Income Statement PT Primadaya Plastisindo Tbk

Equities

PDPP

ID1000176902

Non-Paper Containers & Packaging

End-of-day quote INDONESIA S.E. Other stock markets 2024-09-06			5-day change	1st Jan Change
545.00 ^IDR	-0.91%		-9.92%	+39.74%

Aug. 29	PT Primadaya Plastisindo Tbk Reports Earnings Results for the Half Year Ended June 30, 2024	CI
May. 31	PT Primadaya Plastisindo Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: PT PRIMADAYA PLASTISINDO TBK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	199B	241B	319B	339B	440B
Total Revenues	199B	241B	319B	339B	440B
Cost of Goods Sold, Total	169B	205B	274B	281B	364B
Gross Profit	30.18B	36.05B	45.45B	58.54B	76.32B
Selling General & Admin Expenses, Total	16.82B	20.94B	26.61B	27.68B	29.74B
Other Operating Expenses	-	-	-	804M	-
Other Operating Expenses, Total	16.82B	20.94B	26.61B	28.48B	29.74B
Operating Income	13.35B	15.11B	18.85B	30.05B	46.58B
Interest Expense, Total	-765M	-3.97B	-4.01B	-5.4B	-5.42B
Interest And Investment Income	52.26M	21.44M	46.61M	380M	708M
Net Interest Expenses	-713M	-3.95B	-3.96B	-5.02B	-4.71B
Currency Exchange Gains (Loss)	-113M	-196M	-293M	-181M	-361M
Other Non Operating Income (Expenses)	289M	1.01B	1.84B	1.88B	348M
EBT, Excl. Unusual Items	12.82B	11.98B	16.43B	26.74B	41.85B
Gain (Loss) On Sale Of Investments	-	-	-	-	1.67B
Gain (Loss) On Sale Of Assets	-125M	3.4B	-	-	-
Other Unusual Items	-	-	-	-140M	-
EBT, Incl. Unusual Items	12.69B	15.38B	16.43B	26.6B	43.53B
Income Tax Expense	3.35B	2.97B	4.34B	6.01B	9.54B
Earnings From Continuing Operations	9.34B	12.41B	12.09B	20.59B	33.99B
Net Income to Company	9.34B	12.41B	12.09B	20.59B	33.99B
Net Income - (IS)	9.34B	12.41B	12.09B	20.59B	33.99B
Net Income to Common Incl Extra Items	9.34B	12.41B	12.09B	20.59B	33.99B
Net Income to Common Excl. Extra Items	9.34B	12.41B	12.09B	20.59B	33.99B
Per Share Items
Net EPS - Basic	6.12	6.53	6.03	8.12	12.91
Basic EPS - Continuing Operations	6.12	6.53	6.03	8.12	12.91
Basic Weighted Average Shares Outstanding	1.53B	1.9B	2B	2.54B	2.63B
Net EPS - Diluted	6.12	6.53	6.03	8.12	12.91
Diluted EPS - Continuing Operations	6.12	6.53	6.03	8.12	12.91
Diluted Weighted Average Shares Outstanding	1.53B	1.9B	2B	2.54B	2.63B
Normalized Basic EPS	5.25	3.94	5.13	6.59	9.94
Normalized Diluted EPS	5.25	3.94	5.13	6.59	9.94
Dividend Per Share	-	163.33	-	2.2	3.33
Payout Ratio	-	-	-	-	19.79
Supplemental Items
EBITDA	20.06B	25.12B	32.6B	45.26B	64.79B
EBITA	13.35B	15.11B	18.85B	30.05B	46.58B
EBIT	13.35B	15.11B	18.85B	30.05B	46.58B
EBITDAR	-	-	-	45.28B	-
Effective Tax Rate - (Ratio)	26.42	19.34	26.44	22.58	21.91
Current Domestic Taxes	3.55B	3.18B	4.8B	6.26B	9.33B
Total Current Taxes	3.55B	3.18B	4.8B	6.26B	9.33B
Deferred Domestic Taxes	-202M	-205M	-456M	-252M	211M
Total Deferred Taxes	-202M	-205M	-456M	-252M	211M
Normalized Net Income	8.01B	7.49B	10.27B	16.71B	26.16B
Interest on Long-Term Debt	-	-	-	130M	75.25M
Non-Cash Pension Expense	-	-	-	11.01M	419M
Supplemental Operating Expense Items
Marketing Expenses	489M	228M	1.02B	1.25B	1.06B
Selling and Marketing Expenses	489M	228M	1.02B	1.25B	1.06B
General and Administrative Expenses	16.34B	20.71B	25.59B	26.43B	28.68B
Net Rental Expense, Total	-	-	-	20.67M	-
Imputed Operating Lease Interest Expense	-	-	-	19.81M	-
Imputed Operating Lease Depreciation	-	-	-	858K	-
Maintenance & Repair Expenses, Total	1.91B	3.94B	2.97B	4B	2.8B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.06B	3.5B	2.43B	73.48B	9.36B
Short Term Investments	-	-	-	-	50B
Total Cash And Short Term Investments	3.06B	3.5B	2.43B	73.48B	59.36B
Accounts Receivable, Total	41.41B	26.54B	26.2B	42.1B	37.54B
Other Receivables	16.57M	11.11M	727M	547M	743M
Total Receivables	41.43B	26.55B	26.93B	42.65B	38.29B
Inventory	63.01B	66.77B	99.87B	110B	98.14B
Prepaid Expenses	4.77B	534M	750M	572M	295M
Total Current Assets	112B	97.35B	130B	226B	196B
Gross Property Plant And Equipment	163B	192B	227B	293B	351B
Accumulated Depreciation	-29.21B	-42.52B	-59.68B	-73.01B	-89.28B
Net Property Plant And Equipment	134B	150B	168B	220B	261B
Deferred Tax Assets Long-Term	907M	1.13B	1.46B	1.64B	1.23B
Other Long-Term Assets, Total	2.28B	6.8B	1.8B	5.87B	7.03B
Total Assets	249B	255B	301B	454B	466B
Liabilities
Accounts Payable, Total	36.48B	22.78B	20.75B	21.07B	18.27B
Accrued Expenses, Total	1.12B	2.37B	2.57B	4.9B	6.07B
Short-term Borrowings	-	-	-	11.85M	390K
Current Portion of Long-Term Debt	21.03B	16.51B	13.63B	27.4B	15.67B
Current Portion of Leases	-	755M	324M	465M	426M
Current Income Taxes Payable	466M	70.07M	1.48B	2.71B	1.56B
Unearned Revenue Current, Total	-	-	-	-	170M
Other Current Liabilities	-	-	-	-	568M
Total Current Liabilities	59.1B	42.49B	38.74B	56.54B	42.74B
Long-Term Debt	19.58B	15.14B	14.63B	31.73B	30.37B
Long-Term Leases	-	3.52B	1.22B	685M	-
Pension & Other Post Retirement Benefits	3.63B	4.98B	6.38B	7.03B	6.86B
Other Non Current Liabilities	2B	11.8B	-	-	-
Total Liabilities	84.31B	77.93B	60.97B	95.99B	79.97B
Common Stock, Total	100B	100B	200B	250B	306B
Additional Paid In Capital	-	-	-	47B	18.98B
Retained Earnings	64.53B	77.16B	39.25B	59.84B	58.99B
Comprehensive Income and Other	227M	166M	614M	882M	1.58B
Total Common Equity	165B	177B	240B	358B	386B
Total Equity	165B	177B	240B	358B	386B
Total Liabilities And Equity	249B	255B	301B	454B	466B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.53B	1.9B	2.45B	3.06B	3.06B
ECS Total Common Shares Outstanding	1.53B	1.9B	2.45B	3.06B	3.06B
Book Value / Share	107.98	93.32	97.94	116.85	125.99
Tangible Book Value	165B	177B	240B	358B	386B
Tangible Book Value Per Share	107.98	93.32	97.94	116.85	125.99
Total Debt	40.61B	35.92B	29.8B	60.29B	46.47B
Net Debt	37.55B	32.42B	27.37B	-13.19B	-12.89B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	7.03B	6.86B
Debt Equivalent Oper. Leases	-	-	-	165M	-
Account Code - Inventory Valuation	-	-	6	6	6
Inventories - Raw Materials, Total	48.79B	50.39B	63.22B	77.75B	65.81B
Inventories - Work In Process, Total	1.33B	1.22B	2.17B	1.68B	1.92B
Inventories - Finished Goods, Total	10.91B	11.48B	20.11B	16.68B	16.28B
Inventories - Others	-	-	8.71B	11.01B	10.25B
Land - (BS)	41.29B	41.27B	41.27B	70.32B	103B
Buildings, Total	30.48B	35.77B	47.79B	76.9B	82.83B
Machinery, Total	91.05B	102B	128B	137B	158B
Full Time Employees	-	-	1.32K	94	89
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	182M	457M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	9.34B	12.41B	12.09B	20.59B	33.99B
Depreciation & Amortization - CF	6.71B	13.33B	17.16B	17.44B	19.03B
Depreciation & Amortization, Total	6.71B	13.33B	17.16B	17.44B	19.03B
Other Operating Activities, Total	-8.3B	-3.79B	-32.62B	-20.84B	15.08B
Cash from Operations	7.74B	21.94B	-3.38B	17.19B	68.1B
Capital Expenditure	-89.75B	-21.43B	-29.61B	-73.47B	-59.79B
Sale of Property, Plant, and Equipment	-	3.72B	-	-	181M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-50B
Cash from Investing	-89.75B	-17.71B	-29.61B	-73.47B	-110B
Short Term Debt Issued, Total	-	-	-	16B	28.42B
Long-Term Debt Issued, Total	142B	123B	167B	73.67B	35B
Total Debt Issued	142B	123B	167B	89.67B	63.42B
Short Term Debt Repaid, Total	-	-	-	-15.99B	-28.43B
Long-Term Debt Repaid, Total	-108B	-126B	-173B	-43.76B	-50.87B
Total Debt Repaid	-108B	-126B	-173B	-59.75B	-79.31B
Issuance of Common Stock	50B	-	38.2B	100B	-
Common Dividends Paid	-	-	-	-	-6.72B
Common & Preferred Stock Dividends Paid	-	-	-	-	-6.72B
Other Financing Activities, Total	-	-650M	-	-2.6B	-
Cash from Financing	83.36B	-3.79B	31.92B	127B	-22.61B
Net Change in Cash	1.35B	442M	-1.06B	71.05B	-64.12B
Supplemental Items
Cash Interest Paid	765M	3.97B	4.01B	5.4B	10.48B
Cash Income Tax Paid (Refund)	3.67B	3.16B	3.57B	3.83B	5.39B
Levered Free Cash Flow	-	1.37B	-37.32B	-62.13B	-842M
Unlevered Free Cash Flow	-	3.85B	-34.81B	-58.76B	2.55B
Change In Net Working Capital	-	-2.51B	34.14B	21.51B	-14.2B
Net Debt Issued / Repaid	33.36B	-3.14B	-6.28B	29.93B	-15.89B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	3.75	4.24	4.98	6.33
Return on Total Capital	-	4.51	4.88	5.46	6.85
Return On Equity %	-	7.25	5.79	6.89	9.14
Return on Common Equity	-	7.25	5.79	6.89	9.14
Margin Analysis
Gross Profit Margin %	15.16	14.95	14.25	17.26	17.35
SG&A Margin	8.45	8.68	8.34	8.16	6.76
EBITDA Margin %	10.08	10.41	10.22	13.34	14.73
EBITA Margin %	6.71	6.27	5.91	8.86	10.59
EBIT Margin %	6.71	6.27	5.91	8.86	10.59
Income From Continuing Operations Margin %	4.69	5.14	3.79	6.07	7.73
Net Income Margin %	4.69	5.14	3.79	6.07	7.73
Net Avail. For Common Margin %	4.69	5.14	3.79	6.07	7.73
Normalized Net Income Margin	4.02	3.1	3.22	4.93	5.95
Levered Free Cash Flow Margin	-	0.57	-11.7	-18.32	-0.19
Unlevered Free Cash Flow Margin	-	1.6	-10.91	-17.32	0.58
Asset Turnover
Asset Turnover	-	0.96	1.15	0.9	0.96
Fixed Assets Turnover	-	1.7	2.01	1.75	1.83
Receivables Turnover (Average Receivables)	-	7.1	12.1	9.93	11.05
Inventory Turnover (Average Inventory)	-	3.16	3.28	2.68	3.5
Short Term Liquidity
Current Ratio	1.9	2.29	3.36	4	4.59
Quick Ratio	0.75	0.71	0.76	2.05	2.28
Operating Cash Flow to Current Liabilities	0.13	0.52	-0.09	0.3	1.59
Days Sales Outstanding (Average Receivables)	-	51.56	30.17	36.75	33.04
Days Outstanding Inventory (Average Inventory)	-	115.77	111.17	136.29	104.34
Average Days Payable Outstanding	-	51.92	25.91	26.27	20.39
Cash Conversion Cycle (Average Days)	-	115.41	115.44	146.77	116.98
Long Term Solvency
Total Debt/Equity	24.65	20.26	12.42	16.85	12.05
Total Debt / Total Capital	19.77	16.84	11.05	14.42	10.75
LT Debt/Equity	11.89	10.52	6.61	9.06	7.88
Long-Term Debt / Total Capital	9.54	8.75	5.88	7.75	7.03
Total Liabilities / Total Assets	33.85	30.53	20.27	21.16	17.17
EBIT / Interest Expense	17.45	3.81	4.7	5.57	8.59
EBITDA / Interest Expense	26.21	7.17	8.98	8.8	12.11
(EBITDA - Capex) / Interest Expense	-91.07	1.77	1.6	-4.81	1.07
Total Debt / EBITDA	2.02	1.26	0.83	1.27	0.71
Net Debt / EBITDA	1.87	1.14	0.76	-0.28	-0.2
Total Debt / (EBITDA - Capex)	-0.58	5.12	4.66	-2.32	7.99
Net Debt / (EBITDA - Capex)	-0.54	4.63	4.28	0.51	-2.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	21.15	32.26	6.33	29.69
Gross Profit, 1 Yr. Growth %	-	19.46	26.08	29.53	30.37
EBITDA, 1 Yr. Growth %	-	25.23	29.76	38.84	43.17
EBITA, 1 Yr. Growth %	-	13.19	24.7	59.48	54.98
EBIT, 1 Yr. Growth %	-	13.19	24.7	59.48	54.98
Earnings From Cont. Operations, 1 Yr. Growth %	-	32.85	-2.58	70.42	65.03
Net Income, 1 Yr. Growth %	-	32.85	-2.58	70.42	65.03
Normalized Net Income, 1 Yr. Growth %	-	-6.5	37.12	62.78	56.51
Diluted EPS Before Extra, 1 Yr. Growth %	-	6.67	-7.58	34.55	65.03
Accounts Receivable, 1 Yr. Growth %	-	-35.93	-1.25	60.68	-10.83
Inventory, 1 Yr. Growth %	-	5.97	49.58	9.87	-10.56
Net Property, Plant and Equip., 1 Yr. Growth %	-	12.24	11.74	31.13	18.91
Total Assets, 1 Yr. Growth %	-	2.49	17.85	50.82	2.63
Tangible Book Value, 1 Yr. Growth %	-	7.63	35.26	49.14	7.82
Common Equity, 1 Yr. Growth %	-	7.63	35.26	49.14	7.82
Cash From Operations, 1 Yr. Growth %	-	183.38	-115.41	-608.54	296.12
Capital Expenditures, 1 Yr. Growth %	-	-76.12	38.16	148.15	-18.62
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-2.82K	66.49	-98.64
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-1K	68.78	-104.33
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	51.59
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	26.58	18.59	17.43
Gross Profit, 2 Yr. CAGR %	-	-	22.73	27.43	29.95
EBITDA, 2 Yr. CAGR %	-	-	27.48	34.23	40.99
EBITA, 2 Yr. CAGR %	-	-	18.81	41.02	57.21
EBIT, 2 Yr. CAGR %	-	-	18.81	41.02	57.21
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	13.76	28.85	67.7
Net Income, 2 Yr. CAGR %	-	-	13.76	28.85	67.7
Normalized Net Income, 2 Yr. CAGR %	-	-	13.22	49.4	59.61
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-0.71	11.51	46.29
Accounts Receivable, 2 Yr. CAGR %	-	-	-20.46	25.96	19.7
Inventory, 2 Yr. CAGR %	-	-	25.9	28.19	-0.87
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	11.99	21.05	24.87
Total Assets, 2 Yr. CAGR %	-	-	9.9	33.32	24.42
Tangible Book Value, 2 Yr. CAGR %	-	-	20.66	42.03	26.81
Common Equity, 2 Yr. CAGR %	-	-	20.66	42.03	26.81
Cash From Operations, 2 Yr. CAGR %	-	-	-33.92	-11.48	348.83
Capital Expenditures, 2 Yr. CAGR %	-	-	-42.57	85.16	42.11
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	572.61	-84.98
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	290.47	-72.96
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-88.4	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	19.44	22.18
Gross Profit, 3 Yr. CAGR %	-	-	-	24.72	28.4
EBITDA, 3 Yr. CAGR %