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Bukit Asam IDR

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Mining

ID_PTBA

Price chart

2 640 IDRDay 5.60%

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
2 640 IDR · 5.60%
Market cap
30386.4 bn IDR

Growth

Δ revenue y/y
-0.3%
Δ EBITDA y/y
59.9%

Multiples

P/E (LTM)
9.0x
P/B (FY)
1.3x
EV/EBITDA (LTM)
5.3x

Cash return

Dividend yield
12.6%
FCF yield (LTM)
-0.0%

Liquidity

Daily turnover (listing)
53.7 bln IDR

Shares: connector/market_inputs

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 2 / Err: 7 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2024-03-31 Q1⚠Warn 1
2024-06-30 H1⚠Warn 1
2024-09-30 9M✗Errors 1Warn 1
2024-12-31 FY✗Errors 1Warn 1
2025-03-31 Q1✗Errors 1Warn 1
2025-06-30 H1✗Errors 1Warn 1
2025-09-30 9M✗Errors 1Warn 2
2025-12-31 FY✗Errors 2Warn 1
2026-03-31 Q1✗Errors 1Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B IDR, 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.

DatePeriodStatusRevenueB IDROperating profitB IDRD&AB IDREBITDAB IDRNet profitB IDROperating CFB IDRCapex + M&AB IDRAssetsB IDREquityB IDRROE (annualized)Net debtB IDRSource
2026-03-31Q1 2026 (3M)PARTIAL9.9
y/y -0.3%
0.9
y/y 98.3%
0.6
y/y 23.8%
1.5
y/y 59.9%
0.8
y/y 102.1%
——43.2
y/y 2.3%
23.5
y/y 2.0%
13.9%2.7Report (PDF)
2025-12-31FY 2025 (12M)PARTIAL11.3
y/y -6.5%
1.6
y/y -6.9%
0.5
y/y 5.5%
2.1
y/y -4.1%
1.6
y/y -17.1%
——43.9
y/y 5.1%
22.6
y/y -0.1%
13.6%-0.7Report (PDF)
2025-09-30Q3 2025 (3M)OK10.9
y/y 2.2%
0.7
y/y -59.3%
0.5
y/y 14.7%
1.2
y/y -41.0%
0.6
y/y -57.0%
——42.8
y/y 6.7%
20.8
y/y 2.1%
9.2%0.1Report (PDF)
2025-06-30Q2 2025 (3M)OK10.5
y/y 4.1%
0.5
y/y -63.7%
0.5
y/y 18.1%
1.0
y/y -43.4%
0.4
y/y -59.1%
——42.7
y/y 11.2%
19.8
y/y 1.3%
7.8%-2.8Report (PDF)
2025-03-31Q1 2025 (3M)OK10.0
y/y 5.8%
0.4
y/y -53.3%
0.5
y/y 18.3%
0.9
y/y -32.1%
0.4
y/y -50.6%
——42.3
y/y 10.0%
23.1
y/y 2.6%
6.9%-2.9Report (PDF)
2024-12-31FY 2024 (12M)PARTIAL12.1
y/y —
1.7
y/y —
0.5
y/y —
2.2
y/y —
1.9
y/y —
——41.8
y/y —
22.6
y/y —
23.9%-1.9Report (PDF)
2024-09-30Q3 2024 (3M)OK11.0
y/y —
1.4
y/y —
0.5
y/y —
1.9
y/y —
1.2
y/y —
——40.2
y/y —
20.3
y/y —
21.8%-1.6Report (PDF)
2024-06-30Q2 2024 (3M)OK10.2
y/y —
1.6
y/y —
0.4
y/y —
2.0
y/y —
1.3
y/y —
——38.4
y/y —
19.5
y/y —
19.6%-1.0Report (PDF)
2024-03-31Q1 2024 (3M)OK9.4
y/y —
0.9
y/y —
0.4
y/y —
1.3
y/y —
0.8
y/y —
——38.4
y/y —
22.5
y/y —
—-2.5Report (PDF)
Data quality — review suggested

Production & Reserves

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

Coal →

Proved reserves
2 980 Mt
2024
Reserve life (R/P)
68.8 yrs
reserves ÷ annual output
Annual production
43.30 Mt
2024

Proved reserves

YearReserves, Mt
20242 980

Production

YearProduction, Mt
202443.30
+3.3%
202341.90

PT Bukit Asam (PTBA) FY2024: record coal production 43.3 Mt, sales 42.9 Mt; proved+probable reserves ~2.98 Bt (PTBA Public Expose 2024 / ptba.co.id).

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 5005 0007 50010 00012 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%-50%0%50%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

Net debt / cash ($ mln)

-4 000-2 00002 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Commodity-player potential

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

Upside: +116.6%

Main driver: Steam coal AU +36% vs LTM; revenue ×1.30 vs costs ×1.04; EBITDA 3 643 294→11 701 681; at 6.2× EV/EBITDA → +117%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Steam coal AU (rev)+85%151.25111.36130.59+36%+17%

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

1 · Reported baseline (LTM)
LTM revenue42 623 005
LTM EBITDA3 643 294
LTM cash costs (revenue − EBITDA)38 979 711
2 · Revenue projection
Revenue multiplier — spot×1.304 (+30%)
= Spot revenue55 601 415
Revenue multiplier — 3y price×1.147 (+15%)
= 3-year-price revenue48 879 745
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs40 538 899
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs40 538 899
4 · EBITDA projection (revenue − costs)
= Spot EBITDA15 062 515
= 3-year-price EBITDA8 340 846
Conservative EBITDA = min(spot, avg)11 701 681
5 · Valuation → target market cap
Historical EV/EBITDA (3-yr average)6.2x
Target EV = EV/EBITDA × conservative EBITDA72 182 002
Net debt2 857 030
Target market cap = EV − net debt69 324 972
Current market cap32 010 000

Upside = target market cap ÷ current − 1 = +116.6%

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2025-06-23332.437 IDREx-dividend: 332.437 IDR per sharePaidYahoo Finance (ex-div)
2024-05-21397.712 IDREx-dividend: 397.712 IDR per sharePaidYahoo Finance (ex-div)
2023-06-261 094.05 IDREx-dividend: 1 094.05 IDR per sharePaidYahoo Finance (ex-div)
2022-06-06688.515 IDREx-dividend: 688.515 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.ptba.co.id/en/investor-relations

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