Financials PT Sariguna Primatirta Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-05-19 pm EDT			5-day change	1st Jan Change
1,185 ^IDR	+0.42%		+1.72%	+66.90%

May. 17	Nomura Adjusts Sariguna Primatirta’s Price Target to IDR1,560 From IDR1,270, Keeps at Buy	MT
May. 02	PT Sariguna Primatirta Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2023	2024	2025	2026
Capitalization ¹	8,491,591	14,172,585	-	-
Enterprise Value (EV) ²	8,492	14,350	14,175	13,859
P/E ratio	-	30.5 x	21.9 x	16.3 x
Yield	-	0.57%	0.82%	1.14%
Capitalization / Revenue	4.06 x	5.23 x	4.3 x	3.56 x
EV / Revenue	4.06 x	5.29 x	4.3 x	3.48 x
EV / EBITDA	-	17 x	13.1 x	10.1 x
EV / FCF	-	85.4 x	54.9 x	31.1 x
FCF Yield	-	1.17%	1.82%	3.21%
Price to Book	-	7.67 x	5.96 x	4.59 x
Nbr of stocks (in thousands)	11,959,988	11,959,988	-	-
Reference price ³	710.0	1,185	1,185	1,185
Announcement Date	4/4/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2023	2024	2025	2026
Net sales ¹	2,090	2,711	3,299	3,980
EBITDA ¹	-	845	1,081	1,370
EBIT ¹	-	641	872	1,151
Operating Margin	-	23.64%	26.43%	28.92%
Earnings before Tax (EBT) ¹	-	594	828	1,108
Net income ¹	324	466	650	870
Net margin	15.5%	17.19%	19.7%	21.86%
EPS ²	-	38.86	54.18	72.52
Free Cash Flow ³	-	168,000	258,000	445,000
FCF margin	-	6,196.98%	7,820.55%	11,180.9%
FCF Conversion (EBITDA)	-	19,881.66%	23,866.79%	32,481.75%
FCF Conversion (Net income)	-	36,051.5%	39,692.31%	51,149.43%
Dividend per Share ²	-	6.750	9.710	13.55
Announcement Date	4/4/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2023	2024	2025	2026
Net Debt ¹	-	177	2	-
Net Cash position ¹	-	-	-	314
Leverage (Debt/EBITDA)	-	0.2095 x	0.00185 x	-
Free Cash Flow ²	-	168,000	258,000	445,000
ROE (net income / shareholders' equity)	-	28.1%	30.7%	31.7%
ROA (Net income/ Total Assets)	-	-	-	-
Assets ¹	-	-	-	-
Book Value Per Share ³	-	154.0	199.0	258.0
Cash Flow per Share	-	-	-	-
Capex ¹	-	450	550	550
Capex / Sales	-	16.6%	16.67%	13.82%
Announcement Date	4/4/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,185 IDR

Average target price

1,560 IDR

Spread / Average Target

+31.65%

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