Bumi Resources Minerals Tbk

brms

Overview

BRMS Overview

PT Bumi Resources Minerals Tbk. (BRM) is an Indonesia-based multi-minerals mining company. The Company is focused on operating a diverse portfolio of minerals including copper, gold, zinc, and lead. The Company’s business units include PT Citra Palu Minerals (CPM), PT Dairi Prima Mineral (DPM), PT Gorontalo Minerals (GM) and PT Linge Mineral Resources (LMR). CPM operates one gold ore processing plant and has contract of work rights to an approximately 85,180-hectare (ha) mining concession in Central Sulawesi and South Sulawesi, Indonesia. DPM operates portfolio of minerals zinc & lead. DPM has contract of work is located in North Sumatra and is proposed to be developed as an underground mining operation (mining concession size of 24,636 Ha). GM has contract of work rights to an approximately 24,995-hectare mining concession located in the Bone Bolango Regency (Gorontalo, Sulawesi, Indonesia). LMR has mining business license to a 36,420 hectares mining concession located in Linge, Aceh.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BRMS

Main
Market Cap.
IDR 22.69Trillion

~$1.44B USD

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

Valuation

BRMS Valuation Metrics

160

IDR

Closing Price on 2024-04-05

Price to Equity

83.60

P/E

At 83.60x P/E TTM, BRMS.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.2x).

Price to Book

1.25

P/B

At 1.25x P/B TTM, BRMS.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

41.12

P/S

At 41.12x P/S TTM, BRMS.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing Bumi Resources Minerals 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 Bumi Resources Minerals Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
132.80x
Price/Forward Earnings
-
Enterprise Value/Revenue
42.45x
Enterprise Value/EBITDA
38.28x
PEG Ratio
0.94x

Analyst Ratings

40
60
80
0
100

50.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1602024-04-05
IDR 13.67

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRMS is IDR14, which is 90% lower than BRMS's last closing price of IDR160 (as of 2024-04-05).

Valuation Recap of BRMS 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 83.60x is above the ID market average of 8.22x and is trading at a premium to peers in the Basic Materials sector (8.22x). In fact, less than 25% of its peers trade at a higher P/E ratio than BRMS.
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 1.25x is similar to the peers average of 0.89x 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 41.12x is above 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 BRMS's valuation relative to its current sales and future earnings growth.
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. BRMS's P/CF ratio of 132.80x 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. BRMS's EV/R ratio of 42.45x is considered a relatively high ratio The average EV/R ratio for the Basic Materials sector is 1.07x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRMS is IDR 13.67, which is 90% lower than BRMS's last closing price of IDR 160.00.
Max 3

Peers

BRMS 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
BRMSBumi Resources Minerals Tbk22.69T17.27T 0.55T 0.27T 83.601.25
Competitiveness Recap of BRMS stock
WeightNotesScore
High
At a market cap of IDR 22,685.44 billion, BRMS.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of 83.60, BRMS.JK ranks 2 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -40.65 (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 83.60, BRMS.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 0.55 trillion, BRMS.JK ranks 8 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of IDR 0.27 trillion, BRMS.JK ranks 6 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of BRMS

Growth Forecasts

BRMS 2024 Revenue Growth
+276.6%
BRMS 2024 EPS Growth
0.0%
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

BRMS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BRMS
WeightNotesScore
High
BRMS'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 BRMS'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
BRMS 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 BRMS's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Agoes Projosasmito15.2 years

Vice President Director

Suseno Kramadibrata15.4 years
Fuad Helmy
Director
Muhammad Sulthon
Director
Herwin Wahyu Hidayat
Director
Adika Aryasthana Bakrie
Director
Adhika Andrayudha Bakrie
Director
Adrian Wicaksono
Director
NamePositionShares%
No data is available for BRMS at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

BRMS Ownership

Others
45.22%
Insiders
47.84%
Institutions
6.94%
NameNumber of SharesOwnership (%)Value
Public (Scripless)73,971,018,21652.1711,835.36B
Emirates Tarian Global Ventures Spc35,592,738,43425.15,694.84B
1St Financial Company Limited14,250,000,00010.052,280.00B
Sugiman Halim10,400,292,0887.341,664.05B
Pt Bumi Resources Tbk7,569,991,5005.341,211.20B

Largest Institutional Buy

Dimensional Fund Advisors LP
Bought 31-01-2024
+21,206,589 shares
Dimensional Fund Advisors
Bought 31-01-2024
+11,605,800 shares
BlackRock Advisors (UK) Limited
Bought 31-01-2024
+1,139,000 shares

Largest Institutional Sell

Vanguard Group Inc
Sold 31-01-2024
-410,937,000 shares
Vanguard Equity Investment Group
Sold 31-01-2024
-110,891,700 shares
SEI Investments Management Corp
Sold 31-01-2024
-70,559,700 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BRMS stock