PT Pertamina Geothermal Energy Tbk

PGEO

-1.56%

Overview

PGEO Overview

PT Pertamina Geothermal Energy Tbk is an Indonesia-based company engaged in the geothermal energy business. The Company's geographic segments include Kamojang, Lahendon, Ulubelu, Karaha, Lumut Balai and Other segments. Its operational activities include Own Operations and Joint Operating Contracts (JOCs) with PLN. It manages about 13 geothermal working areas (WKP) and 20 geothermal power stations (PLTP) with 672 mega watts (MW) installed capacity that are operated directly by the Company (Own Operation). Its JOCs have about 1205 MW of installed capacity. Its working areas in JOCs include Gunung Salak, Darajat, Wayang Windu, Sarulla and Bedugul Bali. It is carrying out development projects in three WKP in Hululais, Lumut Balai (Unit II) and Sungai Penuh. It is carrying out exploration in two geothermal field located in Bukit Daun, Bengkulu and Seulawah, Nanggroe Aceh Darussalam. Bukit Daun geothermal exploration area is located in Rejang Lebong and Lebong Regencies, Bengkulu Province.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PGEO

Main
Market Cap.
IDR 52.28Trillion

~$3.27B USD

Industry
Electric Utilities
Sub-Industry
Electric Utilities
Sector
Infrastructures
Sub-Sector

Valuation

PGEO Valuation Metrics

1,260

IDR
-1.6%

Closing Price on 2024-05-22

Price to Equity

20.63

P/E

At 20.63x P/E TTM, PGEO.JK is trading at a premium to its peers in the Utilities sector (avg 8.8x).

Price to Book

1.71

P/B

At 1.71x P/B TTM, PGEO.JK is trading at a premium to its peers in the Utilities sector (avg 1.0x).

Price to Sales

8.31

P/S

At 8.31x P/S TTM, PGEO.JK is trading at a premium to its peers in the Utilities sector (avg 3.8x).

Valuing PT Pertamina Geothermal Energy Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Utilities sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Pertamina Geothermal Energy Tbk relative to other stocks in the Utilities sector

Price/Cash Flow
13.34x
Price/Forward Earnings
19.79x
Enterprise Value/Revenue
8.44x
Enterprise Value/EBITDA
12.93x
PEG Ratio
-

Analyst Ratings

40
60
80
0
100

70.0

Recommended

Neutral

Not Recommended

Last closing: IDR1,2602024-05-22
IDR 585.48

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of PGEO is IDR585, which is 53% lower than PGEO's last closing price of IDR1,260 (as of 2024-05-22).

Valuation Recap of PGEO 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 20.63x is above the ID market average of 8.70x and is trading at a premium to peers in the Utilities sector (8.82x).

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 1.71x is above the peers average of 0.96x in the Utilities 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 8.31x is above the peers average of 3.77x in the Utilities sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PGEO's valuation relative to its current sales and future earnings growth. PGEO trades at a Forward P/E ratio of 19.79x, which is considered richly valued 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. PGEO's P/CF ratio of 13.34x 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. PGEO's EV/R ratio of 8.44x is considered a relatively high ratio The average EV/R ratio for the Utilities sector is 7.15x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of PGEO is IDR 585.48, which is 53% lower than PGEO's last closing price of IDR 1,260.00.

Peers

PGEO Peers and Comparison

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
BRENPT Barito Renewables Energy Tbk.1,505.09T54.35T 9.22T 1.66T 904.56218.79
TLKMPT Telkom Indonesia (Persero) Tbk291.24T286.59T 149.22T 24.43T 11.922.15
ISATPT Indosat Tbk81.23T114.72T 51.23T 4.51T 18.032.64
PGEOPT Pertamina Geothermal Energy Tbk52.28T45.91T 6.29T 2.53T 20.631.71
MTELPT Dayamitra Telekomunikasi Tbk49.92T57.01T 8.59T 2.01T 24.831.47
SUPRSolusi Tunas Pratama Tbk44.51T9.89T 1.89T 1.13T 39.457.79
TBIGPT Tower Bersama Infrastructure Tbk41.88T46.97T 6.64T 1.56T 26.843.57
TOWRSarana Menara Nusantara Tbk38.10T68.42T 11.74T 3.25T 11.712.31
JSMRPT Jasa Marga Tbk36.29T129.31T 21.32T 6.79T 5.341.30
EXCLPT XL Axiata Tbk32.29T87.69T 32.32T 1.27T 25.401.22
Competitiveness Recap of PGEO stock
WeightNotesScore
High
At a market cap of IDR 52,283.70 billion, PGEO.JK ranks 4 in Market Cap out of 10 companies in the Infrastructures sector.

High
At a PE of 20.63, PGEO.JK ranks 6 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 108.87 (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 Infrastructures. In this regard, it trails behind sector leaders such as PT Barito Renewables Energy Tbk. (904.56) in the Infrastructures sector.

Medium
At a PE of 20.63, PGEO.JK is trading at a higher PE than that of its subsector peers in Utilities (median of 8.82). false

Medium
At a revenue of IDR 6.29 trillion, PGEO.JK ranks 9 in Revenue out of 10 companies in the Infrastructures sector.

Medium
At a profit of IDR 2.53 trillion, PGEO.JK ranks 5 in Profit out of 10 companies in the Infrastructures sector.

Future

Future Growth of PGEO

Growth Forecasts

No data available

Sector Benchmark

Utilities companies in Indonesia are growing at a projected rate of 3.86% against the IDX average of +13.8%.

Utilities sector overview
No data is available for PGEO at the moment.
Future growth prospect of PGEO
WeightNotesScore
High
PGEO's projected growth rate of 3.86% is below the ID market average of 13.80%.

High
The Utilities sub-sector is projected to grow revenue by 3.86% in 2025. This number is lower than the previous year 2024's growth rate of 4.05%. false

Medium
The Utilities sub-sector is projected to decrease earnings by 0.00% in 2025. This number is lower than the previous year 2024's EPS growth of 0.00%. false

Medium
PGEO and its peers in the Utilities sub-sector belongs to the Infrastructures sector. Companies in the Infrastructures sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 16.49% in 2025 while revenue growth is projected to increase by 9.78%. These macroeconomic trends will likely be a tailwind for PGEO's earnings growth prospects in the next 2 years.

Loading...
Loading...

Management

Executive Management

President Director

Yulfi Hadi15.2 years
Ahmad Yani
Director
Rachmat Hidayat
Director
Nelwin Aldriansyah
Director
NamePositionShares%
Dannif Utojo Danu SCommissioner50,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

PGEO Ownership

Others
9.82%
Insiders
89.8%
Institutions
0.38%
NameNumber of SharesOwnership (%)Value
Pt Pertamina Power Indonesia (Ppi)28,568,460,00069.0135,996.26B
Masdar Indonesia Solar Holdings Rsc Limited6,209,421,300157,823.87B
Public (Scripless)4,140,528,700105,217.07B
Pt Pertamina Pedeve Indonesia (Pedeve)2,477,682,0005.993,121.88B

Largest Institutional Buy

BNP Paribas Asset Management Luxembourg
Bought 31-01-2024
+23,282,572 shares
SPP Fonder AB
Bought 31-01-2024
+12,286,500 shares
PT Eastspring Investment Indonesia
Bought 31-01-2024
+4,106,000 shares

Largest Institutional Sell

No data is available for PGEO at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of PGEO stock