ENTITY
Indo Tambangraya Megah

Indo Tambangraya Megah (ITMG IJ)

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Analysis
EnergyIndonesia
PT Indo Tambangraya Megah Tbk operates as a coal exploration and mining company that provides energy and electricity support. The Company operates in Indonesia and supplies coal to the world energy market.
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19 Dec 2024 09:00

Indo Tambangraya Megah (ITMG IJ): 50% of Mkt Cap in Cash, 12% Yield

We summarize ITMG IJ's value proposition. The company has 926 mn USD in net cash, ~50% of its market capitalization, and is trading at 5.5x PE,...

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12 Jun 2024 09:00

Indo Tambangraya Megah (ITMG IJ): Pure Coal Play at 4.5x PE, 50% of the Market Cap in Cash

We summarize ITMG's recent results in Q1 FY24 and the company's outlook over the year. The stock trades at 4.5x PE with a 15% yield and over 50% of...

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06 Sep 2024 11:47

ITMG IJ: Steady Coal Prices, Mine Life Upgrade, 43% of the Mkt Cap in Cash and 11% Dividend Yield

We highlight the mine life upgrade for ITMG IJ, our expectations for a better sequential H2 2024, the 860 mn USD net cash position and 11% dividend...

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05 Mar 2024 08:00

ITMG IJ: Q4 2023 Inline, Deep Value, 45% of the Mkt Cash and ~11% Dividend Yield on Spot

We summarize the results of ITMG for FY23 and the outlook for FY24. For a 130-150$/ton coal price range the stock trades at 4-6x PE with a 11-15%...

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bullishWhitehaven Coal
20 Oct 2023 09:00

Whitehaven Coal: Great Acquisition, Cash Gone, Now At The Mercy of The Cycle

We provide our take on the recent acquisition of the coal assets of BHP by Whitehaven Coal. By consuming all its cash and taking on debt, the...

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