PT BUDI STARCH & SWEETENER TBK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 272 IDR | -2.86% |
|
-4.23% | -2.16% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 431,904 | 463,397 | 445,401 | 805,321 | 1,016,773 | 1,250,721 |
| Enterprise Value (EV) 1 | 1,842,332 | 1,681,314 | 1,572,347 | 1,854,806 | 2,203,002 | 2,439,331 |
| P/E ratio | 8.99 x | 7.57 x | 7.13 x | 9.67 x | 11.4 x | 12.4 x |
| Yield | - | - | 6.06% | 4.47% | 3.54% | - |
| Capitalization / Revenue | 0.16 x | 0.15 x | 0.16 x | 0.24 x | 0.3 x | 0.32 x |
| EV / Revenue | 0.7 x | 0.56 x | 0.58 x | 0.55 x | 0.65 x | 0.62 x |
| EV / EBITDA | 5.66 x | 4.17 x | 4.06 x | 4.45 x | 5.23 x | 5.4 x |
| EV / FCF | -9.16 x | 7.99 x | 20.5 x | 16.1 x | -21.3 x | 41.3 x |
| FCF Yield | -10.9% | 12.5% | 4.89% | 6.23% | -4.7% | 2.42% |
| Price to Book | 0.38 x | 0.39 x | 0.36 x | 0.63 x | 0.76 x | 0.85 x |
| Nbr of stocks (in thousands) | 4,498,997 | 4,498,997 | 4,498,997 | 4,498,997 | 4,498,997 | 4,498,997 |
| Reference price 2 | 96.00 | 103.0 | 99.00 | 179.0 | 226.0 | 278.0 |
| Announcement Date | 3/29/19 | 4/20/20 | 6/29/21 | 4/27/22 | 3/31/23 | 3/28/24 |
1IDR in Million2IDR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,647,193 | 3,003,768 | 2,725,866 | 3,374,782 | 3,382,326 | 3,944,953 |
| EBITDA 1 | 325,391 | 403,657 | 387,008 | 417,094 | 421,204 | 451,640 |
| EBIT 1 | 193,931 | 231,778 | 197,235 | 222,715 | 222,973 | 241,959 |
| Operating Margin | 7.33% | 7.72% | 7.24% | 6.6% | 6.59% | 6.13% |
| Earnings before Tax (EBT) 1 | 71,781 | 83,905 | 69,312 | 113,965 | 116,031 | 127,311 |
| Net income 1 | 48,064 | 61,228 | 62,496 | 83,283 | 88,961 | 100,802 |
| Net margin | 1.82% | 2.04% | 2.29% | 2.47% | 2.63% | 2.56% |
| EPS 2 | 10.68 | 13.61 | 13.89 | 18.51 | 19.77 | 22.41 |
| Free Cash Flow 1 | -201,158 | 210,413 | 76,884 | 115,473 | -103,640 | 59,006 |
| FCF margin | -7.6% | 7% | 2.82% | 3.42% | -3.06% | 1.5% |
| FCF Conversion (EBITDA) | - | 52.13% | 19.87% | 27.69% | - | 13.06% |
| FCF Conversion (Net income) | - | 343.66% | 123.02% | 138.65% | - | 58.54% |
| Dividend per Share | - | - | 6.000 | 8.000 | 8.000 | - |
| Announcement Date | 3/29/19 | 4/20/20 | 6/29/21 | 4/27/22 | 3/31/23 | 3/28/24 |
1IDR in Million2IDR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,410,428 | 1,217,917 | 1,126,946 | 1,049,485 | 1,186,229 | 1,188,610 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.335 x | 3.017 x | 2.912 x | 2.516 x | 2.816 x | 2.632 x |
| Free Cash Flow 1 | -201,158 | 210,413 | 76,884 | 115,473 | -103,640 | 59,006 |
| ROE (net income / shareholders' equity) | 4.17% | 5.1% | 5.15% | 6.77% | 6.57% | 6.75% |
| ROA (Net income/ Total Assets) | 3.83% | 4.53% | 4.13% | 4.67% | 4.52% | 4.65% |
| Assets 1 | 1,255,558 | 1,351,015 | 1,511,500 | 1,781,874 | 1,968,381 | 2,166,900 |
| Book Value Per Share 2 | 253.0 | 264.0 | 272.0 | 284.0 | 296.0 | 326.0 |
| Cash Flow per Share 2 | 11.80 | 5.380 | 14.20 | 13.30 | 14.50 | 25.90 |
| Capex 1 | 149,672 | 67,424 | 66,192 | 96,761 | 109,813 | 99,091 |
| Capex / Sales | 5.65% | 2.24% | 2.43% | 2.87% | 3.25% | 2.51% |
| Announcement Date | 3/29/19 | 4/20/20 | 6/29/21 | 4/27/22 | 3/31/23 | 3/28/24 |
1IDR in Million2IDR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.16% | 75.45M | |
| +27.40% | 6.73B | |
| +0.22% | 6.48B | |
| +3.56% | 5.3B | |
| +5.77% | 2.56B | |
| +41.57% | 2.19B | |
| -0.70% | 1.61B | |
| +17.48% | 1.04B | |
| +15.70% | 890M | |
| -7.47% | 771M |
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