Coal miner Indika Energy (INDY) is among the stock valued below its equity. At the last quoted price, INDY was valued Rp14.4 trillion, way below its equity (US$1.17 billion), despite a relatively strong bottom line and balance sheet. The company booked profit attributable to owners of US$200.6 million in the first half (H1) of 2022, compared to US$12 million only in the corresponding period of 2021, as revenues jumped 72.7% year on year (y/y) to US$1.94 billion, thanks to higher average price of thermal coal.To subscribe please click here
