PT Indo Tambangraya Megah Tbk

IDX:ITMG Stock Report

Market Cap: Rp30.9t

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 (IDR27375) is trading above our estimate of fair value (IDR18417.23)

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 Ratio5.3x
EarningsUS$367.51m
Market CapUS$1.94b

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 Average6.2x
PTBA Bukitm
5.8x-5.8%Rp31.3t
MCOL Prima Andalan Mandiri
8xn/aRp19.1t
GEMS Golden Energy Mines
7.5xn/aRp59.9t
ABMM ABM Investama
3.5xn/aRp9.7t
ITMG Indo Tambangraya Megah
5.3x-9.5%Rp30.9t

Price-To-Earnings vs Peers: ITMG is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (6.2x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CNKO Exploitasi Energi Indonesia
1.4xn/aUS$3.39m
No more companies available in this PE range
ITMG 5.3xIndustry Avg. 7.7xNo. of Companies11PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ITMG is good value based on its Price-To-Earnings Ratio (5.3x) 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 Ratio5.3x
Fair PE Ratio5.7x

Price-To-Earnings vs Fair Ratio: ITMG is good value based on its Price-To-Earnings Ratio (5.3x) 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
CurrentRp27,375.00
Rp27,197.84
-0.6%
11.1%Rp34,667.70Rp22,162.00n/a17
Nov ’25Rp25,500.00
Rp26,683.57
+4.6%
12.4%Rp34,369.86Rp21,092.74n/a17
Oct ’25Rp26,350.00
Rp25,925.85
-1.6%
12.5%Rp33,285.81Rp20,427.46n/a17
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%Rp42,700.75Rp15,421.00n/a14
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
Nov ’23Rp42,300.00
Rp42,699.62
+0.9%
20.3%Rp53,744.26Rp20,216.30Rp25,025.0018

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

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