.83 Million
Buana Listya Tama Tbk PT (BULL)	$807.05 Billion	0.00%	0.28x	$423.09 Million
Capitol Nusantara Indonesia (CANI)	$35.37 Billion	-297.85%	24.77x	$6.59 Million
GTS Internasional Tbk PT (GTSI)	$37.92 Million	17.81%	0.89x	$159.43 Million
Habco Trans Maritima (HATM)	$971.04 Billion	14.58%	0.41x	$272.11 Million
Humpuss Intermoda Transportasi (HITS)	$18.92 Million	7.42%	6.10x	$48.27 Million
Tanah Laut Tbk (INDX)	$12.32 Billion	0.00%	0.05x	$1.54 Million

About PT Temas Tbk

JK:TMAS Indonesia Marine Shipping

Market Cap

$409.87 Million

Rp6.99 Trillion IDR

Market Cap Rank

#13267 Global

#159 in Indonesia

Share Price

Rp123.00

Change (1 day)

+0.82%

52-Week Range

Rp111.00 - Rp187.00

All Time High

Rp308.19