ऐसा लगता है कि इस पृष्ठ को लोड करने का प्रयास करते समय कोई त्रुटि हुई है.
हमारी टीम को सूचित कर दिया गया है लेकिन अगर समस्या बनी रहती है तो कृपया ईमेल सपोर्ट विजेट का उपयोग करके हमसे संपर्क करें।
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 13.3x - 14.7x | 14.0x |
| Selected Fwd EBITDA Multiple | 7.9x - 8.7x | 8.3x |
| Fair Value | Rp2,118 - Rp2,335 | Rp2,226 |
| Upside | 3.3% - 13.9% | 8.6% |
| Benchmarks | Ticker | Full Ticker |
| PT Japfa Comfeed Indonesia Tbk | JPFA | IDX:JPFA |
| Thanh Thanh Cong - Bien Hoa Joint Stock Company | SBT | HOSE:SBT |
| PT Charoen Pokphand Indonesia Tbk | CPIN | IDX:CPIN |
| PT Indofood Sukses Makmur Tbk | INDF | IDX:INDF |
| PT Hanjaya Mandala Sampoerna Tbk | HMSP | IDX:HMSP |
| PT Sumber Alfaria Trijaya Tbk | AMRT | IDX:AMRT |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| JPFA | SBT | CPIN | INDF | HMSP | AMRT | ||
| IDX:JPFA | HOSE:SBT | IDX:CPIN | IDX:INDF | IDX:HMSP | IDX:AMRT | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 8.6% | 33.2% | 4.7% | 15.6% | -11.2% | 14.6% | |
| 3Y CAGR | 12.8% | 11.1% | 8.0% | 13.3% | -5.0% | 12.7% | |
| Latest Twelve Months | 91.4% | 5.2% | 49.9% | 12.6% | -12.5% | -1.1% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 8.9% | 8.7% | 11.3% | 20.6% | 23.0% | 4.8% | |
| Prior Fiscal Year | 6.3% | 8.2% | 7.9% | 21.1% | 18.6% | 5.5% | |
| Latest Fiscal Year | 11.1% | 7.5% | 10.8% | 22.9% | 7.3% | 4.9% | |
| Latest Twelve Months | 11.1% | 7.6% | 10.8% | 22.9% | 7.3% | 4.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.61x | 0.64x | 1.12x | 1.05x | 0.53x | 0.71x | |
| EV / LTM EBITDA | 5.5x | 8.4x | 10.4x | 4.6x | 7.2x | 14.3x | |
| EV / LTM EBIT | 6.6x | 10.8x | 12.8x | 5.3x | 8.1x | 20.7x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 4.6x | 7.2x | 10.4x | ||||
| Historical EV / LTM EBITDA | 12.5x | 14.5x | 23.6x | ||||
| Selected EV / LTM EBITDA | 13.3x | 14.0x | 14.7x | ||||
| (x) LTM EBITDA | 5,837,976 | 5,837,976 | 5,837,976 | ||||
| (=) Implied Enterprise Value | 77,457,583 | 81,534,297 | 85,611,012 | ||||
| (-) Non-shareholder Claims * | 2,523,195 | 2,523,195 | 2,523,195 | ||||
| (=) Equity Value | 79,980,778 | 84,057,492 | 88,134,207 | ||||
| (/) Shares Outstanding | 41,524.5 | 41,524.5 | 41,524.5 | ||||
| Implied Value Range | 1,926.11 | 2,024.29 | 2,122.46 | ||||
| FX Rate: IDR/IDR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 1,926.11 | 2,024.29 | 2,122.46 | 2,050.00 | |||
| Upside / (Downside) | -6.0% | -1.3% | 3.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | JPFA | SBT | CPIN | INDF | HMSP | AMRT | |
| Enterprise Value | 33,572,778 | 19,205,842 | 75,615,223 | 121,959,226 | 61,988,042 | 82,602,033 | |
| (+) Cash & Short Term Investments | 1,356,331 | 8,775,958 | 4,846,038 | 48,224,984 | 2,369,521 | 4,934,957 | |
| (+) Investments & Other | 281,816 | 4,763,508 | 74,185 | 7,494,144 | 90,781 | 780,076 | |
| (-) Debt | (10,743,624) | (20,343,669) | (8,533,263) | (71,459,547) | (473,402) | (1,873,569) | |
| (-) Other Liabilities | (1,095,684) | (89,532) | (14,963) | (43,877,779) | 0 | (1,318,269) | |
| (-) Preferred Stock | 0 | (216,113) | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 23,371,617 | 12,095,994 | 71,987,220 | 62,341,028 | 63,974,942 | 85,125,228 | |
| (/) Shares Outstanding | 11,627.7 | 814.5 | 16,398.0 | 8,780.4 | 116,318.1 | 41,524.5 | |
| Implied Stock Price | 2,010.00 | 14,850.00 | 4,390.00 | 7,100.00 | 550.00 | 2,050.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 2,010.00 | 14,850.00 | 4,390.00 | 7,100.00 | 550.00 | 2,050.00 | |
| Trading Currency | IDR | VND | IDR | IDR | IDR | IDR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |