Wintermar Offshore Marine Tbk
PT Wintermar Offshore Marine Tbk provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan. The company operates through three segments: Charter of Own Vessels, Charter of Third Party Vessels, and Other Services. Its fleet includes platform supply vessels… Read more
Wintermar Offshore Marine Tbk (WINS) - Net Assets
Latest net assets as of September 2025: Rp3.42 Trillion IDR
Based on the latest financial reports, Wintermar Offshore Marine Tbk (WINS) has net assets worth Rp3.42 Trillion IDR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp4.26 Trillion) and total liabilities (Rp843.34 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp3.42 Trillion |
| % of Total Assets | 80.22% |
| Annual Growth Rate | -35.45% |
| 5-Year Change | 36.89% |
| 10-Year Change | -24.27% |
| Growth Volatility | 41.43 |
Wintermar Offshore Marine Tbk - Net Assets Trend (2007–2024)
This chart illustrates how Wintermar Offshore Marine Tbk's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wintermar Offshore Marine Tbk (2007–2024)
The table below shows the annual net assets of Wintermar Offshore Marine Tbk from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Rp192.22 Million | +18.71% |
| 2023-12-31 | Rp161.92 Million | +4.06% |
| 2022-12-31 | Rp155.61 Million | +1.07% |
| 2021-12-31 | Rp153.97 Million | +9.65% |
| 2020-12-31 | Rp140.41 Million | -9.55% |
| 2019-12-31 | Rp155.24 Million | -9.30% |
| 2018-12-31 | Rp171.16 Million | -14.99% |
| 2017-12-31 | Rp201.34 Million | -13.04% |
| 2016-12-31 | Rp231.55 Million | -8.77% |
| 2015-12-31 | Rp253.81 Million | -3.64% |
| 2014-12-31 | Rp263.40 Million | +20.49% |
| 2013-12-31 | Rp218.60 Million | +23.19% |
| 2012-12-31 | Rp177.44 Million | +25.74% |
| 2011-12-31 | Rp141.12 Million | +17.47% |
| 2010-12-31 | Rp120.13 Million | +126.99% |
| 2009-12-31 | Rp52.92 Million | -99.99% |
| 2008-12-31 | Rp420.92 Billion | +28.20% |
| 2007-12-31 | Rp328.34 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wintermar Offshore 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp19.64 Million | 12.65% |
| Common Stock | Rp45.41 Million | 29.24% |
| Other Components | Rp90.23 Million | 58.11% |
| Total Equity | Rp155.29 Million | 100.00% |
Wintermar Offshore Marine Tbk Competitors by Market Cap
The table below lists competitors of Wintermar Offshore Marine Tbk ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Remgro Ltd
JSE:REM
|
$52.31 Million |
|
Esenboga Elektrik Uretim AS
IS:ESEN
|
$52.33 Million |
|
Smart Radar System Inc.
KQ:424960
|
$52.34 Million |
|
Majestic Gold Corp
PINK:MJGCF
|
$52.34 Million |
|
Yuhwa Sec
KO:003460
|
$52.28 Million |
|
Nevada King Gold Corp
OTCQB:NKGFF
|
$52.26 Million |
|
1867 Western Financial Corp
PINK:WFCL
|
$52.23 Million |
|
ATEME EO-14
F:AYD
|
$52.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wintermar Offshore Marine Tbk's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 134,778,037 to 155,285,383, a change of 20,507,346 (15.2%).
- Net income of 22,491,788 contributed positively to equity growth.
- Dividend payments of 2,210,822 reduced retained earnings.
- New share issuances of 18,235 increased equity.
- Other comprehensive income decreased equity by 1,397,256.
- Other factors increased equity by 1,605,401.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp22.49 Million | +14.48% |
| Dividends Paid | Rp2.21 Million | -1.42% |
| Share Issuances | Rp18.23K | +0.01% |
| Other Comprehensive Income | Rp-1.40 Million | -0.9% |
| Other Changes | Rp1.61 Million | +1.03% |
| Total Change | Rp- | 15.22% |
Book Value vs Market Value Analysis
This analysis compares Wintermar Offshore 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: 14194.79x
- 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 increased from 12105.45x to 14194.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | Rp0.04 | Rp505.00 | x |
| 2010-12-31 | Rp0.06 | Rp505.00 | x |
| 2011-12-31 | Rp0.04 | Rp505.00 | x |
| 2012-12-31 | Rp0.04 | Rp505.00 | x |
| 2013-12-31 | Rp0.05 | Rp505.00 | x |
| 2014-12-31 | Rp0.06 | Rp505.00 | x |
| 2015-12-31 | Rp0.05 | Rp505.00 | x |
| 2016-12-31 | Rp0.05 | Rp505.00 | x |
| 2017-12-31 | Rp0.04 | Rp505.00 | x |
| 2018-12-31 | Rp0.04 | Rp505.00 | x |
| 2019-12-31 | Rp0.03 | Rp505.00 | x |
| 2020-12-31 | Rp0.03 | Rp505.00 | x |
| 2021-12-31 | Rp0.03 | Rp505.00 | x |
| 2022-12-31 | Rp0.03 | Rp505.00 | x |
| 2023-12-31 | Rp0.03 | Rp505.00 | x |
| 2024-12-31 | Rp0.04 | Rp505.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wintermar Offshore 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): 14.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.31%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.50x
- Recent ROE (14.48%) is above the historical average (1.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 20.29% | 25.46% | 0.45x | 1.78x | Rp5.40 Million |
| 2010 | 10.07% | 15.86% | 0.32x | 1.98x | Rp78.03K |
| 2011 | 11.15% | 12.93% | 0.43x | 2.01x | Rp1.51 Million |
| 2012 | 13.08% | 16.27% | 0.37x | 2.20x | Rp4.76 Million |
| 2013 | 14.94% | 14.49% | 0.44x | 2.33x | Rp8.95 Million |
| 2014 | 10.00% | 12.27% | 0.35x | 2.31x | Rp3.54K |
| 2015 | -2.69% | -5.70% | 0.22x | 2.11x | Rp-26.84 Million |
| 2016 | -8.18% | -17.99% | 0.22x | 2.05x | Rp-35.64 Million |
| 2017 | -16.05% | -43.75% | 0.18x | 2.00x | Rp-43.99 Million |
| 2018 | -17.07% | -40.54% | 0.23x | 1.85x | Rp-40.34 Million |
| 2019 | -12.40% | -30.03% | 0.23x | 1.82x | Rp-30.43 Million |
| 2020 | -12.06% | -34.43% | 0.20x | 1.78x | Rp-27.32 Million |
| 2021 | 0.10% | 0.31% | 0.22x | 1.56x | Rp-12.41 Million |
| 2022 | 0.67% | 1.41% | 0.32x | 1.48x | Rp-11.94 Million |
| 2023 | 4.95% | 9.20% | 0.37x | 1.45x | Rp-6.80 Million |
| 2024 | 14.48% | 27.31% | 0.35x | 1.50x | Rp6.96 Million |
Industry Comparison
This section compares Wintermar Offshore Marine Tbk's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $303,238,403,323
- Average return on equity (ROE) among peers: 20.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wintermar Offshore Marine Tbk (WINS) | Rp3.42 Trillion | 20.29% | 0.25x | $52.30 Million |
| PT Ancara Logistics Indonesia (ALII) | $196.24 Billion | 96.37% | 5.20x | $150.19 Million |
| Pelayaran Nasional Bina Buana Raya (BBRM) | $56.71 Million | 12.36% | 1.47x | $5.32 Million |
| Batulicin Nusantara Maritim Tbk PT (BESS) | $61.00 Billion | 38.10% | 2.15x | $42.15 Million |
| Berlian Laju Tanker Tbk PT (BLTA) | $533.72 Million | 26.42% | 3.24x | $47.22 Million |
| Bintang Samudera Mandiri Lines Tbk PT (BSML) | $108.60 Billion | 14.75% | 1.49x | $6.83 Million |
| Buana Listya Tama Tbk PT (BULL) | $1.04 Trillion | 0.00% | 0.57x | $8.08 Million |
| Capitol Nusantara Indonesia (CANI) | $-238.38 Billion | 0.00% | 0.00x | $1.34 Million |
| PT Cakra Buana Resources Energ (CBRE) | $-947.22 Million | 0.00% | 0.00x | $47.72 Million |
| PT Pelayaran Nasional Ekalya P (ELPI) | $1.87 Trillion | 8.34% | 0.26x | $98.43 Million |
| GTS Internasional Tbk PT (GTSI) | $56.96 Million | 4.67% | 1.17x | $31.86 Million |