View Future GrowthTIMAH 過去の業績過去 基準チェック /66TIMAHは、平均年間10.2%の収益成長を遂げていますが、 Metals and Mining業界の収益は、年間 成長しています。収益は、平均年間8.1% 6.9%収益成長率で 減少しています。 TIMAHの自己資本利益率は27.1%であり、純利益率は18.1%です。主要情報10.16%収益成長率10.16%EPS成長率Metals and Mining 業界の成長33.91%収益成長率-6.90%株主資本利益率27.09%ネット・マージン18.08%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: Rp176 (up from Rp159 in FY 2024). Revenue: Rp12t (up 6.4% from FY 2024). Net income: Rp1.31t (up 11% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 55% per year.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: Rp40.77 (vs Rp63.69 in 3Q 2024)Third quarter 2025 results: EPS: Rp40.77 (down from Rp63.69 in 3Q 2024). Revenue: Rp2.39t (down 22% from 3Q 2024). Net income: Rp302.4b (down 36% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: Rp63.65 (vs Rp13.93 loss in 3Q 2023)Third quarter 2024 results: EPS: Rp63.65 (up from Rp13.93 loss in 3Q 2023). Revenue: Rp3.04t (up 68% from 3Q 2023). Net income: Rp474.3b (up Rp578.0b from 3Q 2023). Profit margin: 16% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: Rp53.75 (vs Rp4.57 loss in 2Q 2023)Second quarter 2024 results: EPS: Rp53.75 (up from Rp4.57 loss in 2Q 2023). Revenue: Rp3.16t (up 32% from 2Q 2023). Net income: Rp404.9b (up Rp438.9b from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2024 earnings released: EPS: Rp4.00 (vs Rp6.75 in 1Q 2023)First quarter 2024 results: EPS: Rp4.00 (down from Rp6.75 in 1Q 2023). Revenue: Rp2.06t (down 5.3% from 1Q 2023). Net income: Rp29.5b (down 41% from 1Q 2023). Profit margin: 1.4% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 30Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: Rp8.39t (down 33% from FY 2022). Net loss: Rp449.7b (down 143% from profit in FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp3,340, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 280% over the past three years.Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to Rp2,970, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 251% over the past three years.New Risk • May 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 12% 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 (12% average weekly change).お知らせ • May 07PT TIMAH Tbk, Annual General Meeting, Jun 12, 2026PT TIMAH Tbk, Annual General Meeting, Jun 12, 2026.Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: Rp176 (up from Rp159 in FY 2024). Revenue: Rp12t (up 6.4% from FY 2024). Net income: Rp1.31t (up 11% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 55% per year.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to Rp3,760, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 25x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 265% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp7,112 per share.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to Rp4,050, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 278% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp7,304 per share.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to Rp2,970, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 170% over the past three years.Valuation Update With 7 Day Price Move • Dec 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to Rp3,480, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,842 per share.Buy Or Sell Opportunity • Dec 09Now 20% undervaluedOver the last 90 days, the stock has risen 180% to Rp3,050. The fair value is estimated to be Rp3,820, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 134% in 2 years. Earnings are forecast to grow by 186% in the next 2 years.Buy Or Sell Opportunity • Nov 18Now 22% undervaluedOver the last 90 days, the stock has risen 199% to Rp3,050. The fair value is estimated to be Rp3,924, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 151% in the next 2 years.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp2,920, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 124% over the past three years.Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: Rp40.77 (vs Rp63.69 in 3Q 2024)Third quarter 2025 results: EPS: Rp40.77 (down from Rp63.69 in 3Q 2024). Revenue: Rp2.39t (down 22% from 3Q 2024). Net income: Rp302.4b (down 36% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Oct 24No independent directorsThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Commissioner Rustam Effendi is the most experienced director on the board, commencing their role in 2020. Independent Commissioner Yuslih Ihza 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 experienced directors.Price Target Changed • Oct 24Price target increased by 40% to Rp1,983Up from Rp1,417, the current price target is an average from 3 analysts. New target price is 24% below last closing price of Rp2,600. Stock is up 102% over the past year. The company is forecast to post earnings per share of Rp129 for next year compared to Rp159 last year.お知らせ • May 07PT TIMAH Tbk, Annual General Meeting, Jun 12, 2025PT TIMAH Tbk, Annual General Meeting, Jun 12, 2025.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp1,480, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Metals and Mining industry in Indonesia. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp756 per share.Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: Rp63.65 (vs Rp13.93 loss in 3Q 2023)Third quarter 2024 results: EPS: Rp63.65 (up from Rp13.93 loss in 3Q 2023). Revenue: Rp3.04t (up 68% from 3Q 2023). Net income: Rp474.3b (up Rp578.0b from 3Q 2023). Profit margin: 16% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: Rp53.75 (vs Rp4.57 loss in 2Q 2023)Second quarter 2024 results: EPS: Rp53.75 (up from Rp4.57 loss in 2Q 2023). Revenue: Rp3.16t (up 32% from 2Q 2023). Net income: Rp404.9b (up Rp438.9b from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Price Target Changed • Jul 11Price target increased by 19% to Rp1,350Up from Rp1,135, the current price target is an average from 2 analysts. New target price is 34% above last closing price of Rp1,010. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of Rp118 next year compared to a net loss per share of Rp60.38 last year.Reported Earnings • May 16First quarter 2024 earnings released: EPS: Rp4.00 (vs Rp6.75 in 1Q 2023)First quarter 2024 results: EPS: Rp4.00 (down from Rp6.75 in 1Q 2023). Revenue: Rp2.06t (down 5.3% from 1Q 2023). Net income: Rp29.5b (down 41% from 1Q 2023). Profit margin: 1.4% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.New Risk • Apr 24New 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 Indonesian stocks, typically moving 12% 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 (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 26x cash flows per share.Reported Earnings • Mar 30Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: Rp8.39t (down 33% from FY 2022). Net loss: Rp449.7b (down 143% from profit in FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Price Target Changed • Mar 29Price target increased by 13% to Rp1,485Up from Rp1,320, the current price target is an average from 2 analysts. New target price is 79% above last closing price of Rp830. Stock is down 19% over the past year. The company is forecast to post a net loss per share of Rp10.10 compared to earnings per share of Rp140 last year.New Risk • Mar 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 8.4% 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).Major Estimate Revision • Sep 08Consensus EPS estimates fall from profit to Rp10.10 loss, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from Rp8.25b to Rp8.47b. Now expected to report loss of -Rp10.10 instead of Rp44.80 per share profit. Metals and Mining industry in Indonesia expected to see average net income growth of 22% next year. Consensus price target down from Rp1,250 to Rp1,025. Share price was steady at Rp885 over the past week.Reported Earnings • Sep 06Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp2.40t (down 22% from 2Q 2022). Net loss: Rp34.0b (down 107% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 21% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 06First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: Rp2.17t (down 51% from 1Q 2022). Net income: Rp50.3b (down 92% from 1Q 2022). Profit margin: 2.3% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Indonesia are expected to grow by 27%. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 18Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: Rp13t (down 14% from FY 2021). Net income: Rp1.04t (down 20% from FY 2021). Profit margin: 8.3% (down from 8.9% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 10%. Revenue is expected to decline by 17% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Indonesia are expected to grow by 21%. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp970, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 184% over the past three years.Price Target Changed • Dec 27Price target increased to Rp1,775Up from Rp1,611, the current price target is an average from 2 analysts. New target price is 52% above last closing price of Rp1,170. Stock is down 21% over the past year. The company is forecast to post earnings per share of Rp219 for next year compared to Rp175 last year.Price Target Changed • Dec 07Price target decreased to Rp1,583Down from Rp1,748, the current price target is an average from 2 analysts. New target price is 35% above last closing price of Rp1,175. Stock is down 24% over the past year. The company is forecast to post earnings per share of Rp219 for next year compared to Rp175 last year.Board Change • Nov 16No independent directorsThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director of Business Development & Director Alwin Albar is the most experienced director on the board, commencing their role in 2017. Independent Commissioner Agus Panjaitan 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.Price Target Changed • Sep 09Price target decreased to Rp1,982Down from Rp2,148, the current price target is an average from 2 analysts. New target price is 34% above last closing price of Rp1,480. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of Rp244 for next year compared to Rp175 last year.Reported Earnings • Sep 07Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: Rp3.09t (down 9.9% from 2Q 2021). Net income: Rp480.6b (up 85% from 2Q 2021). Profit margin: 16% (up from 7.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Indonesia are expected to grow by 18%.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to Rp1,510, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 37% over the past three years.Major Estimate Revision • May 31Consensus EPS estimates increase by 27%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp16.7b to Rp17.2b. EPS estimate increased from Rp211 to Rp268 per share. Net income forecast to grow 0.8% next year vs 36% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp2,148. Share price was steady at Rp1,810 over the past week.Board Change • Apr 27No independent directorsThere are 9 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: 9 new directors. 3 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director of Operation and Production & Director Alwin Albar is the most experienced director on the board, commencing their role in 2017. Independent Commissioner Agus Panjaitan 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.Buying Opportunity • Apr 19Now 22% undervaluedOver the last 90 days, the stock is up 48%. The fair value is estimated to be Rp2,561, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings is forecast to decline by 14% per annum over the same time period.Price Target Changed • Mar 18Price target increased to Rp1,900Up from Rp1,438, the current price target is an average from 2 analysts. New target price is 16% above last closing price of Rp1,640. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of Rp127 next year compared to a net loss per share of Rp45.17 last year.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 18% share price gain to Rp1,615, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 20% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: Rp3.83t (down 1.7% from 3Q 2020). Net income: Rp341.9b (up 153% from 3Q 2020). Profit margin: 8.9% (up from 3.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.Reported Earnings • Sep 05Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: Rp3.42t (down 4.7% from 2Q 2020). Net income: Rp259.7b (up Rp235.6b from 2Q 2020). Profit margin: 7.6% (up from 0.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance.Price Target Changed • May 23Price target increased to Rp1,575Up from Rp1,438, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of Rp1,570. Stock is up 241% over the past year.Price Target Changed • Apr 26Price target increased to Rp1,588Up from Rp1,390, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of Rp1,580. Stock is up 242% over the past year.Reported Earnings • Mar 15Full year 2020 earnings released: Rp45.17 loss per share (vs Rp81.74 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: Rp15t (down 21% from FY 2019). Net loss: Rp336.4b (loss narrowed 45% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 20New 90-day high: Rp2,390The company is up 116% from its price of Rp1,105 on 20 November 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 61% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp89.58 per share.Is New 90 Day High Low • Jan 21New 90-day high: Rp2,360The company is up 179% from its price of Rp845 on 23 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 85% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp18,393 per share.Is New 90 Day High Low • Jan 04New 90-day high: Rp1,615The company is up 131% from its price of Rp700 on 07 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 66% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp194 per share.Is New 90 Day High Low • Dec 04New 90-day high: Rp1,225The company is up 49% from its price of Rp820 on 04 September 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp168 per share.Price Target Changed • Nov 11Price target raised to Rp976Up from Rp896, the current price target is an average from 5 analysts. The new target price is 7.3% above the current share price of Rp910. As of last close, the stock is up 14% over the past year.Is New 90 Day High Low • Nov 10New 90-day high: Rp930The company is up 22% from its price of Rp760 on 12 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp168 per share.Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS Rp17.76The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: Rp3.90t (down 21% from 3Q 2019). Net income: Rp135.3b (up Rp528.9b from 3Q 2019). Profit margin: 3.5% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 107% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 14New 90-day high: Rp890The company is up 39% from its price of Rp640 on 16 July 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp160 per share.収支内訳TIMAH の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史IDX:TINS 収益、費用、利益 ( )IDR Millions日付収益収益G+A経費研究開発費31 Mar 2614,919,8992,697,511936,520031 Dec 2511,552,7331,313,630939,825030 Sep 259,209,358942,986887,839030 Jun 259,864,3981,114,954878,738031 Mar 2510,897,7171,336,664948,762031 Dec 2410,856,4221,249,347939,696030 Sep 2410,269,410546,5441,014,362030 Jun 249,034,591-31,4971,024,829031 Mar 248,277,216-470,426975,560031 Dec 238,391,907-449,690991,944030 Sep 238,699,921-192,0611,117,338030 Jun 239,594,723-24,2891,066,012031 Mar 2310,282,453490,2941,140,272031 Dec 2212,504,2971,041,4841,122,627030 Sep 2215,089,5201,836,8981,160,990030 Jun 2216,215,6952,114,7771,249,839031 Mar 2216,554,3931,893,9201,232,262031 Dec 2114,607,0031,303,2081,199,897030 Sep 2112,981,650529,9611,059,356030 Jun 2113,055,807323,178960,093031 Mar 2113,233,20386,441856,488031 Dec 2015,215,980-336,403902,427030 Sep 2016,718,197-682,577985,193030 Jun 2017,583,829-1,211,3541,113,948031 Mar 2019,603,232-1,319,7071,200,628031 Dec 1919,341,569-607,4131,222,375030 Sep 1918,771,612-247,2981,142,541030 Jun 1916,427,483224,1591,083,666031 Mar 1913,148,438428,5001,027,576031 Dec 1811,016,677183,867939,159030 Sep 189,397,972459,090912,122030 Jun 189,292,946529,104900,072031 Mar 189,204,482496,629806,113031 Dec 179,217,160508,927794,607030 Sep 178,997,067508,421738,910030 Jun 178,473,462455,153634,610031 Mar 177,713,764489,771630,445031 Dec 166,968,294282,912597,102030 Sep 166,324,022152,754590,581030 Jun 166,454,64272,418546,639031 Mar 166,802,475-30,982593,637031 Dec 156,874,192101,583604,512030 Sep 158,300,579226,619638,946030 Jun 157,984,230349,937682,7580質の高い収益: TINSは 高品質の収益 を持っています。利益率の向上: TINSの現在の純利益率 (18.1%)は、昨年(12.3%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TINSの収益は過去 5 年間で年間10.2%増加しました。成長の加速: TINSの過去 1 年間の収益成長率 ( 101.8% ) は、5 年間の平均 ( 年間10.2%を上回っています。収益対業界: TINSの過去 1 年間の収益成長率 ( 101.8% ) はMetals and Mining業界37.8%を上回りました。株主資本利益率高いROE: TINSの 自己資本利益率 ( 27.1% ) は 高い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health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2026/06/13 23:14終値2026/06/12 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 TIMAH Tbk 2 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。12 アナリスト機関Andi HadiwidjojoBofA Global ResearchMichael EvansCGS InternationalEun Young LeeDBS Bank Ltd9 その他のアナリストを表示
Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: Rp176 (up from Rp159 in FY 2024). Revenue: Rp12t (up 6.4% from FY 2024). Net income: Rp1.31t (up 11% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 55% per year.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: Rp40.77 (vs Rp63.69 in 3Q 2024)Third quarter 2025 results: EPS: Rp40.77 (down from Rp63.69 in 3Q 2024). Revenue: Rp2.39t (down 22% from 3Q 2024). Net income: Rp302.4b (down 36% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: Rp63.65 (vs Rp13.93 loss in 3Q 2023)Third quarter 2024 results: EPS: Rp63.65 (up from Rp13.93 loss in 3Q 2023). Revenue: Rp3.04t (up 68% from 3Q 2023). Net income: Rp474.3b (up Rp578.0b from 3Q 2023). Profit margin: 16% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: Rp53.75 (vs Rp4.57 loss in 2Q 2023)Second quarter 2024 results: EPS: Rp53.75 (up from Rp4.57 loss in 2Q 2023). Revenue: Rp3.16t (up 32% from 2Q 2023). Net income: Rp404.9b (up Rp438.9b from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: Rp4.00 (vs Rp6.75 in 1Q 2023)First quarter 2024 results: EPS: Rp4.00 (down from Rp6.75 in 1Q 2023). Revenue: Rp2.06t (down 5.3% from 1Q 2023). Net income: Rp29.5b (down 41% from 1Q 2023). Profit margin: 1.4% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 30Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: Rp8.39t (down 33% from FY 2022). Net loss: Rp449.7b (down 143% from profit in FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp3,340, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 280% over the past three years.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to Rp2,970, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 251% over the past three years.
New Risk • May 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 12% 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 (12% average weekly change).
お知らせ • May 07PT TIMAH Tbk, Annual General Meeting, Jun 12, 2026PT TIMAH Tbk, Annual General Meeting, Jun 12, 2026.
Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: Rp176 (up from Rp159 in FY 2024). Revenue: Rp12t (up 6.4% from FY 2024). Net income: Rp1.31t (up 11% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 55% per year.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to Rp3,760, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 25x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 265% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp7,112 per share.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 21%After last week's 21% share price gain to Rp4,050, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 278% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp7,304 per share.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to Rp2,970, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 170% over the past three years.
Valuation Update With 7 Day Price Move • Dec 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to Rp3,480, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,842 per share.
Buy Or Sell Opportunity • Dec 09Now 20% undervaluedOver the last 90 days, the stock has risen 180% to Rp3,050. The fair value is estimated to be Rp3,820, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 134% in 2 years. Earnings are forecast to grow by 186% in the next 2 years.
Buy Or Sell Opportunity • Nov 18Now 22% undervaluedOver the last 90 days, the stock has risen 199% to Rp3,050. The fair value is estimated to be Rp3,924, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 151% in the next 2 years.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp2,920, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 124% over the past three years.
Reported Earnings • Nov 04Third quarter 2025 earnings released: EPS: Rp40.77 (vs Rp63.69 in 3Q 2024)Third quarter 2025 results: EPS: Rp40.77 (down from Rp63.69 in 3Q 2024). Revenue: Rp2.39t (down 22% from 3Q 2024). Net income: Rp302.4b (down 36% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Oct 24No independent directorsThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Commissioner Rustam Effendi is the most experienced director on the board, commencing their role in 2020. Independent Commissioner Yuslih Ihza 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 experienced directors.
Price Target Changed • Oct 24Price target increased by 40% to Rp1,983Up from Rp1,417, the current price target is an average from 3 analysts. New target price is 24% below last closing price of Rp2,600. Stock is up 102% over the past year. The company is forecast to post earnings per share of Rp129 for next year compared to Rp159 last year.
お知らせ • May 07PT TIMAH Tbk, Annual General Meeting, Jun 12, 2025PT TIMAH Tbk, Annual General Meeting, Jun 12, 2025.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp1,480, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Metals and Mining industry in Indonesia. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp756 per share.
Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: Rp63.65 (vs Rp13.93 loss in 3Q 2023)Third quarter 2024 results: EPS: Rp63.65 (up from Rp13.93 loss in 3Q 2023). Revenue: Rp3.04t (up 68% from 3Q 2023). Net income: Rp474.3b (up Rp578.0b from 3Q 2023). Profit margin: 16% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: Rp53.75 (vs Rp4.57 loss in 2Q 2023)Second quarter 2024 results: EPS: Rp53.75 (up from Rp4.57 loss in 2Q 2023). Revenue: Rp3.16t (up 32% from 2Q 2023). Net income: Rp404.9b (up Rp438.9b from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Price Target Changed • Jul 11Price target increased by 19% to Rp1,350Up from Rp1,135, the current price target is an average from 2 analysts. New target price is 34% above last closing price of Rp1,010. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of Rp118 next year compared to a net loss per share of Rp60.38 last year.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: Rp4.00 (vs Rp6.75 in 1Q 2023)First quarter 2024 results: EPS: Rp4.00 (down from Rp6.75 in 1Q 2023). Revenue: Rp2.06t (down 5.3% from 1Q 2023). Net income: Rp29.5b (down 41% from 1Q 2023). Profit margin: 1.4% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
New Risk • Apr 24New 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 Indonesian stocks, typically moving 12% 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 (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 26x cash flows per share.
Reported Earnings • Mar 30Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: Rp8.39t (down 33% from FY 2022). Net loss: Rp449.7b (down 143% from profit in FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Price Target Changed • Mar 29Price target increased by 13% to Rp1,485Up from Rp1,320, the current price target is an average from 2 analysts. New target price is 79% above last closing price of Rp830. Stock is down 19% over the past year. The company is forecast to post a net loss per share of Rp10.10 compared to earnings per share of Rp140 last year.
New Risk • Mar 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 8.4% 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).
Major Estimate Revision • Sep 08Consensus EPS estimates fall from profit to Rp10.10 loss, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from Rp8.25b to Rp8.47b. Now expected to report loss of -Rp10.10 instead of Rp44.80 per share profit. Metals and Mining industry in Indonesia expected to see average net income growth of 22% next year. Consensus price target down from Rp1,250 to Rp1,025. Share price was steady at Rp885 over the past week.
Reported Earnings • Sep 06Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: Rp2.40t (down 22% from 2Q 2022). Net loss: Rp34.0b (down 107% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 21% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 06First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: Rp2.17t (down 51% from 1Q 2022). Net income: Rp50.3b (down 92% from 1Q 2022). Profit margin: 2.3% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Indonesia are expected to grow by 27%. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 18Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: Rp13t (down 14% from FY 2021). Net income: Rp1.04t (down 20% from FY 2021). Profit margin: 8.3% (down from 8.9% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 10%. Revenue is expected to decline by 17% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Indonesia are expected to grow by 21%. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp970, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 184% over the past three years.
Price Target Changed • Dec 27Price target increased to Rp1,775Up from Rp1,611, the current price target is an average from 2 analysts. New target price is 52% above last closing price of Rp1,170. Stock is down 21% over the past year. The company is forecast to post earnings per share of Rp219 for next year compared to Rp175 last year.
Price Target Changed • Dec 07Price target decreased to Rp1,583Down from Rp1,748, the current price target is an average from 2 analysts. New target price is 35% above last closing price of Rp1,175. Stock is down 24% over the past year. The company is forecast to post earnings per share of Rp219 for next year compared to Rp175 last year.
Board Change • Nov 16No independent directorsThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director of Business Development & Director Alwin Albar is the most experienced director on the board, commencing their role in 2017. Independent Commissioner Agus Panjaitan 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.
Price Target Changed • Sep 09Price target decreased to Rp1,982Down from Rp2,148, the current price target is an average from 2 analysts. New target price is 34% above last closing price of Rp1,480. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of Rp244 for next year compared to Rp175 last year.
Reported Earnings • Sep 07Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: Rp3.09t (down 9.9% from 2Q 2021). Net income: Rp480.6b (up 85% from 2Q 2021). Profit margin: 16% (up from 7.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Indonesia are expected to grow by 18%.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to Rp1,510, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 37% over the past three years.
Major Estimate Revision • May 31Consensus EPS estimates increase by 27%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from Rp16.7b to Rp17.2b. EPS estimate increased from Rp211 to Rp268 per share. Net income forecast to grow 0.8% next year vs 36% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp2,148. Share price was steady at Rp1,810 over the past week.
Board Change • Apr 27No independent directorsThere are 9 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: 9 new directors. 3 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director of Operation and Production & Director Alwin Albar is the most experienced director on the board, commencing their role in 2017. Independent Commissioner Agus Panjaitan 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.
Buying Opportunity • Apr 19Now 22% undervaluedOver the last 90 days, the stock is up 48%. The fair value is estimated to be Rp2,561, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings is forecast to decline by 14% per annum over the same time period.
Price Target Changed • Mar 18Price target increased to Rp1,900Up from Rp1,438, the current price target is an average from 2 analysts. New target price is 16% above last closing price of Rp1,640. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of Rp127 next year compared to a net loss per share of Rp45.17 last year.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improved over the past weekAfter last week's 18% share price gain to Rp1,615, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 20% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: Rp3.83t (down 1.7% from 3Q 2020). Net income: Rp341.9b (up 153% from 3Q 2020). Profit margin: 8.9% (up from 3.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.
Reported Earnings • Sep 05Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: Rp3.42t (down 4.7% from 2Q 2020). Net income: Rp259.7b (up Rp235.6b from 2Q 2020). Profit margin: 7.6% (up from 0.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance.
Price Target Changed • May 23Price target increased to Rp1,575Up from Rp1,438, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of Rp1,570. Stock is up 241% over the past year.
Price Target Changed • Apr 26Price target increased to Rp1,588Up from Rp1,390, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of Rp1,580. Stock is up 242% over the past year.
Reported Earnings • Mar 15Full year 2020 earnings released: Rp45.17 loss per share (vs Rp81.74 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: Rp15t (down 21% from FY 2019). Net loss: Rp336.4b (loss narrowed 45% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 20New 90-day high: Rp2,390The company is up 116% from its price of Rp1,105 on 20 November 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 61% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp89.58 per share.
Is New 90 Day High Low • Jan 21New 90-day high: Rp2,360The company is up 179% from its price of Rp845 on 23 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 85% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp18,393 per share.
Is New 90 Day High Low • Jan 04New 90-day high: Rp1,615The company is up 131% from its price of Rp700 on 07 October 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 66% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp194 per share.
Is New 90 Day High Low • Dec 04New 90-day high: Rp1,225The company is up 49% from its price of Rp820 on 04 September 2020. The Indonesian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp168 per share.
Price Target Changed • Nov 11Price target raised to Rp976Up from Rp896, the current price target is an average from 5 analysts. The new target price is 7.3% above the current share price of Rp910. As of last close, the stock is up 14% over the past year.
Is New 90 Day High Low • Nov 10New 90-day high: Rp930The company is up 22% from its price of Rp760 on 12 August 2020. The Indonesian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp168 per share.
Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS Rp17.76The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: Rp3.90t (down 21% from 3Q 2019). Net income: Rp135.3b (up Rp528.9b from 3Q 2019). Profit margin: 3.5% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 107% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 14New 90-day high: Rp890The company is up 39% from its price of Rp640 on 16 July 2020. The Indonesian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp160 per share.