Elevator Pitch
The share price Indonesia-listed coal mining company PT Adaro Energy Tbk (OTCPK:ADOOY) (OTC:PADEF) [ADRO:IJ] is now about half of its January 2018 peak, as the stock was sold down on declining coal prices.
Adaro Energy currently trades at 8.2 times consensus forward FY2020 P/E representing a discount to the stock's historical five-year average forward P/E of approximately 9 times. The stock also offers a consensus forward FY2020 dividend yield of 4.9%. The company's 1H2019 earnings have been stronger than expected thanks to the company's tight cost management and strong