` Comparison: PTBA vs EXX - Alpha Spread

PTBA
vs
E
EXX

Over the past 12 months, PTBA has underperformed EXX, delivering a return of -6% compared to the EXX's +16% growth.

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PTBA
EXX
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Valuation Comparison

PTBA Intrinsic Value
1 703.72 IDR
Overvaluation 33%
Intrinsic Value
Price
E
EXX Intrinsic Value
16 929.83 Zac
Overvaluation 9%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Bukit Asam Tbk PT
IDX:PTBA
2 550 IDR
E
Exxaro Resources Ltd
JSE:EXX
18 683 Zac
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Valuation Scenario:
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Growth Comparison

Growth Over Time
PTBA, EXX

PTBA
EXX
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Bukit Asam Tbk PT
Revenue
E
Exxaro Resources Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
PTBA, EXX

PTBA
EXX
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Bukit Asam Tbk PT
IDX:PTBA
E
Exxaro Resources Ltd
JSE:EXX
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What is Free Cash Flow?

Gross Margin

PTBA
14.2%
EXX
86.7%

Operating Margin

PTBA
7.4%
EXX
19.4%

Net Margin

PTBA
7.5%
EXX
19.3%

FCF Margin

PTBA
6%
EXX
13.4%

ROE

PTBA
16%
EXX
15.2%

ROA

PTBA
7.9%
EXX
8.7%

ROIC

PTBA
8.1%
EXX
9.1%

ROCE

PTBA
11.5%
EXX
9.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PTBA, EXX

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Performance Gap
PTBA, EXX

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PTBA
EXX
Difference
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Performance By Year
PTBA, EXX

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PTBA
EXX
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