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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 5.2x - 5.8x | 5.5x |
Selected Fwd P/E Multiple | 8.1x - 9.0x | 8.5x |
Fair Value | Rp563.74 - Rp623.08 | Rp593.41 |
Upside | 2.5% - 13.3% | 7.9% |
Benchmarks | - | Full Ticker |
Indofood Agri Resources Ltd. | - | SGX:5JS |
PT Diamond Food Indonesia Tbk | - | IDX:DMND |
PT Sumber Tani Agung Resources Tbk | - | IDX:STAA |
PT Sawit Sumbermas Sarana Tbk. | - | IDX:SSMS |
PT Astra Agro Lestari Tbk | - | IDX:AALI |
PT Salim Ivomas Pratama Tbk | - | IDX:SIMP |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
5JS | DMND | STAA | SSMS | AALI | SIMP | |||
SGX:5JS | IDX:DMND | IDX:STAA | IDX:SSMS | IDX:AALI | IDX:SIMP | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 0.0% | 53.5% | 134.0% | 40.3% | NM- | ||
3Y CAGR | 13.8% | 1.7% | 6.0% | -18.5% | -16.5% | 16.1% | ||
Latest Twelve Months | 82.1% | 20.9% | 88.8% | 61.6% | 12.5% | 89.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 5.3% | 4.0% | 19.2% | 15.5% | 6.2% | 6.7% | ||
Prior Fiscal Year | 3.8% | 3.4% | 12.9% | 4.8% | 5.1% | 4.6% | ||
Latest Fiscal Year | 7.0% | 3.7% | 19.9% | 7.8% | 5.3% | 9.7% | ||
Latest Twelve Months | 7.0% | 3.5% | 20.3% | 7.6% | 5.0% | 9.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 3.4x | 6.9x | 3.9x | 8.0x | 3.1x | 2.7x | ||
Price / LTM Sales | 0.4x | 0.5x | 1.3x | 1.1x | 0.5x | 0.5x | ||
LTM P/E Ratio | 5.2x | 14.1x | 6.4x | 14.9x | 10.2x | 5.0x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 5.2x | 10.2x | 14.9x | |||||
Historical LTM P/E Ratio | -26.2x | 5.3x | 7.9x | |||||
Selected P/E Multiple | 5.2x | 5.5x | 5.8x | |||||
(x) LTM Net Income | 1,690,381 | 1,690,381 | 1,690,381 | |||||
(=) Equity Value | 8,810,617 | 9,274,334 | 9,738,050 | |||||
(/) Shares Outstanding | 15,501.3 | 15,501.3 | 15,501.3 | |||||
Implied Value Range | 568.38 | 598.29 | 628.21 | |||||
FX Rate: IDR/IDR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 568.38 | 598.29 | 628.21 | 550.00 | ||||
Upside / (Downside) | 3.3% | 8.8% | 14.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 5JS | DMND | STAA | SSMS | AALI | SIMP | |
Value of Common Equity | 5,842,189 | 4,923,547 | 8,940,766 | 13,192,125 | 12,173,654 | 8,525,721 | |
(/) Shares Outstanding | 1,395.9 | 9,468.4 | 10,903.4 | 9,525.0 | 1,924.7 | 15,501.3 | |
Implied Stock Price | 4,185.24 | 520.00 | 820.00 | 1,385.00 | 6,325.00 | 550.00 | |
FX Conversion Rate to Trading Currency | 12,682.53 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 0.33 | 520.00 | 820.00 | 1,385.00 | 6,325.00 | 550.00 | |
Trading Currency | SGD | IDR | IDR | IDR | IDR | IDR | |
FX Rate to Reporting Currency | 12,682.53 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |