Astra Agro Lestari Tbk

aali

-1.84%

Overview

AALI Overview

PT Astra Agro Lestari Tbk is an Indonesia-based company engaged in agriculture and livestocks, trade, processing industry (agro industry), transportation and services (scientific and technical professional activities. It operates primarily in the palm oil business. The Company’s oil palm plantations and its mill are located in South Kalimantan. Its subsidiaries’ plantations and mills are located in Java, Sumatera, Kalimantan, and Sulawesi. The Company’s palm oil refineries produce products in the form of Olein, Stearin, and PFAD to meet the demand of export markets, including from China, Malaysia, the Philippines and South Korea. It has also operated a fertilizer blending plant in Donggala Regency, Central Sulawesi Province. In addition, it also develops oil palm-cattle integration business in Kotawaringin Barat Regency, Central Kalimantan Province. Its subsidiaries include PT Gunung Sejahtera, PT Tanjung Sarana Lestari, PT Pandji Waringin and others.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AALI

Main
Market Cap.
IDR 12.85Trillion

~$0.80B USD

Industry
Agricultural Products
Sub-Industry
Plantations & Crops
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

AALI Valuation Metrics

6,675

IDR
-1.8%

Closing Price on 2024-04-18

Price to Equity

12.17

P/E

At 12.17x P/E TTM, AALI.JK is trading in line with its peers in the Food & Beverage sector.

Price to Book

0.58

P/B

At 0.58x P/B TTM, AALI.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

0.62

P/S

At 0.62x P/S TTM, AALI.JK is trading at a discount to its peers in the Food & Beverage sector.

Valuing Astra Agro Lestari Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Food & Beverage sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Astra Agro Lestari Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
5.06x
Price/Forward Earnings
10.51x
Enterprise Value/Revenue
0.71x
Enterprise Value/EBITDA
7.69x
PEG Ratio
1.87x

Analyst Ratings

40
60
80
0
100

25.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR6,6752024-04-18
IDR 8,158.26

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of AALI is IDR8,158, which is 23% higher than AALI's last closing price of IDR6,675 (as of 2024-04-18).

Valuation Recap of AALI 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 12.17x is above the ID market average of 8.46x but is trading in a P/E range similar to its peers in the Food & Beverage sector (12.41x).

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 0.58x is below the peers average of 1.27x in the Food & Beverage 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 0.62x is similar to the peers average of 0.81x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AALI's valuation relative to its current sales and future earnings growth. AALI trades at a Forward P/E ratio of 10.51x, 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. AALI's P/CF ratio of 5.06x 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. AALI's EV/R ratio of 0.71x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.27x.

Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of AALI is IDR 8,158.26, which is 23% higher than AALI's last closing price of IDR 6,675.00.

Peers

AALI 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 Tbk117.79T119.27T 67.91T 6.99T 16.852.89
AMRTPT Sumber Alfaria Trijaya Tbk.115.85T34.25T 106.94T 3.40T 34.048.00
HMSPHM Sampoerna Tbk97.13T55.32T 115.98T 8.10T 12.003.25
UNVRUnilever Indonesia Tbk91.18T16.66T 38.61T 4.80T 18.9926.97
PANIPT Pantai Indah Kapuk Dua Tbk.83.61T33.71T 2.16T 0.27T 309.616.46
CPINCharoen Pokphand Indonesia Tbk79.69T40.97T 61.62T 2.32T 34.372.95
INDFIndofood Sukses Makmur Tbk53.78T186.59T 111.70T 8.15T 6.600.91
MYORMayora Indah Tbk52.77T23.42T 31.33T 2.88T 18.303.81
CMRYPT Cisarua Mountain Dairy Tbk39.67T7.05T 7.77T 1.24T 31.956.68
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.34T7.52T 8.30T 1.17T 16.542.93
Competitiveness Recap of AALI stock
WeightNotesScore
High
At a market cap of IDR 12,847.31 billion, AALI.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 12.17, AALI.JK ranks 8 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 49.49 (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. (309.61) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 12.17, AALI.JK is trading at a lower PE than that of its subsector peers in Food & Beverage (median of 12.41). 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 20.75 trillion, AALI.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 1.06 trillion, AALI.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of AALI

Growth Forecasts

AALI 2024 Revenue Growth
+0.5%
AALI 2024 EPS Growth
+18.4%
Sector Revenue Growth
+10.0%
Food & Beverage
Indonesia Market Growth
+7.6%
IDX overall growth
Food & Beverage Sector Revenue Growth '24
+17.4%
Consumer Non-Cyclicals Sector Revenue Growth '24
+17.4%

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 9.96% against the IDX average of +7.6%.

Food & Beverage sector overview

AALI Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of AALI
WeightNotesScore
High
AALI's projected growth rate of 9.96% is above the ID market average of 7.62%.

High
The Food & Beverage sub-sector is projected to grow revenue by 17.36% in 2024. This number is higher than the previous year 2023's growth rate of 6.89%. This bodes well for AALI's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 64.39% in 2024. This number is higher than the previous year 2023's EPS growth of 26.24%. This bodes well for AALI's earnings growth prospects in the next 2 years.

Medium
AALI and its peers in the Food & Beverage 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 2024. Specifically, earnings are projected to increase by 64.39% in 2024 while revenue growth is projected to increase by 17.36%. These macroeconomic trends will likely be a tailwind for AALI's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Santosa15.2 years
Mario Casimirus Surung Gultom
Director
Muhammad Hadi Sugeng Wahyudiono
Director
Rujito Purnomo
Director
Djap Tet Fa
Director
Said Fakhrullazi
Director
Eko Prasetyo
Director
NamePositionShares%
No data is available for AALI at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

AALI Ownership

NameNumber of SharesOwnership (%)Value
Pt Astra International Tbk1,533,682,44079.6810,237.33B
Public (Scrip)340,727,22717.712,274.35B
Public (Scripless)50,278,6662.61335.61B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+805,667 shares
AHAM Asset Management Berhad
Bought 31-01-2024
+798,800 shares
NN Investment Partners (Japan) Co Ltd
Bought 31-01-2024
+173,423 shares

Largest Institutional Sell

Macquarie Investment Management Advisers
Sold 31-01-2024
-5,549,200 shares
FIL Fund Management Limited
Sold 31-01-2024
-3,898,695 shares
Delaware Management Company
Sold 31-01-2024
-2,024,800 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AALI stock