Financials PT Tunas Alfin Tbk

Equities

TALF

ID1000130107

Paper Packaging

End-of-day quote INDONESIA S.E. 06:00:00 2024-06-12 pm EDT 5-day change 1st Jan Change
326 IDR -1.81% Intraday chart for PT Tunas Alfin Tbk -1.21% +15.60%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 438,513 368,134 351,893 403,324 408,737 381,669
Enterprise Value (EV) 1 420,668 466,651 535,301 657,868 745,044 661,308
P/E ratio 9.97 x 13.8 x 19.9 x 19.6 x 9.69 x 10 x
Yield 1.85% - - - 1.66% -
Capitalization / Revenue 0.59 x 0.4 x 0.34 x 0.38 x 0.31 x 0.3 x
EV / Revenue 0.57 x 0.5 x 0.52 x 0.63 x 0.57 x 0.52 x
EV / EBITDA 5.41 x 6.39 x 7.71 x 8.35 x 6.54 x 6.01 x
EV / FCF -113 x -26.8 x -6.06 x -9.92 x -9.42 x 11.5 x
FCF Yield -0.88% -3.73% -16.5% -10.1% -10.6% 8.68%
Price to Book 0.54 x 0.38 x 0.35 x 0.4 x 0.36 x 0.32 x
Nbr of stocks (in thousands) 1,353,435 1,353,435 1,353,435 1,353,435 1,353,435 1,353,435
Reference price 2 324.0 272.0 260.0 298.0 302.0 282.0
Announcement Date 3/21/19 5/4/20 6/24/21 4/20/22 3/28/23 3/28/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 741,055 924,654 1,022,101 1,047,891 1,318,101 1,262,896
EBITDA 1 77,708 73,060 69,420 78,785 113,939 109,967
EBIT 1 61,840 47,744 39,135 44,360 76,377 66,661
Operating Margin 8.34% 5.16% 3.83% 4.23% 5.79% 5.28%
Earnings before Tax (EBT) 1 60,866 39,530 28,621 31,099 59,508 48,683
Net income 1 43,977 26,751 17,646 20,586 42,166 38,081
Net margin 5.93% 2.89% 1.73% 1.96% 3.2% 3.02%
EPS 2 32.49 19.77 13.04 15.21 31.15 28.14
Free Cash Flow 1 -3,722 -17,389 -88,335 -66,317 -79,131 57,411
FCF margin -0.5% -1.88% -8.64% -6.33% -6% 4.55%
FCF Conversion (EBITDA) - - - - - 52.21%
FCF Conversion (Net income) - - - - - 150.76%
Dividend per Share 2 6.000 - - - 5.000 -
Announcement Date 3/21/19 5/4/20 6/24/21 4/20/22 3/28/23 3/28/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 98,517 183,408 254,545 336,306 279,639
Net Cash position 1 17,845 - - - - -
Leverage (Debt/EBITDA) - 1.348 x 2.642 x 3.231 x 2.952 x 2.543 x
Free Cash Flow 1 -3,722 -17,389 -88,335 -66,317 -79,131 57,411
ROE (net income / shareholders' equity) 5.59% 2.91% 1.82% 2.17% 3.97% 3.2%
ROA (Net income/ Total Assets) 4.06% 2.45% 1.74% 1.82% 2.84% 2.36%
Assets 1 1,084,266 1,090,640 1,011,343 1,130,289 1,487,169 1,613,820
Book Value Per Share 2 597.0 725.0 733.0 752.0 849.0 872.0
Cash Flow per Share 2 28.00 24.60 40.90 19.80 13.80 12.30
Capex 1 25,407 39,155 150,623 95,218 78,846 54,053
Capex / Sales 3.43% 4.23% 14.74% 9.09% 5.98% 4.28%
Announcement Date 3/21/19 5/4/20 6/24/21 4/20/22 3/28/23 3/28/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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