Here's a comprehensive breakdown of IDX:MINE (PT Sinar Terang Mandiri Tbk) — covering ownership, margins, solvency, recent news, and market sentiment:
As a newly public company (IPO on 10 March 2025, offering ~612.7 million shares or 15% of issued capital), detailed shareholding structure remains limited. Institutional and retail breakdown isn't yet publicly disclosed beyond IPO floats id.investing.com+11idxchannel.com+11simplywall.st+11.
Typically, post-IPO major shareholders include founding entities and company insiders. We should monitor IDX disclosures to see if directors or insiders hold significant stakes once released.
Revenues jumped from IDR 1.43 trillion (2022) to IDR 1.76 trillion TTM (ending Dec 2023), and net profits surged from ~IDR 110 billion to IDR 218 billion .
Earnings growth stands at ~98.6% YoY, far outpacing the industry average of ~23% simplywall.st+1simplywall.st+1.
Profitability margins:
Gross margin: ~24.0%
Net margin: ~12.4%
These are solid margins for a diversified mining services outfit e-ipo.co.id+5simplywall.st+5indonesiaminer.com+5.
Analysts note high net margins and improving profit quality with non-cash elements, though some call gross margins “weak” compared to peers .
Debt-to-Equity ratio is approximately 55% — a reasonable figure, indicating moderate leverage.
SimplyWallSt rates its financial health at 5/6, showing strong solvency metrics simplywall.st+1simplywall.st+1.
No signs of liquidity distress or solvency concerns at this stage.
IPO Highlights:
Priced at IDR 216 per share (pegged to IDR 200–216 range).
Opened at IDR 270 on debut (up +25%) market.bisnis.com+3idxchannel.com+3idxchannel.com+3indonesiaminer.com.
Raised IDR 132 billion to fund nickel-mining equipment capital expenditures e-ipo.co.id+9market.bisnis.com+9indonesiaminer.com+9.
Price Performance:
Initial pop to 625 by 14 March 2025 (~+130% from IPO), then ranged between IDR 420–510 in mid-March id.investing.com+1indonesiaminer.com+1.
As of ~25 March 2025, trading near IDR 422 (−4% on that day) .
Analyst sentiment:
SimplyWallSt flags illiquidity risks due to low trading volumes simplywall.st+1simplywall.st+1.
Valuation analysis suggests the stock trades ~87% below DCF-based fair value (~IDR 3,562), indicating potential upside if fundamentals sustain .
| Metric | Value / Insight |
|---|---|
| Revenue (TTM) | IDR 1.76 t |
| Net Profit (TTM) | IDR 218 b |
| Revenue Growth (YoY) | ~23% annually |
| Earnings Growth (YoY) | ~99% |
| Gross Margin | ~24% |
| Net Margin | ~12.4% |
| Return on Equity (ROE) | ~55% simplywall.st |
| Debt-to-Equity Ratio | ~55% |
| IPO Price | IDR 216 |
| Debut High | IDR 625 |
| Trading Range (mid-Mar) | IDR 420–510 |
| Current Price (Mar 25) | IDR 422 |
| Valuation Signal | ~87% undervalued vs fair value estimate |
| Key Risk | Low liquidity |
No specific rumors detected—coverage has stayed factual about IPO proceeds, pricing, and market reaction.
Key developments to follow:
Monitor quarterly earnings, especially from 1Q & 2Q 2025 as the company deploys IPO funds into nickel operations.
Watch for ticker liquidity improvements or insider share disclosures, which may change risk profile.
Keep an eye on broader commodity prices (nickel), as demand and pricing could significantly affect margins and valuation.
MINE is exhibiting strong growth with impressive margins and healthy solvency. Its IPO sparked considerable interest, but volatility remains high due to stock illiquidity. Current valuation could be attractive if growth trajectory continues—though risks tied to execution and market depth should not be overlooked.
If you're considering a position in MINE, here are smart next steps:
Track upcoming financial statements (esp. post-IPO capital deployment).
Monitor trading volumes on IDX for liquidity shifts.
Compare commodity trends in nickel—these can heavily affect future earnings.
Want help modeling future cash flows or watching technical triggers? Let me know!
Berikut adalah analisis lengkap untuk IDX:MINE (PT Sinar Terang Mandiri Tbk) — mencakup kepemilikan, margin, solvabilitas, berita terkini, dan sentimen pasar:
Perusahaan baru saja melakukan IPO pada 10 Maret 2025, dengan melepas sekitar 612,7 juta saham atau 15% dari modal ditempatkan dan disetor penuh.
Rincian kepemilikan pasca-IPO belum dipublikasikan secara lengkap. Umumnya, pemegang saham utama masih terdiri dari pendiri dan pihak internal perusahaan.
Informasi lebih lanjut soal pemegang saham internal bisa muncul dari laporan keuangan atau keterbukaan informasi ke BEI ke depan.
Pendapatan naik dari Rp 1,43 triliun (2022) menjadi Rp 1,76 triliun (TTM hingga Desember 2023).
Laba bersih melonjak dari sekitar Rp 110 miliar menjadi Rp 218 miliar.
Pertumbuhan laba bersih sekitar 98,6% YoY — jauh lebih tinggi dibanding rata-rata industri (sekitar 23%).
Margin profitabilitas:
Margin kotor: sekitar 24,0%
Margin bersih: sekitar 12,4%
Ini adalah margin yang cukup solid untuk perusahaan jasa pertambangan yang terdiversifikasi.
Beberapa analis menyebut margin kotor masih lemah dibanding kompetitor, namun kualitas laba meningkat (tidak banyak unsur non-tunai).
Debt-to-Equity Ratio sekitar 55% — tingkat utang sedang, tergolong sehat.
Rating kesehatan finansial dari SimplyWallSt adalah 5 dari 6 poin, menunjukkan kondisi keuangan yang kuat.
Tidak ada indikasi krisis likuiditas atau masalah solvabilitas saat ini.
IPO:
Harga penawaran: Rp 216 per saham (dalam kisaran Rp 200–216).
Hari pertama perdagangan: dibuka di Rp 270 (+25% dari harga IPO).
Dana yang dihimpun: sekitar Rp 132 miliar, digunakan untuk belanja modal alat berat tambang nikel.
Performa Saham:
Sempat menyentuh Rp 625 pada 14 Maret 2025 (~+130% dari harga IPO).
Stabil di kisaran Rp 420–510 pada pertengahan Maret.
Per 25 Maret 2025, berada di Rp 422 (turun ~4%).
Sentimen Analis:
Risiko utama: Likuiditas rendah (volume transaksi rendah).
Valuasi saat ini disebut ~87% di bawah nilai wajar (berdasarkan analisis DCF), berpotensi undervalued jika kinerja fundamental berlanjut.
| Metrik | Nilai / Insight |
|---|---|
| Pendapatan (TTM) | Rp 1,76 triliun |
| Laba Bersih (TTM) | Rp 218 miliar |
| Pertumbuhan Pendapatan | ~23% tahunan |
| Pertumbuhan Laba | ~99% YoY |
| Margin Kotor | ~24% |
| Margin Bersih | ~12,4% |
| ROE | ~55% |
| Rasio Utang terhadap Ekuitas | ~55% |
| Harga IPO | Rp 216 |
| Tertinggi Pasca-IPO | Rp 625 |
| Rentang Harga (Mar) | Rp 420–510 |
| Harga Terakhir (25 Mar) | Rp 422 |
| Sinyal Valuasi | ~87% undervalued |
| Risiko Utama | Likuiditas rendah |
Tidak ditemukan rumor spesifik saat ini. Pemberitaan masih fokus pada fakta IPO, alokasi dana, dan pergerakan harga saham.
Perkembangan yang perlu dipantau:
Laporan keuangan kuartalan pasca-IPO, terutama Q1 & Q2 2025.
Volume transaksi di pasar — bisa memberi sinyal peningkatan minat atau risiko likuiditas.
Harga komoditas nikel — sangat berpengaruh terhadap margin dan nilai saham.
MINE menunjukkan pertumbuhan cepat dengan margin kuat dan struktur keuangan sehat. IPO menarik minat besar, tapi risiko volatilitas dan likuiditas masih tinggi. Valuasi saat ini tampak menarik jika pertumbuhan bisa dipertahankan.
Jika kamu mempertimbangkan investasi di saham MINE, berikut saran lanjutan:
Pantau laporan keuangan terbaru dan realisasi belanja modal dari hasil IPO.
Cermati pergerakan volume perdagangan.
Ikuti tren harga nikel global yang berdampak langsung terhadap prospek perusahaan.
Ingin saya bantu buat model valuasi atau pantau sinyal teknikalnya? Silakan beri tahu!