HM Sampoerna Tbk

HMSP

Overview

HMSP Overview

PT Hanjaya Mandala Sampoerna Tbk is an Indonesia-based tobacco company. The Company is engaged in manufacturing; trading, including transportation/distribution and warehousing, as well as other supporting services activities; and other tobacco products industry. It is involved in producing the Machine-Made Kretek Low Tar (SKM LT) cigarette category in Indonesia. The Company manufactures, markets and distributes hand-rolled cigarettes (SKT) and machine-rolled clove cigarettes (SKM) cigarettes in Indonesia. It also markets and distributes machine-made white cigarettes produced by Philip Morris Indonesia (PMID). The Company also produces some of the kretek (clove) cigarette brand families, including Dji Sam Soe Magnum, Marlboro Filter Black and Sampoerna Kretek.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: HMSP

Main
Market Cap.
IDR 89.56Trillion
#21 in Indonesia

~$5.60B USD

Industry
Tobacco
Sub-Industry
Tobacco
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

HMSP Valuation Metrics

770

IDR
0.0%

Closing Price on 2024-05-22

Price to Equity

11.06

P/E

At 11.06x P/E TTM, HMSP.JK is trading at a premium to its peers in the Tobacco sector (avg 8.7x).

Price to Book

3.00

P/B

At 3.00x P/B TTM, HMSP.JK is trading at a premium to its peers in the Tobacco sector (avg 1.0x).

Price to Sales

0.77

P/S

At 0.77x P/S TTM, HMSP.JK is trading at a premium to its peers in the Tobacco sector (avg 0.6x).

Valuing HM Sampoerna Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Tobacco sector

Historical Price to Earnings

Other Valuation Metrics

Valuing HM Sampoerna Tbk relative to other stocks in the Tobacco sector

Price/Cash Flow
14.26x
Price/Forward Earnings
10.66x
Enterprise Value/Revenue
0.75x
Enterprise Value/EBITDA
8.45x
PEG Ratio
0.33x

Analyst Ratings

40
60
80
0
100

67.5

Recommended

Neutral

Not Recommended

Last closing: IDR7702024-05-22
IDR 1,160.52

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of HMSP is IDR1,161, which is 52% higher than HMSP's last closing price of IDR770 (as of 2024-05-22).

Valuation Recap of HMSP 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 11.06x is above the ID market average of 8.70x and is trading at a premium to peers in the Tobacco sector (8.66x). In fact, less than 25% of its peers trade at a higher P/E ratio than HMSP.

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 3.00x is above the peers average of 0.98x in the Tobacco sector. HMSP trades at a higher P/B ratio than >75% of its peers in the Tobacco 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 0.77x is similar to the peers average of 0.64x in the Tobacco sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of HMSP's valuation relative to its current sales and future earnings growth. HMSP trades at a Forward P/E ratio of 10.66x, which is considered fairly undervalued 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. HMSP's P/CF ratio of 14.26x 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. HMSP's EV/R ratio of 0.75x is considered extremely underpriced by the market The average EV/R ratio for the Tobacco sector is 0.60x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of HMSP is IDR 1,160.52, which is 52% higher than HMSP's last closing price of IDR 770.00.

Peers

HMSP 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
ICBPIndofood CBP Sukses Makmur Tbk122.16T119.27T 67.91T 6.99T 17.473.00
AMRTPT Sumber Alfaria Trijaya Tbk.117.51T34.25T 106.94T 3.40T 34.538.12
UNVRUnilever Indonesia Tbk116.74T16.66T 38.61T 4.80T 24.3234.53
HMSPHM Sampoerna Tbk89.56T55.32T 115.98T 8.10T 11.063.00
PANIPT Pantai Indah Kapuk Dua Tbk.87.12T33.71T 2.16T 0.27T 322.636.74
CPINCharoen Pokphand Indonesia Tbk85.68T40.97T 61.62T 2.32T 36.953.17
INDFIndofood Sukses Makmur Tbk54.00T186.59T 111.70T 8.15T 6.630.91
MYORMayora Indah Tbk50.98T23.42T 31.33T 2.88T 17.683.68
CMRYPT Cisarua Mountain Dairy Tbk40.47T7.05T 7.77T 1.24T 32.596.81
GGRMGudang Garam Tbk36.76T92.45T 118.95T 5.32T 6.900.60
Competitiveness Recap of HMSP stock
WeightNotesScore
High
At a market cap of IDR 89,564.87 billion, HMSP.JK ranks 4 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 11.06, HMSP.JK ranks 8 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 51.08 (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 Consumer Non-Cyclicals. In this regard, it trails behind sector leaders such as PT Pantai Indah Kapuk Dua Tbk. (322.63) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 11.06, HMSP.JK is trading at a higher PE than that of its subsector peers in Tobacco (median of 8.66). false

Medium
At a revenue of IDR 115.98 trillion, HMSP.JK ranks 2 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 8.10 trillion, HMSP.JK ranks 2 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of HMSP

Growth Forecasts

HMSP 2024 Revenue Growth
-0.0%
HMSP 2025 Revenue Growth
+7.0%
HMSP 2024 EPS Growth
+0.6%
HMSP 2025 EPS Growth
+7.9%
Sector Revenue Growth
+2.1%
Tobacco
Indonesia Market Growth
+13.8%
IDX overall growth
Tobacco Sector Revenue Growth '24
-17.9%
Tobacco Sector Revenue Growth '25
+4.1%
Consumer Non-Cyclicals Sector Revenue Growth '24
+17.3%
Consumer Non-Cyclicals Sector Revenue Growth '25
+12.3%

Sector Benchmark

Tobacco companies in Indonesia are growing at a projected rate of 2.05% against the IDX average of +13.8%.

Tobacco sector overview

HMSP Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of HMSP
WeightNotesScore
High
HMSP's projected growth rate of 2.05% is below the ID market average of 13.80%.

High
The Tobacco sub-sector is projected to grow revenue by 4.13% in 2025. This number is higher than the previous year 2024's growth rate of -17.93%. false

Medium
The Tobacco sub-sector is projected to increase earnings by 7.86% in 2025. This number is higher than the previous year 2024's EPS growth of 0.62%. This bodes well for HMSP's earnings growth prospects in the next 2 years.

Medium
HMSP and its peers in the Tobacco sub-sector belongs to the Consumer Non-Cyclicals sector. Companies in the Consumer Non-Cyclicals sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 32.10% in 2025 while revenue growth is projected to increase by 12.28%. These macroeconomic trends will likely be a headwind for HMSP's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Vasileios Gkatzelis15.2 years
Gunnar Beckers
Director
Elvira Lianita
Director
The Ivan Cahyadi
Director
Johan Bink
Director
Sharmen Karthigasu
Director
Sergio Colarusso
Director
NamePositionShares%
No data is available for HMSP at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

HMSP Ownership

Others
7.03%
Insiders
92.5%
Institutions
0.47%
NameNumber of SharesOwnership (%)Value
Philip Morris Indonesia, Pt -107,594,221,12592.582,847.55B
Public (Scripless)8,652,774,5757.446,662.64B
Public (Scrip)71,081,2000.0654.73B

Largest Institutional Buy

SEI Investments Global Limited
Bought 31-12-2023
+3,492,865 shares
IG Investment Management Ltd
Bought 31-12-2023
+2,758,400 shares
Mackenzie Investments
Bought 31-12-2023
+1,774,138 shares

Largest Institutional Sell

No data is available for HMSP at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of HMSP stock