View ValuationBayan Resources 将来の成長Future 基準チェック /06現在、 Bayan Resourcesの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Oil and Gas 収益成長50.0%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 05PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026.New Risk • Jan 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change).Board Change • Dec 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent President Commissioner Hendarman Soepanji was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 20PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025.Board Change • Dec 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent Commissioner Timur Pradopo was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.10, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 33x in the Oil and Gas industry in Germany. Total returns to shareholders of 730% over the past three years.お知らせ • Sep 04PT Bayan Resources Tbk. (IDX:BYAN) and PT Bayan Energy entered into the Share Purchase Agreement to acquire Pt Enggang Alam Sawita from PT Berau Utama BerkatSetia for approximately IDR 110 billion.PT Bayan Resources Tbk. (IDX:BYAN) and PT Bayan Energy entered into the Share Purchase Agreement to acquire Pt Enggang Alam Sawita from PT Berau Utama BerkatSetia for approximately IDR 110 billion on August 30, 2024. A cash consideration of IDR 105.15 billion will be paid by the buyer. For the period ended December 31, 2023 Pt Enggang Alam Sawita reported revenue of IDR 25 billion and net loss of IDR 9.8 billion.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €1.02, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 34x in the Oil and Gas industry in Germany. Total returns to shareholders of 1,467% over the past three years.お知らせ • May 22PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024.Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.013 in 1Q 2023)First quarter 2024 results: EPS: US$0.01 (down from US$0.013 in 1Q 2023). Revenue: US$769.1m (down 27% from 1Q 2023). Net income: US$210.6m (down 50% from 1Q 2023). Profit margin: 27% (down from 40% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 138% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.04 (vs US$0.065 in FY 2022)Full year 2023 results: EPS: US$0.04 (down from US$0.065 in FY 2022). Revenue: US$3.58b (down 24% from FY 2022). Net income: US$1.24b (down 43% from FY 2022). Profit margin: 35% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 151% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Dec 11Upcoming dividend of US$0.015 per share at 3.6% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 05 January 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.0%).Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: US$0.01 (vs US$0.02 in 3Q 2022)Third quarter 2023 results: EPS: US$0.01 (down from US$0.02 in 3Q 2022). Revenue: US$717.9m (down 47% from 3Q 2022). Net income: US$186.7m (down 72% from 3Q 2022). Profit margin: 26% (down from 49% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Nov 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Aug 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% Dividend yield: 3.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% High level of non-cash earnings (27% accrual ratio).Reported Earnings • Jul 31Second quarter 2023 earnings released: EPS: US$0.008 (vs US$0.018 in 2Q 2022)Second quarter 2023 results: EPS: US$0.008 (down from US$0.018 in 2Q 2022). Revenue: US$990.2m (down 19% from 2Q 2022). Net income: US$304.9m (down 49% from 2Q 2022). Profit margin: 31% (down from 49% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €1.15, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 10x in the Oil and Gas industry in Germany. Total returns to shareholders of 2,059% over the past three years.New Risk • Jul 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.44, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 7x in the Oil and Gas industry in Germany. Total returns to shareholders of 2,031% over the past three years.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.44, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 7x in the Oil and Gas industry in Germany. Total returns to shareholders of 2,031% over the past three years.Reported Earnings • Mar 11Full year 2022 earnings released: EPS: US$0.07 (vs US$0.036 in FY 2021)Full year 2022 results: EPS: US$0.07 (up from US$0.036 in FY 2021). Revenue: US$4.70b (up 65% from FY 2021). Net income: US$2.18b (up 80% from FY 2021). Profit margin: 46% (up from 43% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 15White Energy Company Limited Announces Singapore Court of Appeal Delivers JudgementWhite Energy Company Limited refers to its previous announcements in relation to the proceedings brought by its subsidiaries, BCBC Singapore Pte Ltd. ("BCBCS") and Binderless Coal Briquetting Company Pty Limited against PT Bayan Resources Tbk ("BR") and Bayan International Pte Ltd. (collectively, "Bayan") in connection with the KSC joint venture. As shareholders are aware, BCBCS filed an appeal in the Singapore Court of Appeal (the "Court") in order to appeal certain of the findings made by the Singapore International Commercial Court in tranche 3 of the proceedings, which was heard by the Court in October 2022. The Court delivered its judgement on 10 February and has dismissed the appeal. The Court held that Bayan would have been able to call upon its shareholder loans as an unpaid creditor to bring the joint venture to an end, even in circumstances where it had clearly breached the agreement. The Court noted that BCBCS was successful in the first and second tranches of the proceedings, in establishing that Bayan acted in breach of its coal supply obligations under the joint venture deed. The Court found that BCBCS was not able to prove that it suffered substantial damages as a consequence. The Court further found that this did not detract from BCBCS' success in establishing BR's liability for breach of contract and the Court awarded BCBCS $1,000 in nominal damages. The Company is disappointed with the outcome of the appeal and that Bayan has not been held to account for its breaches of contract and that BCBCS has not been properly compensated for such breaches. The coal supply contract required Bayan to supply the 35% moisture coal to the joint venture plant at $8.60 per tonne. The coal would then be upgraded from 4200 Kcal to 6100 Kcals /kg. Such coal was recently selling for in excess of $200 per tonne. BCBCS estimates that it would have made upwards of $88 million from its share of the joint venture. When Bayan entered into the joint venture in 2006 it was nearly impossible to export 35% moisture coal, however by 2011 China, South Korea and India were leading the way in purchasing high moisture Indonesian coal due to the expanding demand for thermal coal. The capital invested in the project was substantial, with BCBCS contributing over $100 million and Bayan contributing $40 million, by way of shareholder loans instead of equity from both parties, which is not uncommon and which are normally rolled over or partially rolled over if the parties are not in a position to repay them. The market took off in 2019/20 and both parties would have enjoyed substantial returns from the project, however, the Court accepted Bayan's argument that when the shareholder loans were due to start to be repaid in June 2012, Bayan would have called in their $40 million loans and exercised their right as an unpaid creditor to bring the joint venture to an end. Of course, the project didn't even get to that point in June 2012 because Bayan stopped coal supply in 2011. By breaching the contract, Bayan could then enjoy the proceeds from 100% of the 1.5 million tonne coal supply instead of 49%. The outcome has ignored the ability and willingness of BCBCS to repay Bayan's loans using the ample funds it could have earned from its share of the joint venture and the funding support from WEC in furtherance of what was an important formative BCB project. Bayan's financial statements show that they have made substantial profit from their sales of this high moisture coal. In fact, over the last few years, they have paid down borrowings of US$395 million and paid dividends of $1,424 million. The outcome has ignored the significant sums invested by BCBCS which were rendered futile due to Bayan's breaches of the agreement. Due to the breaches, the plant and power station were stranded in a remote part of Indonesia and were vandalized. The Company considers that the damage it suffered as a result of Bayan's repudiation of the agreement was undoubtedly significant and that the award of S$1,000 in damages clearly does not recognise the substantial losses suffered by the Company. BCBCS' application for leave to appeal the costs order made by the SICC in relation to the costs of the trial remains to be determined by the Court. The Court has directed that BCBCS file further submissions by 17 February and for Bayan to file its response by 24 February. The Company will provide further updates to shareholders in due course.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 37% share price gain to €1.05, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 11x in the Oil and Gas industry in Germany. Total returns to shareholders of 1,454% over the past three years.Upcoming Dividend • Dec 13Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.1%).Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 19% share price gain to €5.15, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 14x in the Oil and Gas industry in Germany. Total returns to shareholders of 602% over the past three years.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.094 in 3Q 2021)Third quarter 2022 results: EPS: US$0.20 (up from US$0.094 in 3Q 2021). Revenue: US$1.34b (up 85% from 3Q 2021). Net income: US$656.7m (up 110% from 3Q 2021). Profit margin: 49% (up from 43% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 14Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.051 in 2Q 2021)Second quarter 2022 results: EPS: US$0.18 (up from US$0.051 in 2Q 2021). Revenue: US$1.22b (up 134% from 2Q 2021). Net income: US$602.2m (up 252% from 2Q 2021). Profit margin: 49% (up from 33% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €3.96, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Oil and Gas industry in Germany. Total returns to shareholders of 390% over the past three years.Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to €4.56, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 14x in the Oil and Gas industry in Germany. Total returns to shareholders of 419% over the past three years.Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to €4.02, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Oil and Gas industry in Germany. Total returns to shareholders of 425% over the past three years.Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.05 in 1Q 2021)First quarter 2022 results: EPS: US$0.11 (up from US$0.05 in 1Q 2021). Revenue: US$783.8m (up 56% from 1Q 2021). Net income: US$368.6m (up 122% from 1Q 2021). Profit margin: 47% (up from 33% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: US$0.36 (vs US$0.099 in FY 2020)Full year 2021 results: EPS: US$0.36 (up from US$0.099 in FY 2020). Revenue: US$2.85b (up 104% from FY 2020). Net income: US$1.21b (up 269% from FY 2020). Profit margin: 43% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 39% per year.Buying Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock is up 64%. The fair value is estimated to be €3.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 19%.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improved over the past weekAfter last week's 20% share price gain to €2.76, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 11x in the Oil and Gas industry in Germany. Total returns to shareholders of 203% over the past three years.お知らせ • Feb 08White Energy Company Limited Announces Judgement Against PT Bayan Resources Tbk and Bayan International Pte LtdWhite Energy Company Limited (White Energy or the company) refers to its previous announcements in relation to the proceedings brought by its subsidiaries, BCBC Singapore Pte Ltd. (BCBCS) and Binderless Coal Briquetting Company Pty Limited against PT Bayan Resources Tbk ("BR") and Bayan International Pte Ltd. (collectively, "Bayan") in connection with the KSC joint venture. As shareholders would be aware, the Court in the first two tranches of the proceedings and subsequent appeals conclusively determined that Bayan had both breached and repudiated the joint venture. The trial for the third tranche of the proceedings concluded in January 2021 with the only issues remaining to be determined by the SICC in the third tranche relating to the damages which may be payable to BCBCS. BCBCS' claim for damages comprised of the following: (i) BCBCS claimed approximately USD 91 million in wasted expenditure, being expenses incurred by BCBCS which were rendered futile by reason of BR's breach and repudiation of the joint venture. (ii) Further, BCBCS claimed for loss of the chance of expanding the capacity of the joint venture to at least 3 million tonnes per annum estimated at around USD 23 million to USD 30 million. (iii) Interest on any damages award and costs. The Singapore International Commercial Court ("SICC") 7 February 2022 evening released its decision in relation to the third tranche of the proceedings. The SICC found in favour of BCBCS on the majority of the issues for determination. The SICC found in BCBCS' favour on all of the preliminary legal issues including in relation to remoteness and reflective loss. The SICC also concluded that the technology underlying the BCB process would have worked and that the Tabang Plant would have achieved nameplate capacity of 1mtpa by June 2012, and that the upgraded coal produced at Tabang would have been a saleable product. Notwithstanding this, the SICC has surprisingly dismissed BCBCS' claim for damages for wasted expenditure. The SICC concluded that Bayan would have been able to take steps to put KSC into liquidation, thereby bringing the joint venture to and end before the joint venture had sufficient cash flows from which BCBCS could recoup its wasted expenditure. In relation to BCBCS' claim for loss of chance to expand the project, the SICC took the view that there did not exist a real and substantial chance that BR would have agreed to expand the capacity of the Tabang project.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to €1.88, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 16x in the Oil and Gas industry in Germany. Total returns to shareholders of 110% over the past three years.Reported Earnings • Nov 30Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: US$0.10 (up from US$0.012 in 3Q 2020). Revenue: US$725.4m (up 136% from 3Q 2020). Net income: US$313.3m (up US$274.3m from 3Q 2020). Profit margin: 43% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.04, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 20x in the Oil and Gas industry in Germany. Total returns to shareholders of 17% over the past three years.Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS US$0.05 (vs US$0.01 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$522.6m (up 42% from 2Q 2020). Net income: US$171.2m (up 408% from 2Q 2020). Profit margin: 33% (up from 9.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year.Upcoming Dividend • May 24Inaugural dividend of US$0.09 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 15 June 2021. The company last paid an ordinary dividend in November 2012. The average dividend yield among industry peers is 3.9%.Reported Earnings • Apr 26First quarter 2021 earnings released: EPS US$0.05 (vs US$0.011 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$501.0m (up 54% from 1Q 2020). Net income: US$165.9m (up 367% from 1Q 2020). Profit margin: 33% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Apr 02Full year 2020 earnings released: EPS US$0.10 (vs US$0.067 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$1.40b (flat on FY 2019). Net income: US$328.7m (up 47% from FY 2019). Profit margin: 24% (up from 16% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 24New 90-day low: €0.75The company is down 9.0% from its price of €0.82 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 21% over the same period.Is New 90 Day High Low • Dec 07New 90-day high: €0.97The company is up 50% from its price of €0.65 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 41% over the same period.Is New 90 Day High Low • Nov 05New 90-day high: €0.77The company is up 3.0% from its price of €0.74 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 39% over the same period.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$122.0m, down 62% from the prior year. Total revenue was US$1.25b over the last 12 months, down 20% from the prior year.お知らせ • Jul 31PT Bayan Resources Tbk to Report Q2, 2020 Results on Jul 30, 2020PT Bayan Resources Tbk announced that they will report Q2, 2020 results on Jul 30, 2020 このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Bayan Resources は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測DB:BNB - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20263,359741745914N/A12/31/20253,428768807978N/A9/30/20253,4078249291,122N/A6/30/20253,5288959941,169N/A3/31/20253,567930660841N/A12/31/20243,4469238801,060N/A9/30/20243,303949693874N/A6/30/20243,082891662865N/A3/31/20243,3011,030576792N/A12/31/20233,5811,239516731N/A9/30/20234,1131,4621,0081,206N/A6/30/20234,7381,9321,5411,712N/A3/31/20234,9692,2291,9672,145N/A12/31/20224,7042,1781,9322,130N/A9/30/20224,4512,1901,9772,189N/A6/30/20223,8341,8461,4951,719N/A3/31/20223,1351,4151,4691,683N/A12/31/20212,8521,2131,3331,510N/A9/30/20212,141871777924N/A6/30/20211,723597616747N/A3/31/20211,570459421527N/A12/31/20201,395329271361N/A9/30/20201,253122126200N/A6/30/20201,2291143396N/A3/31/20201,352175-4713N/A12/31/20191,392223N/A49N/A9/30/20191,576322N/A288N/A6/30/20191,698407N/A422N/A3/31/20191,634463N/A519N/A12/31/20181,677500N/A572N/A9/30/20181,592492N/A562N/A6/30/20181,481470N/A511N/A3/31/20181,288389N/A489N/A12/31/20171,067320N/A432N/A9/30/2017896253N/A341N/A6/30/2017757173N/A263N/A3/31/201764983N/A202N/A12/31/201655529N/A99N/A9/30/2016505-46N/A20N/A6/30/2016442-74N/A-16N/A3/31/2016445-47N/A6N/A12/31/2015465-64N/A52N/A9/30/2015508-142N/A114N/A6/30/2015623-144N/A123N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: BNBの予測収益成長が 貯蓄率 ( 1.9% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: BNBの収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: BNBの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: BNBの収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: BNBの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: BNBの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 23:58終値2026/05/07 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋PT Bayan Resources Tbk. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Peter SutedjaCGS InternationalAlbert SaputroMacquarie ResearchSurabhi ChopraPT Bahana Securities1 その他のアナリストを表示
お知らせ • May 05PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026.
New Risk • Jan 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change).
Board Change • Dec 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent President Commissioner Hendarman Soepanji was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 20PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025.
Board Change • Dec 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent Commissioner Timur Pradopo was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.10, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 33x in the Oil and Gas industry in Germany. Total returns to shareholders of 730% over the past three years.
お知らせ • Sep 04PT Bayan Resources Tbk. (IDX:BYAN) and PT Bayan Energy entered into the Share Purchase Agreement to acquire Pt Enggang Alam Sawita from PT Berau Utama BerkatSetia for approximately IDR 110 billion.PT Bayan Resources Tbk. (IDX:BYAN) and PT Bayan Energy entered into the Share Purchase Agreement to acquire Pt Enggang Alam Sawita from PT Berau Utama BerkatSetia for approximately IDR 110 billion on August 30, 2024. A cash consideration of IDR 105.15 billion will be paid by the buyer. For the period ended December 31, 2023 Pt Enggang Alam Sawita reported revenue of IDR 25 billion and net loss of IDR 9.8 billion.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €1.02, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 34x in the Oil and Gas industry in Germany. Total returns to shareholders of 1,467% over the past three years.
お知らせ • May 22PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.013 in 1Q 2023)First quarter 2024 results: EPS: US$0.01 (down from US$0.013 in 1Q 2023). Revenue: US$769.1m (down 27% from 1Q 2023). Net income: US$210.6m (down 50% from 1Q 2023). Profit margin: 27% (down from 40% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 138% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.04 (vs US$0.065 in FY 2022)Full year 2023 results: EPS: US$0.04 (down from US$0.065 in FY 2022). Revenue: US$3.58b (down 24% from FY 2022). Net income: US$1.24b (down 43% from FY 2022). Profit margin: 35% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 151% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Dec 11Upcoming dividend of US$0.015 per share at 3.6% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 05 January 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.0%).
Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: US$0.01 (vs US$0.02 in 3Q 2022)Third quarter 2023 results: EPS: US$0.01 (down from US$0.02 in 3Q 2022). Revenue: US$717.9m (down 47% from 3Q 2022). Net income: US$186.7m (down 72% from 3Q 2022). Profit margin: 26% (down from 49% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Nov 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Aug 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% Dividend yield: 3.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% High level of non-cash earnings (27% accrual ratio).
Reported Earnings • Jul 31Second quarter 2023 earnings released: EPS: US$0.008 (vs US$0.018 in 2Q 2022)Second quarter 2023 results: EPS: US$0.008 (down from US$0.018 in 2Q 2022). Revenue: US$990.2m (down 19% from 2Q 2022). Net income: US$304.9m (down 49% from 2Q 2022). Profit margin: 31% (down from 49% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €1.15, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 10x in the Oil and Gas industry in Germany. Total returns to shareholders of 2,059% over the past three years.
New Risk • Jul 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.44, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 7x in the Oil and Gas industry in Germany. Total returns to shareholders of 2,031% over the past three years.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.44, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 7x in the Oil and Gas industry in Germany. Total returns to shareholders of 2,031% over the past three years.
Reported Earnings • Mar 11Full year 2022 earnings released: EPS: US$0.07 (vs US$0.036 in FY 2021)Full year 2022 results: EPS: US$0.07 (up from US$0.036 in FY 2021). Revenue: US$4.70b (up 65% from FY 2021). Net income: US$2.18b (up 80% from FY 2021). Profit margin: 46% (up from 43% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 15White Energy Company Limited Announces Singapore Court of Appeal Delivers JudgementWhite Energy Company Limited refers to its previous announcements in relation to the proceedings brought by its subsidiaries, BCBC Singapore Pte Ltd. ("BCBCS") and Binderless Coal Briquetting Company Pty Limited against PT Bayan Resources Tbk ("BR") and Bayan International Pte Ltd. (collectively, "Bayan") in connection with the KSC joint venture. As shareholders are aware, BCBCS filed an appeal in the Singapore Court of Appeal (the "Court") in order to appeal certain of the findings made by the Singapore International Commercial Court in tranche 3 of the proceedings, which was heard by the Court in October 2022. The Court delivered its judgement on 10 February and has dismissed the appeal. The Court held that Bayan would have been able to call upon its shareholder loans as an unpaid creditor to bring the joint venture to an end, even in circumstances where it had clearly breached the agreement. The Court noted that BCBCS was successful in the first and second tranches of the proceedings, in establishing that Bayan acted in breach of its coal supply obligations under the joint venture deed. The Court found that BCBCS was not able to prove that it suffered substantial damages as a consequence. The Court further found that this did not detract from BCBCS' success in establishing BR's liability for breach of contract and the Court awarded BCBCS $1,000 in nominal damages. The Company is disappointed with the outcome of the appeal and that Bayan has not been held to account for its breaches of contract and that BCBCS has not been properly compensated for such breaches. The coal supply contract required Bayan to supply the 35% moisture coal to the joint venture plant at $8.60 per tonne. The coal would then be upgraded from 4200 Kcal to 6100 Kcals /kg. Such coal was recently selling for in excess of $200 per tonne. BCBCS estimates that it would have made upwards of $88 million from its share of the joint venture. When Bayan entered into the joint venture in 2006 it was nearly impossible to export 35% moisture coal, however by 2011 China, South Korea and India were leading the way in purchasing high moisture Indonesian coal due to the expanding demand for thermal coal. The capital invested in the project was substantial, with BCBCS contributing over $100 million and Bayan contributing $40 million, by way of shareholder loans instead of equity from both parties, which is not uncommon and which are normally rolled over or partially rolled over if the parties are not in a position to repay them. The market took off in 2019/20 and both parties would have enjoyed substantial returns from the project, however, the Court accepted Bayan's argument that when the shareholder loans were due to start to be repaid in June 2012, Bayan would have called in their $40 million loans and exercised their right as an unpaid creditor to bring the joint venture to an end. Of course, the project didn't even get to that point in June 2012 because Bayan stopped coal supply in 2011. By breaching the contract, Bayan could then enjoy the proceeds from 100% of the 1.5 million tonne coal supply instead of 49%. The outcome has ignored the ability and willingness of BCBCS to repay Bayan's loans using the ample funds it could have earned from its share of the joint venture and the funding support from WEC in furtherance of what was an important formative BCB project. Bayan's financial statements show that they have made substantial profit from their sales of this high moisture coal. In fact, over the last few years, they have paid down borrowings of US$395 million and paid dividends of $1,424 million. The outcome has ignored the significant sums invested by BCBCS which were rendered futile due to Bayan's breaches of the agreement. Due to the breaches, the plant and power station were stranded in a remote part of Indonesia and were vandalized. The Company considers that the damage it suffered as a result of Bayan's repudiation of the agreement was undoubtedly significant and that the award of S$1,000 in damages clearly does not recognise the substantial losses suffered by the Company. BCBCS' application for leave to appeal the costs order made by the SICC in relation to the costs of the trial remains to be determined by the Court. The Court has directed that BCBCS file further submissions by 17 February and for Bayan to file its response by 24 February. The Company will provide further updates to shareholders in due course.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 37% share price gain to €1.05, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 11x in the Oil and Gas industry in Germany. Total returns to shareholders of 1,454% over the past three years.
Upcoming Dividend • Dec 13Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.1%).
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 19% share price gain to €5.15, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 14x in the Oil and Gas industry in Germany. Total returns to shareholders of 602% over the past three years.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.094 in 3Q 2021)Third quarter 2022 results: EPS: US$0.20 (up from US$0.094 in 3Q 2021). Revenue: US$1.34b (up 85% from 3Q 2021). Net income: US$656.7m (up 110% from 3Q 2021). Profit margin: 49% (up from 43% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 14Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.051 in 2Q 2021)Second quarter 2022 results: EPS: US$0.18 (up from US$0.051 in 2Q 2021). Revenue: US$1.22b (up 134% from 2Q 2021). Net income: US$602.2m (up 252% from 2Q 2021). Profit margin: 49% (up from 33% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €3.96, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Oil and Gas industry in Germany. Total returns to shareholders of 390% over the past three years.
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to €4.56, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 14x in the Oil and Gas industry in Germany. Total returns to shareholders of 419% over the past three years.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 17% share price gain to €4.02, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Oil and Gas industry in Germany. Total returns to shareholders of 425% over the past three years.
Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.05 in 1Q 2021)First quarter 2022 results: EPS: US$0.11 (up from US$0.05 in 1Q 2021). Revenue: US$783.8m (up 56% from 1Q 2021). Net income: US$368.6m (up 122% from 1Q 2021). Profit margin: 47% (up from 33% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: US$0.36 (vs US$0.099 in FY 2020)Full year 2021 results: EPS: US$0.36 (up from US$0.099 in FY 2020). Revenue: US$2.85b (up 104% from FY 2020). Net income: US$1.21b (up 269% from FY 2020). Profit margin: 43% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 39% per year.
Buying Opportunity • Mar 31Now 20% undervaluedOver the last 90 days, the stock is up 64%. The fair value is estimated to be €3.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 19%.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improved over the past weekAfter last week's 20% share price gain to €2.76, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 11x in the Oil and Gas industry in Germany. Total returns to shareholders of 203% over the past three years.
お知らせ • Feb 08White Energy Company Limited Announces Judgement Against PT Bayan Resources Tbk and Bayan International Pte LtdWhite Energy Company Limited (White Energy or the company) refers to its previous announcements in relation to the proceedings brought by its subsidiaries, BCBC Singapore Pte Ltd. (BCBCS) and Binderless Coal Briquetting Company Pty Limited against PT Bayan Resources Tbk ("BR") and Bayan International Pte Ltd. (collectively, "Bayan") in connection with the KSC joint venture. As shareholders would be aware, the Court in the first two tranches of the proceedings and subsequent appeals conclusively determined that Bayan had both breached and repudiated the joint venture. The trial for the third tranche of the proceedings concluded in January 2021 with the only issues remaining to be determined by the SICC in the third tranche relating to the damages which may be payable to BCBCS. BCBCS' claim for damages comprised of the following: (i) BCBCS claimed approximately USD 91 million in wasted expenditure, being expenses incurred by BCBCS which were rendered futile by reason of BR's breach and repudiation of the joint venture. (ii) Further, BCBCS claimed for loss of the chance of expanding the capacity of the joint venture to at least 3 million tonnes per annum estimated at around USD 23 million to USD 30 million. (iii) Interest on any damages award and costs. The Singapore International Commercial Court ("SICC") 7 February 2022 evening released its decision in relation to the third tranche of the proceedings. The SICC found in favour of BCBCS on the majority of the issues for determination. The SICC found in BCBCS' favour on all of the preliminary legal issues including in relation to remoteness and reflective loss. The SICC also concluded that the technology underlying the BCB process would have worked and that the Tabang Plant would have achieved nameplate capacity of 1mtpa by June 2012, and that the upgraded coal produced at Tabang would have been a saleable product. Notwithstanding this, the SICC has surprisingly dismissed BCBCS' claim for damages for wasted expenditure. The SICC concluded that Bayan would have been able to take steps to put KSC into liquidation, thereby bringing the joint venture to and end before the joint venture had sufficient cash flows from which BCBCS could recoup its wasted expenditure. In relation to BCBCS' claim for loss of chance to expand the project, the SICC took the view that there did not exist a real and substantial chance that BR would have agreed to expand the capacity of the Tabang project.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to €1.88, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 16x in the Oil and Gas industry in Germany. Total returns to shareholders of 110% over the past three years.
Reported Earnings • Nov 30Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: US$0.10 (up from US$0.012 in 3Q 2020). Revenue: US$725.4m (up 136% from 3Q 2020). Net income: US$313.3m (up US$274.3m from 3Q 2020). Profit margin: 43% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.04, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 20x in the Oil and Gas industry in Germany. Total returns to shareholders of 17% over the past three years.
Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS US$0.05 (vs US$0.01 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$522.6m (up 42% from 2Q 2020). Net income: US$171.2m (up 408% from 2Q 2020). Profit margin: 33% (up from 9.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year.
Upcoming Dividend • May 24Inaugural dividend of US$0.09 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 15 June 2021. The company last paid an ordinary dividend in November 2012. The average dividend yield among industry peers is 3.9%.
Reported Earnings • Apr 26First quarter 2021 earnings released: EPS US$0.05 (vs US$0.011 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$501.0m (up 54% from 1Q 2020). Net income: US$165.9m (up 367% from 1Q 2020). Profit margin: 33% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 02Full year 2020 earnings released: EPS US$0.10 (vs US$0.067 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$1.40b (flat on FY 2019). Net income: US$328.7m (up 47% from FY 2019). Profit margin: 24% (up from 16% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 24New 90-day low: €0.75The company is down 9.0% from its price of €0.82 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 21% over the same period.
Is New 90 Day High Low • Dec 07New 90-day high: €0.97The company is up 50% from its price of €0.65 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 41% over the same period.
Is New 90 Day High Low • Nov 05New 90-day high: €0.77The company is up 3.0% from its price of €0.74 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 39% over the same period.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$122.0m, down 62% from the prior year. Total revenue was US$1.25b over the last 12 months, down 20% from the prior year.
お知らせ • Jul 31PT Bayan Resources Tbk to Report Q2, 2020 Results on Jul 30, 2020PT Bayan Resources Tbk announced that they will report Q2, 2020 results on Jul 30, 2020