Sector: Mining
ID_ITMG
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
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | PARTIAL | 497.6 y/y — | 76.3 y/y — | 6.6 y/y — | 82.9 y/y — | 54.7 y/y — | — | -12.2 | 2405.0 y/y — | 1917.3 y/y — | 11.4% | -709.4 | Link |
| 2025-12-31 | FY 2025 (12M) | PARTIAL | 1881.0 y/y -18.4% | 259.7 y/y -44.6% | 32.5 y/y 2401.3% | 292.2 y/y -37.8% | 190.9 y/y -49.0% | — | -119.7 | 2406.0 y/y -0.0% | 1908.0 y/y -1.3% | 9.9% | -719.3 | Link |
| 2024-12-31 | FY 2024 (12M) | PARTIAL | 2304.0 y/y -2.9% | 468.6 y/y -24.9% | 1.3 y/y -93.1% | 469.9 y/y -26.9% | 374.1 y/y -25.2% | — | -89.5 | 2407.0 y/y 10.0% | 1934.0 y/y 8.2% | 20.1% | -918.0 | Link |
| 2023-12-31 | FY 2023 (12M) | PARTIAL | 2374.0 y/y — | 623.9 y/y — | 18.9 y/y — | 642.8 y/y — | 500.3 y/y — | — | -80.7 | 2187.8 y/y — | 1787.6 y/y — | — | -1220.0 | Link |
| Short-term debt (incl. ST leases) | 8 |
| Long-term debt (incl. LT leases) | 29 |
| − Cash & equivalents | 747 |
| Net debt | -709 |
|---|
Quarterly values ($ mln)
Year-over-year change
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Coal
| Year | Reserves, Mt |
|---|---|
| 2024 | 375 |
| Year | Production, Mt |
|---|---|
| 2024 | 20.30 +20.1% |
| 2023 | 16.90 |
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.
Current 136spot vs LTM +12%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -5.5%
Main driver: Steam coal AU +14% vs LTM; revenue ×1.12 vs costs ×1.04; EBITDA 260→385; at 2.0× EV/EBITDA → -6%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Steam coal AU (rev) | +88% | 136.20 | 119.46 | 130.18 | +14% | +9% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 1 881 |
| LTM EBITDA | 260 |
| LTM cash costs (revenue − EBITDA) | 1 621 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.123 (+12%) |
| = Spot revenue | 2 113 |
| Revenue multiplier — 3y price | ×1.079 (+8%) |
| = 3-year-price revenue | 2 030 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 1 686 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 1 686 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 427 |
| = 3-year-price EBITDA | 343 |
| Conservative EBITDA = min(spot, avg) | 385 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct) | 2.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 770 |
| Net debt | -719 |
| Target market cap = EV − net debt | 1 490 |
| Current market cap | 1 577 |
Upside = target market cap ÷ current − 1 = -5.5%
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 | 2 304 | 1 908 | +20.8% | 514 | 155 | +230.9% |
| 2025 FY | 1 881 | 1 896 | -0.8% | 299 | 34 | — |
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-04-28 | 992 IDR | Ex-dividend: 992 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2025-11-13 | 738 IDR | Ex-dividend: 738 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2025-04-21 | 2 245 IDR | Ex-dividend: 2 245 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-09-10 | 1 228 IDR | Ex-dividend: 1 228 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-04-17 | 1 747 IDR | Ex-dividend: 1 747 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-09-12 | 2 660 IDR | Ex-dividend: 2 660 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-04-11 | 6 416 IDR | Ex-dividend: 6 416 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2022-11-11 | 4 128 IDR | Ex-dividend: 4 128 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2022-04-04 | 3 040 IDR | Ex-dividend: 3 040 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2021-11-11 | 1 218 IDR | Ex-dividend: 1 218 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.itmg.co.id/en/investor-relation
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Indo Tambangraya Megah (ITMG) — from primary filings.
PT Indo Tambangraya Megah Tbk is an Indonesian coal mining and energy company that produces thermal coal for power plants and engages in coal trading, fuel trading, energy marketing, and electricity generation. It also provides mining contractor services and solar rooftop installations.