Aneka Tambang Tbk.

antm

Overview

ANTM Overview

PT Aneka Tambang Tbk is an Indonesia-based mining company. It is engaged in the business of mining various types of minerals, and of mining-related industry, trade, transportation, and mining sector services. The Company operates through three segments: Nickel, Precious Metals and Refinery, and Bauxite and Alumina. Its Nickel segment is comprised of ferronickel and nickel ore sales. Its Precious Metals and Refinery business segment consists of gold commodity, silver and precious metals processing and refinery services. Its gold ore mining is produced from two mining sites: Pongkor, West Java and Cibaliung, Banten. Bauxite contains alumina (AI203) and a mixture of silica, various iron oxides, and titanium dioxide. It has three ferronickel smelters (FeNi II, III and IV) with four production lines with annual combined capacity of 27,000 TNi. The Company, through its subsidiary, PT Indonesia Coal Resources, produces coal from the Sarolangun coal mine located in Jambi Province, Indonesia.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ANTM

Main
Market Cap.
IDR 41.01Trillion

~$2.61B USD

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

Valuation

ANTM Valuation Metrics

1,670

IDR

Closing Price on 2024-04-05

Price to Equity

10.14

P/E

At 10.14x P/E TTM, ANTM.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.2x).

Price to Book

1.67

P/B

At 1.67x P/B TTM, ANTM.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

0.95

P/S

At 0.95x P/S TTM, ANTM.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing Aneka Tambang 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 Aneka Tambang Tbk. relative to other stocks in the Basic Materials sector

Price/Cash Flow
6.80x
Price/Forward Earnings
11.18x
Enterprise Value/Revenue
0.86x
Enterprise Value/EBITDA
6.45x
PEG Ratio
-0.79x

Analyst Ratings

40
60
80
0
100

77.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,6702024-04-05
IDR 1,325.87

Slightly Lower Intrinsic Value: Analyst's intrinsic value is of ANTM is IDR1,326, which is 20% lower than ANTM's last closing price of IDR1,670 (as of 2024-04-05).

Valuation Recap of ANTM 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 10.14x is above the ID market average of 8.22x and is trading at a premium to peers in the Basic Materials sector (8.22x).
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 1.67x is above the peers average of 0.89x in the Basic Materials sector. ANTM trades at a higher P/B ratio than >75% of its peers 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 0.95x is similar to the peers average of 0.76x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ANTM's valuation relative to its current sales and future earnings growth. ANTM trades at a Forward P/E ratio of 11.18x, which is considered fairly undervalued 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. ANTM's P/CF ratio of 6.80x is considered healthy 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. ANTM's EV/R ratio of 0.86x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.07x. ●●●
Max 3
Medium
Slightly Lower Intrinsic Value: Analyst's intrinsic value is of ANTM is IDR 1,325.87, which is 20% lower than ANTM's last closing price of IDR 1,670.00.
Max 3

Peers

ANTM 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.649.04T127.21T 0.00T 0.00T 9.75
TPIAPT Chandra Asri Petrochemical Tbk614.23T77.45T 32.03T -0.92T -667.5114.37
BRPTBarito Pacific Tbk94.03T146.77T 41.15T 0.38T 244.683.78
MDKAPT Merdeka Copper Gold Tbk.63.00T72.67T 21.67T -0.52T -122.324.38
MBMAPT Merdeka Battery Materials Tbk62.64T0.00T 0.00T 0.00T
NCKLPT Trimegah Bangun Persada Tbk.56.79T45.09T 8.99T 2.04T 27.892.56
INKPIndah Kiat Pulp & Paper Tbk52.38T155.79T 56.29T 8.11T 6.460.57
ANTMAneka Tambang Tbk.41.01T35.50T 43.15T 4.04T 10.141.67
INCOVale Indonesia Tbk40.74T44.35T 18.96T 3.84T 10.601.05
SMGRSemen Indonesia (Persero) Tbk38.31T81.68T 38.76T 2.43T 15.770.90
Competitiveness Recap of ANTM stock
WeightNotesScore
High
At a market cap of IDR 41,009.19 billion, ANTM.JK ranks 8 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of 10.14, ANTM.JK ranks 5 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -47.43 (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 (244.68) in the Basic Materials sector.
Max 2
Medium
At a PE of 10.14, ANTM.JK is trading at a higher PE than that of its subsector peers in Basic Materials (median of 8.22). false
Max 2
Medium
At a revenue of IDR 43.15 trillion, ANTM.JK ranks 2 in Revenue out of 10 companies in the Basic Materials sector.●●
Max 2
Medium
At a profit of IDR 4.04 trillion, ANTM.JK ranks 2 in Profit out of 10 companies in the Basic Materials sector.●●
Max 2

Future

Future Growth of ANTM

Growth Forecasts

ANTM 2024 Revenue Growth
-6.2%
ANTM 2024 EPS Growth
+8.5%
Sector Revenue Growth
+1.8%
Basic Materials
Indonesia Market Growth
+12.0%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+19.2%
Basic Materials Sector Revenue Growth '24
+19.2%

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

ANTM Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of ANTM
WeightNotesScore
High
ANTM'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 19.16% in 2024. This number is higher than the previous year 2023's growth rate of 1.18%. This bodes well for ANTM's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Basic Materials sub-sector is projected to decrease earnings by -97.81% in 2024. This number is higher than the previous year 2023's EPS growth of -104.18%. false
Max 3
Medium
ANTM 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 -97.81% in 2024 while revenue growth is projected to increase by 19.16%. These macroeconomic trends will likely be a tailwind for ANTM's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Nicolas D. Kanter15.2 years
Hartono
Director
I Dewa Bagus Wirantaya
Director
Elisabeth Rt Siahaan
Director
Achmad Ardianto
Director
NamePositionShares%
Elisabeth Rt SiahaanDirector6,000< 0.01
HartonoDirector12,500< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

ANTM Ownership

Others
23.29%
Insiders
68.21%
Institutions
8.5%
NameNumber of SharesOwnership (%)Value
Pt Mineral Industri Indonesia (Persero)15,619,999,9996526,085.40B
Public (Scripless)8,371,199,74234.8413,979.90B
Public (Scrip)39,523,6080.1666.00B

Largest Institutional Buy

Public Mutual Berhad
Bought 31-01-2024
+23,045,264 shares
State Street Global Advisors
Bought 31-01-2024
+9,161,669 shares
Pohjola Asset Management Limited
Bought 31-01-2024
+6,048,243 shares

Largest Institutional Sell

Candriam - Belgian Branch
Sold 31-01-2024
-111,000,000 shares
Baillie Gifford & Co Limited.
Sold 31-01-2024
-38,918,700 shares
Lombard Odier Funds (Europe) SA
Sold 31-01-2024
-33,447,374 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ANTM stock