Indo Tambangraya Megah Tbk

itmg

Overview

ITMG Overview

PT Indo Tambangraya Megah Tbk is an Indonesia-based energy company. The Company is engaged in mining, processing, and logistics activities. Its main business consists of coal mining operations and coal sales. The Company also runs supporting activities, including coal terminal operations, port loading facilities, that supported with power plant operations, mining contractors, and fuel distribution. Its Upstream business is focused on coal mining, blending, and sales. Its Energy supply chain management business is engaged in fuel distribution, sales, and logistics, as well as empowerment of internal mining contractors. Its Downstream business is engaged in the development of power plants and renewable energy ventures. The Company's subsidiaries include PT Indominco Mandiri, PT Trubaindo Coal Mining, PT Bharinto Ekatama, PT Kitadin, PT Graha Panca Karsa, and PT Jorong Barutama Greston, among others.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ITMG

Main
Market Cap.
IDR 32.30Trillion

~$2.04B USD

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

Valuation

ITMG Valuation Metrics

26,850

IDR

Closing Price on 2024-04-05

Price to Equity

2.97

P/E

At 2.97x P/E TTM, ITMG.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Book

1.23

P/B

At 1.23x P/B TTM, ITMG.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 1.1x).

Price to Sales

0.74

P/S

At 0.74x P/S TTM, ITMG.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Valuing Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
2.81x
Price/Forward Earnings
7.53x
Enterprise Value/Revenue
0.45x
Enterprise Value/EBITDA
1.35x
PEG Ratio
-0.04x

Analyst Ratings

40
60
80
0
100

47.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR26,8502024-04-05
IDR 107,207.13

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ITMG is IDR107,207, which is 300% higher than ITMG's last closing price of IDR26,850 (as of 2024-04-05).

Valuation Recap of ITMG 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 2.97x is below the ID market average of 8.22x and is trading at a discount to peers in the Oil, Gas & Coal sector (7.09x). In fact, less than 25% of its peers trade at a lower P/E ratio than ITMG.●●
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 1.23x is similar to 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 0.74x is similar to 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 ITMG's valuation relative to its current sales and future earnings growth. ITMG trades at a Forward P/E ratio of 7.53x, 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. ITMG's P/CF ratio of 2.81x 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. ITMG's EV/R ratio of 0.45x 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 ITMG is IDR 107,207.13, which is 300% higher than ITMG's last closing price of IDR 26,850.00.●●●
Max 3

Peers

ITMG Peers and Comparison

Market Cap.

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 ITMG stock
WeightNotesScore
High
At a market cap of IDR 32,298.67 billion, ITMG.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.
Max 2
High
At a PE of 2.97, ITMG.JK ranks 10 out of 10 companies in the Energy sector for P/E value. The average PE is 54.22 (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 2.97, ITMG.JK is trading at a lower PE than that of its subsector peers in Oil, Gas & Coal (median of 7.09). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 43.49 trillion, ITMG.JK ranks 5 in Revenue out of 10 companies in the Energy sector.
Max 2
Medium
At a profit of IDR 10.89 trillion, ITMG.JK ranks 3 in Profit out of 10 companies in the Energy sector.
Max 2

Future

Future Growth of ITMG

Growth Forecasts

ITMG 2024 Revenue Growth
-43.7%
ITMG 2024 EPS Growth
-69.6%
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

ITMG Earnings & Revenue Forecast

All values in IDR billion

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

Management

Executive Management

President Director

Mulianto15.2 years
Jusnan Ruslan
Director
Stephanus Demo Wawin
Director
Yulius Kurniawan Gozali
Director
Ignatius Wurwanto
Director
Junius Prakarsa Darmawan
Director
Parameth Prasan
Director
Isara Pootrakul
Director
Chum Ramsiri
Director
NamePositionShares%
Fredi ChandraCommissioner1,368,4800.12
Jusnan RuslanDirector14,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

ITMG Ownership

Others
23.29%
Insiders
67.34%
Institutions
9.37%
NameNumber of SharesOwnership (%)Value
Banpu Minerals (Singapore) Private Limited736,071,00065.1419,763.51B
Public (Scripless)392,471,52034.7310,537.86B
Fredi Chandra1,368,4800.1236.74B

Largest Institutional Buy

FIL Limited
Bought 31-12-2023
+917,100 shares
Vanguard Group Inc
Bought 31-12-2023
+36,900 shares
Arrowstreet Capital Limited Partnership
Bought 31-12-2023
+35,500 shares

Largest Institutional Sell

No data is available for ITMG at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of ITMG stock