Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Ancora Indonesia Resources Tbk, along with its various subsidiaries, is a prominent player in Indonesia's explosives sector. The company specializes in both the production and distribution of critical explosive compounds, specifically ammonium nitrate and nitric acid, which are vital for operations in coal and mineral mining, civil engineering (public works), and the cement manufacturing industry. Additionally, it supplies a range of accessories pertinent to explosive applications. Beyond explosives, its service portfolio is diverse, encompassing drilling and work-over services for oil wells, professional blasting operations, comprehensive mining support, and logistics through shipping services. Established in 2003 and headquartered in Jakarta, Indonesia, the company was formerly known as PT TD Resources, Tbk, rebranding to its current name in December 2008. It functions as a subsidiary under the ownership of PT Multi Berkat Energi.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. In particular, the stock is 'cheap' on EV/EBITDA, underv