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Bayan Resources

DB:BNB
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BNB
DB
IDR63,333B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PT Bayan Resources Tbk, together with its subsidiaries, engages in the open cut mining and sale of coal in Kalimantan. The last earnings update was 117 days ago. More info.


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BNB Share Price and Events
7 Day Returns
3.6%
DB:BNB
-0.1%
DE Oil and Gas
1.2%
DE Market
1 Year Returns
85.5%
DB:BNB
4%
DE Oil and Gas
-11.2%
DE Market
BNB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bayan Resources (BNB) 3.6% 4.5% -0.9% 85.5% 123.7% 121.2%
DE Oil and Gas -0.1% 8.3% 19.3% 4% 10.5% 37.5%
DE Market 1.2% 2.7% 1.7% -11.2% 12% 6.1%
1 Year Return vs Industry and Market
  • BNB outperformed the Oil and Gas industry which returned 4% over the past year.
  • BNB outperformed the Market in Germany which returned -11.2% over the past year.
Price Volatility
BNB
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Bayan Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bayan Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bayan Resources.

DB:BNB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BNB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.606 (1 + (1- 25%) (0.53%))
0.609
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 9.77%)
8.05%

Discounted Cash Flow Calculation for DB:BNB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bayan Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:BNB DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 377.42 396.39 416.30 437.22 459.19
Source Est @ 5.02% Est @ 5.02% Est @ 5.02% Est @ 5.02% Est @ 5.02%
Present Value
Discounted (@ 8.05%)
349.32 339.55 330.06 320.83 311.86
Present value of next 5 years cash flows $1,651.61
DB:BNB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $459.19 × (1 + 0.23%) ÷ (8.05% – 0.23%)
$5,887.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $5,887.18 ÷ (1 + 8.05%)5
$3,998.27
DB:BNB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,651.61 + $3,998.27
$5,649.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,649.88 / 3,333.33
$1.69
DB:BNB Discount to Share Price
Calculation Result
Exchange Rate USD/IDR
(Reporting currency to currency of IDX:BYAN)
14044
Value per Share
(IDR)
= Value per Share in USD x Exchange Rate (USD/IDR)
= $1.69 x 14044
IDR23804.08
Non-primary Listing Adjustment Factor 1 share in DB:BNB represents 6.0E-5x of IDX:BYAN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
6.0E-5x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 23,804.08 x 6.0E-5
€1.44
Value per share (EUR) From above. €1.44
Current discount Discount to share price of €1.15
= -1 x (€1.15 - €1.44) / €1.44
20.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bayan Resources is available for.
Intrinsic value
20%
Share price is €1.15 vs Future cash flow value of €1.44
Current Discount Checks
For Bayan Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bayan Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bayan Resources's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bayan Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bayan Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BNB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.15
IDX:BYAN Share Price ** IDX (2019-02-22) in IDR IDR19000
IDX:BYAN Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $1.35
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 15.05x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bayan Resources.

DB:BNB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:BYAN Share Price ÷ EPS (both in USD)

= 1.35 ÷ 0.15

9.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bayan Resources is good value based on earnings compared to the DE Oil and Gas industry average.
  • Bayan Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bayan Resources's expected growth come at a high price?
Raw Data
DB:BNB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-18.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 0.88x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bayan Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bayan Resources's assets?
Raw Data
DB:BNB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.20
IDX:BYAN Share Price * IDX (2019-02-22) in IDR IDR19000
IDX:BYAN Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $1.35
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.95x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.78x
DB:BNB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:BYAN Share Price ÷ Book Value per Share (both in USD)

= 1.35 ÷ 0.20

6.72x

* Primary Listing of Bayan Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bayan Resources is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Bayan Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Bayan Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Bayan Resources, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-18.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bayan Resources expected to grow at an attractive rate?
  • Bayan Resources's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bayan Resources's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare Bayan Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:BNB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BNB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -18.5%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BNB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BNB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,592 562 492
2018-06-30 1,481 511 470
2018-03-31 1,288 489 389
2017-12-31 1,067 432 320
2017-09-30 896 341 253
2017-06-30 757 263 173
2017-03-31 649 202 83
2016-12-31 555 99 29
2016-09-30 505 20 -46
2016-06-30 442 -16 -74
2016-03-31 445 6 -47
2015-12-31 465 52 -64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bayan Resources's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bayan Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BNB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bayan Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BNB Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.15
2018-06-30 0.14
2018-03-31 0.12
2017-12-31 0.10
2017-09-30 0.08
2017-06-30 0.05
2017-03-31 0.02
2016-12-31 0.01
2016-09-30 -0.01
2016-06-30 -0.02
2016-03-31 -0.01
2015-12-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bayan Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bayan Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bayan Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bayan Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bayan Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bayan Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Bayan Resources's 1-year earnings growth exceeds its 5-year average (94.7% vs 71.3%)
  • Bayan Resources's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (94.7% vs 25.3%).
Earnings and Revenue History
Bayan Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bayan Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BNB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,592.12 492.43 143.05
2018-06-30 1,481.39 470.11 131.85
2018-03-31 1,287.91 388.68 117.81
2017-12-31 1,067.38 319.81 106.09
2017-09-30 896.38 252.86 95.42
2017-06-30 756.89 172.77 99.11
2017-03-31 649.03 82.51 97.86
2016-12-31 555.48 28.76 91.16
2016-09-30 504.84 -45.94 94.19
2016-06-30 442.18 -73.60 82.00
2016-03-31 445.32 -46.67 86.65
2015-12-31 465.01 -64.40 95.98
2015-09-30 508.02 -142.17 96.64
2015-06-30 623.49 -143.55 104.76
2015-03-31 702.46 -155.91 102.42
2014-12-31 828.26 -138.38 105.70
2014-09-30 954.62 -34.61 105.31
2014-06-30 972.19 -55.98 102.76
2014-03-31 1,061.62 -43.22 109.27
2013-12-31 1,147.47 -36.31 113.38
2013-09-30 1,189.44 -94.12 128.13
2013-06-30 1,260.71 -49.16 130.46
2013-03-31 1,348.91 -38.69 133.44
2012-12-31 1,422.88 -10.08 138.90
2012-09-30 1,528.51 104.06 190.38
2012-06-30 1,567.45 148.64 197.97
2012-03-31 1,552.53 169.42 191.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bayan Resources made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Bayan Resources used its assets more efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Bayan Resources has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Bayan Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bayan Resources has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bayan Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bayan Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bayan Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bayan Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bayan Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 20.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bayan Resources Company Filings, last reported 4 months ago.

DB:BNB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 756.08 23.99 169.41
2018-06-30 640.76 98.78 134.72
2018-03-31 642.69 54.28 170.46
2017-12-31 515.60 99.23 58.67
2017-09-30 408.20 262.84 96.14
2017-06-30 311.84 396.77 143.65
2017-03-31 243.57 423.06 107.40
2016-12-31 188.15 481.43 59.77
2016-09-30 142.84 540.25 82.99
2016-06-30 134.28 540.02 81.37
2016-03-31 170.77 539.59 73.98
2015-12-31 172.16 538.84 90.29
2015-09-30 226.59 542.05 86.65
2015-06-30 242.49 541.50 117.63
2015-03-31 236.36 540.80 97.00
2014-12-31 255.53 573.90 80.08
2014-09-30 423.27 605.35 121.65
2014-06-30 440.33 612.70 137.20
2014-03-31 448.18 645.25 136.95
2013-12-31 449.84 677.66 181.38
2013-09-30 678.52 714.19 212.22
2013-06-30 726.48 665.50 198.73
2013-03-31 731.43 643.24 201.17
2012-12-31 509.84 641.97 152.77
2012-09-30 708.68 554.68 99.46
2012-06-30 701.22 399.60 115.93
2012-03-31 756.40 388.67 128.18
  • Bayan Resources's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (105.6% vs 3.2% today).
  • Debt is well covered by operating cash flow (2344.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 119.4x coverage).
X
Financial health checks
We assess Bayan Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bayan Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bayan Resources dividends.
If you bought €2,000 of Bayan Resources shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bayan Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bayan Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BNB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 59 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BNB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2013-03-27 0.000 0.000
2012-11-30 0.020 2.283
2012-07-30 0.021 1.796
2011-09-09 0.008 0.493
2011-03-30 0.009 0.406
2009-11-30 0.000 0.000
2009-08-31 0.000 0.000
2009-05-01 0.000 0.000
2009-03-31 0.000 0.000
2009-03-30 0.000 0.000
2009-02-24 0.003 2.997

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bayan Resources has not reported any payouts.
  • Unable to verify if Bayan Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bayan Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bayan Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bayan Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bayan Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bayan Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bayan Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tuck Kwong Low
AGE 70
TENURE AS CEO 1.1 years
CEO Bio

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 January 2018 and President Director for most of Bayan Group subsidiaries. Previously, he held key positions as President Director of PT Bayan Resources Tbk (2004-2008), President Commissioner of PT Bayan Resources Tbk (2008-2018), and Member of the Remuneration and Nomination Committee (2016-2018). He was awarded with Honoris Causa (HC) degree by the University of Notre Dame in Dadiangas, Phillippines on 17 March 2012. Dato’ has a Diploma in Civil Engineering from the Japan Institute. He is the father of Low Yi Ngo, one of the Company Directors.

CEO Compensation
  • Insufficient data for Tuck Kwong to compare compensation growth.
  • Insufficient data for Tuck Kwong to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bayan Resources management team in years:

10.9
Average Tenure
57.5
Average Age
  • The average tenure for the Bayan Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tuck Kwong Low

TITLE
President Director
AGE
70
TENURE
1.1 yrs

Alastair Gordon McLeod

TITLE
CFO & Director
AGE
52
TENURE
10.9 yrs

Chai Lim

TITLE
COO & Director
AGE
58
TENURE
12 yrs

David Low

TITLE
Director of Sales & Marketing and Director
AGE
39

Russell Neil

TITLE
Chief Development Officer & Director
AGE
47
TENURE
10.9 yrs

Eugene Poray

TITLE
Head of Mine Planning
AGE
60
TENURE
13.9 yrs

Duncan Buchanan

TITLE
Chief Geologist
AGE
57
TENURE
12.1 yrs

Jenny Quantero

TITLE
Director of Corporate Affairs
AGE
67
TENURE
10.9 yrs

Engki Wibowo

TITLE
Director of Occupational Health
AGE
68

Insu Lee

TITLE
Director of Risk Management & Director
AGE
42
Board of Directors Tenure

Average tenure and age of the Bayan Resources board of directors in years:

10.9
Average Tenure
62.5
Average Age
  • The average tenure for the Bayan Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tuck Kwong Low

TITLE
President Director
AGE
70
TENURE
10.9 yrs

Alastair Gordon McLeod

TITLE
CFO & Director
AGE
52
TENURE
10.9 yrs

Chai Lim

TITLE
COO & Director
AGE
58
TENURE
12.6 yrs

David Low

TITLE
Director of Sales & Marketing and Director
AGE
39
TENURE
12.6 yrs

Russell Neil

TITLE
Chief Development Officer & Director
AGE
47
TENURE
10.9 yrs

Jenny Quantero

TITLE
Director of Corporate Affairs
AGE
67
TENURE
14.3 yrs

Engki Wibowo

TITLE
Director of Occupational Health
AGE
68
TENURE
12.6 yrs

Insu Lee

TITLE
Director of Risk Management & Director
AGE
42
TENURE
1.7 yrs

Michael Sumarijanto

TITLE
Commissioner
AGE
75
TENURE
10.9 yrs

Rozik Soetjipto

TITLE
Independent Commissioner
AGE
75
TENURE
10.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bayan Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bayan Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

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; and PIK Jetty located in Bengalon, 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.

Details
Name: PT Bayan Resources Tbk
BNB
Exchange: DB
Founded: 1973
IDR3,977,048,523
3,333,333,500
Website: http://www.bayan.com.sg
Address: PT Bayan Resources Tbk
Office 8 Building,
37th floor, Sudirman CBD Lot 28,
Jakarta,
12190,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX BYAN Ordinary Shares Indonesia Stock Exchange ID IDR 12. Aug 2008
DB BNB Ordinary Shares Deutsche Boerse AG DE EUR 12. Aug 2008
Number of employees
Current staff
Staff numbers
2,550
Bayan Resources employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 21:34
End of day share price update: 2019/02/22 00:00
Last earnings filing: 2018/10/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.