Financials PT Nippon Indosari Corpindo Tbk

Equities

ROTI

ID1000129703

Food Processing

End-of-day quote INDONESIA S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1,140 IDR -0.87% Intraday chart for PT Nippon Indosari Corpindo Tbk -5.79% -0.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,938,877 7,903,579 8,232,892 7,550,958 6,558,719 6,501,687 - -
Enterprise Value (EV) 2 7,939 7,416 8,008 7,421 6,559 5,910 6,177 5,818
P/E ratio 26.4 x 37.8 x 29.5 x 17.6 x 19.7 x 16.5 x 15 x 13.5 x
Yield 1.98% 3.57% 4.43% - - 5.98% 5.32% 5.12%
Capitalization / Revenue 2.38 x 2.46 x 2.5 x 1.92 x 1.72 x 1.57 x 1.43 x 1.37 x
EV / Revenue 2.38 x 2.31 x 2.44 x 1.89 x 1.72 x 1.43 x 1.36 x 1.22 x
EV / EBITDA 15.4 x 16.6 x 13.5 x 8.96 x - 8.69 x 8.08 x 7.16 x
EV / FCF - - 15.9 x 13.5 x - 11.1 x 10.4 x 8.19 x
FCF Yield - - 6.3% 7.42% - 9.01% 9.6% 12.2%
Price to Book 2.59 x 2.45 x 2.96 x 2.81 x - 2.39 x 2.57 x 2.15 x
Nbr of stocks (in thousands) 6,106,828 5,811,455 6,053,597 5,720,423 5,703,234 5,703,234 - -
Reference price 3 1,300 1,360 1,360 1,320 1,150 1,140 1,140 1,140
Announcement Date 3/2/20 3/31/21 3/7/22 3/2/23 3/1/24 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,337 3,212 3,288 3,935 3,821 4,144 4,543 4,757
EBITDA 1 516.1 447.7 593 828.5 - 680.1 764.9 812.5
EBIT 1 356.9 255.3 409.7 638.3 478.2 538.6 600.8 655.5
Operating Margin 10.7% 7.95% 12.46% 16.22% 12.52% 13% 13.23% 13.78%
Earnings before Tax (EBT) 1 347.1 160.4 376 572.8 428 521.9 576.8 642.9
Net income 1 301 215.1 281.3 432.2 333.3 399.4 441.1 494.3
Net margin 9.02% 6.7% 8.56% 10.98% 8.72% 9.64% 9.71% 10.39%
EPS 2 49.29 35.98 46.11 74.98 58.44 69.09 75.87 84.53
Free Cash Flow 3 - - 504,522 550,314 - 532,600 593,200 710,600
FCF margin - - 15,346.09% 13,984.47% - 12,853.25% 13,058.12% 14,938.2%
FCF Conversion (EBITDA) - - 85,076.91% 66,420.02% - 78,314.89% 77,548.06% 87,462.05%
FCF Conversion (Net income) - - 179,327.13% 127,322.63% - 133,358.37% 134,489.6% 143,749.16%
Dividend per Share 2 25.73 48.49 60.20 - - 68.20 60.60 58.40
Announcement Date 3/2/20 3/31/21 3/7/22 3/2/23 3/1/24 - - -
1IDR in Billions2IDR3IDR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 878 853 - 882.9 1,073 - - 1,014 983.2 - - - - -
EBITDA - - - - - - - - - - - - - -
EBIT 123.3 115.9 - 84.54 259.3 - - 158.5 144.3 - - - - -
Operating Margin 14.04% 13.58% - 9.58% 24.17% - - 15.64% 14.68% - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - - - 111.2 103.4 - - - - -
Net margin - - - - - - - 10.97% 10.51% - - - - -
EPS 14.46 11.82 - 10.00 29.39 - - 18.52 19.10 - - - - -
Dividend per Share 1 - 60.20 - - - - - - - - - - 41.88 -
Announcement Date 10/26/21 3/7/22 4/26/22 7/26/22 3/2/23 6/1/23 9/1/23 10/30/23 3/1/24 - - - - -
1IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 487 225 130 - 592 325 684
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 - - 504,522 550,314 - 532,600 593,200 710,600
ROE (net income / shareholders' equity) 10.2% 6.83% 9.26% 15.6% - 15.4% 16.5% 16.5%
ROA (Net income/ Total Assets) 6.63% 4.71% 6.51% 10.4% - 9.67% 10.3% 11%
Assets 1 4,540 4,567 4,322 4,161 - 4,131 4,296 4,480
Book Value Per Share 3 503.0 555.0 459.0 470.0 - 477.0 444.0 530.0
Cash Flow per Share - - - - - - - -
Capex 1 548 456 218 176 - 162 189 121
Capex / Sales 16.41% 14.18% 6.64% 4.48% - 3.91% 4.15% 2.54%
Announcement Date 3/2/20 3/31/21 3/7/22 3/2/23 3/1/24 - - -
1IDR in Billions2IDR in Million3IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
1,140 IDR
Average target price
1,450 IDR
Spread / Average Target
+27.19%
Consensus
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