EN DE

Bayan Resources Tbk (BYAN) Fair Value & Analysis

Energy · ID · Market cap 383T IDR

BR Bayan Resources Tbk BYAN · JK
Price16,175 IDR
Fair Value3,551 IDR
Upside-78.1%
Quality76/100
Watch Bayan Resources Tbk for free, get notified when fair value or trend changes. Watch for free

Strengths

✓Highly profitable · 22.1% net margin
✓Low debt · generates free cash flow
✓Wide moat 87/100

Risks

!Trades 78% ABOVE our fair value of 3,551 IDR
!Mixed Growth
!Mixed vs. peers (6/15)
!Evidence only medium, so the estimate is less certain
Mixed Growth
Highly profitable · 22.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/15)
Wide moat 87/100
Evidence: Medium Range 2,663 IDR – 6,085 IDR Share as image

Fair value as of: Aug 21, 2026

From 23 valuation models · updated today

Fair value updated Aug 21, 2026, revised from 0.2200 IDR to 3,551 IDR (+1,613,836.4%) since Aug 13, 2026. Share price +34.5% over the past month.

A strong business, but screening 78% overvalued on our models.

What matters now

  • A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (6,085 IDR). The favourable scenario is already priced in.
  • A fairly wide model range (2,663 IDR to 6,085 IDR) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

21,630 IDR 904.89 IDR Fair Value 3,551 IDR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range 904.89 IDR – 21,630 IDR · fair‑value band 2,663 IDR – 6,085 IDR · the 16,175 IDR price screens above the 3,551 IDR fair value. Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Bayan Resources Tbk (BYAN) currently trades at 16,175 IDR, while our model-based Fair Value estimate is 3,551 IDR, implying the stock looks roughly 78.1% overvalued today. The Quality Score stands at 76/100 (high quality), in the Energy 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, Bayan Resources Tbk generated revenue of 3.4B IDR at a net margin of 22.1%. Revenue declined 7.7% year over year. It earns a return on equity of 27.9%. The balance sheet holds a net cash position of 575M IDR. Fundamentals as of Aug 21, 2026

Our scenario range runs from 2,663 IDR (bear case) to 6,085 IDR (bull case); at 16,175 IDR, the current price sits above 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 19% below its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -5% fair-value upside, at -78%, BYAN screens richer 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 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. Evidence
Highest evidence
Growth DCF 5,003 IDR 7,101 IDR 10,329 IDR 80
Residual Income 2,582 IDR 3,551 IDR 26,791 IDR 76
Rev-Margin DCF 2,744 IDR 3,551 IDR 4,680 IDR 74
All 23 models by family
DCF Models
FCF DCF 4,842 IDR 7,263 IDR 10,813 IDR 38
Owner Earnings 4,196 IDR 6,294 IDR 9,361 IDR 31
5Y Revenue Exit 2,744 IDR 3,551 IDR 4,519 IDR 39
5Y EBITDA Exit 3,228 IDR 4,519 IDR 5,972 IDR 41
5Y P/E Exit 4,035 IDR 5,972 IDR 8,070 IDR 38
10Y Revenue Exit 3,389 IDR 4,358 IDR 5,487 IDR 36
10Y EBITDA Exit 3,712 IDR 5,003 IDR 6,456 IDR 37
10Y P/E Exit 4,358 IDR 5,972 IDR 8,070 IDR 35
Earnings-Based
Graham-Dodd 2,421 IDR 6,456 IDR 8,392 IDR 54
PEG = 1.0 1,291 IDR 1,775 IDR 2,260 IDR 46
EPV 4,035 IDR 4,680 IDR 5,165 IDR 59
Multiples
P/E Multiple 3,873 IDR 5,165 IDR 6,456 IDR 63
P/S Multiple 1,453 IDR 1,937 IDR 2,421 IDR 58
P/B Multiple 1,614 IDR 2,260 IDR 2,744 IDR 55
EV/EBIT 3,873 IDR 5,003 IDR 6,294 IDR 53
EV/EBITDA 2,744 IDR 3,551 IDR 4,358 IDR 54
EV/Revenue 1,614 IDR 2,260 IDR 2,905 IDR 43
Asset-Based
NCAV (Graham) 645.57 IDR 806.97 IDR 1,291 IDR 50
Growth DCF
Growth DCF 5,003 IDR 7,101 IDR 10,329 IDR 80
Rev-Margin DCF 2,744 IDR 3,551 IDR 4,680 IDR 74
Economic Profit
Residual Income 2,582 IDR 3,551 IDR 26,791 IDR 76
ROIC Compounder 4,196 IDR 5,003 IDR 5,972 IDR 72
Growth Earnings
Growth-Adj P/E 3,066 IDR 4,519 IDR 5,810 IDR 68

Widest divergence: DCF Models (5,003 IDR) versus Asset-Based (806.97 IDR). Highest evidence: Growth DCF (80).

Notify me when BYAN reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 3.4B IDR
Revenue growth (YoY) -7.7%
Net margin 22.1%
Return on equity 27.9%
Free cash flow 823M IDR FY2025
P/E ratio 40.7
More key figures
Operating margin 29.7%
EPS (TTM) 397.19 IDR
EPS growth (YoY) -12.5%
Net cash 575M IDR FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 76/100

Of which business quality 76 · Market factors (momentum, volatility) 55

Profitability 84
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 48
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 Bayan Resources Tbk., together with its subsidiaries, engages in the open cut mining and sale of coal in Indonesia. It operates through Coal and Non-Coal segments. The company produces high calorific value bituminous coal, sub-bituminous low-sulphur, and low-ash coal products.

Full company description

PT Bayan Resources Tbk., together with its subsidiaries, engages in the open cut mining and sale of coal in Indonesia. It operates through Coal and Non-Coal segments. The company produces high calorific value bituminous coal, sub-bituminous low-sulphur, and low-ash coal products. It is also involved in the provision of mining contractor, coal transshipment, electric power supply, and trading services, as well as operation of oil palm plantation. PT Bayan Resources Tbk. was founded in 1973 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bayan Resources Tbk reported revenue of 3.4B IDR in FY2025 versus 2.9B IDR in FY2021, a compound +4.4%/yr. Reported net income was 758M IDR in FY2025, compounding −11.1%/yr from FY2021.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.4B IDR
Latest YoY
−1.8%
Avg. growth/yr (3Y) ⓘ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.
−10.4%
Avg. growth/yr (5Y) ⓘ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.
+19.4%
Avg. growth/yr (20Y) ⓘ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.
−26.7%
Revenue +4.4%/yr
FY21 2.9B IDR
FY22 4.7B IDR
FY23 3.6B IDR
FY24 3.4B IDR
FY25 3.4B IDR
Net income −11.1%/yr
FY21 1.2B IDR
FY22 2.2B IDR
FY23 1.2B IDR
FY24 923M IDR
FY25 758M IDR

BYAN screens 78% overvalued. Compare with China Shenhua Energy Company →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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.

Bayan Resources Tbk · Fair Value
3,551 IDR −78%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Bayan Resources Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BYAN

Peer Group

Thermal Coal · 100 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 76 · Top 25%
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 28% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 30% · Top 25%
Revenue growth -8% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/E (TTM) 40.7× · Pricier than 75% of peers
P/B 14.90× · Pricier than 75% of peers
P/S (TTM) 11.41× · Pricier than 75% of peers
P/FCF 46.6× · Pricier than 75% of peers
EV/EBITDA 35.1× · Pricier than 75% of peers
PEG 0.63× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 25
FUTURE0 · sector 0
PAST100 · sector 22
HEALTH100 · sector 93
DIVIDEND0 · sector 54

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

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

Coal Oil & gas

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
China Shenhua Energy Company 601088 ¥44.07 ¥34.97 -21%
Adani Enterprises Limited ADANIENT ₹2,965 ₹891.11 -70%
Shaanxi Coal Industry Company 601225 ¥25.08 ¥23.90 -5%
Yankuang Energy Group 600188 ¥22.09 ¥13.24 -40%
Coal India Limited COALINDIA ₹409.30 ₹464.01 +13%
China Coal Energy Company 601898 ¥13.93 ¥13.91 -0%
Inner Mongolia Dian Tou Energy Corporation 002128 ¥26.48 ¥20.72 -22%
Shanxi Lu'an Environmental Energy Development Co 601699 ¥16.27 ¥7.20 -56%
PT Alamtri Resources Indonesia Tbk, ADRO 2,560 IDR 2,878 IDR +12%
PT Adaro Andalan Indonesia Tbk AADI 9,350 IDR 13,935 IDR +49%

Compare Bayan Resources Tbk with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Energy stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Evidence & backtest 34 years, survivorship-adjusted Financial calculators DCF, Graham, PEG and more

Frequently asked questions

Is Bayan Resources Tbk (BYAN) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of 3,551 IDR versus a price of 16,175 IDR, about −78% (overvalued).
What is the fair value of BYAN?
Our model-based fair value for Bayan Resources Tbk is 3,551 IDR (as of Aug 21, 2026), built from audited fundamentals. The current price: 16,175 IDR.
What is the quality score of BYAN?
Bayan Resources Tbk has a Quality Score of 76/100. 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 Bayan Resources Tbk (BYAN)?
Bayan Resources Tbk reported trailing-twelve-month revenue of about 3.4B IDR (latest available figure, as of Aug 21, 2026).
What is the net profit margin of BYAN?
The net profit margin of Bayan Resources Tbk is about 22.1%, meaning it keeps roughly 22.1% 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.

14 days Pro free · no card

Track Bayan Resources Tbk and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.