Alamtri Resources Indonesia

ADRO.JK +0.27%

Quick Actions

Overview

ADRO.JK Overview

PT Alamtri Resources Indonesia Tbk (formerly PT Adaro Energy Indonesia) is focuses on metallurgical coal mining, mineral processing, mining services, and renewable energy businesses. Through its subsidiary, PT Adaro Minerals Indonesia (ADMR), it engages in metallurgical coal mining and mineral processing business. Through PT Saptaindra Sejati (SIS), the largest mining contractors, the company offers various mining services, such as mine planning and operations, mining equipment provision, equipment rental services, machinery repair services and so on. Additionally, the company operates in the renewable energy sector through its subsidiary, PT Adaro Clean Energy Indonesia. The company's projects include a solar power plant (PLTS) in Central Kalimantan and the construction of a hydropowerplant (PLTA) in an industrial area in North Kalimantan.

Alias (other business names, former names):

Adaro Energy Indonesia Tbk

Last Computation: 2025-03-29

SymbolADRO

Last PriceIDR 1,845.00

+0.27% from previous close

ExchangeMain Board

Burse Efek Indonesia (IDX)

Market Cap.IDR 54.71T

~$3.36B in USD

Market Cap. Rank

30th largest company on IDX

Interesting Facts about ADRO

ADRO is an institution favorite

Led by Acadian Asset Management LLC(+129,763,615 shares), there has been more institutional buying than selling of ADRO shares in the past month.
ADRO Institutional Trading

ADRO has 1 recent IDX Filings

Sectors picked up 2 Key Filings of ADRO. These Filings disclose a significant event, e.g a material change in the company's financial conditions or in its ownership.
ADRO Recent Filings

Past 90 Days

Over the past 90 days, ADRO.JK has traded between IDR 1,680.00 and IDR 2,580.00. Its highest price during this period was 40.00% off its 52-week high of IDR 4,300.00. ADRO.JK's lowest price of IDR 1,680.00 during the last 90 days is seen on 2025-03-18 and was also a new 52-week low..

Past 52 Weeks

Over the past 52 weeks in the stock market, ADRO.JK has traded bewtween IDR 1,680.00 and IDR 4,300.00. Its highest price during this period also set an all-time high. ADRO.JK makes this all-time high of IDR 4,300.00 on 2024-11-05. Its 52-week low of IDR 1,680.00 was seen on 2025-03-18 and was 60.93% off its 52-week high during this period. This is considered quite a significant drawdown, which may indicate a potential buying opportunity if the fundamentals of the ADRO.JK are assessed to be strong and the volatility is deemed temporary.

ADRO.JK Historical Price Range

52 Week Low

IDR 1,680.00

52 Week High

IDR 4,300.00

Previous CloseIDR 1,845.00

52-Week LowIDR 1,680.00

2025-03-18

52-Week HighIDR 4,300.00

2024-11-05

All-time LowIDR 437.00

2016-01-20

All-time HighIDR 4,300.00

2024-11-05

Year to Date HighIDR 2,580.00

2025-01-03

Year to Date LowIDR 1,680.00

2025-03-18

Valuation

ADRO Valuation Metrics

1,845

IDR

+0.27%

Closing Price on 2025-03-27

Undervalued by P/E Ratio

ADRO is undervalued compared to its sector peers. Sectors has a list of companies sorted by their P/E ratio.
IDX Companies, lowest P/E ratio

Price to Earnings

2.45

P/E

At 2.45x P/E TTM, ADRO.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Book

0.69

P/B

At 0.69x P/B TTM, ADRO.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Sales

1.63

P/S

At 1.63x P/S TTM, ADRO.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 0.9x).

Valuing Alamtri Resources 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 Alamtri Resources Indonesia Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow-0.05x

Price/Forward Earnings3.57x

Enterprise Value/Revenue1.23x

Enterprise Value/EBITDA0.00x

PEG Ratio1.68x

Intrinsic Value of ADRO

Intrinsic value of Alamtri Resources Indonesia Tbk using different valuation methods.

DCF Value

IDR 19,403.31

Relative Value

IDR 4,343.97

DDM Value

IDR 3,326.62

Valuation Recap of ADRO stock
	Notes	Score
	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 2.45x is below the ID market average of 8.69x and is trading at a discount to peers in the Oil, Gas & Coal sector (7.98x). In fact, less than 25% of its peers trade at a lower P/E ratio than ADRO.
	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 0.69x is similar to the peers average of 0.94x in the Oil, Gas & Coal sector.
	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 1.63x is above the peers average of 0.88x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ADRO's valuation relative to its current sales and future earnings growth. ADRO trades at a Forward P/E ratio of 3.57x, which is considered fairly undervalued by analysts.
	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. ADRO's P/CF ratio of -0.05x is considered healthy by analysts.
	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. ADRO's EV/R ratio of 1.23x is considered extremely underpriced by the market. The average EV/R ratio for the Oil, Gas & Coal sector is 1.17x.
	Considerably Higher Intrinsic Value: Using a conservative Discounted Cash Flow (DCF) method, Analyst's intrinsic value is of ADRO is IDR 25,506.00, which is 1283% higher than ADRO's last closing price of IDR 1,845.00.

Peers

ADRO Peers and Comparison

Market Cap.

Coal Production Companies on IDX

Ranked by Market Cap4

of companies in Coal Production

Number of Peers10

Market CapIDR 1,283,930,850,328,576

Market Cap 12-Month Change

+12.34%

from IDR 1,142.87T 12 months ago

Displaying up to 10 companies, sorted by market cap
Company Name	+/-% 12 Months	Market Cap
Bayan Resources	+2.7%	IDR650TIDR667.5T
Dian Swastatika Sentosa	+165.3%	IDR99.38TIDR263.66T
Petrindo Jaya Kreasi	-9.2%	IDR79.82TIDR72.51T
Alamtri Resources Indonesia	-28.8%	IDR76.89TIDR54.71T
Adaro Andalan Indonesia		IDR50.81TIDR50.81T
Golden Energy Mines	+43.5%	IDR33.82TIDR48.53T
Adaro Minerals Indonesia	-39.6%	IDR60.91TIDR36.79T
Bumi Resources	+8.1%	IDR31.93TIDR34.53T
Bukit Asam	-2.3%	IDR29.64TIDR28.95T
Indo Tambangraya Megah	-12.6%	IDR29.66TIDR25.93T

Peers of ADRO on the IDX

Supertype Fuzzy Search

Company	Market Cap	Total Revenue	Profit and Loss	P/E	P/B
BYAN.JK	IDR 667.5T	IDR 55.68T	IDR 19.48T	44.78	18.74
DSSA.JK	IDR 263.66T	IDR 48.76T	IDR 11.48T	52.80	10.15
CUAN.JK	IDR 72.51T	IDR 12.95T	IDR 2.76T	27.91	14.66
ADRO.JK	IDR 54.71T	IDR 33.59T	IDR 13.08T	2.45	0.69
AADI.JK	IDR 50.81T	IDR 85.95T	IDR 24.88T	2.60	1.05
GEMS.JK	IDR 48.53T	IDR 43.71T	IDR 10.27T	6.34	4.61
ADMR.JK	IDR 36.79T	IDR 18.65T	IDR 9.01T	5.22	1.61
BUMI.JK	IDR 34.53T	IDR 21.47T	IDR -	26.91	1.37
PTBA.JK	IDR 28.95T	IDR 41.41T	IDR -	5.21	1.43
ITMG.JK	IDR 25.93T	IDR 37.23T	IDR 7.99T	4.29	0.83

Competitiveness Recap of ADRO stock
	Notes	Score
	The market cap of ADRO has changed by -28.85% in the last 12 months, compared to the peer group's average of 12.34%.
	At a market cap of 54.71T, ADRO holds 4.26% of the total market cap of the 10 largest Oil, Gas & Coal companies in Indonesia, amounting to 1,283.93T.
	With a total revenue of 33.59T, ADRO takes the 4th spot in Market Cap and ranks 7 in Revenue out of the the 10 largest Oil, Gas & Coal companies in Indonesia.
	At a P/E ratio of 2.45, ADRO is trading at a lower valuation compared to the peer group's median P/E value of 7.98 (unadjusted). The reference range (IQR) is from 4.21 to 26.23. A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
	The profit margin of ADRO is 38.96%. This is higher than the average profit margin of 23.72% for the 10 largest Oil, Gas & Coal companies in Indonesia.

Financials

Financial Health of ADRO

Revenue & Earnings Performance

Revenue and Earnings performance of ADRO in the last 5 years.

ADRO Debt to Equity

YoY Quarterly Revenue Growth-242.15%

YoY Quarterly Earnings Growth-51.25%

Net Profit Margin66.39%

Return on Assets (TTM)20.59%

Return on Equity (TTM)20.59%

Debt to Equity Ratio0.25x

Debt to Assets Ratio0.09x

Cash Flow to Debt Ratio3.48x

Interest Coverage Ratio15.96x

Balance Sheet for ADRO

Supertype Fuzzy Search

	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Cash and Equivalents	16.56T	25.86T	4.07B	51.12T	22.72T
Fixed Assets	65.59T	67.8T	85.18T	95.27T	66.18T
Total Assets	90.01T	108.33T	168.12T	161.69T	108.29T
Current Liabilities	16.15T	19.44T	38.16T	32.97T	10.46T
Total Liabilities	34.27T	44.67T	66.34T	47.3T	21.51T
Total Equity	55.74T	63.66T	101.77T	114.38T	86.78T

Profit and Loss Statement for ADRO

Supertype Fuzzy Search

	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenue	35.75T	57.01T	126.33T	100.62T	33.59T
Gross Profit	8.13T	25.27T	72.55T	39.17T	14.12T
Operating Profit/Loss	5.8T	22.63T	66.69T	33.28T	11.85T
Earnings Before Tax	3.13T	21.22T	69.79T	35.42T	13.08T
Less Tax	-897.92B 15.48%	-6.53T 28.88%	-25.65T 38.46%	-6.78T 20.39%	-2.78T 23.49%
Profit/Loss	2.06T	13.27T	38.87T	25.34T	22.3T

Financial History of ADRO

A visual summary of ADRO financials over the past years based on annual reports. This is a great way to understand how the revenue and cost structure of IDX: ADRO has evolved over time.

ADRO Revenue Breakdown	2022 In IDR	2023 In IDR	1Y Change (FY '22 - FY '23)
Sales of Coal	123.69T	97.5T	-21.17%
Mining services	1.85T	2.18T	+17.51%
Others	793.02B	948.28B	+19.58%
Total ADRO Total Revenue	126.33T	100.62T	-20.35%

ADRO Income Statement	2022 In IDR	2023 In IDR	1Y Change (FY '22 - FY '23)
Total Revenue	126.33T	100.62T	-20.35%
Gross Profit Revenue - Cost of Goods Sold	72.55T 57.43%	39.17T 38.93%	-46.00%
EBIT (Earnings Before Interest & Taxes)	70.44T 97.10%	34.94T 89.20%	-50.40%
Net Profit/Loss Net Income after Interest, Taxes, Depreciation & Amortization	38.87T 55.18%	25.34T 72.53%	-34.81%

¹ Small discrepancies in the numbers are due to minor differences in the currency exchange rate.
Data in the Financial History of ADRO is retrieved from ADRO's financial reports, typically reported in the local currency (IDR) of the company with some exceptions. It is retrieved using Sector's LLM-assisted automated data pipelines and is subject to the usual data quality checks.

Source: ADRO Financials / Annual Reports, financial year 2023

Financial health of ADRO
	Notes	Score
	Cashflow-to-Debt ratio is a measure of a company's ability to repay its debt using its operating cash flow. A ratio of 1 or higher indicates that a company generates enough cash flow to cover its debt payments. A ratio of 0.25 means that the company generates 25 cents of cash flow for every dollar of debt and would take approx. 4 years to pay off its debt. ADRO's cash flow to debt ratio of 3.48 reflects a very strong ability to cover its debt or accelerate debt repayments if necessary.
	ADRO's interest coverage ratio of 15.96 reflects its very strong ability to meet its interest payments on debt. A lower ratio indicates a larger financial burden from interest payments.
	The debt-to-equity (D/E) ratio indicates how much debt a company has relative to its shareholders' equity. A higher ratio indicates that a company is using more leverage and might be considered riskier in its ability to repay its debt. ADRO's debt to equity ratio as of its most recent quarter is 0.25 which reflects a very robust financial position.
	The debt-to-assets ratio indicates how much debt a company has relative to its assets. A higher ratio indicates that a company is using more leverage. A debt to assets ratio of 1 means that a company has the same amount of debt as assets. ADRO's debt to assets ratio as of its most recent quarter is 0.09 which reflects a very healthy financial position.
	ADRO has shrunk its earnings in 2024 from the previous year -- from 25.34T to 22.3T, which represents a -12.02% growth rate. Over the last 4 years, ADRO has grown its earnings in 2 of those years, which is indicative of its financial stability.
	Between 2020 and 2024, ADRO has grown its total assets from 90.01T to 108.29T, equivalent to 20.30%. During the same time period, its total liabilities have shrunk from 34.27T to 21.51T, equivalent to -37.24%. This indicates that the company has grown its assets faster than its liabilities, which is a sign of a healthy balance sheet. While the company's total liabilities have shrunk considerably over the last 4 years, it should be noted that liabilities are not necessarily a bad thing, as they can be used to fund growth or expansion initiatives in line with ADRO's business strategy.

Management

Executive Management of ADRO

President Director and VPs of ADRO

President Director

Garibaldi Thohir

6.426%

IDR 1.98B

Directors of ADRO

Christian Ariano RachmatVice Presiden Director

Michael William P. SoeryadjayaDirector

Mohammad Syah Indra AmanDirector

Julius AslanDirector

Iwan Dewono BudiyuwonoDirector

Executive Shareholdings and Insider Ownership of ADRO

6.774% of ADRO is owned by its executive management team.

Name	Position	Shares	%	Stock Value IDR
Garibaldi Thohir	President Director	1,976,632,710	6.43	3.65T
Arini Saraswaty Subianto	Commissioner	80,106,250	0.26	147.80B
Christian Ariano Rachmat	Vice Presiden Director	16,000,000	0.05	29.52B
Julius Aslan	Director	11,000,000	0.04	20.30B
Iwan Dewono Budiyuwono	Director	2,800	< 0.01	5.17M

Future

Future Growth of ADRO

Revenue and Earnings Growth Forecasts of ADRO

Analyst Ratings

Based on ratings from 10 analysts for ADRO over the past 3 months.

Hold

Strong Buy

20.0%

Buy

10.0%

Hold

50.0%

Sell

0.0%

Strong Sell

20.0%

Last Update: 2025-03-02

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are growing at a projected rate of 15.26% against the IDX average of +19.1%.

Oil, Gas & Coal sector overview

ADRO Earnings & Revenue Forecast

You're reading this stock report in March 2025, and the Financial Year reports for ADRO Financial Year ending 2024 might not have been released yet until later into Q1 2025. If so, you might still be looking at an estimate of the ADRO 2024 Financial Year.

Future growth prospect of ADRO
	Notes	Score
	ADRO is projected to grow revenue by +83.32% in 2025. This is in comparison to a growth projection of +90.83% in 2026. Two consecutive years of projected revenue growth signals an optimistic outlook for ADRO in the long term.
	ADRO is projected to decrease earnings by -36.22% in 2025 followed by an expectation of further decline in the ballpark of -38.48% in 2026. Two consecutive years of projected earnings decline is indicative of a pessimistic outlook for ADRO's profitability in the long term.
	ADRO's broader peer group has a projected growth rate of 15.26% which is below the IDX growth average of 19.09%.
	The Oil, Gas & Coal sub-sector is projected to grow revenue by 16.72% in 2026. This number is higher than the previous year 2025's growth rate of 9.49%. This bodes well for ADRO's revenue growth prospects in the next 2 years.
	The Oil, Gas & Coal sub-sector is projected to increase earnings by 224.99% in 2026. This number is higher than the previous year 2025's EPS growth of 71.84%. This bodes well for ADRO's earnings growth prospects in the next 2 years.
	ADRO 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 fruitful year heading into 2026. Specifically, earnings are projected to increase by 210.72% in 2026 while revenue growth is projected to increase by 14.76%. These macroeconomic trends will likely be a tailwind for ADRO's earnings growth prospects in the next 2 years.

Technical

Technical Ratings of ADRO

Oscillators

Neutral

Sell

Neutral

Buy

Summary

Sell

Neutral

Buy

Moving Averages

Strong Sell

Sell

Neutral

Buy

Summary

Technical Ratings of ADRO
Indicator	Summary	Sell	Neutral	Buy
Summary	Sell	13	9	4
Oscillators	Neutral	2	8	1
Moving Averages	Strong Sell	11	1	3

Last Update: 2025-03-29

Ownership

ADRO Ownership

Pt Adaro Strategic Investment45.66%

Public32.02%

Affiliate Parties7.77%

Garibaldi Thohir6.43%

Other Shareholders8.11%

Name	Number of Shares	Ownership (%)	Value
PT. Adaro Strategic Investment	14,045,425,500	45.66	25,913.81B
Public	9,850,377,983	32.02	18,173.95B
Affiliate Parties	2,390,646,012	7.77	4,410.74B
Garibaldi Thohir	1,976,632,710	6.43	3,646.89B
Edwin Soeryadjaja	1,051,738,544	3.42	1,940.46B
Ir. Theodore Permadi Rachmat	812,988,601	2.64	1,499.96B
Treasury Stock	523,747,500	1.7	966.31B
Arini Saraswaty Subianto	80,106,250	0.26	147.80B
Christian Ariano Rachmat	16,000,000	0.05	29.52B
Julius Aslan	11,000,000	0.04	20.30B

Largest Institutional Buy

Acadian Asset Management LLC

Bought 28-02-2025

+129,763,615 shares

Vanguard Group Inc

Bought 28-02-2025

+1,668,400 shares

BlackRock Fund Advisors

Bought 28-02-2025

+875,630 shares

Largest Institutional Sell

BlackRock Advisors (UK) Limited

Sold 28-02-2025

-6,324,500 shares

Dimensional Fund Advisors LP

Sold 28-02-2025

-4,708,668 shares

Northern Trust Investments Inc

Sold 28-02-2025

-2,838,248 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ADRO stock

Valuation

Error in filings section

Data operations

Financial Data for Alamtri Resources Indonesia

Transparency & processes on the financial data for producing this report for ADRO

Alamtri Resources Indonesia's peers and comparison

Alamtri Resources Indonesia operates in the Oil, Gas & Coal sector according to the IDX's Industry Classification System (IDX-IC). Whenever it's compared, it is compared to other companies in the same sector and sub-sector using this classification through a standardization process^SP that perform minor adjustments where a fairer comparison is needed.

This might at times seems unintuitive, since the company might operate in multiple sectors, or have a different business model than is represented by the sector classification. However, it provides a 1:1 mapping to the IDX classification, which is helpful for industry benchmarking and comparison.

We default to Explainable Models^EM, which means mathematically transparent models that can be verified and understood in a white-box manner.

Disclaimers and Data Ops for ADRO

Sectors (and Supertype) do not act as your financial advisor, or in any fiduciary capacity whatsoever.
Read about our terms of service
The data is sourced from the public domain, and aggregated by financial data pipelines that we developed. These include financial statements, filings with the IDX Stock Exchange, the company's website, and other public sources.
Where AI is used, we default to a human-in-the-loop^HiiL approach led by financial analysts, banking veterans and financial journalists.
Data is updated as soon as new information on Alamtri Resources Indonesia is made available, or when its peers in the Oil, Gas & Coal sector made new diclosures that might affect the sector benchmarking and comparison to Alamtri Resources Indonesia.

Human-in-the-Loop AI
Standardization Process
Explainable Models

We explain the key data operations that we perform to ensure the quality and accuracy of financial data for Alamtri Resources Indonesia (ADRO) is maintained at the highest level.

Learn more about these three pillars of our data operations in: our Data Operations

Made by

SupertypeAI

Sectors Financial Data Platform

Email us at sectors@supertype.ai for enquiries on using Sectors for your organization.

Quick links

Browse by Country

Indonesia Singapore Malaysia

Popular Hits

Indonesia Economic Sector Reports

Indonesia Stock (Saham) Reports

News and Enterprise Use

Indonesia Financial and Stock News
Sectors For Enterprise

Information

Affiliated Sites

Alamtri Resources Indonesia

Quick Actions

Overview

ADRO.JK Overview

IDX:ADRO Financials

IDX:ADRO Financials

ADRO Sector Classification

ADRO Sector Classification

Company Information

Company Information

ADRO Major Shareholders

ADRO Major Shareholders

Monthly Institutional Trading

Monthly Institutional Trading

Interesting Facts about ADRO

ADRO is an institution favorite

ADRO has 1 recent IDX Filings

Past 90 Days

Past 52 Weeks

ADRO.JK Historical Price Range

52 Week Low

52 Week High

Valuation

ADRO Valuation Metrics

1,845

Undervalued by P/E Ratio

Price to Earnings

2.45

P/E

Price to Book

0.69

P/B

Price to Sales

1.63

P/S

Historical Price to Earnings

Other Valuation Metrics

Intrinsic Value of ADRO

Peers

ADRO Peers and Comparison

Market Cap.

Coal Production Companies on IDX

Peers of ADRO on the IDX

Financials

Financial Health of ADRO

Revenue & Earnings Performance

ADRO Debt to Equity

Balance Sheet for ADRO

Profit and Loss Statement for ADRO

Financial History of ADRO

Management

Executive Management of ADRO

President Director and VPs of ADRO

Directors of ADRO

Executive Shareholdings and Insider Ownership of ADRO

Future

Future Growth of ADRO

Revenue and Earnings Growth Forecasts of ADRO

Analyst Ratings

Sector Benchmark

ADRO Earnings & Revenue Forecast

Technical

Technical Ratings of ADRO

Oscillators

Summary

Moving Averages

Summary

Ownership

ADRO Ownership

Largest Institutional Buy

Largest Institutional Sell

Institutional Transactions

Valuation

Valuation

Data operations

Financial Data for Alamtri Resources Indonesia

Alamtri Resources Indonesia's peers and comparison

Disclaimers and Data Ops for ADRO

Sectors Financial Data Platform

Quick links