PT Timah Tbk.

tins

+4.17%

Overview

TINS Overview

PT TIMAH Tbk is an Indonesia-based company, which is engaged in the business of mining, industry, trading, transportation and services related to the mining business. It operates through five segments. The tin mining segment consists of its operations, which is involved in tin mining and smelting. The industry segment consists of its subsidiary, PT Timah Industri, which is involved in tin chemical and tin solder production. The construction segment consists of its subsidiary, PT Dok dan Perkapalan Air Kantung, which is involved in workshop, construction and shipping dockyard services. The coal mining segment is primarily from the operations of PT Tanjung Alam Jaya, which is involved in coal mining and trading. The other segment is primarily from the trading of real estate, nickel sales, and reclamation services. The operation of PT Timah Karya Persada Properti, PT Timah Investasi Mineral and PT Timah Agro Manunggal are in properties, nickel mining and reclamation services respectively.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TINS

Main
Market Cap.
IDR 7.45Trillion

~$465.44M USD

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

Valuation

TINS Valuation Metrics

1,000

IDR
+4.2%

Closing Price on 2024-04-18

Price to Equity

-16.56

P/E

At -16.56x P/E TTM, TINS.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

1.19

P/B

At 1.19x P/B TTM, TINS.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

0.89

P/S

At 0.89x P/S TTM, TINS.JK is trading in line with its peers in the Basic Materials sector.

Valuing PT Timah 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 PT Timah Tbk. relative to other stocks in the Basic Materials sector

Price/Cash Flow
10.92x
Price/Forward Earnings
27.32x
Enterprise Value/Revenue
1.14x
Enterprise Value/EBITDA
-46.47x
PEG Ratio
0.06x

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,0002024-04-18
IDR 93.64

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TINS is IDR94, which is 90% lower than TINS's last closing price of IDR1,000 (as of 2024-04-18).

Valuation Recap of TINS 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 -16.56x 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 TINS.

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 1.19x 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 0.89x is similar to 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 TINS's valuation relative to its current sales and future earnings growth. TINS trades at a Forward P/E ratio of 27.32x, which is considered richly valued 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. TINS's P/CF ratio of 10.92x is considered a relatively high ratio 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. TINS's EV/R ratio of 1.14x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.14x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TINS is IDR 93.64, which is 90% lower than TINS's last closing price of IDR 1,000.00.

Peers

TINS 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 TINS stock
WeightNotesScore
High
At a market cap of IDR 7,447.75 billion, TINS.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of -16.56, TINS.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -38.36 (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 -16.56, TINS.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 8.39 trillion, TINS.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of -IDR 0.45 trillion, TINS.JK ranks 9 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of TINS

Growth Forecasts

TINS 2024 Revenue Growth
+5.2%
TINS 2024 EPS Growth
-107.5%
Sector Revenue Growth
+5.0%
Basic Materials
Indonesia Market Growth
+7.6%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+93.4%
Basic Materials Sector Revenue Growth '24
+93.4%

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

TINS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of TINS
WeightNotesScore
High
TINS'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 TINS'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 TINS's earnings growth prospects in the next 2 years.

Medium
TINS 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 TINS's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Ahmad Dani Virsal15.2 years
Fina Eliani
Director
Nur Adi Kuncoro
Director
Koko Wigyantoro
Director
Tigor Pangaribuan
Director
NamePositionShares%
No data is available for TINS at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

TINS Ownership

Others
23.33%
Insiders
71.78%
Institutions
4.89%
NameNumber of SharesOwnership (%)Value
Pt Mineral Industri Indonesia (Persero)4,841,053,951654,841.05B
Public (Scripless)2,603,772,37434.962,603.77B
Public (Scrip)2,927,1280.042.93B

Largest Institutional Buy

Fisher Investments CA
Bought 31-01-2024
+1,090,400 shares
Advanced Series Trust
Bought 31-01-2024
+162,800 shares
Vanguard Investments Australia Ltd
Bought 31-01-2024
+455 shares

Largest Institutional Sell

WisdomTree Asset Management Inc
Sold 31-01-2024
-17,327,300 shares
State Street Global Advisors
Sold 31-01-2024
-14,558,489 shares
PT Eastspring Investment Indonesia
Sold 31-01-2024
-8,349,035 shares

Institutional Transactions

Tracking institutional transactions buying / selling of TINS stock