Risk factor
Meaningful price volatility
Profitability factor
Favourable analyst view
About
PT Medco Energi Internasional Tbk operates as a comprehensive energy and natural resources enterprise, with its primary focus on the exploration and extraction of oil and gas. Domestically, the company manages an extensive portfolio in Indonesia, comprising 11 exploration and production blocks, a single development block, and four exploration blocks situated across key regions such as Natuna, Sumatra, Kalimantan, Java, and Sulawesi. On the international front, it maintains oil and gas interests in Vietnam, Thailand, Oman, Libya, Yemen, Malaysia, Mexico, and Tanzania. Beyond its core hydrocarbon operations, Medco Energi diversifies its activities into power generation and copper and gold mining on Sumbawa Island, Nusa Tenggara. Furthermore, it oversees infrastructure assets, including a compression station equipped with three gas compressors and ten pipeline facilities located in Gunung Megang, South Sumatra. The company, which originated in 1980 and is headquartered in Jakarta, Indonesia, changed its name from PT Medco Energi Corporation to its current form in 2000. It functions as a subsidiary of PT Medco Daya Abadi Lestari.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITDA,
Target Price
The average target price of MEDC.JK is 2264 and suggests 53.5% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i