PT Indo Tambangraya Megah Tbk, (ITMG) Fair Value & Analysis
Energy · ID · Market cap 26.0T IDR
Fair value as of: Aug 13, 2026
From 22 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 44,257 IDR to 43,769 IDR (−1.1%) since Jul 13, 2026. Share price +1.8% over the past month.
A solid business, screening 79% undervalued on our models.
What matters now
- The price is below even our cautious bear case (35,730 IDR). The market is more pessimistic than our downside scenario.
- Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 4,918 IDR – 28,903 IDR · fair‑value band 35,730 IDR – 52,880 IDR · the 24,425 IDR price screens below the 43,769 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
PT Indo Tambangraya Megah Tbk, (ITMG) currently trades at 24,425 IDR, while our model-based Fair Value estimate is 43,769 IDR, implying the stock looks roughly 79.2% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, PT Indo Tambangraya Megah Tbk, generated revenue of 1.9B IDR at a net margin of 9.5%. Revenue grew 3.1% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of 710M IDR. Fundamentals as of Aug 13, 2026
Our scenario range runs from 35,730 IDR (bear case) to 52,880 IDR (bull case); at 24,425 IDR, the current price sits below 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 17% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -5% fair-value upside, at 79%, ITMG screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 22 models by family
Widest divergence: DCF Models (51,268 IDR) versus Asset-Based (19,879 IDR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
PT Indo Tambangraya Megah Tbk, together with its subsidiaries, engages in coal mining and energy activities. It produces thermal coal for used in coal-fired power plants; and is involved in coal trading, fuel trading, energy marketing, and electricity generation. The company also offers mining contractor services; and solar rooftop installations.
Full company description
PT Indo Tambangraya Megah Tbk, together with its subsidiaries, engages in coal mining and energy activities. It produces thermal coal for used in coal-fired power plants; and is involved in coal trading, fuel trading, energy marketing, and electricity generation. The company also offers mining contractor services; and solar rooftop installations. It provides its products in China, Japan, India, Philippines, Taiwan, Bangladesh, Korea, Hong Kong, Thailand, Europe, Vietnam, and Malaysia. The company was founded in 1987 and is headquartered in South Jakarta, Indonesia. PT Indo Tambangraya Megah Tbk is a subsidiary of Banpu Minerals (Singapore) Pte. Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Indo Tambangraya Megah Tbk, reported revenue of 1.9B IDR in FY2025 versus 2.1B IDR in FY2021, a compound −2.7%/yr. Reported net income was 189M IDR in FY2025, compounding −20.6%/yr from FY2021.
of which total revenue +3.3 pp · buybacks/dilution −0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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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
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥44.07 | ¥34.97 | -21% |
| Adani Enterprises Limited ADANIENT | ₹2,965 | ₹891.11 | -70% |
| Shaanxi Coal Industry Company 601225 | ¥25.08 | ¥23.90 | -5% |
| Yankuang Energy Group 600188 | ¥22.09 | ¥13.24 | -40% |
| Coal India Limited COALINDIA | ₹409.30 | ₹464.01 | +13% |
| China Coal Energy Company 601898 | ¥13.93 | ¥13.91 | -0% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥26.48 | ¥20.72 | -22% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥16.27 | ¥7.20 | -56% |
| PT Alamtri Resources Indonesia Tbk, ADRO | 2,520 IDR | 3,037 IDR | +21% |
| PT Adaro Andalan Indonesia Tbk AADI | 9,350 IDR | 13,935 IDR | +49% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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