Krakatau Steel (Persero) Tbk PT PKRKY

MaterialsMetals & MiningIndonesia

Last close 3.03 USD on Nov 2, 2026, −47.3% year to date

Quant rating

Quant rating D Rank 207 of 220 in Materials

Growth D 189 of 220
Valuation D 175 of 220
Quality C 111 of 220
Revisions D 193 of 220
Momentum D 185 of 220

Historical valuation

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

Key data

Market cap: 174M
Enterprise value: 1.3B
52-week range: 3.03 – 5.75
3-year range: 3.03 – 5.75
Dividend yield: –
Beta (5 years): –
Shares outstanding: 19,346M
Next earnings: –

About the company

PT Krakatau Steel (Persero) Tbk is engaged in the steel production industry and operates in the city of Cilegon, Banten Province. Its segments include Steel Products, Infrastructure Facility, Engineering and Construction, and Other Services. The Steel Products segment is mainly involved in steel production and selling, including hot rolled coils, cold rolled coils and wire rods, various steel pipes, reinforcing bars and steel wires, scrap and services related to steel, such as coating and tolling services. The Infrastructure Facility segment consists of port management services, real estate and hospitality, electricity, warehouse services, and industrial water supply. The Engineering and Construction segment provides construction and industrial engineering, planning and construction/contractor of various types of buildings, export and import of goods, services and software related to the aforementioned activities. The Other Services segment provides information technology services.

Growth and profitability

Growth and profitability by fiscal year
	2017	2016	2015	2014	2013	5Y avg
Revenue (mil)	960	955	1,454	2,239	2,117	–
Revenue growth	0.5%	−34.3%	−35.0%	5.8%	56.4%	−6.6%
EPS (basic, normalized)	–	−0.01	−0.02	−0.01	–	–
EPS growth	–	–	–	–	–	–
Gross margin	5.3%	11.2%	7.8%	9.0%	9.5%	8.6%
Net margin	33.9%	−16.2%	−9.0%	1.0%	2.3%	2.4%
ROE	61.0%	−33.6%	−23.4%	3.7%	8.5%	3.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	89.4
Current ratio	0.85x
Long-term debt (mil)	867
Net debt (mil)	1,142
Total equity (mil)	678
Net debt / equity	1.68x
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
2017 actual	960	+0.5%	1.4x	–	–	–	–	–	–

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
2018	–	–	–	–	–	–	–	–
2019	–	–	–	–	–	–	–	–
2020	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Metals & Mining

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
PKRKY Krakatau Steel (Persero) Tbk PT	174M	–	33.9%	0.26x	–	–	–	–
ABAT American Battery Technology Company	190M	–	−337.5%	1.49x	−5.7x	−3.4x	−9.0x	−12.9x
NVA Nova Minerals Corp	178M	–	−6,293.2%	20.43x	–	–	–	–
USAU US Gold Corp	174M	1.43x	–	3.87x	−13.0x	–	−10.7x	–
SBMT Silver Bow Mining Corp	164M	–	–	1.70x	−8.9x	−8.4x	−7.1x	−7.9x
FAR Foraco International SA	163M	1.88x	6.0%	1.56x	11.7x	6.1x	4.7x	3.7x
Mean		1.66x	−1,647.7%	4.88x	−4.0x	−1.9x	−5.5x	−5.7x
Median		1.66x	−165.7%	1.63x	−7.3x	−3.4x	−8.1x	−7.9x

Technical analysis

1M–
3M0.0%
1Y−47.3%
3Y−47.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Krakatau Steel (Persero) Tbk PT, fiscal years, most recent first
	2017	2016	2015	2014	2013	2012
Total revenue	960	955	1,454	2,239	2,117	1,354
Cost of revenue	909	848	1,341	2,036	1,915	1,217
Gross profit	50.7	107	113	202	202	137
Selling, general & administrative expenses	123	109	120	124	112	118
Research & development	–	–	–	–	–	–
Depreciation/amortization	13.6	13.9	13.2	9.2	5.8	5.5
Interest expense (income), operating	–	−39.2	–	–	–	–
Unusual expense (income)	−672	0	−0.9	5.2	2.2	−32.6
Other operating expenses	−3.0	−3.7	−12.6	11.1	10.2	−121
Operating income	590	26.7	−7.2	52.8	71.8	167
Net interest income (expense)	−127	−162	−88.1	182	−0.2	−158
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−3.9	−4.9	−7.5	−22.9	−10.3	−1.7
Net income before taxes	459	−140	−103	212	61.3	6.4
Provision for taxes	119	7.9	30.0	186	14.3	−16.2
Minority interest	−14.2	−6.3	1.4	−3.2	0.7	1.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	325	−155	−131	22.9	47.7	23.7
Extraordinary items	–	0	1.1	−3.5	−3.3	–
Net income	325	−155	−130	19.5	44.4	23.7
EBIT, normalized	−82.7	−12.5	−8.0	57.9	74.1	134
EBITDA, normalized	−58.8	9.2	15.0	96.8	119	187
Basic EPS, normalized	–	−0.01	−0.02	−0.01	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Krakatau Steel (Persero) Tbk PT, fiscal years, most recent first
	2017	2016	2015	2014	2013	2012
Assets
Cash & short-term investments	62.0	100	103	78.9	85.0	113
Receivables	137	164	226	374	282	241
Total inventory	213	242	254	277	367	216
Prepaid expenses	85.5	43.6	50.5	47.8	30.5	27.5
Other current assets	87.6	91.9	37.6	295	209	238
Total current assets	586	642	671	1,073	973	835
Property, plant & equipment	1,521	1,571	1,389	1,513	2,221	1,801
Goodwill	–	–	–	–	–	–
Intangibles	39.9	40.3	1.5	2.8	3.3	2.8
Long-term investments	553	540	698	454	289	162
Note receivable	17.9	21.6	27.1	19.9	24.5	24.9
Other long-term assets	47.7	80.7	62.6	100.0	263	660
Total assets	2,766	2,895	2,849	3,162	3,774	3,486
Liabilities
Accounts payable	188	208	232	278	243	161
Payable/accrued	–	–	–	–	–	–
Accrued expenses	150	114	94.5	73.1	101	93.2
Short-term debt	80.2	17.4	17.2	106	236	259
Current portion of long-term debt	169	1,485	1,526	1,716	616	68.0
Other current liabilities	214	390	292	226	291	246
Total current liabilities	801	2,215	2,162	2,400	1,487	827
Long-term debt	842	65.5	13.8	23.5	1,406	1,941
Minority interest	51.6	42.2	−31.0	−41.8	−44.7	−44.2
Other liabilities	398	179	177	187	294	270
Total liabilities	2,092	2,502	2,321	2,568	3,142	2,993
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	988	988	988	988	988	988
Additional paid-in capital	175	175	175	175	175	175
Retained earnings (accumulated deficit)	−2,011	−2,326	−2,179	−2,042	−2,059	−2,193
Treasury stock	–	–	–	–	–	–
Other equity	1,522	1,557	1,544	1,474	1,528	1,524
Total equity	674	393	528	594	632	493
Total liabilities & shareholders' equity	2,766	2,895	2,849	3,162	3,774	3,486

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Krakatau Steel (Persero) Tbk PT, fiscal years, most recent first
	2017	2016	2015	2014	2013	2012
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	–	–	–	–	–	–
Changes in working capital	−97.5	−82.4	−93.1	−106	−106	−107
Cash from operations	−1.8	88.1	164	302	120	69.4
Investing activities
Capital expenditures	−34.7	−25.1	−28.0	−32.7	−77.6	−26.4
Other investing cash flows	14.6	−40.3	257	202	2.9	−177
Cash from investing	−20.1	−65.4	229	169	−74.7	−204
Financing activities
Financing cash flow items	−10.8	−11.1	−24.0	−74.5	−67.7	50.1
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−2.0	−11.3	−325	−396	−4.5	69.4
Cash from financing	−12.8	−22.5	−349	−471	−72.2	119
Foreign exchange effects	−3.6	−2.7	−19.5	−6.4	−0.8	−2.4
Net change in cash	−38.3	−2.4	23.8	−6.1	−27.8	−17.4
Free cash flow	−36.5	63.0	136	269	42.3	43.0

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 2, 2026 after market close.