PT AKR CORPORINDO TBK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,660 IDR | 0.00% |
|
-0.90% | +12.54% |
| Mar. 21 | PT AKR Corporindo Tbk Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | PT AKR Corporindo Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 15,858,045 | 12,552,840 | 16,223,953 | 27,632,037 | 29,112,325 | 32,763,702 | - | - |
| Enterprise Value (EV) 2 | 18,607 | 15,120 | 16,681 | 27,632 | 29,112 | 25,176 | 26,036 | 20,033 |
| P/E ratio | 21.9 x | 13.6 x | 14.6 x | 11.5 x | 10.5 x | 11.6 x | 10.4 x | 9.36 x |
| Yield | 2.78% | 1.57% | 3.53% | - | - | 6.09% | 5.61% | 6.85% |
| Capitalization / Revenue | 0.73 x | 0.71 x | 0.63 x | 0.58 x | 0.69 x | 0.77 x | 0.71 x | 0.67 x |
| EV / Revenue | 0.86 x | 0.85 x | 0.65 x | 0.58 x | 0.69 x | 0.59 x | 0.56 x | 0.41 x |
| EV / EBITDA | 13.1 x | 9.48 x | 9.21 x | 7.97 x | 7.37 x | 6.24 x | 5.66 x | 3.85 x |
| EV / FCF | -156 x | 20.8 x | 6.17 x | 11.8 x | - | 3.51 x | 6.1 x | 3.35 x |
| FCF Yield | -0.64% | 4.8% | 16.2% | 8.46% | - | 28.5% | 16.4% | 29.8% |
| Price to Book | 1.9 x | 1.43 x | 1.74 x | 2.52 x | - | 2.76 x | 2.38 x | 2.22 x |
| Nbr of stocks (in thousands) | 20,073,475 | 19,737,170 | 19,737,170 | 19,737,170 | 19,737,170 | 19,737,170 | - | - |
| Reference price 3 | 790.0 | 636.0 | 822.0 | 1,400 | 1,475 | 1,660 | 1,660 | 1,660 |
| Announcement Date | 3/17/20 | 3/25/21 | 3/22/22 | 3/24/23 | 3/20/24 | - | - | - |
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 | 21,703 | 17,716 | 25,707 | 47,540 | 42,087 | 42,500 | 46,242 | 48,943 |
| EBITDA 1 | 1,421 | 1,595 | 1,812 | 3,465 | 3,953 | 4,034 | 4,600 | 5,203 |
| EBIT 1 | 1,094 | 1,258 | 1,455 | 3,087 | 3,561 | 3,604 | 4,080 | 4,590 |
| Operating Margin | 5.04% | 7.1% | 5.66% | 6.49% | 8.46% | 8.48% | 8.82% | 9.38% |
| Earnings before Tax (EBT) 1 | 899.1 | 1,227 | 1,437 | 3,086 | 3,687 | 3,987 | 4,314 | 4,652 |
| Net income 1 | 717.2 | 924.9 | 1,112 | 2,403 | 2,780 | 2,829 | 3,147 | 3,409 |
| Net margin | 3.3% | 5.22% | 4.33% | 5.06% | 6.61% | 6.66% | 6.81% | 6.96% |
| EPS 2 | 36.06 | 46.71 | 56.32 | 121.8 | 140.9 | 143.3 | 159.8 | 177.3 |
| Free Cash Flow 3 | -119,497 | 725,956 | 2,702,799 | 2,338,662 | - | 7,169,000 | 4,269,750 | 5,978,500 |
| FCF margin | -550.61% | 4,097.76% | 10,513.84% | 4,919.36% | - | 16,868.36% | 9,233.5% | 12,215.13% |
| FCF Conversion (EBITDA) | - | 45,525.52% | 149,176.41% | 67,489.1% | - | 177,704.13% | 92,822.6% | 114,912.13% |
| FCF Conversion (Net income) | - | 78,488.68% | 243,057.45% | 97,309.03% | - | 253,408.95% | 135,672.14% | 175,385.68% |
| Dividend per Share 2 | 22.00 | 10.00 | 29.00 | - | - | 101.2 | 93.05 | 113.7 |
| Announcement Date | 3/17/20 | 3/25/21 | 3/22/22 | 3/24/23 | 3/20/24 | - | - | - |
1IDR in Billions2IDR3IDR in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 10,134 | 11,975 | - | 8,963 | 10,123 | - | 9,811 | 11,967 | 11,046 | 13,808 | 9,954 | 12,940 |
| EBITDA 1 | - | - | - | - | - | - | 1,465 | - | 1,190 | 1,098 | 1,373 | 1,046 | 1,360 |
| EBIT 1 | - | - | - | - | 552.6 | - | - | 692.3 | 1,077 | 994.1 | 1,243 | 955.9 | 1,243 |
| Operating Margin | - | - | - | - | 6.16% | - | - | 7.06% | 9% | 9% | 9% | 9.6% | 9.6% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 315 | - | - | 607.3 | 423.7 | - | 1,070 | 595.5 | - | - | - | - | - |
| Net margin | - | - | - | - | 4.73% | - | - | 6.07% | - | - | - | - | - |
| EPS 2 | - | - | - | 30.77 | - | - | - | 30.17 | 40.98 | 37.83 | 47.29 | 35.83 | 46.58 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 122.9 | - | - |
| Announcement Date | 3/22/22 | 4/25/22 | 7/25/22 | 4/26/23 | 7/26/23 | 10/25/23 | 3/20/24 | 4/25/24 | - | - | - | - | - |
1IDR in Billions2IDR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,749 | 2,567 | 457 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 7,588 | 6,728 | 12,731 |
| Leverage (Debt/EBITDA) | 1.935 x | 1.61 x | 0.2523 x | - | - | - | - | - |
| Free Cash Flow 2 | -119,497 | 725,956 | 2,702,799 | 2,338,662 | - | 7,169,000 | 4,269,750 | 5,978,500 |
| ROE (net income / shareholders' equity) | 8.59% | 10.8% | 12.3% | 23.7% | - | 25.1% | 24.3% | 26.1% |
| ROA (Net income/ Total Assets) | 3.47% | 4.61% | 5.27% | 9.48% | - | 9.8% | 10.2% | 9.9% |
| Assets 1 | 20,675 | 20,046 | 21,103 | 25,348 | - | 28,863 | 30,795 | 34,432 |
| Book Value Per Share 3 | 415.0 | 443.0 | 473.0 | 556.0 | - | 601.0 | 698.0 | 746.0 |
| Cash Flow per Share 3 | 34.60 | 53.90 | 149.0 | 133.0 | 177.0 | 290.0 | 251.0 | 266.0 |
| Capex 1 | 807 | 341 | 242 | 2,629 | - | 300 | 246 | 224 |
| Capex / Sales | 3.72% | 1.92% | 0.94% | 5.53% | - | 0.71% | 0.53% | 0.46% |
| Announcement Date | 3/17/20 | 3/25/21 | 3/22/22 | 3/24/23 | 3/20/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
1,660
IDR
Average target price
1,974
IDR
Spread / Average Target
+18.89%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.54% | 2.04B | |
| -3.14% | 6.01B | |
| -0.18% | 4.57B | |
| -13.15% | 3.93B | |
| +38.93% | 3.46B | |
| -2.01% | 3.57B | |
| +23.40% | 3.23B | |
| +7.99% | 1.47B | |
| -1.50% | 1.09B | |
| +8.65% | 1.06B |
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