Vale Indonesia Tbk PT
IDX:INCO

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Vale Indonesia Tbk PT Logo
Vale Indonesia Tbk PT
IDX:INCO
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Price: 3 520 IDR -1.12% Market Closed
Market Cap: 37.1T IDR
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Relative Value

The Relative Value of one INCO stock under the Base Case scenario is 4 373.03 IDR. Compared to the current market price of 3 520 IDR, Vale Indonesia Tbk PT is Undervalued by 20%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

INCO Relative Value
Base Case
4 373.03 IDR
Undervaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.3
P/S
P/S
Price to Sales
2.3
vs History
77
vs Industry
51
Median 3Y
3.3
Median 5Y
3.3
Industry
1.7
Forward
2.3
More Details
22
P/E
P/E
Price to Earnings
22
vs History
39
vs Industry
22
Median 3Y
19.6
Median 5Y
20.5
Industry
15.4
Forward
20
More Details
11.1
P/OCF
P/OCF
Price to OCF
11.1
vs History
33
vs Industry
22
Median 3Y
10.3
Median 5Y
10.9
Industry
9.1
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
13
Median 3Y
23.6
Median 5Y
22.2
Industry
15
More Details
0.8
P/B
P/B
Price to Book Value
0.8
vs History
93
vs Industry
56
Median 3Y
1.5
Median 5Y
1.5
Industry
1.4
More Details
1.5
EV/S
EV/S
Enterprise Value to Sales
1.5
vs History
85
vs Industry
58
Median 3Y
2.6
Median 5Y
2.8
Industry
2.1
Forward
1.6
More Details
10.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.9
vs History
49
vs Industry
49
Median 3Y
10.4
Median 5Y
11.7
Industry
7.2
More Details
15.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
15.1
vs History
30
vs Industry
24
Median 3Y
11.8
Median 5Y
13.4
Industry
9.9
Forward
5.4
More Details
15.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
15.1
vs History
30
vs Industry
24
Median 3Y
11.8
Median 5Y
13.4
Industry
12.6
Forward
13.1
More Details
7.4
EV/OCF
EV/OCF
Enterprise Value to OCF
7.4
vs History
60
vs Industry
28
Median 3Y
8.2
Median 5Y
8.6
Industry
10.3
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
14
Median 3Y
19.8
Median 5Y
18.2
Industry
13
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
95
vs Industry
56
Median 3Y
1.6
Median 5Y
1.5
Industry
1.3
More Details

Multiples Across Competitors

INCO Competitors Multiples
Vale Indonesia Tbk PT Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
ID
Vale Indonesia Tbk PT
IDX:INCO
37.1T IDR 2.3 22 15.1 15.1
AU
BHP Group Ltd
ASX:BHP
201.5B AUD 2.3 16 4.6 5.7
AU
Rio Tinto Ltd
ASX:RIO
190.1B AUD 2.2 11.1 5.7 7.8
UK
Rio Tinto PLC
LSE:RIO
75.7B GBP 1.8 8.9 15.8 21.5
CH
Glencore PLC
LSE:GLEN
42.8B GBP 0.2 -103.3 198.7 481.8
SA
Saudi Arabian Mining Company SJSC
SAU:1211
150B SAR 5.2 53.3 17 32.5
UK
Anglo American PLC
LSE:AAL
30.9B GBP 1.3 -23.5 96.7 140.6
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
772.9B MXN 2.5 10.7 4.9 5.9
ZA
African Rainbow Minerals Ltd
JSE:ARI
29.8B Zac 0 0 0 0
IN
Hindustan Zinc Ltd
NSE:HINDZINC
2T INR 6.3 22.5 12.7 16.5
IN
Vedanta Ltd
NSE:VEDL
1.8T INR 1.2 33.8 5.2 7.2
P/E Multiple
Earnings Growth P/E to Growth
ID
Vale Indonesia Tbk PT
IDX:INCO
Average P/E: 22.3
22
-29%
N/A
AU
BHP Group Ltd
ASX:BHP
16
-33%
N/A
AU
Rio Tinto Ltd
ASX:RIO
11.1
13%
0.8
UK
Rio Tinto PLC
LSE:RIO
8.9
9%
0.9
CH
Glencore PLC
LSE:GLEN
Negative Multiple: -103.3
41%
N/A
SA
Saudi Arabian Mining Company SJSC
SAU:1211
53.3
295%
0.2
UK
Anglo American PLC
LSE:AAL
Negative Multiple: -23.5
1 272%
N/A
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
10.7
26%
0.4
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
Not Available
-98%
N/A
IN
Hindustan Zinc Ltd
NSE:HINDZINC
22.5
55%
0.4
IN
Vedanta Ltd
NSE:VEDL
33.8
402%
0.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ID
Vale Indonesia Tbk PT
IDX:INCO
Average EV/EBITDA: 37.6
15.1
32%
0.5
AU
BHP Group Ltd
ASX:BHP
4.6
-12%
N/A
AU
Rio Tinto Ltd
ASX:RIO
5.7
13%
0.4
UK
Rio Tinto PLC
LSE:RIO
15.8
9%
1.7
CH
Glencore PLC
LSE:GLEN
198.7
26%
7.6
SA
Saudi Arabian Mining Company SJSC
SAU:1211
17
58%
0.3
UK
Anglo American PLC
LSE:AAL
96.7
23%
4.2
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
4.9
38%
0.1
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
Not Available
5 315%
N/A
IN
Hindustan Zinc Ltd
NSE:HINDZINC
12.7
46%
0.3
IN
Vedanta Ltd
NSE:VEDL
5.2
56%
0.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ID
Vale Indonesia Tbk PT
IDX:INCO
Average EV/EBIT: 73.5
15.1
-35%
N/A
AU
BHP Group Ltd
ASX:BHP
5.7
-20%
N/A
AU
Rio Tinto Ltd
ASX:RIO
7.8
3%
2.6
UK
Rio Tinto PLC
LSE:RIO
21.5
4%
6.1
CH
Glencore PLC
LSE:GLEN
481.8
13%
37.4
SA
Saudi Arabian Mining Company SJSC
SAU:1211
32.5
155%
0.2
UK
Anglo American PLC
LSE:AAL
140.6
20%
7.2
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
5.9
38%
0.2
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
Not Available
3 771%
N/A
IN
Hindustan Zinc Ltd
NSE:HINDZINC
16.5
53%
0.3
IN
Vedanta Ltd
NSE:VEDL
7.2
77%
0.1

See Also

Summary
INCO intrinsic value, competitors valuation, and company profile.
DCF Valuation
INCO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
INCO stock valuation using valuation multiples.
Wall Street Estimates
INCO price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
INCO stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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