PTBA, ITMG dan ADRO, Which one is the best

DATA untuk analisa:

Date: 01-04-10 FINANCIAL RATIO COMPARISON 2009
Sector: COAL MINING
Ranked by: ROE
www.investdata.net

|-- ---- ------- --- --- --- ---- ---- --- ---------- ===--------- ===------ --------- ----------- ----------- ----- ------ --------
| | | |(1) (2) (3)| (4) (5)|(6)| (7) | (10) | (8) | (9) |(11)(12)(13|(14)(15)(16| (17)| (18) | MARKET|
| | | SALES |GRS OPR NET| |ROA| ROE | PER | COP | CLOP |YoY GROWTH |Q4/Q3 GROWT| | LAST | CAP. |
|NO|STOC|bio Rp |MAR PRF PRF| PBV DER| | |*LAST*| | | | OPR NET| OPR NET| PEG |PRICE |bio Rp |
| | |mio USD| % % % | | | Q3 Q4|QUARTR|TDY Q4 Q3|TDY Q4 Q3|TDY Q4 Q3|SAL PRF PRF|SAL PRF PRF| | |mio Usd|
|-- ---- ------- === === === ==== ==== === === ---****** --- -- -- === -- -- === -- -- --- --- === --- --- === =====|======|=======|
| 1 PTBA 8.947| 54 39 30| 7,2| 0,4| 33| 55 47|35 20|15| 14 10|11| 11 8|12| 11 8| 24 42| 59| 16 -33|-21| 0,26|18.050| 41.589|
| 2 ITMG$ 1.508| 37 28 22| 4,6| 0,5| 28| 49 42|35 13|10| 8 6| 8| 6 5| 9| 7 5| 14 28| 42| 25 -25|-34| 0,25|38.500| 3.625|
| 3 ADRO 26.938| 40 36 16| 3,7| 1,4| 10| 27 25|19 18|14| 12 9| 6| 5 4| 9| 8 6| 48 135|392| -2 -11|-32| 0,04| 2.025| 64.771|
| 4 INDY 2.486| 24 7 29| 2,3| 1,1| 6| 14 13|12 19|17| 15 17|66| 60 95|99| 93129| 7 55|-33|-21 -34|-16|-0,53| 2.450| 12.757|
| 5 BYAN 7.752| 14 4 1| 8,4| 1,9| 1| 9 5|-6***|**|138 80|55| 51 37|68| 64 45| 58 81|558|-67 ***|***| 0,27| 6.100| 20.333|
|-- ---- ------- === === === ==== ==== === === --- ====== -- -- -- === -- -- === -- -- --- --- === --- --- === =====|======|=======|

1. GRS MRG: Gross Margin to Sales (in %)
2. OPR PRF: Operating Profit to Sales (in %)
3. NET PRF: Net Profit to Sales (in %)
4. PBV: Stock Price to Book value
5. DER: Debt Equity Ratio
6. ROA: Return On Asset (in %)
7. ROE: Return On Equity (in %)
QTR: ROE Quartely, using Most Recent Quarter's Net Profit
8. COP: Capitalisation to Operating Profit (in years)
9. CLOP: Capitalisation + Liability to Operating profit (in years)
10. PER: Price Earning Ratio
QTR: PER using Most Recent Quarter's Net Profit
11. Sales Growth in % (Year on Year comparison)
12. Operating Profit Growth in % (YOY comparison)
13. Net Profit Growth in % - (YOY comparison)
14. Sales Growth in % - (Most Recent Quarter comparison)
15. Operating Profit Growth in % - (MRQ comparison)
16. Net Profit Growth in % - (MRQ comparison)
17. PEG = PER / Net Profit Growth

- http://www.investdata.net/QZ94COA6.TXT

Didapat data untuk PTBA, ITMG dan ADRO:
- Gross margin: 54, 37, 40
PTBA punya selesih harga jual - cost yg terbaik.
- Operating profit: 39, 28, 36
ITMG punya laba operasi yg terkecil
- Net profit: 30, 22, 16
PTBA bisa menghasilkan laba bersih hampir 2x lebih besar dibanding ADRO (30 vs 16)
Tapi perbandingan laba operasi PTBA dan ADRO yg mempengaruhi Valuasi saham tidak terlalu berbeda jauh 39 vs 36, jadi ADRO masih oke.
- DER: 0,4 0,5 1,4
ADRO punya ratio Utang yg lebih besar dari competitornya, ini akan memperbesar biaya bunga dan mengurangi ROE.
- ROE: 47, 42 dan 25
PTBA is the best, ADRO perlu tambah modal biar ROE nya naik.
- PER: 15, 10 dan 14
ITMG termurah dalam skala PER
- COP: 11, 8, 6
ADRO termurah dalam skala COP
- CLOP: 12, 9 dan 9
ITMG dan ADRO sama murahnya.
- Sales Growth: 24, 14, 48
ADRO the best, ITMG the worst
- Operating Profit Growth: 42, 28, 135
ADRO is the BEST ABIS, Sale naik 48% tapi laba operasi naik 135%, ini KEREN ABIS !!!

Kesimpulan:
- ADRO THE BEST... hehehe...


Ini buat Invest yah... karena kalo short term sih kita musti
liat:
- Capitalisasi pasar, berat engga ngangkatnya pada wave 5 ?.

Jadi kalo trading sih kita berhubungan dengan TA, Elliott wave dan strategi/taktik BD yg lagi digelar...