Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0 (in line with 1Q 2025). Revenue: US$69.5m (up 9.7% from 1Q 2025). Net income: US$17.5m (up 21% from 1Q 2025). Profit margin: 25% (up from 23% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 35%. Earnings per share (EPS) were also behind analyst estimates. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Apr 26
Consensus revenue estimates increase by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$340.0k to US$380.0k. EPS estimate reaffirmed at US$0.0007. Net income forecast to grow 110% next year vs 65% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp1,176. Share price fell 4.7% to Rp810 over the past week. New Risk • Apr 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Apr 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to Rp735. The fair value is estimated to be Rp947, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 80% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 28% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Duyuru • Mar 27
PT Bumi Resources Minerals Tbk, Annual General Meeting, Apr 30, 2026 PT Bumi Resources Minerals Tbk, Annual General Meeting, Apr 30, 2026. Recent Insider Transactions • Mar 19
Director recently bought Rp527m worth of stock On the 13th of March, Charles Gobel bought around 650k shares on-market at roughly Rp811 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp1.0b more in shares than they have sold in the last 12 months. Reported Earnings • Mar 18
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$0.35 (up from US$0 in FY 2024). Revenue: US$249.4m (up 54% from FY 2024). Net income: US$50.0m (up 105% from FY 2024). Profit margin: 20% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 46%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 41% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 171% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$0 (vs US$0 in 3Q 2024) Third quarter 2025 results: EPS: US$0 (in line with 3Q 2024). Revenue: US$62.7m (up 33% from 3Q 2024). Net income: US$14.9m (up 123% from 3Q 2024). Profit margin: 24% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 24
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). Independent Commissioner Kanaka Puradiredja was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Mar 25
PT Bumi Resources Minerals Tbk, Annual General Meeting, Apr 30, 2025 PT Bumi Resources Minerals Tbk, Annual General Meeting, Apr 30, 2025. Location: jakarta Indonesia Price Target Changed • Nov 02
Price target increased by 118% to Rp500 Up from Rp229, the current price target is provided by 1 analyst. New target price is 32% above last closing price of Rp378. Stock is up 99% over the past year. The company is forecast to post earnings per share of US$0.0001 for next year compared to US$0.000098 last year. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$0 (vs US$0 in 2Q 2023) Second quarter 2024 results: EPS: US$0 (in line with 2Q 2023). Revenue: US$40.9m (up 308% from 2Q 2023). Net income: US$5.38m (up 56% from 2Q 2023). Profit margin: 13% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Apr 06
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: US$0 (in line with FY 2022). Revenue: US$46.6m (up 301% from FY 2022). Net income: US$13.9m (up 1.9% from FY 2022). Profit margin: 30% (down from 117% in FY 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) were also behind analyst estimates. Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to Rp160. The fair value is estimated to be Rp202, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has declined by 8.5%. Revenue is forecast to grow by 193% in 2 years. Earnings are forecast to grow by 210% in the next 2 years. Buying Opportunity • Dec 11
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be Rp236, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 238% in 2 years. Earnings is forecast to grow by 114% in the next 2 years. Buying Opportunity • Nov 01
Now 20% undervalued Over the last 90 days, the stock is up 8.6%. The fair value is estimated to be Rp237, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 396% in 2 years. Earnings is forecast to grow by 157% in the next 2 years. Major Estimate Revision • Aug 25
Consensus revenue estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$40.0k to US$50.0k. EPS estimate unchanged from US$0.00013 at last update. Metals and Mining industry in Indonesia expected to see average net income growth of 22% next year. Consensus price target up from Rp204 to Rp229. Share price rose 13% to Rp200 over the past week. Buying Opportunity • Aug 09
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be Rp211, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 360% in 2 years. Earnings is forecast to grow by 164% in the next 2 years. Reported Earnings • Jul 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$10.0m (up 290% from 2Q 2022). Net income: US$3.44m (up 75% from 2Q 2022). Profit margin: 34% (down from 76% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 52% per year. Buying Opportunity • May 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be Rp148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 528% in 2 years. Earnings is forecast to grow by 151% in the next 2 years. Major Estimate Revision • May 24
Consensus revenue estimates fall by 53% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$120.0k to US$60.0k. EPS estimate fell from US$0.0003 to US$0.0001 per share. Net income forecast to grow 81% next year vs 14% growth forecast for Metals and Mining industry in Indonesia. Consensus price target down from Rp224 to Rp204. Share price fell 6.6% to Rp127 over the past week. Reported Earnings • Mar 22
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: US$11.6m (up 10% from FY 2021). Net income: US$13.7m (down 80% from FY 2021). Revenue missed analyst estimates by 2.9%. Revenue is forecast to grow 80% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 22% share price gain to Rp187, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 311% over the past three years. Board Change • Nov 16
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). CFO & Director Fuad Helmy is the most experienced director on the board, commencing their role in 2012. Independent Commissioner Kanaka Puradiredja was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 01
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$2.78m (up 32% from 3Q 2021). Net income: US$2.64m (up 7.1% from 3Q 2021). Profit margin: 95% (down from 117% in 3Q 2021). Revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to Rp176, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 294% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp139, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 211% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp192, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 18x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 330% over the past three years. Reported Earnings • Sep 05
Second quarter 2022 earnings released: EPS: US$0 (vs US$0 in 2Q 2021) Second quarter 2022 results: EPS: US$0 (in line with 2Q 2021). Net income: US$1.97m (down 30% from 2Q 2021). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Metals and Mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 15% share price gain to Rp256, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 17x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 474% over the past three years. Major Estimate Revision • Aug 27
Consensus revenue estimates increase by 62% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$40.0k to US$70.0k. Forecast losses expected to reduce from US$0 to US$0 per share. Metals and Mining industry in Indonesia expected to see average net income growth of 2.5% next year. Consensus price target up from Rp195 to Rp237. Share price rose 11% to Rp250 over the past week. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp226, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 10x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 406% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 26% share price gain to Rp280, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 12x in the Metals and Mining industry in Indonesia. Total returns to shareholders of 527% over the past three years. Reported Earnings • Jun 03
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: US$0 (vs US$0 in 1Q 2021). Revenue: US$2.96m (up 118% from 1Q 2021). Net income: US$1.85m (up 14% from 1Q 2021). Profit margin: 63% (down from 119% in 1Q 2021). The decrease in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst estimates. Over the next year, revenue is forecast to grow 412%, compared to a 49% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 145% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to Rp195 Down from Rp401, the current price target is an average from 2 analysts. New target price is 8.9% below last closing price of Rp214. Stock is up 146% over the past year. The company is forecast to post earnings per share of US$0.02 for next year compared to US$0.00074 last year. Board Change • Apr 27
No independent directors There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). CFO & Director Fuad Helmy is the most experienced director on the board, commencing their role in 2012. Independent Commissioner Kanaka Puradiredja was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 18
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: US$0.001 (up from US$0 in FY 2020). Revenue: US$10.6m (up 27% from FY 2020). Net income: US$69.1m (up US$65.2m from FY 2020). Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 829%. Over the next year, revenue is forecast to grow 760%, compared to a 66% growth forecast for the mining industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues exceed analyst expectations Third quarter 2021 results: Revenue: US$2.11m (up 30% from 3Q 2020). Net income: US$2.47m (up 70% from 3Q 2020). Revenue exceeded analyst estimates by 18%. Over the last 3 years on average, earnings per share has increased by 141% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$4.76m (up 206% from 2Q 2020). Net income: US$2.81m (up 249% from 2Q 2020). Profit margin: 59% (up from 52% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 13
New 90-day high: Rp107 The company is up 106% from its price of Rp52.00 on 16 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 76% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: Rp66.00 The company is up 2.0% from its price of Rp65.00 on 18 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 47% over the same period.