Financials PT Hanjaya Mandala Sampoerna Tbk

Equities

HMSP

ID1000074008

Tobacco

End-of-day quote INDONESIA S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
835 IDR -1.18% Intraday chart for PT Hanjaya Mandala Sampoerna Tbk +1.83% -6.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 244,267,961 175,058,706 112,246,944 97,707,185 104,104,679 97,125,594 - -
Enterprise Value (EV) 2 225,471 159,254 94,403 94,424 104,105 87,260 88,664 93,603
P/E ratio 17.8 x 20.3 x 15.8 x 15.6 x 12.8 x 11.1 x 9.88 x 8.13 x
Yield 5.58% 7.96% 7.54% 7.54% - 8.56% 9.58% 11%
Capitalization / Revenue 2.3 x 1.89 x 1.14 x 0.88 x 0.9 x 0.79 x 0.72 x 0.67 x
EV / Revenue 2.13 x 1.72 x 0.95 x 0.85 x 0.9 x 0.71 x 0.66 x 0.65 x
EV / EBITDA 12.2 x 13.6 x 9.67 x 10.7 x 10.3 x 7.61 x 6.97 x 5.96 x
EV / FCF 13.9 x 14 x 9.55 x 18.2 x - 9.45 x 11 x 8.99 x
FCF Yield 7.18% 7.15% 10.5% 5.48% - 10.6% 9.09% 11.1%
Price to Book 6.85 x 5.79 x 3.85 x 3.47 x - 3.22 x 3.12 x 3.02 x
Nbr of stocks (in thousands) 116,318,077 116,318,077 116,318,077 116,318,077 116,318,077 116,318,077 - -
Reference price 3 2,100 1,505 965.0 840.0 895.0 835.0 835.0 835.0
Announcement Date 3/30/20 3/23/21 3/24/22 3/31/23 3/15/24 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 106,055 92,425 98,875 111,211 115,983 122,838 133,980 144,913
EBITDA 1 18,473 11,752 9,764 8,860 10,095 11,464 12,714 15,713
EBIT 1 17,077 10,402 8,583 7,753 8,964 10,174 11,477 13,067
Operating Margin 16.1% 11.25% 8.68% 6.97% 7.73% 8.28% 8.57% 9.02%
Earnings before Tax (EBT) 1 18,259 11,161 9,152 8,273 10,311 11,204 12,501 14,798
Net income 1 13,722 8,581 7,137 6,324 8,097 8,774 9,852 11,607
Net margin 12.94% 9.28% 7.22% 5.69% 6.98% 7.14% 7.35% 8.01%
EPS 2 118.0 74.00 61.00 54.00 70.00 75.35 84.54 102.8
Free Cash Flow 3 16,186,430 11,386,211 9,890,136 5,176,514 - 9,236,700 8,056,958 10,409,100
FCF margin 15,262.27% 12,319.38% 10,002.69% 4,654.66% - 7,519.41% 6,013.55% 7,183.01%
FCF Conversion (EBITDA) 87,621.19% 96,891.13% 101,296.88% 58,424.05% - 80,571.1% 63,369.6% 66,244.09%
FCF Conversion (Net income) 117,963.89% 132,685.11% 138,573.65% 81,858.37% - 105,273.79% 81,776.37% 89,681.31%
Dividend per Share 2 117.2 119.8 72.80 63.30 - 71.51 79.96 91.59
Announcement Date 3/30/20 3/23/21 3/24/22 3/31/23 3/15/24 - - -
1IDR in Billions2IDR3IDR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2023 Q3 2023 Q4
Net sales 1 24,891 31,142 28,686
EBITDA - - -
EBIT 1 1,713 - 1,830
Operating Margin 6.88% - 6.38%
Earnings before Tax (EBT) 1 - - 2,456
Net income 1 1,421 2,455 1,892
Net margin 5.71% 7.88% 6.59%
EPS 12.00 - -
Dividend per Share - - -
Announcement Date 10/29/21 10/30/23 3/15/24
1IDR in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 18,797 15,804 17,844 3,283 - 9,866 8,462 3,523
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 16,186,430 11,386,211 9,890,136 5,176,514 - 9,236,700 8,056,958 10,409,100
ROE (net income / shareholders' equity) 38.6% 26% 24% 22% - 28.8% 31% 33.8%
ROA (Net income/ Total Assets) 28.1% 17.1% 13.9% 11.7% - 15.5% 16% 18%
Assets 1 48,762 50,288 51,382 53,939 - 56,485 61,649 64,363
Book Value Per Share 3 307.0 260.0 251.0 242.0 - 259.0 267.0 277.0
Cash Flow per Share 147.0 103.0 88.60 63.20 - - - -
Capex 1 960 567 412 2,179 - 1,878 1,811 1,910
Capex / Sales 0.9% 0.61% 0.42% 1.96% - 1.53% 1.35% 1.32%
Announcement Date 3/30/20 3/23/21 3/24/22 3/31/23 3/15/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
835 IDR
Average target price
1,035 IDR
Spread / Average Target
+24.00%
Consensus

Annual profits - Rate of surprise

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