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PT Vale Indonesia Tbk (INCO.JK)

IDR4,930.00 +190.00 (+4.01%)
ID JKT Basic Materials Industrial Materials
Address The Energy Building 12190
Jakarta, ID
CEO Bernardus Irmanto
IPO 2005-09-29
ISIN ID1000109309

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Also trades on Indonesia Stock Exchange · INCO.JK (IDR) Other OTC · PTNDF (USD) Other OTC · PTNDY (USD)
Description

Headquartered in Jakarta, Indonesia, PT Vale Indonesia Tbk, formerly known as PT International Nickel Indonesia Tbk until its name change in September 2011, has been a key player in the mineral industry since its incorporation in 1968. The company's primary focus involves the comprehensive cycle of nickel and related mineral products, encompassing exploration, mining, processing, storage, transportation, and marketing across Indonesia and to international markets including Canada and Japan. It manages an extensive concession area covering 118,017 hectares in central, south, and southeast Sulawesi. Beyond nickel, PT Vale Indonesia also undertakes exploration for other valuable resources such as iron ore, pellets, manganese, ferroalloys, coal, and copper deposits. Complementing its core mining operations, the company provides essential infrastructure and services, including railroad, port and terminal, and shipping logistics. It further diversifies its activities through the operation of three hydroelectric power plants, energy transmission and distribution, and involvement in steelmaking.

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
IDR4,930.00 +190.00 (+4.01%)
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Volume Profile
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Liquidity & share structure
Average Volume
24M
Beta
1.00
Float Shares
2.17B
Free Float %
20.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.83% -2.02% -1.22% -14.44% +41.28% +14.62% +109.48% -7.90% +19.24% +273.99% +336.10%
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
4,930.00
DCF (Unlevered) 374.56 -92.4%
DCF (Levered) 76.36 -98.5%

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) 81% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 10 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
143.89
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Industrial Materials: +4.8%
    +2.9% Q1'26: +21.4% (vs Q1'25)
  • EPS growth Industrial Materials: +16.2%
    +29.1% Q1'26: +95.2% (vs Q1'25)
  • FCF margin FCF growth · Industrial Materials: +3.3%
    +2.4% Q1'26: -62.0% (vs Q1'25)
  • EBIT margin Industrial Materials: +3.1%
    +4.6% Q1'26: +17.8% (vs Q1'25)
  • ROIC Industrial Materials: +2.2%
    +1.5% Q1'26: +6.4% (vs Q1'25)
  • Share dilution Industrial Materials: -0.2%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial Materials: 0.52×
    0.02× Q1'26: 0.01× (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 (1.23) × ERP
WACC = 100% × Ke + 0% × Kd (90.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 374.50 Current price: 4,930.00
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
10 Rev. Ana.
5 EPS Ana.
Dec 2027
14 Rev. Ana.
12 EPS Ana.
Dec 2028
5 Rev. Ana.
5 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
789.75M
est: 762.62M (+3.6%)
584.14M
est: 592.14M (-1.4%)
629.33M
est: 625.33M (+0.6%)
776.90M
est: 825.94M (-5.9%)
782.01M
est: 747.91M (+4.6%)
764.74M
est: 768.75M (-0.5%)
953.17M
est: 929.28M (+2.6%)
1.18B
est: 1.21B (-2.3%)
1.23B
est: 64.2K (+1,920,090.4%)
950.39M
est: 939.68M (+1.1%)
978.04M
est: 977.43M (+0.1%)
1.50B
1.29B – 1.85B
+53.5% YoY
2.02B
1.41B – 2.86B
+34.6% YoY
2.28B
1.76B – 3.04B
+12.8% YoY
2.27B
1.75B – 3.03B
-0.2% YoY
EBITDA
211.14M
est: 261.22M (-19.2%)
130.88M
est: 202.83M (-35.5%)
106.11M
est: 214.20M (-50.5%)
211.41M
est: 282.91M (-25.3%)
220.85M
est: 256.19M (-13.8%)
254.02M
est: 263.32M (-3.5%)
376.93M
est: 318.31M (+18.4%)
435.78M
est: 413.68M (+5.3%)
473.90M
est: 20.6K (+2,302,407.0%)
219.56M
est: 301.38M (-27.1%)
218.22M
est: 313.49M (-30.4%)
481.20M
414.88M – 593.30M
+53.5% YoY
647.69M
452.32M – 916.77M
+34.6% YoY
730.42M
564.10M – 973.73M
+12.8% YoY
728.69M
562.75M – 971.41M
-0.2% YoY
EBIT
79.75M
est: 139.25M (-42.7%)
14.30M
est: 108.12M (-86.8%)
-20.11M
est: 114.18M (-117.6%)
84.77M
est: 150.81M (-43.8%)
90.81M
est: 136.56M (-33.5%)
106.26M
est: 140.37M (-24.3%)
220.72M
est: 169.68M (+30.1%)
272.90M
est: 220.52M (+23.8%)
305.15M
est: 10.5K (+2,900,536.9%)
60.14M
est: 154.04M (-61.0%)
44.80M
est: 160.23M (-72.0%)
245.95M
212.05M – 303.25M
+53.5% YoY
331.04M
231.19M – 468.58M
+34.6% YoY
373.33M
288.32M – 497.69M
+12.8% YoY
372.45M
287.63M – 496.51M
-0.2% YoY
Net Income
50.50M
est: 68.27M (-26.0%)
1.91M
est: 3.44M (-44.5%)
-15.27M
est: -15.82M (+3.5%)
60.51M
est: 76.95M (-21.4%)
57.40M
est: 55.22M (+4.0%)
82.82M
est: 108.15M (-23.4%)
165.80M
est: 184.98M (-10.4%)
200.40M
est: 252.67M (-20.7%)
274.33M
est: 6.3K (+4,322,162.5%)
57.76M
est: 80.49M (-28.2%)
75.13M
est: 86.26M (-12.9%)
238.17M
203.62M – 272.72M
+176.1% YoY
529.68M
177.52M – 881.84M
+122.4% YoY
562.32M
259.83M – 864.82M
+6.2% YoY
— – —
-100.0% YoY
SGA
9.05M
est: 7.13M (+26.8%)
8.04M
est: 5.54M (+45.2%)
7.75M
est: 5.85M (+32.5%)
8.24M
est: 7.73M (+6.7%)
9.10M
est: 7.00M (+30.0%)
3.24M
est: 7.19M (-54.9%)
1.84M
est: 8.69M (-78.9%)
6.14M
est: 11.30M (-45.6%)
21.96M
est: 1.2K (+1,846,830.2%)
16.71M
est: 17.41M (-4.0%)
49.01M
est: 18.11M (+170.6%)
27.80M
23.97M – 34.28M
+53.5% YoY
37.42M
26.13M – 52.97M
+34.6% YoY
42.20M
32.59M – 56.26M
+12.8% YoY
42.10M
32.51M – 56.12M
-0.2% YoY
EPS
0.01
est: 0.01 (-22.8%)
0.00
est: 0.00 (-38.7%)
0.00
est: 0.00 (+0.1%)
0.01
est: 0.01 (-16.4%)
0.01
est: 0.01 (+10.7%)
0.01
est: 0.01 (-19.1%)
0.02
est: 0.02 (-4.8%)
0.02
est: 0.02 (-15.7%)
0.03
est: 0.00 (+4,438,383.6%)
0.01
est: 0.01 (-23.0%)
0.01
est: 0.01 (-7.3%)
0.02
0.02 – 0.03
+203.2% YoY
0.04
0.02 – 0.08
+87.9% YoY
0.06
0.02 – 0.08
+32.6% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 3/5 3/5 4/5 3/5 2/5 4/5
2026-05-11 B+ 3/5 3/5 3/5 4/5 3/5 2/5 4/5
2026-05-08 B+ 3/5 3/5 3/5 4/5 3/5 2/5 4/5
2026-05-07 B+ 3/5 3/5 3/5 4/5 3/5 2/5 4/5
2026-05-06 B+ 3/5 3/5 3/5 4/5 3/5 2/5 4/5
2026-05-05 B+ 3/5 2/5 3/5 4/5 3/5 2/5 4/5
2026-05-04 B+ 3/5 2/5 3/5 4/5 3/5 2/5 4/5
2026-04-30 B+ 3/5 2/5 3/5 5/5 3/5 2/5 4/5
2026-04-29 B 3/5 2/5 3/5 5/5 2/5 1/5 4/5
2026-04-28 B 3/5 2/5 3/5 5/5 2/5 1/5 4/5
2026-04-27 B 3/5 2/5 3/5 5/5 2/5 1/5 4/5
2026-04-24 B 3/5 2/5 3/5 5/5 2/5 1/5 4/5
2026-04-23 B 3/5 2/5 3/5 5/5 2/5 1/5 3/5
2026-04-22 B 3/5 2/5 3/5 5/5 2/5 1/5 3/5
2026-04-21 B 3/5 2/5 3/5 5/5 2/5 1/5 3/5
2026-04-20 B 3/5 2/5 3/5 5/5 2/5 1/5 3/5
2026-04-17 B 3/5 2/5 3/5 5/5 2/5 1/5 3/5
2026-04-16 B 3/5 2/5 3/5 5/5 2/5 1/5 3/5
2026-04-15 B 3/5 2/5 3/5 5/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-154.00M
OE per share TTM
-0.01
Owner's Yield
0.00%
Maintenance CapEx ratio
140.16%
Maint CapEx / Avg PPE
175.0%

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
14.6K
Shares Outstanding
10.54B

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
Abu Ashar Chief Operation & Infrastructure Officer and Vice President Director male
Alexandre Pereira Executive Vice President of Global Business Solutions male
Bernardus Irmanto President Director male
Gustavo Duarte Pimenta Executive Vice President of Finance & Investor Relations male
Ira Thania Rasjidi Compliance Officer female
Kunto Raharjo Chief Medical Officer male
Marina Barrenne De Artagao Quental Executive Vice President of People female
Rizky Andhika Putra Chief Financial Officer & Director male
Slamet Sugiharto Chief Strategy & Technical Officer and Director male
Vanda Kusumaningrum Head of Corporate Communications
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