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PT ABM Investama Tbk, (ABMM) Fair Value & Analysis

Energy · ID · Market cap 6.3T IDR

PA PT ABM Investama Tbk, ABMM · JK
Price2,640 IDR
Fair Value3,537 IDR
Upside+34.0%
Quality49/100
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Mixed Growth
Thin margins · 6.3% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 33/100
Evidence: High Range 3,158 IDR – 4,926 IDR Share as image

Fair value as of: Aug 7, 2026

From 22 valuation models · updated today

Fair value updated Aug 7, 2026, revised from 0.3500 IDR to 3,537 IDR (+1,010,438.8%) since Jul 12, 2026. Share price +15.3% over the past month.

Below-average quality, screening 34% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (3,158 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

4,416 IDR 498.75 IDR Fair Value 3,537 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range 498.75 IDR – 4,416 IDR · fair‑value band 3,158 IDR – 4,926 IDR · the 2,640 IDR price screens below the 3,537 IDR fair value. Dashed = 300-day average. As of Aug 7, 2026.

Full chart & analysis →

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Analysis

PT ABM Investama Tbk, (ABMM) currently trades at 2,640 IDR, while our model-based Fair Value estimate is 3,537 IDR, implying the stock looks roughly 34.0% undervalued today. We read business quality at 49/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT ABM Investama Tbk, generated revenue of 1.0B IDR at a net margin of 6.3%. Revenue declined 10.9% year over year. It earns a return on equity of 7.3%. Net debt stands at 767M IDR. Fundamentals as of Aug 7, 2026

Our scenario range runs from 3,158 IDR (bear case) to 4,926 IDR (bull case); at 2,640 IDR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 34%, ABMM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 5,127 IDR 7,869 IDR 12,877 IDR 80
Residual Income 3,219 IDR 3,458 IDR 4,292 IDR 76
Rev-Margin DCF 1,431 IDR 2,385 IDR 3,815 IDR 74
All 22 models by family
DCF Models
FCF DCF 4,769 IDR 7,631 IDR 13,116 IDR 38
Owner Earnings 2,504 IDR 4,412 IDR 8,227 IDR 31
5Y Revenue Exit 1,431 IDR 2,265 IDR 3,577 IDR 39
5Y EBITDA Exit 5,127 IDR 8,704 IDR 13,354 IDR 41
5Y P/E Exit 2,862 IDR 4,889 IDR 7,273 IDR 38
10Y Revenue Exit 2,623 IDR 3,339 IDR 4,054 IDR 36
10Y EBITDA Exit 4,889 IDR 7,392 IDR 10,016 IDR 37
10Y P/E Exit 3,577 IDR 5,008 IDR 6,319 IDR 35
Earnings-Based
Graham-Dodd 2,027 IDR 2,504 IDR 2,862 IDR 54
EPV 119.23 IDR 59
Multiples
P/E Multiple 4,531 IDR 6,081 IDR 7,512 IDR 63
P/S Multiple 3,815 IDR 5,127 IDR 6,439 IDR 58
P/B Multiple 3,815 IDR 5,127 IDR 6,439 IDR 55
EV/EBIT 357.70 IDR 1,192 IDR 2,027 IDR 53
EV/EBITDA 6,558 IDR 9,419 IDR 12,281 IDR 54
EV/Revenue 357.70 IDR 1,073 IDR 43
Asset-Based
NCAV (Graham) 1,908 IDR 2,504 IDR 3,815 IDR 50
Growth DCF
Growth DCF 5,127 IDR 7,869 IDR 12,877 IDR 80
Rev-Margin DCF 1,431 IDR 2,385 IDR 3,815 IDR 74
Economic Profit
Residual Income 3,219 IDR 3,458 IDR 4,292 IDR 76
ROIC Compounder 119.23 IDR 72
Growth Earnings
Growth-Adj P/E 3,219 IDR 4,531 IDR 5,962 IDR 68

Widest divergence: Multiples (5,127 IDR) versus Growth DCF (2,385 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.0B IDR
Revenue growth (YoY) -10.9%
Net margin 6.3%
Return on equity 7.3%
Free cash flow 153M IDR FY2025
P/E ratio 5.5
More key figures
Operating margin 2.2%
EPS (TTM) 416.07 IDR
EPS growth (YoY) -32.7%
Net debt 767M IDR FY2025

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 48

Profitability 30
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT ABM Investama Tbk, reported revenue of 1.0B IDR in FY2025 versus 1.0B IDR in FY2021, a compound +0.1%/yr. Reported net income was 69.7M IDR in FY2025, compounding −17.1%/yr from FY2021.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0B IDR
Latest YoY
−14.6%
Avg. growth/yr (3Y)
−10.8%
Avg. growth/yr (5Y)
+11.1%
Avg. growth/yr (17Y)
−37.7%
Revenue +0.1%/yr
FY21 1.0B IDR
FY22 1.4B IDR
FY23 1.5B IDR
FY24 1.2B IDR
FY25 1.0B IDR
Net income −17.1%/yr
FY21 148M IDR
FY22 270M IDR
FY23 289M IDR
FY24 139M IDR
FY25 69.7M IDR

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Cite: Fair Value Calculator (2026). "PT ABM Investama Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/ABMM

Peer Group

Thermal Coal · 102 stocks

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.

Quality Score 49 · Above median
Fair Value upside +90% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 2% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth -11% · Below median
Dividend yield (TTM) 0.0% · Below median
Debt / equity 0.77× · Higher than 75% of peers

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 5.5× · Cheaper than 75% of peers
P/B 0.72× · Cheaper than 75% of peers
P/S (TTM) 0.63× · Cheaper than median
P/FCF 4.1× · Pricier than median
EV/EBITDA 6.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 79 · sector 22
FUTURE 0 · sector 0
PAST 29 · sector 21
HEALTH 62 · sector 92
DIVIDEND 0 · sector 27

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Coal Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

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Frequently asked questions

Is PT ABM Investama Tbk, (ABMM) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of 3,537 IDR versus a price of 2,640 IDR, about +34% (undervalued).
What is the fair value of ABMM?
Our model-based fair value for PT ABM Investama Tbk, is 3,537 IDR (as of Aug 7, 2026), built from audited fundamentals. The current price is 2,640 IDR.
What is the quality score of ABMM?
PT ABM Investama Tbk, has a Quality Score of 49/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of PT ABM Investama Tbk, (ABMM)?
PT ABM Investama Tbk, reported trailing-twelve-month revenue of about 1.0B IDR (latest available figure, as of Aug 7, 2026).
What is the net profit margin of ABMM?
The net profit margin of PT ABM Investama Tbk, is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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