Frontierby eninvs

Language: EN · RU

← Region

Indo Tambangraya Megah USD

Update

Sector: Mining

ID_ITMG

Price chart

23 375 IDRDay -0.43%

Key metrics

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.

Market

Price
23 375 IDR · -0.43%
Market cap
1.5 bn USD

Growth

Δ revenue y/y
-18.4%
Δ EBITDA y/y
-44.6%

Multiples

P/E (LTM)
7.7x
3y avg: 5.8x
P/B (FY)
0.8x
EV/EBITDA (LTM)
2.5x
3y avg: 1.8x

Cash return

Dividend yield
7.4%
FCF yield (LTM)
—

Value creation

to fair market cap at the current EV/EBITDA
Upside (potential)
+21.6%
↓ details

Liquidity

Daily turnover (listing)
165.6 bln IDR

Shares: connector/market_inputs

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 1 / Warn: 2 / Err: 0 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-12-31 FY✓OK
2024-12-31 FY⚠Warn 1
2025-12-31 FY⚠Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

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.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2025-12-31FY 2025 (12M)OK1881.0
y/y -18.4%
259.7
y/y -44.6%
39.2
y/y -14.4%
298.9
y/y -41.9%
190.9
y/y -49.0%
——2406.0
y/y -0.0%
1908.0
y/y -1.3%
9.9%-719.3Link
2024-12-31FY 2024 (12M)OK2304.0
y/y -2.9%
468.6
y/y -24.9%
45.9
y/y -29.9%
514.5
y/y -25.4%
374.1
y/y -25.2%
——2407.0
y/y —
1934.0
y/y —
—-918.0Link
2023-12-31FY 2023 (12M)PARTIAL2374.0
y/y —
623.9
y/y —
65.4
y/y —
689.3
y/y —
500.3
y/y —
———
y/y —
—
y/y —
—-1220.0Link
Data quality — review suggested

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Coal

Proved reserves
375 Mt
2024
Reserve life (R/P)
18.7 yrs
reserves ÷ annual output
Annual production
20.30 Mt
2024

Production, Mt

16.90202320.302024

Proved reserves

YearReserves, Mt
2024375

Production

YearProduction, Mt
202420.30
+20.1%
202316.90

PT Indo Tambangraya Megah (ITMG): proved+probable coal reserves ~375 Mt (latest audit incl TIS mine; resources ~2,130 Mt); production ~20 Mt 2024 (16.9 Mt 2023); reserve life ~19 yr — far shorter than PTBA, driving high cash return. Source: itmg.co.id resources & reserves / FY24 release.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002 0002 5002023 FY2024 FY2025 FY

Year-over-year change

-60%-40%-20%0%2023 FY2024 FY2025 FY

Cash flow

Net debt / cash ($ mln)

-1 250-1 000-750-500-25002023 FY2024 FY2025 FY

Key-commodity price — Steam coal AU

Current 141spot vs LTM +28%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +21.6%

Main driver: Steam coal AU +32% vs LTM; revenue ×1.28 vs costs ×1.04; EBITDA 260→599; at 2.0× EV/EBITDA → +22%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Steam coal AU (rev)+88%146.45111.36130.62+32%+17%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue1 881
LTM EBITDA260
LTM cash costs (revenue − EBITDA)1 621
2 · Revenue projection
Revenue multiplier — spot×1.277 (+28%)
= Spot revenue2 403
Revenue multiplier — 3y price×1.152 (+15%)
= 3-year-price revenue2 167
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs1 686
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs1 686
4 · EBITDA projection (revenue − costs)
= Spot EBITDA716
= 3-year-price EBITDA481
Conservative EBITDA = min(spot, avg)599
5 · Valuation → target market cap
Historical EV/EBITDA (75th pct)2.0x
Target EV = EV/EBITDA × conservative EBITDA1 198
Net debt-719
Target market cap = EV − net debt1 917
Current market cap1 577

Upside = target market cap ÷ current − 1 = +21.6%

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.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2024 FY2 3041 908+20.8%514155+230.9%
2025 FY1 8811 896-0.8%29934—

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -18% vs -3% the year before — a -15.4 pp move. 3-year CAGR —.
revenue growth by year: 2024 -3% · 2025 -18%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-04-28992 IDREx-dividend: 992 IDR per sharePaidYahoo Finance (ex-div)
2025-11-13738 IDREx-dividend: 738 IDR per sharePaidYahoo Finance (ex-div)
2025-04-212 245 IDREx-dividend: 2 245 IDR per sharePaidYahoo Finance (ex-div)
2024-09-101 228 IDREx-dividend: 1 228 IDR per sharePaidYahoo Finance (ex-div)
2024-04-171 747 IDREx-dividend: 1 747 IDR per sharePaidYahoo Finance (ex-div)
2023-09-122 660 IDREx-dividend: 2 660 IDR per sharePaidYahoo Finance (ex-div)
2023-04-116 416 IDREx-dividend: 6 416 IDR per sharePaidYahoo Finance (ex-div)
2022-11-114 128 IDREx-dividend: 4 128 IDR per sharePaidYahoo Finance (ex-div)
2022-04-043 040 IDREx-dividend: 3 040 IDR per sharePaidYahoo Finance (ex-div)
2021-11-111 218 IDREx-dividend: 1 218 IDR per sharePaidYahoo 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.itmg.co.id/en/investor-relation

Reporting forms detected in loaded periods: ✓ ✓ — (Balance sheet / Profit or loss (P&L) / Cash flows)