PT Alamtri Resources Indonesia Tbk

IDX:ADRO Stock Report

Market Cap: Rp73.7t

Alamtri Resources Indonesia Valuation

Is ADRO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ADRO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ADRO (IDR2560) is trading below our estimate of future cash flow value (IDR15258.06)

Significantly Below Future Cash Flow Value: ADRO is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADRO?

Key metric: As ADRO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ADRO. This is calculated by dividing ADRO's market cap by their current earnings.
What is ADRO's PE Ratio?
PE Ratio8.3x
EarningsUS$499.13m
Market CapUS$4.13b

Price to Earnings Ratio vs Peers

How does ADRO's PE Ratio compare to its peers?

The above table shows the PE ratio for ADRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
DSSA Dian Swastatika Sentosa
38.8xn/aRp160.9t
BUMI Bumi Resources
31.7x77.75%Rp67.6t
AADI Adaro Andalan Indonesia
6x8.66%Rp75.7t
UNTR United Tractors
10.8x22.25%Rp82.3t
ADRO Alamtri Resources Indonesia
8.3x17.75%Rp73.7t

Price-To-Earnings vs Peers: ADRO is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (21.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ADRO's PE Ratio compare vs other companies in the ID Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CNKO Exploitasi Energi Indonesia
1.7xn/aUS$18.56m
No more companies available in this PE range
ADRO 8.3xIndustry Avg. 16.2xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADRO is good value based on its Price-To-Earnings Ratio (8.3x) compared to the ID Oil and Gas industry average (16.2x).

Price to Earnings Ratio vs Fair Ratio

What is ADRO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: ADRO is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ADRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp2,560.00
Rp3,101.57
+21.16%
21.80%Rp4,214.72Rp1,500.16n/a12
Aug ’27Rp2,460.00
Rp3,114.16
+26.59%
21.58%Rp4,219.68Rp1,501.92n/a12
Jul ’27Rp2,260.00
Rp3,045.04
+34.74%
22.65%Rp4,206.70Rp1,497.30n/a12
Jun ’27Rp2,300.00
Rp2,945.81
+28.08%
26.24%Rp4,169.18Rp1,519.28n/a12
May ’27Rp2,520.00
Rp2,728.19
+8.26%
25.44%Rp3,649.17Rp1,494.42n/a10
Apr ’27Rp2,490.00
Rp2,668.98
+7.19%
25.31%Rp3,549.63Rp1,487.46n/a10
Mar ’27Rp2,340.00
Rp2,406.22
+2.83%
24.27%Rp3,357.60Rp1,477.34n/a12
Feb ’27Rp2,210.00
Rp2,470.59
+11.79%
22.42%Rp3,396.00Rp1,494.24n/a12
Jan ’27Rp1,810.00
Rp2,401.52
+32.68%
20.13%Rp3,343.80Rp1,471.27n/a11
Dec ’26Rp1,820.00
Rp2,309.69
+26.91%
20.55%Rp3,341.80Rp1,470.39n/a13
Nov ’26Rp1,885.00
Rp2,302.81
+22.17%
20.59%Rp3,324.40Rp1,462.74n/a13
Oct ’26Rp1,670.00
Rp2,210.23
+32.35%
17.58%Rp3,062.32Rp1,489.33n/a13
Sep ’26Rp1,720.00
Rp2,650.81
+54.12%
31.25%Rp4,239.71Rp1,725.47n/a13
Aug ’26Rp1,865.00
Rp2,650.43
+42.11%
29.91%Rp4,228.62Rp1,720.95Rp2,460.0014
Jul ’26Rp1,830.00
Rp2,685.26
+46.74%
28.08%Rp4,187.86Rp1,704.36Rp2,260.0014
Jun ’26Rp2,200.00
Rp2,891.09
+31.41%
29.88%Rp4,507.30Rp1,776.60Rp2,300.0016
May ’26Rp1,900.00
Rp2,916.28
+53.49%
29.92%Rp4,548.13Rp1,792.69Rp2,520.0016
Apr ’26Rp1,845.00
Rp3,021.52
+63.77%
27.56%Rp4,537.17Rp1,953.96Rp2,490.0017
Mar ’26Rp2,070.00
Rp3,392.97
+63.91%
23.84%Rp4,485.11Rp1,997.02Rp2,340.0018
Feb ’26Rp2,330.00
Rp3,345.13
+43.57%
24.12%Rp4,482.64Rp1,995.92Rp2,210.0017
Jan ’26Rp2,430.00
Rp3,475.91
+43.04%
20.73%Rp4,420.72Rp2,129.69Rp1,810.0016
Dec ’25Rp2,080.00
Rp3,593.33
+72.76%
20.96%Rp4,737.66Rp1,996.47Rp1,820.0018
Nov ’25Rp3,790.00
Rp3,685.16
-2.77%
16.87%Rp4,699.98Rp2,043.47Rp1,885.0018
Oct ’25Rp3,920.00
Rp3,442.37
-12.18%
16.28%Rp4,113.73Rp1,875.38Rp1,670.0018
Sep ’25Rp3,560.00
Rp3,273.37
-8.05%
19.10%Rp4,141.94Rp1,916.42Rp1,720.0015
Aug ’25Rp3,250.00
Rp3,208.46
-1.28%
17.42%Rp4,345.62Rp2,010.66Rp1,865.0015
Rp3.1k
Fair Value
17.5% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/19 17:08
End of Day Share Price 2026/08/19 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Alamtri Resources Indonesia Tbk is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ephrem RaviBarclays
Tansino Aulia LubisBofA Global Research
Swati ChopraBofA Global Research