PT Indo Tambangraya Megah Tbk (ITAYY)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
PT Indo Tambangraya Megah Tbk (ITAYY) with AI Score 48/100 (Weak). PT Indo Tambangraya Megah Tbk (ITAYY) is an Indonesian coal mining company operating multiple concessions in Kalimantan. Market cap: 0, Sector: Energy.
Last analyzed: Mar 18, 2026PT Indo Tambangraya Megah Tbk (ITAYY) Energy Operations & Outlook
PT Indo Tambangraya Megah Tbk (ITAYY) is a prominent player in the Indonesian coal industry, leveraging its extensive mining concessions and operational infrastructure to supply coal across multiple international markets while also diversifying into renewable energy.
Investment Thesis
PT Indo Tambangraya Megah Tbk (ITAYY) presents a robust investment thesis driven by its strategic positioning in the coal industry and diversification into renewable energy. With a market capitalization of $1.68 billion and a P/E ratio of 9.75, the company exhibits strong profitability with a profit margin of 10.2% and a gross margin of 25.7%. The ongoing global demand for coal, particularly in Asia, coupled with Indo Tambangraya's established supply chains, positions it well for revenue growth. Additionally, the company's commitment to renewable energy generation and alternative energy marketing could unlock new revenue streams, aligning with global energy transition trends. The dividend yield of 10.65% further enhances its attractiveness to income-focused investors. However, potential risks include regulatory changes and fluctuating coal prices, which could impact profitability. Overall, Indo Tambangraya's operational strengths and market presence provide a solid foundation for future growth.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $1.68 billion reflects strong market presence.
- P/E ratio of 9.75 indicates attractive valuation relative to earnings.
- Profit margin of 10.2% showcases effective cost management.
- Gross margin of 25.7% exceeds industry averages, highlighting operational efficiency.
- Dividend yield of 10.65% offers significant returns to shareholders.
Competitors & Peers
Strengths
- Strong market position in the Indonesian coal industry.
- Diverse operational capabilities including mining and trading.
- Established infrastructure for efficient coal transportation.
- Solid financial metrics indicating profitability and stability.
Weaknesses
- Dependency on coal market, which faces regulatory challenges.
- Exposure to volatile coal prices impacting revenue stability.
- Limited diversification outside of coal and energy sectors.
- Geopolitical risks associated with international sales.
Catalysts
- Upcoming: Expansion into renewable energy projects to diversify revenue streams.
- Ongoing: Strong demand for coal in Asian markets driving sales growth.
- Ongoing: Operational efficiencies from existing infrastructure enhancing profitability.
Risks
- Potential: Regulatory changes impacting coal mining operations.
- Ongoing: Fluctuating coal prices affecting revenue stability.
- Ongoing: Competition from renewable energy sources posing market challenges.
Growth Opportunities
- Expansion in Asian Markets: Indo Tambangraya is poised to capitalize on the growing demand for coal in Asia, particularly in India and China, where coal consumption is projected to rise. The Asian coal market is expected to grow significantly, with estimates suggesting a compound annual growth rate (CAGR) of around 3% over the next five years. Indo Tambangraya's established supply chains and operational infrastructure position it favorably to meet this demand, potentially increasing its revenue streams.
- Renewable Energy Initiatives: The company is diversifying its portfolio by investing in renewable energy projects, which aligns with global trends towards sustainability. With increasing investments in renewable energy projected to reach $2 trillion by 2030 globally, Indo Tambangraya's strategic initiatives in this area could enhance its market position and open new revenue channels, especially as governments push for cleaner energy solutions.
- Coal Trading Expansion: Indo Tambangraya's coal trading operations are set to benefit from the increasing global trade of coal, particularly in emerging markets. The global coal trade is expected to grow, with demand from Southeast Asia and other regions driving expansion. The company's ability to leverage its existing logistics and trading capabilities can facilitate increased market penetration and revenue growth.
- Infrastructure Development: The ownership of the Bontang Coal Terminal and multiple loading ports provides Indo Tambangraya with a logistical advantage. Continued investment in infrastructure could enhance operational efficiency and reduce transportation costs, thereby improving profit margins. As coal demand increases, optimizing logistics will be crucial for maintaining competitive pricing.
- Strategic Partnerships: Forming strategic alliances with other energy companies could bolster Indo Tambangraya's market position. Collaborations in technology and renewable energy projects can lead to innovative solutions and shared resources, enhancing competitiveness in both coal and renewable sectors. The potential for joint ventures could accelerate growth and diversify revenue streams.
Opportunities
- Growing demand for coal in Asia, particularly in emerging markets.
- Expansion into renewable energy projects to align with global trends.
- Potential for infrastructure development to enhance operational efficiency.
- Strategic partnerships to leverage technology and market access.
Threats
- Increasing environmental regulations impacting coal operations.
- Competition from alternative energy sources and renewables.
- Fluctuations in global coal prices affecting profitability.
- Economic downturns in key markets may reduce demand.
Competitive Advantages
- Extensive mining concessions provide a significant competitive advantage.
- Established infrastructure including ports and terminals enhances logistical capabilities.
- Strong relationships with international buyers ensure consistent demand.
- Diversification into renewable energy mitigates risks associated with coal dependency.
- Experienced management team with deep industry knowledge.
About ITAYY
Founded in 1987, PT Indo Tambangraya Megah Tbk is a leading coal mining company based in South Jakarta, Indonesia. The company operates seven mining concessions on the island of Kalimantan, which encompasses East, Central, and South Kalimantan, allowing it to tap into rich coal reserves. Over the years, Indo Tambangraya has expanded its operations beyond mining to include coal trading, fuel distribution, and alternative energy marketing, positioning itself as a comprehensive energy provider. The company owns and operates critical infrastructure such as the Bontang Coal Terminal, three loading ports, and the Bontang power plant, which enhances its logistical capabilities and market reach. Indo Tambangraya's coal is primarily sold in Indonesia and various international markets including India, Pakistan, Taiwan, China, Hong Kong, Korea, Japan, Europe, Australia, and Oceania. As a subsidiary of Banpu Minerals (Singapore) Pte. Ltd., Indo Tambangraya benefits from the strategic support and resources of its parent company, further solidifying its competitive position in the coal industry. The company employs approximately 2,105 individuals, contributing to the local economy while focusing on sustainable mining practices and renewable energy initiatives.
What They Do
- Engage in coal mining activities across multiple concessions in Kalimantan.
- Operate the Bontang Coal Terminal and three loading ports for efficient coal transport.
- Provide coal and fuel trading services in domestic and international markets.
- Distribute fuel and engage in alternative energy marketing.
- Participate in renewable power generation activities.
- Sell coal to a diverse range of markets including Asia, Europe, and Oceania.
Business Model
- Generate revenue primarily through coal mining and sales.
- Engage in coal trading to capitalize on market fluctuations.
- Provide logistical support and infrastructure services for coal transportation.
- Distribute fuel products to various sectors.
- Invest in renewable energy projects to diversify revenue streams.
Industry Context
The coal industry remains a critical component of the global energy landscape, particularly in Asia where demand for coal continues to be robust due to industrial growth and energy needs. The market for coal is expected to grow, driven by countries like India and China, which rely heavily on coal for electricity generation. Indo Tambangraya Megah Tbk is well-positioned within this landscape, leveraging its extensive mining concessions and operational capabilities to meet both domestic and international demand. The competitive landscape includes several peers such as AAVVF, AKRTF, AKRYY, CESDF, and FSHYF, each vying for market share in a sector facing both opportunities and challenges, particularly regarding environmental regulations and the shift towards renewable energy sources.
Key Customers
- Domestic power generation companies in Indonesia.
- International coal buyers in India, China, and other Asian countries.
- Industrial consumers requiring coal for manufacturing processes.
- Energy companies seeking alternative energy solutions.
- Government and private sectors involved in renewable energy projects.
Financials
Chart & Info
PT Indo Tambangraya Megah Tbk (ITAYY) stock price: Price data unavailable
Latest News
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Basic Materials Roundup: Market Talk
Yahoo! Finance: ITAYY News · Mar 10, 2026
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Stocks That Fell Through 52-Week Lows Wednesday
· Aug 7, 2019
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ITAYY.
Price Targets
Wall Street price target analysis for ITAYY.
MoonshotScore
What does this score mean?
The MoonshotScore rates ITAYY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Classification
Industry CoalCompetitors & Peers
Leadership: Mulianto
CEO
Mulianto has extensive experience in the mining and energy sectors, having held various leadership positions prior to becoming CEO of PT Indo Tambangraya Megah Tbk. With a strong educational background in engineering and business administration, he has been instrumental in guiding the company through periods of growth and transformation. His leadership emphasizes operational efficiency and strategic diversification.
Track Record: Under Mulianto's leadership, Indo Tambangraya has expanded its mining operations and diversified into renewable energy. His strategic decisions have led to improved operational efficiencies and enhanced market competitiveness, positioning the company for future growth.
PT Indo Tambangraya Megah Tbk ADR Information Unsponsored
An American Depositary Receipt (ADR) represents shares in a foreign company, allowing U.S. investors to trade them on U.S. exchanges. ITAYY operates as a Level I ADR, which means it is traded over-the-counter and does not require extensive SEC reporting, making it accessible for investors seeking exposure to Indonesian equities.
- Home Market Ticker: Jakarta, ID
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: ITAY
ITAYY OTC Market Information
The OTC Other tier refers to stocks that trade over-the-counter without the rigorous listing requirements of major exchanges like NYSE or NASDAQ. This tier typically includes smaller companies or foreign entities that may not meet the criteria for higher tiers, leading to less visibility and potentially lower liquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited regulatory oversight compared to companies on major exchanges.
- Potential for lower trading volumes leading to price volatility.
- Less transparency in financial reporting and disclosures.
- Increased risk of fraud or mismanagement in OTC markets.
- Currency exchange risks impacting returns for U.S. investors.
- Review recent financial statements and disclosures.
- Assess the company's market position and competitive landscape.
- Evaluate management's track record and strategic initiatives.
- Monitor regulatory developments affecting the coal industry.
- Understand the implications of currency risk on investments.
- Affiliation with Banpu Minerals (Singapore) Pte. Ltd. enhances credibility.
- Established operational history since 1987 indicates stability.
- Presence in multiple international markets demonstrates diversification.
- Compliance with Indonesian mining regulations and standards.
Common Questions About ITAYY
What does PT Indo Tambangraya Megah Tbk do?
PT Indo Tambangraya Megah Tbk is engaged in coal mining and operates several mining concessions in Kalimantan, Indonesia. The company also provides coal trading, fuel distribution, and alternative energy marketing services. Additionally, it engages in renewable power generation, expanding its footprint in the energy sector.
What do analysts say about ITAYY stock?
Analysts generally view ITAYY as a solid player in the coal industry, noting its strong market position and profitability metrics. Key valuation metrics include a P/E ratio of 9.75 and a profit margin of 10.2%. Growth considerations focus on the company's ability to navigate regulatory challenges and capitalize on the rising demand for coal in Asia.
What are the main risks for ITAYY?
Main risks for PT Indo Tambangraya Megah Tbk include potential regulatory changes that could impact coal mining operations, fluctuating coal prices which can affect revenue stability, and competition from renewable energy sources that may pose challenges to traditional coal markets. Additionally, geopolitical factors could influence international sales.
What are the key factors to evaluate for ITAYY?
PT Indo Tambangraya Megah Tbk (ITAYY) currently holds an AI score of 48/100, indicating low score. Key strength: Strong market position in the Indonesian coal industry.. Primary risk to monitor: Potential: Regulatory changes impacting coal mining operations.. This is not financial advice.
How frequently does ITAYY data refresh on this page?
ITAYY prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven ITAYY's recent stock price performance?
Recent price movement in PT Indo Tambangraya Megah Tbk (ITAYY) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Strong market position in the Indonesian coal industry.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider ITAYY overvalued or undervalued right now?
Determining whether PT Indo Tambangraya Megah Tbk (ITAYY) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying ITAYY?
Before investing in PT Indo Tambangraya Megah Tbk (ITAYY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
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- Data is based on the latest available information and may be subject to change.