PT ADARO ENERGY INDONESIA TBK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,880 IDR | +1.77% |
|
+0.35% | +21.01% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,581 | 3,202 | 5,038 | 7,635 | 4,777 | 5,587 | - | - |
| Enterprise Value (EV) 1 | 3,801 | 3,527 | 4,834 | 5,150 | 4,777 | 1,957 | 2,059 | 2,093 |
| P/E ratio | 9.52 x | 23.4 x | 5.38 x | 3.07 x | 2.91 x | 4.69 x | 6.21 x | 7.4 x |
| Yield | 4.19% | 4.59% | 7.12% | 6.49% | - | 11.2% | 7.5% | 6.49% |
| Capitalization / Revenue | 1.04 x | 1.26 x | 1.26 x | 0.94 x | 0.73 x | 1.03 x | 1.13 x | 1.14 x |
| EV / Revenue | 1.1 x | 1.39 x | 1.21 x | 0.64 x | 0.73 x | 0.36 x | 0.42 x | 0.43 x |
| EV / EBITDA | 3.15 x | 3.99 x | 2.33 x | 1.07 x | 1.93 x | 1.03 x | 1.21 x | 1.44 x |
| EV / FCF | 8.44 x | 6.14 x | 3.76 x | 1.48 x | - | 1.35 x | 1.96 x | 1.64 x |
| FCF Yield | 11.9% | 16.3% | 26.6% | 67.6% | - | 73.9% | 51.1% | 60.9% |
| Price to Book | 0.96 x | 0.86 x | 1.22 x | 1.31 x | - | 0.84 x | 0.77 x | 0.73 x |
| Nbr of stocks (in thousands) | 31,985,962 | 31,985,962 | 31,985,962 | 30,985,962 | 30,881,206 | 30,881,206 | - | - |
| Reference price 2 | 0.1120 | 0.1001 | 0.1575 | 0.2464 | 0.1547 | 0.1809 | 0.1809 | 0.1809 |
| Announcement Date | 3/3/20 | 3/4/21 | 3/2/22 | 3/2/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,457 | 2,535 | 3,993 | 8,102 | 6,518 | 5,421 | 4,938 | 4,904 |
| EBITDA 1 | 1,207 | 883 | 2,073 | 4,801 | 2,475 | 1,893 | 1,699 | 1,449 |
| EBIT 1 | 730.1 | 411.3 | 1,585 | 4,277 | 2,155 | 1,476 | 1,240 | 1,062 |
| Operating Margin | 21.12% | 16.23% | 39.69% | 52.79% | 33.07% | 27.22% | 25.1% | 21.65% |
| Earnings before Tax (EBT) 1 | 659.1 | 222.2 | 1,486 | 4,476 | 2,294 | 1,528 | 1,371 | 1,153 |
| Net income 1 | 404.2 | 146.9 | 933.5 | 2,493 | 1,641 | 1,163 | 929.8 | 810.9 |
| Net margin | 11.69% | 5.8% | 23.38% | 30.77% | 25.18% | 21.45% | 18.83% | 16.53% |
| EPS 2 | 0.0118 | 0.004280 | 0.0293 | 0.0803 | 0.0531 | 0.0386 | 0.0291 | 0.0244 |
| Free Cash Flow 1 | 450.6 | 574.7 | 1,286 | 3,482 | - | 1,447 | 1,053 | 1,274 |
| FCF margin | 13.03% | 22.67% | 32.21% | 42.97% | - | 26.69% | 21.32% | 25.98% |
| FCF Conversion (EBITDA) | 37.33% | 65.09% | 62.05% | 72.52% | - | 76.42% | 61.98% | 87.9% |
| FCF Conversion (Net income) | 111.48% | 391.18% | 137.79% | 139.66% | - | 124.45% | 113.25% | 157.12% |
| Dividend per Share 2 | 0.004690 | 0.004590 | 0.0112 | 0.0160 | - | 0.0204 | 0.0136 | 0.0117 |
| Announcement Date | 3/3/20 | 3/4/21 | 3/2/22 | 3/2/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,363 | 1,424 | 1,225 | 2,317 | 2,372 | 2,189 | 1,839 | 1,640 | 1,502 | 1,536 | 1,443 |
| EBITDA 1 | 465 | 875.3 | 683.9 | 1,498 | 1,436 | 1,184 | 723.6 | 669.4 | 519.7 | 627.5 | 594.9 |
| EBIT 1 | 228.8 | 744.5 | 554.4 | 1,347 | 1,261 | 1,144 | - | 553.2 | 440.2 | 536.8 | 513.6 |
| Operating Margin | 16.79% | 52.29% | 45.27% | 58.13% | 53.16% | 52.27% | - | 33.72% | 29.31% | 34.94% | 35.6% |
| Earnings before Tax (EBT) 1 | 209.1 | 803.5 | 611.4 | 1,430 | 1,292 | 1,143 | 661.6 | 578.7 | 469.9 | 584.1 | 532.5 |
| Net income | 155.1 | 512.6 | 400.1 | 812.6 | 690.7 | 589.7 | 458 | 415.8 | 345.1 | 422.5 | - |
| Net margin | 11.38% | 36.01% | 32.67% | 35.08% | 29.12% | 26.94% | 24.91% | 25.35% | 22.98% | 27.5% | - |
| EPS 2 | - | 0.0161 | 0.0128 | 0.0262 | 0.0220 | 0.0191 | 0.0148 | 0.0132 | 0.0114 | 0.0141 | 0.0125 |
| Dividend per Share | - | - | - | - | - | 0.0160 | - | - | - | - | - |
| Announcement Date | 8/27/20 | 3/2/22 | 4/28/22 | 8/30/22 | 11/1/22 | 3/2/23 | 5/2/23 | 8/22/23 | 10/31/23 | 2/29/24 | 4/30/24 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 220 | 325 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 204 | 2,485 | - | 3,629 | 3,528 | 3,493 |
| Leverage (Debt/EBITDA) | 0.1824 x | 0.3684 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 451 | 575 | 1,286 | 3,482 | - | 1,447 | 1,053 | 1,274 |
| ROE (net income / shareholders' equity) | 13% | 3.95% | 23.8% | 49.1% | - | 16.3% | 12.1% | 9.74% |
| ROA (Net income/ Total Assets) | 6.7% | 2.16% | 13.4% | 27.1% | - | 11.1% | 8.65% | 7.17% |
| Assets 1 | 6,031 | 6,799 | 6,984 | 9,185 | - | 10,465 | 10,749 | 11,310 |
| Book Value Per Share 2 | 0.1200 | 0.1200 | 0.1300 | 0.1900 | - | 0.2100 | 0.2300 | 0.2500 |
| Cash Flow per Share 2 | 0.0300 | 0.0200 | 0.0500 | 0.1200 | - | 0.0500 | 0.0500 | - |
| Capex 1 | 456 | 162 | 150 | 381 | - | 672 | 519 | 425 |
| Capex / Sales | 13.2% | 6.38% | 3.76% | 4.7% | - | 12.4% | 10.5% | 8.67% |
| Announcement Date | 3/3/20 | 3/4/21 | 3/2/22 | 3/2/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
0.1809
USD
Average target price
0.19
USD
Spread / Average Target
+5.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.01% | 5.59B | |
| +34.02% | 106B | |
| -5.15% | 39.52B | |
| +25.07% | 34.57B | |
| +16.04% | 32.55B | |
| +27.09% | 21.67B | |
| +22.39% | 19.78B | |
| -1.78% | 8.92B | |
| +8.81% | 8.45B | |
| +10.76% | 6.87B |
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