Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

ITMG IJ Q4 FY24: Coal Price Decline Squeezes Margins, FY25 Costs To Increase

Indo Tambangraya Megah (ITMG IJ) Q1 FY25: Solid Despite The Coal Price Drop

Indo Tambangraya Megah (ITMG IJ): 50% of Mkt Cap in Cash, 12% Yield

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

Indo Tambangraya Megah / Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/indo-tambangraya-megah-tbk-p" target="_blank" data-smartkarma-citation="entities:15891:1" rel="noopener">Indo Tambangraya Megah (ITMG IJ)</a> recently announced a 10% buyback, reaffirming our bullish stance on the company. With 67% of its market capitalization in cash, it can be easily accomplished. </li>
<li>The company can also maintain its 65% payout ratio, which equates to an 8% yield on net profits of $180-200 million USD for FY25. </li>
<li>We now look to November 3rd, 2025, as the next catalyst, when the shareholder meeting (GMS) will be held to vote on the buyback, among other decisions.</li>
</ul>



Indo Tambangraya Megah (ITMG IJ) recently announced a 10% buyback, reaffirming our bullish stance on the company. With 67% of its market capitalization in cash, it can be easily accomplished. 
The company can also maintain its 65% payout ratio, which equates to an 8% yield on net profits of $180-200 million USD for FY25. 
We now look to November 3rd, 2025, as the next catalyst, when the shareholder meeting (GMS) will be held to vote on the buyback, among other decisions.


Indo Tambangraya Megah (ITMG IJ): 10% Buy Back A Major Catalyst, Cash 67% of Mkt Cap