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PT Bukit Asam Tbk (PTBA.JK)

IDR2,420.00 +10.00 (+0.41%)
ID JKT Energy Coal
Address Jl. Parigi No. 1 31716
Tanjung Enim Selatan, ID
CEO Arsal Ismail
Website ptba.co.id
IPO 2002-12-23
ISIN ID1000094006

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Also trades on Indonesia Stock Exchange · PTBA.JK (IDR) Other OTC · PBATF (USD) Other OTC · TBNGY (USD)
Description

PT Bukit Asam Tbk, alongside its affiliated entities, primarily engages in coal extraction and related operations across Indonesia. Its comprehensive activities span from initial geological surveying and exploration to the full cycle of exploitation, processing, purification, transportation, and global trade of coal. Beyond these core functions, the company manages specialized port infrastructure for coal, operates steam power generation facilities, and offers expert advisory services pertinent to the coal mining industry. The organization also diversifies its interests into briquette manufacturing, various mining support services, oil palm cultivation and processing, healthcare provisions, and ventures in real estate and construction. Demonstrating a significant international presence, it conducts business in numerous countries, including China, the Philippines, Taiwan, Japan, India, Malaysia, South Korea, Thailand, Vietnam, and Hong Kong, among other global markets. Established in 1919, the company's corporate headquarters are located in Tanjung Enim Selatan, Indonesia. Formerly known as PT Bukit Asam Persero Tbk, it officially adopted its current name, PT Bukit Asam Tbk, in November 2017, and functions as a subsidiary of PT Indonesia Asahan Aluminium (Persero).

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
IDR2,420.00 +10.00 (+0.41%)
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Volume Profile
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Liquidity & share structure
Average Volume
21M
Beta
-0.41
Float Shares
3.78B
Free Float %
32.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.35% -1.72% -1.04% +12.16% +20.17% +23.28% +2.51% -15.88% +26.55% +118.32% +2,283.33%
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
2,420.00
DCF (Unlevered) 15,487.36 +540.0%
DCF (Levered) 15,285.63 +531.6%

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) 33% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 4 0
Hold 5 -1
Sell 2 -1
Strong Sell 1 0
Quality scores
Altman Z-Score
2.62
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Coal: -9.5%
    -0.3% Q1'26: -0.3% (vs Q1'25)
  • EPS growth Coal: -15.8%
    -42.6% Q1'26: +104.8% (vs Q1'25)
  • FCF margin FCF growth · Coal: +4.7%
    +6.9% Q1'26: +11.5% (vs Q1'25)
  • EBIT margin Coal: +10.5%
    +9.4% Q1'26: +8.6% (vs Q1'25)
  • ROIC Coal: +3.2%
    +14.6% Q1'26: +12.3% (vs Q1'25)
  • Share dilution Coal: +0.0%
    +0.1% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Coal: -0.13×
    0.90× Q1'26: 0.50× (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 (-0.41) × ERP
WACC = 90% × Ke + 10% × Kd (5.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 15,485.50 Current price: 2,420.00
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
11 Rev. Ana.
10 EPS Ana.
Dec 2027
10 Rev. Ana.
9 EPS Ana.
Dec 2028
4 Rev. Ana.
4 EPS Ana.
Revenue
13.73T
est: 13.97T (-1.7%)
14.06T
est: 14.66T (-4.1%)
19.47T
est: 18.44T (+5.6%)
21.17T
est: 21.94T (-3.5%)
21.79T
est: 21.63T (+0.7%)
17.33T
est: 17.35T (-0.2%)
29.26T
est: 28.59T (+2.4%)
42.65T
est: 43.75T (-2.5%)
38.49T
est: 39.27T (-2.0%)
42.76T
est: 37.83T (+13.0%)
42.65T
est: 42.03T (+1.5%)
49.01T
39.44T – 60.37T
+16.6% YoY
50.05T
28.82T – 61.04T
+2.1% YoY
53.05T
52.48T – 53.61T
+6.0% YoY
EBITDA
2.84T
est: 4.17T (-31.9%)
2.97T
est: 4.38T (-32.2%)
6.58T
est: 5.51T (+19.5%)
6.90T
est: 6.56T (+5.3%)
6.37T
est: 6.46T (-1.4%)
4.40T
est: 5.19T (-15.2%)
11.76T
est: 8.54T (+37.6%)
17.94T
est: 13.07T (+37.2%)
8.58T
est: 10.53T (-18.5%)
8.34T
est: 10.15T (-17.8%)
4.30T
est: 11.27T (-61.9%)
13.15T
10.58T – 16.19T
+16.6% YoY
13.42T
7.73T – 16.37T
+2.1% YoY
14.23T
14.08T – 14.38T
+6.0% YoY
EBIT
2.47T
est: 3.63T (-31.9%)
2.53T
est: 3.80T (-33.5%)
5.90T
est: 4.79T (+23.2%)
6.22T
est: 5.69T (+9.3%)
5.58T
est: 5.61T (-0.5%)
3.32T
est: 4.50T (-26.4%)
10.47T
est: 7.42T (+41.1%)
16.34T
est: 11.36T (+43.9%)
8.27T
est: 9.43T (-12.3%)
6.43T
est: 9.08T (-29.1%)
4.00T
est: 10.09T (-60.4%)
11.76T
9.46T – 14.49T
+16.6% YoY
12.01T
6.92T – 14.65T
+2.1% YoY
12.73T
12.60T – 12.87T
+6.0% YoY
Net Income
2.04T
est: 2.05T (-0.8%)
2.01T
est: 1.65T (+21.9%)
4.48T
est: 3.87T (+15.7%)
5.02T
est: 5.55T (-9.4%)
4.06T
est: 4.29T (-5.4%)
2.39T
est: 2.38T (+0.1%)
7.91T
est: 7.42T (+6.6%)
12.57T
est: 13.48T (-6.8%)
6.11T
est: 5.36T (+13.8%)
5.10T
est: 3.90T (+30.7%)
2.93T
est: 2.21T (+32.5%)
3.47T
1.52T – 6.06T
+57.2% YoY
3.80T
2.76T – 5.46T
+9.4% YoY
3.55T
2.99T – 4.37T
-6.5% YoY
SGA
749.00B
est: 570.56B (+31.3%)
851.94B
est: 598.67B (+42.3%)
784.86B
est: 753.34B (+4.2%)
1.02T
est: 896.15B (+14.1%)
1.32T
est: 883.38B (+49.5%)
1.06T
est: 708.92B (+49.5%)
1.25T
est: 1.17T (+7.1%)
1.44T
est: 1.79T (-19.5%)
1.17T
est: 1.41T (-16.6%)
1.55T
est: 1.35T (+14.1%)
1.53T
est: 1.50T (+1.8%)
1.75T
1.41T – 2.16T
+16.6% YoY
1.79T
1.03T – 2.18T
+2.1% YoY
1.90T
1.88T – 1.92T
+6.0% YoY
EPS
188.20
est: 178.37 (+5.5%)
190.00
est: 143.06 (+32.8%)
425.00
est: 336.21 (+26.4%)
476.66
est: 482.12 (-1.1%)
362.53
est: 372.75 (-2.7%)
213.41
est: 207.18 (+3.0%)
688.51
est: 645.02 (+6.7%)
1,094.05
est: 1,135.81 (-3.7%)
531.54
est: 466.61 (+13.9%)
443.51
est: 384.69 (+15.3%)
254.46
est: 203.04 (+25.3%)
330.33
131.66 – 526.57
+62.7% YoY
353.02
239.28 – 474.38
+6.9% YoY
307.45
259.39 – 379.67
-12.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-05-11 A- 4/5 1/5 4/5 5/5 4/5 3/5 3/5
2026-05-08 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-07 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-06 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-05 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-05-04 B+ 3/5 1/5 4/5 5/5 3/5 3/5 3/5
2026-04-30 A- 4/5 1/5 4/5 5/5 3/5 3/5 4/5
2026-04-29 B+ 3/5 1/5 4/5 5/5 2/5 3/5 4/5
2026-04-28 B+ 3/5 1/5 4/5 5/5 2/5 3/5 4/5
2026-04-27 B+ 3/5 1/5 4/5 5/5 2/5 3/5 4/5
2026-04-24 B+ 3/5 1/5 4/5 5/5 2/5 3/5 4/5
2026-04-23 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-04-22 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-04-21 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-04-20 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-04-17 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-04-16 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-04-15 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.07T
OE per share TTM
266.54
Owner's Yield
9.32%
Maintenance CapEx ratio
115.44%
Maint CapEx / Avg PPE
34.0%

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
2.39B
Shares Outstanding
11.51B

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
Arsal Ismail President Director 14B male
Ihsanuddin Usman Hosadi Director of Human Resources & Director 13B male
Una Lindasari Director of Finance & Risk Management and Director 13B female
Ilham Jacob Director of Operations and Production & Director male
Turin Yulianto Director of Downstream and Product Diversification & Director male
Verisca Hutanto Commercial Director & Director female
Finoriska Citraning Investor Relation Manager
Gifnil Imran Senior Manager of Marketing
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