Tirta Mahakam Resources Tbk

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.

2468ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TIRT

Watchlist
Market Cap.
IDR 22.26Billion

~$1.37M USD

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

Valuation

TIRT Valuation Metrics

22

IDR
+10.0%

Closing Price on 2024-07-19

Price to Equity

-0.44

P/E

At -0.44x P/E TTM, TIRT.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

-0.03

P/B

At -0.03x P/B TTM, TIRT.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

1275.37

P/S

At 1275.37x 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-2.04x
Price/Forward Earnings-
Enterprise Value/Revenue49175.91x
Enterprise Value/EBITDA-16.32x
PEG Ratio0.00x
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. Unfortunately, the P/E ratio for TIRT is negative, commonly seen in companies that are still in the growth phase and have not yet turned a profit. Sometimes, negative P/E ratios can occur due to one-time write-offs or accounting adjustments that affect earnings temporarily. However, sustained negative earnings usually reflect ongoing operational losses.

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 -0.03x is below the peers average of 0.75x in the Basic Materials sector. In fact, less than 25% of its peers trade at a lower P/B ratio than TIRT.

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 1275.37x is above the peers average of 0.78x 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.

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 -2.04x 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. TIRT's EV/R ratio of 49175.91x is considered a relatively high ratio. The average EV/R ratio for the Basic Materials sector is 1.12x.

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
TPIAPT Chandra Asri Pacific Tbk819.70T85.40T 32.94T -1.18T -697.2019.04
AMMNPT Amman Mineral Internasional Tbk.815.83T156.74T 23.23T 4.99T 163.6110.99
BRPTBarito Pacific Tbk101.21T159.72T 42.22T 0.17T 584.883.73
MBMAPT Merdeka Battery Materials Tbk66.96T52.49T 16.68T 0.14T 489.882.74
NCKLPT Trimegah Bangun Persada Tbk.58.68T48.39T 19.65T 3.88T 15.142.36
MDKAPT Merdeka Copper Gold Tbk.57.11T78.26T 31.60T -0.59T -97.013.74
INKPIndah Kiat Pulp & Paper Tbk46.50T164.67T 49.97T 6.33T 7.340.48
INCOVale Indonesia Tbk40.37T45.32T 19.09T 4.25T 9.501.02
ANTMAneka Tambang Tbk.33.04T41.21T 38.08T 1.65T 19.991.07
TKIMPabrik Kertas Tjiwi Kimia Tbk25.61T58.20T 16.32T 4.16T 6.150.65
Competitiveness Recap of TIRT stock
WeightNotesScore
High
At a market cap of IDR 22.26 billion, TIRT.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of -0.44, TIRT.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 49.57 (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 (584.88) in the Basic Materials sector.

Medium
At a PE of -0.44, TIRT.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 7.87). 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 0.00 trillion, TIRT.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of -IDR 0.05 trillion, TIRT.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of TIRT

Growth Forecasts

Analyst Ratings

Based on ratings from 12 analysts for TIRT over the past 3 months.

Strong Buy

Strong Buy

66.7%

Buy

16.7%

Hold

8.3%

Sell

0.0%

Strong Sell

8.3%

Last Update: 2024-06-28

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 16.97% against the IDX average of +13.8%.

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 16.97% is above the ID market average of 13.82%.

High
The Basic Materials sub-sector is projected to grow revenue by 18.57% in 2025. This number is higher than the previous year 2024's growth rate of 14.72%. This bodes well for TIRT's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -161.49% in 2025. This number is lower than the previous year 2024's EPS growth of -94.01%. false

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 2025. Specifically, earnings are projected to decrease by -161.49% in 2025 while revenue growth is projected to increase by 18.57%. These macroeconomic trends will likely be a headwind for TIRT's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of TIRT

Oscillators

Buy

Sell

0

Neutral

8

Buy

3

Summary

Buy

Sell

4

Neutral

9

Buy

13

Moving Averages

Buy

Sell

4

Neutral

1

Buy

10

Summary

Technical Ratings of TIRT
IndicatorSummarySellNeutralBuy
SummaryBuy4913
OscillatorsBuy083
Moving AveragesBuy4110

Last Update: 2024-07-19

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Management

Executive Management

President Director

Djohan Surja Putra15.2 years
Pohan Wijaya PoDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for TIRT at the moment.

Ownership

TIRT Ownership

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

TIRT Filings

No noteworthy filings to report on

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