PT Alamtri Resources Indonesia Tbk

DB:A64 Stock Report

Market Cap: €6.7b

Alamtri Resources Indonesia Valuation

Is A64 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A64 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A64 (€0.21) is trading below our estimate of fair value (€0.33)

Significantly Below Fair Value: A64 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A64?

Key metric: As A64 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A64. This is calculated by dividing A64's market cap by their current earnings.
What is A64's PE Ratio?
PE Ratio4.4x
EarningsUS$1.61b
Market CapUS$7.09b

Price to Earnings Ratio vs Peers

How does A64's PE Ratio compare to its peers?

The above table shows the PE ratio for A64 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.5x
ETG EnviTec Biogas
9.4xn/a€470.7m
CE2 CropEnergies
81.8xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
VH2 Friedrich Vorwerk Group
19.4x12.9%€546.0m
A64 Alamtri Resources Indonesia
4.4x-18.4%€112.9t

Price-To-Earnings vs Peers: A64 is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

How does A64's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
A64 4.4xIndustry Avg. 9.0xNo. of Companies16PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A64 is good value based on its Price-To-Earnings Ratio (4.4x) compared to the European Oil and Gas industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is A64's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A64 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ratio15.7x

Price-To-Earnings vs Fair Ratio: A64 is good value based on its Price-To-Earnings Ratio (4.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A64 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.21
€0.22
+4.5%
18.5%€0.28€0.12n/a17
Nov ’25€0.23
€0.21
-6.6%
17.4%€0.27€0.12n/a17
Oct ’25€0.24
€0.20
-16.3%
16.7%€0.24€0.11n/a17
Sep ’25€0.20
€0.19
-3.7%
19.1%€0.24€0.11n/a15
Aug ’25€0.17
€0.18
+5.5%
17.4%€0.25€0.11n/a15
Jul ’25€0.15
€0.18
+20.6%
18.0%€0.25€0.12n/a16
Jun ’25€0.15
€0.18
+18.3%
17.2%€0.25€0.12n/a16
May ’25€0.14
€0.18
+21.0%
20.2%€0.25€0.12n/a17
Apr ’25€0.15
€0.17
+15.5%
17.8%€0.24€0.12n/a16
Mar ’25€0.14
€0.17
+23.2%
17.8%€0.24€0.12n/a15
Feb ’25€0.14
€0.17
+25.6%
17.9%€0.24€0.12n/a15
Jan ’25€0.15
€0.17
+15.2%
17.1%€0.24€0.13n/a16
Dec ’24€0.15
€0.18
+25.3%
19.8%€0.26€0.13n/a15
Nov ’24€0.14
€0.19
+39.2%
19.3%€0.27€0.14€0.2315
Oct ’24€0.17
€0.20
+15.5%
20.4%€0.28€0.14€0.2415
Sep ’24€0.16
€0.20
+25.9%
20.5%€0.27€0.14€0.2016
Aug ’24€0.14
€0.21
+48.5%
22.7%€0.33€0.14€0.1717
Jul ’24€0.13
€0.23
+78.0%
18.1%€0.34€0.15€0.1519
Jun ’24€0.12
€0.23
+99.1%
17.1%€0.34€0.16€0.1520
May ’24€0.18
€0.23
+26.7%
17.1%€0.33€0.15€0.1420
Apr ’24€0.17
€0.24
+42.3%
17.1%€0.33€0.16€0.1520
Mar ’24€0.18
€0.26
+46.1%
15.3%€0.33€0.17€0.1419
Feb ’24€0.17
€0.25
+46.2%
15.1%€0.32€0.16€0.1420
Jan ’24€0.23
€0.26
+13.2%
13.4%€0.33€0.20€0.1521
Dec ’23€0.23
€0.26
+14.7%
16.2%€0.33€0.16€0.1520
Nov ’23€0.24
€0.29
+20.1%
13.6%€0.33€0.17€0.1419

Analyst Forecast: Target price is lower than the current share price.

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