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PT Indo Tambangraya Megah Tbk (PTIZF)

NEUTRAL
EnergyThermal CoalIndonesia

Fondamental

52

Prix

$25400.00

Capitalisation boursière

$28.32T

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

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.

Comment l'entreprise gagne de l'argent

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.

Avantage concurrentiel

Aucun avantage identifié · Aucun

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.

Ce qui stimule la demande

Cyclique

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.

Les arguments en faveur

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.

Les arguments contre

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 août 2026

Direct competitors

Who this company fights with for the same customers

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Bilan & Liquidités

Chiffre d'affaires

$1.90B

12 derniers mois (au 31/03/2026)

Résultat net

$181M

12 derniers mois (au 31/03/2026)

Flux de trésorerie libre

$203M

Capitaux propres totaux

$1.92B

Passif total

$99M

Ratio de liquidité général

3.46

Couverture des intérêts

-

Dette/EBITDA

0.34

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Sous-évalué

Juste valeur

$40426.05

Prix actuel

$25400.00

Marge de sécurité

+37.2%

Fourchette de juste valeur

$26276.93 - $54575.16

Méthodes d'estimation

Analyst Target:$27608.29
DCF:$9.11
PE-based:$17850.55
Graham Growth:$174356.58
EPV:$2.32
Consensus des analystes:Acheter (11B / 5H / 1S)
Dernière surprise sur les résultats:+74.83%

Indicateurs de valorisation

Ratio P/E

7.50

ROE

11.1%

Ratio P/B

14741.73

P/FCF

139358.18

Marge brute

27.2%

ROIC

9.8%

Radar de rentabilité

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.

Critères d'analyse fondamentale

Réussi (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

Échoué (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

Indisponible (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)

Score F de Piotroski

1/9

Préoccupations financières sérieuses

score
criteria

Qualité des bénéfices

0.35

Qualité faible : examiner la comptabilité

Dilution du capital

-

Rachat d'actions. Favorable aux actionnaires

Gouvernance

Équipe dirigeante

NomTitreÂge
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-

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

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