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Harum Energy

DB:44H
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
44H
DB
IDR3,285B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PT. Harum Energy Tbk, through its subsidiaries, engages in coal mining and logistics activities in Asia. The last earnings update was 150 days ago. More info.


Add to Portfolio Compare Print
  • Harum Energy has significant price volatility in the past 3 months.
44H Share Price and Events
7 Day Returns
13.5%
DB:44H
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-26.8%
DB:44H
21.9%
DE Oil and Gas
-17.7%
DE Market
44H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Harum Energy (44H) 13.5% -7.3% -21.7% -26.8% -67.6% -42%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 44H underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 44H underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
44H
Industry
5yr Volatility vs Market

44H Value

 Is Harum Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Harum Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Harum Energy.

DB:44H Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:44H
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.9%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 25%) (0%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.871 * 7.85%)
6.45%

Discounted Cash Flow Calculation for DB:44H using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Harum Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:44H DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.45%)
2020 23.88 Analyst x1 22.43
2021 18.90 Analyst x1 16.68
2022 16.05 Est @ -15.1% 13.31
2023 14.33 Est @ -10.69% 11.16
2024 13.24 Est @ -7.6% 9.69
2025 12.52 Est @ -5.44% 8.61
2026 12.03 Est @ -3.92% 7.77
2027 11.69 Est @ -2.86% 7.09
2028 11.44 Est @ -2.12% 6.52
2029 11.26 Est @ -1.6% 6.03
Present value of next 10 years cash flows $109.00
DB:44H DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $11.26 × (1 + -0.39%) ÷ (6.45% – -0.39%)
$163.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $163.93 ÷ (1 + 6.45%)10
$87.74
DB:44H Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $109.00 + $87.74
$196.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $196.74 / 2,566.64
$0.08
DB:44H Discount to Share Price
Calculation Result
Exchange Rate USD/IDR
(Reporting currency to currency of IDX:HRUM)
16369
Value per Share
(IDR)
= Value per Share in USD x Exchange Rate (USD/IDR)
= $0.08 x 16369
IDR1254.73
Non-primary Listing Adjustment Factor 1 share in DB:44H represents 4.0E-5x of IDX:HRUM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
4.0E-5x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 1,254.73 x 4.0E-5
€0.05
Value per share (EUR) From above. €0.05
Current discount Discount to share price of €0.05
= -1 x (€0.05 - €0.05) / €0.05
-2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Harum Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Harum Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Harum Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:44H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.01
IDX:HRUM Share Price ** IDX (2020-03-30) in IDR IDR1280
IDX:HRUM Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.08
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Harum Energy.

DB:44H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:HRUM Share Price ÷ EPS (both in USD)

= 0.08 ÷ 0.01

7.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harum Energy is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Harum Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Harum Energy's expected growth come at a high price?
Raw Data
DB:44H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-7.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:44H PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.99x ÷ -7.7%

-1.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harum Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Harum Energy's assets?
Raw Data
DB:44H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.12
IDX:HRUM Share Price * IDX (2020-03-30) in IDR IDR1280
IDX:HRUM Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.08
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:44H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:HRUM Share Price ÷ Book Value per Share (both in USD)

= 0.08 ÷ 0.12

0.64x

* Primary Listing of Harum Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harum Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Harum Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Harum Energy has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

44H Future Performance

 How is Harum Energy expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Harum Energy expected to grow at an attractive rate?
  • Harum Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Harum Energy's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Harum Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:44H Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:44H Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -7.7%
DB:44H Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:44H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:44H Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 360 31 22 3
2020-12-31 354 33 25 3
2020-03-30
2019-12-31 336 62 26 3
DB:44H Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 304 10 25
2019-06-30 323 12 27
2019-03-31 322 24 26
2018-12-31 337 25 32
2018-09-30 320 64 35
2018-06-30 313 52 40
2018-03-31 334 65 46
2017-12-31 326 55 45
2017-09-30 326 55 35
2017-06-30 302 69 31
2017-03-31 252 43 24
2016-12-31 217 45 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Harum Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Harum Energy's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:44H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Harum Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:44H Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.01 0.01 0.00 3.00
2020-12-31 0.01 0.01 0.01 3.00
2020-03-30
2019-12-31 0.01 0.01 0.01 3.00
DB:44H Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.01
2019-06-30 0.01
2019-03-31 0.01
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Harum Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Harum Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Harum Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

44H Past Performance

  How has Harum Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Harum Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Harum Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Harum Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Harum Energy's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Harum Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Harum Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:44H Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 304.03 25.12 47.45
2019-06-30 323.35 27.32 52.02
2019-03-31 321.96 25.58 51.39
2018-12-31 336.71 31.81 50.44
2018-09-30 320.04 35.37 44.45
2018-06-30 313.31 40.10 38.98
2018-03-31 333.72 45.53 41.22
2017-12-31 325.60 45.28 39.80
2017-09-30 325.85 35.24 40.76
2017-06-30 302.24 31.32 39.65
2017-03-31 251.90 24.41 34.50
2016-12-31 217.12 13.35 35.73
2016-09-30 174.67 -9.50 34.47
2016-06-30 178.62 -17.68 35.33
2016-03-31 218.67 -19.65 42.18
2015-12-31 249.33 -19.25 44.39
2015-09-30 313.21 -17.73 49.56
2015-06-30 366.18 -14.82 54.40
2015-03-31 424.16 -8.67 59.54
2014-12-31 477.64 0.43 65.49
2014-09-30 539.08 23.35 74.49
2014-06-30 634.52 36.61 87.74
2014-03-31 741.46 44.31 97.99
2013-12-31 837.08 40.49 106.61
2013-09-30 875.10 42.60 101.31
2013-06-30 925.18 63.92 105.87
2013-03-31 971.16 92.97 107.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Harum Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Harum Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Harum Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Harum Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Harum Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

44H Health

 How is Harum Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Harum Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Harum Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Harum Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Harum Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Harum Energy has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Harum Energy Company Filings, last reported 6 months ago.

DB:44H Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 399.69 0.00 224.11
2019-06-30 397.05 0.00 217.16
2019-03-31 396.06 0.00 226.46
2018-12-31 388.49 0.00 216.44
2018-09-30 377.41 0.00 235.21
2018-06-30 371.21 0.00 234.08
2018-03-31 410.49 0.00 269.69
2017-12-31 395.86 0.00 266.35
2017-09-30 383.79 0.00 243.15
2017-06-30 374.28 0.00 250.49
2017-03-31 369.02 0.00 234.10
2016-12-31 355.43 0.00 232.35
2016-09-30 354.02 0.00 204.09
2016-06-30 348.47 0.00 196.70
2016-03-31 344.67 0.00 201.14
2015-12-31 343.43 0.00 197.09
2015-09-30 353.98 0.00 181.38
2015-06-30 361.69 0.00 192.97
2015-03-31 363.05 0.00 193.59
2014-12-31 361.57 0.00 202.13
2014-09-30 378.65 0.00 171.48
2014-06-30 385.75 0.00 222.28
2014-03-31 407.89 0.00 189.35
2013-12-31 389.14 0.00 181.37
2013-09-30 396.30 0.00 173.10
2013-06-30 382.00 0.00 227.10
2013-03-31 434.15 0.00 197.07
  • Harum Energy has no debt.
  • Harum Energy has not taken on any debt in the past 5 years.
  • Harum Energy has no debt, it does not need to be covered by operating cash flow.
  • Harum Energy has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Harum Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Harum Energy has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

44H Dividends

 What is Harum Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
20.85%
Current annual income from Harum Energy dividends. Estimated to be 6.16% next year.
If you bought €2,000 of Harum Energy shares you are expected to receive €417 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Harum Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Harum Energy's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:44H Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:44H Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.01 2.00
2020-03-30
2019-12-31 0.01 2.00
DB:44H Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-07-30 0.016 16.243
2018-03-29 0.017 9.255
2015-03-31 0.000 0.000
2014-10-31 0.009 7.069
2014-07-25 0.009 5.453
2014-04-01 0.009 4.594
2013-10-31 0.030 13.313
2013-08-01 0.030 10.948
2013-04-01 0.030 8.119
2012-09-03 0.040 6.818
2012-03-28 0.040 6.006
2011-08-02 0.026 3.158
2011-03-18 0.028 2.598

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Harum Energy has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Harum Energy has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Harum Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Harum Energy has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Harum Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Harum Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Harum Energy has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

44H Management

 What is the CEO of Harum Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ray Gunara
AGE 53
TENURE AS CEO 10.2 years
CEO Bio

Mr. Ray Antonio Gunara has been the President Director at PT Harum Energy Tbk since March 2010 and also serves as its Managing Director, Corporate Secretary and Director of Finance & Business Development. Mr. Gunara serves as the President Director of PT Deutsche Securities Indonesia. He has worked with various domestic and international financial institutions for over 16 years and before joining the Company, he spent the last seven years with Deutsche Bank and Credit Suisse as an investment banker. He holds a Master's Degree in Electrical Engineering from Lehigh University in the United States and a Master's Degree in Business Administration from the University of Pittsburgh. He holds a Bachelor degree in Electrical Engineering from Villanova University.

CEO Compensation
  • Insufficient data for Ray to compare compensation growth.
  • Insufficient data for Ray to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Ray Gunara

TITLE
Director of Finance & Business Development and President Director
AGE
53
TENURE
10.2 yrs

Kenneth Andrew Thompson

TITLE
Director of Operations & Director
AGE
52

Djong Jonius

TITLE
Accounting & Tax Division

Hadi Tanjaya

TITLE
Sales & Marketing and Independent Director
AGE
60

Eufrasia Novita

TITLE
Human Resource Division

Eddy Sumarsono

TITLE
Director of General Affairs & Director
AGE
65

Meka Darwis

TITLE
Head of Internal Audit
TENURE
3.4 yrs

Debby Tarunadjaya

TITLE
Secretary

Hestia Wijono

TITLE
Treasury & Finance Division

Alexandra Sukmawati

TITLE
Legal Advisor
Board of Directors Tenure

Average tenure and age of the Harum Energy board of directors in years:

10
Average Tenure
60
Average Age
  • The average tenure for the Harum Energy board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kenneth Andrew Thompson

TITLE
Director of Operations & Director
AGE
52
TENURE
10 yrs

Hadi Tanjaya

TITLE
Sales & Marketing and Independent Director
AGE
60
TENURE
3.3 yrs

Eddy Sumarsono

TITLE
Director of General Affairs & Director
AGE
65
TENURE
10 yrs

Lawrence Barki

TITLE
President Commissioner
AGE
48
TENURE
10 yrs

Ray Gunara

TITLE
Director of Finance & Business Development and President Director
AGE
53
TENURE
10.2 yrs

Agus Panjaitan

TITLE
Independent Commissioner
AGE
60
TENURE
10 yrs

Yun Mulyana

TITLE
Commissioner
AGE
72
TENURE
10 yrs

Basrief Arief

TITLE
Commissioner
AGE
71
TENURE
4.8 yrs

Sony Harsono

TITLE
Independent Commissioner
AGE
67
TENURE
10 yrs

Steven Barki

TITLE
Commissioner
AGE
36
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Harum Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Harum Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

44H News

Simply Wall St News

44H Company Info

Description

PT. Harum Energy Tbk, through its subsidiaries, engages in coal mining and logistics activities in Asia. The company operates through Coal Mining sectors, Rental and Service sectors, and Others sectors segments. It is also involved in the provision of shipping services; and investment activities. The company was founded in 1995 and is headquartered in Central Jakarta, Indonesia. PT. Harum Energy Tbk is a subsidiary of PT Karunia Bara Perkasa.

Details
Name: PT. Harum Energy Tbk
44H
Exchange: DB
Founded: 1995
IDR181,916,596
2,566,637,900
Website: http://www.harumenergy.com
Address: PT. Harum Energy Tbk
Deutsche Bank Building,
9th Floor,
Central Jakarta,
Jakarta Raya, 10310,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX HRUM Common Shares Indonesia Stock Exchange ID IDR 06. Oct 2010
DB 44H Common Shares Deutsche Boerse AG DE EUR 06. Oct 2010
Number of employees
Current staff
Staff numbers
694
Harum Energy employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:50
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.