Prima Andalan Mandiri Tbk PT (MCOL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Prima Andalan Mandiri Tbk PT stock IDR 5,420, price IDR 3,400, upside +59.4%, quality 70 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 916.98 IDR – 5,029 IDR · fair‑value band 4,088 IDR – 6,678 IDR · the 3,400 IDR price screens below the 5,420 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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PT Prima Andalan Mandiri Tbk, through its subsidiaries, operates as a coal mining company in Indonesia. It operates in three segments: Coal Mining; Mining Contractor; and Shipping.
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The company develops and operates a coal mining project, which covers an area of approximately 9,240 hectares located in Sungai Krassi, Kecamatan Sesayap, and Sembakung of North Kalimantan. It also provides mining contractor, sea shipping, loading, unloading, and warehousing services.
The company was founded in 1989 and is based in Jakarta, Indonesia. PT Prima Andalan Mandiri Tbk operates as a subsidiary of PT Edika Agung Mandiri.
Stock analysis
Prima Andalan Mandiri Tbk PT (MCOL) currently trades at 3,400 IDR, while our model-based Fair Value estimate is 5,420 IDR, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 5,992 IDR per share, and 17 of the 24 models we run sit above the 3,400 IDR price.
Bear case: the Dividend Discount group reads lowest at 2,489 IDR, and 7 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,088 IDR (bear) to 6,678 IDR (bull), the price of 3,400 IDR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Prima Andalan Mandiri Tbk PT reported revenue of $659M in FY2025 versus $693M in FY2021, a compound −1.3%/yr. Reported net income was $65.9M in FY2025, compounding −29.8%/yr from FY2021.
Key figures
Market cap 12.1T IDR (≈ $668M) Small · P/E ratio 8.9 · P/S ratio 0.89 · EPS (TTM) 381.07 IDR · Dividend yield 8.8% · Net margin 10.0% · Return on equity 14.8% · Return on assets (EBIT) 38.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −25% fair-value upside, at 59%, MCOL screens cheaper than that median.
Fair Value models
Bear4,088 IDRFair Value 5,420 IDRBull6,678 IDR
Price 3,400 IDR · Upside +59.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (325.74 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF5,435 IDR6,481 IDR8,095 IDR80
Growth DCF5,509 IDR6,487 IDR7,891 IDR78
Owner Earnings2,579 IDR3,006 IDR3,666 IDR76
All 24 models by family
DCF Models
FCF DCF5,435 IDR6,481 IDR8,095 IDR80
Owner Earnings2,579 IDR3,006 IDR3,666 IDR76
5Y Revenue Exit4,290 IDR5,376 IDR6,899 IDR72
5Y EBITDA Exit4,473 IDR5,688 IDR7,245 IDR74
5Y P/E Exit4,514 IDR5,758 IDR7,201 IDR70
10Y Revenue Exit4,767 IDR5,685 IDR6,680 IDR66
10Y EBITDA Exit4,912 IDR5,854 IDR6,869 IDR68
10Y P/E Exit4,933 IDR5,892 IDR6,845 IDR63
Earnings-Based
Graham-Dodd2,280 IDR4,053 IDR4,987 IDR64
EPV2,824 IDR3,072 IDR3,270 IDR74
Dividend Discount
Gordon GGM2,050 IDR2,454 IDR2,809 IDR67
DDM Multi-Stage2,050 IDR2,524 IDR2,983 IDR65
Multiples
P/E Multiple3,521 IDR4,695 IDR5,869 IDR63
P/S Multiple3,018 IDR4,024 IDR5,031 IDR58
P/B Multiple3,451 IDR4,601 IDR5,752 IDR55
EV/EBIT3,586 IDR4,669 IDR5,751 IDR66
EV/EBITDA3,766 IDR4,909 IDR6,052 IDR67
EV/Revenue3,154 IDR4,361 IDR5,569 IDR54
Asset-Based
NCAV (Graham)323.92 IDR490.79 IDR613.49 IDR54
Growth DCF
Growth DCF5,509 IDR6,487 IDR7,891 IDR78
Rev-Margin DCF4,290 IDR5,496 IDR7,015 IDR72
Economic Profit
Residual Income2,334 IDR2,545 IDR2,872 IDR74
ROIC Compounder2,824 IDR3,095 IDR3,341 IDR70
Growth Earnings
Growth-Adj P/E2,533 IDR3,619 IDR4,705 IDR65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−14.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−14.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+17.1%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+17.0%
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+16.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.7%
Dividend (yield on the price)8.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 13%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−13.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −15.3% a year for the price.
Compare Prima Andalan Mandiri Tbk PT with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Thermal Coal · 82 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+59.4% · Top 25%
Profitability
Return on equity (12 months)14.8% · Top 25%
Return on assets9.0% · Top 25%
Net margin (12 months)10.9% · Above median
Operating margin (12 months)12.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)30.6% · Top 25%
Dividend yield (12 months)8.8% · Top 25%
Valuation Multiplesvs Thermal Coal median · lower = cheaper
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Is Prima Andalan Mandiri Tbk PT (MCOL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 5,420 IDR versus a price of 3,400 IDR, about +59% upside (undervalued).
What is the fair value of MCOL?
Our model-based fair value for Prima Andalan Mandiri Tbk PT is 5,420 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 3,400 IDR.
What is the quality score of MCOL?
Prima Andalan Mandiri Tbk PT has a Quality Score of 70/100. 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 price target for Prima Andalan Mandiri Tbk PT (MCOL)?
Our model-based price target is the fair value of 5,420 IDR (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 4,088 IDR, optimistic scenario 6,678 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Prima Andalan Mandiri Tbk PT stock forecast for 2026?
Our models put fair value at 5,420 IDR, about +59% upside versus a price of 3,400 IDR (undervalued). Cautious scenario 4,088 IDR, optimistic scenario 6,678 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Prima Andalan Mandiri Tbk PT (MCOL)?
Prima Andalan Mandiri Tbk PT reported trailing-twelve-month revenue of about $737M (latest available figure, as of Nov 6, 2026).
Does Prima Andalan Mandiri Tbk PT pay a dividend?
Prima Andalan Mandiri Tbk PT currently shows a dividend yield of 8.76% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Prima Andalan Mandiri Tbk PT (MCOL)?
Prima Andalan Mandiri Tbk PT has a dividend yield of 8.8%.
What growth is priced into Prima Andalan Mandiri Tbk PT (MCOL)?
For today's price to be fair in a discounted-cash-flow model, Prima Andalan Mandiri Tbk PT would have to grow free cash flow by -13.3 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.1 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of MCOL use?
Our models discount Prima Andalan Mandiri Tbk PT at 13.5 %: a base by market capitalisation (small), country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Prima Andalan Mandiri Tbk PT that is -13.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Prima Andalan Mandiri Tbk PT (MCOL) delivered so far?
Over the past 5 years revenue at Prima Andalan Mandiri Tbk PT grew +17.1 % a year. The price currently implies free-cash-flow growth of -13.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Prima Andalan Mandiri Tbk PT (MCOL) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Prima Andalan Mandiri Tbk PT (-13.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Prima Andalan Mandiri Tbk PT (MCOL)?
The free-cash-flow yield on the price is 19.57 %: that much free cash flow Prima Andalan Mandiri Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Prima Andalan Mandiri Tbk PT (MCOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Prima Andalan Mandiri Tbk PT it is 5,420 IDR per share (as of Nov 6, 2026), against a price of 3,400 IDR. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Prima Andalan Mandiri Tbk PT stock overvalued or undervalued in 2026?
As of Nov 6, 2026, MCOL trades below its calculated fair value: price 3,400 IDR, fair value 5,420 IDR, a gap of about +59% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MCOL?
No. The price is what the market pays today (3,400 IDR); the fair value is what the company's own numbers justify (5,420 IDR). For Prima Andalan Mandiri Tbk PT the two are 2,020 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Prima Andalan Mandiri Tbk PT worth?
The market values Prima Andalan Mandiri Tbk PT at about 12.1T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 3,400 IDR; our models calculate a fair value of 5,420 IDR per share.
What do the bullish and bearish scenarios say about MCOL?
Our models span a range for Prima Andalan Mandiri Tbk PT: cautious scenario 4,088 IDR, base 5,420 IDR, optimistic 6,678 IDR per share (as of Nov 6, 2026, price 3,400 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MCOL?
Prima Andalan Mandiri Tbk PT trades at a price-to-earnings ratio of 8.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5,420 IDR is built from several models across several years. Other multiples: P/B 1.2, P/S 0.9, EV/EBITDA 3.5.
How solid is the balance sheet of Prima Andalan Mandiri Tbk PT (MCOL)?
Balance-sheet figures for Prima Andalan Mandiri Tbk PT (as of Nov 6, 2026): return on equity 14.8%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is MCOL from its 52-week high?
Prima Andalan Mandiri Tbk PT trades at 3,400 IDR, about 14% below its 52-week high of 3,964 IDR and 9% above the low of 3,109 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5,420 IDR is for.
Which stocks are comparable to Prima Andalan Mandiri Tbk PT?
From the same area (Energy) we also value China Shenhua Energy Company, Shaanxi Coal Industry Company, Adani Enterprises Limited, China Coal Energy Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Prima Andalan Mandiri Tbk PT stock attractive at the current price?
The data as of Nov 6, 2026: price 3,400 IDR, calculated fair value 5,420 IDR (+59%), Quality Score 70/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MCOL calculated?
We run Prima Andalan Mandiri Tbk PT through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 5,420 IDR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Prima Andalan Mandiri Tbk PT currently trades 37% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Prima Andalan Mandiri Tbk PT (MCOL)?
The closing price on Nov 6, 2026 was 3,400 IDR. Our model-based fair value is 5,420 IDR, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Prima Andalan Mandiri Tbk PT right now?
The price is below even our cautious bear case (4,088 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (70/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Prima Andalan Mandiri Tbk PT
How large is the market capitalisation of Prima Andalan Mandiri Tbk PT (MCOL)?
The market capitalisation of Prima Andalan Mandiri Tbk PT is 12.1T IDR (≈ $668M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Prima Andalan Mandiri Tbk PT (MCOL)?
The price-to-sales ratio of Prima Andalan Mandiri Tbk PT is 0.89 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Prima Andalan Mandiri Tbk PT (MCOL)?
Earnings per share at Prima Andalan Mandiri Tbk PT are 381.07 IDR (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Prima Andalan Mandiri Tbk PT (MCOL)?
The dividend yield of Prima Andalan Mandiri Tbk PT is 8.8% (payout 78.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Prima Andalan Mandiri Tbk PT (MCOL)?
The net margin of Prima Andalan Mandiri Tbk PT is 10.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Prima Andalan Mandiri Tbk PT (MCOL)?
The return on equity (ROE) of Prima Andalan Mandiri Tbk PT is 14.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Prima Andalan Mandiri Tbk PT (MCOL)?
On an EBIT basis the return on assets of Prima Andalan Mandiri Tbk PT is 38.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Prima Andalan Mandiri Tbk PT (MCOL)?
The operating margin of Prima Andalan Mandiri Tbk PT is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Prima Andalan Mandiri Tbk PT (MCOL)?
Revenue at Prima Andalan Mandiri Tbk PT is growing +30.6% versus a year earlier (3y avg −14.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Prima Andalan Mandiri Tbk PT (MCOL)?
Earnings per share at Prima Andalan Mandiri Tbk PT are growing +21.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Prima Andalan Mandiri Tbk PT (MCOL) hold?
Prima Andalan Mandiri Tbk PT holds more cash than debt, $66.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 6, 2026