Sector: Mining
ID_BYAN
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
| Period | Issues |
|---|---|
| 2023-12-31 FY | ✓OK |
| 2024-12-31 FY | ⚠Warn 1 |
| 2025-12-31 FY | ⚠Warn 1 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | FY 2025 (12M) | OK | 3428.0 y/y -0.5% | 1002.0 y/y -17.4% | 122.0 y/y 18.4% | 1124.0 y/y -14.6% | 768.0 y/y -16.8% | — | — | 3375.0 y/y -4.1% | 2695.0 y/y 16.5% | 30.7% | -574.6 | Link |
| 2024-12-31 | FY 2024 (12M) | OK | 3446.0 y/y -3.8% | 1213.0 y/y -24.5% | 103.0 y/y 39.2% | 1316.0 y/y -21.7% | 923.0 y/y -25.5% | — | — | 3521.0 y/y — | 2314.0 y/y — | — | -574.6 | Link |
| 2023-12-31 | FY 2023 (12M) | PARTIAL | 3581.0 y/y — | 1607.0 y/y — | 74.0 y/y — | 1681.0 y/y — | 1239.0 y/y — | — | — | — y/y — | — y/y — | — | -1000.0 | Link |
2023-12-31 FY: Assets and/or equity missing while cash/debt are present — often a unit-scale mismatch after extraction.2023-12-31 FY: Status PARTIAL (incomplete extraction or legacy OCR warnings).Physical operating metrics — supplementary, not part of the financial statements
Coal
| Year | Reserves, Mt |
|---|---|
| 2024 | 920 |
| Year | Production, Mt |
|---|---|
| 2024 | 56 +12.7% |
| 2023 | 49.70 |
PT Bayan Resources (BYAN): proven+probable reserves ~920 Mt (H1 2024; total resources+reserves ~7.5 Bt); production ~56 Mt 2024 (49.7 Mt 2023); low Tabang strip ratio ~4.3 = low-cost. Reserve life ~16 yr on P+P. Source: bayan.com.sg / indonesiaminer.
Quarterly values ($ mln)
Year-over-year change
Net debt / cash ($ mln)
Current 141spot vs LTM +25%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -0.8%
Main driver: Steam coal AU +28% vs LTM; revenue ×1.25 vs costs ×1.04; EBITDA 1 002→1 594; at 11.8× EV/EBITDA → -1%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Steam coal AU (rev) | +88% | 142.95 | 111.36 | 130.63 | +28% | +17% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 3 428 |
| LTM EBITDA | 1 002 |
| LTM cash costs (revenue − EBITDA) | 2 426 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.250 (+25%) |
| = Spot revenue | 4 284 |
| Revenue multiplier — 3y price | ×1.152 (+15%) |
| = 3-year-price revenue | 3 950 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 2 523 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 2 523 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 1 761 |
| = 3-year-price EBITDA | 1 427 |
| Conservative EBITDA = min(spot, avg) | 1 594 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct) | 11.8x |
| Target EV = EV/EBITDA × conservative EBITDA | 18 749 |
| Net debt | -575 |
| Target market cap = EV − net debt | 19 323 |
| Current market cap | 19 478 |
Upside = target market cap ÷ current − 1 = -0.8%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2024 FY | 3 446 | 2 878 | +19.7% | 1 316 | 901 | +46.0% |
| 2025 FY | 3 428 | 2 835 | +20.9% | 1 124 | 620 | +81.3% |
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2025-07-07 | 194.84 IDR | Ex-dividend: 194.84 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-12-18 | 144.9 IDR | Ex-dividend: 144.9 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-07-08 | 146.385 IDR | Ex-dividend: 146.385 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-12-18 | 232.74 IDR | Ex-dividend: 232.74 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-05-09 | 354.168 IDR | Ex-dividend: 354.168 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2022-12-20 | 468.24 IDR | Ex-dividend: 468.24 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2022-05-30 | 436.32 IDR | Ex-dividend: 436.32 IDR per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://www.bayan.com.sg/
Reporting forms detected in loaded periods: ✓ ✓ — (Balance sheet / Profit or loss (P&L) / Cash flows)