PT Adaro Minerals Indonesia Tbk

ADMR

+2.24%

Overview

ADMR Overview

PT Adaro Minerals Indonesia Tbk is a subsidiary of PT Adaro Energy Indonesia Tbk that focuses on metallurgical coal mining, and minerals mining and processing businesses. It operates as a hard coking coal (HCC) producer in Indonesia and is building an aluminum smelter in a green industrial park in North Kalimantan. Through its subsidiaries, the Company has five Coal Contract of Work (CCoW) concession areas with large metallurgical coal resources and reserves in East Kalimantan and Central Kalimantan province. The Company also provides consultation services to the subsidiaries and offers mining services by leasing the crushing plant, located in PT Adaro Indonesia (AI)’s mine area in Wara, Tabalong regency, South Kalimantan province. Its products include green coal, hard coking coal, metallurgical coal, and processed aluminum. Its subsidiaries include PT Alam Tri Daya Indonesia and PT Adaro Baterai Indonesia.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ADMR

Main
Market Cap.
IDR 56.01Trillion

~$3.50B USD

Industry
Coal
Sub-Industry
Coal Production
Sector
Energy
Sub-Sector

Valuation

ADMR Valuation Metrics

1,370

IDR
+2.2%

Closing Price on 2024-05-22

Price to Equity

8.20

P/E

At 8.20x P/E TTM, ADMR.JK is trading in line with its peers in the Oil, Gas & Coal sector.

Price to Book

3.70

P/B

At 3.70x P/B TTM, ADMR.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 1.0x).

Price to Sales

3.33

P/S

At 3.33x P/S TTM, ADMR.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 0.8x).

Valuing PT Adaro Minerals Indonesia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Oil, Gas & Coal sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Adaro Minerals Indonesia Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
12.19x
Price/Forward Earnings
8.61x
Enterprise Value/Revenue
3.18x
Enterprise Value/EBITDA
5.80x
PEG Ratio
0.03x

Analyst Ratings

40
60
80
0
100

70.0

Recommended

Neutral

Not Recommended

Last closing: IDR1,3702024-05-22
IDR 1,114.56

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of ADMR is IDR1,115, which is 18% lower than ADMR's last closing price of IDR1,370 (as of 2024-05-22).

Valuation Recap of ADMR stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 8.20x is below the ID market average of 8.70x but is trading in a P/E range similar to its peers in the Oil, Gas & Coal sector (8.05x).

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 3.70x is above the peers average of 1.04x in the Oil, Gas & Coal sector. ADMR trades at a higher P/B ratio than >75% of its peers in the Oil, Gas & Coal sector.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 3.33x is above the peers average of 0.84x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ADMR's valuation relative to its current sales and future earnings growth. ADMR trades at a Forward P/E ratio of 8.61x, which is considered fairly undervalued by analysts.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. ADMR's P/CF ratio of 12.19x is considered a relatively high ratio by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. ADMR's EV/R ratio of 3.18x is considered a relatively high ratio The average EV/R ratio for the Oil, Gas & Coal sector is 1.09x.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of ADMR is IDR 1,114.56, which is 18% lower than ADMR's last closing price of IDR 1,370.00.

Peers

ADMR Peers and Comparison

Market Cap.

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
BYANBayan Resources Tbk621.67T53.35T 55.48T 19.19T 32.4021.33
DSSADian Swastatika Sentosa Tbk137.16T47.45T 77.68T 6.60T 20.786.40
CUANPT Petrindo Jaya Kreasi Tbk91.06T18.28T 2.54T 0.66T 138.4740.85
ADROAdaro Energy Indonesia Tbk90.17T161.04T 109.47T 27.61T 3.270.86
ADMRPT Adaro Minerals Indonesia Tbk56.01T26.26T 16.82T 6.83T 8.203.70
PGASPT Perusahaan Gas Negara Tbk.38.54T102.22T 56.48T 4.31T 8.950.92
GEMSGolden Energy Mines Tbk36.91T20.32T 44.95T 8.03T 4.603.65
TCPIPT Transcoal Pacific Tbk.36.50T3.51T 1.83T 0.18T 201.2518.57
BUMIBumi Resources Tbk34.53T65.10T 26.02T 0.25T 135.541.44
MEDCPT Medco Energi Internasional Tbk33.91T105.87T 33.17T 5.71T 5.941.22
Competitiveness Recap of ADMR stock
WeightNotesScore
High
At a market cap of IDR 56,008.75 billion, ADMR.JK ranks 5 in Market Cap out of 10 companies in the Energy sector.

High
At a PE of 8.20, ADMR.JK ranks 7 out of 10 companies in the Energy sector for P/E value. The average PE is 55.94 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Energy. In this regard, it trails behind sector leaders such as PT Transcoal Pacific Tbk. (201.25) in the Energy sector.

Medium
At a PE of 8.20, ADMR.JK is trading at a higher PE than that of its subsector peers in Oil, Gas & Coal (median of 8.05). false

Medium
At a revenue of IDR 16.82 trillion, ADMR.JK ranks 8 in Revenue out of 10 companies in the Energy sector.

Medium
At a profit of IDR 6.83 trillion, ADMR.JK ranks 4 in Profit out of 10 companies in the Energy sector.

Future

Future Growth of ADMR

Growth Forecasts

No data available

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.53% against the IDX average of +13.8%.

Oil, Gas & Coal sector overview
No data is available for ADMR at the moment.
Future growth prospect of ADMR
WeightNotesScore
High
ADMR's projected growth rate of -9.53% is below the ID market average of 13.80%.

High
The Oil, Gas & Coal sub-sector is projected to grow revenue by 1.67% in 2025. This number is higher than the previous year 2024's growth rate of -28.51%. false

Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -7.45% in 2025. This number is higher than the previous year 2024's EPS growth of -55.48%. false

Medium
ADMR and its peers in the Oil, Gas & Coal sub-sector belongs to the Energy sector. Companies in the Energy sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -7.45% in 2025 while revenue growth is projected to increase by 1.67%. These macroeconomic trends will likely be a tailwind for ADMR's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Christian Ariano Rachmat15.2 years

Vice President Director

Iwan Dewono Budiyuwono15.4 years
Totok Azhariyanto
Director
Hendri Tamrin
Director
Heri Gunawan
Director
Wito Krisnahadi
Director
NamePositionShares%
Chia Ah HooCommissioner1,134,000< 0.01
Wito KrisnahadiDirector69,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

ADMR Ownership

Others
15.55%
Insiders
83.84%
Institutions
0.61%
NameNumber of SharesOwnership (%)Value
Pt Adaro Energy Indonesia Tbk28,023,450,00068.5538,392.13B
Public (Scripless)5,856,413,66914.328,023.29B
Pt Adaro Mining Technologies3,611,330,0008.834,947.52B
Pt Alam Tri Abadi2,640,470,0006.463,617.44B
Afiliasi Pengendali749,464,8311.831,026.77B

Largest Institutional Buy

IG Investment Management Ltd
Bought 31-01-2024
+6,555,600 shares
Mackenzie Investments
Bought 31-01-2024
+6,459,055 shares
PT Eastspring Investment Indonesia
Bought 31-01-2024
+4,611,800 shares

Largest Institutional Sell

BlackRock Fund Advisors
Sold 31-01-2024
-118,922,400 shares
Northern Trust Investments Inc
Sold 31-01-2024
-36,171,297 shares
BlackRock Advisors (UK) Limited
Sold 31-01-2024
-36,085,500 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ADMR stock