Antam Shares Currently Undervalued, Anticipating Massive Dividend Payout!

The Annual General Meeting of Shareholders (AGMS) of PT Aneka Tambang Tbk (ANTM) is scheduled to take place next Wednesday, 10 June 2026. This meeting is garnering significant attention given the strong performance of gold prices over the last two years. One of the key elements investors are awaiting is the magnitude of the cash dividend to be distributed. Market expectations are driven by the mining company’s fundamental performance, which showed significant net profit growth throughout the 2025 fiscal year. Furthermore, ANTM allocated 100% of its 2023 and 2024 profits to dividends, and the public is waiting to see if a similar approach will be adopted this year.

Company Net Profit Growth Trend

ANTM’s financial performance growth is clearly reflected in the company’s annual net profit realisation. Through operational expansion and cost efficiency, ANTM has recorded a consistent upward trend in net profit over the last six years. This peaked in the 2025 fiscal year, where the company’s net profit surged drastically to reach Rp 7.21 trillion, nearly doubling compared to the previous year’s achievement.

Dividend Value Projection and Estimated Yield

The surge in net profit for the 2025 fiscal year has directly boosted the Earnings Per Share (EPS) to 299.98. If ANTM’s management maintains a Dividend Payout Ratio (DPR) of 100%, as seen in the 2023 and 2024 fiscal years, the Dividend Per Share (DPS) distributed to investors is projected to reach 299.98 per share. This estimated dividend value offers a relatively competitive return on investment for shareholders. Based on the closing price of ANTM shares on 5 June 2026 at Rp 2,750 per share, a projected dividend of 299.98 would result in an estimated dividend yield of 10.91%. This yield figure has the potential to act as a positive sentiment in the regular market leading up to the cum-dividend date.

The increasing trend in net profit, followed by an optimal dividend allocation policy, reflects the company’s adequate internal liquidity. However, final certainty regarding the dividend amount remains entirely dependent on the shareholders’ decision during the AGMS on 10 June 2026. Nevertheless, considering Danantara’s interest in receiving high dividends, a 100% DPR is highly possible, with a potential yield reaching 10.91%.