Bukit Asam Tbk

ptba

-2.38%

Overview

PTBA Overview

PT Bukit Asam Tbk is engaged in coal mining and related activities. The Company is involved in the general surveying, exploration, exploitation, processing, refining, transportation and trading, and management of special coal port facilities for internal and external needs. Its segments include the coal mining segment and other segments. Its coal mining segment includes mining business permits (IUP) of approximately 68,777 hectares (ha) in several locations that have coal reserves. It owns several mines spread across South Sumatra Province, West Sumatra Province, and Riau Province. The other segment includes electricity generation, investment or holding (plantation and hospital services), transportation, and warehousing (especially for port services). It also engaged in the operation of steam power plants for internal and external needs and the provision of consulting services related to the coal mining industry as well as its derivative products, and plantation development activities.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PTBA

Main
Market Cap.
IDR 28.26Trillion

~$1.74B USD

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

Valuation

PTBA Valuation Metrics

2,460

IDR
-2.4%

Closing Price on 2024-06-14

Price to Equity

4.93

P/E

At 4.93x P/E TTM, PTBA.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Book

1.26

P/B

At 1.26x P/B TTM, PTBA.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 0.9x).

Price to Sales

0.74

P/S

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

Valuing Bukit Asam 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 Bukit Asam Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
8.76x
Price/Forward Earnings
6.81x
Enterprise Value/Revenue
0.65x
Enterprise Value/EBITDA
3.05x
PEG Ratio
-0.15x

Analyst Ratings

40
60
80
0
100

45.0

Recommended

Neutral

Not Recommended

Last closing: IDR2,4602024-06-14
IDR 9,112.64

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of PTBA is IDR9,113, which is 271% higher than PTBA's last closing price of IDR2,460 (as of 2024-06-14).

Valuation Recap of PTBA 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 4.93x is below the ID market average of 8.07x and is trading at a discount to peers in the Oil, Gas & Coal sector (7.01x).

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 1.26x is similar to the peers average of 0.92x in the Oil, Gas & Coal 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 0.74x is similar to the peers average of 0.88x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PTBA's valuation relative to its current sales and future earnings growth. PTBA trades at a Forward P/E ratio of 6.81x, 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. PTBA's P/CF ratio of 8.76x 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. PTBA's EV/R ratio of 0.65x is considered extremely underpriced by the market The average EV/R ratio for the Oil, Gas & Coal sector is 1.18x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of PTBA is IDR 9,112.64, which is 271% higher than PTBA's last closing price of IDR 2,460.00.

Peers

PTBA 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 Tbk578.27T45.36T 51.05T 15.92T 36.3217.39
DSSADian Swastatika Sentosa Tbk129.48T47.45T 77.68T 6.60T 19.616.04
CUANPT Petrindo Jaya Kreasi Tbk91.90T18.56T 2.56T 0.67T 138.1940.60
ADROAdaro Energy Indonesia Tbk85.85T166.36T 94.74T 24.11T 3.560.76
ADMRPT Adaro Minerals Indonesia Tbk53.35T28.33T 17.40T 7.33T 7.283.08
GEMSGolden Energy Mines Tbk41.98T21.54T 43.09T 7.17T 5.863.20
TCPIPT Transcoal Pacific Tbk.35.88T3.80T 1.87T 0.19T 189.5817.80
PGASPT Perusahaan Gas Negara Tbk.34.42T106.94T 56.76T 4.88T 7.060.77
MEDCPT Medco Energi Internasional Tbk31.53T120.36T 25.84T 3.62T 8.701.04
PTBABukit Asam Tbk28.26T38.42T 37.94T 5.73T 4.931.26
Competitiveness Recap of PTBA stock
WeightNotesScore
High
At a market cap of IDR 28,258.51 billion, PTBA.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.

High
At a PE of 4.93, PTBA.JK ranks 9 out of 10 companies in the Energy sector for P/E value. The average PE is 42.11 (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. (189.58) in the Energy sector.

Medium
At a PE of 4.93, PTBA.JK is trading at a lower PE than that of its subsector peers in Oil, Gas & Coal (median of 7.01). 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 37.94 trillion, PTBA.JK ranks 6 in Revenue out of 10 companies in the Energy sector.

Medium
At a profit of IDR 5.73 trillion, PTBA.JK ranks 6 in Profit out of 10 companies in the Energy sector.

Future

Future Growth of PTBA

Growth Forecasts

PTBA 2024 Revenue Growth
-7.4%
PTBA 2025 Revenue Growth
-9.1%
PTBA 2024 EPS Growth
-19.7%
PTBA 2025 EPS Growth
-32.1%
Sector Revenue Growth
-9.9%
Oil, Gas & Coal
Indonesia Market Growth
+13.1%
IDX overall growth
Oil, Gas & Coal Sector Revenue Growth '24
-7.3%
Oil, Gas & Coal Sector Revenue Growth '25
+0.8%
Energy Sector Revenue Growth '24
-7.3%
Energy Sector Revenue Growth '25
+0.8%

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.91% against the IDX average of +13.1%.

Oil, Gas & Coal sector overview

PTBA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of PTBA
WeightNotesScore
High
PTBA's projected growth rate of -9.91% is below the ID market average of 13.14%.

High
The Oil, Gas & Coal sub-sector is projected to grow revenue by 0.81% in 2025. This number is higher than the previous year 2024's growth rate of -7.27%. false

Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -8.53% in 2025. This number is higher than the previous year 2024's EPS growth of -16.38%. false

Medium
PTBA 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 2025. Specifically, earnings are projected to decrease by -8.53% in 2025 while revenue growth is projected to increase by 0.81%. These macroeconomic trends will likely be a tailwind for PTBA's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Arsal Ismali15.2 years
Farida Thamrin
Director
Rafli Yandra
Director
Suherman
Director
Suhedi
Director
NamePositionShares%
Arsal IsmailDirector304,900< 0.01
SuhermanDirector100,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

PTBA Ownership

NameNumber of SharesOwnership (%)Value
Pt Mineral Industri Indonesia (Persero)7,595,650,69565.9318,685.30B
Public (Scripless)3,746,248,75032.529,215.77B
Public (Scrip)144,905,0001.26356.47B
Treasury Stock33,449,9000.2982.29B

Largest Institutional Buy

No data is available for PTBA at the moment.

Largest Institutional Sell

Bankinter Gestión de Activos SGIIC
Sold 31-12-2023
-29,429,142 shares
Causeway Capital Management LLC
Sold 31-12-2023
-28,508,000 shares
Samsung Asset Management Co Ltd
Sold 31-12-2023
-25,946,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of PTBA stock

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