- Adaro Energy reported a net income of $778.8 million for the first half of 2024, which is an 11% decrease compared to last year.
- The company’s revenue stood at $2.97 billion, showing a 15% decline year-over-year.
- Revenue from coal mining and trading activities (excluding intersegment revenue) was $2.94 billion, down 13% from the previous year.
- Mining services revenue dropped significantly to $282 million, a 42% decrease compared to the same period last year.
- Earnings per share (EPS) were reported at 2.530 cents, compared to 2.8230 cents last year.
- Adaro Energy‘s stock has 13 buy recommendations, 12 hold recommendations, and 1 sell recommendation from analysts.
A look at Adaro Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have given Adaro Energy high scores across the board, with top marks for Dividend, Growth, Resilience, and Momentum, indicating a positive long-term outlook. Adaro Energy‘s strong performance in these key areas suggests a promising future for the company. With a solid track record in value creation and a focus on sustainable growth, Adaro Energy is well-positioned to weather market challenges and capitalize on opportunities in the coal mining sector.
PT Adaro Energy Tbk, a coal mining company, is rated highly in areas such as Dividend, Growth, Resilience, and Momentum according to Smartkarma’s Smart Scores. The company and its subsidiaries are actively involved in coal mining, trading, coal infrastructure, logistics, and mining contractor services. This diversified business approach, coupled with strong scores in key performance areas, bodes well for Adaro Energy‘s prospects in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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