DB:BNB

Stock Analysis Report

Bayan Resources

Executive Summary

PT Bayan Resources Tbk, together with its subsidiaries, engages in the open cut mining and sale of coal in Kalimantan.


Snowflake Analysis

Excellent balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Bayan Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BNB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

BNB

5.2%

DE Oil and Gas

1.7%

DE Market


1 Year Return

-20.7%

BNB

80.1%

DE Oil and Gas

15.0%

DE Market

Return vs Industry: BNB underperformed the German Oil and Gas industry which returned 80.1% over the past year.

Return vs Market: BNB underperformed the German Market which returned 15% over the past year.


Shareholder returns

BNBIndustryMarket
7 Day-1.7%5.2%1.7%
30 Day-9.7%7.9%1.4%
90 Day10.0%38.4%3.3%
1 Year-14.8%-20.7%85.2%80.1%18.5%15.0%
3 Year199.4%162.7%17.8%8.0%17.1%6.9%
5 Year105.5%80.3%331.1%263.6%24.3%7.3%

Price Volatility Vs. Market

How volatile is Bayan Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bayan Resources undervalued compared to its fair value and its price relative to the market?

11.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BNB (€0.88) is trading above our estimate of fair value (€0.53)

Significantly Below Fair Value: BNB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BNB is poor value based on its PE Ratio (11.5x) compared to the Oil and Gas industry average (10.9x).

PE vs Market: BNB is good value based on its PE Ratio (11.5x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BNB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BNB is overvalued based on its PB Ratio (6.4x) compared to the DE Oil and Gas industry average (1.3x).


Next Steps

Future Growth

How is Bayan Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bayan Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bayan Resources performed over the past 5 years?

64.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNB has high quality earnings.

Growing Profit Margin: BNB's current net profit margins (20.4%) are lower than last year (30.9%).


Past Earnings Growth Analysis

Earnings Trend: BNB has become profitable over the past 5 years, growing earnings by 64.6% per year.

Accelerating Growth: BNB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BNB had negative earnings growth (-34.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-5.3%).


Return on Equity

High ROE: BNB's Return on Equity (55.7%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bayan Resources's financial position?


Financial Position Analysis

Short Term Liabilities: BNB's short term assets ($372.4M) do not cover its short term liabilities ($410.0M).

Long Term Liabilities: BNB's short term assets ($372.4M) exceed its long term liabilities ($75.2M).


Debt to Equity History and Analysis

Debt Level: BNB's debt to equity ratio (31.5%) is considered satisfactory.

Reducing Debt: BNB's debt to equity ratio has reduced from 143.5% to 31.5% over the past 5 years.

Debt Coverage: BNB's debt is well covered by operating cash flow (151.8%).

Interest Coverage: BNB's interest payments on its debt are well covered by EBIT (188x coverage).


Balance Sheet

Inventory Level: BNB has a high level of physical assets or inventory.

Debt Coverage by Assets: BNB's debt is covered by short term assets (assets are 2x debt).


Next Steps

Dividend

What is Bayan Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage6.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate BNB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BNB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BNB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BNB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BNB is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BNB's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.9yrs

Average management tenure


CEO

Tuck Kwong Low (71yo)

2.1yrs

Tenure

0

Dr. Low Tuck Kwong is the Founder and primary and controlling shareholder of Bayan Group. He was appointed as PT Bayan Resources, Tbk (formerly, PT. Bayan Resources, Tbk)’s President Director since 10 Janu ...


Leadership Team

NamePositionTenureCompensationOwnership
Tuck Kwong Low
President Director2.1yrsno data53.86% $1.8b
Alastair Gordon McLeod
CFO & Director11.9yrsno data0.0090% $306.7k
Chai Lim
COO & Director13.6yrsno data0.0090% $306.7k
Yi Ngo Low
Director of Sales & Marketing and Director13.6yrsno data0.17% $5.8m
Russell Neil
Chief Development Officer & Director11.9yrsno data0.0090% $306.7k
Eugene Poray
Head of Mine Planning14.9yrsno datano data
Duncan Buchanan
Chief Geologist13.1yrsno datano data
Jenny Quantero
Director of Corporate Affairs15.3yrsno data2.98% $101.7m
Engki Wibowo
Director of Occupational Health13.6yrsno data5.96% $203.2m
Insu Lee
Director of Risk Management & Director2.7yrsno datano data

11.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: BNB's management team is seasoned and experienced (11.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tuck Kwong Low
President Director2.1yrsno data53.86% $1.8b
Alastair Gordon McLeod
CFO & Director11.9yrsno data0.0090% $306.7k
Chai Lim
COO & Director13.6yrsno data0.0090% $306.7k
Yi Ngo Low
Director of Sales & Marketing and Director13.6yrsno data0.17% $5.8m
Russell Neil
Chief Development Officer & Director11.9yrsno data0.0090% $306.7k
Jenny Quantero
Director of Corporate Affairs15.3yrsno data2.98% $101.7m
Engki Wibowo
Director of Occupational Health13.6yrsno data5.96% $203.2m
Insu Lee
Director of Risk Management & Director2.7yrsno datano data
Rozik Soetjipto
Independent Commissioner11.9yrsno datano data
Michael Sumarijanto
Commissioner11.9yrsno data0.019% $660.5k

11.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: BNB's board of directors are seasoned and experienced ( 11.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PT Bayan Resources Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Bayan Resources Tbk
  • Ticker: BNB
  • Exchange: DB
  • Founded: 1973
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: Rp50.667t
  • Listing Market Cap: Rp3.408b
  • Shares outstanding: 3.33b
  • Website: https://www.bayan.com.sg

Number of Employees


Location

  • PT Bayan Resources Tbk
  • Office 8 Building
  • 37th floor, Sudirman CBD Lot 28
  • Jakarta
  • 12190
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYANIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDRAug 2008
BNBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 2008
BYRS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDAug 2008

Biography

PT Bayan Resources Tbk, together with its subsidiaries, engages in the open cut mining and sale of coal in Kalimantan. It operates through Coal and Non-Coal segments. The company produces semi-soft coking, low sulfur, and sub-bituminous coal. It has rights to mine five coal contracts of works and three Kuasa Pertambangan’s with a concession area of 81,265 hectares. The company also operates a Balikpapan coal terminal located in Balikpapan, East Kalimantan. It owns and manages 11 tugboat units, 15 barge units, and 2 floating transfer station units. In addition, the company is involved in the provision of mining contractor, construction, transportation, and trading services. PT Bayan Resources Tbk was founded in 1973 and is headquartered in Jakarta, Indonesia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/15 21:59
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.