PT TIMAH Tbk

IDX:TINS Stock Report

Market Cap: Rp22.0t

TIMAH Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Rp1.02k
Fair Value
200.9% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: TINS (IDR3070) is trading above our estimate of fair value (IDR1020.15)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TINS. This is calculated by dividing TINS's market cap by their current earnings.
What is TINS's PE Ratio?
PE Ratio26x
EarningsRp880.29b
Market CapRp21.97t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TINS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.1x
DEWA Darma Henwa
103.3x52.15%Rp17.0t
INCO Vale Indonesia
45.8x63.50%Rp45.3t
NICL PAM Mineral
18.8xn/aRp10.3t
NCKL Trimegah Bangun Persada
8.6x13.26%Rp69.3t
TINS TIMAH
26x32.34%Rp22.0t

Price-To-Earnings vs Peers: TINS is good value based on its Price-To-Earnings Ratio (26x) compared to the peer average (44.1x).

Price to Earnings Ratio vs Industry

How does TINS's PE Ratio compare vs other companies in the ID Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
TINS 26.0xIndustry Avg. 18.8xNo. of Companies8PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TINS is expensive based on its Price-To-Earnings Ratio (26x) compared to the ID Metals and Mining industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is TINS'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.

TINS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26x
Fair PE Ratio27.1x

Price-To-Earnings vs Fair Ratio: TINS is good value based on its Price-To-Earnings Ratio (26x) compared to the estimated Fair Price-To-Earnings Ratio (27.1x).

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 TINS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp3,070.00
Rp2,950.00
-3.91%
49.14%Rp4,700.00Rp1,150.00n/a3
Nov ’26Rp2,670.00
Rp1,983.33
-25.72%
38.64%Rp3,000.00Rp1,150.00n/a3
Oct ’26Rp1,900.00
Rp1,416.67
-25.44%
19.62%Rp1,800.00Rp1,150.00n/a3
Sep ’26Rp1,000.00
Rp1,416.67
+41.67%
19.62%Rp1,800.00Rp1,150.00n/a3
Aug ’26Rp995.00
Rp1,416.67
+42.38%
19.62%Rp1,800.00Rp1,150.00n/a3
Jul ’26Rp1,025.00
Rp1,416.67
+38.21%
19.62%Rp1,800.00Rp1,150.00n/a3
Jun ’26Rp1,185.00
Rp1,416.67
+19.55%
19.62%Rp1,800.00Rp1,150.00n/a3
May ’26Rp1,190.00
Rp1,783.33
+49.86%
24.05%Rp2,300.00Rp1,250.00n/a3
Apr ’26Rp960.00
Rp1,900.00
+97.92%
15.49%Rp2,300.00Rp1,600.00n/a3
Mar ’26Rp880.00
Rp1,900.00
+115.91%
15.49%Rp2,300.00Rp1,600.00n/a3
Feb ’26Rp1,005.00
Rp1,900.00
+89.05%
15.49%Rp2,300.00Rp1,600.00n/a3
Jan ’26Rp1,070.00
Rp1,900.00
+77.57%
15.49%Rp2,300.00Rp1,600.00n/a3
Dec ’25Rp1,125.00
Rp1,900.00
+68.89%
15.49%Rp2,300.00Rp1,600.00n/a3
Nov ’25Rp1,265.00
Rp1,600.00
+26.48%
10.21%Rp1,800.00Rp1,400.00Rp2,670.003
Oct ’25Rp1,180.00
Rp1,600.00
+35.59%
10.21%Rp1,800.00Rp1,400.00Rp1,900.003
Sep ’25Rp1,000.00
Rp1,350.00
+35.00%
3.70%Rp1,400.00Rp1,300.00Rp1,000.002
Aug ’25Rp975.00
Rp1,350.00
+38.46%
3.70%Rp1,400.00Rp1,300.00Rp995.002
Jul ’25Rp925.00
Rp1,200.00
+29.73%
16.67%Rp1,400.00Rp1,000.00Rp1,025.002
Jun ’25Rp895.00
Rp1,200.00
+34.08%
16.67%Rp1,400.00Rp1,000.00Rp1,185.002
May ’25Rp910.00
Rp1,135.00
+24.73%
23.35%Rp1,400.00Rp870.00Rp1,190.002
Apr ’25Rp815.00
Rp1,485.00
+82.21%
41.41%Rp2,100.00Rp870.00Rp960.002
Mar ’25Rp575.00
Rp1,320.00
+129.57%
59.09%Rp2,100.00Rp540.00Rp880.002
Feb ’25Rp580.00
Rp1,320.00
+127.59%
59.09%Rp2,100.00Rp540.00Rp1,005.002
Jan ’25Rp645.00
Rp1,320.00
+104.65%
59.09%Rp2,100.00Rp540.00Rp1,070.002
Dec ’24Rp650.00
Rp1,325.00
+103.85%
58.49%Rp2,100.00Rp550.00Rp1,125.002
Nov ’24Rp650.00
Rp1,325.00
+103.85%
58.49%Rp2,100.00Rp550.00Rp1,265.002
Rp2.95k
Fair Value
4.1% overvalued intrinsic discount
3
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/13 10:22
End of Day Share Price 2025/11/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

PT TIMAH Tbk is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andi HadiwidjojoBofA Global Research
Michael EvansCGS International
Eun Young LeeDBS Bank Ltd