Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
PT Tirta Mahakam Resources Tbk is an Indonesian company primarily engaged in the manufacturing and distribution of plywood and various associated timber products. Its comprehensive product portfolio encompasses floorbase materials, general plywood, specialized concrete and structure panels, barecore, blockboard, as well as polyester plywood and blockboard variations. While serving the domestic Indonesian market, the company also maintains an international presence, exporting its goods to global destinations including Japan, India, and Taiwan. Established in 1981, the enterprise originally operated under the name PT Tirta Mahakam Plywood Industry. Its corporate headquarters are located in Jakarta Selatan, Indonesia. PT Tirta Mahakam Resources Tbk functions as a subsidiary of PT Harita Jayaraya.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. Specifically, the stock is overvalued on EV/EBITDA.