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PT Elnusa Tbk (ELSA.JK)

IDR660.00 +15.00 (+2.33%)
ID JKT Energy Oil & Gas Equipment & Services
Address Graha Elnusa 12560
Jakarta Selatan, ID
CEO Bachtiar Soeria Atmadja
IPO 2008-02-06
ISIN ID1000109606

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Description

PT Elnusa Tbk delivers a comprehensive array of services to Indonesia's oil and gas sector. The company operates through three principal divisions: Integrated Upstream Oil and Gas Services, Oil and Gas Support Services, and Energy Distribution and Logistics Services. Its Integrated Upstream segment offers crucial services such as geophysical and seismic data collection, oil and gas drilling, and various other specialized oilfield operations. The Oil and Gas Support Services division is wide-ranging, including threading for drilling activities, extensive oil and gas data management, and the creation of integrated information technology systems. This segment also provides telecommunication and network services, data storage, satellite and VSAT-based communication, along with manufacturing and trading open-cycle gas turbine pipes. Additionally, it develops solutions for water treatment facilities and smart water meters, handles physical data and general warehousing, core service provision, remote storage, and data remastering. The company further supplies fleet management, logistics, and supply chain solutions, alongside IT and communication services that incorporate IoT products like LORA devices, network infrastructure, and tracking/monitoring systems. Within its Energy Distribution and Logistics segment, Elnusa manages transportation, depot operations, and trading. This includes operating retail gas stations, distributing and trading petroleum products and chemicals, and providing mechanical maintenance, as well as ship rental and agent services. Founded in 1969 and based in South Jakarta, Indonesia, the company was formerly known as PT Electronika Nusantara until it rebranded as PT Elnusa Tbk in June 1984. It is a subsidiary of PT Pertamina Hulu Energi.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
IDR660.00 +15.00 (+2.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
44M
Beta
0.16
Float Shares
3.11B
Free Float %
42.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.94% -8.27% -22.78% -28.24% +20.79% +19.61% +24.49% +82.63% +100.66% +5.17% +18.45%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
660.00
DCF (Unlevered) 2,728.02 +313.3%
DCF (Levered) 3,740.38 +466.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.91
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Equipment & Services: +6.7%
    +8.3% Q1'26: -3.0% (vs Q1'25)
  • EPS growth Oil & Gas Equipment & Services: +14.3%
    +0.7% Q1'26: +1.6% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%
    +6.0% Q1'26: +22.0% (vs Q1'25)
  • EBIT margin Oil & Gas Equipment & Services: +10.9%
    +5.7% Q1'26: +7.0% (vs Q1'25)
  • ROIC Oil & Gas Equipment & Services: +6.7%
    +21.0% Q1'26: +30.4% (vs Q1'25)
  • Share dilution Oil & Gas Equipment & Services: +0.3%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×
    0.41× Q1'26: 0.54× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.28) × ERP
WACC = 87% × Ke + 13% × Kd (14.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2,728.02 Current price: 660.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
Dec 2030
1 Rev. Ana.
Revenue
3.78T
est: 3.67T (+2.8%)
3.62T
est: 3.62T (0.0%)
4.98T
est: 3.67T (+35.5%)
6.62T
est: 3.57T (+85.5%)
8.39T
est: 7.99T (+5.0%)
7.73T
est: 7.97T (-3.1%)
8.14T
est: 7.63T (+6.6%)
12.31T
est: 7.88T (+56.2%)
12.56T
est: 13.02T (-3.5%)
13.39T
est: 13.87T (-3.5%)
14.50T
est: 14.75T (-1.7%)
16.10T
15.99T – 16.20T
+9.2% YoY
17.45T
17.41T – 17.49T
+8.4% YoY
19.03T
18.79T – 19.28T
+9.1% YoY
19.73T
19.64T – 19.82T
+3.7% YoY
21.04T
20.95T – 21.13T
+6.6% YoY
EBITDA
814.88B
est: 404.91B (+101.2%)
746.85B
est: 399.17B (+87.1%)
700.59B
est: 405.12B (+72.9%)
760.07B
est: 393.78B (+93.0%)
958.24B
est: 880.69B (+8.8%)
1.18T
est: 878.82B (+34.6%)
981.85B
est: 841.12B (+16.7%)
1.21T
est: 868.57B (+38.8%)
1.33T
est: 1.32T (+0.9%)
985.41B
est: 1.41T (-29.9%)
1.57T
est: 1.49T (+5.2%)
1.63T
1.62T – 1.64T
+9.2% YoY
1.77T
1.76T – 1.77T
+8.4% YoY
1.93T
1.90T – 1.95T
+9.1% YoY
2.00T
1.99T – 2.01T
+3.7% YoY
2.13T
2.12T – 2.14T
+6.6% YoY
EBIT
549.29B
est: 200.52B (+173.9%)
442.58B
est: 197.68B (+123.9%)
344.54B
est: 200.62B (+71.7%)
380.78B
est: 195.01B (+95.3%)
513.80B
est: 436.14B (+17.8%)
453.64B
est: 435.22B (+4.2%)
312.41B
est: 416.55B (-25.0%)
556.98B
est: 430.14B (+29.5%)
718.51B
est: 706.92B (+1.6%)
983.20B
est: 753.11B (+30.6%)
829.19B
est: 800.50B (+3.6%)
873.79B
868.01B – 879.58B
+9.2% YoY
947.46B
945.22B – 949.71B
+8.4% YoY
1.03T
1.02T – 1.05T
+9.1% YoY
1.07T
1.07T – 1.08T
+3.7% YoY
1.14T
1.14T – 1.15T
+6.6% YoY
Net Income
375.36B
est: 298.04B (+25.9%)
310.91B
est: 310.92B (0.0%)
247.14B
est: 398.73B (-38.0%)
276.31B
est: 369.28B (-25.2%)
356.47B
est: 321.13B (+11.0%)
249.08B
est: 240.85B (+3.4%)
108.74B
est: 306.54B (-64.5%)
378.07B
est: 328.43B (+15.1%)
503.13B
est: 696.01B (-27.7%)
713.67B
est: 782.40B (-8.8%)
718.41B
est: 841.44B (-14.6%)
908.66B
903.47B – 913.86B
+8.0% YoY
1.06T
1.06T – 1.07T
+17.0% YoY
1.16T
1.15T – 1.16T
+8.8% YoY
— – —
-100.0% YoY
— – —
SGA
62.20B
est: 34.45B (+80.6%)
55.13B
est: 33.96B (+62.3%)
60.19B
est: 34.47B (+74.7%)
71.23B
est: 33.50B (+112.6%)
105.28B
est: 74.92B (+40.5%)
95.96B
est: 74.77B (+28.4%)
70.37B
est: 71.56B (-1.7%)
97.94B
est: 73.89B (+32.5%)
101.52B
est: 195.24B (-48.0%)
131.06B
est: 208.00B (-37.0%)
587.14B
est: 221.09B (+165.6%)
241.33B
239.73B – 242.93B
+9.2% YoY
261.68B
261.06B – 262.30B
+8.4% YoY
285.38B
281.75B – 289.01B
+9.1% YoY
295.83B
294.53B – 297.14B
+3.7% YoY
315.45B
314.06B – 316.83B
+6.6% YoY
EPS
51.43
est: 40.84 (+25.9%)
42.60
est: 42.60 (+0.0%)
33.86
est: 54.63 (-38.0%)
37.86
est: 50.60 (-25.2%)
48.84
est: 44.00 (+11.0%)
34.13
est: 33.00 (+3.4%)
14.90
est: 42.00 (-64.5%)
51.80
est: 45.00 (+15.1%)
68.94
est: 95.36 (-27.7%)
97.78
est: 107.20 (-8.8%)
98.43
est: 115.29 (-14.6%)
124.50
123.79 – 125.21
+8.0% YoY
145.65
144.82 – 146.48
+17.0% YoY
158.50
157.59 – 159.41
+8.8% YoY
— – —
-100.0% YoY
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 4/5 4/5 4/5 4/5 3/5 4/5
2026-05-26 A 4/5 4/5 4/5 4/5 4/5 3/5 4/5
2026-05-25 A+ 4/5 4/5 4/5 5/5 4/5 3/5 4/5
2026-05-22 A+ 4/5 4/5 4/5 5/5 4/5 3/5 4/5
2026-05-21 A 4/5 4/5 4/5 4/5 4/5 3/5 4/5
2026-05-20 A 4/5 4/5 4/5 4/5 4/5 3/5 4/5
2026-05-19 A+ 4/5 4/5 4/5 4/5 4/5 4/5 4/5
2026-05-18 A+ 4/5 4/5 4/5 4/5 4/5 4/5 4/5
2026-05-13 A+ 5/5 4/5 4/5 5/5 4/5 4/5 4/5
2026-05-12 A+ 5/5 4/5 4/5 5/5 4/5 4/5 4/5
2026-05-11 A+ 5/5 4/5 4/5 5/5 4/5 4/5 4/5
2026-05-08 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-05-07 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-05-06 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-05-05 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-05-04 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-04-30 A+ 4/5 4/5 4/5 5/5 3/5 4/5 4/5
2026-04-29 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-28 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-27 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-24 A 4/5 4/5 4/5 5/5 2/5 4/5 4/5
2026-04-23 A 4/5 4/5 4/5 5/5 2/5 3/5 4/5
2026-04-22 A 4/5 4/5 4/5 5/5 2/5 3/5 4/5
2026-04-21 A- 4/5 4/5 4/5 5/5 1/5 3/5 4/5
2026-04-20 A- 4/5 4/5 4/5 5/5 1/5 3/5 4/5
2026-04-17 A- 4/5 4/5 4/5 5/5 1/5 3/5 4/5
2026-04-16 A- 4/5 4/5 4/5 5/5 1/5 3/5 4/5
2026-04-15 A- 4/5 4/5 4/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.99T
OE per share TTM
272.51
Owner's Yield
44.67%
Maintenance CapEx ratio
141.27%
Maint CapEx / Avg PPE
19.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
591.43M
Shares Outstanding
7.30B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andri Haribowo Director of Operations & Director male
Ari Wijaya Corporate Secretary male
Arief Prasetyo Handoyo Business Development Director & Director male
Asmal Salam Chief of Legal & Compliance male
Bachtiar Soeria Atmadja President Director male
Endro Hartanto Operations Director & Director
Ganang Soegiyarso Chief of Internal Audit male
Hanny Retno Hapsari VP of Finance & Treasury female
Hera Handayani Director of Human Capital & General Affairs and Director female
Litta Indriya Ariesca President Director female
Meljevi Budia Vice President of Controller male
Mohammad Ibnu Wardhana VP & Legal Counsel male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits