PT AKR Corporindo Tbk.

akra

Overview

AKRA Overview

PT AKR Corporindo Tbk is an Indonesia-based logistics and supply chain company. The Company is engaged in the trading and distribution of petroleum and basic chemicals with a network of liquid bulk and dry bulk storage, transportation facilities, and port operations. The Company operates through four segments. The trading and distribution segment distributes petroleum products and various kinds of basic chemicals, such as caustic soda, sodium sulphate, PVC resin and soda ash. The logistics services segment provides various kinds of logistics services, such as rental of storage tanks and warehouses, bagging, port handling and transportation services mainly for liquid and solid chemical and petroleum products in Indonesia. The manufacturing segment produces adhesive materials by Aruki. The industrial estate and related utility services segment comprises sales and leases of industrial estate land, sales of electricity and other related services to tenants of the estate.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AKRA

Main
Market Cap.
IDR 34.24Trillion

~$2.16B USD

Industry
Oil & Gas
Sub-Industry
Oil & Gas Storage & Distribution
Sector
Energy
Sub-Sector

Valuation

AKRA Valuation Metrics

1,735

IDR

Closing Price on 2024-04-05

Price to Equity

13.43

P/E

At 13.43x P/E TTM, AKRA.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 7.1x).

Price to Book

3.20

P/B

At 3.20x P/B TTM, AKRA.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 1.1x).

Price to Sales

0.80

P/S

At 0.80x P/S TTM, AKRA.JK is trading in line with its peers in the Oil, Gas & Coal sector.

Valuing PT AKR Corporindo Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Oil, Gas & Coal sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT AKR Corporindo Tbk. relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
12.44x
Price/Forward Earnings
11.29x
Enterprise Value/Revenue
0.76x
Enterprise Value/EBITDA
9.34x
PEG Ratio
1.15x

Analyst Ratings

40
60
80
0
100

80.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,7352024-04-05
IDR 1,008.01

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AKRA is IDR1,008, which is 41% lower than AKRA's last closing price of IDR1,735 (as of 2024-04-05).

Valuation Recap of AKRA 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 13.43x is above the ID market average of 8.22x and is trading at a premium to peers in the Oil, Gas & Coal sector (7.09x). In fact, less than 25% of its peers trade at a higher P/E ratio than AKRA.
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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 3.20x is above the peers average of 1.05x in the Oil, Gas & Coal sector. AKRA trades at a higher P/B ratio than >75% of its peers in the Oil, Gas & Coal sector.
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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 0.80x is similar to the peers average of 0.90x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AKRA's valuation relative to its current sales and future earnings growth. AKRA trades at a Forward P/E ratio of 11.29x, which is considered fairly undervalued by analysts.
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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. AKRA's P/CF ratio of 12.44x is considered a relatively high ratio by analysts.
Max 2
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. AKRA's EV/R ratio of 0.76x is considered extremely underpriced by the market The average EV/R ratio for the Oil, Gas & Coal sector is 1.12x. ●●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AKRA is IDR 1,008.01, which is 41% lower than AKRA's last closing price of IDR 1,735.00.
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Peers

AKRA 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
BYANBayan Resources Tbk626.67T43.87T 62.77T 22.30T 28.1019.61
DSSADian Swastatika Sentosa Tbk94.78T40.07T 89.83T 9.49T 9.984.81
ADROAdaro Energy Indonesia Tbk83.38T161.04T 109.47T 27.61T 3.020.79
CUANPT Petrindo Jaya Kreasi Tbk60.99T2.29T 1.76T 0.45T 135.4837.27
ADMRPT Adaro Minerals Indonesia Tbk54.78T23.52T 14.69T 4.55T 12.044.50
MEDCPT Medco Energi Internasional Tbk39.59T105.87T 33.17T 5.71T 6.931.43
TCPIPT Transcoal Pacific Tbk.39.27T3.12T 1.76T 0.12T 326.3624.60
GEMSGolden Energy Mines Tbk35.29T17.80T 44.42T 9.04T 3.903.72
AKRAPT AKR Corporindo Tbk.34.24T28.81T 42.94T 2.55T 13.433.20
PTBABukit Asam Tbk33.66T36.00T 39.32T 6.35T 5.301.75
Competitiveness Recap of AKRA stock
WeightNotesScore
High
At a market cap of IDR 34,244.04 billion, AKRA.JK ranks 9 in Market Cap out of 10 companies in the Energy sector.
Max 2
High
At a PE of 13.43, AKRA.JK ranks 4 out of 10 companies in the Energy sector for P/E value. The average PE is 54.46 (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 Energy. In this regard, it trails behind sector leaders such as PT Transcoal Pacific Tbk. (326.36) in the Energy sector.
Max 2
Medium
At a PE of 13.43, AKRA.JK is trading at a higher PE than that of its subsector peers in Oil, Gas & Coal (median of 7.09). false●●
Max 2
Medium
At a revenue of IDR 42.94 trillion, AKRA.JK ranks 5 in Revenue out of 10 companies in the Energy sector.
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Medium
At a profit of IDR 2.55 trillion, AKRA.JK ranks 8 in Profit out of 10 companies in the Energy sector.
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Future

Future Growth of AKRA

Growth Forecasts

AKRA 2024 Revenue Growth
-10.2%
AKRA 2024 EPS Growth
+13.9%
Sector Revenue Growth
-9.6%
Oil, Gas & Coal
Indonesia Market Growth
+12.0%
IDX overall growth
Oil, Gas & Coal Sector Revenue Growth '24
-19.6%
Energy Sector Revenue Growth '24
-19.6%

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.58% against the IDX average of +12.0%.

Oil, Gas & Coal sector overview

AKRA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of AKRA
WeightNotesScore
High
AKRA's projected growth rate of -9.58% is below the ID market average of 11.98%.●●●
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High
The Oil, Gas & Coal sub-sector is projected to shrink revenue by -19.64% in 2024. This number is lower than the previous year 2023's growth rate of -16.23%. false
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Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -42.00% in 2024. This number is lower than the previous year 2023's EPS growth of -35.74%. false
Max 3
Medium
AKRA and its peers in the Oil, Gas & Coal sub-sector belongs to the Energy sector. Companies in the Energy sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by -42.00% in 2024 while revenue growth is projected to decrease by -19.64%. These macroeconomic trends will likely be a headwind for AKRA's earnings growth prospects in the next 2 years.
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Management

Executive Management

President Director

Haryanto Adikoesoemo15.2 years
Jimmy Tandyo
Director
Bambang Soetiono Soedijanto
Director
Mery Sofi
Director
Suresh Vembu
Director
Nery Polim
Director
Termurti Tiban
Director
NamePositionShares%
Bambang Soetiono S.Director3,780,000< 0.01
Haryanto AdikoesoemoPresident Director193,799,1000.97
Jimmy TandyoDirector37,500,0000.19
Mery SofiDirector603,000< 0.01
Nery PolimDirector450,000< 0.01
Soegiarto AdikoesoemoPresident Commissioner100,604,8000.5
Suresh VembuDirector3,627,5000.02
Termurti TibanDirector50,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

AKRA Ownership

Others
15.02%
Insiders
68.02%
Institutions
16.96%
NameNumber of SharesOwnership (%)Value
Pt Arthakencana Rayatama12,023,778,40059.920,861.26B
Public (Scripless)7,363,579,30036.6912,775.81B
Treasury Stock336,305,0001.68583.49B
Haryanto Adikoesoemo193,799,1000.97336.24B
Soegiarto Adikoesoemo100,604,8000.5174.55B
Jimmy Tandyo37,500,0000.1965.06B
Public (Scrip)9,397,5000.0516.30B
Suresh Vembu3,627,5000.026.29B

Largest Institutional Buy

Aberdeen Asset Management (Part of Aberdeen Standard Investments)
Bought 31-01-2024
+44,215,800 shares
Public Mutual Berhad
Bought 31-01-2024
+16,276,396 shares
Aberdeen Standard Investments IDR
Bought 31-01-2024
+15,628,500 shares

Largest Institutional Sell

Amundi Asset Management
Sold 31-01-2024
-49,055,000 shares
Capital Research and Management Company
Sold 31-01-2024
-37,381,900 shares
Globeflex Capital LP (California)
Sold 31-01-2024
-30,015,504 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AKRA stock