PT JAPFA COMFEED INDONESIA TBK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,090 IDR | -4.80% |
|
-3.96% | -7.63% |
| Mar. 01 | PT Japfa Comfeed Indonesia Tbk Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 13 | Japfa Keeps Stake in Indonesian Arm Unchanged | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,988,993 | 17,078,517 | 19,986,931 | 15,048,300 | 13,720,650 | 12,674,160 | - | - |
| Enterprise Value (EV) 2 | 25,675 | 23,661 | 29,074 | 26,104 | 13,721 | 24,383 | 25,199 | 12,674 |
| P/E ratio | 10.2 x | 18.5 x | 9.89 x | 10.6 x | 14.8 x | 11.3 x | 9.78 x | 7.69 x |
| Yield | 1.3% | 2.73% | 3.49% | 3.86% | - | 2.42% | 3.79% | 5.69% |
| Capitalization / Revenue | 0.49 x | 0.46 x | 0.45 x | 0.31 x | 0.27 x | 0.24 x | 0.22 x | 0.21 x |
| EV / Revenue | 0.7 x | 0.64 x | 0.65 x | 0.53 x | 0.27 x | 0.46 x | 0.45 x | 0.21 x |
| EV / EBITDA | 6.36 x | 6.24 x | 6.4 x | 7.03 x | 4.08 x | 7.66 x | 6.62 x | 3.01 x |
| EV / FCF | -21,378,173 x | 9,523,091 x | -23,797,271 x | -39,801,416 x | - | - | - | - |
| FCF Yield | -0% | 0% | -0% | -0% | - | - | - | - |
| Price to Book | 1.67 x | 1.6 x | 1.64 x | 1.18 x | - | 0.87 x | 0.84 x | 0.77 x |
| Nbr of stocks (in thousands) | 11,719,214 | 11,657,691 | 11,620,309 | 11,620,309 | 11,627,670 | 11,627,670 | - | - |
| Reference price 3 | 1,535 | 1,465 | 1,720 | 1,295 | 1,180 | 1,090 | 1,090 | 1,090 |
| Announcement Date | 2/28/20 | 2/28/21 | 3/1/22 | 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 | 36,743 | 36,965 | 44,878 | 48,972 | 51,176 | 53,360 | 56,410 | 60,934 |
| EBITDA 1 | 4,036 | 3,790 | 4,544 | 3,711 | 3,359 | 3,182 | 3,807 | 4,211 |
| EBIT 1 | 3,150 | 2,635 | 3,222 | 2,750 | 2,264 | 2,503 | 2,797 | 3,412 |
| Operating Margin | 8.57% | 7.13% | 7.18% | 5.62% | 4.42% | 4.69% | 4.96% | 5.6% |
| Earnings before Tax (EBT) 1 | 2,573 | 1,679 | 2,794 | 1,955 | 1,261 | 1,564 | 1,846 | 2,298 |
| Net income 1 | 1,765 | 916.7 | 2,023 | 1,420 | 929.7 | 1,124 | 1,303 | 1,654 |
| Net margin | 4.8% | 2.48% | 4.51% | 2.9% | 1.82% | 2.11% | 2.31% | 2.71% |
| EPS 2 | 151.0 | 79.00 | 174.0 | 122.0 | 80.00 | 96.35 | 111.5 | 141.8 |
| Free Cash Flow | -1,201,008 | 2,484,571 | -1,221,754 | -655,853 | - | - | - | - |
| FCF margin | -3,268.71% | 6,721.42% | -2,722.39% | -1,339.24% | - | - | - | - |
| FCF Conversion (EBITDA) | - | 65,555.48% | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 271,031% | - | - | - | - | - | - |
| Dividend per Share 2 | 20.00 | 40.00 | 60.00 | 50.00 | - | 26.40 | 41.27 | 62.05 |
| Announcement Date | 2/28/20 | 2/28/21 | 3/1/22 | 3/2/23 | 3/1/24 | - | - | - |
1IDR in Billions2IDR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 Q3 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|
| Net sales 1 | - | 12,310 | 13,612 | 13,408 |
| EBITDA | - | - | - | - |
| EBIT 1 | - | 529 | - | 219.7 |
| Operating Margin | - | 4.3% | - | 1.64% |
| Earnings before Tax (EBT) | - | 430.7 | - | - |
| Net income 1 | 1,112 | 316.5 | 855.3 | -7.543 |
| Net margin | - | 2.57% | 6.28% | -0.06% |
| EPS | 96.00 | - | - | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 7/28/22 | 10/31/22 | 11/2/23 | 3/1/24 |
1IDR in Billions
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,686 | 6,582 | 9,087 | 11,056 | - | 11,709 | 12,525 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.905 x | 1.737 x | 2 x | 2.979 x | - | 3.679 x | 3.29 x | - |
| Free Cash Flow | -1,201,008 | 2,484,571 | -1,221,754 | -655,853 | - | - | - | - |
| ROE (net income / shareholders' equity) | 17.3% | 8.37% | 15.2% | 11.4% | - | 7.8% | 8.77% | 10.2% |
| ROA (Net income/ Total Assets) | 7.32% | 3.49% | 6.38% | 4.63% | - | 3.25% | 3.6% | 4.3% |
| Assets 1 | 24,114 | 26,301 | 31,724 | 30,640 | - | 34,600 | 36,204 | 38,465 |
| Book Value Per Share 2 | 919.0 | 914.0 | 1,051 | 1,097 | - | 1,246 | 1,298 | 1,407 |
| Cash Flow per Share 2 | 160.0 | 351.0 | 60.30 | 123.0 | - | 240.0 | 272.0 | - |
| Capex 1 | 3,081 | 1,615 | 1,923 | 2,083 | - | 1,226 | 2,177 | 1,705 |
| Capex / Sales | 8.38% | 4.37% | 4.28% | 4.25% | - | 2.3% | 3.86% | 2.8% |
| Announcement Date | 2/28/20 | 2/28/21 | 3/1/22 | 3/2/23 | 3/1/24 | - | - | - |
1IDR in Billions2IDR
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
OUTPERFORM
Number of Analysts
6
Last Close Price
1,090
IDR
Average target price
1,298
IDR
Spread / Average Target
+19.11%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.63% | 781M | |
| +12.78% | 3.29B | |
| -95.58% | 1.61B | |
| -0.48% | 1.61B | |
| -2.37% | 1.25B | |
| -2.40% | 1.22B | |
| -.--% | 1.22B | |
| -11.54% | 1.21B | |
| -10.44% | 1.2B | |
| 0.00% | 1.19B |
- Stock Market
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- Financials PT Japfa Comfeed Indonesia Tbk
