Tirta Mahakam Resources Tbk

tirt

Overview

TIRT Overview

PT Tirta Mahakam Resources Tbk is an Indonesia-based company, which is engaged in manufacturing and selling of plywood and related wood products. The Company’s products include Polyester Plywood, Blockboard Polyester, Bare Core, General Panel and Blockboard. The Company produces type of plywood that can be used housing material products, wall paneling, door materials, roofs and other. This type of plywood is known as general panel, and it is able to produce various size ranging from 3-30 millimeters (mm) in thickness with a visually and technically. Polyester Blockboard is a product made from advanced process blockboard with treatment layup by polyester resin on the two-side face. It makes plywood mainly used for raw material of flooring product, which known as Floor Base Plywood. The Company's factories are located in Desa Bukuan, Samarinda and East Kalimantan.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TIRT

Watchlist
Market Cap.
IDR 24.22Billion

~$1.54M USD

Industry
Forestry & Paper
Sub-Industry
Timber
Sector
Basic Materials
Sub-Sector

Valuation

TIRT Valuation Metrics

22

IDR

Closing Price on 2024-04-05

Price to Equity

-0.54

P/E

At -0.54x P/E TTM, TIRT.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

-0.04

P/B

At -0.04x P/B TTM, TIRT.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

255.85

P/S

At 255.85x P/S TTM, TIRT.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
-1.65x
Price/Forward Earnings
-
Enterprise Value/Revenue
9074.95x
Enterprise Value/EBITDA
-20.94x
PEG Ratio
0.17x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of TIRT 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 -0.54x is below the ID market average of 8.22x and is trading at a discount to peers in the Basic Materials sector (8.22x). ●●
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 -0.04x is below the peers average of 0.89x in the Basic Materials sector. In fact, less than 25% of its peers trade at a lower P/B ratio than TIRT.●●●
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 255.85x is above the peers average of 0.76x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TIRT's valuation relative to its current sales and future earnings growth.
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. TIRT's P/CF ratio of -1.65x 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. TIRT's EV/R ratio of 9074.95x is considered a relatively high ratio The average EV/R ratio for the Basic Materials sector is 1.07x.
Max 3

Peers

TIRT 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.649.04T127.21T 0.00T 0.00T 9.75
TPIAPT Chandra Asri Petrochemical Tbk614.23T77.45T 32.03T -0.92T -667.5114.37
BRPTBarito Pacific Tbk94.03T146.77T 41.15T 0.38T 244.683.78
MDKAPT Merdeka Copper Gold Tbk.63.00T72.67T 21.67T -0.52T -122.324.38
MBMAPT Merdeka Battery Materials Tbk62.64T0.00T 0.00T 0.00T
NCKLPT Trimegah Bangun Persada Tbk.56.79T45.09T 8.99T 2.04T 27.892.56
INKPIndah Kiat Pulp & Paper Tbk52.38T155.79T 56.29T 8.11T 6.460.57
ANTMAneka Tambang Tbk.41.01T35.50T 43.15T 4.04T 10.141.67
INCOVale Indonesia Tbk40.74T44.35T 18.96T 3.84T 10.601.05
TKIMPabrik Kertas Tjiwi Kimia Tbk24.41T56.32T 16.33T 3.88T 6.290.67
Competitiveness Recap of TIRT stock
WeightNotesScore
High
At a market cap of IDR 24.22 billion, TIRT.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of -0.54, TIRT.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -49.06 (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 Barito Pacific Tbk (244.68) in the Basic Materials sector.
Max 2
Medium
At a PE of -0.54, TIRT.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 8.22). 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 0.00 trillion, TIRT.JK ranks 8 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of -IDR 0.04 trillion, TIRT.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of TIRT

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 1.84% against the IDX average of +12.0%.

Basic Materials sector overview
No data is available for TIRT at the moment.
Future growth prospect of TIRT
WeightNotesScore
High
TIRT's projected growth rate of 1.84% is below the ID market average of 11.98%.●●●
Max 3
High
The Basic Materials sub-sector is projected to grow revenue by 19.16% in 2024. This number is higher than the previous year 2023's growth rate of 1.18%. This bodes well for TIRT's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Basic Materials sub-sector is projected to decrease earnings by -97.81% in 2024. This number is higher than the previous year 2023's EPS growth of -104.18%. false
Max 3
Medium
TIRT 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 challenging year heading into 2024. Specifically, earnings are projected to decrease by -97.81% in 2024 while revenue growth is projected to increase by 19.16%. These macroeconomic trends will likely be a tailwind for TIRT's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Djohan Surja Putra15.2 years
Pohan Wijaya Po
Director
NamePositionShares%
No data is available for TIRT at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

TIRT Ownership

Others
21.67%
Insiders
78.33%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Harita Jayaraya790,226,51078.117.38B
Public (Scripless)219,274,89621.684.82B
Public (Scrip)2,273,3440.220.05B
No data is available for TIRT at the moment.