Risk factor
Very vulnerable to price shocks
Profitability factor
Greatly undervalued vs peers
About
PT Indo Tambangraya Megah Tbk, alongside its subsidiaries, focuses on coal extraction. The company manages seven mining concessions located across East, Central, and South Kalimantan. In addition to its core mining activities, it owns and operates crucial infrastructure such as the Bontang Coal Terminal, three loading ports, and the Bontang power plant. The firm also offers a range of services including mining support, trading of coal and fuel, fuel distribution, coal logistics, and marketing alternative energy solutions, which extends to renewable power generation. Its coal output is mainly distributed to markets in Indonesia, India, Pakistan, Taiwan, China, Hong Kong, Korea, Japan, Europe, Australia, and Oceania. Founded in 1987, the company's headquarters are located in South Jakarta, Indonesia, and it operates as a subsidiary of Banpu Minerals (Singapore) Pte. Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD
Target Price
The average target price of ITMG.JK is 28058 and suggests 13% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendat