GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary
PT Bukit Asam Tbk (OTCPK:PBATF)
[1]
Data Out of Date, Use Caution[5]$ 0.1869
GF Score: 97/100Market Cap: $ 1,669 Mil
Industry: Energy - Other Energy Sources
PT Bukit Asam Tbk is an Indonesia-based company engaged in the coal mining industry and related activities, including general probing, exploration, exploitation, processing, transportation, and trading, managing coal port facilities for own needs or other parties, operating coal-fired power plants for own needs and other parties, and providing consulting and engineering services related ... read more
Latest FY Operating Revenue by Business Segment
Business Segment Name2024Percentage
Coal2,62598.42%
Others279.0610.46%
Elimination-237.00-8.89%
Financial Strength
Rank: 8 /10CurrentIndustry MedianHistorical Median
Cash-to-Debt2.641.755.88
Equity-to-Asset0.540.6250.63
Interest Coverage25.3714.98557.33
Piotroski F-Score545
Profitability Rank
Rank: 9 /10CurrentIndustry MedianHistorical Median
Operating Margin %11.107.4820.26
Net Margin %10.865.3317.24
ROE %21.912.13524.02
ROA %11.700.9315.33
ROC (Joel Greenblatt) %48.116.5861.30
Growth Rank(* per share data)
Rank: 10 /1010-Yr5-Yr1-Yr
Revenue Growth %12.518.013.9
EBITDA Growth %13.210.8-23.9
Oprt. Income Growth %12.89.9-21.7
EPS w/o NRI Growth %14.012.4-18.2
FCF Growth %15.00.4149.7
Book Value Growth %10.95.12.4
Momentum Rank
Rank: 10 /10CurrentIndustry MedianHistorical Median
5-Day RSIN/A50.24N/A
9-Day RSIN/A50.80N/A
14-Day RSI6.6151.41N/A
6-1M Momentum %-11.00-8.43N/A
12-1M Momentum %-11.00-16.95N/A
Quarterly
Mar24Jun24Sep24Dec24Mar25
Revenue599.13626.84717.70755.12604.69
Net Income50.3676.0778.04116.8323.77
EPS0.000.010.010.010.00
Revenue YoY %-7.905.2724.158.970.93
Net Income YoY %-33.71-29.4819.42-22.09-52.80
EPS YoY %-42.86-22.2216.67-23.08-50.00
Free Cash Flow-16.49144.9056.6952.4536.20
Cash & Equiv.298.55306.10326.06299.39321.67
Total Current Assets889.80836.94960.98949.97865.48
Short-Term Debt & CLO34.31182.58158.86117.41103.88
Total Current Liabilities564.53725.64823.48746.76728.35
Total Liabilities1,0151,1561,2911,1941,165
Stockholders Equity1,4221,1881,3171,4031,392
Warning Signs
SEVEREGross Margin %: Declined
SEVEREOperating Margin %: Declined
Good Signs
GOODFinancial Strength: Strong Financial Strength
GF Value Rank
Rank: 9 /10CurrentIndustry MedianHistorical Median
PE Ratio5.8710.946.72
Forward P/E10.9911.02N/A
PB Ratio1.211.231.63
PS Ratio0.641.171.23
P/FCF5.917.4558.15
Shiller P/E4.659.747.40
PEG Ratio0.540.590.35
Valuation Analysis
Current% of Price
NCAV-0.03-16
Tangible Book0.1580
Price0.1869
GF Value0.23123
Graham Number0.33177
Median PS Value0.38203
EPV0.39209
Peter Lynch Value0.45241
DCF (Earnings Based)0.54289
DCF (FCF Based)0.58310
Dividend & Ownership
Dividend Yield (TTM) %N/A
Dividend Yield (Forward) %N/A
Dividend Payout Ratio0.92
Dividend Growth (5Y) %20.90
Yield on Cost (5Y) %N/A
Continuous Div. since2024
Insider Ownership %N/A
Institution Ownership %6.45
As of 07-04-2025
* All financial numbers are in millions except for per share data, ratios and percentage change. "Neg. E" means negative equity.
20152016201720182019202020212022202320242025Performance
%GainSP500
1W--2.20
1M12.175.22
3M12.1716.86
6M-0.176.27
YTD-0.177.34
1Y-0.1714.81
3Y71.7319.56
5Y18.8816.53
10Y4.8913.58
1.09
0.49
0.12
685
342.5
2015201620172018201920202021202220232024CurrentKey Data
1.090.440.440.440.440.440.120.120.180.210.21Highest Stock Price
0.310.310.440.440.440.120.120.120.120.170.19Lowest Stock Price
3,2684,6384,6384,6384,9241,3421,3781,3782,0542,4181,669Market Cap
10,81810,54010,54010,54010,92311,18611,26811,48711,48711,50711,514Shares Outstanding-Diluted
4.8113.165.799.017.1713.193.863.374.596.195.87PE Ratio
4.925.954.634.193.791.130.820.751.491.721.21PB Ratio
0.711.871.332.141.331.811.040.990.730.740.64PS Ratio
2.678.103.645.634.497.601.731.642.794.353.95EV-to-EBITDA
2015201620172018201920202021202220232024TTMPer Share Data
0.090.100.140.140.140.110.180.240.220.230.24Revenue per Share
0.010.010.030.030.030.020.050.070.030.030.03Earnings per Share
0.010.010.010.050.020.020.060.070.010.020.03Free Cash Flow per Share
0.020.02------0.020.010.040.070.030.02Dividends per Share
0.060.070.100.100.120.110.150.160.120.120.12Tangible Book per Share
--------0.670.130.200.190.360.370.38Median PS Value
0.140.150.260.280.260.190.400.500.300.280.26Graham Number
2015201620172018201920202021202220232024TTMIncome Statement
1,0011,0481,4361,4601,5551,2222,0422,7312,4812,6672,704Revenue
307.26328.04627.57589.56543.14322.18941.051,151590.21511.49490.56Gross Profit
30.7131.3143.6940.3734.9426.3646.0842.1323.7919.1818.14Gross Margin %
132.77142.17194.90160.17189.10147.65254.11217.94156.36185.62188.67Total Operating Expense
174.49185.87432.67429.38354.04174.53686.94932.64433.86325.87301.90Operating Income
17.4417.7430.1229.4022.7714.2833.6434.1517.4912.2211.16Operating Margin %
147.14149.52330.25346.59289.49168.41551.97804.84393.54318.27294.71Net Income
14.7014.2722.9923.7318.6213.7827.0329.4715.8611.9310.90Net Margin %
203.89212.09455.29476.20394.60234.07730.671,047533.04401.20369.29EBIT
214.44225.15468.49487.90406.81248.38749.241,064553.14419.84388.30EBITDA
21.9720.7737.0932.8724.0513.5538.5745.7624.4422.8621.92ROE %
12.1811.4821.9721.0716.409.4626.1729.6714.5712.4711.71ROA %
2015201620172018201920202021202220232024Mar25Balance Sheet
270.25327.45292.45457.03352.25407.29959.391,072358.10299.39321.67Cash & Equivalents & MS
549.17622.31820.21788.30833.45590.161,2711,565976.35949.97865.48Total Current Assets
1,2211,3851,6221,6681,8621,6972,5212,9052,4992,6062,566Total Assets
97.71120.5532.5325.6722.9937.5529.3837.8935.97117.41103.88Short-Term Debt & CLO
355.79375.83324.36340.50334.76273.23523.46685.35642.47746.76728.35Total Current Liabilities
48.4455.9739.2931.7622.0328.2243.7149.3547.9322.9717.93Long-Term Debt & CLO
549.75598.05604.03545.23547.69502.19828.391,0531,1091,1941,165Total Liabilities
663.09776.691,0041,1051,3031,1831,6791,8381,3821,4031,392Total Stockholders Equity
671.25786.461,0181,1221,3151,1951,6931,8521,3901,4121,401Total Equity
2015201620172018201920202021202220232024TTMCashflow Statement
137.16143.72178.20542.78306.59247.91753.38802.27200.11314.87371.99Cash Flow from Operations
-80.47-23.49-39.56-108.78-270.078.01-686.64-82.89467.79-58.89-49.04Cash Flow from Investing
-129.73-75.36-148.05-247.33-145.08-288.09-63.62-555.15-853.03-258.14-254.41Cash Flow from Financing
-66.7841.69-8.80189.42-110.20303.45306.07445.65268.00255.95326.20Net Change in Cash
225.16273.87262.30434.70339.44306.28306.67450.23266.76257.73295.70Ending Cash Position
-49.67-21.87-56.58-62.04-92.30-51.29-66.23-57.95-65.07-76.82-81.76Capital Expenditure
87.49121.85121.62480.74214.29196.62687.15744.33135.04238.05290.23Free Cash Flow
Competitor(* Up to 5 competitors are listed here. See full competitors list in the Competitive Comparison section below)
TickerCompanyMarket Cap
($M)
PE RatioGF Score
/100
Financial
Strength /10
Profitability
Rank /10
GF Value
Rank /10
Growth
Rank /10
Momentum
Rank /10
ISX:BUMIPT Bumi Resources Tbk2,591146.9455651210
OTCPK:PBATFPT Bukit Asam Tbk1,6695.87978991010
ISX:ITMGPT Indo Tambangraya Megah Tbk1,5404.089410107104
ISX:MCOLPT Prima Andalan Mandiri Tbk99011.598298674
ISX:HRUMPT Harum Energy Tbk66711.7582692104
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Financial Strength[2] (Quarterly data, as of Mar. 2025) : Good (8/10)

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Cash-to-Debt : 2.64

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.


Equity-to-Asset : 0.54

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.


Debt-to-Equity : 0.09

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.


Piotroski F-Score : 5

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

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WACC : 8.82% vs ROIC : 11.88%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.


Dividend Yield : 13.09%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Profitability[3] (Annual data, as of Dec. 2024) : Good (9/10)

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9

Revenue : $605 Mil vs Net Income : $24 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.


Cash & Equivalents : $296 Mil vs Long-Term Debt* : $18 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.


Operating Margin % : 3.19%

Operating margin % measures how much profit a company makes on a dollar of sales. Operating Margin % is calculated as Operating Income divided by Revenue.


EPS without NRI : $0.00

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.


Dividends per Share : $0.00

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.


Free Cash Flow per Share : $0.00

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Valuation (Quarterly data, as of Mar. 2025)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.


Valuation Chart (Current stock price : $0.1869)


PE Ratio without NRI : 6.16

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.


PB Ratio : 1.54

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.


PS Ratio : 0.67

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.


Price-to-Free-Cash-Flow : 6.21

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.


EV-to-EBIT : 4.39

Enterprise value of a company divided by its trailing 12 months earnings before interest and taxes (EBIT).

GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.


Historical Price and PE Band


Historical Price and PS Band


Historical Price and PB Band


Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.


Severe Warning Signs

Gross Margin % : Declined

PT Bukit Asam Tbk gross margin has been in long-term decline. The average rate of decline per year is -9.3%.

Operating Margin % : Declined

PT Bukit Asam Tbk operating margin has been in a 5-year decline. The average rate of decline per year is -6.9%.

Good Signs

Financial Strength : Strong Financial Strength

PT Bukit Asam Tbk shows strong financial strength.

Beneish M-Score : Unlikely manipulator

Beneish M-Score -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

Revenue per Share : Consistent growth

PT Bukit Asam Tbk has shown predictable revenue and earnings growth.

Medium Warning Signs

Altman Z-Score : Grey

Altman Z-score of 2.62 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Dividend Payout Ratio : Too high

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of PT Bukit Asam Tbk is 0.97, which seems too high.

Dividend Yield % : Close to 3-year low

PT Bukit Asam Tbk stock Dividend Yield % is close to 3-year low.

Valuation : Forward PE Ratio

Company's forward PE ratio is higher than the trailing PE ratio. Company's earnings are in decline.
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Competitive Comparison


5 Year Price Change Comparison



Financial Strength

CompanyFinancial StrengthCash-to-DebtEquity-to-AssetDebt-to-EquityInterest CoveragePiotroski F-ScoreAltman Z-ScoreBeneish M-ScoreWACC %ROIC %
ISX:BSSRPT Baramulti Suksessarana Tbk10/1026.020.750.011146.7278.35-3.549.5234.96
ISX:ITMGPT Indo Tambangraya Megah Tbk10/1018.690.810.03120.4684.960.579.5231.30
ISX:BYANPT Bayan Resources Tbk9/104.610.750.0695.18737.02-1.47-0.3842.12
ISX:MCOLPT Prima Andalan Mandiri Tbk9/102.000.740.1415.5255.98-2.117.7217.23
SHSE:601088China Shenhua Energy Co Ltd8/103.230.640.1230.1234.56-2.885.9913.59
OTCPK:PBATFPT Bukit Asam Tbk8/102.640.540.0925.3752.62-2.588.8211.88
NSE:COALINDIACoal India Ltd7/104.360.380.0938.2622.15-2.1413.0912.76
ISX:DSSAPT Dian Swastatika Sentosa Tbk7/100.790.430.728.5769.50-1.7216.1419.93
ISX:SGERPT Sumber Global Energy Tbk7/100.070.440.655.8435.09-1.715.3214.58
SHSE:601225Shaanxi Coal Industry Co Ltd7/101.900.410.2150.6152.97-2.086.8818.78
HKSE:01898China Coal Energy Co Ltd6/100.000.440.0131.9251.70-2.415.3215.81
ISX:BUMIPT Bumi Resources Tbk6/100.140.400.172.4470.98-2.4813.070.61
ISX:DEWAPT Darma Henwa Tbk6/100.200.490.502.4361.47-2.646.562.06
ISX:HRUMPT Harum Energy Tbk6/100.310.310.569.5951.49-1.958.325.73
ISX:INDYPT Indika Energy Tbk6/100.510.420.841.7951.77-2.304.461.51
ISX:ABMMPT ABM Investama Tbk5/100.160.421.080.5041.60-2.2510.112.32
ISX:CUANPT Petrindo Jaya Kreasi Tbk5/100.310.163.110.3844.682.3110.122.10
BOM:512599Adani Enterprises Ltd4/100.070.251.832.1442.18-2.3612.904.60
ISX:TOBAPT TBS Energi Utama Tbk4/100.230.281.630.6331.11-3.6015.254.10
SHSE:600188Yankuang Energy Group Co Ltd3/100.360.231.366.7341.02-2.565.816.77
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Competitive Comparison - Cont.


Profitability

CompanyProfitability RankOperating
Margin %
Net Margin %ROE %ROA %Price-to-Free-Cash-FlowROC (Joel Greenblatt) %3-Year Revenue Growth %3-Year EBITDA Growth %3-Year EPS w/o NRI Growth %
ISX:BSSRPT Baramulti Suksessarana Tbk10/1016.4712.6839.0626.345.2378.3615.30-10.10-10.60
ISX:BYANPT Bayan Resources Tbk10/1034.1126.0442.8229.6462.9077.1410.60-6.00-6.10
ISX:DSSAPT Dian Swastatika Sentosa Tbk10/1019.279.7318.528.38120.8169.5123.3032.2051.80
ISX:ITMGPT Indo Tambangraya Megah Tbk10/1021.0616.3120.3016.115.3298.566.40-5.50-11.60
OTCPK:PBATFPT Bukit Asam Tbk9/1011.1010.8621.9111.705.9148.1112.70-15.00-14.20
ISX:HRUMPT Harum Energy Tbk9/1013.954.385.892.210.006.8860.401.901.40
SHSE:601225Shaanxi Coal Industry Co Ltd9/1021.5812.3223.9510.337.3740.936.604.601.10
HKSE:01898China Coal Energy Co Ltd8/1043.4912.5511.384.8016.1443.00-13.00-2.706.70
SHSE:601088China Shenhua Energy Co Ltd8/1024.6417.5313.368.4816.8228.680.305.106.30
NSE:COALINDIACoal India Ltd8/1026.6327.8538.1514.2015.2747.438.1025.9026.70
ISX:MCOLPT Prima Andalan Mandiri Tbk8/1015.7212.1415.5311.3113.3629.274.90-22.80-25.60
ISX:SGERPT Sumber Global Energy Tbk8/105.343.8725.3610.690.0026.5153.4044.8018.70
ISX:TOBAPT TBS Energi Utama Tbk8/106.24-11.40-13.19-4.726.4010.522.10-0.50-11.40
BOM:512599Adani Enterprises Ltd7/1010.697.2716.223.940.0016.6010.6065.3065.00
ISX:ABMMPT ABM Investama Tbk7/104.279.3913.475.263.8922.589.50-0.90-0.80
ISX:DEWAPT Darma Henwa Tbk6/104.301.252.140.930.008.079.30-20.901.60
ISX:CUANPT Petrindo Jaya Kreasi Tbk6/102.4114.2462.519.050.0026.95217.10302.600.00
ISX:BUMIPT Bumi Resources Tbk5/103.841.471.260.490.006.77-33.00-60.10-42.70
ISX:INDYPT Indika Energy Tbk5/105.62-0.32-0.63-0.250.0021.26-3.70-36.40-55.50
SHSE:600188Yankuang Energy Group Co Ltd5/1020.1010.7917.313.8718.1818.49-4.403.30-6.60

Valuation

CompanyPE RatioPB RatioPS RatioPrice-to-Intrinsic-Value-Projected-FCFPrice-to-Intrinsic-Value-DCF (Earnings Based)Price-to-Median-PS-ValuePrice-to-Peter-Lynch-Fair-ValuePrice-to-Graham-NumberEarnings Yield (Joel Greenblatt) %Forward Rate of Return (Yacktman) %
ISX:INDYPT Indika Energy TbkAt Loss0.350.190.210.000.8457.524.1312.6241.95
ISX:TOBAPT TBS Energi Utama TbkAt Loss1.290.992.283.231.960.002.672.161.85
ISX:ITMGPT Indo Tambangraya Megah Tbk4.080.760.680.210.000.830.160.3692.1549.49
ISX:ABMMPT ABM Investama Tbk4.600.580.430.270.000.880.200.3616.9338.36
ISX:BSSRPT Baramulti Suksessarana Tbk5.872.190.740.330.190.880.230.7823.6340.67
OTCPK:PBATFPT Bukit Asam Tbk5.871.210.640.280.350.490.420.5724.1035.60
HKSE:01898China Coal Energy Co Ltd6.600.740.840.320.211.630.330.4649.0240.49
NSE:COALINDIACoal India Ltd6.872.451.911.050.391.100.270.8922.9820.00
SHSE:601225Shaanxi Coal Industry Co Ltd8.411.951.020.370.350.800.481.0220.5834.51
ISX:SGERPT Sumber Global Energy Tbk10.642.330.410.000.000.000.331.0711.590.00
SHSE:600188Yankuang Energy Group Co Ltd11.021.440.960.590.001.520.441.7712.5332.72
ISX:MCOLPT Prima Andalan Mandiri Tbk11.591.741.410.000.000.000.370.9812.580.00
ISX:HRUMPT Harum Energy Tbk11.750.740.520.540.000.380.270.536.2025.71
SHSE:601088China Shenhua Energy Co Ltd14.551.882.560.790.871.561.871.2011.6715.61
ISX:BYANPT Bayan Resources Tbk41.3816.5411.553.060.003.571.665.523.0022.27
BOM:512599Adani Enterprises Ltd43.676.083.010.000.005.503.867.703.9120.00
ISX:CUANPT Petrindo Jaya Kreasi Tbk66.1326.418.920.000.000.000.0039.712.170.00
ISX:DSSAPT Dian Swastatika Sentosa Tbk87.8212.277.362.162.8111.323.516.973.2722.49
ISX:DEWAPT Darma Henwa Tbk89.851.560.762.000.002.830.002.512.692.97
ISX:BUMIPT Bumi Resources Tbk146.941.571.870.000.002.010.002.903.380.00
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Peter Lynch Chart[4]

GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Per Share Data


Per Share Data

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
0.08
0.08
0.10
0.11
0.08
0.10
0.09
0.10
0.14
0.14
0.14
0.11
0.18
0.24
0.22
0.23
0.24
Revenue per Share
0.03
0.02
0.04
0.04
0.02
0.02
0.02
0.02
0.04
0.05
0.04
0.02
0.07
0.09
0.05
0.04
0.03
EBITDA per Share
0.03
0.02
0.04
0.04
0.02
0.02
0.02
0.02
0.04
0.05
0.04
0.02
0.07
0.09
0.05
0.04
0.03
EBIT per Share
0.03
0.02
0.03
0.03
0.01
0.01
0.01
0.01
0.03
0.03
0.03
0.02
0.05
0.07
0.03
0.03
0.03
Earnings per Share (Diluted)
0.03
0.02
0.03
0.03
0.01
0.01
0.01
0.01
0.03
0.03
0.03
0.02
0.05
0.07
0.03
0.03
0.03
EPS without NRI
--
--
--
--
0.05
0.05
0.05
0.02
0.07
0.04
0.05
0.01
0.03
0.03
0.03
0.03
0.03
Owner Earnings per Share (TTM)
0.03
0.02
0.03
0.01
0.01
0.01
0.01
0.01
0.01
0.05
0.02
0.02
0.06
0.07
0.01
0.02
0.03
Free Cash Flow per Share
0.03
0.02
0.04
0.02
0.02
0.02
0.01
0.01
0.02
0.05
0.03
0.02
0.07
0.07
0.02
0.03
0.03
Operating Cash Flow per Share
0.04
0.05
0.07
0.06
0.03
0.03
0.03
0.03
0.03
0.04
0.03
0.04
0.08
0.09
0.03
0.03
0.03
Cash per Share
--
--
0.06
--
0.06
--
0.02
0.02
--
--
--
0.02
0.01
0.04
0.07
0.03
0.02
Dividends per Share
0.05
0.06
0.08
0.08
0.06
0.06
0.06
0.07
0.10
0.11
0.12
0.11
0.15
0.16
0.12
0.12
0.12
Book Value per Share
0.05
0.06
0.08
0.08
0.06
0.06
0.06
0.07
0.10
0.10
0.12
0.11
0.15
0.16
0.12
0.12
0.12
Tangible Book per Share
--
--
--
--
0.00
0.02
0.01
0.02
0.01
0.01
0.00
0.01
0.01
0.01
0.01
0.01
0.01
Total Debt per Share
--
--
--
--
1.01
1.09
0.31
0.44
0.44
0.44
0.44
0.12
0.12
0.12
0.18
0.21
0.19
Month End Stock Price
11,521
11,521
11,521
11,490
11,102
10,871
10,818
10,540
10,540
10,540
10,923
11,186
11,268
11,487
11,487
11,507
11,514
Shares Outstanding (Diluted Average)

Ratios

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
60.28
33.85
42.64
34.07
20.26
23.17
21.97
20.77
37.09
32.87
24.05
13.55
38.57
45.76
24.44
22.86
21.92
ROE %
--
--
--
--
1.14
1.32
4.47
3.49
8.01
7.84
6.35
11.99
47.04
61.01
16.40
13.29
18.11
ROE % Adjusted to Book Value
41.35
24.32
30.46
23.22
13.20
13.86
12.18
11.48
21.97
21.07
16.40
9.46
26.17
29.67
14.57
12.47
11.71
ROA %
60.28
33.85
42.64
34.07
20.26
23.17
22.09
20.99
37.41
33.10
24.19
13.63
38.77
45.94
24.54
22.96
22.02
Return-on-Tangible-Equity
41.35
24.32
30.46
23.22
13.20
13.86
12.22
11.54
22.08
21.16
16.47
9.50
26.26
29.74
14.60
12.50
11.74
Return-on-Tangible-Asset
366
191
316
230
89.63
69.24
54.16
41.29
65.67
68.79
55.51
30.96
103
144
71.60
52.11
48.12
ROC (Joel Greenblatt) %
66.41
32.90
48.22
36.99
21.26
23.47
23.01
22.64
39.48
36.28
27.65
15.86
42.71
49.64
26.16
21.60
20.52
ROCE %
--
--
--
--
--
-11.90
27.87
33.33
-54.84
31.67
16.67
--
14.40
33.33
18.37
51.85
58.33
5-Year RORE %
--
--
243
-5.57
-80.24
-1.72
11.18
1.41
148
-174
-27.13
152
146
68.81
-249
-21.68
-12.74
1-Year ROIIC %
105
58.16
74.58
50.14
21.05
17.41
15.09
13.82
28.30
27.92
20.74
9.52
36.86
43.51
17.69
12.90
11.92
ROIC %
12.25
10.80
9.45
9.99
7.78
4.46
5.09
12.57
14.24
12.48
9.39
6.13
6.83
8.93
12.55
6.76
8.82
WACC %
--
--
20.63
11.42
9.31
4.17
6.94
6.88
6.15
11.05
10.41
10.92
11.17
11.22
8.73
9.69
7.94
Effective Interest Rate on Debt %
54.13
46.15
49.89
43.89
30.90
29.99
30.71
31.31
43.69
40.37
34.94
26.36
46.08
42.13
23.79
19.18
18.14
Gross Margin %
39.66
29.05
35.35
30.99
19.21
15.67
17.44
17.74
30.12
29.40
22.77
14.28
33.64
34.15
17.49
12.22
11.16
Operating Margin %
30.50
25.27
29.16
25.01
16.29
14.23
14.70
14.27
22.99
23.73
18.62
13.78
27.03
29.47
15.86
11.93
10.90
Net Margin %
39.66
29.05
39.17
34.01
22.32
19.43
21.43
21.49
32.61
33.41
26.17
20.32
36.69
38.94
22.30
15.74
14.36
EBITDA Margin %
30.38
25.29
31.82
13.58
8.35
9.57
8.74
11.63
8.47
32.92
13.78
16.08
33.65
27.25
5.44
8.93
10.73
FCF Margin %
0.00
0.00
0.00
0.01
0.01
0.27
0.22
0.23
0.07
0.05
0.04
0.06
0.04
0.05
0.06
0.10
0.09
Debt-to-Equity
0.71
0.73
0.70
0.66
0.64
0.57
0.54
0.56
0.62
0.66
0.70
0.70
0.67
0.63
0.55
0.54
0.54
Equity-to-Asset
0.00
0.00
0.00
0.00
0.01
0.15
0.12
0.13
0.04
0.03
0.02
0.04
0.03
0.03
0.03
0.05
0.05
Debt-to-Asset
0.28
0.26
0.29
0.33
0.35
0.43
0.45
0.43
0.37
0.33
0.29
0.30
0.33
0.36
0.44
0.46
0.45
Liabilities-to-Assets
73.38
44.42
52.11
40.74
25.04
29.21
25.43
25.18
41.75
35.84
30.77
18.10
44.62
42.41
21.85
20.04
19.49
Gross-Profit-to-Asset %
--
--
0.81
1.06
0.96
-27.58
0.67
-0.01
1.08
1.04
1.18
1.04
1.06
1.00
1.04
0.74
0.74
Degree of Financial Leverage
1.36
0.96
1.05
0.93
0.81
0.97
0.83
0.80
0.96
0.89
0.88
0.69
0.97
1.01
0.92
1.05
1.07
Asset Turnover
--
--
2.07
--
4.21
--
1.64
1.57
--
--
--
1.53
0.10
0.63
2.09
0.89
0.92
Dividend Payout Ratio
54.26
56.18
23.04
10.53
15.78
12.58
25.54
49.75
71.72
71.01
41.21
43.08
29.29
29.47
34.54
38.21
38.69
Days Sales Outstanding
5.16
5.51
6.73
7.85
15.55
20.54
33.35
31.20
23.82
28.86
26.18
24.73
22.85
24.55
24.92
26.78
29.99
Days Payable
33.90
34.92
36.82
40.74
43.93
39.07
45.33
43.43
37.78
40.30
37.11
31.53
23.39
38.10
57.94
55.73
45.69
Days Inventory
83.00
85.59
53.13
43.42
44.16
31.11
37.52
61.98
85.68
82.45
52.14
49.88
29.83
43.02
67.56
67.16
54.39
Cash Conversion Cycle
6.73
6.50
15.84
34.67
23.13
29.02
14.29
7.34
5.09
5.14
8.86
8.47
12.46
12.38
10.57
9.55
9.43
Receivables Turnover
10.77
10.45
9.91
8.96
8.31
9.34
8.05
8.40
9.66
9.06
9.84
11.58
15.61
9.58
6.30
6.55
7.99
Inventory Turnover
0.46
0.54
0.50
0.56
0.69
0.70
0.69
0.69
0.56
0.60
0.65
0.74
0.54
0.58
0.76
0.81
0.82
COGS-to-Revenue
0.04
0.05
0.05
0.06
0.08
0.08
0.09
0.08
0.06
0.07
0.07
0.06
0.04
0.06
0.12
0.12
0.10
Inventory-to-Revenue
0.01
0.06
0.02
0.06
0.10
0.06
0.05
0.02
0.04
0.04
0.06
0.04
0.03
0.02
0.03
0.03
0.03
Capex-to-Revenue
0.01
0.21
0.06
0.18
0.52
0.35
0.29
0.12
0.13
0.14
0.26
0.29
0.10
0.06
0.15
0.24
0.27
Capex-to-Operating-Income
0.02
0.20
0.07
0.29
0.54
0.37
0.36
0.15
0.32
0.11
0.30
0.21
0.09
0.07
0.33
0.24
0.22
Capex-to-Operating-Cash-Flow
* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative. When ROE % or ROE % Adjusted to Book Value displays Neg. E, it means the the total shareholders equity is negative.
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Financial Statement

Income Statement

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
947
877
1,170
1,204
926
1,052
1,001
1,048
1,436
1,460
1,555
1,222
2,042
2,731
2,481
2,667
2,704
Revenue
434
472
586
676
640
736
693
720
809
871
1,012
900
1,101
1,581
1,891
2,155
2,214
Cost of Goods Sold
513
405
583
528
286
315
307
328
628
590
543
322
941
1,151
590
511
491
Gross Profit
54.13
46.15
49.89
43.89
30.90
29.99
30.71
31.31
43.69
40.37
34.94
26.36
46.08
42.13
23.79
19.18
18.14
Gross Margin %
135
147
178
93.97
69.19
73.47
56.59
64.08
61.97
78.60
94.23
75.53
87.28
92.11
75.60
96.37
97.92
Selling, General, & Admin. Expense
2.24
3.24
-8.40
61.25
39.14
77.17
76.18
78.09
133
81.57
94.87
72.11
167
126
80.76
89.26
90.74
Other Operating Expense
137
150
170
155
108
151
133
142
195
160
189
148
254
218
156
186
189
Total Operating Expense
376
255
413
373
178
165
174
186
433
429
354
175
687
933
434
326
302
Operating Income
39.66
29.05
35.35
30.99
19.21
15.67
17.44
17.74
30.12
29.40
22.77
14.28
33.64
34.15
17.49
12.22
11.16
Operating Margin %
21.40
27.09
44.89
34.03
19.83
21.53
19.06
15.03
13.64
22.50
27.76
25.58
17.93
27.41
37.66
15.60
14.67
  Interest Income
--
--
-0.36
-0.38
-0.52
-3.92
-11.37
-11.09
-7.64
-7.14
-5.33
-6.05
-7.75
-9.00
-7.47
-10.87
-11.88
  Interest Expense
21.40
27.09
44.53
33.65
19.31
17.61
8.35
3.94
6.00
15.36
22.43
19.53
10.17
18.42
30.19
4.73
2.79
Net Interest Income
1.22
6.37
-0.31
-0.61
6.19
11.71
9.68
11.19
8.99
24.31
12.81
33.96
25.80
86.56
61.53
59.73
52.73
Other Income (Expense)
398
288
458
406
203
194
193
201
448
469
389
228
723
1,038
526
390
357
Pre-Tax Income
-109
-66.60
-116
-104
-50.18
-44.25
-45.29
-50.12
-112
-116
-101
-58.12
-162
-219
-120
-69.83
-60.88
Tax Provision
27.45
23.11
25.43
25.62
24.66
22.79
23.53
24.94
25.06
24.68
25.93
25.49
22.41
21.13
22.83
17.89
17.04
Tax Rate %
0.17
-1.10
--
-0.00
--
--
0.00
--
-0.00
0.00
-0.00
-0.00
--
--
--
--
-0.00
Other Net Income (Loss)
289
221
341
302
153
150
147
151
335
353
288
170
561
818
406
320
297
Net Income Including Noncontrolling Interests
289
221
341
302
153
150
147
151
335
353
288
170
561
818
406
320
297
  Net Income (Continuing Operations)
-0.17
1.10
-0.25
-0.97
-2.33
-0.25
-0.09
-1.36
-5.22
-6.70
1.18
-1.49
-8.92
-13.57
-12.03
-2.23
-1.82
Other Income (Minority Interest)
289
222
341
301
151
150
147
150
330
347
289
168
552
805
394
318
295
Net Income
30.50
25.27
29.16
25.01
16.29
14.23
14.70
14.27
22.99
23.73
18.62
13.78
27.03
29.47
15.86
11.93
10.90
Net Margin %
0.03
0.02
0.03
0.03
0.01
0.01
0.01
0.01
0.03
0.03
0.03
0.02
0.05
0.07
0.03
0.03
0.03
EPS (Basic)
0.03
0.02
0.03
0.03
0.01
0.01
0.01
0.01
0.03
0.03
0.03
0.02
0.05
0.07
0.03
0.03
0.03
EPS (Diluted)
11,521
11,521
11,521
11,490
11,102
10,871
10,818
10,540
10,540
10,540
10,923
11,186
11,268
11,487
11,487
11,507
11,514
Shares Outstanding (Diluted Average)
376
255
458
407
204
198
204
212
455
476
395
234
731
1,047
533
401
369
EBIT
--
--
--
2.88
2.79
6.34
10.55
13.06
13.19
11.71
12.21
14.32
18.57
17.05
20.09
18.65
19.01
Depreciation, Depletion and Amortization
376
255
458
409
207
204
214
225
468
488
407
248
749
1,064
553
420
388
EBITDA
39.66
29.05
39.17
34.01
22.32
19.43
21.43
21.49
32.61
33.41
26.17
20.32
36.69
38.94
22.30
15.74
14.36
EBITDA Margin %
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Financial Statement

Cashflow Statement

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
924
928
1,144
1,166
936
1,052
983
996
1,211
1,637
1,552
1,272
1,935
2,730
2,468
2,600
2,741
  Receipts from Customers
11.00
14.44
9.26
14.28
8.10
2.26
7.27
--
--
--
--
--
--
--
--
--
--   Other Cash Receipts from Operating Activities
935
943
1,153
1,181
944
1,055
990
996
1,211
1,637
1,552
1,272
1,935
2,730
2,468
2,600
2,741
Cash Receipts from Operating Activities
-488
-532
-614
-756
-649
-773
-738
-747
-876
-884
-1,070
-936
-991
-1,446
-1,865
-1,965
-2,053
  Payments to Suppliers for Goods and Services
-44.12
-64.50
-74.13
--
--
--
--
--
--
--
--
--
--
--
--
--
--   Payments on Behalf of Employees
0.00
--
-0.00
-76.41
-53.27
-61.56
-58.60
-55.15
-78.72
-77.86
-96.11
-64.97
-115
-247
-280
-258
-255
  Other Cash Payments from Operating Activities
-532
-597
-688
-832
-702
-834
-797
-802
-955
-962
-1,167
-1,001
-1,106
-1,694
-2,145
-2,224
-2,307
Cash Payments
-1.80
--
-0.36
-0.38
-0.52
-2.90
-11.05
-11.18
-6.18
-5.37
-5.32
-6.11
-7.84
-9.00
-7.48
-10.87
-10.15
Interest Paid
21.18
27.09
35.91
27.22
19.83
21.53
19.72
12.28
11.14
18.43
27.21
24.74
19.98
27.08
38.03
20.07
21.94
Interest Received
--
--
-103
-146
-91.92
-80.17
-64.72
-51.82
-82.69
-145
-101
-42.04
-88.22
-252
-154
-70.64
-73.13
Taxes Refund Paid
-130
-96.93
0.00
-0.00
0.00
-0.00
0.00
-0.00
0.00
-0.00
--
--
0.00
0.00
0.00
--
0.00
Cash Flow from Others
292
276
398
230
170
159
137
144
178
543
307
248
753
802
200
315
372
Cash Flow from Operations
-4.38
-54.31
-26.00
-66.49
-92.17
-58.25
-49.67
-21.87
-56.58
-62.04
-92.30
-51.29
-66.23
-57.95
-65.07
-76.82
-81.76
Purchase Of Property, Plant, Equipment
--
0.21
--
--
--
--
--
--
--
--
--
--
0.40
--
--
--
-- Sale Of Property, Plant, Equipment
-1.04
-16.62
-15.35
-16.23
--
-81.00
-12.26
-2.21
-0.28
-41.32
-26.99
-35.99
-63.05
--
-15.97
-33.64
-- Purchase Of Business
--
--
--
--
--
--
0.19
--
--
--
--
--
--
--
12.81
--
-- Sale Of Business
--
-7.76
-50.84
-99.87
-24.46
-27.34
-28.22
-18.73
-5.30
-15.75
-168
-86.81
-852
-1,398
-118
-15.11
-- Purchase Of Investment
--
--
55.71
84.41
17.66
7.03
12.11
19.92
22.71
10.33
13.99
182
299
1,373
653
61.31
47.30
Sale Of Investment
-2.44
-10.11
-19.48
-24.63
-10.50
-4.15
-2.60
-0.60
-0.11
-0.00
3.12
-0.00
-4.25
-0.00
0.60
5.39
-14.58
Cash From Other Investing Activities
-7.86
-88.61
-55.95
-123
-109
-164
-80.47
-23.49
-39.56
-109
-270
8.01
-687
-82.89
468
-58.89
-49.04
Cash Flow from Investing
--
--
--
--
--
--
--
--
--
--
154
--
47.70
--
--
4.94
-- Issuance of Stock
--
--
--
-19.68
-141
--
-29.07
--
--
--
--
-0.88
--
--
--
--
-- Repurchase of Stock
--
--
30.35
8.37
5.58
164
13.62
18.63
14.67
18.50
0.14
--
--
--
4.38
287
299
  Issuance of Debt
--
-12.10
-29.81
-3.74
-2.82
-23.65
-60.00
-44.96
-108
-19.40
-10.84
-3.50
-7.46
-0.24
-0.15
-204
-218
  Payments of Debt
--
-12.10
0.54
4.63
2.75
141
-46.38
-26.33
-93.76
-0.90
-10.70
-3.50
-7.46
-0.24
4.24
82.92
80.76
Net Issuance of Debt
-107
-137
-142
-168
-132
-80.78
-51.00
-45.52
-44.40
-232
-269
-258
-58.30
-507
-810
-286
-- Cash Flow for Dividends
--
--
--
--
--
--
-2.28
-3.51
-9.16
-12.43
-13.78
-25.40
-37.91
-35.92
-30.51
-49.42
-48.39
Cash Flow for Lease Financing
-1.80
--
-8.88
-14.10
-2.64
-0.66
-1.00
-0.00
-0.74
-2.38
-5.24
-0.70
-7.64
-12.48
-16.74
-11.00
-287
Other Financing
-108
-149
-150
-197
-273
59.27
-130
-75.36
-148
-247
-145
-288
-63.62
-555
-853
-258
-254
Cash Flow from Financing
322
522
559
705
489
269
292
232
271
245
450
2.83
0.59
4.59
-1.23
1.78
-30.50
Beginning Cash Position
0.63
-0.08
-0.13
-1.27
0.27
1.42
6.26
-3.19
0.62
2.75
-1.63
336
303
281
453
258
258
  Effect of Exchange Rate Changes
177
38.25
192
-90.79
-213
55.93
-66.78
41.69
-8.80
189
-110
303
306
446
268
256
326
Net Change in Cash
499
560
751
614
276
325
225
274
262
435
339
306
307
450
267
258
296
Ending Cash Position
-4.38
-54.31
-26.00
-66.49
-92.17
-58.25
-49.67
-21.87
-56.58
-62.04
-92.30
-51.29
-66.23
-57.95
-65.07
-76.82
-81.76
Capital Expenditure
288
222
372
163
77.38
101
87.49
122
122
481
214
197
687
744
135
238
290
Free Cash Flow
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Financial Satement

Balance Sheet

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
499
560
751
614
276
325
225
274
262
435
339
306
307
450
267
258
296
  Cash And Cash Equivalents
--
7.92
4.33
17.92
7.19
23.85
45.09
53.58
30.15
22.32
12.81
101
653
622
91.34
41.66
25.97
  Marketable Securities
499
568
755
632
284
349
270
327
292
457
352
407
959
1,072
358
299
322
Cash, Cash Equivalents, Marketable Securities
159
111
37.12
32.33
47.78
24.71
115
170
394
174
177
111
216
225
245
314
265
  Accounts Receivable
--
--
93.32
128
70.21
91.06
--
--
--
--
--
--
--
--
8.47
9.25
7.28
  Other Current Receivables
159
111
130
161
118
116
115
170
394
174
177
111
216
225
253
323
272
Total Receivables
16.60
18.64
75.87
82.90
--
86.93
92.54
86.69
91.28
114
106
65.67
92.25
254
363
313
270
  Inventories, Raw Materials & Components
-2.74
-4.79
-4.60
-3.36
--
-4.02
-4.03
-4.87
-6.17
-7.30
-7.59
-8.85
-7.99
-7.99
-8.65
-9.16
-8.92
  Inventories, Inventories Adjustments
29.53
33.13
--
--
--
0.20
0.62
0.34
0.18
0.60
0.08
0.01
0.02
0.06
0.33
0.20
0.26
  Inventories, Finished Goods
0.00
-0.00
-0.00
-0.00
74.55
--
0.00
--
--
--
0.00
--
-0.00
-0.00
-0.00
--
--   Inventories, Other
43.39
46.98
71.27
79.55
74.55
83.11
89.13
82.15
85.29
107
98.69
56.83
84.28
246
354
304
262
Total Inventories
16.82
11.04
22.61
22.58
59.46
48.93
74.48
42.40
48.25
50.33
205
14.64
10.96
21.93
10.57
24.00
10.21
Other Current Assets
718
737
979
895
536
597
549
622
820
788
833
590
1,271
1,565
976
950
865
Total Current Assets
8.48
8.95
11.12
11.47
11.29
44.16
40.90
44.18
43.88
42.14
62.02
62.71
65.81
61.37
64.08
64.93
63.50
  Land And Improvements
29.46
36.53
40.86
43.48
36.99
53.28
95.70
113
122
113
141
150
186
173
179
213
208
  Buildings And Improvements
106
114
118
136
149
224
292
276
431
418
477
504
564
583
656
671
656
  Machinery, Furniture, Equipment
12.80
61.22
80.95
122
133
112
102
126
12.92
50.98
53.76
73.27
63.69
35.60
63.21
58.04
109
  Construction In Progress
2.14
1.99
22.00
20.67
0.00
16.01
17.12
195
188
234
257
317
336
393
418
439
428
  Other Gross PPE
159
223
273
333
330
450
548
754
798
858
990
1,108
1,216
1,247
1,380
1,447
1,465
Gross Property, Plant and Equipment
-112
-121
-128
-125
-98.52
-124
-141
-194
-247
-277
-335
-420
-485
-524
-617
-685
-693
  Accumulated Depreciation
47.29
102
145
209
242
326
407
560
551
581
655
688
731
723
763
762
773
Property, Plant and Equipment
--
--
--
--
--
--
7.38
7.61
7.53
7.04
7.28
7.20
7.12
6.54
6.58
6.37
6.20
Intangible Assets
--
--
--
--
--
--
7.38
7.61
7.53
7.04
7.28
7.20
7.12
6.54
6.58
6.37
6.20
  Goodwill
89.82
128
148
218
187
273
258
194
244
291
367
412
512
611
753
888
922
Other Long Term Assets
137
230
293
427
429
599
672
762
802
879
1,029
1,107
1,250
1,340
1,522
1,656
1,700
Total Long-Term Assets
855
967
1,272
1,322
965
1,195
1,221
1,385
1,622
1,668
1,862
1,697
2,521
2,905
2,499
2,606
2,566
Total Assets
6.15
8.11
13.52
15.55
39.00
43.88
82.83
40.20
65.40
72.30
72.79
49.21
88.66
124
134
182
196
  Accounts Payable
45.65
21.94
45.67
24.81
17.51
5.22
12.74
9.16
61.24
33.53
22.16
15.29
109
96.69
51.04
50.90
50.34
  Total Tax Payable
--
--
--
--
--
--
1.49
--
--
-0.00
-0.00
--
0.00
-0.00
--
0.00
0.00
  Other Current Payables
51.80
30.05
59.19
40.36
56.51
49.09
97.06
49.37
127
106
94.95
64.49
197
221
185
233
246
Accounts Payable & Accrued Expense
1.43
1.47
2.01
3.63
6.44
104
96.56
107
22.07
5.90
10.87
7.54
0.26
0.14
4.38
87.16
75.90
  Short-Term Debt
--
--
--
--
--
--
1.15
13.34
10.47
19.77
12.12
30.01
29.12
37.75
31.58
30.25
27.97
  Short-Term Capital Lease Obligation
1.43
1.47
2.01
3.63
6.44
104
97.71
121
32.53
25.67
22.99
37.55
29.38
37.89
35.97
117
104
Short-Term Debt & Capital Lease Obligation
92.96
95.77
151
140
121
135
161
206
165
209
217
171
297
427
421
396
378
Other Current Liabilities
146
127
212
184
184
288
356
376
324
341
335
273
523
685
642
747
728
Total Current Liabilities
--
--
--
1.00
--
77.35
45.04
12.47
2.65
16.11
0.72
0.42
0.16
--
--
--
--   Long-Term Debt
--
--
--
--
--
--
3.40
43.50
36.64
15.65
21.31
27.80
43.55
49.35
47.93
22.97
17.93
  Long-Term Capital Lease Obligation
--
--
--
1.00
--
77.35
48.44
55.97
39.29
31.76
22.03
28.22
43.71
49.35
47.93
22.97
17.93
Long-Term Debt & Capital Lease Obligation
0.00
0.00
0.00
0.01
0.01
0.27
0.22
0.23
0.07
0.05
0.04
0.06
0.04
0.05
0.06
0.10
0.09
Debt-to-Equity
--
--
135
230
136
132
135
160
224
134
133
144
188
213
298
311
308
PensionAndRetirementBenefit
96.53
126
22.64
24.15
19.33
11.83
10.14
6.69
16.33
39.16
58.39
57.01
73.36
105
120
113
111
Other Long-Term Liabilities
96.53
126
158
255
156
222
194
222
280
205
213
229
305
368
466
447
437
Total Long-Term Liabilities
243
253
370
439
340
510
550
598
604
545
548
502
828
1,053
1,109
1,194
1,165
Total Liabilities
122
128
127
120
95.22
92.66
83.27
85.86
84.99
79.48
82.21
81.29
80.40
73.78
74.25
71.84
69.96
Common Stock
478
575
315
233
135
142
115
105
237
299
237
126
585
804
341
366
381
Retained Earnings
3.23
3.38
3.37
3.17
2.52
2.45
2.20
2.27
2.25
2.10
20.15
19.92
41.48
38.06
38.30
40.09
39.03
Additional Paid-In Capital
--
--
--
-19.68
-157
-153
-166
-172
-170
-159
-28.70
-29.26
-3.02
-2.77
-2.79
-0.78
-0.76
Treasury Stock
--
0.16
448
539
540
592
629
755
850
883
992
985
975
925
931
926
903
Other Stockholders Equity
604
706
894
874
616
676
663
777
1,004
1,105
1,303
1,183
1,679
1,838
1,382
1,403
1,392
Total Stockholders Equity
8.94
8.26
8.48
8.94
9.44
9.43
8.16
9.77
14.16
17.56
11.74
12.40
13.54
13.51
8.29
8.64
8.73
Minority Interest
612
714
902
883
625
686
671
786
1,018
1,122
1,315
1,195
1,693
1,852
1,390
1,412
1,401
Total Equity
0.71
0.73
0.70
0.66
0.64
0.57
0.54
0.56
0.62
0.66
0.70
0.70
0.67
0.63
0.55
0.54
0.54
Equity-to-Asset
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Valuation Ratios

Valuation Ratios

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
14.57
26.32
12.96
11.89
12.41
14.60
4.81
13.16
5.79
9.01
7.17
13.19
3.86
3.37
4.59
6.19
5.87
PE Ratio
14.57
26.32
12.96
11.89
12.41
14.60
4.81
13.16
5.79
9.01
7.17
13.19
3.86
3.37
4.59
6.19
5.87
PE Ratio without NRI
--
--
--
--
20.20
21.80
6.20
22.00
6.29
11.00
8.80
12.00
4.00
4.00
5.96
7.00
6.83
Price-to-Owner-Earnings
--
--
--
--
17.72
17.58
4.92
5.95
4.63
4.19
3.79
1.13
0.82
0.75
1.49
1.72
1.21
PB Ratio
--
--
--
--
17.72
17.58
5.00
6.03
4.63
4.23
3.79
1.14
0.82
0.75
1.49
1.74
1.25
Price-to-Tangible-Book
14.62
26.44
11.87
21.90
24.19
21.71
8.09
16.12
15.73
6.50
9.68
11.28
3.10
3.65
13.38
8.29
5.91
Price-to-Free-Cash-Flow
14.40
21.24
11.10
15.57
11.04
13.75
5.16
13.67
10.73
5.76
6.76
8.95
2.83
3.38
9.03
6.27
4.62
Price-to-Operating-Cash-Flow
4.44
6.69
3.78
2.97
2.02
2.08
0.71
1.87
1.33
2.14
1.33
1.81
1.04
0.99
0.73
0.74
0.64
PS Ratio
--
--
--
--
--
--
1.25
--
0.58
0.30
0.23
1.12
4.06
0.29
0.22
0.35
0.54
PEG Ratio
3.93
6.05
3.14
2.45
1.69
1.93
0.57
1.74
1.19
1.88
1.18
1.54
0.64
0.64
0.62
0.68
0.57
EV-to-Revenue
9.90
20.82
8.02
7.20
7.57
9.92
2.67
8.10
3.64
5.63
4.49
7.60
1.73
1.64
2.79
4.35
3.95
EV-to-EBITDA
9.90
20.82
8.02
7.26
7.67
10.24
2.81
8.59
3.75
5.76
4.63
8.07
1.78
1.67
2.89
4.55
4.15
EV-to-EBIT
12.92
23.92
9.87
18.05
20.23
20.14
6.55
14.96
14.03
5.71
8.53
9.60
1.89
2.34
11.41
7.66
5.24
EV-to-FCF
10.10
4.80
12.47
13.77
13.04
9.77
35.59
11.64
26.67
17.36
21.60
12.39
56.18
59.88
34.60
21.98
24.10
Earnings Yield (Joel Greenblatt) %
--
--
--
--
--
20.68
19.35
-3.09
15.19
25.51
29.85
21.81
17.29
27.84
40.60
35.81
35.60
Forward Rate of Return (Yacktman) %
--
--
--
--
--
--
--
--
--
14.15
8.36
8.89
7.69
8.29
5.01
5.34
4.65
Shiller PE Ratio
--
--
--
--
--
--
--
--
--
4.58
2.44
2.41
2.15
2.54
1.54
1.62
1.39
Cyclically Adjusted PB Ratio
--
--
--
--
--
--
--
--
--
2.89
1.69
1.73
1.52
1.75
1.04
1.06
0.90
Cyclically Adjusted PS Ratio
--
--
--
--
--
--
--
--
--
17.69
10.50
10.87
8.82
9.08
5.76
6.14
5.32
Cyclically Adjusted Price-to-FCF
--
--
--
--
--
--
8.04
--
--
--
--
--
--
--
--
--
-- Dividend Yield %
--
--
--
--
0.70
0.85
2.68
2.63
2.62
10.37
4.35
14.65
49.85
54.00
6.57
9.84
16.91
FCF Yield %

Valuation and Quality

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
--
--
--
--
10,979
11,849
3,268
4,638
4,638
4,638
4,924
1,342
1,378
1,378
2,054
2,418
1,669
Market Cap
--
--
--
--
10,712
11,691
3,152
4,497
4,431
4,256
4,628
1,013
506
407
1,788
2,268
1,539
Enterprise Value
--
--
--
--
1.01
1.09
0.31
0.44
0.44
0.44
0.44
0.12
0.12
0.12
0.18
0.21
0.19
Month End Stock Price
0.02
0.03
0.03
0.02
-0.01
-0.02
-0.03
-0.03
-0.03
-0.01
-0.02
-0.01
0.01
--
-0.07
-0.08
-0.07
Net Cash per Share
0.04
0.04
0.05
0.04
0.02
0.01
--
--
0.02
0.02
0.02
0.01
0.04
0.04
-0.01
-0.02
-0.03
Net Current Asset Value
0.03
0.04
0.04
0.02
--
-0.01
-0.01
-0.01
--
0.01
--
--
0.03
0.03
-0.03
-0.04
-0.05
Net-Net Working Capital
--
10.00M
10.00M
10.00M
7.00M
0.77
0.67
0.39
0.52
0.45
0.77
0.19
0.29
0.31
0.67
0.65
0.64
Intrinsic Value: Projected FCF
--
--
--
--
--
--
--
--
--
--
0.67
0.13
0.20
0.19
0.36
0.37
0.38
Median PS Value
278.16M
196.01M
303.55M
63.10M
--
--
--
--
0.76
1.22
1.51
0.11
--
0.42
0.83
0.59
0.45
Peter Lynch Fair Value
0.17
0.16
0.23
0.21
0.13
0.14
0.14
0.15
0.26
0.28
0.26
0.19
0.40
0.50
0.30
0.28
0.26
Graham Number
72.76M
83.55M
111.79M
132.35M
0.52
0.72
0.69
0.32
0.38
0.31
0.49
0.13
0.20
0.19
0.36
0.39
0.39
Earnings Power Value (EPV)
11.99
16.38
10.34
7.70
5.53
4.48
2.44
3.55
4.28
5.83
4.36
4.15
4.02
4.43
3.03
2.81
2.62
Altman Z-Score
N/A
N/A
8.00
4.00
4.00
6.00
5.00
5.00
8.00
5.00
5.00
4.00
7.00
5.00
4.00
4.00
5.00
Piotroski F-Score
--
--
-1.81
-1.58
-2.46
-2.64
-2.40
-2.21
-1.05
-3.39
-2.37
-2.79
-2.44
-2.21
-1.43
-2.07
-2.58
Beneish M-Score
0.21
0.17
0.15
0.20
0.26
0.54
0.46
0.52
0.58
0.45
0.60
0.46
0.48
0.34
0.38
0.50
0.46
Scaled Net Operating Assets
0.54
3.53
-0.09
14.68
9.41
12.92
7.41
2.12
11.81
-5.24
13.58
-5.16
19.25
2.94
-10.98
2.39
-1.10
Sloan Ratio %
4.91
5.79
4.62
4.87
2.91
2.07
1.54
1.66
2.53
2.32
2.49
2.16
2.43
2.28
1.52
1.27
1.19
Current Ratio
4.62
5.42
4.28
4.43
2.50
1.78
1.29
1.44
2.27
2.00
2.19
1.95
2.27
1.92
0.97
0.87
0.83
Quick Ratio
3.41
4.46
3.56
3.44
1.54
1.21
0.76
0.87
0.90
1.34
1.05
1.49
1.83
1.56
0.56
0.40
0.44
Cash Ratio
No Debt
No Debt
1,152
985
346
42.08
15.35
16.76
56.62
60.11
66.37
28.85
88.60
104
58.05
29.98
25.41
Interest Coverage
--
--
--
--
1.59
1.09
1.09
0.44
0.44
0.44
0.44
0.44
0.12
0.12
0.18
0.21
0.21
Highest Stock Price
--
--
--
--
1.01
0.70
0.31
0.31
0.44
0.44
0.44
0.12
0.12
0.12
0.12
0.17
0.19
Lowest Stock Price
--
--
--
0.57
5.10
--
3.04
--
--
--
-6.17
0.06
-2.71
--
--
-0.24
-0.24
Shares Buyback Ratio %
--
--
--
--
1.29
--
0.89
--
--
--
-3.12
0.07
-3.46
--
--
-0.20
-- Buyback Yield %
46.43
-7.32
34.21
2.94
-20.95
16.87
-4.12
6.45
37.37
2.21
2.16
-23.24
66.06
31.49
-9.24
7.41
9.81
YoY Rev. per Sh. Growth
92.31
-24.00
57.89
-13.33
-46.15
--
--
--
121
6.45
-21.21
-42.31
227
42.86
-51.43
-17.65
-18.75
YoY EPS Growth
73.68
-33.33
81.82
-10.00
-47.22
--
5.26
5.00
110
4.55
-19.57
-40.54
200
40.91
-48.39
-25.00
-26.67
YoY EBITDA Growth
--
--
--
--
--
--
3.84
-8.40
9.95
29.80
31.43
11.74
0.95
11.77
21.34
17.46
10.80
5-Year EBITDA Growth Rate
11,521
11,521
11,521
11,490
11,102
10,871
10,818
10,540
10,540
10,540
10,923
11,186
11,268
11,487
11,487
11,507
11,514
Shares Outstanding (Basic Average)
11,521
11,521
11,521
11,455
10,871
10,871
10,540
10,540
10,540
10,540
11,190
11,184
11,487
11,487
11,487
11,514
11,514
Shares Outstanding (EOP)
--
--
--
--
--
--
--
1.79
1.28
0.71
--
-0.42
-0.40
-0.59
0.35
0.48
0.96
Beta
04/11/11
04/11/11
03/07/12
02/28/13
04/01/14
03/06/15
05/13/16
04/08/17
03/22/18
04/04/19
05/12/20
03/08/21
04/26/22
02/28/23
04/16/24
04/30/25
  Filing Date
04/11/11
03/07/12
02/28/13
04/01/14
03/06/15
05/13/16
04/08/17
03/22/18
04/04/19
05/12/20
03/08/21
04/26/22
02/28/23
04/16/24
04/30/25
04/30/25
  Restated Filing Date
3,172
3,113
3,063
2,953
3,115
2,903
2,663
2,586
2,418
2,046
2,199
2,057
1,827
1,599
1,561
1,683
1,675
Number of Employees
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Business & Geographic Segmentation

Business Segments

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
--
--
--
--
--
--
--
--
--
--
1,526
1,205
2,015
2,696
2,447
2,625
1,332
Coal
--
--
--
--
--
--
--
--
--
--
154
129
150
219
245
279
151
Others
--
--
--
--
--
--
--
--
--
--
-125
-111
-123
-184
-212
-237
-123
Elimination

Geographic Segments

Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dec24
TTM Fiscal Period
--
--
--
--
--
--
--
613
897
805
920
676
873
1,054
1,130
1,170
-- Indonesia
--
--
--
--
--
--
--
46.17
139
152
144
142
66.67
539
399
465
-- India
--
--
--
--
--
--
--
--
4.50
2.40
32.39
21.54
29.42
8.99
76.40
218
-- Vietnam
--
--
--
--
--
--
--
3.62
0.39
120
81.22
31.04
35.58
242
279
198
-- Korea
--
--
--
--
--
--
--
--
16.04
--
--
--
--
--
71.03
118
-- Bangladesh
--
--
--
--
--
--
--
22.78
8.68
44.29
--
30.37
33.17
141
49.31
111
-- Thailand
--
--
--
--
--
--
--
33.16
155
169
23.09
74.49
646
222
196
103
-- China
--
--
--
--
--
--
--
88.31
3.89
52.46
63.81
83.53
91.66
54.41
46.44
73.41
-- Taiwan
--
--
--
--
--
--
--
30.04
34.55
29.46
--
--
--
66.44
91.27
70.58
-- Cambodia
--
--
--
--
--
--
--
13.96
13.63
29.52
25.38
28.83
38.02
35.00
25.18
65.61
-- Malaysia
--
--
--
--
--
--
--
--
38.34
5.24
61.91
25.43
96.48
28.53
48.80
40.26
-- Philippines
--
--
--
--
--
--
--
71.79
3.12
7.48
73.24
22.23
73.46
159
61.71
31.40
-- Japan
--
--
--
--
--
--
--
--
--
--
49.30
34.46
49.61
13.51
5.61
1.97
-- Others
--
--
--
--
--
--
--
--
--
--
--
--
--
167
--
--
-- Italy
--
--
--
--
--
--
--
--
109
39.55
80.50
52.39
9.84
--
--
--
-- Hong Kong
--
--
--
--
--
--
--
--
13.15
3.11
--
--
--
--
--
--
-- Pakistan
--
--
--
--
--
--
--
125
--
--
--
--
--
--
--
--
-- Singapore
--
--
--
--
--
--
--
0.32
--
--
--
--
--
--
--
--
-- Canada
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Jul 04, 2025
PT Bukit Asam Tbk (OTCPK:PBATF)
www.gurufocus.com/stock/OTCPK:PBATF/summary

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

  1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
  2. Debt to revenue ratio. The lower, the better.
  3. Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

  1. Operating Margin %.
  2. Piotroski F-Score.
  3. Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
  4. Consistency of the profitability.
  5. Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

  1. Possible Value Trap, Think Twice
  2. Significantly Overvalued
  3. Modestly Overvalued
  4. Fairly Valued
  5. Modestly Undervalued
  6. Significantly Undervalued
There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.