PT Timah Tbk.

TINS

+10.00%

Overview

TINS Overview

PT TIMAH Tbk is an Indonesia-based company, which is engaged in the business of mining, industry, trading, transportation and services related to the mining business. It operates through five segments. The tin mining segment consists of its operations, which is involved in tin mining and smelting. The industry segment consists of its subsidiary, PT Timah Industri, which is involved in tin chemical and tin solder production. The construction segment consists of its subsidiary, PT Dok dan Perkapalan Air Kantung, which is involved in workshop, construction and shipping dockyard services. The coal mining segment is primarily from the operations of PT Tanjung Alam Jaya, which is involved in coal mining and trading. The other segment is primarily from the trading of real estate, nickel sales, and reclamation services. The operation of PT Timah Karya Persada Properti, PT Timah Investasi Mineral and PT Timah Agro Manunggal are in properties, nickel mining and reclamation services respectively.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TINS

Main
Market Cap.
IDR 7.37Trillion

~$460.79M USD

Industry
Metals & Minerals
Sub-Industry
Diversified Metals & Minerals
Sector
Basic Materials
Sub-Sector

Valuation

TINS Valuation Metrics

990

IDR
+10.0%

Closing Price on 2024-04-16

Price to Equity

-38.39

P/E

At -38.39x P/E TTM, TINS.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

1.11

P/B

At 1.11x P/B TTM, TINS.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

0.85

P/S

At 0.85x P/S TTM, TINS.JK is trading in line with its peers in the Basic Materials sector.

Valuing PT Timah Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Timah Tbk. relative to other stocks in the Basic Materials sector

Price/Cash Flow
14.92x
Price/Forward Earnings
27.05x
Enterprise Value/Revenue
1.10x
Enterprise Value/EBITDA
104.37x
PEG Ratio
0.15x

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR9902024-04-16
IDR 93.64

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TINS is IDR94, which is 90% lower than TINS's last closing price of IDR990 (as of 2024-04-16).

Valuation Recap of TINS 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 -38.39x is below the ID market average of 8.20x and is trading at a discount to peers in the Basic Materials sector (8.31x). In fact, less than 25% of its peers trade at a lower P/E ratio than TINS.●●●
Max 3
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 1.11x is similar to the peers average of 0.87x in the Basic Materials sector.
Max 3
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 0.85x is similar to the peers average of 0.79x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TINS's valuation relative to its current sales and future earnings growth. TINS trades at a Forward P/E ratio of 27.05x, which is considered richly valued by analysts.
Max 2
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. TINS's P/CF ratio of 14.92x is considered a relatively high ratio by analysts.
Max 2
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. TINS's EV/R ratio of 1.10x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.08x. ●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TINS is IDR 93.64, which is 90% lower than TINS's last closing price of IDR 990.00.
Max 3

Peers

TINS 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
AMMNPT Amman Mineral Internasional Tbk.634.53T127.21T 0.00T 0.00T 9.53
TPIAPT Chandra Asri Petrochemical Tbk625.05T77.45T 32.03T -0.92T -679.2614.62
BRPTBarito Pacific Tbk94.50T146.77T 41.15T 0.38T 245.893.80
MDKAPT Merdeka Copper Gold Tbk.70.29T72.67T 21.67T -0.52T -136.494.89
MBMAPT Merdeka Battery Materials Tbk64.26T0.00T 0.00T 0.00T
NCKLPT Trimegah Bangun Persada Tbk.58.05T45.09T 8.99T 2.04T 28.512.62
INKPIndah Kiat Pulp & Paper Tbk53.21T155.79T 56.29T 8.11T 6.560.58
INCOVale Indonesia Tbk43.72T44.35T 18.96T 3.84T 11.381.12
ANTMAneka Tambang Tbk.43.50T35.50T 43.15T 4.04T 10.761.77
BRMSBumi Resources Minerals Tbk24.10T17.27T 0.55T 0.27T 88.831.33
Competitiveness Recap of TINS stock
WeightNotesScore
High
At a market cap of IDR 7,373.27 billion, TINS.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of -38.39, TINS.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -55.10 (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 Basic Materials. In this regard, it trails behind sector leaders such as Barito Pacific Tbk (245.89) in the Basic Materials sector.
Max 2
Medium
At a PE of -38.39, TINS.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 8.31). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 8.70 trillion, TINS.JK ranks 8 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of -IDR 0.19 trillion, TINS.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of TINS

Growth Forecasts

TINS 2024 Revenue Growth
-29.4%
TINS 2024 EPS Growth
-96.8%
Sector Revenue Growth
+1.8%
Basic Materials
Indonesia Market Growth
+12.0%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+20.2%
Basic Materials Sector Revenue Growth '24
+20.2%

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 1.84% against the IDX average of +12.0%.

Basic Materials sector overview

TINS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of TINS
WeightNotesScore
High
TINS's projected growth rate of 1.84% is below the ID market average of 11.98%.●●●
Max 3
High
The Basic Materials sub-sector is projected to grow revenue by 20.22% in 2024. This number is higher than the previous year 2023's growth rate of 1.68%. This bodes well for TINS's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Basic Materials sub-sector is projected to decrease earnings by -96.70% in 2024. This number is higher than the previous year 2023's EPS growth of -103.46%. false
Max 3
Medium
TINS and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by -96.70% in 2024 while revenue growth is projected to increase by 20.22%. These macroeconomic trends will likely be a tailwind for TINS's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Ahmad Dani Virsal15.2 years
Fina Eliani
Director
Nur Adi Kuncoro
Director
Koko Wigyantoro
Director
Tigor Pangaribuan
Director
NamePositionShares%
No data is available for TINS at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

TINS Ownership

Others
23.33%
Insiders
71.78%
Institutions
4.89%
NameNumber of SharesOwnership (%)Value
Pt Mineral Industri Indonesia (Persero)4,841,053,951654,792.64B
Public (Scripless)2,603,772,37434.962,577.73B
Public (Scrip)2,927,1280.042.90B

Largest Institutional Buy

Fisher Investments CA
Bought 31-01-2024
+1,090,400 shares
Advanced Series Trust
Bought 31-01-2024
+162,800 shares
Vanguard Investments Australia Ltd
Bought 31-01-2024
+455 shares

Largest Institutional Sell

WisdomTree Asset Management Inc
Sold 31-01-2024
-17,327,300 shares
State Street Global Advisors
Sold 31-01-2024
-14,558,489 shares
PT Eastspring Investment Indonesia
Sold 31-01-2024
-8,349,035 shares

Institutional Transactions

Tracking institutional transactions buying / selling of TINS stock