Indah Kiat Pulp & Paper Tbk

INKP

-0.86%

Overview

INKP Overview

PT Indah Kiat Pulp & Paper Tbk is an Indonesia-based company, which is engaged in manufacturing of cultural paper, pulp, tissue, and industrial paper. The Company operates through two segments: cultural paper and pulp, and industrial paper and tissue products. The cultural paper and pulp products segment consist primarily of cultural paper and other related cultural paper products and pulp. The industrial paper and tissue products segment consist primarily of linerboard, corrugating medium, corrugated shipping containers and boxboard. It has production facilities in three locations, such as Perawang-Riau, Tangerang, and Serang-Banten. Its products are distributed in both domestic and various foreign markets. The Company's subsidiaries include Indah Kiat International Finance Company B.V., Indah Kiat Finance Mauritius Limited, Indah Kiat Finance (IV) Mauritius Limited, IK Import & Export Limited, Indah Kiat Finance (VIII) Mauritius Limited, Imperial Investment Limited, and others.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: INKP

Main
Market Cap.
IDR 48.25Trillion

~$2.96B USD

Industry
Forestry & Paper
Sub-Industry
Paper
Sector
Basic Materials
Sub-Sector

Valuation

INKP Valuation Metrics

8,675

IDR
-0.9%

Closing Price on 2024-06-14

Price to Equity

7.57

P/E

At 7.57x P/E TTM, INKP.JK is trading in line with its peers in the Basic Materials sector.

Price to Book

0.52

P/B

At 0.52x P/B TTM, INKP.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.90

P/S

At 0.90x P/S TTM, INKP.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.7x).

Valuing Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
3.61x
Price/Forward Earnings
3.27x
Enterprise Value/Revenue
1.12x
Enterprise Value/EBITDA
4.56x
PEG Ratio
-0.13x

Analyst Ratings

40
60
80
0
100

75.0

Recommended

Neutral

Not Recommended

Last closing: IDR8,6752024-06-14
IDR 17,482.29

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of INKP is IDR17,482, which is 103% higher than INKP's last closing price of IDR8,675 (as of 2024-06-14).

Valuation Recap of INKP 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 7.57x is below the ID market average of 8.07x but is trading in a P/E range similar to its peers in the Basic Materials sector (7.75x).

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 0.52x is similar to the peers average of 0.74x 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 0.90x is similar to the peers average of 0.75x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of INKP's valuation relative to its current sales and future earnings growth. INKP trades at a Forward P/E ratio of 3.27x, 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. INKP's P/CF ratio of 3.61x 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. INKP's EV/R ratio of 1.12x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.08x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of INKP is IDR 17,482.29, which is 103% higher than INKP's last closing price of IDR 8,675.00.

Peers

INKP 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
AMMNPT Amman Mineral Internasional Tbk.883.01T156.74T 23.23T 4.99T 177.0911.89
TPIAPT Chandra Asri Petrochemical Tbk741.84T85.40T 32.94T -1.18T -630.9817.23
BRPTBarito Pacific Tbk88.88T159.72T 42.22T 0.17T 513.663.28
NCKLPT Trimegah Bangun Persada Tbk.61.84T48.39T 19.65T 3.88T 15.962.49
MBMAPT Merdeka Battery Materials Tbk61.02T52.49T 16.68T 0.14T 446.422.50
MDKAPT Merdeka Copper Gold Tbk.55.63T78.26T 31.60T -0.59T -94.503.64
INKPIndah Kiat Pulp & Paper Tbk48.25T156.84T 53.89T 6.37T 7.570.52
INCOVale Indonesia Tbk40.24T45.32T 19.09T 4.25T 9.471.01
AVIAPT Avia Avian Tbk34.07T11.47T 7.14T 1.67T 20.383.35
ANTMAneka Tambang Tbk.29.08T41.21T 38.08T 1.65T 17.590.94
Competitiveness Recap of INKP stock
WeightNotesScore
High
At a market cap of IDR 48,254.00 billion, INKP.JK ranks 7 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 7.57, INKP.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 48.27 (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 Barito Pacific Tbk (513.66) in the Basic Materials sector.

Medium
At a PE of 7.57, INKP.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 7.75). 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 53.89 trillion, INKP.JK ranks 1 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 6.37 trillion, INKP.JK ranks 1 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of INKP

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 12.03% against the IDX average of +13.1%.

Basic Materials sector overview
No data is available for INKP at the moment.
Future growth prospect of INKP
WeightNotesScore
High
INKP's projected growth rate of 12.03% is below the ID market average of 13.14%.

High
The Basic Materials sub-sector is projected to grow revenue by 17.19% in 2025. This number is higher than the previous year 2024's growth rate of 13.07%. This bodes well for INKP's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -236.80% in 2025. This number is lower than the previous year 2024's EPS growth of -86.38%. false

Medium
INKP 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 -236.80% in 2025 while revenue growth is projected to increase by 17.19%. These macroeconomic trends will likely be a headwind for INKP's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Hendra Jaya Kosasih15.2 years

Vice President Director

Suhendra Wiriadinata15.4 years
Didi Harsa Tanaja / Didi Harsa
Director
Kurniawan Yuwono
Director
Lioe Djohan
Director
Agustian Rachmansjah Partawidjaja
Director
Heri Santoso ,Liem
Director
NamePositionShares%
Hendra Jaya KosasihPresident Director226,800< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

INKP Ownership

NameNumber of SharesOwnership (%)Value
Pt App Purinusa Eka Persada3,038,477,89855.5426,358.80B
Public (Scripless)1,901,529,09934.7616,495.76B
Public (Scrip)404,294,3497.393,507.25B
Asia Pulp & Paper Co Ltd105,000,0001.92910.88B
Pt Cakrawala Mega Indah11,059,5950.295.94B
Pt Wirakarya Sakti10,395,2000.1990.18B

Largest Institutional Buy

State Street Global Advisors
Bought 31-12-2023
+2,485,483 shares
Massachusetts Financial Services Company
Bought 31-12-2023
+2,296,600 shares
Eurizon Capital S.A.
Bought 31-12-2023
+1,243,000 shares

Largest Institutional Sell

First Trust Advisors L.P.
Sold 31-12-2023
-5,302,304 shares
Royal London Asset Management Ltd
Sold 31-12-2023
-3,982,600 shares
Acadian Asset Management LLC
Sold 31-12-2023
-3,172,348 shares

Institutional Transactions

Tracking institutional transactions buying / selling of INKP stock

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