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PT Alamtri Minerals Indonesia Tbk, (ADMR) Fair Value & Analysis

Basic Materials · ID · Market cap 61.3T IDR

PA PT Alamtri Minerals Indonesia Tbk, ADMR · JK
Price1,620 IDR
Fair Value1,267 IDR
Upside-21.8%
Quality41/100
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Expensive Growth
Highly profitable · 28.2% net margin
Low debt · negative free cash flow
Ranks above peers (8/13)
Wide moat 76/100
Evidence: Medium Range 904.70 IDR – 3,981 IDR Share as image

Fair value as of: Jul 15, 2026

From 14 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 1,269 IDR to 1,267 IDR (−0.2%) since Jul 14, 2026. Share price +17.0% over the past month.

Below-average quality, and screening another 22% overvalued on our models.

What matters now

  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (904.70 IDR to 3,981 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

2,773 IDR 125.22 IDR Fair Value 1,267 IDR Jan 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

55‑month range 125.22 IDR – 2,773 IDR · fair‑value band 904.70 IDR – 3,981 IDR · the 1,620 IDR price screens above the 1,267 IDR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Alamtri Minerals Indonesia Tbk, (ADMR) currently trades at 1,620 IDR, while our model-based Fair Value estimate is 1,267 IDR, implying the stock looks roughly 21.8% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, PT Alamtri Minerals Indonesia Tbk, generated revenue of 1.0B IDR at a net margin of 28.2%. Revenue grew 33.8% year over year. It earns a return on equity of 16.9%. Net debt stands at 346M IDR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 904.70 IDR (bear case) to 3,981 IDR (bull case); at 1,620 IDR, the current price sits within 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 28% below its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -56% fair-value upside, at -22%, ADMR 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
Residual Income 904.70 IDR 1,086 IDR 3,981 IDR 76
ROIC Compounder 1,086 IDR 1,628 IDR 2,171 IDR 72
Growth-Adj P/E 2,352 IDR 3,438 IDR 4,524 IDR 68
All 14 models by family
Earnings-Based
Graham-Dodd 723.76 IDR 5,609 IDR 7,961 IDR 54
Lynch FV 2,171 IDR 3,076 IDR 3,981 IDR 50
PEG = 1.0 2,171 IDR 3,076 IDR 3,981 IDR 46
EPV 904.70 IDR 1,086 IDR 1,267 IDR 59
Multiples
P/E Multiple 1,267 IDR 1,628 IDR 1,990 IDR 63
P/S Multiple 361.88 IDR 542.82 IDR 723.76 IDR 58
P/B Multiple 904.70 IDR 1,267 IDR 1,628 IDR 55
EV/EBIT 904.70 IDR 1,267 IDR 1,628 IDR 53
EV/EBITDA 542.82 IDR 723.76 IDR 1,086 IDR 54
EV/Revenue 180.94 IDR 361.88 IDR 542.82 IDR 43
Asset-Based
NCAV (Graham) 361.88 IDR 542.82 IDR 723.76 IDR 50
Economic Profit
Residual Income 904.70 IDR 1,086 IDR 3,981 IDR 76
ROIC Compounder 1,086 IDR 1,628 IDR 2,171 IDR 72
Growth Earnings
Growth-Adj P/E 2,352 IDR 3,438 IDR 4,524 IDR 68

Widest divergence: Growth Earnings (3,438 IDR) versus Asset-Based (542.82 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.0B IDR
Revenue growth (YoY) +33.8%
Net margin 28.2%
Return on equity 16.9%
Free cash flow −476M IDR FY2025
P/E ratio 11.3
More key figures
Operating margin 41.4%
EPS (TTM) 127.89 IDR
EPS growth (YoY) +34.1%
Net debt 346M IDR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 51

Profitability 53
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 71
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 Alamtri Minerals Indonesia Tbk, together with its subsidiaries, engages in metallurgical coal mining business in Indonesia. It operates through Mining, Metal Processing, and Other Services segments. The company holds interest in five CCOWs mining concessions located in East Kalimantan and Central Kalimantan.

Full company description

PT Alamtri Minerals Indonesia Tbk, together with its subsidiaries, engages in metallurgical coal mining business in Indonesia. It operates through Mining, Metal Processing, and Other Services segments. The company holds interest in five CCOWs mining concessions located in East Kalimantan and Central Kalimantan. It also provides management consulting services. The company was formerly known as PT Adaro Minerals Indonesia Tbk. The company was founded in 2007 and is headquartered in Jakarta Selatan, Indonesia. PT Alamtri Minerals Indonesia Tbk (IDX:ADMR) is a subsidiary of PT Alamtri Resources Indonesia Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Alamtri Minerals Indonesia Tbk, reported revenue of 961M IDR in FY2025 versus 460M IDR in FY2021, a compound +20.2%/yr. Reported net income was 268M IDR in FY2025, compounding +14.6%/yr from FY2021.

Growth Quality 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
961M IDR
Latest YoY
−16.7%
Avg. growth/yr (3Y)
+1.9%
Avg. growth/yr (5Y)
+50.8%
Avg. growth/yr (7Y)
+34.2%
Revenue +20.2%/yr
FY21 460M IDR
FY22 908M IDR
FY23 1.1B IDR
FY24 1.2B IDR
FY25 961M IDR
Net income +14.6%/yr
FY21 155M IDR
FY22 332M IDR
FY23 441M IDR
FY24 437M IDR
FY25 268M IDR

ADMR screens 22% overvalued. Compare with Warrior Met Coal, Inc →

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Cite: Fair Value Calculator (2026). "PT Alamtri Minerals Indonesia Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/ADMR

Peer Group

Coking Coal · 28 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 41 · Above median
Fair Value upside −22% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 41% · Top 25%
Revenue growth 34% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.44× · Higher than 75% of peers

Valuation Multiples vs Coking Coal median · lower = cheaper

P/E (TTM) 11.7× · Cheaper than median
P/B 3.93× · Pricier than 75% of peers
P/S (TTM) 5.89× · Pricier than 75% of peers
EV/EBITDA 15.4× · Pricier 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 4 · sector 3
FUTURE 100 · sector 18
PAST 68 · sector 0
HEALTH 78 · sector 97
DIVIDEND 0 · sector 11

Insider activity: 40/100

Values & ESG

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

Coal

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

Similar stocks

10 more Coking Coal stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Warrior Met Coal, Inc HCC $78.91 $18.35 -77%
Shanxi Meijin Energy Co 000723 ¥3.34 ¥1.24 -63%
Alpha Metallurgical Resources, Inc AMR $143.80 $45.29 -69%
Shougang Fushan Resources Group 0639 HK$2.39 HK$2.34 -2%
Shanxi Coking Co 600740 ¥3.54 ¥1.75 -51%
Kailuan Energy Chemical Co 600997 ¥5.41 ¥1.72 -68%
Ramaco Resources, Inc METC $12.80 $1.74 -86%
Baotailong New Materials Co 601011 ¥2.63 ¥1.91 -27%
SunCoke Energy, Inc SXC $8.37 $3.67 -56%
Shandong Jinling Mining Co 000655 ¥6.50 ¥6.54 +1%

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Frequently asked questions

Is PT Alamtri Minerals Indonesia Tbk, (ADMR) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1,267 IDR versus a price of 1,620 IDR, about −22% (overvalued).
What is the fair value of ADMR?
Our model-based fair value for PT Alamtri Minerals Indonesia Tbk, is 1,267 IDR (as of Jul 15, 2026), built from audited fundamentals. The current price is 1,620 IDR.
What is the quality score of ADMR?
PT Alamtri Minerals Indonesia Tbk, has a Quality Score of 41/100. 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 revenue of PT Alamtri Minerals Indonesia Tbk, (ADMR)?
PT Alamtri Minerals Indonesia Tbk, reported trailing-twelve-month revenue of about 1.0B IDR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of ADMR?
The net profit margin of PT Alamtri Minerals Indonesia Tbk, is about 28.2%, meaning it keeps roughly 28.2% 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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