Perintis Triniti Properti PT (TRIN) - Net Assets
Based on the latest financial reports, Perintis Triniti Properti PT (TRIN) has net assets worth Rp424.17 Billion IDR (≈ $24.85 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp2.24 Trillion ≈ $131.46 Million USD) and total liabilities (Rp1.82 Trillion ≈ $106.61 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 Perintis Triniti Properti PT's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp424.17 Billion |
| % of Total Assets | 18.91% |
| Annual Growth Rate | 7.9% |
| 5-Year Change | -40.74% |
| 10-Year Change | N/A |
| Growth Volatility | 30.07 |
Perintis Triniti Properti PT - Net Assets Trend (2016–2024)
This chart illustrates how Perintis Triniti Properti PT's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Perintis Triniti Properti PT for the complete picture of this company's asset base.
Annual Net Assets for Perintis Triniti Properti PT (2016–2024)
The table below shows the annual net assets of Perintis Triniti Properti PT from 2016 to 2024. For live valuation and market cap data, see Perintis Triniti Properti PT market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp418.78 Billion ≈ $24.54 Million |
-32.75% |
| 2023-12-31 | Rp622.77 Billion ≈ $36.49 Million |
-3.01% |
| 2022-12-31 | Rp642.07 Billion ≈ $37.62 Million |
-2.28% |
| 2021-12-31 | Rp657.03 Billion ≈ $38.50 Million |
-7.02% |
| 2020-12-31 | Rp706.65 Billion ≈ $41.41 Million |
+33.66% |
| 2019-12-31 | Rp528.70 Billion ≈ $30.98 Million |
+4.89% |
| 2018-12-31 | Rp504.05 Billion ≈ $29.54 Million |
+28.22% |
| 2017-12-31 | Rp393.12 Billion ≈ $23.04 Million |
+72.49% |
| 2016-12-31 | Rp227.90 Billion ≈ $13.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Perintis Triniti Properti 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 decreased by 213.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rp455.15 Billion | 88.88% |
| Other Comprehensive Income | Rp85.65 Billion | 16.73% |
| Other Components | Rp171.78 Billion | 33.55% |
| Total Equity | Rp512.07 Billion | 100.00% |
Perintis Triniti Properti PT Competitors by Market Cap
The table below lists competitors of Perintis Triniti Properti PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Exicom Tele-Systems Limited
NSE:EXICOM
|
$173.57 Million |
|
Goodbaby International Holdings Limited
F:GBH
|
$173.58 Million |
|
Anderson Industrial Corp
TW:1528
|
$173.61 Million |
|
NELCO Limited
NSE:NELCO
|
$173.67 Million |
|
PHA Co. Ltd
KQ:043370
|
$173.41 Million |
|
SPML Infra Limited
NSE:SPMLINFRA
|
$173.37 Million |
|
CVC Ltd
AU:CVC
|
$173.31 Million |
|
DongWon Development Co.Ltd
KQ:013120
|
$173.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Perintis Triniti Properti PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 649,463,852,000 to 512,068,584,000, a change of -137,395,268,000 (-21.2%).
- Net loss of 133,851,628,000 reduced equity.
- Share repurchases of 5,420,046,000 reduced equity.
- New share issuances of 5,420,046,000 increased equity.
- Other comprehensive income increased equity by 2,532,861,000.
- Other factors decreased equity by 6,076,501,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp-133.85 Billion | -26.14% |
| Share Repurchases | Rp5.42 Billion | -1.06% |
| Share Issuances | Rp5.42 Billion | +1.06% |
| Other Comprehensive Income | Rp2.53 Billion | +0.49% |
| Other Changes | Rp-6.08 Billion | -1.19% |
| Total Change | Rp- | -21.16% |
Book Value vs Market Value Analysis
This analysis compares Perintis Triniti Properti 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: 5.79x
- 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 13.48x to 5.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Rp50.45 | Rp680.00 | x |
| 2017-12-31 | Rp78.25 | Rp680.00 | x |
| 2018-12-31 | Rp105.70 | Rp680.00 | x |
| 2019-12-31 | Rp102.62 | Rp680.00 | x |
| 2020-12-31 | Rp158.31 | Rp680.00 | x |
| 2021-12-31 | Rp150.02 | Rp680.00 | x |
| 2022-12-31 | Rp144.93 | Rp680.00 | x |
| 2023-12-31 | Rp142.92 | Rp680.00 | x |
| 2024-12-31 | Rp117.54 | Rp680.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Perintis Triniti Properti 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): -26.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -61.79%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 4.34x
- Recent ROE (-26.14%) is below the historical average (5.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 27.53% | 21.52% | 0.38x | 3.39x | Rp38.67 Billion |
| 2017 | 39.21% | 60.64% | 0.16x | 3.99x | Rp99.97 Billion |
| 2018 | 20.26% | 40.81% | 0.14x | 3.45x | Rp47.45 Billion |
| 2019 | 7.89% | 15.07% | 0.14x | 3.83x | Rp-10.05 Billion |
| 2020 | 1.15% | 210.82% | 0.00x | 2.15x | Rp-60.75 Billion |
| 2021 | -7.67% | -1783.41% | 0.00x | 2.85x | Rp-115.93 Billion |
| 2022 | 4.58% | 10.18% | 0.13x | 3.39x | Rp-33.23 Billion |
| 2023 | -13.90% | -109.63% | 0.04x | 3.41x | Rp-155.19 Billion |
| 2024 | -26.14% | -61.79% | 0.10x | 4.34x | Rp-185.06 Billion |
Industry Comparison
This section compares Perintis Triniti Properti PT's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $2,982,914,972,543
- Average return on equity (ROE) among peers: 4.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Perintis Triniti Properti PT (TRIN) | Rp424.17 Billion | 27.53% | 4.29x | $173.42 Million |
| Adhi Commuter Properti Tbk PT (ADCP) | $2.46 Trillion | 4.27% | 1.57x | $66.41 Million |
| Makmur Berkah Amanda Pt (AMAN) | $766.24 Billion | 7.66% | 0.74x | $58.10 Million |
| Agung Podomoro Land Tbk (APLN) | $13.45 Trillion | 8.05% | 1.11x | $279.32 Million |
| Alam Sutera Realty Tbk (ASRI) | $1.76 Trillion | 3.34% | 0.73x | $153.13 Million |
| Bekasi Asri Pemula Tbk (BAPA) | $92.50 Billion | 5.43% | 0.90x | $9.23 Million |
| Bhakti Agung Propertindo (BAPI) | $9.21 Billion | 1.53% | 28.97x | $9.50 Million |
| Bumi Citra Permai Tbk (BCIP) | $305.36 Billion | 16.14% | 1.58x | $5.53 Million |
| Binakarya Jaya Abadi Tbk PT (BIKA) | $-344.95 Billion | 0.00% | 0.00x | $1.91 Million |
| Sentul City Tbk (BKSL) | $10.25 Trillion | -5.43% | 0.79x | $2.22 Million |
| Bumi Serpong Damai Tbk (BSDE) | $1.08 Trillion | 0.00% | 1.83x | $943.59 Million |
About Perintis Triniti Properti PT
PT Perintis Triniti Properti Tbk, together with its subsidiaries, operates as a real estate developer in Indonesia. It operates through Real Estate; and Service and Marketing segments. The company develops residential and mixed-use properties. It also engages in the purchase, operation, lease, and sale of apartment buildings. In addition, the company offers marketing services. PT Perintis Triniti… Read more