Bayan Resources Tbk (BYAN) Fair Value & Analysis

Energy · ID · Market cap 511T IDR (≈ $51.1B) · ISIN ID1000111701

What is Bayan Resources Tbk really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
• The price sits above even our optimistic bull case (6,070 IDR). The favourable scenario is already priced in.
• A fairly wide model range (2,656 IDR to 6,070 IDR) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 904.89 IDR – 21,630 IDR · fair‑value band 2,656 IDR – 6,070 IDR · the 13,800 IDR price screens above the 3,542 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Bayan Resources Tbk (BYAN) currently trades at 13,800 IDR, while our model-based Fair Value estimate is 3,542 IDR, implying the stock looks roughly 289.6% overvalued today. The Quality Score stands at 76/100 (high quality), in the Energy sector. Bull case: the DCF Models group reads highest at a median of 4,991 IDR per share, and 0 of the 23 models we run sit above the 13,800 IDR price. Bear case: the Asset-Based group reads lowest at 804.97 IDR, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Bayan Resources Tbk generated revenue of 3.4B IDR at a net margin of 22.1%. Revenue declined 7.7% year over year. It earns a return on equity of 27.9%. The balance sheet holds a net cash position of 575M IDR. Fundamentals as of Aug 27, 2026

Our scenario range runs from 2,656 IDR (bear case) to 6,070 IDR (bull case); at 13,800 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 52% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at −22% fair-value upside, at −74%, BYAN screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 268.78 IDR per share, which is 7.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: DCF Models (4,991 IDR) versus Asset-Based (804.97 IDR). Highest evidence: FCF DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

PT Bayan Resources Tbk., together with its subsidiaries, engages in the open cut mining and sale of coal in Indonesia. It operates through Coal and Non-Coal segments. The company produces high calorific value bituminous coal, sub-bituminous low-sulphur, and low-ash coal products.

Full company description

PT Bayan Resources Tbk., together with its subsidiaries, engages in the open cut mining and sale of coal in Indonesia. It operates through Coal and Non-Coal segments. The company produces high calorific value bituminous coal, sub-bituminous low-sulphur, and low-ash coal products. It is also involved in the provision of mining contractor, coal transshipment, electric power supply, and trading services, as well as operation of oil palm plantation. PT Bayan Resources Tbk. was founded in 1973 and is headquartered in Jakarta Selatan, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bayan Resources Tbk reported revenue of $3.4B in FY2025 versus $2.9B in FY2021, a compound +4.4%/yr. Reported net income was $758M in FY2025, compounding −11.1%/yr from FY2021.

BYAN screens 290% overvalued. Compare with China Shenhua Energy Company →

Peer Group

Thermal Coal · 99 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Thermal Coal median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Explore undervalued stocks

More undervalued Energy stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

Discover tools

Frequently asked questions