Harum Energy Tbk

hrum

Overview

HRUM Overview

PT Harum Energy Tbk is an Indonesia-based holding company. The Company’s businesses engaged in the mining of coal and minerals, as well as logistics and processing activities in East Kalimantan and North Maluku, Indonesia. It operates through three segments: the Mining sector, the Rental and service sector and Other sector. The Mining sector segment consists of coal and nickel mining, including general survey, exploration, exploitation and sales. The Rental and service sector segment consists of coal shipping and rental tugboat, and coal handling and hauling road services. The Other sector segment consists of the Company’s business sector, which is investing in coal and nickel mining, trading and services industries through its subsidiaries by Company. The Company’s subsidiaries include PT Mahakam Sumber Jaya (MSJ), PT Layar Lintas Jaya (LLJ), PT Santan Batubara (SB), Harum Energy Australia Ltd, PT Bumi Karunia Pertiwi, Harum Asia Capital Pte Ltd and PT Karya Usaha Pertiwi.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: HRUM

Main
Market Cap.
IDR 19.60Trillion

~$1.24B USD

Industry
Coal
Sub-Industry
Coal Production
Sector
Energy
Sub-Sector

Valuation

HRUM Valuation Metrics

1,440

IDR

Closing Price on 2024-04-05

Price to Equity

7.58

P/E

At 7.58x P/E TTM, HRUM.JK is trading in line with its peers in the Oil, Gas & Coal sector.

Price to Book

1.50

P/B

At 1.50x P/B TTM, HRUM.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 1.1x).

Price to Sales

1.53

P/S

At 1.53x P/S TTM, HRUM.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 0.9x).

Valuing Harum Energy 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 Harum Energy Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
4.28x
Price/Forward Earnings
5.65x
Enterprise Value/Revenue
1.27x
Enterprise Value/EBITDA
3.60x
PEG Ratio
-0.05x

Analyst Ratings

40
60
80
0
100

87.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,4402024-04-05
IDR 2,192.95

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of HRUM is IDR2,193, which is 53% higher than HRUM's last closing price of IDR1,440 (as of 2024-04-05).

Valuation Recap of HRUM 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 7.58x is below the ID market average of 8.22x but is trading in a P/E range similar to its peers in the Oil, Gas & Coal sector (7.09x).
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 1.50x is above the peers average of 1.05x in the Oil, Gas & Coal 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 1.53x is above the peers average of 0.90x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of HRUM's valuation relative to its current sales and future earnings growth. HRUM trades at a Forward P/E ratio of 5.65x, 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. HRUM's P/CF ratio of 4.28x 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. HRUM's EV/R ratio of 1.27x is considered extremely underpriced by the market The average EV/R ratio for the Oil, Gas & Coal sector is 1.12x. ●●
Max 3
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of HRUM is IDR 2,192.95, which is 53% higher than HRUM's last closing price of IDR 1,440.00.●●●
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Peers

HRUM 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
BYANBayan Resources Tbk626.67T43.87T 62.77T 22.30T 28.1019.61
DSSADian Swastatika Sentosa Tbk94.78T40.07T 89.83T 9.49T 9.984.81
ADROAdaro Energy Indonesia Tbk83.38T161.04T 109.47T 27.61T 3.020.79
CUANPT Petrindo Jaya Kreasi Tbk60.99T2.29T 1.76T 0.45T 135.4837.27
ADMRPT Adaro Minerals Indonesia Tbk54.78T23.52T 14.69T 4.55T 12.044.50
MEDCPT Medco Energi Internasional Tbk39.59T105.87T 33.17T 5.71T 6.931.43
TCPIPT Transcoal Pacific Tbk.39.27T3.12T 1.76T 0.12T 326.3624.60
GEMSGolden Energy Mines Tbk35.29T17.80T 44.42T 9.04T 3.903.72
AKRAPT AKR Corporindo Tbk.34.24T28.81T 42.94T 2.55T 13.433.20
PTBABukit Asam Tbk33.66T36.00T 39.32T 6.35T 5.301.75
Competitiveness Recap of HRUM stock
WeightNotesScore
High
At a market cap of IDR 19,601.57 billion, HRUM.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.
Max 2
High
At a PE of 7.58, HRUM.JK ranks 7 out of 10 companies in the Energy sector for P/E value. The average PE is 54.68 (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 Energy. In this regard, it trails behind sector leaders such as PT Transcoal Pacific Tbk. (326.36) in the Energy sector.
Max 2
Medium
At a PE of 7.58, HRUM.JK is trading at a higher PE than that of its subsector peers in Oil, Gas & Coal (median of 7.09). false
Max 2
Medium
At a revenue of IDR 12.85 trillion, HRUM.JK ranks 8 in Revenue out of 10 companies in the Energy sector.
Max 2
Medium
At a profit of IDR 2.59 trillion, HRUM.JK ranks 7 in Profit out of 10 companies in the Energy sector.
Max 2

Future

Future Growth of HRUM

Growth Forecasts

HRUM 2024 Revenue Growth
+8.4%
HRUM 2024 EPS Growth
-30.1%
Sector Revenue Growth
-9.6%
Oil, Gas & Coal
Indonesia Market Growth
+12.0%
IDX overall growth
Oil, Gas & Coal Sector Revenue Growth '24
-19.6%
Energy Sector Revenue Growth '24
-19.6%

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.58% against the IDX average of +12.0%.

Oil, Gas & Coal sector overview

HRUM Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of HRUM
WeightNotesScore
High
HRUM's projected growth rate of -9.58% is below the ID market average of 11.98%.●●●
Max 3
High
The Oil, Gas & Coal sub-sector is projected to shrink revenue by -19.64% in 2024. This number is lower than the previous year 2023's growth rate of -16.23%. false
Max 3
Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -42.00% in 2024. This number is lower than the previous year 2023's EPS growth of -35.74%. false
Max 3
Medium
HRUM 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 challenging year heading into 2024. Specifically, earnings are projected to decrease by -42.00% in 2024 while revenue growth is projected to decrease by -19.64%. These macroeconomic trends will likely be a headwind for HRUM's earnings growth prospects in the next 2 years.
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Management

Executive Management

President Director

Ray Antonio Gunara15.2 years
Kenneth Scott Andrew Thompson
Director
Hadi Tanjaya
Director
NamePositionShares%
Ray Antonio GunaraPresident Director2,000,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

HRUM Ownership

Others
19.03%
Insiders
79.9%
Institutions
1.07%
NameNumber of SharesOwnership (%)Value
Pt Karunia Bara Perkasa10,786,374,00079.7915,532.38B
Public (Scripless)2,515,372,50018.613,622.14B
Treasury Stock201,853,5001.49290.67B
Bara Sejahtera Abadi12,500,0000.0918.00B
Ray Antonio Gunara2,000,0000.012.88B

Largest Institutional Buy

No data is available for HRUM at the moment.

Largest Institutional Sell

Acadian Asset Management LLC
Sold 31-12-2023
-5,030,800 shares
Teachers Advisors LLC
Sold 31-12-2023
-1,965,000 shares
MissionSquare Retirement
Sold 31-12-2023
-1,403,500 shares

Institutional Transactions

Tracking institutional transactions buying / selling of HRUM stock