J RESOURCES ASIA PASIFIK Tbk

psab

-1.59%

Overview

PSAB Overview

PT J Resources Asia Pasifik Tbk is an Indonesia-based intermediate gold producer. The Company operates, mines and understands low grade-gold deposits and heap leach systems. It produces approximately 200,000 oz per annum, derived from its operating Indonesian assets. It owns approximately five projects, where one is in development and exploration stage, two are producing mines and two are in care and maintenance stage. The primary producing assets are Bakan Mine in North Sulawesi, contributes a production capacity of 70,000-120,000 oz per annum and the secondary producing asset is Penjom Mine in Malaysia, which contributes a production capacity of 30,000-35,000 oz per annum. Also, North Lanut Mine in North Sulawesi and Seruyung Mine in North Kalimantan have entered its post-mining stage. The Company’s project pipeline is Doup Project, which is located in East Bolaang Mongondow Regency, North Sulawesi. The production capacity of Doup Project averaging 60 koz - 70 koz per year.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PSAB

Development
Market Cap.
IDR 4.92Trillion

~$307.57M USD

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

Valuation

PSAB Valuation Metrics

186

IDR
-1.6%

Closing Price on 2024-04-18

Price to Equity

-9.95

P/E

At -9.95x P/E TTM, PSAB.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

1.11

P/B

At 1.11x P/B TTM, PSAB.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

2.77

P/S

At 2.77x P/S TTM, PSAB.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing J RESOURCES ASIA PASIFIK 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 J RESOURCES ASIA PASIFIK Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
8.04x
Price/Forward Earnings
-
Enterprise Value/Revenue
5.80x
Enterprise Value/EBITDA
33.90x
PEG Ratio
-0.01x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of PSAB 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 -9.95x is below the ID market average of 8.46x and is trading at a discount to peers in the Basic Materials sector (8.44x). In fact, less than 25% of its peers trade at a lower P/E ratio than PSAB.

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 1.11x is similar to the peers average of 0.88x in the Basic Materials sector.

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 2.77x is above the peers average of 0.83x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PSAB's valuation relative to its current sales and future earnings growth.

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. PSAB's P/CF ratio of 8.04x 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. PSAB's EV/R ratio of 5.80x is considered a relatively high ratio The average EV/R ratio for the Basic Materials sector is 1.14x.

Peers

PSAB 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.649.04T140.91T 31.50T 3.91T 166.189.21
TPIAPT Chandra Asri Petrochemical Tbk599.09T86.97T 33.46T -0.52T -1151.8914.12
BRPTBarito Pacific Tbk89.82T157.22T 42.76T 0.40T 222.033.43
MDKAPT Merdeka Copper Gold Tbk.67.36T76.90T 26.44T -0.32T -210.524.69
MBMAPT Merdeka Battery Materials Tbk61.02T50.55T 20.58T 0.11T 568.512.57
NCKLPT Trimegah Bangun Persada Tbk.56.47T45.29T 23.86T 5.62T 10.052.40
INKPIndah Kiat Pulp & Paper Tbk52.79T156.84T 53.89T 6.37T 8.280.57
INCOVale Indonesia Tbk42.83T45.32T 19.09T 4.25T 10.081.08
ANTMAneka Tambang Tbk.41.45T35.50T 43.15T 4.04T 10.251.68
BRMSBumi Resources Minerals Tbk22.54T17.27T 0.55T 0.27T 83.081.24
Competitiveness Recap of PSAB stock
WeightNotesScore
High
At a market cap of IDR 4,921.56 billion, PSAB.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of -9.95, PSAB.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -37.70 (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 PT Merdeka Battery Materials Tbk (568.51) in the Basic Materials sector.

Medium
At a PE of -9.95, PSAB.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 8.44). 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 1.78 trillion, PSAB.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of -IDR 0.49 trillion, PSAB.JK ranks 9 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of PSAB

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 5.04% against the IDX average of +7.6%.

Basic Materials sector overview
No data is available for PSAB at the moment.
Future growth prospect of PSAB
WeightNotesScore
High
PSAB's projected growth rate of 5.04% is below the ID market average of 7.62%.

High
The Basic Materials sub-sector is projected to grow revenue by 93.43% in 2024. This number is higher than the previous year 2023's growth rate of -8.67%. This bodes well for PSAB's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to increase earnings by 8.54% in 2024. This number is higher than the previous year 2023's EPS growth of 0.72%. This bodes well for PSAB's earnings growth prospects in the next 2 years.

Medium
PSAB 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 fruitful year heading into 2024. Specifically, earnings are projected to increase by 8.54% in 2024 while revenue growth is projected to increase by 93.43%. These macroeconomic trends will likely be a tailwind for PSAB's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Edi Permadi15.2 years
Sanjaya J
Director
Adi Maryono
Director
NamePositionShares%
Jimmy BudiartoPresident Commissioner24,475,500,00092.5
Expressed in millions IDR, unless otherwise stated

Ownership

PSAB Ownership

Others
7.48%
Insiders
92.52%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Jimmy Budiarto24,475,500,00092.54,552.44B
Public (Scripless)1,984,500,0007.5369.12B
No data is available for PSAB at the moment.