View ValuationBukitm (Persero) 将来の成長Future 基準チェック /16Bukitm (Persero)利益と収益がそれぞれ年間5.2%と6.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.3% 5.2%なると予測されています。主要情報5.2%収益成長率5.25%EPS成長率Oil and Gas 収益成長44.8%収益成長率6.7%将来の株主資本利益率15.33%アナリストカバレッジGood最終更新日20 May 2026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 updatesBoard Change • May 21No independent directorsThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). President Director Arsal Ismail is the most experienced director on the board, commencing their role in 2021. Independent Commissioner Dewi Hanggraeni was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • May 06PT Bukit Asam (Persero) Tbk, Annual General Meeting, Jun 11, 2026PT Bukit Asam (Persero) Tbk, Annual General Meeting, Jun 11, 2026.お知らせ • May 07PT Bukit Asam Tbk, Annual General Meeting, Jun 12, 2025PT Bukit Asam Tbk, Annual General Meeting, Jun 12, 2025.Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: Rp108 (vs Rp140 in 2Q 2023)Second quarter 2024 results: EPS: Rp108 (down from Rp140 in 2Q 2023). Revenue: Rp10t (up 15% from 2Q 2023). Net income: Rp1.24t (down 23% from 2Q 2023). Profit margin: 12% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 39% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Jul 29Now 42% overvalued after recent price riseOver the last 90 days, the stock has risen 5.7% to €0.17. The fair value is estimated to be €0.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 2.1% in 2 years. Earnings are forecast to decline by 22% in the next 2 years.Buy Or Sell Opportunity • Jul 02Now 47% overvaluedOver the last 90 days, the stock has fallen 18% to €0.13. The fair value is estimated to be €0.086, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 0.3% in 2 years. Earnings are forecast to decline by 26% in the next 2 years.Buy Or Sell Opportunity • Jun 19Now 28% overvaluedOver the last 90 days, the stock has fallen 7.0% to €0.15. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 1.6% in 2 years. Earnings are forecast to decline by 27% in the next 2 years.Buy Or Sell Opportunity • Jun 18Now 30% overvaluedOver the last 90 days, the stock has fallen 5.1% to €0.15. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 1.6% in 2 years. Earnings are forecast to decline by 27% in the next 2 years.Buy Or Sell Opportunity • May 24Now 39% overvalued after recent price riseOver the last 90 days, the stock has risen 8.2% to €0.16. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 0.8% in 2 years. Earnings are forecast to decline by 28% in the next 2 years.Reported Earnings • May 05First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: Rp9.41t (down 5.5% from 1Q 2023). Net income: Rp790.9b (down 32% from 1Q 2023). Profit margin: 8.4% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.New Risk • Mar 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 198% Dividend per share is over 5x cash flows per share. Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: Rp38t (down 9.8% from FY 2022). Net income: Rp6.11t (down 51% from FY 2022). Profit margin: 16% (down from 30% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Dec 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to decline by 4.0% in 2 years. Earnings is forecast to decline by 22% in the next 2 years.New Risk • Nov 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 198% Cash payout ratio: 217% Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).Buying Opportunity • Oct 12Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 1.3%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 41% in the next 2 years.Buying Opportunity • Sep 20Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 63%. Revenue is forecast to decline by 14% in 2 years. Earnings is forecast to decline by 41% in the next 2 years.Reported Earnings • Sep 01Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp8.90t (down 13% from 2Q 2022). Net income: Rp1.61t (down 59% from 2Q 2022). Profit margin: 18% (down from 38% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 17Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 48% in the next 2 years.Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 33%. The fair value is estimated to be €0.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 44% in the next 2 years.Reported Earnings • May 03First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: Rp9.96t (up 21% from 1Q 2022). Net income: Rp1.16t (down 49% from 1Q 2022). Profit margin: 12% (down from 28% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 15Now 24% undervaluedOver the last 90 days, the stock is up 3.6%. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 7.1% per annum. Earnings is also forecast to decline by 25% per annum over the same time period.Reported Earnings • Mar 09Full year 2022 earnings releasedFull year 2022 results: Revenue: Rp43t (up 46% from FY 2021). Net income: Rp13t (up 59% from FY 2021). Profit margin: 30% (up from 27% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.7% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.0%.Buying Opportunity • Feb 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.7%. The fair value is estimated to be €0.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 6.8% in 2 years. Earnings is forecast to decline by 35% in the next 2 years.Buying Opportunity • Jan 20Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 6.8% in 2 years. Earnings is forecast to decline by 35% in the next 2 years.Board Change • Nov 16No independent directorsThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 10 new directors. No experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Independent President Commissioner Agus Suhartono is the most experienced director on the board, commencing their role in 2013. Independent Commissioner Andi Pawi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: Rp335 (vs Rp267 in 3Q 2021)Third quarter 2022 results: EPS: Rp335 (up from Rp267 in 3Q 2021). Revenue: Rp13t (up 39% from 3Q 2021). Net income: Rp3.84t (up 29% from 3Q 2021). Profit margin: 30% (down from 33% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 8.3% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 25PT Bukit Asam Tbk (IDX:PTBA) acquired PLTU Pelabuhan Ratu from Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara.PT Bukit Asam Tbk (IDX:PTBA) acquired PLTU Pelabuhan Ratu from Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara on October 23, 2022. PT Bukit Asam Tbk (IDX:PTBA) completed the acquisition of PLTU Pelabuhan Ratu from Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara on October 23, 2022.Buying Opportunity • Oct 01Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to decline by 1.8% in 2 years. Earnings is forecast to decline by 33% in the next 2 years.Buying Opportunity • Aug 06Now 22% undervaluedOver the last 90 days, the stock is up 8.3%. The fair value is estimated to be €0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 8.6% in 2 years. Earnings is forecast to decline by 13% in the next 2 years.Reported Earnings • May 30First quarter 2022 earnings released: EPS: Rp202 (vs Rp44.73 in 1Q 2021)First quarter 2022 results: EPS: Rp202 (up from Rp44.73 in 1Q 2021). Revenue: Rp8.21t (up 105% from 1Q 2021). Net income: Rp2.28t (up 355% from 1Q 2021). Profit margin: 28% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.Upcoming Dividend • May 30Upcoming dividend of Rp689 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.2%).Board Change • Apr 27No independent directorsThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. No independent directors (4 non-independent directors). Independent President Commissioner Agus Suhartono is the most experienced director on the board, commencing their role in 2013. Independent Commissioner Andi Pawi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 11Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: Rp29t (up 69% from FY 2020). Net income: Rp7.91t (up 231% from FY 2020). Profit margin: 27% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 25%, compared to a 61% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Buying Opportunity • Feb 11Now 24% undervaluedOver the last 90 days, the stock is up 7.2%. The fair value is estimated to be Rp0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% per annum over the last 3 years. Earnings per share has declined by 22% per annum over the last 3 years.Reported Earnings • Oct 29Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp9.09t (up 137% from 3Q 2020). Net income: Rp2.99t (up Rp2.55t from 3Q 2020). Profit margin: 33% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Sep 03Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp6.30t (up 62% from 2Q 2020). Net income: Rp1.28t (up 232% from 2Q 2020). Profit margin: 20% (up from 9.9% 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 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Reported Earnings • May 03First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp3.99t (down 22% from 1Q 2020). Net income: Rp500.5b (down 45% from 1Q 2020). Profit margin: 13% (down from 18% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 13Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp17t (down 21% from FY 2019). Net income: Rp2.39t (down 41% from FY 2019). Profit margin: 14% (down from 19% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Mar 12PT Bukit Asam Tbk, Annual General Meeting, Apr 05, 2021PT Bukit Asam Tbk, Annual General Meeting, Apr 05, 2021, at 02:00 Coordinated Universal Time. Location: Grand on Thamrin Ballroom - Hotel Pullman Jakarta Jl. M.H. Thamrin Kav. 59, 10350 Central Jakarta Jakarta Indonesia Agenda: To consider approval of the annual report of the board of directors in accordance with the conditions and management during the financial year of 2020, including the supervisory duty report of the board of commissioners; to consider determination of the net profit appropriation, including the distribution of dividends for the Financial Year of 2020; to consider determination of tantiem (bonuses) for the Board of Directors and the Board of Commissioners of the Company for the Financial Year of 2020, and salaries/honorarium including facilities and incentives for the Financial Year of 2021; to consider approval of the appointment of a Public Accountant's Office to audit the Financial Statement of the Company and the Partnership and Community Development Program for the Financial Year of 2021; and to consider other matters.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS Rp39.67The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp3.84t (down 32% from 3Q 2019). Net income: Rp439.4b (down 60% from 3Q 2019). Profit margin: 12% (down from 19% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 01First half earnings releasedOver the last 12 months the company has reported total profits of Rp3.34t, down 24% from the prior year. Total revenue was Rp20t over the last 12 months, down 5.2% from the prior year.業績と収益の成長予測DB:TBA - アナリストの将来予測と過去の財務データ ( )IDR 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12/31/202853,665,6063,677,8603,912,7505,866,250412/31/202745,659,1653,823,3144,702,6335,682,3711012/31/202645,654,0313,290,4004,279,5335,468,77833/31/202642,623,0053,340,2723,303,5647,108,016N/A12/31/202542,651,7242,929,9572,755,4616,260,828N/A9/30/202543,439,3313,267,4062,595,8894,870,583N/A6/30/202543,574,5133,903,9262,404,1154,206,133N/A3/31/202543,313,8264,704,2594,672,4215,987,216N/A12/31/202442,764,9685,103,7203,817,3045,049,190N/A9/30/202441,407,1915,556,9581,838,6263,660,598N/A6/30/202439,273,1355,363,1282,661,7294,314,726N/A3/31/202437,941,3205,733,8641,938,9283,226,529N/A12/31/202338,488,8676,105,8562,167,4613,104,707N/A9/30/202339,315,3396,345,4605,799,4396,810,327N/A6/30/202343,084,1059,186,4197,369,3278,214,101N/A3/31/202344,400,60411,455,1219,616,51810,479,364N/A12/31/202242,648,59012,567,58211,638,30312,527,439N/A9/30/202240,950,50913,142,46413,546,18114,195,441N/A6/30/202237,393,20012,287,16113,814,60514,481,354N/A3/31/202233,471,6599,683,98811,533,29412,520,472N/A12/31/202129,261,4687,909,1139,846,12310,795,075N/A9/30/202123,858,1465,426,6335,329,9886,079,702N/A6/30/202118,604,0472,876,6752,953,8333,763,751N/A3/31/202116,197,6271,984,0882,085,5722,801,693N/A12/31/202017,325,1922,386,8192,798,5703,513,628N/A9/30/202018,382,3762,683,8193,031,8003,952,300N/A6/30/202020,185,0793,337,3853,424,1474,373,922N/A3/31/202021,573,0883,822,9283,070,9904,370,939N/A12/31/201921,787,5644,056,888N/A4,296,479N/A9/30/201921,385,4184,195,311N/A4,995,221N/A6/30/201921,290,0694,375,079N/A5,294,885N/A3/31/201920,755,1464,710,005N/A4,570,691N/A12/31/201821,166,9935,023,946N/A7,867,786N/A9/30/201822,219,4655,780,509N/A6,821,500N/A6/30/201820,971,1895,477,160N/A6,026,245N/A3/31/201820,672,9735,056,765N/A6,452,426N/A12/31/201719,471,0304,476,444N/A2,415,444N/A9/30/201717,304,2943,580,287N/A3,239,515N/A6/30/201716,292,1222,950,893N/A2,087,227N/A3/31/201715,061,1712,544,443N/A2,300,499N/A12/31/201614,058,8692,006,188N/A1,928,346N/A9/30/201613,385,1521,582,064N/A829,953N/A6/30/201614,092,1191,952,518N/A1,593,275N/A3/31/201614,112,7362,028,151N/A1,468,482N/A12/31/201513,845,1992,035,911N/A1,897,771N/A9/30/201513,923,5341,784,299N/A2,385,669N/A6/30/201513,162,1861,499,871N/A1,718,735N/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: TBAの予測収益成長率 (年間5.2% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: TBAの収益 ( 5.2% ) German市場 ( 17.2% ) よりも低い成長が予測されています。高成長収益: TBAの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: TBAの収益 ( 6.7% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: TBAの収益 ( 6.7% ) 20%よりも低い成長が予測されています。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: TBAの 自己資本利益率 は、3年後には低くなると予測されています ( 15.3 %)。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2026/05/25 15:00終値2026/05/25 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 Bukit Asam (Persero) Tbk 10 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。32 アナリスト機関Ephrem RaviBarclaysSwati ChopraBofA Global ResearchTansino Aulia LubisBofA Global Research29 その他のアナリストを表示
Board Change • May 21No independent directorsThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). President Director Arsal Ismail is the most experienced director on the board, commencing their role in 2021. Independent Commissioner Dewi Hanggraeni was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • May 06PT Bukit Asam (Persero) Tbk, Annual General Meeting, Jun 11, 2026PT Bukit Asam (Persero) Tbk, Annual General Meeting, Jun 11, 2026.
お知らせ • May 07PT Bukit Asam Tbk, Annual General Meeting, Jun 12, 2025PT Bukit Asam Tbk, Annual General Meeting, Jun 12, 2025.
Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: Rp108 (vs Rp140 in 2Q 2023)Second quarter 2024 results: EPS: Rp108 (down from Rp140 in 2Q 2023). Revenue: Rp10t (up 15% from 2Q 2023). Net income: Rp1.24t (down 23% from 2Q 2023). Profit margin: 12% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 39% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Jul 29Now 42% overvalued after recent price riseOver the last 90 days, the stock has risen 5.7% to €0.17. The fair value is estimated to be €0.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 2.1% in 2 years. Earnings are forecast to decline by 22% in the next 2 years.
Buy Or Sell Opportunity • Jul 02Now 47% overvaluedOver the last 90 days, the stock has fallen 18% to €0.13. The fair value is estimated to be €0.086, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 0.3% in 2 years. Earnings are forecast to decline by 26% in the next 2 years.
Buy Or Sell Opportunity • Jun 19Now 28% overvaluedOver the last 90 days, the stock has fallen 7.0% to €0.15. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 1.6% in 2 years. Earnings are forecast to decline by 27% in the next 2 years.
Buy Or Sell Opportunity • Jun 18Now 30% overvaluedOver the last 90 days, the stock has fallen 5.1% to €0.15. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 1.6% in 2 years. Earnings are forecast to decline by 27% in the next 2 years.
Buy Or Sell Opportunity • May 24Now 39% overvalued after recent price riseOver the last 90 days, the stock has risen 8.2% to €0.16. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to decline by 0.8% in 2 years. Earnings are forecast to decline by 28% in the next 2 years.
Reported Earnings • May 05First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: Rp9.41t (down 5.5% from 1Q 2023). Net income: Rp790.9b (down 32% from 1Q 2023). Profit margin: 8.4% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 198% Dividend per share is over 5x cash flows per share. Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
Reported Earnings • Mar 06Full year 2023 earnings releasedFull year 2023 results: Revenue: Rp38t (down 9.8% from FY 2022). Net income: Rp6.11t (down 51% from FY 2022). Profit margin: 16% (down from 30% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Dec 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to decline by 4.0% in 2 years. Earnings is forecast to decline by 22% in the next 2 years.
New Risk • Nov 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 198% Cash payout ratio: 217% Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
Buying Opportunity • Oct 12Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 1.3%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 41% in the next 2 years.
Buying Opportunity • Sep 20Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 63%. Revenue is forecast to decline by 14% in 2 years. Earnings is forecast to decline by 41% in the next 2 years.
Reported Earnings • Sep 01Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp8.90t (down 13% from 2Q 2022). Net income: Rp1.61t (down 59% from 2Q 2022). Profit margin: 18% (down from 38% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 17Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 48% in the next 2 years.
Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 33%. The fair value is estimated to be €0.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to decline by 15% in 2 years. Earnings is forecast to decline by 44% in the next 2 years.
Reported Earnings • May 03First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: Rp9.96t (up 21% from 1Q 2022). Net income: Rp1.16t (down 49% from 1Q 2022). Profit margin: 12% (down from 28% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 15Now 24% undervaluedOver the last 90 days, the stock is up 3.6%. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to decline by 7.1% per annum. Earnings is also forecast to decline by 25% per annum over the same time period.
Reported Earnings • Mar 09Full year 2022 earnings releasedFull year 2022 results: Revenue: Rp43t (up 46% from FY 2021). Net income: Rp13t (up 59% from FY 2021). Profit margin: 30% (up from 27% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.7% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.0%.
Buying Opportunity • Feb 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.7%. The fair value is estimated to be €0.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 6.8% in 2 years. Earnings is forecast to decline by 35% in the next 2 years.
Buying Opportunity • Jan 20Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 6.8% in 2 years. Earnings is forecast to decline by 35% in the next 2 years.
Board Change • Nov 16No independent directorsThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 10 new directors. No experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Independent President Commissioner Agus Suhartono is the most experienced director on the board, commencing their role in 2013. Independent Commissioner Andi Pawi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: Rp335 (vs Rp267 in 3Q 2021)Third quarter 2022 results: EPS: Rp335 (up from Rp267 in 3Q 2021). Revenue: Rp13t (up 39% from 3Q 2021). Net income: Rp3.84t (up 29% from 3Q 2021). Profit margin: 30% (down from 33% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 8.3% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 25PT Bukit Asam Tbk (IDX:PTBA) acquired PLTU Pelabuhan Ratu from Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara.PT Bukit Asam Tbk (IDX:PTBA) acquired PLTU Pelabuhan Ratu from Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara on October 23, 2022. PT Bukit Asam Tbk (IDX:PTBA) completed the acquisition of PLTU Pelabuhan Ratu from Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara on October 23, 2022.
Buying Opportunity • Oct 01Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to decline by 1.8% in 2 years. Earnings is forecast to decline by 33% in the next 2 years.
Buying Opportunity • Aug 06Now 22% undervaluedOver the last 90 days, the stock is up 8.3%. The fair value is estimated to be €0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 8.6% in 2 years. Earnings is forecast to decline by 13% in the next 2 years.
Reported Earnings • May 30First quarter 2022 earnings released: EPS: Rp202 (vs Rp44.73 in 1Q 2021)First quarter 2022 results: EPS: Rp202 (up from Rp44.73 in 1Q 2021). Revenue: Rp8.21t (up 105% from 1Q 2021). Net income: Rp2.28t (up 355% from 1Q 2021). Profit margin: 28% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
Upcoming Dividend • May 30Upcoming dividend of Rp689 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.2%).
Board Change • Apr 27No independent directorsThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. No independent directors (4 non-independent directors). Independent President Commissioner Agus Suhartono is the most experienced director on the board, commencing their role in 2013. Independent Commissioner Andi Pawi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 11Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: Rp29t (up 69% from FY 2020). Net income: Rp7.91t (up 231% from FY 2020). Profit margin: 27% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 25%, compared to a 61% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Feb 11Now 24% undervaluedOver the last 90 days, the stock is up 7.2%. The fair value is estimated to be Rp0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% per annum over the last 3 years. Earnings per share has declined by 22% per annum over the last 3 years.
Reported Earnings • Oct 29Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp9.09t (up 137% from 3Q 2020). Net income: Rp2.99t (up Rp2.55t from 3Q 2020). Profit margin: 33% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Sep 03Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp6.30t (up 62% from 2Q 2020). Net income: Rp1.28t (up 232% from 2Q 2020). Profit margin: 20% (up from 9.9% 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 36% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 03First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: Rp3.99t (down 22% from 1Q 2020). Net income: Rp500.5b (down 45% from 1Q 2020). Profit margin: 13% (down from 18% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 13Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp17t (down 21% from FY 2019). Net income: Rp2.39t (down 41% from FY 2019). Profit margin: 14% (down from 19% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Mar 12PT Bukit Asam Tbk, Annual General Meeting, Apr 05, 2021PT Bukit Asam Tbk, Annual General Meeting, Apr 05, 2021, at 02:00 Coordinated Universal Time. Location: Grand on Thamrin Ballroom - Hotel Pullman Jakarta Jl. M.H. Thamrin Kav. 59, 10350 Central Jakarta Jakarta Indonesia Agenda: To consider approval of the annual report of the board of directors in accordance with the conditions and management during the financial year of 2020, including the supervisory duty report of the board of commissioners; to consider determination of the net profit appropriation, including the distribution of dividends for the Financial Year of 2020; to consider determination of tantiem (bonuses) for the Board of Directors and the Board of Commissioners of the Company for the Financial Year of 2020, and salaries/honorarium including facilities and incentives for the Financial Year of 2021; to consider approval of the appointment of a Public Accountant's Office to audit the Financial Statement of the Company and the Partnership and Community Development Program for the Financial Year of 2021; and to consider other matters.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS Rp39.67The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: Rp3.84t (down 32% from 3Q 2019). Net income: Rp439.4b (down 60% from 3Q 2019). Profit margin: 12% (down from 19% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 01First half earnings releasedOver the last 12 months the company has reported total profits of Rp3.34t, down 24% from the prior year. Total revenue was Rp20t over the last 12 months, down 5.2% from the prior year.