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PT Indo Tambangraya Megah Tbk (PTIZF)

NEUTRAL
EnergyThermal CoalIndonesia

Fundamental

52

Kurs

$25400.00

Marktkapitalisierung

$28.32T

Teil 1 · Was das Unternehmen wert ist

Übersicht

PT Indo Tambangraya Megah mines thermal coal in East Kalimantan, Indonesia, primarily for use as fuel in coal-fired power plants. Coal is extracted at open-pit mines, several run through subsidiaries and mining-contractor partnerships, then transported and sold both to power utilities within Indonesia and, for a larger share, exported to buyers across Asia, with China historically its largest single export market. The company also offers mining-contractor services to other operators and has begun smaller ventures in solar-rooftop installation and electricity generation.

Wie das Geld verdient wird

Revenue is production volume multiplied by the price coal fetches on international markets, which move with Asian power-generation demand and competing fuel prices. Indonesian regulation requires miners to sell a minimum share of output domestically at a government-set price below export levels, so the domestic-versus-export mix affects average realized prices as well as volume. 2025 revenue fell 18% from 2024 as coal prices declined, illustrating how directly the business tracks the commodity cycle rather than any pricing power of its own.

Wettbewerbsvorteil

Kein erkennbarer Vorteil · Keiner

Thermal coal is a commodity priced on global markets, and Indo Tambangraya's mines compete against many other Indonesian and international producers with similar geology and costs. Indonesia's domestic-market-obligation rule applies to all producers equally rather than favoring this company specifically, and no patented technology, brand or contractual lock-in was found protecting its position.

Was die Nachfrage antreibt

Zyklisch

Revenue tracks global thermal coal prices and Asian power-generation demand, both of which swing with economic growth, weather-driven electricity use, and the pace at which importing countries build renewable or gas-fired alternatives to coal plants. The 18% revenue decline in 2025 as coal prices fell shows how directly results follow the commodity cycle rather than steady, planned demand.

Die Argumente dafür

Buyers argue that Asian coal-fired power generation, particularly in China and other developing economies, will remain a major source of electricity demand for years, and that Indo Tambangraya's established Kalimantan mines and export relationships position it to keep supplying that demand at competitive cost.

Die Argumente dagegen

Sellers worry that 2025's 18% revenue decline shows the business has no protection from falling coal prices, that the global shift toward renewable energy threatens long-run demand for thermal coal, and that Indonesia's domestic-market-obligation rules can reduce the export volume available at the higher price when international demand is strong.

Written by the editors, published on 18. August 2026

Direct competitors

Who this company fights with for the same customers

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Bilanz & Liquidität

Umsatz

$1.90B

Letzte 12 Monate (bis 31.3.2026)

Nettogewinn

$181M

Letzte 12 Monate (bis 31.3.2026)

Freier Cashflow

$203M

Gesamtes Eigenkapital

$1.92B

Gesamtverbindlichkeiten

$99M

Current Ratio

3.46

Zinsdeckungsgrad

-

Schulden/EBITDA

0.34

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Unterbewertet

Innerer Wert

$40426.05

Aktueller Kurs

$25400.00

Sicherheitsmarge

+37.2%

Innerer-Wert-Spanne

$26276.93 - $54575.16

Bewertungsmethoden

Analyst Target:$27608.29
DCF:$9.11
PE-based:$17850.55
Graham Growth:$174356.58
EPV:$2.32
Analystenkonsens:Kaufen (11B / 5H / 1S)
Letzte Gewinnüberraschung:+74.83%

Bewertungskennzahlen

P/E-Verhältnis

7.50

ROE

11.1%

P/B-Verhältnis

14741.73

P/FCF

139358.18

Bruttomarge

27.2%

ROIC

9.8%

Rentabilitäts-Radar

Value Creation (Economic Moat)

ROIC

9.8%

WACC

8.0%

ROIC − WACC

+1.8 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamentalanalyse-Kriterien

Bestanden (11)

  • Price CAGR 5.33%
  • ROIC 9.8%
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • ROE 9.5%
  • Revenue Growth 5Y 9.7%
  • Analyst Consensus 65% Buy
  • Earnings Surprise avg 20.8%
  • PEG Ratio 0.24

Nicht bestanden (8)

  • Gross Margin 27.2%
  • P/FCF 139358.18
  • P/B Ratio 14741.73
  • CapEx intensity
  • DCF valuation (Overvalued)
  • Earnings Quality (OCF/NI) 0.35
  • Net Margin Trend 10.2% vs 16.2%
  • Piotroski F-Score 1/9

Nicht verfügbar (8)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • Share Dilution (missing shares data)

Piotroski F-Score

1/9

Ernsthafte finanzielle Bedenken

score
criteria

Gewinnqualität

0.35

Niedrige Qualität: Rechnungslegung prüfen

Aktienverwässerung

-

Aktienrückkäufe. Aktionärsfreundlich

Unternehmensführung

Führungsteam

NamePositionAlter
Mr. Mulianto .President Director55
Mr. Junius Prakasa DarmawanDirector of Finance & Director46
. AnthonyHead of Financial Accounting-
Mr. Yulius Kurniawan GozaliDirector of Corporate Communications & Investor Relations and Director52
Ms. Monika Ida KrisnamurtiHead of Legal & Corporate Secretary42
Tulus Sebastian SitumeangHead of Sales Compliance & Quality Management-
Mr. Jusnan RuslanDirector of Sales & Logistics and Director59
Mr. Stephanus Demo WawinDirector of Digital Center of Excellence & Director54
Mr. Ignatius WurwantoDirector for Sustainability & Risk Management and Director59
Era Tjahya SaputraHead of IMM Mine-

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

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