Financials PT Tunas Baru Lampung 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
605 ^IDR	0.00%		-0.82%	-12.95%

Mar. 29	PT Tunas Baru Lampung Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	PT Tunas Baru Lampung Tbk Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	5,315,388	4,933,852	4,195,093	3,667,408	4,187,634	3,645,351	-
Enterprise Value (EV) ¹	5,315,388	4,933,852	4,195,093	3,667,408	4,187,634	3,645,351	3,645,351
P/E ratio	8.02 x	7.29 x	5.28 x	4.58 x	6.63 x	4.61 x	4 x
Yield	2.51%	2.67%	6.29%	5.76%	-	6.26%	7.45%
Capitalization / Revenue	0.62 x	0.45 x	0.26 x	0.22 x	0.27 x	0.21 x	0.19 x
EV / Revenue	0.62 x	0.45 x	0.26 x	0.22 x	0.27 x	0.21 x	0.19 x
EV / EBITDA	2.52 x	1.95 x	1.56 x	1.24 x	-	1.57 x	1.39 x
EV / FCF	-21,651,012 x	-3,671,072 x	-	-	-	-	-
FCF Yield	-0%	-0%	-	-	-	-	-
Price to Book	0.99 x	-	0.65 x	0.54 x	-	0.51 x	0.53 x
Nbr of stocks (in thousands)	5,342,099	5,276,847	5,276,847	5,276,847	6,025,373	6,025,373	-
Reference price ²	995.0	935.0	795.0	695.0	695.0	605.0	605.0
Announcement Date	4/21/20	3/4/21	4/27/22	3/31/23	4/1/24	-	-

¹IDR in Million²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	8,533	10,863	15,972	16,580	15,318	17,104	19,242
EBITDA ¹	2,113	2,533	2,683	2,957	-	2,316	2,630
EBIT ¹	1,425	1,825	1,995	2,205	1,878	1,764	2,037
Operating Margin	16.7%	16.8%	12.49%	13.3%	12.26%	10.31%	10.59%
Earnings before Tax (EBT) ¹	905.2	901.3	1,023	1,020	785.9	900	1,035
Net income ¹	662.8	678	794.7	800.7	611.3	692	799
Net margin	7.77%	6.24%	4.98%	4.83%	3.99%	4.05%	4.15%
EPS ²	124.1	128.2	150.6	151.7	104.9	131.2	151.4
Free Cash Flow	-245,503	-1,343,981	-	-	-	-	-
FCF margin	-2,877.04%	-12,371.81%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	25.00	25.00	50.00	40.00	-	37.90	45.10
Announcement Date	4/21/20	3/4/21	4/27/22	3/31/23	4/1/24	-	-

¹IDR in Billions²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-245,503	-1,343,981	-	-	-	-	-
ROE (net income / shareholders' equity)	12.3%	11.6%	12.9%	11.7%	-	11%	13.2%
ROA (Net income/ Total Assets)	3.81%	3.5%	3.92%	3.4%	-	2.7%	2.9%
Assets ¹	17,397	19,372	20,258	23,550	-	25,630	27,552
Book Value Per Share ²	1,002	-	1,229	1,277	-	1,192	1,147
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	1,371	1,382	1,133	1,294	-	770	790
Capex / Sales	16.07%	12.72%	7.09%	7.8%	-	4.5%	4.11%
Announcement Date	4/21/20	3/4/21	4/27/22	3/31/23	4/1/24	-	-

¹IDR in Billions²IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

605 IDR

Average target price

910 IDR

Spread / Average Target

+50.41%

	1st Jan change	Capi.
PT TUNAS BARU LAMPUNG TBK	-12.95%	225M
QL RESOURCES	+12.78%	3.29B
ROS AGRO PLC	-95.58%	1.61B
SLC AGRÍCOLA S.A.	-0.48%	1.61B
GODREJ AGROVET LIMITED	-2.37%	1.25B
FRESH DEL MONTE PRODUCE INC.	-2.40%	1.22B
CHERKIZOVO GROUP	-.--%	1.22B
SILDARVINNSLAN HF.	-11.54%	1.21B
SHENZHEN KINGKEY SMART AGRICULTURE TIMES CO.,LTD	-10.44%	1.2B
PT FAP AGRI TBK	0.00%	1.19B