Indika Energy Tbk

indy

-1.00%

Overview

INDY Overview

PT Indika Energy Tbk is a diversified investment company. The Company’s segments include energy and other portfolio holdings. The energy segment includes energy resources and energy infrastructure. The other portfolio holdings segment includes logistics and infrastructure, minerals, green business, digital ventures, and others. Its energy business focuses on the exploration, production, processing, energy services and electricity generation. Its logistics and infrastructure business focuses on energy sector spectrum, including roads, ports, and barges to transport the raw materials to both domestic and international power producers and other end users. Its minerals business is engaged in the development of the mineral sector, such as gold mining. Its green businesses are diversified into renewable energy, electric vehicle mobility, and nature-based solutions. Its digital ventures business is engaged in the digital space with online platforms for work and other interactions.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: INDY

Main
Market Cap.
IDR 7.70Trillion

~$481.21M USD

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

Valuation

INDY Valuation Metrics

1,480

IDR
-1.0%

Closing Price on 2024-04-18

Price to Equity

4.15

P/E

At 4.15x P/E TTM, INDY.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Book

0.40

P/B

At 0.40x P/B TTM, INDY.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Sales

0.16

P/S

At 0.16x P/S TTM, INDY.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

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

Price/Cash Flow
-2.50x
Price/Forward Earnings
6.20x
Enterprise Value/Revenue
0.33x
Enterprise Value/EBITDA
2.75x
PEG Ratio
-0.04x

Analyst Ratings

40
60
80
0
100

62.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,4802024-04-18
IDR 3,624.77

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of INDY is IDR3,625, which is 146% higher than INDY's last closing price of IDR1,480 (as of 2024-04-18).

Valuation Recap of INDY 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 4.15x is below the ID market average of 8.46x and is trading at a discount to peers in the Oil, Gas & Coal sector (7.34x).

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 0.40x is below the peers average of 1.05x in the Oil, Gas & Coal sector. In fact, less than 25% of its peers trade at a lower P/B ratio than INDY.

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 0.16x is below 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 INDY's valuation relative to its current sales and future earnings growth. INDY trades at a Forward P/E ratio of 6.20x, which is considered fairly undervalued by analysts.

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. INDY's P/CF ratio of -2.50x is considered healthy by analysts.

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. INDY's EV/R ratio of 0.33x is considered extremely underpriced by the market The average EV/R ratio for the Oil, Gas & Coal sector is 1.12x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of INDY is IDR 3,624.77, which is 146% higher than INDY's last closing price of IDR 1,480.00.

Peers

INDY 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 Tbk635.83T53.35T 55.48T 19.19T 33.1421.82
DSSADian Swastatika Sentosa Tbk94.78T47.45T 77.68T 6.60T 14.364.42
ADROAdaro Energy Indonesia Tbk84.31T161.04T 109.47T 27.61T 3.050.80
CUANPT Petrindo Jaya Kreasi Tbk68.86T2.29T 1.76T 0.45T 152.9642.08
ADMRPT Adaro Minerals Indonesia Tbk57.24T26.26T 16.82T 6.83T 8.383.78
TCPIPT Transcoal Pacific Tbk.38.75T3.51T 1.83T 0.18T 213.6619.71
MEDCPT Medco Energi Internasional Tbk37.54T105.87T 33.17T 5.71T 6.571.35
AKRAPT AKR Corporindo Tbk.36.51T30.25T 42.09T 2.78T 13.133.24
PTBABukit Asam Tbk35.95T38.77T 38.49T 6.11T 5.891.68
GEMSGolden Energy Mines Tbk35.88T20.32T 44.95T 8.03T 4.473.54
Competitiveness Recap of INDY stock
WeightNotesScore
High
At a market cap of IDR 7,699.98 billion, INDY.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.

High
At a PE of 4.15, INDY.JK ranks 9 out of 10 companies in the Energy sector for P/E value. The average PE is 45.53 (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. (213.66) in the Energy sector.

Medium
At a PE of 4.15, INDY.JK is trading at a lower PE than that of its subsector peers in Oil, Gas & Coal (median of 7.34). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 46.89 trillion, INDY.JK ranks 4 in Revenue out of 10 companies in the Energy sector.

Medium
At a profit of IDR 1.85 trillion, INDY.JK ranks 8 in Profit out of 10 companies in the Energy sector.

Future

Future Growth of INDY

Growth Forecasts

INDY 2024 Revenue Growth
-8.6%
INDY 2024 EPS Growth
+3.7%
Sector Revenue Growth
-8.6%
Oil, Gas & Coal
Indonesia Market Growth
+7.6%
IDX overall growth
Oil, Gas & Coal Sector Revenue Growth '24
-27.6%
Energy Sector Revenue Growth '24
-27.6%

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -8.57% against the IDX average of +7.6%.

Oil, Gas & Coal sector overview

INDY Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of INDY
WeightNotesScore
High
INDY's projected growth rate of -8.57% is below the ID market average of 7.62%.

High
The Oil, Gas & Coal sub-sector is projected to shrink revenue by -27.58% in 2024. This number is lower than the previous year 2023's growth rate of -18.33%. false

Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -54.70% in 2024. This number is lower than the previous year 2023's EPS growth of -44.15%. false

Medium
INDY 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 -54.70% in 2024 while revenue growth is projected to decrease by -27.58%. These macroeconomic trends will likely be a headwind for INDY's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

M. Arsjad Rasjid P.M.15.2 years

Vice President Director

Azis Armand15.4 years
Retina Rosabai
Director
Purbaja Pantja
Director
Kamen Kamenov Palatov
Director
NamePositionShares%
Agus Lasmono, Ba, Mba.Commissioner10,156,0000.2
Azis Armand, Se, Mup.Director1,208,0000.02
Indracahya BasukiCommissioner1,403,5000.03
M. Arsjad Rasjid P.M., Bsc.Director1,208,0000.02
Expressed in millions IDR, unless otherwise stated

Ownership

INDY Ownership

Others
31.08%
Insiders
66.14%
Institutions
2.78%
NameNumber of SharesOwnership (%)Value
Pt Indika Inti Investindo1,968,882,69937.792,913.95B
Public (Scripless)1,756,678,20033.722,599.88B
Pt Teladan Resources1,463,155,59128.082,165.47B
Agus Lasmono, Ba, Mba.10,156,0000.215.03B
Treasury Stock7,500,0000.1411.10B
Indracahya Basuki1,403,5000.032.08B
M. Arsjad Rasjid P.M., Bsc.1,208,0000.021.79B
Azis Armand, Se, Mup.1,208,0000.021.79B

Largest Institutional Buy

State Street Global Advisors
Bought 31-12-2023
+1,041,169 shares
Russell Investments Limited
Bought 31-12-2023
+13,907 shares
BlackRock Institutional Trust Company NA
Bought 31-12-2023
+12,629 shares

Largest Institutional Sell

EAM Investors, LLC
Sold 31-12-2023
-12,389,120 shares
WisdomTree Asset Management Inc
Sold 31-12-2023
-8,755,600 shares
Mackenzie Investments
Sold 31-12-2023
-3,762,219 shares

Institutional Transactions

Tracking institutional transactions buying / selling of INDY stock