PT Indo Tambangraya Megah Tbk (PTIZF)
NEUTRALファンダメンタル
52
株価
$25400.00
時価総額
$28.32T
パート1 · 企業の価値
概要
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.
収益の仕組み
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.
競争優位性（moat）
明確な優位性なし · なし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.
需要を左右する要因
景気循環型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.
強気材料
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.
弱気材料
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 2026年8月18日
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
貸借対照表と流動性
売上高
$1.90B
直近12か月（2026/3/31まで）
純利益
$181M
直近12か月（2026/3/31まで）
フリーキャッシュフロー
$203M
自己資本合計
$1.92B
負債合計
$99M
流動比率
3.46
利払い倍率
-
負債/EBITDA
0.34
一株当たり利益（EPS）
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
負債の重さ
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$40426.05
現在株価
$25400.00
安全マージン
+37.2%
適正価値レンジ
$26276.93 - $54575.16
推定方法
バリュエーション指標
P/E レシオ
7.50
ROE
11.1%
P/B レシオ
14741.73
P/FCF
139358.18
粗利益率
27.2%
ROIC
9.8%
収益性レーダー
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.
ファンダメンタル分析基準
合格（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
不合格（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
データなし（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-スコア
重大な財務上の懸念
利益の質
低品質：会計処理を調査してください
株式希薄化
株式を買い戻している。株主に友好的
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Mr. Mulianto . | President Director | 55 |
| Mr. Junius Prakasa Darmawan | Director of Finance & Director | 46 |
| . Anthony | Head of Financial Accounting | - |
| Mr. Yulius Kurniawan Gozali | Director of Corporate Communications & Investor Relations and Director | 52 |
| Ms. Monika Ida Krisnamurti | Head of Legal & Corporate Secretary | 42 |
| Tulus Sebastian Situmeang | Head of Sales Compliance & Quality Management | - |
| Mr. Jusnan Ruslan | Director of Sales & Logistics and Director | 59 |
| Mr. Stephanus Demo Wawin | Director of Digital Center of Excellence & Director | 54 |
| Mr. Ignatius Wurwanto | Director for Sustainability & Risk Management and Director | 59 |
| Era Tjahya Saputra | Head of IMM Mine | - |
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容：テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
Latest News
Recent headlines for PTIZF, sourced from Markets Gazette.