PT PAM Mineral Tbk, (NICL) Fair Value & Analysis
Basic Materials · ID · Market cap 5.3T IDR
Fair value as of: Jul 16, 2026
From 26 valuation models · updated 25 days ago
Share price −2.4% over the past month.
A strong business, currently priced close to our fair value.
What matters now
- The model range is unusually wide (357.40 IDR to 1,190 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 53.51 IDR – 1,856 IDR · fair‑value band 357.40 IDR – 1,190 IDR · the 478.00 IDR price screens above the 469.03 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
PT PAM Mineral Tbk, (NICL) currently trades at 478.00 IDR, while our model-based Fair Value estimate is 469.03 IDR, implying the stock looks roughly 1.9% fairly valued today. The Quality Score stands at 84/100 (high quality), in the Basic Materials 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: high).
Over the trailing twelve months, PT PAM Mineral Tbk, generated revenue of 1.2T IDR at a net margin of 22.1%. Revenue declined 45.8% year over year. It earns a return on equity of 27.6%. The balance sheet holds a net cash position of 239B IDR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 357.40 IDR (bear case) to 1,190 IDR (bull case); at 478.00 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 76% below its 52-week high and 17% 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 -2%, NICL 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 26 models by family
Widest divergence: DCF Models (1,081 IDR) versus Asset-Based (48.75 IDR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 84 · Market factors (momentum, volatility) 15
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 PAM Mineral Tbk, together with its subsidiary, engages in mining of mineral properties in Indonesia. The company primarily explores, mines, processes, and trades in nickel ores.
Full company description
PT PAM Mineral Tbk, together with its subsidiary, engages in mining of mineral properties in Indonesia. The company primarily explores, mines, processes, and trades in nickel ores. It owns a nickel mining concession area covering 198 hectares located on the coast of central Sulawesi, Laroenai Village, and Bungku District and a concession covering an area of 576 hectares located in Sulawesi Tenggara, Lameruru Village, Langgikima Sub-District, and North Konawe Regency. PT PAM Mineral Tbk was founded in 2008 and is headquartered in Jakarta Pusat, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT PAM Mineral Tbk, reported revenue of 1.5T IDR in FY2025 versus 419B IDR in FY2021, a compound +36.9%/yr. Reported net income was 344B IDR in FY2025, compounding +66.0%/yr from FY2021.
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Peer Group
Other Industrial Metals & Mining · 476 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 Other Industrial Metals & Mining 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.
Insider activity: 40/100
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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 16, 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
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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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