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    Non-energy minerals

  3. •

    Other metals/Minerals
PT TIMAH (Persero) Tbk

PT TIMAH (Persero) Tbk

0.27
USD
+0.08
(+44.23%)
0.03EPS
7.60P/E
1.53BMarket Cap
Oct 30Next Earn
PT TIMAH (Persero) Tbk
OTC:PTTMF
(OTC Markets)

Recent

price

0.27

P/E

ratio

7.60

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
1,119.7
1,091.61
988.64
785.8
1,009.43
922.99
935.62
1,237.58
1,479.19
2,596.97
2,043.03
1,961.26
1,678.94
1,126.77
1,457.68
1,551.17
2,347.92
Revenue per Share
127.28
120.41
57.95
77.95
90.36
13.64
33.81
67.46
17.76
-82.08
-45.73
174.92
139.84
-60.38
167.75
176.38
484.59
Basic EPS, GAAP
44.79
-47.3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
21.06
- -
60.2
- -
- -
- -
- -
- -
23.61
25.02
- -
- -
61.22
41.95
- -
63.72
- -
Dividend per Share
564.3
617.29
651.62
592.42
604.17
721.16
759.08
811.67
825.51
706.01
663.29
847
945.47
848.54
1,018.64
1,128.98
1,416.16
Book Value per Share
564.3
617.29
651.62
592.42
604.17
721.16
759.08
811.67
825.51
706.01
663.29
847
945.47
848.54
1,018.64
1,128.98
1,416.16
Tangible Book Value per Share
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
7,448
Basic Weighted Avg Shares
8,339,254
8,130,051
7,363,168
5,852,453
7,518,010
6,874,192
6,968,294
9,217,160
11,016,677
19,341,569
15,215,980
14,607,003
12,504,297
8,391,907
10,856,422
11,552,733
17,486,698
Sales/Revenue/Turnover
15.74
15.49
7.99
12.34
12.69
1.16
7.07
8.31
1.22
-0.65
0.96
14.52
10.96
-4.44
16.55
14.99
26.43
Operating Margin (%)
- -
26,428
37,781
33,034
30,466
17,123
24,021
26,382
33,384
54,664
48,935
44,241
51,237
55,845
52,907
47,467
45,016
Depreciation Expense
947,958
896,780
431,575
580,544
673,005
101,583
251,832
502,430
132,295
-611,284
-340,599
1,302,795
1,041,484
-449,690
1,249,347
1,313,630
3,609,096
Net Income, GAAP
15.91
29.48
33.68
29.66
34.33
39.61
31.79
28.94
7.64
- -
- -
24.61
25.95
- -
24.61
25.1
23.68
Effective Tax Rate (%)
11.37
11.03
5.86
9.92
8.95
1.48
3.61
5.45
1.2
-3.16
-2.24
8.92
8.33
-5.36
11.51
11.37
20.64
Profit Margin (%)
2,839,408
3,162,728
2,969,858
2,770,871
2,982,809
2,445,246
2,176,675
3,646,277
2,381,232
348,870
692,099
1,738,055
3,087,622
1,527,451
3,363,264
3,957,808
5,912,505
Working Capital
- -
- -
- -
- -
- -
- -
- -
1,500,000
1,500,000
2,101,830
2,449,388
1,434,498
2,244,711
1,268,799
1,232,833
805,255
539,653
LT Debt
4,203,075
4,597,795
4,853,457
4,412,278
4,499,801
5,371,068
5,653,685
6,045,331
6,148,352
5,258,405
4,940,136
6,308,420
7,041,903
6,319,974
7,586,938
8,408,739
10,547,605
Total Equity
25.7
17.85
7.73
9.33
10.29
0.7
4.56
6.37
1.45
- -
- -
12.78
9.95
- -
14.21
13.67
32.85
Return on Invested Capital (%)
22.8
18.41
8.63
11.03
11.79
2.47
4.42
7.51
3.71
- -
- -
13.34
11.03
- -
14.26
14.19
35.28
Return on Capital (%)
24.84
20.38
9.13
12.53
15.1
2.06
4.57
8.59
2.17
-10.72
-6.68
23.16
15.6
-6.73
17.97
16.43
39.69
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
821,107
598,356
649,442
LT Borrowings
805,255
522,916
539,653
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,448
7,448
7,448
Market Capitalization
26,830,632
- -
27,414,951

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,783,027
8,310,438
9,568,973
Cash, Cash Equivalents & STI
1,711,598
3,164,311
4,521,838
Accounts Receivable, Net
1,674,431
1,939,814
1,577,648
Inventories
2,929,791
2,752,934
2,965,133
Total Current Liabilities
2,825,219
3,008,353
3,656,468
Payables & Accruals
- -
- -
- -
ST Debt
821,107
598,356
649,442
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.33%
11.99%
10.83%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-145.1%
-203.68%
5.15%
Sales/Revenue/Turnover
9.19%
-3.1%
6.41%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,056,597
3,155,298
3,042,909
2,601,618
10,856,422
2025
2,097,892
2,121,979
- -
4,944,993
11,552,733
2026
5,465,058
4,954,668
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.97
54.37
63.69
37.31
167.75
2025
15.69
24.6
- -
95.49
176.38
2026
201.5
162.99
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
63.72
2026
- -
- -
- -
- -
- -
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Business
PT TIMAH Tbk PT TIMAH Tbk engages in integrated tin mining, smelting, processing, and marketing operations primarily in Indonesia, serving global markets including listing on the London Metal Exchange. The company produces high-grade tin metal ingots under brands such as Banka, Mentok, and Kundur; tin solder bars; tin chemical products; and non-tin commodities including coal, nickel, and quartz sand, with all outputs subjected to rigorous quality controls meeting ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards as well as LME BS EN 610:1996 specifications verified by independent surveyors like PT Sucofindo. It operates through segments encompassing tin mining, industry, construction, coal mining, and other activities, with subsidiaries providing workshop and shipbuilding services, engineering and ship repair including maritime vessel maintenance and maritime product rentals, real estate development, transportation, reclamation, and agribusiness encompassing agriculture, livestock, fisheries, essential oil trade, and agro-tourism. Founded in 1976 and headquartered in Pangkalpinang, Bangka Belitung Province, Indonesia, PT TIMAH Tbk conducts operations across Bangka Belitung Province, Riau Province, South Kalimantan, Southwest Sulawesi, and Cilegon, Banten, while serving as a holding company for its business group and functioning as a subsidiary of PT Mineral Industri Indonesia (Persero). The company targets industrial customers worldwide in electronics, soldering, chemicals, and energy sectors through its export-oriented tin products and diversified non-tin minerals. In recent developments, PT TIMAH Tbk established a strategic partnership with Yunnan Tin Company in 2024 to enhance supply chain efficiency from mining through refining and trading, boost production capacity via technical expertise sharing, and expand access to international markets including potential rare earth elements opportunities. Discussions continue into 2025 on deepening this collaboration, which could influence global tin prices and support strategic mineral development under government mandates, alongside initiatives to process previously discarded slime heavy particles (SHP) for value recovery and a 2025 tin production target of 21,545 metric tons. These efforts reflect ongoing operational enhancements and downstream expansions, including tin chemical plant advancements since 2009 and joint ventures for reserve growth such as in Nigeria.