Hexindo Adiperkasa Tbk

HEXA

-0.83%

Overview

HEXA Overview

PT Hexindo Adiperkasa Tbk is an Indonesia-based distributor of certain heavy equipment and related spare parts under Hitachi, John Deere, Krupp, and Bell trademarks. The Company focuses on various lines of business, including heavy equipment trading, heavy equipment rental, heavy equipment trade-in, spare parts support, service and full maintenance contract support, and remanufacture. It sells a variety of Hitachi and Bell heavy equipment and their attachments for the construction, forestry, and mining sectors, with operating weights ranging from 800 kilograms to 800 tons. The Company offers heavy equipment that can be used for all types of work, including digging, loading, carrying, breaking, grabbing, cutting, crushing, and screening. Furthermore, the Company also offers complete original spare parts sourced from worldwide, with Japan as the central hub. The Company’s after-sales service solutions include flexible technician outsourcing, customized maintenance packaging, and others.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: HEXA

Main
Market Cap.
IDR 5.04Trillion

~$315.28M USD

Industry
Machinery
Sub-Industry
Construction Machinery & Heavy Vehicles
Sector
Industrials

Valuation

HEXA Valuation Metrics

6,000

IDR
-0.8%

Closing Price on 2024-05-22

Price to Equity

5.62

P/E

At 5.62x P/E TTM, HEXA.JK is trading at a discount to its peers in the Industrial Goods sector.

Price to Book

1.75

P/B

At 1.75x P/B TTM, HEXA.JK is trading at a premium to its peers in the Industrial Goods sector (avg 0.7x).

Price to Sales

0.46

P/S

At 0.46x P/S TTM, HEXA.JK is trading at a discount to its peers in the Industrial Goods sector.

Valuing Hexindo Adiperkasa Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Industrial Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Hexindo Adiperkasa Tbk relative to other stocks in the Industrial Goods sector

Price/Cash Flow
4.54x
Price/Forward Earnings
300000.01x
Enterprise Value/Revenue
0.60x
Enterprise Value/EBITDA
4.59x
PEG Ratio
1.13x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR6,0002024-05-22
IDR 13,084.16

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of HEXA is IDR13,084, which is 119% higher than HEXA's last closing price of IDR6,000 (as of 2024-05-22).

Valuation Recap of HEXA 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 5.46x is below the ID market average of 8.70x and is trading at a discount to peers in the Industrial Goods sector (8.06x).

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 1.93x is above the peers average of 0.70x in the Industrial Goods sector. HEXA trades at a higher P/B ratio than >75% of its peers in the Industrial Goods 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 0.47x is similar to the peers average of 0.57x in the Industrial Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of HEXA's valuation relative to its current sales and future earnings growth. HEXA trades at a Forward P/E ratio of 300000.01x, which is considered richly valued by analysts.

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. HEXA's P/CF ratio of 4.54x is considered healthy 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. HEXA's EV/R ratio of 0.60x is considered extremely underpriced by the market The average EV/R ratio for the Industrial Goods sector is 0.95x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of HEXA is IDR 13,084.16, which is 119% higher than HEXA's last closing price of IDR 6,000.00.

Peers

HEXA 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
ASIIAstra International Tbk190.68T445.68T 316.57T 33.84T 5.630.96
UNTRUnited Tractors Tbk82.08T154.03T 128.58T 20.61T 3.981.04
IMPCPT Impack Pratama Industri Tbk19.65T3.60T 2.86T 0.43T 45.638.64
BNBRBakrie & Brothers Tbk8.00T7.10T 3.76T 0.24T 33.703.67
HEXAHexindo Adiperkasa Tbk5.04T6.45T 10.65T 0.92T 5.461.93
ARNAArwana Citramulia Tbk4.74T2.62T 2.45T 0.45T 10.642.60
BHITPT MNC Asia Holding Tbk4.18T70.41T 15.66T 0.31T 13.620.23
MARKPT Mark Dynamics Indonesia Tbk.3.44T0.95T 0.56T 0.16T 22.044.11
MLIAMulia Industrindo Tbk2.46T7.02T 4.81T 0.56T 4.370.50
SKRNPT Superkrane Mitra Utama Tbk2.21T3.13T 0.94T 0.17T 12.612.36
Competitiveness Recap of HEXA stock
WeightNotesScore
High
At a market cap of IDR 5,040.00 billion, HEXA.JK ranks 5 in Market Cap out of 10 companies in the Industrials sector.

High
At a PE of 5.46, HEXA.JK ranks 8 out of 10 companies in the Industrials sector for P/E value. The average PE is 15.77 (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 Industrials. In this regard, it trails behind sector leaders such as PT Impack Pratama Industri Tbk (45.63) in the Industrials sector.

Medium
At a PE of 5.46, HEXA.JK is trading at a lower PE than that of its subsector peers in Industrial Goods (median of 8.06). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 10.65 trillion, HEXA.JK ranks 4 in Revenue out of 10 companies in the Industrials sector.

Medium
At a profit of IDR 0.92 trillion, HEXA.JK ranks 3 in Profit out of 10 companies in the Industrials sector.

Future

Future Growth of HEXA

Growth Forecasts

No data available

Sector Benchmark

Industrial Goods companies in Indonesia are shrinking at a projected rate of -54.67% against the IDX average of +13.8%.

Industrial Goods sector overview
No data is available for HEXA at the moment.
Future growth prospect of HEXA
WeightNotesScore
High
HEXA's projected growth rate of -54.67% is below the ID market average of 13.80%.

High
The Industrial Goods sub-sector is projected to shrink revenue by -14.30% in 2025. This number is lower than the previous year 2024's growth rate of -5.74%. false

Medium
The Industrial Goods sub-sector is projected to decrease earnings by 0.00% in 2025. This number is lower than the previous year 2024's EPS growth of 0.00%. false

Medium
HEXA and its peers in the Industrial Goods sub-sector belongs to the Industrials sector. Companies in the Industrials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -8.86% in 2025 while revenue growth is projected to decrease by -4.12%. These macroeconomic trends will likely be a tailwind for HEXA's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Ir Djonggi Tp. Gultom15.2 years
Yasumasa Zaizen
Director
Nobuyasu Hagiwara
Director
Teru Karahashi
Director
Katsunari Mugishima
Director
Dwi Swasono
Director
Toshitaka Uchida
Director
Hiroki Majima
Director
Yoshendri
Director
NamePositionShares%
No data is available for HEXA at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

HEXA Ownership

Others
8.39%
Insiders
82.34%
Institutions
9.27%
NameNumber of SharesOwnership (%)Value
Hitachi Construction Machinery Co. Ltd.408,180,00048.592,449.08B
Itochu Corporation210,400,00025.051,262.40B
Public (Scripless)171,685,00020.441,030.11B
Hitachi Construction Machinery Asia And Pacific42,620,0005.07255.72B
Public (Scrip)7,115,0000.8542.69B

Largest Institutional Buy

Dimensional Fund Advisors Ltd
Bought 31-12-2023
+30,300 shares

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-12-2023
-247,300 shares
AMP Capital Investors Limited
Sold 31-12-2023
-165,500 shares
Dimensional Fund Advisors LP
Sold 31-12-2023
-91,608 shares

Institutional Transactions

Tracking institutional transactions buying / selling of HEXA stock