TBS Energi Utama Tbk PT (TOBA) - Net Assets
Based on the latest financial reports, TBS Energi Utama Tbk PT (TOBA) has net assets worth Rp215.43 Million IDR (≈ $12.62K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp793.49 Million ≈ $46.50K USD) and total liabilities (Rp578.06 Million ≈ $33.87K 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 TBS Energi Utama Tbk PT's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp215.43 Million |
| % of Total Assets | 27.15% |
| Annual Growth Rate | -34.03% |
| 5-Year Change | -39.18% |
| 10-Year Change | 45.81% |
| Growth Volatility | 38.1 |
TBS Energi Utama Tbk PT - Net Assets Trend (2009–2025)
This chart illustrates how TBS Energi Utama Tbk PT's net assets have evolved over time, based on quarterly financial data. Also explore how large is TBS Energi Utama Tbk PT's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for TBS Energi Utama Tbk PT (2009–2025)
The table below shows the annual net assets of TBS Energi Utama Tbk PT from 2009 to 2025. For live valuation and market cap data, see TOBA stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp215.43 Million ≈ $12.62K |
-50.66% |
| 2024-12-31 | Rp436.66 Million ≈ $25.59K |
+3.06% |
| 2023-12-31 | Rp423.69 Million ≈ $24.83K |
-0.01% |
| 2022-12-31 | Rp423.71 Million ≈ $24.83K |
+19.62% |
| 2021-12-31 | Rp354.23 Million ≈ $20.76K |
+21.76% |
| 2020-12-31 | Rp290.91 Million ≈ $17.05K |
+10.14% |
| 2019-12-31 | Rp264.14 Million ≈ $15.48K |
+22.50% |
| 2018-12-31 | Rp215.62 Million ≈ $12.63K |
+23.36% |
| 2017-12-31 | Rp174.80 Million ≈ $10.24K |
+18.31% |
| 2016-12-31 | Rp147.74 Million ≈ $8.66K |
-4.75% |
| 2015-12-31 | Rp155.12 Million ≈ $9.09K |
+8.97% |
| 2014-12-31 | Rp142.35 Million ≈ $8.34K |
+9.10% |
| 2013-12-31 | Rp130.48 Million ≈ $7.65K |
+17.61% |
| 2012-12-31 | Rp110.94 Million ≈ $6.50K |
+87.65% |
| 2011-12-31 | Rp59.12 Million ≈ $3.46K |
+31.80% |
| 2010-12-31 | Rp44.86 Million ≈ $2.63K |
-99.97% |
| 2009-12-31 | Rp167.39 Billion ≈ $9.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TBS Energi Utama 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 144.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp17.02 Million | 8.76% |
| Common Stock | Rp44.75 Million | 23.04% |
| Other Comprehensive Income | Rp-4.62 Million | -2.38% |
| Other Components | Rp137.07 Million | 70.58% |
| Total Equity | Rp194.21 Million | 100.00% |
TBS Energi Utama Tbk PT Competitors by Market Cap
The table below lists competitors of TBS Energi Utama Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prakash Industries Limited
NSE:PRAKASH
|
$275.55 Million |
|
The Orissa Minerals Development Company Limited
NSE:ORISSAMINE
|
$275.62 Million |
|
Repco Home Finance Limited
NSE:REPCOHOME
|
$275.64 Million |
|
Shin Heung Energy & Electronics Co.Ltd
KQ:243840
|
$275.68 Million |
|
Media and Games Invest PLC
ST:M8G
|
$275.40 Million |
|
Cymechs Inc
KQ:160980
|
$275.40 Million |
|
First Community Corporation
NASDAQ:FCCO
|
$275.27 Million |
|
Anora Group Oyj
HE:ANORA
|
$275.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TBS Energi Utama Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 357,353,398 to 194,211,188, a change of -163,142,210 (-45.7%).
- Net loss of 160,275,967 reduced equity.
- Dividend payments of 9,236,573 reduced retained earnings.
- Other comprehensive income increased equity by 101,651,068.
- Other factors decreased equity by 95,280,738.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-160.28 Million | -82.53% |
| Dividends Paid | Rp9.24 Million | -4.76% |
| Other Comprehensive Income | Rp101.65 Million | +52.34% |
| Other Changes | Rp-95.28 Million | -49.06% |
| Total Change | Rp- | -45.65% |
Book Value vs Market Value Analysis
This analysis compares TBS Energi Utama 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: 24235.06x
- 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 increased from 10.69x to 24235.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | Rp53.35 | Rp570.00 | x |
| 2011-12-31 | Rp61.66 | Rp570.00 | x |
| 2012-12-31 | Rp0.02 | Rp570.00 | x |
| 2013-12-31 | Rp0.01 | Rp570.00 | x |
| 2014-12-31 | Rp0.01 | Rp570.00 | x |
| 2015-12-31 | Rp0.02 | Rp570.00 | x |
| 2016-12-31 | Rp0.01 | Rp570.00 | x |
| 2017-12-31 | Rp0.02 | Rp570.00 | x |
| 2018-12-31 | Rp0.02 | Rp570.00 | x |
| 2019-12-31 | Rp0.03 | Rp570.00 | x |
| 2020-12-31 | Rp0.03 | Rp570.00 | x |
| 2021-12-31 | Rp0.04 | Rp570.00 | x |
| 2022-12-31 | Rp0.04 | Rp570.00 | x |
| 2023-12-31 | Rp0.04 | Rp570.00 | x |
| 2024-12-31 | Rp0.04 | Rp570.00 | x |
| 2025-12-31 | Rp0.02 | Rp570.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TBS Energi Utama 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): -82.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -44.35%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 4.09x
- Recent ROE (-82.53%) is below the historical average (16.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 6.40% | 0.31% | 1.92x | 10.69x | Rp-480.71K |
| 2011 | 173.33% | 11.59% | 2.21x | 6.76x | Rp54.39 Million |
| 2012 | 3.74% | 0.81% | 1.52x | 3.06x | Rp-5.36 Million |
| 2013 | 17.77% | 4.40% | 1.35x | 2.99x | Rp8.11 Million |
| 2014 | 16.50% | 3.67% | 1.66x | 2.71x | Rp7.22 Million |
| 2015 | 9.34% | 3.26% | 1.23x | 2.32x | Rp-804.88K |
| 2016 | 2.33% | 1.08% | 0.99x | 2.18x | Rp-9.20 Million |
| 2017 | 14.75% | 6.90% | 0.89x | 2.40x | Rp6.90 Million |
| 2018 | 20.63% | 8.62% | 0.87x | 2.74x | Rp19.47 Million |
| 2019 | 20.84% | 8.32% | 0.83x | 3.02x | Rp22.76 Million |
| 2020 | 15.30% | 10.79% | 0.43x | 3.30x | Rp12.40 Million |
| 2021 | 16.88% | 10.39% | 0.54x | 3.01x | Rp19.59 Million |
| 2022 | 17.11% | 9.09% | 0.71x | 2.66x | Rp24.02 Million |
| 2023 | 2.41% | 1.58% | 0.53x | 2.89x | Rp-24.87 Million |
| 2024 | 7.97% | 6.39% | 0.50x | 2.50x | Rp-7.27 Million |
| 2025 | -82.53% | -44.35% | 0.46x | 4.09x | Rp-179.70 Million |
Industry Comparison
This section compares TBS Energi Utama Tbk PT's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $186,639,287,191
- Average return on equity (ROE) among peers: 10.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TBS Energi Utama Tbk PT (TOBA) | Rp215.43 Million | 6.40% | 2.68x | $275.53 Million |
| Abm Investama Tbk (ABMM) | $161.75 Million | -23.33% | 4.11x | $475.91 Million |
| PT Alamtri Resources Indonesia Tbk (ADRO) | $3.35 Billion | 4.55% | 0.78x | $4.25 Billion |
| Akbar Indomakmur Stimec Tbk (AIMS) | $20.13 Billion | 6.64% | 3.04x | $5.80 Million |
| Atlas Resources Tbk (ARII) | $144.31 Million | -7.38% | 1.07x | $61.97 Million |
| Borneo Olah Sarana Sukses PT (BOSS) | $-71.64 Billion | 0.00% | 0.00x | $4.10 Million |
| Baramulti Suksessarana Tbk (BSSR) | $149.89 Million | 55.25% | 0.40x | $610.20 Million |
| Bumi Resources Tbk (BUMI) | $503.61 Million | 43.77% | 6.76x | $5.22 Billion |
| Bayan Resources Tbk (BYAN) | $340.62 Million | 25.14% | 1.74x | $22.27 Billion |
| Exploitasi Energi Indonesia (CNKO) | $1.91 Trillion | -31.22% | 1.71x | $397.57K |
| PT Petrindo Jaya Kreasi Tbk (CUAN) | $565.90 Million | 28.41% | 2.14x | $7.90 Billion |
About TBS Energi Utama Tbk PT
PT TBS Energi Utama Tbk, through its subsidiaries, invests in the coal mining and trading, palm oil plantation, independent power producer, waste management, renewable energy, and wholesale and retail of vehicles in Indonesia and internationally. It provides consulting management; and hazardous, general, and electronic waste management services, as well as engages in the treatment and disposal of… Read more