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PT TIMAH Tbk (TINS) Fair Value & Analysis

Basic Materials · ID · Market cap 26.7T IDR

PT PT TIMAH Tbk TINS · JK
Price3,860 IDR
Fair Value2,595 IDR
Upside-32.8%
Quality67/100
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Weak Growth
Solidly profitable · 18.1% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 69/100
Evidence: High Range 1,604 IDR – 3,748 IDR Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from 2,593 IDR to 2,595 IDR (+0.1%) since Jun 24, 2026. Share price +17.0% over the past month.

A solid business, but screening 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (3,748 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1,604 IDR to 3,748 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4,491 IDR 501.36 IDR Fair Value 2,595 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 501.36 IDR – 4,491 IDR · fair‑value band 1,604 IDR – 3,748 IDR · the 3,860 IDR price screens above the 2,595 IDR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT TIMAH Tbk (TINS) currently trades at 3,860 IDR, while our model-based Fair Value estimate is 2,595 IDR, implying the stock looks roughly 32.8% overvalued today. The Quality Score stands at 67/100 (solid 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 TIMAH Tbk generated revenue of 14.9T IDR at a net margin of 18.1%. Revenue grew 160.5% year over year. It earns a return on equity of 30.7%. The balance sheet holds a net cash position of 85.2B IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1,604 IDR (bear case) to 3,748 IDR (bull case); at 3,860 IDR, the current price sits above 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 18% below its 52-week high and 294% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -33%, TINS 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 BearBaseBull Evidence
Highest evidence
Growth DCF 1,194 IDR 1,731 IDR 2,531 IDR 80
Residual Income 1,211 IDR 1,572 IDR 4,488 IDR 76
Rev-Margin DCF 1,502 IDR 2,407 IDR 3,427 IDR 74
All 26 models by family
DCF Models
FCF DCF 1,169 IDR 1,764 IDR 2,704 IDR 38
Owner Earnings 3,003 IDR 4,640 IDR 7,225 IDR 31
5Y Revenue Exit 1,502 IDR 2,415 IDR 3,580 IDR 39
5Y EBITDA Exit 2,031 IDR 3,395 IDR 4,981 IDR 41
5Y P/E Exit 1,798 IDR 2,963 IDR 4,177 IDR 38
10Y Revenue Exit 1,325 IDR 2,142 IDR 3,236 IDR 36
10Y EBITDA Exit 1,720 IDR 2,834 IDR 4,320 IDR 37
10Y P/E Exit 1,568 IDR 2,529 IDR 3,698 IDR 35
Earnings-Based
Graham-Dodd 1,199 IDR 3,529 IDR 4,666 IDR 54
Lynch FV 738.32 IDR 1,055 IDR 1,371 IDR 50
PEG = 1.0 738.32 IDR 1,055 IDR 1,371 IDR 46
EPV 1,971 IDR 2,297 IDR 2,587 IDR 59
Dividend Discount
Gordon GGM 612.96 IDR 1,338 IDR 2,252 IDR 70
DDM Multi-Stage 612.96 IDR 1,008 IDR 1,395 IDR 61
Multiples
P/E Multiple 2,249 IDR 2,998 IDR 3,748 IDR 63
P/S Multiple 1,745 IDR 2,327 IDR 2,908 IDR 58
P/B Multiple 2,249 IDR 2,998 IDR 3,748 IDR 55
EV/EBIT 2,684 IDR 3,538 IDR 4,392 IDR 53
EV/EBITDA 2,767 IDR 3,649 IDR 4,531 IDR 54
EV/Revenue 1,750 IDR 2,448 IDR 3,146 IDR 43
Asset-Based
NCAV (Graham) 564.49 IDR 756.42 IDR 1,129 IDR 50
Growth DCF
Growth DCF 1,194 IDR 1,731 IDR 2,531 IDR 80
Rev-Margin DCF 1,502 IDR 2,407 IDR 3,427 IDR 74
Economic Profit
Residual Income 1,211 IDR 1,572 IDR 4,488 IDR 76
ROIC Compounder 2,099 IDR 2,647 IDR 3,300 IDR 72
Growth Earnings
Growth-Adj P/E 1,866 IDR 2,666 IDR 3,466 IDR 68

Widest divergence: Multiples (2,998 IDR) versus Asset-Based (756.42 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 14.9T IDR
Revenue growth (YoY) +161%
Net margin 18.1%
Return on equity 30.7%
Free cash flow 661B IDR FY2025
P/E ratio 9.0
More key figures
Operating margin 34.4%
EPS (TTM) 362.00 IDR
EPS growth (YoY) +1,184%
Net cash 85.2B IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 62 · Market factors (momentum, volatility) 68

Profitability 54
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 90
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 TIMAH Tbk engages in tin mining and smelting operations in Indonesia and internationally. It operates through Tin Mining, Coal Mining, Construction, Industry, and Other segments. The company offers Banka, Kundur, and Mentok tin, as well as tin solder and chemical products; and non-tin products, such as coal, nickel, and quartz sand.

Full company description

PT TIMAH Tbk engages in tin mining and smelting operations in Indonesia and internationally. It operates through Tin Mining, Coal Mining, Construction, Industry, and Other segments. The company offers Banka, Kundur, and Mentok tin, as well as tin solder and chemical products; and non-tin products, such as coal, nickel, and quartz sand. It is also involved in the provision of workshop, construction, shipping dockyards, real estate development, and transportation; marketing coal; and trading activities. In addition, the company provides engineering and ship repair services, such as maritime vessel maintenance, shipbuilding, rental and purchase of maritime products, and other shipyard services. Further, it offers reclamation and agribusiness services, including agriculture, livestock, fisheries, trade essential oil industry, and agro-tourism services. The company was founded in 1976 and is headquartered in Bangka, Indonesia. PT TIMAH Tbk operates as a subsidiary of PT Mineral Industri Indonesia (Persero).

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT TIMAH Tbk reported revenue of 11.6T IDR in FY2025 versus 14.6T IDR in FY2021, a compound −5.7%/yr. Reported net income was 1.3T IDR in FY2025, compounding +0.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
11.6T IDR
Latest YoY
+6.4%
Avg. growth/yr (3Y)
−2.6%
Avg. growth/yr (5Y)
−5.4%
Avg. growth/yr (25Y)
+8.1%
Revenue −5.7%/yr
FY21 14.6T IDR
FY22 12.5T IDR
FY23 8.4T IDR
FY24 10.9T IDR
FY25 11.6T IDR
Net income +0.2%/yr
FY21 1.3T IDR
FY22 1.0T IDR
FY23 −450B IDR
FY24 1.2T IDR
FY25 1.3T IDR

TINS screens 33% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "PT TIMAH Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TINS

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.

Quality Score 67 · Top 25%
Fair Value upside −33% · Below median
Return on equity (TTM) 31% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 34% · Top 25%
Revenue growth 161% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.10× · Higher than median

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

P/E (TTM) 9.9× · Cheaper than 75% of peers
P/B 3.18× · Pricier than 75% of peers
P/S (TTM) 1.79× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 6.0× · Cheaper than median

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 0 · sector 0
FUTURE 100 · sector 23
PAST 100 · sector 0
HEALTH 95 · sector 96
DIVIDEND 0 · sector 21

VALUE 0: the price sits above our fair-value range.

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 17, 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 TIMAH Tbk (TINS) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 2,595 IDR versus a price of 3,860 IDR, about −33% (overvalued).
What is the fair value of TINS?
Our model-based fair value for PT TIMAH Tbk is 2,595 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 3,860 IDR.
What is the quality score of TINS?
PT TIMAH Tbk has a Quality Score of 67/100. 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 TIMAH Tbk (TINS)?
PT TIMAH Tbk reported trailing-twelve-month revenue of about 14.9T IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of TINS?
The net profit margin of PT TIMAH Tbk is about 18.1%, meaning it keeps roughly 18.1% 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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