Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
PT Darma Henwa Tbk, along with its subsidiaries, operates in Indonesia, providing essential support services to the mining sector. Their core business encompasses various excavation activities and specialized machinery maintenance. The company structures its operations into two main segments: Mining Services and Other Services. Within its Mining Services segment, the company offers a comprehensive suite of activities covering the entire mining lifecycle. This includes initial site preparation such as land clearing and topsoiling, critical extraction and processing steps like drilling, blasting, overburden removal, coal getting, coal ROM management, and various transportation services including hauling, crushing, and barging. Additionally, PT Darma Henwa provides services for environmental rehabilitation and vegetation. The company also engages in equipment rental, operating leases, and delivers broader civil engineering solutions. These civil engineering services encompass the construction of roads and bridges specifically for mining areas, installation of mining dressing plants, undertaking significant earthworks, conducting drilling exploration, and offering civil consultant management services. Furthermore, the company provides comprehensive port management services. These include the operational oversight of coal crushing and blending, efficient management of coal stockpiles at the port, and the crucial maintenance of power plants and port-specific equipment, alongside other related support functions. Established in 1991, the company was originally known as PT HWE Indonesia before officially adopting its current name, PT Darma Henwa Tbk, in September 2005. Its headquarters are located in Jakarta, Indonesia.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA, o