PT Golden Energy Mines Tbk, through its subsidiaries, (GEMS) Fair Value & Analysis
Energy · ID · Market cap 38.4T IDR
Fair value as of: Jul 18, 2026
From 24 valuation models · updated 23 days ago
Fair value updated Jul 18, 2026, revised from 8,849 IDR to 8,838 IDR (−0.1%) since Jul 16, 2026. Share price +3.5% over the past month.
A solid business, screening 34% undervalued on our models.
What matters now
- Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (6,493 IDR to 16,052 IDR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 1,247 IDR – 13,545 IDR · fair‑value band 6,493 IDR – 16,052 IDR · the 6,600 IDR price screens below the 8,838 IDR fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
PT Golden Energy Mines Tbk, through its subsidiaries, (GEMS) currently trades at 6,600 IDR, while our model-based Fair Value estimate is 8,838 IDR, implying the stock looks roughly 33.9% undervalued today. The Quality Score stands at 68/100 (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: high), always confirm before acting.
Over the trailing twelve months, PT Golden Energy Mines Tbk, through its subsidiaries, generated revenue of 2.4B IDR at a net margin of 10.7%. Revenue declined 2.4% year over year. It earns a return on equity of 37.9%. Net debt stands at 22.3M IDR. Fundamentals as of Jul 18, 2026
Our scenario range runs from 6,493 IDR (bear case) to 16,052 IDR (bull case); at 6,600 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 29% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at 34%, GEMS 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 24 models by family
Widest divergence: DCF Models (12,986 IDR) versus Asset-Based (1,443 IDR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 38
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 Golden Energy Mines Tbk, through its subsidiaries, engages in coal mining business in Indonesia, China, India, the Philippines, South Korea, New Zealand, Cambodia, Malaysia, Hongkong, and Vietnam. The company operates in two segments, Coal Trading and Coal Mining.
Full company description
PT Golden Energy Mines Tbk, through its subsidiaries, engages in coal mining business in Indonesia, China, India, the Philippines, South Korea, New Zealand, Cambodia, Malaysia, Hongkong, and Vietnam. The company operates in two segments, Coal Trading and Coal Mining. It offers management consultancy; mining; and venture capital services, as well as develops a mine-mouth power plant. The company was formerly known as PT Bumi Kencana Eka Sakti and changed its name to PT Golden Energy Mines Tbk in November 2010. PT Golden Energy Mines Tbk was incorporated in 1997 and is headquartered in Jakarta, Indonesia. PT Golden Energy Mines Tbk is a subsidiary of PT Dian Swastatika Sentosa Tbk.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Golden Energy Mines Tbk, through its subsidiaries, reported revenue of 2.4B IDR in FY2025 versus 1.6B IDR in FY2021, a compound +10.7%/yr. Reported net income was 255M IDR in FY2025, compounding −7.5%/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 18, 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 Alamtri Resources Indonesia Tbk, ADRO | 2,490 IDR | 3,220 IDR | +29% |
| PT Petrindo Jaya Kreasi Tbk, through its subsidiaries, CUAN | 630.00 IDR | 360.72 IDR | -43% |
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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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