PT Indo Tambangraya Megah Tbk

IDX:ITMG Stock Report

Market Cap: Rp30.2t

Indo Tambangraya Megah Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 ITMG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ITMG (IDR26700) is trading above our estimate of fair value (IDR18858.49)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ITMG. This is calculated by dividing ITMG's market cap by their current earnings.
What is ITMG's PE Ratio?
PE Ratio5.1x
EarningsUS$367.51m
Market CapUS$1.87b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ITMG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.1x
PTBA Bukitm
5.9x-8.3%Rp31.7t
MCOL Prima Andalan Mandiri
7.8xn/aRp18.8t
BUMI Bumi Resources
36xn/aRp43.8t
AADI Adaro Andalan Indonesia
2.9x-32.5%Rp66.0t
ITMG Indo Tambangraya Megah
5.1x-9.2%Rp30.2t

Price-To-Earnings vs Peers: ITMG is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (13.1x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
ITMG 5.1xIndustry Avg. 7.7xNo. of Companies12PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ITMG is good value based on its Price-To-Earnings Ratio (5.1x) compared to the ID Oil and Gas industry average (7.7x).

Price to Earnings Ratio vs Fair Ratio

What is ITMG'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.

ITMG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ratio5.7x

Price-To-Earnings vs Fair Ratio: ITMG is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (5.7x).

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 ITMG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp26,700.00
Rp27,768.19
+4.0%
11.6%Rp34,742.16Rp22,209.60n/a18
Dec ’25Rp26,650.00
Rp27,539.77
+3.3%
10.9%Rp34,667.70Rp22,162.00n/a18
Nov ’25Rp25,500.00
Rp26,814.14
+5.2%
12.2%Rp34,369.86Rp21,092.74n/a18
Oct ’25Rp26,350.00
Rp26,047.74
-1.1%
12.2%Rp33,285.81Rp20,427.46n/a18
Sep ’25Rp27,225.00
Rp25,661.40
-5.7%
11.3%Rp31,582.07Rp20,817.22n/a16
Aug ’25Rp26,625.00
Rp26,960.49
+1.3%
11.5%Rp32,031.66Rp21,819.84n/a14
Jul ’25Rp24,275.00
Rp26,708.19
+10.0%
12.3%Rp31,978.72Rp20,502.94n/a15
Jun ’25Rp24,975.00
Rp26,033.36
+4.2%
11.4%Rp30,546.24Rp20,407.49n/a16
May ’25Rp25,225.00
Rp26,383.05
+4.6%
12.8%Rp34,207.36Rp20,333.38n/a16
Apr ’25Rp26,300.00
Rp25,332.02
-3.7%
11.1%Rp29,157.57Rp19,838.52n/a15
Mar ’25Rp26,250.00
Rp25,370.64
-3.3%
23.4%Rp43,506.53Rp15,712.00n/a15
Feb ’25Rp26,625.00
Rp25,467.25
-4.3%
23.6%Rp43,653.29Rp15,765.00n/a14
Jan ’25Rp25,650.00
Rp24,880.54
-3.0%
22.6%Rp42,864.12Rp15,480.00n/a15
Dec ’24Rp24,550.00
Rp25,178.02
+2.6%
22.3%Rp42,700.75Rp15,421.00Rp26,650.0014
Nov ’24Rp25,025.00
Rp30,304.02
+21.1%
33.3%Rp54,642.51Rp15,843.00Rp25,500.0013
Oct ’24Rp28,975.00
Rp31,430.67
+8.5%
31.8%Rp53,018.03Rp15,372.00Rp26,350.0015
Sep ’24Rp29,200.00
Rp31,324.96
+7.3%
30.7%Rp52,586.90Rp15,247.00Rp27,225.0016
Aug ’24Rp27,000.00
Rp33,307.24
+23.4%
28.5%Rp52,017.82Rp16,137.74Rp26,625.0017
Jul ’24Rp24,125.00
Rp35,286.46
+46.3%
23.0%Rp51,700.51Rp16,039.30Rp24,275.0017
Jun ’24Rp22,125.00
Rp35,834.02
+62.0%
19.7%Rp51,521.16Rp17,776.22Rp24,975.0020
May ’24Rp33,300.00
Rp36,579.88
+9.8%
20.3%Rp51,503.92Rp17,770.27Rp25,225.0020
Apr ’24Rp39,400.00
Rp38,387.62
-2.6%
19.1%Rp53,028.86Rp19,947.20Rp26,300.0020
Mar ’24Rp36,975.00
Rp39,314.62
+6.3%
21.1%Rp52,672.90Rp19,813.30Rp26,250.0019
Feb ’24Rp35,500.00
Rp40,330.94
+13.6%
23.0%Rp57,004.65Rp19,440.20Rp26,625.0019
Jan ’24Rp39,025.00
Rp42,518.60
+9.0%
23.0%Rp59,390.96Rp20,254.00Rp25,650.0019
Dec ’23Rp42,000.00
Rp42,208.85
+0.5%
23.6%Rp58,632.37Rp19,995.30Rp24,550.0018

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:04
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PT Indo Tambangraya Megah Tbk is covered by 41 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ephrem RaviBarclays
Prama ChusnunBNP Paribas Securities (Asia)
Tansino AuliaBofA Global Research