Financials PT Medco Energi Internasional Tbk

Equities

MEDC

ID1000053705

Oil & Gas Exploration and Production

End-of-day quote INDONESIA S.E. Other stock markets 03:30:00 07/05/2024 am IST			5-day change	1st Jan Change
1,300 ^IDR	-1.14%		-3.70%	+12.55%

02/04	PT Medco Energi Internasional Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	PT Medco Energi Internasional Tbk completed the acquisition of 20% stake in Block 60 producing and Block 48 exploration licenses in Oman from Oq Exploration And Production.	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	1,115	1,035	817.7	1,626	1,879	2,027	-
Enterprise Value (EV) ¹	3,828	3,466	817.7	4,166	4,810	4,637	4,214
P/E ratio	-40.4 x	-4.99 x	17.4 x	2.94 x	5.68 x	5.53 x	5.82 x
Yield	-	-	-	-	-	3.33%	3.85%
Capitalization / Revenue	0.78 x	0.95 x	0.62 x	0.7 x	0.84 x	0.94 x	0.95 x
EV / Revenue	2.66 x	3.17 x	0.62 x	1.8 x	2.14 x	2.15 x	1.98 x
EV / EBITDA	5.81 x	6.96 x	1.15 x	2.56 x	3.78 x	3.55 x	3.28 x
EV / FCF	17.7 x	13 x	-	4.91 x	11.4 x	1.56 x	1.59 x
FCF Yield	5.64%	7.7%	-	20.4%	8.79%	64.3%	62.8%
Price to Book	0.93 x	1.01 x	0.76 x	1.04 x	1.03 x	0.92 x	0.83 x
Nbr of stocks (in thousands)	1,78,99,187	2,50,70,656	2,50,65,921	2,50,25,059	2,50,28,996	2,50,29,500	-
Reference price ²	0.0623	0.0413	0.0326	0.0650	0.0751	0.0810	0.0810
Announcement Date	20/05/20	01/06/21	13/06/22	01/04/23	02/04/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	1,438	1,093	1,323	2,312	2,249	2,159	2,130
EBITDA ¹	658.3	497.8	708.2	1,630	1,271	1,306	1,284
EBIT ¹	362.4	169.1	403.5	1,068	818.2	782.8	752.1
Operating Margin	25.2%	15.47%	30.5%	46.19%	36.38%	36.26%	35.3%
Earnings before Tax (EBT) ¹	179.1	-98.28	285.7	1,046	727.9	786.2	738.8
Net income ¹	-27.35	-189	47.02	530.9	330.7	346.3	340.7
Net margin	-1.9%	-17.29%	3.55%	22.96%	14.7%	16.04%	15.99%
EPS ²	-0.001540	-0.008270	0.001880	0.0221	0.0132	0.0146	0.0139
Free Cash Flow ¹	215.7	267.1	-	847.9	422.9	2,981	2,646
FCF margin	15%	24.43%	-	36.67%	18.8%	138.08%	124.2%
FCF Conversion (EBITDA)	32.77%	53.65%	-	52.03%	33.27%	228.2%	206.07%
FCF Conversion (Net income)	-	-	-	159.71%	127.9%	860.91%	776.6%
Dividend per Share ²	-	-	-	-	-	0.002700	0.003120
Announcement Date	20/05/20	01/06/21	13/06/22	01/04/23	02/04/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-
EBIT	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income	122.9	-	-	-	-	-
Net margin	-	-	-	-	-	-
EPS	0.004910	0.003530	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	0.003100
Announcement Date	02/11/23	02/04/24	-	-	-	-

¹USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	2,713	2,431	-	2,540	2,930	2,609	2,187
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	4.121 x	4.883 x	-	1.559 x	2.305 x	1.998 x	1.703 x
Free Cash Flow ¹	216	267	-	848	423	2,981	2,646
ROE (net income / shareholders' equity)	-2.26%	-15.6%	4.52%	39.3%	19.5%	17%	16%
ROA (Net income/ Total Assets)	-0.49%	-3.2%	0.81%	8.2%	4.59%	5.07%	5.37%
Assets ¹	5,630	5,905	5,783	6,476	7,200	6,834	6,349
Book Value Per Share ²	0.0700	0.0400	0.0400	0.0600	0.0700	0.0900	0.1000
Cash Flow per Share ²	0.0200	0.0200	-	0.0500	0.0300	0.0400	0.0300
Capex ¹	124	267	111	269	300	458	352
Capex / Sales	8.64%	24.42%	8.4%	11.61%	13.35%	21.22%	16.51%
Announcement Date	20/05/20	01/06/21	13/06/22	01/04/23	02/04/24	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for PT Medco Energi Internasional Tbk

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.081 USD

Average target price

0.1224 USD

Spread / Average Target

+51.10%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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