Bumi Resources Tbk PT PBMRY

EnergyCoalIndonesia

Last close 1.42 USD on Nov 3, 2026, −42.2% year to date

Quant rating

Quant rating D Rank 108 of 113 in Energy

Growth D 90 of 113
Valuation D 105 of 113
Quality C 66 of 113
Revisions D 91 of 113
Momentum D 110 of 113

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.5B
Enterprise value: 4.3B
52-week range: 1.42 – 5.39
3-year range: 1.00 – 5.39
Dividend yield: –
Beta (5 years): –
Shares outstanding: 371,335M
Next earnings: –

About the company

PT Bumi Resources Tbk is an Indonesia-based natural resources company. The Company is engaged in mining activities. Its business activities are focused on two main lines of business, namely coal and non-coal/minerals. Its products and services are categorized into five core business segments: holding company, coal, services, oil and gas, and gold. The Coal segment includes coal mining activities, comprising exploration and exploitation of coal deposits (including mining and selling coal). The Oil and gas segment is involved in activity of oil and gas activities that are under exploration stage. The Minerals segment is engaged in the activity of gold is under exploration stage. It owns coal reserves and coal resources in Indonesia. It has operational areas spread across North Sumatra (Dairi Prima Mineral), South Sumatra (Pendopo Energi Batubara), Sulawesi (Gorontalo Minerals and Citra Palu Minerals), East Kalimantan (Kaltim Prima Coal), and South Kalimantan (Arutmin Indonesia).

Growth and profitability

Growth and profitability by fiscal year
	2014	2013	2012	2011	2010	5Y avg
Revenue (mil)	1,425	1,360	1,680	1,830	1,008	–
Revenue growth	4.8%	−19.1%	−8.2%	81.5%	27.6%	12.5%
EPS (basic, normalized)	−0.03	−0.06	−0.06	0.02	0.03	–
EPS growth	–	–	–	−33.3%	–	–
Gross margin	17.5%	12.5%	8.2%	20.3%	20.0%	15.7%
Net margin	5.7%	5.0%	0.7%	28.7%	16.7%	11.3%
ROE	5.2%	4.5%	1.1%	99.7%	–	27.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	180
Current ratio	1.29x
Long-term debt (mil)	646
Net debt (mil)	1,850
Total equity (mil)	1,665
Net debt / equity	1.11x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2014 actual	1,425	+4.8%	3.0x	–	–	–	−0.03	+50.0%	−50.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2015	–	–	–	–	–	–	–	–
2016	–	–	–	–	–	–	–	–
2017	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Jun 2013	Sep 2013	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	794	–	–	–	–	–	–	–	–
Sales mean (mil)	–	969	–	–	–	–	–	–	–	–
Surprise	–	−18.0%	–	–	–	–	–	–	–	–
EPS reported	−0.02	−0.01	–	–	–	–	–	–	–	–
EPS mean	−0.01	−0.01	–	–	–	–	–	–	–	–
Surprise	−200.0%	−20.0%	–	–	–	–	–	–	–	–

Peer comparison Coal

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PBMRY Bumi Resources Tbk PT	2.5B	–	5.7%	1.48x	–	–	–	–
ADOOY Alamtri Resources Indonesia Tbk PT	3.7B	0.51x	23.9%	0.73x	331.0x	286.1x	4.0x	3.2x
ARLP Alliance Resource Partners LP	3.4B	1.08x	14.0%	1.82x	10.7x	8.8x	5.4x	5.2x
BTU Peabody Energy Corp	2.5B	−0.30x	−1.4%	0.78x	−53.0x	7.3x	5.4x	2.8x
TBNGY Bukit Asam (Persero) Tbk PT	1.9B	−0.41x	6.9%	1.27x	165.1x	154.5x	4.1x	4.0x
BNPJY Banpu Public Company Limited	1.7B	–	−0.9%	0.44x	–	–	–	–
Mean		0.22x	8.0%	1.09x	113.4x	114.2x	4.7x	3.8x
Median		0.10x	6.3%	1.02x	87.9x	81.7x	4.7x	3.6x

Technical analysis

1M−28.8%
3M−36.5%
1Y−5.0%
3Y−1.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Bumi Resources Tbk PT, fiscal years, most recent first
	2014	2013	2012	2011	2010	2009
Total revenue	1,425	1,360	1,680	1,830	1,008	790
Cost of revenue	1,176	1,190	1,543	1,459	806	699
Gross profit	249	169	137	371	202	91.9
Selling, general & administrative expenses	106	107	79.5	146	76.3	62.0
Research & development	–	–	–	–	–	–
Depreciation/amortization	1.8	1.1	1.0	1.4	1.6	1.5
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	45.3	18.6	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	141	61.1	11.5	205	124	28.5
Net interest income (expense)	54.3	85.7	80.2	492	67.3	−167
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−14.5	−24.9	−9.4	−2.9	99.9	−184
Net income before taxes	181	122	82.4	694	291	−322
Provision for taxes	55.6	28.2	49.9	116	67.7	14.9
Minority interest	−41.3	−22.7	−16.0	−31.4	−55.4	−0.7
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	84.2	71.0	16.4	547	168	−338
Extraordinary items	–	–	–	–	–	–
Net income	84.2	71.0	16.4	547	168	−338
EBIT, normalized	141	61.1	56.8	223	124	28.5
EBITDA, normalized	186	101	101	261	164	67.0
Basic EPS, normalized	−0.03	−0.06	−0.06	0.02	0.03	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Bumi Resources Tbk PT, fiscal years, most recent first
	2014	2013	2012	2011	2010	2009
Assets
Cash & short-term investments	119	52.5	76.8	180	221	56.1
Receivables	164	269	183	255	288	226
Total inventory	47.1	40.9	21.6	39.1	30.5	27.3
Prepaid expenses	216	191	197	10.6	12.3	11.7
Other current assets	191	219	227	288	224	75.8
Total current assets	736	773	705	773	776	397
Property, plant & equipment	2,115	2,047	2,067	2,043	1,995	1,745
Goodwill	115	48.4	48.4	48.4	48.4	–
Intangibles	–	–	–	–	–	–
Long-term investments	892	966	901	1,107	944	686
Note receivable	105	82.1	231	211	123	132
Other long-term assets	255	248	250	306	337	469
Total assets	4,219	4,163	4,203	4,488	4,224	3,429
Liabilities
Accounts payable	136	214	181	113	171	222
Payable/accrued	–	–	–	–	–	–
Accrued expenses	304	272	360	447	882	634
Short-term debt	0	137	87.2	0	30.0	0
Current portion of long-term debt	51.7	50.5	42.1	37.9	1,346	25.5
Other current liabilities	97.5	95.6	115	325	448	418
Total current liabilities	588	768	785	923	2,877	1,299
Long-term debt	402	287	373	541	498	1,693
Minority interest	1,273	1,254	1,232	1,240	1,127	731
Other liabilities	341	243	270	206	202	305
Total liabilities	2,603	2,553	2,660	2,910	4,704	4,027
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	2,932	2,932	2,932	2,932	1,899	1,853
Additional paid-in capital	−231	2,052	2,053	2,053	1,534	1,580
Retained earnings (accumulated deficit)	−1,086	−3,375	−3,442	−3,407	−3,914	−4,032
Treasury stock	–	–	–	–	–	–
Other equity	0	0	0	0	0	0
Total equity	1,615	1,610	1,543	1,578	−481	−599
Total liabilities & shareholders' equity	4,219	4,163	4,203	4,488	4,224	3,429

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Bumi Resources Tbk PT, fiscal years, most recent first
	2014	2013	2012	2011	2010	2009
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	−310	−353	−437	−585	−128	−102
Cash from operations	58.6	−5.1	−116	−594	−74.4	−17.5
Investing activities
Capital expenditures	−72.2	−22.3	−51.3	−129	−233	−2.7
Other investing cash flows	−186	−26.2	93.3	−82.6	60.4	11.7
Cash from investing	−258	−48.5	42.0	−212	−173	9.0
Financing activities
Financing cash flow items	151	−13.8	−110	1,618	242	–
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	115	43.6	193	−965	170	20.1
Cash from financing	266	29.7	82.8	653	412	20.1
Foreign exchange effects	−0.6	−0.4	0	−0.4	−0.1	0
Net change in cash	66.1	−24.3	9.0	−153	165	11.5
Free cash flow	−13.5	−27.4	−167	−723	−307	−20.2

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.