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: 6 900 IDR 1.47% Market Closed
Market Cap: Rp72.7T

EV/EBITDA

90.4
Current
543%
More Expensive
vs 3-y average of 14.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
90.4
=
Enterprise Value
Rp66.8T
/
EBITDA
$43.9m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
90.4
=
Enterprise Value
Rp66.8T
/
EBITDA
$43.9m

Valuation Scenarios

Vale Indonesia Tbk PT is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (14.1), the stock would be worth Rp1 073.15 (84% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-100%
Maximum Upside
No Upside Scenarios
Average Downside
90%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 90.4 Rp6 900
0%
3-Year Average 14.1 Rp1 073.15
-84%
5-Year Average 14.3 Rp1 087.68
-84%
Industry Average 0 Rp0.79
-100%
Country Average 7.8 Rp595.15
-91%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
Rp66.8T
/
Jan 2026
$43.9m
=
90.4
Current
Rp66.8T
/
Dec 2026
$509.1m
=
131205.5
Forward
Rp66.8T
/
Dec 2027
$689.9m
=
96824.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
ID
Vale Indonesia Tbk PT
IDX:INCO
72.7T IDR 90.4 56
AU
BHP Group Ltd
ASX:BHP
281.9B AUD 7.5 19.5
AU
Rio Tinto Ltd
ASX:RIO
282.3B AUD 8.4 20
UK
Rio Tinto PLC
LSE:RIO
118.5B GBP 7.4 15.7
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.6T MXN 9.2 18.1
CH
Glencore PLC
LSE:GLEN
64.5B GBP 11.3 235.2
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 18.1 33.9
CN
CMOC Group Ltd
SSE:603993
433B CNY 9.9 21.1
UK
Anglo American PLC
LSE:AAL
41.9B GBP 10.1 -14.8
CN
China Molybdenum Co Ltd
OTC:CMCLF
54.6B USD 8.7 18.5
ZA
African Rainbow Minerals Ltd
JSE:ARI
45.9B ZAR -75.7 35.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ID
Vale Indonesia Tbk PT
IDX:INCO
Average EV/EBITDA: 18.1
90.4
N/A N/A
AU
BHP Group Ltd
ASX:BHP
7.5
6%
1.2
AU
Rio Tinto Ltd
ASX:RIO
8.4
9%
0.9
UK
Rio Tinto PLC
LSE:RIO
7.4
8%
0.9
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
9.2
6%
1.5
CH
Glencore PLC
LSE:GLEN
11.3
25%
0.5
SA
Saudi Arabian Mining Company SJSC
SAU:1211
18.1
5%
3.6
CN
CMOC Group Ltd
SSE:603993
9.9
18%
0.6
UK
Anglo American PLC
LSE:AAL
10.1
20%
0.5
CN
C
China Molybdenum Co Ltd
OTC:CMCLF
8.7
18%
0.5
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
Negative Multiple: -75.7 N/A N/A

Market Distribution

Higher than 90% of companies in Indonesia
Percentile
90th
Based on 706 companies
90th percentile
90.4
Low
0 — 4.4
Typical Range
4.4 — 13.9
High
13.9 —
Distribution Statistics
Indonesia
Min 0
30th Percentile 4.4
Median 7.8
70th Percentile 13.9
Max 1 547 003.1

Vale Indonesia Tbk PT
Glance View

In the tropical archipelago of Indonesia, with its sprawling landscapes rich in natural resources, Vale Indonesia Tbk PT stands as a significant player in the mining industry. As a subsidiary of the global mining giant Vale S.A., this company operates one of the world's largest integrated laterite nickel mining concessions in the picturesque region of Sorowako, South Sulawesi. Since its establishment in 1968, Vale Indonesia has been committed to extracting nickel and laterite ores from the earth, transforming them into products that are critical for the stainless steel and battery industries. This operation involves mining, processing, and exporting nickel matte—a product with a high nickel content—making it a linchpin in the global supply chain for metals. Behind the scenes, Vale Indonesia's economic engine churns through an intricate process involving community engagement, sustainable practices, and technological innovation. The company benefits from Indonesia's increasing demand for nickel, driven by advancements in electric vehicle production and other technologies. It leverages its well-established infrastructure and vast deposits to maintain a competitive edge, while also facing the complexities of environmental regulation and the country's evolving mining policies. By focusing on operational efficiency and investing in future-oriented practices, Vale Indonesia not only enhances its profitability but also aims to uphold its environmental stewardship and social responsibilities. This dual focus allows it to navigate the demands of both the market and the ecosystems it operates within, crafting a narrative of growth interwoven with responsibility.

INCO Intrinsic Value
3 207.25 IDR
Overvaluation 54%
Intrinsic Value
Price Rp6 900
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