PT Sumber Alfaria Trijaya Tbk.

amrt

Overview

AMRT Overview

PT Sumber Alfaria Trijaya Tbk is an Indonesia-based company, which is engaged in the retail distribution of consumer products by operating mini-market networks and franchise services under the name Alfamart. The Company is focused on its business segments, which include food and non-food products. The Company distributes products and services, including grocery, fresh food and frozen, home care, personal care, toys, and voucher. The Company’s brands include Alfamidi, and Alfamidi Super. Its outlets are available in various areas in Indonesia, such as Jakarta, Cileungsi, Tangerang, Cikarang, Bandung, Sidoarjo, Cirebon, Cilacap, Semarang, Lampung, Malang, Bali, Klaten, Makassar, Balaraja, Palembang, Bogor, Medan, Banjarmasin, Jambi, Pontianak, Manado, Lombok, Rembang, Karawang, Batam, Plumbon, Serang, Cianjur, and others. Its subsidiary Alfamart Retail Asia Pte. Ltd. runs business activity in investment, and PT Sumber Trijaya Lestari is engaged in retail trading for consumer goods.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AMRT

Main
Market Cap.
IDR 115.85Trillion
#13 in Indonesia

~$7.24B USD

Industry
Food & Staples Retailing
Sub-Industry
Supermarkets & Convenience Store
Sector
Consumer Non-Cyclicals

Valuation

AMRT Valuation Metrics

2,790

IDR
0.0%

Closing Price on 2024-04-18

Price to Equity

34.04

P/E

At 34.04x P/E TTM, AMRT.JK is trading at a premium to its peers in the Food & Staples Retailing sector (avg 5.9x).

Price to Book

8.00

P/B

At 8.00x P/B TTM, AMRT.JK is trading at a premium to its peers in the Food & Staples Retailing sector (avg 2.3x).

Price to Sales

1.08

P/S

At 1.08x P/S TTM, AMRT.JK is trading at a premium to its peers in the Food & Staples Retailing sector (avg 0.5x).

Valuing PT Sumber Alfaria Trijaya Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Food & Staples Retailing sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Sumber Alfaria Trijaya Tbk. relative to other stocks in the Food & Staples Retailing sector

Price/Cash Flow
16.99x
Price/Forward Earnings
23.05x
Enterprise Value/Revenue
1.06x
Enterprise Value/EBITDA
13.99x
PEG Ratio
2.12x

Analyst Ratings

40
60
80
0
100

82.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR2,7902024-04-18
IDR 846.76

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AMRT is IDR847, which is 69% lower than AMRT's last closing price of IDR2,790 (as of 2024-04-18).

Valuation Recap of AMRT 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 34.04x is above the ID market average of 8.46x and is trading at a premium to peers in the Food & Staples Retailing sector (5.94x). In fact, less than 25% of its peers trade at a higher P/E ratio than AMRT.

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 8.00x is above the peers average of 2.34x in the Food & Staples Retailing sector. AMRT trades at a higher P/B ratio than >75% of its peers in the Food & Staples Retailing 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 1.08x is above the peers average of 0.47x in the Food & Staples Retailing sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AMRT's valuation relative to its current sales and future earnings growth. AMRT trades at a Forward P/E ratio of 23.05x, which is considered richly valued 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. AMRT's P/CF ratio of 16.99x 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. AMRT's EV/R ratio of 1.06x is considered extremely underpriced by the market The average EV/R ratio for the Food & Staples Retailing sector is 0.51x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AMRT is IDR 846.76, which is 69% lower than AMRT's last closing price of IDR 2,790.00.

Peers

AMRT 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
GGRMGudang Garam Tbk37.71T92.45T 118.95T 5.32T 7.080.62
Competitiveness Recap of AMRT stock
WeightNotesScore
High
At a market cap of IDR 115,853.35 billion, AMRT.JK ranks 2 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 34.04, AMRT.JK ranks 3 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 48.98 (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 34.04, AMRT.JK is trading at a higher PE than that of its subsector peers in Food & Staples Retailing (median of 5.94). false

Medium
At a revenue of IDR 106.94 trillion, AMRT.JK ranks 4 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 3.40 trillion, AMRT.JK ranks 6 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of AMRT

Growth Forecasts

AMRT 2024 Revenue Growth
+13.1%
AMRT 2024 EPS Growth
0.0%
Sector Revenue Growth
+13.1%
Food & Staples Retailing
Indonesia Market Growth
+7.6%
IDX overall growth
Food & Staples Retailing Sector Revenue Growth '24
+13.1%
Consumer Non-Cyclicals Sector Revenue Growth '24
+17.4%

Sector Benchmark

Food & Staples Retailing companies in Indonesia are growing at a projected rate of 13.13% against the IDX average of +7.6%.

Food & Staples Retailing sector overview

AMRT Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of AMRT
WeightNotesScore
High
AMRT's projected growth rate of 13.13% is above the ID market average of 7.62%.

Medium
AMRT and its peers in the Food & Staples Retailing 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 AMRT's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Anggara Hans Prawira15.2 years
Bambang Setyawan Djojo
Director
Tomin Widian
Director
Harryanto Susanto
Director
Solihin
Director
Soeng Peter Suryadi
Director
NamePositionShares%
Budiyanto Djoko SusantoCommissioner138,969,3000.33
Feny Djoko SusantoPresident Commissioner265,850,3000.64
Harryanto SusantoDirector190,560,2000.46
Expressed in millions IDR, unless otherwise stated

Ownership

AMRT Ownership

Others
36.64%
Insiders
54.62%
Institutions
8.74%
NameNumber of SharesOwnership (%)Value
Pt Sigmantara Alfindo22,084,986,05953.1961,617.11B
Public (Scripless)18,844,135,84145.3852,575.14B
Feny Djoko Susanto265,850,3000.64741.72B
Harryanto Susanto190,560,2000.46531.66B
Budiyanto Djoko Susanto138,969,3000.33387.72B

Largest Institutional Buy

Manulife Investment Management
Bought 31-01-2024
+82,741,600 shares
T. Rowe Price Trust Company
Bought 31-01-2024
+22,559,000 shares
T. Rowe Price
Bought 31-01-2024
+19,107,300 shares

Largest Institutional Sell

Calamos Advisors LLC
Sold 31-01-2024
-35,850,990 shares
Calamos Investments
Sold 31-01-2024
-35,529,500 shares
Victory Capital Management Inc.
Sold 31-01-2024
-27,048,500 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AMRT stock