Adaro Minerals Indonesia Tbk PT (ADMR) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Adaro Minerals Indonesia Tbk PT stock IDR 1,238, price IDR 1,320, that is 6.2% below the price, quality 43 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
58‑month range 125.22 IDR – 2,773 IDR · fair‑value band 889.94 IDR – 1,559 IDR · the 1,320 IDR price screens above the 1,238 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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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.
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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.
Stock analysis
Adaro Minerals Indonesia Tbk PT (ADMR) currently trades at 1,320 IDR, while our model-based Fair Value estimate is 1,238 IDR, so the stock looks roughly fairly valued today (gap 6.6%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 3,398 IDR per share, and 5 of the 16 models we run sit above the 1,320 IDR price.
Bear case: the Asset-Based group reads lowest at 460.65 IDR, and 11 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 889.94 IDR (bear) to 1,559 IDR (bull), the price of 1,320 IDR sits inside 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 43/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Adaro Minerals Indonesia Tbk PT reported revenue of $961M in FY2025 versus $460M in FY2021, a compound +20.2%/yr. Reported net income was $268M in FY2025, compounding +14.6%/yr from FY2021.
Key figures
Market cap 54.0T IDR (≈ $3.0B) Mid · P/E ratio 8.3 · P/S ratio 2.30 · EPS (TTM) 159.68 IDR · Net margin 27.9% · Return on equity 23.1% · Return on assets (EBIT) 25.8% (5-year average) · Operating margin 31.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 80 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −23% fair-value upside, at −6%, ADMR screens cheaper than that median.
Fair Value models
Bear889.94 IDRFair Value 1,238 IDRBull1,559 IDR
Price 1,320 IDR · Downside -6.2%
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 (136.93 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.
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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−16.7%
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.
+1.9%
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.
+50.8%
Start year 2020 (pandemic)
Revenue growth 7 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.
+34.2%
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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.
+11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.5%
Dividend (yield on the price)0.0%
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.−24% → 33%
AI conclusion: The company's main strength lies in aluminum smelter contributions to profits, while its main weakness is negative free cash flow amid limited business quality signals.
Main risk: Ongoing logistics constraints on the Barito River threaten to reduce coal shipment volumes and expose earnings to prolonged normalization delays.
Adaro Minerals runs coking coal mines alongside a new aluminum smelter that has started commercial shipments and is scaling toward full capacity. Logistics constraints on the Barito River cut third-quarter coal volumes, yet nine-month profits still rose sharply on aluminum contributions. Will the smelter offset ongoing coal shipment risks or leave earnings exposed if normalization takes longer?
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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.Coking Coal · 20 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score43 · Above median
Fair Value upside−5.5% · Above median
Profitability
Return on equity (12 months)23.1% · Top 25%
Return on assets9.3% · Top 25%
Net margin (12 months)24.8% · Top 25%
Operating margin (12 months)31.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)189.4% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.44× · Above median
Valuation Multiplesvs Coking Coal median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Adaro Minerals Indonesia Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/ADMR
Frequently asked questions
Is Adaro Minerals Indonesia Tbk PT (ADMR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 1,238 IDR versus a price of 1,320 IDR, about 6% lower (fairly valued).
What is the fair value of ADMR?
Our model-based fair value for Adaro Minerals Indonesia Tbk PT is 1,238 IDR (as of Nov 4, 2026), built from audited fundamentals. The current price: 1,320 IDR.
What is the quality score of ADMR?
Adaro Minerals Indonesia Tbk PT has a Quality Score of 43/100. 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 Adaro Minerals Indonesia Tbk PT (ADMR)?
Our model-based price target is the fair value of 1,238 IDR (as of Nov 4, 2026) from 16 valuation models. Cautious scenario 889.94 IDR, optimistic scenario 1,559 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Adaro Minerals Indonesia Tbk PT stock forecast for 2026?
Our models put fair value at 1,238 IDR, about 6% lower versus a price of 1,320 IDR (fairly valued). Cautious scenario 889.94 IDR, optimistic scenario 1,559 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Adaro Minerals Indonesia Tbk PT (ADMR)?
Adaro Minerals Indonesia Tbk PT reported trailing-twelve-month revenue of about $1.6B (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Adaro Minerals Indonesia Tbk PT (ADMR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Adaro Minerals Indonesia Tbk PT it is 1,238 IDR per share (as of Nov 4, 2026), against a price of 1,320 IDR. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Adaro Minerals Indonesia Tbk PT stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ADMR trades above its calculated fair value: price 1,320 IDR, fair value 1,238 IDR, a gap of about −6% (fairly valued). 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 ADMR?
No. The price is what the market pays today (1,320 IDR); the fair value is what the company's own numbers justify (1,238 IDR). For Adaro Minerals Indonesia Tbk PT the two are 82.30 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Adaro Minerals Indonesia Tbk PT worth?
The market values Adaro Minerals Indonesia Tbk PT at about 54.0T IDR (market capitalisation, as of Nov 4, 2026). Per share that is 1,320 IDR; our models calculate a fair value of 1,238 IDR per share.
What do the bullish and bearish scenarios say about ADMR?
Our models span a range for Adaro Minerals Indonesia Tbk PT: cautious scenario 889.94 IDR, base 1,238 IDR, optimistic 1,559 IDR per share (as of Nov 4, 2026, price 1,320 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ADMR?
Adaro Minerals Indonesia Tbk PT trades at a price-to-earnings ratio of 8.3 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,238 IDR is built from several models across several years. Other multiples: P/B 1.9, P/S 1.9, EV/EBITDA 5.3.
How solid is the balance sheet of Adaro Minerals Indonesia Tbk PT (ADMR)?
Balance-sheet figures for Adaro Minerals Indonesia Tbk PT (as of Nov 4, 2026): return on equity 23.1%, debt of 0.44 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is ADMR from its 52-week high?
Adaro Minerals Indonesia Tbk PT trades at 1,320 IDR, about 41% below its 52-week high of 2,219 IDR and 22% above the low of 1,085 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,238 IDR is for.
Which stocks are comparable to Adaro Minerals Indonesia Tbk PT?
From the same area (Basic Materials) we also value Warrior Met Coal, Inc, Shanxi Meijin Energy Co, Coronado Global Resources Inc, Alpha Metallurgical Resources, Inc, 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 Adaro Minerals Indonesia Tbk PT stock attractive at the current price?
The data as of Nov 4, 2026: price 1,320 IDR, calculated fair value 1,238 IDR (−6%), Quality Score 43/100, from 16 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 ADMR calculated?
We run Adaro Minerals Indonesia Tbk PT through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,238 IDR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Adaro Minerals Indonesia Tbk PT itself currently trades above fair value. 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 Adaro Minerals Indonesia Tbk PT (ADMR)?
The closing price on Nov 9, 2026 was 1,320 IDR. Our model-based fair value is 1,238 IDR, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Adaro Minerals Indonesia Tbk PT right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Adaro Minerals Indonesia Tbk PT
How large is the market capitalisation of Adaro Minerals Indonesia Tbk PT (ADMR)?
The market capitalisation of Adaro Minerals Indonesia Tbk PT is 54.0T IDR (≈ $3.0B). 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 Adaro Minerals Indonesia Tbk PT (ADMR)?
The price-to-sales ratio of Adaro Minerals Indonesia Tbk PT is 2.30 (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 Adaro Minerals Indonesia Tbk PT (ADMR)?
Earnings per share at Adaro Minerals Indonesia Tbk PT are 159.68 IDR (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Adaro Minerals Indonesia Tbk PT (ADMR)?
The net margin of Adaro Minerals Indonesia Tbk PT is 27.9% (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 Adaro Minerals Indonesia Tbk PT (ADMR)?
The return on equity (ROE) of Adaro Minerals Indonesia Tbk PT is 23.1% (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 Adaro Minerals Indonesia Tbk PT (ADMR)?
On an EBIT basis the return on assets of Adaro Minerals Indonesia Tbk PT is 25.8% (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 Adaro Minerals Indonesia Tbk PT (ADMR)?
The operating margin of Adaro Minerals Indonesia Tbk PT is 31.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Adaro Minerals Indonesia Tbk PT (ADMR)?
Revenue at Adaro Minerals Indonesia Tbk PT is growing +189% versus a year earlier (3y avg +1.9%). 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 Adaro Minerals Indonesia Tbk PT (ADMR)?
Earnings per share at Adaro Minerals Indonesia Tbk PT are growing +127% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Adaro Minerals Indonesia Tbk PT (ADMR) generate?
The free cash flow of Adaro Minerals Indonesia Tbk PT is −$476M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Adaro Minerals Indonesia Tbk PT (ADMR) carry?
The net debt of Adaro Minerals Indonesia Tbk PT is $346M (fiscal year 2025). 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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Nov 4, 2026