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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 7.9x - 8.7x | 8.3x |
Selected Fwd P/E Multiple | 7.0x - 7.8x | 7.4x |
Fair Value | Rp899.54 - Rp994.23 | Rp946.88 |
Upside | 5.8% - 17.0% | 11.4% |
Benchmarks | - | Full Ticker |
PT Astra Agro Lestari Tbk | - | IDX:AALI |
PT Diamond Food Indonesia Tbk | - | IDX:DMND |
PT Nippon Indosari Corpindo Tbk | - | IDX:ROTI |
PT Ultrajaya Milk Industry & Trading Company Tbk | - | IDX:ULTJ |
PT Cerestar Indonesia Tbk | - | IDX:TRGU |
PT Sumber Tani Agung Resources Tbk | - | IDX:STAA |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
AALI | DMND | ROTI | ULTJ | TRGU | STAA | |||
IDX:AALI | IDX:DMND | IDX:ROTI | IDX:ULTJ | IDX:TRGU | IDX:STAA | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 40.3% | 0.0% | 3.8% | 1.9% | NM- | 53.5% | ||
3Y CAGR | -16.5% | 1.7% | 8.5% | -3.7% | NM- | 6.0% | ||
Latest Twelve Months | 8.7% | 17.0% | 8.8% | -2.8% | -4264.9% | 88.0% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 6.1% | 4.1% | 8.4% | 15.9% | 0.1% | 18.9% | ||
Prior Fiscal Year | 5.1% | 3.4% | 8.7% | 14.1% | 0.0% | 12.9% | ||
Latest Fiscal Year | 5.3% | 3.7% | 9.2% | 12.8% | -1.3% | 19.9% | ||
Latest Twelve Months | 5.3% | 3.7% | 9.2% | 12.8% | -1.3% | 19.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 3.5x | 10.4x | 7.6x | 7.6x | 20.3x | 4.4x | ||
Price / LTM Sales | 0.5x | 0.7x | 1.3x | 1.6x | 0.3x | 1.4x | ||
LTM P/E Ratio | 9.6x | 20.2x | 14.0x | 12.7x | -22.1x | 7.2x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -22.1x | 12.7x | 20.2x | |||||
Historical LTM P/E Ratio | 7.2x | 9.0x | 13.7x | |||||
Selected P/E Multiple | 7.9x | 8.3x | 8.7x | |||||
(x) LTM Net Income | 1,282,223 | 1,282,223 | 1,282,223 | |||||
(=) Equity Value | 10,126,343 | 10,659,308 | 11,192,274 | |||||
(/) Shares Outstanding | 10,903.4 | 10,903.4 | 10,903.4 | |||||
Implied Value Range | 928.73 | 977.62 | 1,026.50 | |||||
FX Rate: IDR/IDR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 928.73 | 977.62 | 1,026.50 | 850.00 | ||||
Upside / (Downside) | 9.3% | 15.0% | 20.8% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | AALI | DMND | ROTI | ULTJ | TRGU | STAA | |
Value of Common Equity | 10,970,723 | 7,337,978 | 5,066,396 | 14,401,473 | 1,430,174 | 9,267,867 | |
(/) Shares Outstanding | 1,924.7 | 9,468.4 | 5,692.6 | 10,398.2 | 7,945.4 | 10,903.4 | |
Implied Stock Price | 5,700.00 | 775.00 | 890.00 | 1,385.00 | 180.00 | 850.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 5,700.00 | 775.00 | 890.00 | 1,385.00 | 180.00 | 850.00 | |
Trading Currency | IDR | IDR | IDR | IDR | IDR | IDR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |