KRAS Overview

KRAS

Krakatau Steel (Persero) Tbk

284

-2.07%

BUMNIDXBUMN20

1D-2.07%

7D-5.33%

1M-9.55%

YTD-16.96%

1Y+115.15%

52W Low52W High

97Current: 284424

Foreign Investor Activity

Company Profile vs Peers

Key Highlights

ROE 58.5% — strong capital efficiency

State-owned enterprise (BUMN)

Company Info

SectorBarang Baku

Sub-sectorBarang Baku

IndustryLogam & Mineral

Sub-industryBaja & Besi

Listing BoardPengembangan

Listed2010-11-10

AddressJl Industri No. 5 PO Box 14 Cilegon Banten 42435

WebsiteVisit

Major Shareholders

Masyarakat

PT Danantara Asset Management

Negara Republik Indonesia

Saham Treasury

Masyarakat Warkat

Masyarakat Non Warkat

Hendro Martowardojo

David Pajung

Willgo Zainar

Adityo Haryo Bimo

Score Summary

Weak · 30%Overall Score

value

36%

competitive

65%

future

financials

16%

dividend

Technical Rating

Strong SellBased on 26 indicators

1 Buy9 Neutral16 Sell

Key Statistics

Valuation

Market Cap

5.5T

P/E Ratio

0.99

P/B Ratio

13043.48

P/S Ratio

6046.76

EV/EBITDA

-97151.30

Profitability

ROE

+58.52%

ROA

-1.83%

Gross Margin

+4.94%

Op. Margin

-17.67%

Net Margin

+33.91%

Growth & Health

Rev Growth

—

EPS Growth

—

Div Yield

—

Debt/Equity

1.34

Current Ratio

0.73

EPS

301.72

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Valuation vs Peers

How Krakatau Steel (Persero) Tbk compares to 0 peers in Barang Baku.

P/E Ratio

0.99x

P/B Ratio

13043.48x

P/S Ratio

6046.76x

EV/EBITDA

-97151.30x

Intrinsic Value

Intrinsic value data is not available for KRAS.

Valuation & Metrics

Ownership Structure

Peer Comparison

Financial Statements

Income Flow — 2026-03-31

Revenue

262.4M

COGS

-224.2M

Gross Profit

38.2M

OpEx

-25.6M

Op. Income

12.6M

Tax & Other

-10.0M

Net Income

2.6M

Net margin: 1.0% of revenue flows to net income.

Financial Statements

Metric	2026-03-31	2025-12-31
Revenue	262.4M	253.8M
Gross Profit	38.2M	-2.4M
Operating Income	12.6M	-48.4M
Net Income	2.6M	303.3M
EBITDA	30.1M	486.9M
Total Assets	2.9B	2.8B
Total Equity	745.7M	725.5M
Total Debt	1.3B	1.1B
Operating Cash Flow	—	—
Free Cash Flow	-150.1M	3.1M

Dividend History

TTM Div Yield

—

Payout Ratio

—

EPS

301,72

Corporate Actions

Insider Trades

Broker Flow

Research Notes

Krakatau Steel (KRAS) reported a strong start to 2026, with Q1 revenue up 11.8% YoY to US $262.4 million and a turnaround to a net profit of US $2.6 million, while total assets rose to US $2.9 billion and equity to US $745.7 million. Management credited the improvement to a shareholder‑backed restructuring and financing package from Danantara, which bolstered liquidity and operational efficiency. The upbeat results are expected to lift investor sentiment and support KRAS’s share price in the near term.

BearishKontan Market14 Apr

In 2025‑2026 Indonesian steel issuers posted mixed results as global hot‑rolled coil (HRC) price volatility squeezed margins. PT Gunung Raja Paksi (GGRP) saw net sales fall 46.7% YoY and record a US$ 36.8 million loss, while PT Krakatau Steel (KRAS) rebounded to a US$ 339.6 million profit and Spindo (ISSP) posted a modest 0.8% profit rise but a 2.9% revenue decline due to weaker HRC prices. The earnings divergence and cheap Chinese imports kept sentiment bearish on the steel sector, limiting broader market upside despite stable domestic demand.

NeutralBloomberg Technoz10 Apr

GIAA & KRAS Dihantui Posisi Rupiah Paling Buruk dalam Sejarah

NeutralKontan Market2 Apr

PT Aspirasi Hidup Indonesia Tbk (ACES) posted a modest 0.65% rise in net sales to Rp 8.63 trillion in 2025, but higher cost of goods sold, operating expenses and a sharp drop in non‑operating income drove gross profit down 1.6% and net profit down about 25% to Rp 662.5 billion, cutting earnings per share to Rp 38.96. The company’s balance sheet remained solid, with assets up to Rp 8.52 trillion and cash at Rp 2.3 trillion. The profit deterioration is expected to weigh on ACES’s share price, likely prompting a bearish reaction in the Indonesian market.

NeutralKontan Market2 Apr

Krakatau Steel (KRAS) reported a net profit of US $339.64 million for 2025, largely stemming from accounting gains on a comprehensive debt‑restructuring program, with total revenue of US $959.84 million and steel sales up 29% year‑on‑year. The restructuring reduced liabilities by about 17% and more than doubled equity, strengthening the company’s balance sheet. The upbeat results are expected to buoy KRAS’s share price and lift sentiment in Indonesia’s steel sector and the broader market.

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Management

Board of Directors

Muhamad AkbarDIREKTUR UTAMA

Daniel Fitzgerald LimanDIREKTUR

HernowoDIREKTUR

Suryantoro WaluyoDIREKTUR

Sidik DarusulistyoDIREKTUR

Board of Commissioners

Hendro MartowardojoKOMISARIS UTAMA

Setia DiartaKOMISARIS

Adityo Haryo BimoKOMISARIS

David PajungKOMISARIS

Wilgo ZainarKOMISARIS