Trans Power Marine Tbk (TPMA) - Net Assets
Based on the latest financial reports, Trans Power Marine Tbk (TPMA) has net assets worth Rp2.43 Trillion IDR (≈ $142.28 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 (Rp4.51 Trillion ≈ $264.42 Million USD) and total liabilities (Rp2.08 Trillion ≈ $122.15 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 Trans Power Marine Tbk (TPMA) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp2.43 Trillion |
| % of Total Assets | 53.81% |
| Annual Growth Rate | 19.72% |
| 5-Year Change | 93.49% |
| 10-Year Change | 130.19% |
| Growth Volatility | 24.35 |
Trans Power Marine Tbk - Net Assets Trend (2009–2024)
This chart illustrates how Trans Power Marine Tbk's net assets have evolved over time, based on quarterly financial data. See TPMA defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Trans Power Marine Tbk (2009–2024)
The table below shows the annual net assets of Trans Power Marine Tbk from 2009 to 2024. For live valuation and market cap data, see Trans Power Marine Tbk market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp149.00 Million ≈ $8.73K |
+61.03% |
| 2023-12-31 | Rp92.52 Million ≈ $5.42K |
+4.16% |
| 2022-12-31 | Rp88.83 Million ≈ $5.21K |
+15.27% |
| 2021-12-31 | Rp77.07 Million ≈ $4.52K |
+0.08% |
| 2020-12-31 | Rp77.00 Million ≈ $4.51K |
-2.60% |
| 2019-12-31 | Rp79.06 Million ≈ $4.63K |
+4.53% |
| 2018-12-31 | Rp75.63 Million ≈ $4.43K |
+7.74% |
| 2017-12-31 | Rp70.20 Million ≈ $4.11K |
+5.98% |
| 2016-12-31 | Rp66.24 Million ≈ $3.88K |
+2.33% |
| 2015-12-31 | Rp64.73 Million ≈ $3.79K |
+3.24% |
| 2014-12-31 | Rp62.70 Million ≈ $3.67K |
+18.32% |
| 2013-12-31 | Rp52.99 Million ≈ $3.10K |
+47.27% |
| 2012-12-31 | Rp35.98 Million ≈ $2.11K |
+60.14% |
| 2011-12-31 | Rp22.47 Million ≈ $1.32K |
+68.79% |
| 2010-12-31 | Rp13.31 Million ≈ $779.97 |
+32.84% |
| 2009-12-31 | Rp10.02 Million ≈ $587.13 |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Trans Power Marine 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 7702784800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp77.03 Million | 58.84% |
| Common Stock | Rp33.69 Million | 25.73% |
| Other Comprehensive Income | Rp-740.50K | -0.57% |
| Other Components | Rp20.93 Million | 15.99% |
| Total Equity | Rp130.90 Million | 100.00% |
Trans Power Marine Tbk Competitors by Market Cap
The table below lists competitors of Trans Power Marine Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anfield Energy Inc.
NASDAQ:AEC
|
$88.92 Million |
|
Casino Guichard Perrachon SA
PA:CO
|
$88.95 Million |
|
DENARIUS METALS CORP.
F:T7C0
|
$88.95 Million |
|
Korea Computer & Systems Inc
KQ:115500
|
$89.05 Million |
|
Bak Ambalaj Sanayi ve Ticaret AS
IS:BAKAB
|
$88.86 Million |
|
First US Bancshares Inc
NASDAQ:FUSB
|
$88.80 Million |
|
Engtex Group Bhd
KLSE:5056
|
$88.74 Million |
|
Ecos India Mobility & Hospitality Ltd
NSE:ECOSMOBLTY
|
$88.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trans Power Marine Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,524,052 to 130,903,720, a change of 38,379,668 (41.5%).
- Net income of 25,206,759 contributed positively to equity growth.
- Dividend payments of 7,405,938 reduced retained earnings.
- Share repurchases of 24,918,810 reduced equity.
- New share issuances of 24,918,812 increased equity.
- Other comprehensive income decreased equity by 740,495.
- Other factors increased equity by 21,319,340.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp25.21 Million | +19.26% |
| Dividends Paid | Rp7.41 Million | -5.66% |
| Share Repurchases | Rp24.92 Million | -19.04% |
| Share Issuances | Rp24.92 Million | +19.04% |
| Other Comprehensive Income | Rp-740.50K | -0.57% |
| Other Changes | Rp21.32 Million | +16.29% |
| Total Change | Rp- | 41.48% |
Book Value vs Market Value Analysis
This analysis compares Trans Power Marine 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: 11592.28x
- 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 23563.63x to 11592.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Rp0.02 | Rp434.00 | x |
| 2013-12-31 | Rp0.02 | Rp434.00 | x |
| 2014-12-31 | Rp0.02 | Rp434.00 | x |
| 2015-12-31 | Rp0.02 | Rp434.00 | x |
| 2016-12-31 | Rp0.03 | Rp434.00 | x |
| 2017-12-31 | Rp0.03 | Rp434.00 | x |
| 2018-12-31 | Rp0.03 | Rp434.00 | x |
| 2019-12-31 | Rp0.03 | Rp434.00 | x |
| 2020-12-31 | Rp0.03 | Rp434.00 | x |
| 2021-12-31 | Rp0.03 | Rp434.00 | x |
| 2022-12-31 | Rp0.03 | Rp434.00 | x |
| 2023-12-31 | Rp0.04 | Rp434.00 | x |
| 2024-12-31 | Rp0.04 | Rp434.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trans Power Marine 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): 19.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.17%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.89x
- Recent ROE (19.26%) is above the historical average (11.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 23.23% | 16.81% | 0.63x | 2.19x | Rp4.76 Million |
| 2013 | 15.13% | 13.62% | 0.45x | 2.44x | Rp2.72 Million |
| 2014 | 19.15% | 16.54% | 0.53x | 2.17x | Rp5.73 Million |
| 2015 | 3.02% | 3.88% | 0.38x | 2.03x | Rp-4.52 Million |
| 2016 | 2.27% | 4.54% | 0.27x | 1.83x | Rp-5.12 Million |
| 2017 | 6.98% | 13.00% | 0.33x | 1.64x | Rp-2.12 Million |
| 2018 | 10.08% | 17.38% | 0.39x | 1.47x | Rp62.05K |
| 2019 | 10.42% | 17.28% | 0.43x | 1.41x | Rp333.37K |
| 2020 | 2.71% | 5.24% | 0.38x | 1.35x | Rp-5.62 Million |
| 2021 | 5.14% | 9.42% | 0.42x | 1.29x | Rp-3.75 Million |
| 2022 | 16.09% | 22.76% | 0.58x | 1.21x | Rp5.41 Million |
| 2023 | 21.29% | 29.58% | 0.57x | 1.27x | Rp10.44 Million |
| 2024 | 19.26% | 21.17% | 0.48x | 1.89x | Rp12.12 Million |
Industry Comparison
This section compares Trans Power Marine Tbk's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $33,493,696,044
- Average return on equity (ROE) among peers: 9.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trans Power Marine Tbk (TPMA) | Rp2.43 Trillion | 23.23% | 0.86x | $88.92 Million |
| Pelayaran Nasional Bina Buana Raya (BBRM) | $22.72 Million | -35.46% | 2.77x | $21.18 Million |
| Batulicin Nusantara Maritim Tbk PT (BESS) | $173.10 Billion | 65.16% | 1.14x | $196.56 Million |
| Berlian Laju Tanker Tbk PT (BLTA) | $32.07 Million | 18.38% | 1.19x | $49.47 Million |
| Bintang Samudera Mandiri Lines Tbk PT (BSML) | $123.54 Billion | 13.82% | 1.07x | $49.87 Million |
| Buana Listya Tama Tbk PT (BULL) | $282.99 Million | 7.42% | 0.95x | $346.82 Million |
| Capitol Nusantara Indonesia (CANI) | $-238.38 Billion | 0.00% | 0.00x | $7.03 Million |
| GTS Internasional Tbk PT (GTSI) | $61.63 Million | 6.47% | 0.75x | $129.77 Million |
| Habco Trans Maritima (HATM) | $279.94 Billion | -0.05% | 0.00x | $175.98 Million |
| Humpuss Intermoda Transportasi (HITS) | $53.35 Million | 22.57% | 2.70x | $48.27 Million |
| Tanah Laut Tbk (INDX) | $-3.72 Billion | 0.00% | 0.00x | $1.67 Million |
About Trans Power Marine Tbk
PT Trans Power Marine Tbk provides bulk cargo transportation and transshipment services primarily in Indonesia and Southeast Asia. The company operates through two segments: Transshipment and Inter-Island Transportation. It transports bulk commodities, such as iron sand, coal, wood pellets, gypsum, woodchips, clinker, nickel, sponge rotary kiln, etc. As of December 31, 2024, the company operated … Read more