PT Alamtri Resources Indonesia Tbk, (ADRO) Fair Value & Analysis
Energy · ID · Market cap 71.7T IDR
Fair value as of: Jul 19, 2026
From 12 valuation models · updated 21 days ago
Fair value updated Jul 19, 2026, revised from 3,263 IDR to 3,220 IDR (−1.3%) since Jul 14, 2026. Share price +10.4% over the past month.
A solid business, screening 27% undervalued on our models.
What matters now
- Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from 2,505 IDR (bear) to 4,115 IDR (bull), base 3,220 IDR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 61/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range 278.67 IDR – 2,600 IDR · fair‑value band 2,505 IDR – 4,115 IDR · the 2,540 IDR price screens below the 3,220 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
Analysis
PT Alamtri Resources Indonesia Tbk, (ADRO) currently trades at 2,540 IDR, while our model-based Fair Value estimate is 3,220 IDR, implying the stock looks roughly 26.8% undervalued today. The Quality Score stands at 61/100 (solid 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: medium), always confirm before acting.
Over the trailing twelve months, PT Alamtri Resources Indonesia Tbk, generated revenue of 2.0B IDR at a net margin of 25.4%. Revenue grew 23.4% year over year. It earns a return on equity of 10.3%. The balance sheet holds a net cash position of 227M IDR. Fundamentals as of Jul 19, 2026
Our scenario range runs from 2,505 IDR (bear case) to 4,115 IDR (bull case); at 2,540 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 2% below its 52-week high and 77% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 27%, ADRO 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.
All 12 models by family
Widest divergence: Multiples (3,041 IDR) versus Asset-Based (1,789 IDR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 76
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 Resources Indonesia Tbk, together with its subsidiaries, engages in the coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services.
Full company description
PT Alamtri Resources Indonesia Tbk, together with its subsidiaries, engages in the coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services. It is involved in the agriculture, construction, and seaport service activities, as well as repair and installation of machines, power supply, water treatment, and forestry and industry related activities. In addition, the company provides investment, trading and power plant, electric power supply, metal processing, and stone sand and other clays quarrying services; and transmission, distribution, and sale of electricity. It also exports its products to China, India, Korea, and Singapore. The company was formerly known as PT Adaro Energy Indonesia Tbk and changed its name to PT Alamtri Resources Indonesia Tbk in November 2024. The company was founded in 2004 and is headquartered in Jakarta, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Alamtri Resources Indonesia Tbk, reported revenue of 1.9B IDR in FY2025 versus 4.0B IDR in FY2021, a compound −17.5%/yr. Reported net income was 442M IDR in FY2025, compounding −17.0%/yr from FY2021.
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Peer Group
Thermal Coal · 101 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.
Valuation Multiples vs Thermal Coal median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥42.65 | ¥34.97 | -18% |
| Adani Enterprises Limited ADANIENT | ₹3,157 | ₹901.17 | -71% |
| Shaanxi Coal Industry Company 601225 | ¥24.30 | ¥23.90 | -2% |
| Yankuang Energy Group 600188 | ¥20.23 | ¥13.24 | -35% |
| Coal India Limited COALINDIA | ₹427.65 | ₹464.01 | +9% |
| China Coal Energy Company 601898 | ¥12.54 | ¥13.97 | +11% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥25.13 | ¥21.99 | -12% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥16.26 | ¥7.20 | -56% |
| PT Petrindo Jaya Kreasi Tbk, through its subsidiaries, CUAN | 630.00 IDR | 360.72 IDR | -43% |
| PT Adaro Andalan Indonesia Tbk AADI | 8,425 IDR | 15,951 IDR | +89% |
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Frequently asked questions
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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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