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COAL Fair Value & Analysis

Energy · ID · Market cap 138B IDR

C COAL COAL · JK
Price27.00 IDR
Fair Value40.00 IDR
Upside+48.2%
Quality38/100
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Mixed Growth
Loss-making · -8.0% net margin
Low debt · negative free cash flow
Trails peers (2/8)
Narrow moat 21/100
Evidence: Medium Range 28.00 IDR – 52.00 IDR Share as image

Fair value as of: Jul 12, 2026

From 14 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 28.10 IDR to 40.00 IDR (+42.3%) since Jun 24, 2026. Share price +22.7% over the past month.

Below-average quality, screening 48% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (28.00 IDR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (28.00 IDR to 52.00 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

560.00 IDR 20.00 IDR Fair Value 40.00 IDR Sep 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

47‑month range 20.00 IDR – 560.00 IDR · fair‑value band 28.00 IDR – 52.00 IDR · the 27.00 IDR price screens below the 40.00 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

COAL (COAL) currently trades at 27.00 IDR, while our model-based Fair Value estimate is 40.00 IDR, implying the stock looks roughly 48.2% undervalued today. The Quality Score stands at 38/100 (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: medium), always confirm before acting.

Over the trailing twelve months, COAL generated revenue of 243B IDR at a net margin of 1.8%. It earns a return on equity of 1.2%. Net debt stands at 181B IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 28.00 IDR (bear case) to 52.00 IDR (bull case); at 27.00 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. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 48%, COAL 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 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
ROIC Compounder 35.82 IDR 41.40 IDR 46.29 IDR 72
Growth-Adj P/E 19.67 IDR 28.10 IDR 36.53 IDR 68
P/E Multiple 7.19 IDR 9.59 IDR 11.99 IDR 63
All 14 models by family
Earnings-Based
Graham-Dodd 4.66 IDR 32.48 IDR 45.58 IDR 54
Lynch FV 16.78 IDR 23.97 IDR 31.17 IDR 50
PEG = 1.0 16.78 IDR 23.97 IDR 31.17 IDR 46
EPV 35.82 IDR 41.40 IDR 46.29 IDR 59
Multiples
P/E Multiple 7.19 IDR 9.59 IDR 11.99 IDR 63
P/S Multiple 8.73 IDR 11.64 IDR 14.56 IDR 58
P/B Multiple 8.73 IDR 11.64 IDR 14.56 IDR 55
EV/EBIT 33.58 IDR 44.02 IDR 54.45 IDR 53
EV/EBITDA 54.77 IDR 72.26 IDR 89.75 IDR 54
EV/Revenue 34.94 IDR 48.93 IDR 62.92 IDR 43
Asset-Based
NCAV (Graham) 29.04 IDR 38.91 IDR 58.07 IDR 50
Economic Profit
Residual Income 39.86 IDR 37.10 IDR 27.47 IDR 61
ROIC Compounder 35.82 IDR 41.40 IDR 46.29 IDR 72
Growth Earnings
Growth-Adj P/E 19.67 IDR 28.10 IDR 36.53 IDR 68

Widest divergence: Asset-Based (38.91 IDR) versus Multiples (11.64 IDR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 116B IDR
Revenue growth (YoY) -99.1%
Net margin -8.0%
Return on equity -2.6%
Free cash flow −37.3B IDR FY2025
Operating margin 8.3%
More key figures
EPS growth (YoY) -14.3%
Net debt 181B IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 17

Profitability 17
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 9
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 Black Diamond Resources Tbk, through its subsidiary, PT Dayak Membangun Pratama, engages in coal mining activities in Indonesia. The company holds an interest in a mining site covering an area of 4,883 hectares located in Gunung Mas, Central Kalimantan. It also engages in mining support, mining and quarrying, and financial and investment activities.

Full company description

PT Black Diamond Resources Tbk, through its subsidiary, PT Dayak Membangun Pratama, engages in coal mining activities in Indonesia. The company holds an interest in a mining site covering an area of 4,883 hectares located in Gunung Mas, Central Kalimantan. It also engages in mining support, mining and quarrying, and financial and investment activities. PT Black Diamond Resources Tbk was founded in 2017 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

COAL reported revenue of 243B IDR in FY2025 versus 172B IDR in FY2021, a compound +9.1%/yr. Reported net income was 4.3B IDR in FY2025, compounding −36.3%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
243B IDR
Latest YoY
−50.0%
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.
−29.5%
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.
+180.1%
Revenue +9.1%/yr
FY21 172B IDR
FY22 693B IDR
FY23 679B IDR
FY24 486B IDR
FY25 243B IDR
Net income −36.3%/yr
FY21 26.0B IDR
FY22 89.9B IDR
FY23 38.3B IDR
FY24 33.2B IDR
FY25 4.3B IDR

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Cite: Fair Value Calculator (2026). "COAL Fair Value". https://www.fairvalue-calculator.com/stock/COAL

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.

Quality Score 38 · Below median
Fair Value upside +48% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -8% · Bottom 25%
Operating margin (TTM) 8% · Below median
Revenue growth -99% · Bottom 25%

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 97 · sector 22
FUTURE 0 · sector 0
PAST 0 · sector 21
HEALTH 100 · sector 92
DIVIDEND 0 · sector 31

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.

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Frequently asked questions

Is COAL overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 40.00 IDR versus a price of 27.00 IDR, about +48% (undervalued).
What is the fair value of COAL?
Our model-based fair value for COAL is 40.00 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 27.00 IDR.
What is the quality score of COAL?
COAL has a Quality Score of 38/100. 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 COAL?
COAL reported trailing-twelve-month revenue of about 243B IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of COAL?
The net profit margin of COAL is about 1.8%, meaning it keeps roughly 1.8% 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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