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PT Sumber Energi Andalan Tbk (ITMA) Fair Value & Analysis

Basic Materials · ID · Market cap 1.4T IDR

PS PT Sumber Energi Andalan Tbk ITMA · JK
Price1,375 IDR
Fair Value2,184 IDR
Upside+58.8%
Quality40/100
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Mixed Growth
Highly profitable · 81.0% net margin
Low debt · negative free cash flow
Ranks above peers (8/11)
Narrow moat 35/100
Evidence: Medium Range 1,638 IDR – 2,730 IDR Share as image

Fair value as of: Jul 14, 2026

From 9 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from 1,436 IDR to 2,184 IDR (+52.1%) since Jun 24, 2026.

Below-average quality, screening 59% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (1,638 IDR). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

2,780 IDR 380.00 IDR Fair Value 2,184 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 380.00 IDR – 2,780 IDR · fair‑value band 1,638 IDR – 2,730 IDR · the 1,375 IDR price screens below the 2,184 IDR fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

PT Sumber Energi Andalan Tbk (ITMA) currently trades at 1,375 IDR, while our model-based Fair Value estimate is 2,184 IDR, implying the stock looks roughly 58.8% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Basic Materials 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 Sumber Energi Andalan Tbk generated revenue of 2.8M IDR at a net margin of 81.0%. It earns a return on equity of 1.0%. Net debt stands at 15.9M IDR. The stock trades on a trailing P/E of 31.3. Fundamentals as of Jul 14, 2026

Our scenario range runs from 1,638 IDR (bear case) to 2,730 IDR (bull case); at 1,375 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. The share trades about 53% below its 52-week high and 95% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at 59%, ITMA 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
Residual Income 2,719 IDR 2,538 IDR 1,813 IDR 76
Growth-Adj P/E 1,088 IDR 1,450 IDR 1,813 IDR 68
P/E Multiple 543.78 IDR 725.04 IDR 906.30 IDR 63
All 9 models by family
Earnings-Based
Graham-Dodd 181.26 IDR 1,450 IDR 2,175 IDR 54
Lynch FV 725.04 IDR 1,088 IDR 1,450 IDR 50
PEG = 1.0 725.04 IDR 1,088 IDR 1,450 IDR 46
Multiples
P/E Multiple 543.78 IDR 725.04 IDR 906.30 IDR 63
P/S Multiple 181.26 IDR 58
P/B Multiple 362.52 IDR 543.78 IDR 725.04 IDR 55
Asset-Based
NCAV (Graham) 1,994 IDR 2,538 IDR 3,988 IDR 50
Economic Profit
Residual Income 2,719 IDR 2,538 IDR 1,813 IDR 76
Growth Earnings
Growth-Adj P/E 1,088 IDR 1,450 IDR 1,813 IDR 68

Widest divergence: Asset-Based (2,538 IDR) versus Multiples (543.78 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.8M IDR
Revenue growth (YoY) +1,534%
Net margin 81.0%
Return on equity 1.0%
Free cash flow −7.1M IDR FY2026
P/E ratio 31.3
More key figures
Operating margin -9.7%
EPS (TTM) 41.73 IDR
EPS growth (YoY) +537%
Net debt 15.9M IDR FY2026

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 39 · Market factors (momentum, volatility) 47

Profitability 28
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 63
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 Sumber Energi Andalan Tbk provides trading, import and export, consulting, and contract services to the mining and energy sectors.

Full company description

PT Sumber Energi Andalan Tbk provides trading, import and export, consulting, and contract services to the mining and energy sectors. It also acts as a contractor in Engineering Procurement Construction (EPC); provides integrated construction services, including planning, procurement, and execution as well as construction for works in the field of power generation and in other energy-related fields; and acts a contractor for Operation & Maintenance (O&M) and providing operation and maintenance services for power plants. In addition, the company provides consultancy services for the mining industry, including construction and development planning for the general mining industry, as well as related business activities, including the maintenance of mining equipment; oil and gas mining, geothermal and energy conservation, coal, lignite and anthracite, and related business activities; provides consultancy services for activities related to power plant sector, including consultation for operational and maintenance activities; acts as an investor in Independent Power Producer (IPP); conducts investment activities in the field of private power generation; and trading in the energy and agricultural commodities sector. The company was formerly known as PT Itamaraya Tbk and changed its name to PT Sumber Energi Andalan Tbk in June 2010. PT Sumber Energi Andalan Tbk was founded in 1987 and is headquartered in Jakarta Selatan, Indonesia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

PT Sumber Energi Andalan Tbk reported revenue of 2.1M IDR in FY2026 versus 204K IDR in FY2022, a compound +78.8%/yr. Reported net income was 1.7M IDR in FY2026, compounding −38.7%/yr from FY2022.

Growth Quality 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
2.1M IDR
Latest YoY
+111.2%
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.
+119.2%
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.
+81.3%
Avg. growth/yr (18Y) 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.
−38.2%
Revenue +78.8%/yr
FY22 204K IDR
FY23 198K IDR
FY24 246K IDR
FY25 988K IDR
FY26 2.1M IDR
Net income −38.7%/yr
FY22 12.3M IDR
FY23 30.7M IDR
FY24 2.2M IDR
FY25 1.8M IDR
FY26 1.7M IDR
Character of growth · EPS growth decomposed (2015-2026) −14.6 % p.a.
Revenue per share +16.4 pp

of which total revenue +20.8 pp · buybacks/dilution −4.5 pp

EBIT margin −27.1 pp
Tax rate +0.0 pp
Residual (interest, one-offs) −3.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PT Sumber Energi Andalan Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ITMA

Peer Group

Other Industrial Metals & Mining · 475 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 40 · Above median
Fair Value upside +59% · Top 25%
Return on equity (TTM) 1% · Above median
Return on assets 0% · Above median
Net margin (TTM) 81% · Top 25%
Operating margin (TTM) -10% · Bottom 25%
Revenue growth 1534% · Top 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 33.2× · Pricier than 75% of peers
P/B 0.64× · Cheaper than 75% of peers
P/S (TTM) 48.91× · Pricier than 75% of peers

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 100 · sector 0
FUTURE 100 · sector 23
PAST 4 · sector 0
HEALTH 97 · sector 96
DIVIDEND 0 · sector 21

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is PT Sumber Energi Andalan Tbk (ITMA) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 2,184 IDR versus a price of 1,375 IDR, about +59% (undervalued).
What is the fair value of ITMA?
Our model-based fair value for PT Sumber Energi Andalan Tbk is 2,184 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 1,375 IDR.
What is the quality score of ITMA?
PT Sumber Energi Andalan Tbk has a Quality Score of 40/100. 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 PT Sumber Energi Andalan Tbk (ITMA)?
PT Sumber Energi Andalan Tbk reported trailing-twelve-month revenue of about 2.8M IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of ITMA?
The net profit margin of PT Sumber Energi Andalan Tbk is about 81.0%, meaning it keeps roughly 81.0% 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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