Tri Banyan Tirta Tbk

alto

Overview

ALTO Overview

PT Tri Banyan Tirta Tbk is an Indonesia-based manufacturer of bottled water brands ALTO, TOTAL and alkaline water products with brands Total 8+. The Company’s main business activities are in the field of mineral water (drinking water). The Company is also an original equipment manufacturer (OEM) manufacturer for bottled VIT products from Danone-Aqua, and for energy drinks from the Panther brand, products from KINOCARE. The Company’s segments include drinking water, flavor, bottle, gallon, and others. ALTO is sourced from a maintained spring. A range of product sizes are available from the portable 240 ml, 330 ml still plastic, elegant 600 ml AND 1500 ml bottle for ALTO. TOTAL Drinking Water is sourced from selected preserved springs in Indonesia. TOTAL 8+ is an alkaline water, which is produced by converting selected mineral water to a certain alkaline level. The Company’s subsidiaries include PT Tirtamas Abadi Berjaya, PT Tirtamas Lestari, and PT Delapan Bintang Baswara.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ALTO

Watchlist
Market Cap.
IDR 52.48Billion

~$3.34M USD

Industry
Beverages
Sub-Industry
Soft Drinks
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

ALTO Valuation Metrics

22

IDR

Closing Price on 2024-04-05

Price to Equity

-1.83

P/E

At -1.83x P/E TTM, ALTO.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

0.15

P/B

At 0.15x P/B TTM, ALTO.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

0.16

P/S

At 0.16x P/S TTM, ALTO.JK is trading at a discount to its peers in the Food & Beverage sector.

Valuing Tri Banyan Tirta 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 Tri Banyan Tirta Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
-4.92x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.52x
Enterprise Value/EBITDA
21.59x
PEG Ratio
0.01x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of ALTO 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 -1.83x is below the ID market average of 8.22x and is trading at a discount to peers in the Food & Beverage sector (12.16x). In fact, less than 25% of its peers trade at a lower P/E ratio than ALTO.●●●
Max 3
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 0.15x is below the peers average of 1.24x in the Food & Beverage sector. In fact, less than 25% of its peers trade at a lower P/B ratio than ALTO.●●●
Max 3
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 0.16x is below the peers average of 0.90x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ALTO's valuation relative to its current sales and future earnings growth.
Max 2
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. ALTO's P/CF ratio of -4.92x is considered healthy 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. ALTO's EV/R ratio of 0.52x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.41x. ●●●
Max 3

Peers

ALTO 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 Tbk126.53T118.89T 67.20T 8.34T 15.173.09
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T33.01T 104.81T 3.29T 36.309.87
UNVRUnilever Indonesia Tbk102.24T18.92T 40.19T 4.94T 20.6919.00
HMSPHM Sampoerna Tbk99.45T55.76T 142.08T 9.79T 10.163.55
PANIPT Pantai Indah Kapuk Dua Tbk.86.73T16.92T 2.13T 0.38T 225.7838.08
CPINCharoen Pokphand Indonesia Tbk86.50T41.94T 60.56T 2.42T 35.772.98
INDFIndofood Sukses Makmur Tbk57.07T188.81T 113.90T 8.80T 6.490.98
MYORMayora Indah Tbk54.11T23.42T 31.33T 2.88T 18.763.90
CMRYPT Cisarua Mountain Dairy Tbk40.07T6.59T 7.36T 1.15T 34.897.07
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.24T7.71T 8.10T 1.07T 18.063.02
Competitiveness Recap of ALTO stock
WeightNotesScore
High
At a market cap of IDR 52.48 billion, ALTO.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of -1.83, ALTO.JK ranks 10 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 40.22 (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. (225.78) in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a PE of -1.83, ALTO.JK is trading at a lower PE than that of its subsector peers in Food & Beverage (median of 12.16). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 0.32 trillion, ALTO.JK ranks 10 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of -IDR 0.03 trillion, ALTO.JK ranks 10 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of ALTO

Growth Forecasts

No data available

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 12.66% against the IDX average of +12.0%.

Food & Beverage sector overview
No data is available for ALTO at the moment.
Future growth prospect of ALTO
WeightNotesScore
High
ALTO's projected growth rate of 12.66% is above the ID market average of 11.98%.●●●
Max 3
High
The Food & Beverage sub-sector is projected to grow revenue by 13.20% in 2024. This number is higher than the previous year 2023's growth rate of 4.97%. This bodes well for ALTO's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Food & Beverage sub-sector is projected to increase earnings by 58.68% in 2024. This number is higher than the previous year 2023's EPS growth of 40.16%. This bodes well for ALTO's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
ALTO 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 53.54% in 2024 while revenue growth is projected to increase by 13.24%. These macroeconomic trends will likely be a tailwind for ALTO's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Huda Nardono15.2 years
Abubakarsyah Boetje
Director
NamePositionShares%
No data is available for ALTO at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

ALTO Ownership

Others
61.33%
Insiders
38.67%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Fikasa Bintang Cemerlang798,633,30836.4417.57B
Public (Scripless)627,585,04928.6213.81B
Pt Tirtamas Anggada356,130,91916.257.83B
Pt Trimegah Sekuritas Indonesia, Tbk210,832,4439.624.64B
Persero Danareksa,Pt S/A Psc149,437,3396.823.29B
Bhakti Salim 46,900,0002.141.03B
Agung Salim2,100,0000.10.05B
Public (Scrip)251,5000.010.01B
No data is available for ALTO at the moment.