Abm Investama Tbk (ABMM) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Abm Investama Tbk stock IDR 4,539, price IDR 2,510, upside +80.8%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 20 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range 533.15 IDR – 4,416 IDR · fair‑value band 3,404 IDR – 5,674 IDR · the 2,510 IDR price screens below the 4,539 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 1, 2026.
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PT ABM Investama Tbk, together with its subsidiaries, engages in the coal mining business in Indonesia. The company operates through four segments: Mining Contractors and Coal Mining, Services, Manufacturing, and Other.
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It offers mining contractor and coal mining and trading services, as well as electricity solution, integrated logistics, engineering, and development services.
The company also designs and manufactures mining heavy equipment support and material transportation equipment, as well as offers fuel and lubricant products.
In addition, it provides logistics, domestic sea transportation, stevedoring and seaport, and ship operational services, as well as renewable energy IPP and general trading services. The company was formerly known as PT Adiratna Bani Makmur and changed its name to PT ABM Investama Tbk in August 2009.
The company was founded in 2006 and is headquartered in Jakarta, Indonesia. PT ABM Investama Tbk is a subsidiary of PT Tiara Marga Trakindo.
Stock analysis
Abm Investama Tbk (ABMM) currently trades at 2,510 IDR, while our model-based Fair Value estimate is 4,539 IDR, implying the stock looks roughly 45% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 7,188 IDR per share, and 17 of the 20 models we run sit above the 2,510 IDR price.
Bear case: the Dividend Discount group reads lowest at 1,402 IDR, and 3 of the 20 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3,404 IDR (bear) to 5,674 IDR (bull), the price of 2,510 IDR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Abm Investama Tbk reported revenue of $1.0B in FY2025 versus $1.0B in FY2021, a compound +0.1%/yr. Reported net income was $69.7M in FY2025, compounding −17.1%/yr from FY2021.
Key figures
Market cap 6.9T IDR (≈ $383M) Small · P/E ratio 5.0 · P/S ratio 0.34 · EPS (TTM) 503.84 IDR · Net margin 6.8% · Return on equity 9.5% · Return on assets (EBIT) 13.8% · Operating margin 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −25% fair-value upside, at 81%, ABMM screens cheaper than that median.
Fair Value models
Bear3,404 IDRFair Value 4,539 IDRBull5,674 IDR
Price 2,510 IDR · Upside +80.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (427.92 IDR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF7,462 IDR10,338 IDR13,541 IDR79
Growth DCF7,555 IDR10,145 IDR12,909 IDR77
Residual Income4,240 IDR4,343 IDR4,642 IDR74
All 20 models by family
DCF Models
FCF DCF7,462 IDR10,338 IDR13,541 IDR79
5Y Revenue Exit3,135 IDR4,479 IDR5,970 IDR71
5Y EBITDA Exit4,665 IDR7,188 IDR9,892 IDR73
5Y P/E Exit4,112 IDR6,209 IDR8,217 IDR69
10Y Revenue Exit5,089 IDR6,546 IDR8,111 IDR66
10Y EBITDA Exit5,921 IDR8,043 IDR10,442 IDR67
10Y P/E Exit5,638 IDR7,502 IDR9,447 IDR63
Earnings-Based
Graham-Dodd3,109 IDR7,216 IDR9,271 IDR63
PEG = 1.01,223 IDR1,747 IDR2,271 IDR55
Dividend Discount
Gordon GGM1,058 IDR1,509 IDR1,889 IDR67
DDM Multi-Stage1,058 IDR1,402 IDR1,699 IDR65
Multiples
P/E Multiple4,801 IDR6,402 IDR8,002 IDR63
P/S Multiple5,830 IDR7,773 IDR9,717 IDR58
P/B Multiple6,054 IDR8,072 IDR10,090 IDR55
EV/EBITDA981.84 IDR2,985 IDR4,989 IDR62
Asset-Based
NCAV (Graham)2,829 IDR3,790 IDR5,657 IDR54
Growth DCF
Growth DCF7,555 IDR10,145 IDR12,909 IDR77
Rev-Margin DCF3,135 IDR4,732 IDR6,544 IDR70
Economic Profit
Residual Income4,240 IDR4,343 IDR4,642 IDR74
Growth Earnings
Growth-Adj P/E3,743 IDR5,348 IDR6,952 IDR65
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−14.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
Start year 2020 (pandemic). Over 10 years: +4.6% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−37.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−1.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.7% vs 18.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −4.6% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Thermal Coal · 81 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside+80.8% · Top 25%
Profitability
Return on equity (12 months)9.5% · Above median
Return on assets3.4% · Above median
Net margin (12 months)7.9% · Above median
Operating margin (12 months)2.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)10.4% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.77× · Highest 25%
Valuation Multiplesvs Thermal Coal median · lower = cheaper
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Is Abm Investama Tbk (ABMM) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 4,539 IDR versus a price of 2,510 IDR, about +81% upside (undervalued).
What is the fair value of ABMM?
Our model-based fair value for Abm Investama Tbk is 4,539 IDR (as of Nov 1, 2026), built from audited fundamentals. The current price: 2,510 IDR.
What is the quality score of ABMM?
Abm Investama Tbk has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Abm Investama Tbk (ABMM)?
Our model-based price target is the fair value of 4,539 IDR (as of Nov 1, 2026) from 20 valuation models. Cautious scenario 3,404 IDR, optimistic scenario 5,674 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Abm Investama Tbk stock forecast for 2026?
Our models put fair value at 4,539 IDR, about +81% upside versus a price of 2,510 IDR (undervalued). Cautious scenario 3,404 IDR, optimistic scenario 5,674 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Abm Investama Tbk (ABMM)?
Abm Investama Tbk reported trailing-twelve-month revenue of about $1.0B (latest available figure, as of Nov 1, 2026).
What growth is priced into Abm Investama Tbk (ABMM)?
For today's price to be fair in a discounted-cash-flow model, Abm Investama Tbk would have to grow free cash flow by -2.3 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.1 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of ABMM use?
Our models discount Abm Investama Tbk at 13.5 %: a base by market capitalisation (small), country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Abm Investama Tbk that is -2.3 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Abm Investama Tbk (ABMM) delivered so far?
Over the past 5 years revenue at Abm Investama Tbk grew +11.1 % a year. The price currently implies -2.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Abm Investama Tbk (ABMM) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Abm Investama Tbk (-2.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Abm Investama Tbk (ABMM)?
The free-cash-flow yield on the price is 39.85 %: that much free cash flow Abm Investama Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Abm Investama Tbk (ABMM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Abm Investama Tbk it is 4,539 IDR per share (as of Nov 1, 2026), against a price of 2,510 IDR. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Abm Investama Tbk stock overvalued or undervalued in 2026?
As of Nov 1, 2026, ABMM trades below its calculated fair value: price 2,510 IDR, fair value 4,539 IDR, a gap of about +81% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ABMM?
No. The price is what the market pays today (2,510 IDR); the fair value is what the company's own numbers justify (4,539 IDR). For Abm Investama Tbk the two are 2,029 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Abm Investama Tbk worth?
The market values Abm Investama Tbk at about 6.9T IDR (market capitalisation, as of Nov 1, 2026). Per share that is 2,510 IDR; our models calculate a fair value of 4,539 IDR per share.
What do the bullish and bearish scenarios say about ABMM?
Our models span a range for Abm Investama Tbk: cautious scenario 3,404 IDR, base 4,539 IDR, optimistic 5,674 IDR per share (as of Nov 1, 2026, price 2,510 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ABMM?
Abm Investama Tbk trades at a price-to-earnings ratio of 5.0 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4,539 IDR is built from several models across several years. Other multiples: P/B 0.4, P/S 0.4, EV/EBITDA 4.9.
How solid is the balance sheet of Abm Investama Tbk (ABMM)?
Balance-sheet figures for Abm Investama Tbk (as of Nov 1, 2026): return on equity 9.5%, debt of 0.77 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is ABMM from its 52-week high?
Abm Investama Tbk trades at 2,510 IDR, about 17% below its 52-week high of 3,035 IDR and 16% above the low of 2,170 IDR (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 4,539 IDR is for.
Which stocks are comparable to Abm Investama Tbk?
From the same area (Energy) we also value China Shenhua Energy Company, Shaanxi Coal Industry Company, Adani Enterprises Limited, China Coal Energy Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Abm Investama Tbk stock attractive at the current price?
The data as of Nov 1, 2026: price 2,510 IDR, calculated fair value 4,539 IDR (+81%), Quality Score 49/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ABMM calculated?
We run Abm Investama Tbk through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 4,539 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Abm Investama Tbk currently trades 45% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Abm Investama Tbk (ABMM)?
The closing price on Nov 5, 2026 was 2,510 IDR. Our model-based fair value is 4,539 IDR, about +81% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Abm Investama Tbk right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (3,404 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Abm Investama Tbk
How large is the market capitalisation of Abm Investama Tbk (ABMM)?
The market capitalisation of Abm Investama Tbk is 6.9T IDR (≈ $383M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Abm Investama Tbk (ABMM)?
The price-to-sales ratio of Abm Investama Tbk is 0.34 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Abm Investama Tbk (ABMM)?
Earnings per share at Abm Investama Tbk are 503.84 IDR (price ÷ EPS = P/E 5.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Abm Investama Tbk (ABMM)?
The net margin of Abm Investama Tbk is 6.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Abm Investama Tbk (ABMM)?
The return on equity (ROE) of Abm Investama Tbk is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Abm Investama Tbk (ABMM)?
On an EBIT basis the return on assets of Abm Investama Tbk is 13.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Abm Investama Tbk (ABMM)?
The operating margin of Abm Investama Tbk is 2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Abm Investama Tbk (ABMM)?
Revenue at Abm Investama Tbk is growing +10.4% versus a year earlier (3y avg −10.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Abm Investama Tbk (ABMM)?
Earnings per share at Abm Investama Tbk are growing +297% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Abm Investama Tbk (ABMM) carry?
The net debt of Abm Investama Tbk is $767M (fiscal year 2025, ≈ 5.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 1, 2026