Barito Pacific Tbk

BRPT

-6.32%

Overview

BRPT Overview

PT Barito Pacific Tbk is an Indonesia-based integrated energy company. The Company is engaged in power generation and petrochemical production. The Company’s segments include Petrochemical, Building and hotel management (property), Energy and resources, and Others. Its petrochemical business produces a diverse palette of Olefins (ethylene, propylene, py-gas and mixed C4), Polyolefins (polyethylene and polypropylene), Styrene monomer and Butadiene including byproducts. Its energy businesses encompass Star Energy Geothermal and Indo Raya Tenaga (IRT). Through Star Energy Geothermal, the Company operates geothermal company in Indonesia with a total installed capacity of 875 megawatts (MW). Its property business is managed Griya Idola (GI) and its subsidiaries. GI owns Wisma Barito Pacific ; an Industrial park in Cikupa, Tangerang, and Hotel Mambruk in Anyer. Its other businesses include logistics, glue production used for particle board and minority shares in Madura Offshore.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BRPT

Main
Market Cap.
IDR 110.87Trillion
#15 in Indonesia

~$6.94B USD

Industry
Chemicals
Sub-Industry
Basic Chemicals
Sector
Basic Materials
Sub-Sector

Valuation

BRPT Valuation Metrics

1,185

IDR
-6.3%

Closing Price on 2024-05-22

Price to Equity

274.07

P/E

At 274.07x P/E TTM, BRPT.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.6x).

Price to Book

4.24

P/B

At 4.24x P/B TTM, BRPT.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Price to Sales

2.59

P/S

At 2.59x P/S TTM, BRPT.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.7x).

Valuing Barito Pacific Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Barito Pacific Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
50.94x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.25x
Enterprise Value/EBITDA
16.97x
PEG Ratio
-134.68x

Analyst Ratings

40
60
80
0
100

50.0

Recommended

Neutral

Not Recommended

Last closing: IDR1,1852024-05-22
IDR 48.70

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRPT is IDR49, which is 95% lower than BRPT's last closing price of IDR1,185 (as of 2024-05-22).

Valuation Recap of BRPT stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 274.07x is above the ID market average of 8.70x and is trading at a premium to peers in the Basic Materials sector (8.60x). In fact, less than 25% of its peers trade at a higher P/E ratio than BRPT.

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 4.24x is above the peers average of 0.83x in the Basic Materials sector. BRPT trades at a higher P/B ratio than >75% of its peers in the Basic Materials sector.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 2.59x is above the peers average of 0.71x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BRPT's valuation relative to its current sales and future earnings growth.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. BRPT's P/CF ratio of 50.94x is considered a relatively high ratio by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. BRPT's EV/R ratio of 3.25x is considered a relatively high ratio The average EV/R ratio for the Basic Materials sector is 1.08x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRPT is IDR 48.70, which is 95% lower than BRPT's last closing price of IDR 1,185.00.

Peers

BRPT Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
TPIAPT Chandra Asri Petrochemical Tbk785.09T86.97T 33.46T -0.52T -1509.5218.50
AMMNPT Amman Mineral Internasional Tbk.765.07T140.91T 31.50T 3.91T 195.8810.86
BRPTBarito Pacific Tbk110.87T157.22T 42.76T 0.40T 274.074.24
MBMAPT Merdeka Battery Materials Tbk70.20T50.55T 20.58T 0.11T 654.042.96
MDKAPT Merdeka Copper Gold Tbk.68.83T76.90T 26.44T -0.32T -215.094.79
NCKLPT Trimegah Bangun Persada Tbk.67.52T45.29T 23.86T 5.62T 12.022.87
INKPIndah Kiat Pulp & Paper Tbk52.66T156.84T 53.89T 6.37T 8.260.57
INCOVale Indonesia Tbk48.69T45.32T 19.09T 4.25T 11.461.23
ANTMAneka Tambang Tbk.36.65T42.85T 41.05T 3.08T 11.911.20
AVIAPT Avia Avian Tbk31.58T11.17T 7.02T 1.64T 19.233.19
Competitiveness Recap of BRPT stock
WeightNotesScore
High
At a market cap of IDR 110,870.73 billion, BRPT.JK ranks 3 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 274.07, BRPT.JK ranks 2 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -53.78 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Basic Materials. In this regard, it trails behind sector leaders such as PT Merdeka Battery Materials Tbk (654.04) in the Basic Materials sector.

Medium
At a PE of 274.07, BRPT.JK is trading at a higher PE than that of its subsector peers in Basic Materials (median of 8.60). false

Medium
At a revenue of IDR 42.76 trillion, BRPT.JK ranks 2 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.40 trillion, BRPT.JK ranks 7 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of BRPT

Growth Forecasts

BRPT 2024 Revenue Growth
+17.3%
BRPT 2025 Revenue Growth
+24.7%
BRPT 2024 EPS Growth
-100.0%
BRPT 2025 EPS Growth
-100.0%
Sector Revenue Growth
+14.0%
Basic Materials
Indonesia Market Growth
+13.8%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+97.7%
Basic Materials Sector Revenue Growth '25
+17.5%
Basic Materials Sector Revenue Growth '24
+97.7%
Basic Materials Sector Revenue Growth '25
+17.5%

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 14.00% against the IDX average of +13.8%.

Basic Materials sector overview

BRPT Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BRPT
WeightNotesScore
High
BRPT's projected growth rate of 14.00% is above the ID market average of 13.80%.

High
The Basic Materials sub-sector is projected to grow revenue by 17.46% in 2025. This number is lower than the previous year 2024's growth rate of 97.66%. This bodes well for BRPT's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -244.73% in 2025. This number is lower than the previous year 2024's EPS growth of 8.54%. false

Medium
BRPT and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -244.73% in 2025 while revenue growth is projected to increase by 17.46%. These macroeconomic trends will likely be a headwind for BRPT's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Agus Salim Pangestu15.2 years

Vice President Director

Rudy Suparman15.4 years
David Kosasih
Director
Diana Arsiyanti
Director
NamePositionShares%
Agus Salim PangestuPresident Director374,901< 0.01
Diana ArsiyantiDirector70,294< 0.01
Lim Chong ThianCommissioner501,684< 0.01
Prajogo PangestuPresident Commissioner66,736,062,07371.19
Expressed in millions IDR, unless otherwise stated

Ownership

BRPT Ownership

Others
11.89%
Insiders
72.85%
Institutions
15.26%
NameNumber of SharesOwnership (%)Value
Prajogo Pangestu66,736,062,07371.1979,082.23B
Public (Scripless)26,251,993,2212831,108.61B
Public (Scrip)572,765,1420.61678.73B
Treasury Stock185,450,7290.2219.76B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+26,570,620 shares
Royal London Asset Management Ltd
Bought 31-01-2024
+11,013,500 shares
Zürcher Kantonalbank
Bought 31-01-2024
+9,820,100 shares

Largest Institutional Sell

Nordea Investment Management AB
Sold 31-01-2024
-85,082,000 shares
Northern Trust Global Investments Ltd
Sold 31-01-2024
-12,321,886 shares
Eastspring Investments (Singapore) Ltd
Sold 31-01-2024
-9,013,600 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BRPT stock