Bayan Resources (BYAN) 주식 개요는 자회사와 함께 인도네시아에서 석탄 채굴 및 판매 사업을 영위하고 있습니다. 자세히 보기BYAN 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장0/6과거 실적2/6재무 건전성6/6배당3/6위험 분석지난 5년간 매년 수익이 7.5% 감소했습니다.불안정한 배당 실적모든 위험 점검 보기BYAN Community Fair Values Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueRpCurrent PriceRp11.20k36.6% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-47m5b2016201920222025202620282031Revenue US$4.3bEarnings US$956.9mAdvancedSet Fair ValueView all narrativesPT Bayan Resources Tbk. 경쟁사Dian Swastatika SentosaSymbol: IDX:DSSAMarket cap: Rp109.9tBumi ResourcesSymbol: IDX:BUMIMarket cap: Rp64.2tUnited TractorsSymbol: IDX:UNTRMarket cap: Rp88.8tAdaro Andalan IndonesiaSymbol: IDX:AADIMarket cap: Rp63.3t가격 이력 및 성과Bayan Resources 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가Rp11,200.0052주 최고가Rp20,000.0052주 최저가Rp9,075.00베타-0.381개월 변동-8.94%3개월 변동-22.09%1년 변동-43.86%3년 변동-41.13%5년 변동639.27%IPO 이후 변동1,955.05%최근 뉴스 및 업데이트Reported Earnings • May 05First quarter 2026 earnings released: EPS: US$0.006 (vs US$0.007 in 1Q 2025)First quarter 2026 results: EPS: US$0.006 (down from US$0.007 in 1Q 2025). Revenue: US$821.7m (down 7.7% from 1Q 2025). Net income: US$190.8m (down 12% from 1Q 2025). Profit margin: 23% (down from 25% in 1Q 2025). The decrease in margin was driven by lower 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 18% per year, which means it has not declined as severely as earnings.공시 • May 05PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026.Recent Insider Transactions • Apr 07Director recently sold Rp481m worth of stockOn the 2nd of April, Kar Heng Khaw sold around 42k shares on-market at roughly Rp11,340 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.6b more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp10,025, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 22x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 51% over the past three years.Recent Insider Transactions • Mar 09Director recently sold Rp129m worth of stockOn the 4th of March, Kar Heng Khaw sold around 9k shares on-market at roughly Rp14,060 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.1b more than they bought in the last 12 months.Reported Earnings • Mar 04Full year 2025 earnings released: EPS: US$0.023 (vs US$0.028 in FY 2024)Full year 2025 results: EPS: US$0.023 (down from US$0.028 in FY 2024). Revenue: US$3.43b (flat on FY 2024). Net income: US$767.9m (down 17% from FY 2024). Profit margin: 22% (down from 27% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.더 많은 업데이트 보기Recent updatesReported Earnings • May 05First quarter 2026 earnings released: EPS: US$0.006 (vs US$0.007 in 1Q 2025)First quarter 2026 results: EPS: US$0.006 (down from US$0.007 in 1Q 2025). Revenue: US$821.7m (down 7.7% from 1Q 2025). Net income: US$190.8m (down 12% from 1Q 2025). Profit margin: 23% (down from 25% in 1Q 2025). The decrease in margin was driven by lower 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 18% per year, which means it has not declined as severely as earnings.공시 • May 05PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026.Recent Insider Transactions • Apr 07Director recently sold Rp481m worth of stockOn the 2nd of April, Kar Heng Khaw sold around 42k shares on-market at roughly Rp11,340 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.6b more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp10,025, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 22x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 51% over the past three years.Recent Insider Transactions • Mar 09Director recently sold Rp129m worth of stockOn the 4th of March, Kar Heng Khaw sold around 9k shares on-market at roughly Rp14,060 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.1b more than they bought in the last 12 months.Reported Earnings • Mar 04Full year 2025 earnings released: EPS: US$0.023 (vs US$0.028 in FY 2024)Full year 2025 results: EPS: US$0.023 (down from US$0.028 in FY 2024). Revenue: US$3.43b (flat on FY 2024). Net income: US$767.9m (down 17% from FY 2024). Profit margin: 22% (down from 27% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Feb 27Director recently sold Rp285m worth of stockOn the 25th of February, Kar Heng Khaw sold around 20k shares on-market at roughly Rp14,314 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp6.9b more than they bought in the last 12 months.Recent Insider Transactions • Feb 10Chief Development Officer & Director recently sold Rp1.1b worth of stockOn the 5th of February, Russell Neil sold around 74k shares on-market at roughly Rp15,089 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Rp1.3b more than they bought in the last 12 months.Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: US$0.015 (vs US$0.007 in 3Q 2024)Third quarter 2025 results: EPS: US$0.015. Revenue: US$818.1m (down 13% from 3Q 2024). Net income: US$172.9m (down 29% from 3Q 2024). Profit margin: 21% (down from 26% in 3Q 2024). The decrease in margin was driven by lower revenue.Board Change • Oct 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent President Commissioner Hendarman Soepanji was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • May 20PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025.Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp17,550, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,357% over the past three years.공시 • May 22PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024.Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.013 in 1Q 2023)First quarter 2024 results: EPS: US$0.01 (down from US$0.013 in 1Q 2023). Revenue: US$769.1m (down 27% from 1Q 2023). Net income: US$210.6m (down 50% from 1Q 2023). Profit margin: 27% (down from 40% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.04 (vs US$0.065 in FY 2022)Full year 2023 results: EPS: US$0.04 (down from US$0.065 in FY 2022). Revenue: US$3.58b (down 24% from FY 2022). Net income: US$1.24b (down 43% from FY 2022). Profit margin: 35% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 146% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Dec 11Upcoming dividend of US$0.015 per share at 3.6% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 05 January 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of Indonesian dividend payers (6.0%). Lower than average of industry peers (10%).Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: US$0.01 (vs US$0.02 in 3Q 2022)Third quarter 2023 results: EPS: US$0.01 (down from US$0.02 in 3Q 2022). Revenue: US$717.9m (down 47% from 3Q 2022). Net income: US$186.7m (down 72% from 3Q 2022). Profit margin: 26% (down from 49% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Nov 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Aug 02New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% High level of non-cash earnings (27% accrual ratio).Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: US$0.008 (vs US$0.018 in 2Q 2022)Second quarter 2023 results: EPS: US$0.008 (down from US$0.018 in 2Q 2022). Revenue: US$990.2m (down 19% from 2Q 2022). Net income: US$304.9m (down 49% from 2Q 2022). Profit margin: 31% (down from 49% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 26New 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 8.0% 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 High level of non-cash earnings (24% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp18,800, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 4x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,809% over the past three years.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp15,850, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,408% over the past three years.Valuation Update With 7 Day Price Move • May 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp16,075, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,323% over the past three years.Reported Earnings • Mar 11Full year 2022 earnings released: EPS: US$0.07 (vs US$0.036 in FY 2021)Full year 2022 results: EPS: US$0.07 (up from US$0.036 in FY 2021). Revenue: US$4.70b (up 65% from FY 2021). Net income: US$2.18b (up 80% from FY 2021). Profit margin: 46% (up from 43% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 15White Energy Company Limited Announces Singapore Court of Appeal Delivers JudgementWhite Energy Company Limited refers to its previous announcements in relation to the proceedings brought by its subsidiaries, BCBC Singapore Pte Ltd. ("BCBCS") and Binderless Coal Briquetting Company Pty Limited against PT Bayan Resources Tbk ("BR") and Bayan International Pte Ltd. (collectively, "Bayan") in connection with the KSC joint venture. As shareholders are aware, BCBCS filed an appeal in the Singapore Court of Appeal (the "Court") in order to appeal certain of the findings made by the Singapore International Commercial Court in tranche 3 of the proceedings, which was heard by the Court in October 2022. The Court delivered its judgement on 10 February and has dismissed the appeal. The Court held that Bayan would have been able to call upon its shareholder loans as an unpaid creditor to bring the joint venture to an end, even in circumstances where it had clearly breached the agreement. The Court noted that BCBCS was successful in the first and second tranches of the proceedings, in establishing that Bayan acted in breach of its coal supply obligations under the joint venture deed. The Court found that BCBCS was not able to prove that it suffered substantial damages as a consequence. The Court further found that this did not detract from BCBCS' success in establishing BR's liability for breach of contract and the Court awarded BCBCS $1,000 in nominal damages. The Company is disappointed with the outcome of the appeal and that Bayan has not been held to account for its breaches of contract and that BCBCS has not been properly compensated for such breaches. The coal supply contract required Bayan to supply the 35% moisture coal to the joint venture plant at $8.60 per tonne. The coal would then be upgraded from 4200 Kcal to 6100 Kcals /kg. Such coal was recently selling for in excess of $200 per tonne. BCBCS estimates that it would have made upwards of $88 million from its share of the joint venture. When Bayan entered into the joint venture in 2006 it was nearly impossible to export 35% moisture coal, however by 2011 China, South Korea and India were leading the way in purchasing high moisture Indonesian coal due to the expanding demand for thermal coal. The capital invested in the project was substantial, with BCBCS contributing over $100 million and Bayan contributing $40 million, by way of shareholder loans instead of equity from both parties, which is not uncommon and which are normally rolled over or partially rolled over if the parties are not in a position to repay them. The market took off in 2019/20 and both parties would have enjoyed substantial returns from the project, however, the Court accepted Bayan's argument that when the shareholder loans were due to start to be repaid in June 2012, Bayan would have called in their $40 million loans and exercised their right as an unpaid creditor to bring the joint venture to an end. Of course, the project didn't even get to that point in June 2012 because Bayan stopped coal supply in 2011. By breaching the contract, Bayan could then enjoy the proceeds from 100% of the 1.5 million tonne coal supply instead of 49%. The outcome has ignored the ability and willingness of BCBCS to repay Bayan's loans using the ample funds it could have earned from its share of the joint venture and the funding support from WEC in furtherance of what was an important formative BCB project. Bayan's financial statements show that they have made substantial profit from their sales of this high moisture coal. In fact, over the last few years, they have paid down borrowings of US$395 million and paid dividends of $1,424 million. The outcome has ignored the significant sums invested by BCBCS which were rendered futile due to Bayan's breaches of the agreement. Due to the breaches, the plant and power station were stranded in a remote part of Indonesia and were vandalized. The Company considers that the damage it suffered as a result of Bayan's repudiation of the agreement was undoubtedly significant and that the award of S$1,000 in damages clearly does not recognise the substantial losses suffered by the Company. BCBCS' application for leave to appeal the costs order made by the SICC in relation to the costs of the trial remains to be determined by the Court. The Court has directed that BCBCS file further submissions by 17 February and for Bayan to file its response by 24 February. The Company will provide further updates to shareholders in due course.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improved over the past weekAfter last week's 24% share price gain to Rp16,300, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,150% over the past three years.Upcoming Dividend • Dec 13Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indonesian dividend payers (5.0%). Lower than average of industry peers (5.8%).Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 24% share price gain to Rp11,325, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 831% over the past three years.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp83,975, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 562% over the past three years.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.094 in 3Q 2021)Third quarter 2022 results: EPS: US$0.20 (up from US$0.094 in 3Q 2021). Revenue: US$1.34b (up 85% from 3Q 2021). Net income: US$656.7m (up 110% from 3Q 2021). Profit margin: 49% (up from 43% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 14Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.051 in 2Q 2021)Second quarter 2022 results: EPS: US$0.18 (up from US$0.051 in 2Q 2021). Revenue: US$1.22b (up 134% from 2Q 2021). Net income: US$602.2m (up 252% from 2Q 2021). Profit margin: 49% (up from 33% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp75,000, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 437% over the past three years.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to Rp66,000, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 401% over the past three years.Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp52,275, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 231% over the past three years.Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: US$0.11 (up from US$0.05 in 1Q 2021). Revenue: US$783.8m (up 56% from 1Q 2021). Net income: US$368.6m (up 122% from 1Q 2021). Profit margin: 47% (up from 33% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 01Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: US$0.36 (up from US$0.099 in FY 2020). Revenue: US$2.85b (up 104% from FY 2020). Net income: US$1.21b (up 269% from FY 2020). Profit margin: 43% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 32% per year.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp43,500, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 12x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 177% over the past three years.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp35,425, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 133% over the past three years.Reported Earnings • Nov 30Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2021 results: EPS: US$0.10 (up from US$0.012 in 3Q 2020). Revenue: US$725.4m (up 136% from 3Q 2020). Net income: US$313.3m (up US$274.3m from 3Q 2020). Profit margin: 43% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to Rp17,425, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 12% over the past three years.Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS US$0.05 (vs US$0.01 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$522.6m (up 42% from 2Q 2020). Net income: US$171.2m (up 408% from 2Q 2020). Profit margin: 33% (up from 9.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.Upcoming Dividend • May 24Inaugural dividend of US$0.09 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 15 June 2021. The company last paid an ordinary dividend in November 2012. The average dividend yield among industry peers is 5.9%.Reported Earnings • Apr 27First quarter 2021 earnings released: EPS US$0.05 (vs US$0.011 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$501.0m (up 54% from 1Q 2020). Net income: US$165.9m (up 367% from 1Q 2020). Profit margin: 33% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Apr 01Full year 2020 earnings released: EPS US$0.10 (vs US$0.067 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$1.40b (flat on FY 2019). Net income: US$328.7m (up 47% from FY 2019). Profit margin: 24% (up from 16% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 15New 90-day low: Rp13,900The company is down 3.0% from its price of Rp14,300 on 17 November 2020. The Indonesian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 15% over the same period.Is New 90 Day High Low • Jan 08New 90-day high: Rp16,000The company is up 27% from its price of Rp12,625 on 02 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 30% over the same period.Is New 90 Day High Low • Dec 04New 90-day high: Rp15,850The company is up 26% from its price of Rp12,600 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 Oil and Gas industry, which is up 17% over the same period.Is New 90 Day High Low • Nov 10New 90-day high: Rp13,750The company is up 4.0% from its price of Rp13,275 on 11 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 Oil and Gas industry, which is down 7.0% over the same period.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$122.0m, down 62% from the prior year. Total revenue was US$1.25b over the last 12 months, down 20% from the prior year.주주 수익률BYANID Oil and GasID 시장7D0%-11.6%-8.3%1Y-43.9%-27.4%-13.6%전체 주주 수익률 보기수익률 대 산업: BYAN은 지난 1년 동안 -27.4%의 수익을 기록한 ID Oil and Gas 산업보다 저조한 성과를 냈습니다.수익률 대 시장: BYAN은 지난 1년 동안 -13.6%를 기록한 ID 시장보다 저조한 성과를 냈습니다.주가 변동성Is BYAN's price volatile compared to industry and market?BYAN volatilityBYAN Average Weekly Movement7.0%Oil and Gas Industry Average Movement8.5%Market Average Movement7.9%10% most volatile stocks in ID Market15.2%10% least volatile stocks in ID Market3.8%안정적인 주가: BYAN는 지난 3개월 동안 ID 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: BYAN의 주간 변동성(7%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19734,264Tuck Kwong Lowwww.bayan.com.sg는 자회사와 함께 인도네시아에서 석탄 채굴 및 판매 사업을 영위하고 있습니다. 석탄 및 비석탄 부문을 통해 운영됩니다. 이 회사는 고열량 유연탄, 유연탄 저유황 및 저회분 석탄 제품을 생산합니다.더 보기PT Bayan Resources Tbk. 기초 지표 요약Bayan Resources의 순이익과 매출은 시가총액과 어떻게 비교됩니까?BYAN 기초 통계시가총액Rp373.33t순이익 (TTM)Rp13.10t매출 (TTM)Rp59.41t28.5x주가수익비율(P/E)6.3x주가매출비율(P/S)BYAN는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표BYAN 손익계산서 (TTM)매출US$3.36b매출원가US$2.28b총이익US$1.07b기타 비용US$333.48m순이익US$740.80m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.022총이익률31.98%순이익률22.05%부채/자본 비율0%BYAN의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.6%현재 배당 수익률9%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 03:35종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PT Bayan Resources Tbk.는 4명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Peter SutedjaCGS InternationalAlbert SaputroMacquarie ResearchSurabhi ChopraPT Bahana Securities1명의 분석가 더 보기
Reported Earnings • May 05First quarter 2026 earnings released: EPS: US$0.006 (vs US$0.007 in 1Q 2025)First quarter 2026 results: EPS: US$0.006 (down from US$0.007 in 1Q 2025). Revenue: US$821.7m (down 7.7% from 1Q 2025). Net income: US$190.8m (down 12% from 1Q 2025). Profit margin: 23% (down from 25% in 1Q 2025). The decrease in margin was driven by lower 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 18% per year, which means it has not declined as severely as earnings.
공시 • May 05PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026.
Recent Insider Transactions • Apr 07Director recently sold Rp481m worth of stockOn the 2nd of April, Kar Heng Khaw sold around 42k shares on-market at roughly Rp11,340 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.6b more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp10,025, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 22x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 51% over the past three years.
Recent Insider Transactions • Mar 09Director recently sold Rp129m worth of stockOn the 4th of March, Kar Heng Khaw sold around 9k shares on-market at roughly Rp14,060 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.1b more than they bought in the last 12 months.
Reported Earnings • Mar 04Full year 2025 earnings released: EPS: US$0.023 (vs US$0.028 in FY 2024)Full year 2025 results: EPS: US$0.023 (down from US$0.028 in FY 2024). Revenue: US$3.43b (flat on FY 2024). Net income: US$767.9m (down 17% from FY 2024). Profit margin: 22% (down from 27% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 05First quarter 2026 earnings released: EPS: US$0.006 (vs US$0.007 in 1Q 2025)First quarter 2026 results: EPS: US$0.006 (down from US$0.007 in 1Q 2025). Revenue: US$821.7m (down 7.7% from 1Q 2025). Net income: US$190.8m (down 12% from 1Q 2025). Profit margin: 23% (down from 25% in 1Q 2025). The decrease in margin was driven by lower 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 18% per year, which means it has not declined as severely as earnings.
공시 • May 05PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026PT Bayan Resources Tbk., Annual General Meeting, Jun 10, 2026.
Recent Insider Transactions • Apr 07Director recently sold Rp481m worth of stockOn the 2nd of April, Kar Heng Khaw sold around 42k shares on-market at roughly Rp11,340 per share. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.6b more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp10,025, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 22x in the Oil and Gas industry in Indonesia. Total loss to shareholders of 51% over the past three years.
Recent Insider Transactions • Mar 09Director recently sold Rp129m worth of stockOn the 4th of March, Kar Heng Khaw sold around 9k shares on-market at roughly Rp14,060 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp7.1b more than they bought in the last 12 months.
Reported Earnings • Mar 04Full year 2025 earnings released: EPS: US$0.023 (vs US$0.028 in FY 2024)Full year 2025 results: EPS: US$0.023 (down from US$0.028 in FY 2024). Revenue: US$3.43b (flat on FY 2024). Net income: US$767.9m (down 17% from FY 2024). Profit margin: 22% (down from 27% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Feb 27Director recently sold Rp285m worth of stockOn the 25th of February, Kar Heng Khaw sold around 20k shares on-market at roughly Rp14,314 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Rp4.4b. Insiders have been net sellers, collectively disposing of Rp6.9b more than they bought in the last 12 months.
Recent Insider Transactions • Feb 10Chief Development Officer & Director recently sold Rp1.1b worth of stockOn the 5th of February, Russell Neil sold around 74k shares on-market at roughly Rp15,089 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Rp1.3b more than they bought in the last 12 months.
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: US$0.015 (vs US$0.007 in 3Q 2024)Third quarter 2025 results: EPS: US$0.015. Revenue: US$818.1m (down 13% from 3Q 2024). Net income: US$172.9m (down 29% from 3Q 2024). Profit margin: 21% (down from 26% in 3Q 2024). The decrease in margin was driven by lower revenue.
Board Change • Oct 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent President Commissioner Hendarman Soepanji was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • May 20PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025PT Bayan Resources Tbk., Annual General Meeting, Jun 25, 2025.
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp17,550, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,357% over the past three years.
공시 • May 22PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024PT Bayan Resources Tbk., Annual General Meeting, Jun 27, 2024.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.01 (vs US$0.013 in 1Q 2023)First quarter 2024 results: EPS: US$0.01 (down from US$0.013 in 1Q 2023). Revenue: US$769.1m (down 27% from 1Q 2023). Net income: US$210.6m (down 50% from 1Q 2023). Profit margin: 27% (down from 40% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: US$0.04 (vs US$0.065 in FY 2022)Full year 2023 results: EPS: US$0.04 (down from US$0.065 in FY 2022). Revenue: US$3.58b (down 24% from FY 2022). Net income: US$1.24b (down 43% from FY 2022). Profit margin: 35% (down from 46% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 146% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Dec 11Upcoming dividend of US$0.015 per share at 3.6% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 05 January 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of Indonesian dividend payers (6.0%). Lower than average of industry peers (10%).
Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: US$0.01 (vs US$0.02 in 3Q 2022)Third quarter 2023 results: EPS: US$0.01 (down from US$0.02 in 3Q 2022). Revenue: US$717.9m (down 47% from 3Q 2022). Net income: US$186.7m (down 72% from 3Q 2022). Profit margin: 26% (down from 49% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 130% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Nov 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Aug 02New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 101% High level of non-cash earnings (27% accrual ratio).
Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: US$0.008 (vs US$0.018 in 2Q 2022)Second quarter 2023 results: EPS: US$0.008 (down from US$0.018 in 2Q 2022). Revenue: US$990.2m (down 19% from 2Q 2022). Net income: US$304.9m (down 49% from 2Q 2022). Profit margin: 31% (down from 49% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 26New 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 8.0% 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 High level of non-cash earnings (24% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to Rp18,800, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 4x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,809% over the past three years.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to Rp15,850, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,408% over the past three years.
Valuation Update With 7 Day Price Move • May 30Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to Rp16,075, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,323% over the past three years.
Reported Earnings • Mar 11Full year 2022 earnings released: EPS: US$0.07 (vs US$0.036 in FY 2021)Full year 2022 results: EPS: US$0.07 (up from US$0.036 in FY 2021). Revenue: US$4.70b (up 65% from FY 2021). Net income: US$2.18b (up 80% from FY 2021). Profit margin: 46% (up from 43% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 15White Energy Company Limited Announces Singapore Court of Appeal Delivers JudgementWhite Energy Company Limited refers to its previous announcements in relation to the proceedings brought by its subsidiaries, BCBC Singapore Pte Ltd. ("BCBCS") and Binderless Coal Briquetting Company Pty Limited against PT Bayan Resources Tbk ("BR") and Bayan International Pte Ltd. (collectively, "Bayan") in connection with the KSC joint venture. As shareholders are aware, BCBCS filed an appeal in the Singapore Court of Appeal (the "Court") in order to appeal certain of the findings made by the Singapore International Commercial Court in tranche 3 of the proceedings, which was heard by the Court in October 2022. The Court delivered its judgement on 10 February and has dismissed the appeal. The Court held that Bayan would have been able to call upon its shareholder loans as an unpaid creditor to bring the joint venture to an end, even in circumstances where it had clearly breached the agreement. The Court noted that BCBCS was successful in the first and second tranches of the proceedings, in establishing that Bayan acted in breach of its coal supply obligations under the joint venture deed. The Court found that BCBCS was not able to prove that it suffered substantial damages as a consequence. The Court further found that this did not detract from BCBCS' success in establishing BR's liability for breach of contract and the Court awarded BCBCS $1,000 in nominal damages. The Company is disappointed with the outcome of the appeal and that Bayan has not been held to account for its breaches of contract and that BCBCS has not been properly compensated for such breaches. The coal supply contract required Bayan to supply the 35% moisture coal to the joint venture plant at $8.60 per tonne. The coal would then be upgraded from 4200 Kcal to 6100 Kcals /kg. Such coal was recently selling for in excess of $200 per tonne. BCBCS estimates that it would have made upwards of $88 million from its share of the joint venture. When Bayan entered into the joint venture in 2006 it was nearly impossible to export 35% moisture coal, however by 2011 China, South Korea and India were leading the way in purchasing high moisture Indonesian coal due to the expanding demand for thermal coal. The capital invested in the project was substantial, with BCBCS contributing over $100 million and Bayan contributing $40 million, by way of shareholder loans instead of equity from both parties, which is not uncommon and which are normally rolled over or partially rolled over if the parties are not in a position to repay them. The market took off in 2019/20 and both parties would have enjoyed substantial returns from the project, however, the Court accepted Bayan's argument that when the shareholder loans were due to start to be repaid in June 2012, Bayan would have called in their $40 million loans and exercised their right as an unpaid creditor to bring the joint venture to an end. Of course, the project didn't even get to that point in June 2012 because Bayan stopped coal supply in 2011. By breaching the contract, Bayan could then enjoy the proceeds from 100% of the 1.5 million tonne coal supply instead of 49%. The outcome has ignored the ability and willingness of BCBCS to repay Bayan's loans using the ample funds it could have earned from its share of the joint venture and the funding support from WEC in furtherance of what was an important formative BCB project. Bayan's financial statements show that they have made substantial profit from their sales of this high moisture coal. In fact, over the last few years, they have paid down borrowings of US$395 million and paid dividends of $1,424 million. The outcome has ignored the significant sums invested by BCBCS which were rendered futile due to Bayan's breaches of the agreement. Due to the breaches, the plant and power station were stranded in a remote part of Indonesia and were vandalized. The Company considers that the damage it suffered as a result of Bayan's repudiation of the agreement was undoubtedly significant and that the award of S$1,000 in damages clearly does not recognise the substantial losses suffered by the Company. BCBCS' application for leave to appeal the costs order made by the SICC in relation to the costs of the trial remains to be determined by the Court. The Court has directed that BCBCS file further submissions by 17 February and for Bayan to file its response by 24 February. The Company will provide further updates to shareholders in due course.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improved over the past weekAfter last week's 24% share price gain to Rp16,300, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 5x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 1,150% over the past three years.
Upcoming Dividend • Dec 13Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 20 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indonesian dividend payers (5.0%). Lower than average of industry peers (5.8%).
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 24% share price gain to Rp11,325, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 831% over the past three years.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp83,975, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 6x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 562% over the past three years.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.094 in 3Q 2021)Third quarter 2022 results: EPS: US$0.20 (up from US$0.094 in 3Q 2021). Revenue: US$1.34b (up 85% from 3Q 2021). Net income: US$656.7m (up 110% from 3Q 2021). Profit margin: 49% (up from 43% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 14Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.051 in 2Q 2021)Second quarter 2022 results: EPS: US$0.18 (up from US$0.051 in 2Q 2021). Revenue: US$1.22b (up 134% from 2Q 2021). Net income: US$602.2m (up 252% from 2Q 2021). Profit margin: 49% (up from 33% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to Rp75,000, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 9x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 437% over the past three years.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to Rp66,000, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 401% over the past three years.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp52,275, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 231% over the past three years.
Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: US$0.11 (up from US$0.05 in 1Q 2021). Revenue: US$783.8m (up 56% from 1Q 2021). Net income: US$368.6m (up 122% from 1Q 2021). Profit margin: 47% (up from 33% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Independent Commissioner H. Moermahadi Djanegara was the last independent director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 01Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: US$0.36 (up from US$0.099 in FY 2020). Revenue: US$2.85b (up 104% from FY 2020). Net income: US$1.21b (up 269% from FY 2020). Profit margin: 43% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 32% per year.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp43,500, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 12x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 177% over the past three years.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to Rp35,425, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 10x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 133% over the past three years.
Reported Earnings • Nov 30Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2021 results: EPS: US$0.10 (up from US$0.012 in 3Q 2020). Revenue: US$725.4m (up 136% from 3Q 2020). Net income: US$313.3m (up US$274.3m from 3Q 2020). Profit margin: 43% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to Rp17,425, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 12% over the past three years.
Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS US$0.05 (vs US$0.01 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$522.6m (up 42% from 2Q 2020). Net income: US$171.2m (up 408% from 2Q 2020). Profit margin: 33% (up from 9.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.
Upcoming Dividend • May 24Inaugural dividend of US$0.09 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 15 June 2021. The company last paid an ordinary dividend in November 2012. The average dividend yield among industry peers is 5.9%.
Reported Earnings • Apr 27First quarter 2021 earnings released: EPS US$0.05 (vs US$0.011 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$501.0m (up 54% from 1Q 2020). Net income: US$165.9m (up 367% from 1Q 2020). Profit margin: 33% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS US$0.10 (vs US$0.067 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$1.40b (flat on FY 2019). Net income: US$328.7m (up 47% from FY 2019). Profit margin: 24% (up from 16% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 15New 90-day low: Rp13,900The company is down 3.0% from its price of Rp14,300 on 17 November 2020. The Indonesian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 15% over the same period.
Is New 90 Day High Low • Jan 08New 90-day high: Rp16,000The company is up 27% from its price of Rp12,625 on 02 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 30% over the same period.
Is New 90 Day High Low • Dec 04New 90-day high: Rp15,850The company is up 26% from its price of Rp12,600 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 Oil and Gas industry, which is up 17% over the same period.
Is New 90 Day High Low • Nov 10New 90-day high: Rp13,750The company is up 4.0% from its price of Rp13,275 on 11 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 Oil and Gas industry, which is down 7.0% over the same period.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of US$122.0m, down 62% from the prior year. Total revenue was US$1.25b over the last 12 months, down 20% from the prior year.
