Financials PT Chandra Asri Pacific Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
7,325 ^IDR	-1.01%		+6.93%	+39.52%

Mar. 29	PT Chandra Asri Pacific Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 28	Shell's Singapore Refinery, Petrochemical Assets Up for Sale, Draw Interest From Glencore	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	185,022,773	161,839,196	158,424,267	222,334,671	454,185,612	633,697,068	-	-
Enterprise Value (EV) ²	186,976	160,773	144,795	223,252	454,186	637,400	637,295	629,107
P/E ratio	534 x	219 x	68.2 x	-	-662 x	1,066 x	521 x	-
Yield	0.05%	-	0.81%	-	-	-	0.43%	1.3%
Capitalization / Revenue	6.58 x	6.27 x	4.29 x	6.23 x	13.3 x	17.3 x	16.6 x	18 x
EV / Revenue	6.65 x	6.23 x	3.92 x	6.26 x	13.3 x	17.4 x	16.7 x	17.9 x
EV / EBITDA	70.2 x	61.5 x	28.7 x	-797 x	338 x	229 x	109 x	98 x
EV / FCF	-144 x	40.2 x	-	-	-	658 x	-152 x	-
FCF Yield	-0.69%	2.49%	-	-	-	0.15%	-0.66%	-
Price to Book	6.89 x	62.7 x	3.78 x	4.36 x	-	14.4 x	15 x	14.4 x
Nbr of stocks (in thousands)	71,334,081	71,334,081	86,511,545	86,511,545	86,511,545	86,511,545	-	-
Reference price ³	2,594	2,269	1,831	2,570	5,250	7,325	7,325	7,325
Announcement Date	3/16/20	3/3/21	3/15/22	3/31/23	3/29/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	28,104	25,798	36,944	35,671	34,241	36,636	38,139	35,152
EBITDA ¹	2,664	2,614	5,053	-280	1,344	2,784	5,849	6,422
EBIT ¹	1,293	1,163	3,632	-1,739	-441.9	1,084	4,163	4,722
Operating Margin	4.6%	4.51%	9.83%	-4.87%	-1.29%	2.96%	10.92%	13.43%
Earnings before Tax (EBT)	579.3	411.8	2,895	-	-	-	-	-
Net income ¹	341.9	733.4	2,178	-	-532.3	599.3	1,215	-
Net margin	1.22%	2.84%	5.9%	-	-1.55%	1.64%	3.19%	-
EPS ²	4.856	10.35	26.84	-	-7.926	6.870	14.05	-
Free Cash Flow ³	-1,296,795	3,996,424	-	-	-	968,006	-4,199,897	-
FCF margin	-4,614.3%	15,491.32%	-	-	-	2,642.26%	-11,012.17%	-
FCF Conversion (EBITDA)	-	152,871.51%	-	-	-	34,771.65%	-	-
FCF Conversion (Net income)	-	544,948.59%	-	-	-	161,536.2%	-	-
Dividend per Share ²	1.382	-	14.89	-	-	-	31.86	95.59
Announcement Date	3/16/20	3/3/21	3/15/22	3/31/23	3/29/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,953	-	-	917	-	3,703	3,598	-
Net Cash position ¹	-	1,066	13,629	-	-	-	-	4,590
Leverage (Debt/EBITDA)	0.7331 x	-	-	-3.277 x	-	1.33 x	0.6152 x	-
Free Cash Flow ²	-1,296,795	3,996,424	-	-	-	968,006	-4,199,897	-
ROE (net income / shareholders' equity)	1.3%	2.88%	6.43%	-5.22%	-	0.37%	4.66%	6.72%
ROA (Net income/ Total Assets)	0.69%	1.46%	3.54%	-	-	0.8%	1.5%	-
Assets ¹	49,490	50,304	61,471	-	-	74,906	81,030	-
Book Value Per Share ³	376.0	36.20	484.0	589.0	-	510.0	489.0	510.0
Cash Flow per Share ³	51.20	77.80	39.40	-52.40	-	21.50	51.60	53.10
Capex ¹	4,939	1,550	1,158	-	-	2,342	8,587	-
Capex / Sales	17.58%	6.01%	3.14%	-	-	6.39%	22.52%	-
Announcement Date	3/16/20	3/3/21	3/15/22	3/31/23	3/29/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

7,325 IDR

Average target price

1,840 IDR

Spread / Average Target

-74.88%

	1st Jan change	Capi.
PT CHANDRA ASRI PACIFIC TBK	+39.52%	39.06B
AIR LIQUIDE	+5.14%	103B
SAUDI BASIC INDUSTRIES CORPORATION	-5.63%	63.04B
WANHUA CHEMICAL GROUP CO., LTD.	+12.91%	37.58B
LYONDELLBASELL INDUSTRIES N.V.	+7.41%	33.24B
WESTLAKE CORPORATION	+6.85%	19.22B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+12.86%	16.83B
RONGSHENG PETROCHEMICAL CO., LTD.	+7.73%	15.03B
HENGLI PETROCHEMICAL CO.,LTD.	+16.93%	14.96B
NAN YA PLASTICS CORPORATION	-16.39%	13.52B