ELSA.JK
Strong BuyUnloved QualityAI neutralPT Elnusa Tbk · Energy · Indonesia · $279M cap · $702K/day traded
IDR 655 +4.8% · close 13 Oct · scored 14 Oct
Unloved Quality: Strong and cheap; the market has not turned yet.
As of 14 Oct 2026, MoatMap's StockRank for PT Elnusa Tbk (ELSA.JK) is 92/100, ranked against 24,000+ stocks in 35 markets (Quality 65, Value 87, Momentum 42, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Elnusa is an Indonesian oilfield services and fuel distribution company majority-owned by the state energy group Pertamina. Higher oil prices and a push for domestic upstream output support demand for its drilling and field services, and the stock trades on a low valuation. However, it depends heavily on a single state-owned customer, earns contractor-level margins, and operates in a country whose currency and fuel subsidies come under pressure when oil is expensive.
ABOUT PT ELNUSA TBK
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PT Elnusa Tbk provides oil and gas services in Indonesia. The company operates through Integrated Upstream Oil and Gas Services; Oil and Gas Support Services; and Energy Distribution and Logistics Services segments.
FINANCIAL SUMMARY (IDR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.3T | 12.6T | 13.4T | 14.5T | 5.6% | 15.1T | 16.1T | 17.1T | 8.5% |
| EPS (IDR) | 51.80 | 68.94 | 97.78 | 98.43 | 23.9% | 112.00 | 120.00 | 127.85 | 14.0% |
| Shares | 7.3B | 7.3B | 7.3B | 7.3B | 0.0% | 7.3B | — | — | — |
| Debt | 1.4T | 1.2T | 1.2T | 649.9B | -22.7% | 442.6B | — | — | — |
| Equity | 4.1T | 4.4T | 4.9T | 5.3T | 8.9% | — | — | — | — |
| Op CF | 1.5T | 1.4T | 1.7T | 1.7T | 5.0% | 1.8T | — | — | — |
| Inv CF | -387.5B | -487.7B | -477.7B | -439.3B | — | — | — | — | — |
| Fin CF | -587.4B | -477.6B | -406.0B | -1.5T | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Swung more than 68% of stocks we rank over the past year (53% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of ELSA.JK are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| ELSA.JK | PT Elnusa Tbk(you) | $279M | 92 | Strong Buy |
| SHIP.JK | PT Sillo Maritime Perdana Tbk | $400M | 12 | Strong Sell |
| ABMM.JK | PT ABM Investama Tbk | $415M | 85 | Strong Buy |
| KKGI.JK | PT Resource Alam Indonesia Tbk | $83M | 89 | Strong Buy |
| BSSR.JK | PT Baramulti Suksessarana Tbk | $786M | 100 | Strong Buy |
| MYOH.JK | PT Samindo Resources Tbk | $128M | 78 | Buy |
| ITMG.JK | PT Indo Tambangraya Megah Tbk | $1.6B | 95 | Strong Buy |
| DWGL.JK | PT Dwi Guna Laksana Tbk | $118M | 71 | Buy |
| AKRA.JK | PT AKR Corporindo Tbk | $1.6B | 87 | Strong Buy |
| PTBA.JK | PT Bukit Asam (Persero) Tbk | $2.0B | 89 | Strong Buy |
Peer medians: ROE 11.1% · P/E 14.9x · Gross margin 19.3%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.