Financials PT Alkindo Naratama Tbk

Equities

ALDO

ID1000120207

Paper Packaging

End-of-day quote INDONESIA S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
850 IDR -1.73% Intraday chart for PT Alkindo Naratama Tbk +1.19% -8.60%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 330,000 368,500 470,800 624,299 1,301,136 1,047,415
Enterprise Value (EV) 1 413,854 449,539 641,606 724,363 1,433,420 1,511,621
P/E ratio 25.1 x 15.2 x 7.7 x 12.4 x 14.5 x 16.2 x
Yield 0.27% 0.16% 0.26% 0.26% 0.16% 0.12%
Capitalization / Revenue 0.47 x 0.47 x 0.43 x 0.56 x 0.89 x 0.75 x
EV / Revenue 0.58 x 0.57 x 0.59 x 0.65 x 0.98 x 1.08 x
EV / EBITDA 6.82 x 5.29 x 3.79 x 5.76 x 8.11 x 10.8 x
EV / FCF -10.4 x 162 x 22.3 x 12 x -26 x -5.1 x
FCF Yield -9.64% 0.62% 4.48% 8.32% -3.85% -19.6%
Price to Book 2.15 x 2.08 x 1.13 x 1.35 x 1.86 x 1.38 x
Nbr of stocks (in thousands) 550,000 550,000 1,100,000 1,095,261 1,301,136 1,301,136
Reference price 2 600.0 670.0 428.0 570.0 1,000 805.0
Announcement Date 3/28/18 3/29/19 4/6/20 3/25/21 3/17/22 3/31/23
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 708,741 789,644 1,096,436 1,105,921 1,457,267 1,401,914
EBITDA 1 60,654 84,948 169,441 125,774 176,639 139,722
EBIT 1 47,785 72,620 139,178 94,042 142,253 103,126
Operating Margin 6.74% 9.2% 12.69% 8.5% 9.76% 7.36%
Earnings before Tax (EBT) 1 38,622 57,208 109,633 83,963 129,768 84,845
Net income 1 13,170 24,249 56,315 50,565 75,859 65,304
Net margin 1.86% 3.07% 5.14% 4.57% 5.21% 4.66%
EPS 2 23.95 44.09 55.61 45.97 68.89 49.59
Free Cash Flow 1 -39,914 2,769 28,775 60,301 -55,120 -296,498
FCF margin -5.63% 0.35% 2.62% 5.45% -3.78% -21.15%
FCF Conversion (EBITDA) - 3.26% 16.98% 47.94% - -
FCF Conversion (Net income) - 11.42% 51.1% 119.25% - -
Dividend per Share 2 1.600 1.100 1.100 1.500 1.600 1.000
Announcement Date 3/28/18 3/29/19 4/6/20 3/25/21 3/17/22 3/31/23
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 83,854 81,039 170,806 100,064 132,283 464,207
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.382 x 0.954 x 1.008 x 0.7956 x 0.7489 x 3.322 x
Free Cash Flow 1 -39,914 2,769 28,775 60,301 -55,120 -296,498
ROE (net income / shareholders' equity) 13.5% 17% 16% 11.6% 15.6% 8.96%
ROA (Net income/ Total Assets) 6.57% 8.86% 9.6% 6.26% 8.22% 4.64%
Assets 1 200,436 273,765 586,825 808,104 923,353 1,408,147
Book Value Per Share 2 279.0 322.0 378.0 421.0 536.0 585.0
Cash Flow per Share 2 16.60 22.00 17.10 23.00 73.90 31.10
Capex 1 48,100 11,114 47,081 45,861 114,162 348,379
Capex / Sales 6.79% 1.41% 4.29% 4.15% 7.83% 24.85%
Announcement Date 3/28/18 3/29/19 4/6/20 3/25/21 3/17/22 3/31/23
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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