Argo Pantes Tbk

argo

Overview

ARGO Overview

PT Argo Pantes Tbk is an Indonesia-based integrated textile company that produces various textile products. The Company is engaged in manufacturing textiles made from cotton and cotton-polyester or mix, which produces a variety of products: Yarn and Fabric. The Company operates two segments: the textile industry and rent. Its business consists of four production units: spinning, yarn dyeing, weaving, and dyeing finishing. Its yarn products include combed cotton yarns, carded cotton yarns, cotton-and-polyester-blended yarns, polyester yarns, and dyed yarns.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ARGO

Watchlist
Market Cap.
IDR 3.05Trillion

~$192.16M USD

Industry
Apparel & Luxury Goods
Sub-Industry
Textiles
Sector
Consumer Cyclicals

Valuation

ARGO Valuation Metrics

960

IDR

Closing Price on 2024-04-05

Price to Equity

-33.06

P/E

At -33.06x P/E TTM, ARGO.JK is trading at a premium to its peers in the Apparel & Luxury Goods sector (avg -0.9x).

Price to Book

21.64

P/B

At 21.64x P/B TTM, ARGO.JK is trading at a premium to its peers in the Apparel & Luxury Goods sector (avg 0.4x).

Price to Sales

35.62

P/S

At 35.62x P/S TTM, ARGO.JK is trading at a premium to its peers in the Apparel & Luxury Goods sector (avg 0.3x).

Valuing Argo Pantes Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Apparel & Luxury Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Argo Pantes Tbk relative to other stocks in the Apparel & Luxury Goods sector

Price/Cash Flow
-170.41x
Price/Forward Earnings
-
Enterprise Value/Revenue
42.20x
Enterprise Value/EBITDA
-63.33x
PEG Ratio
0.09x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of ARGO 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 -33.06x is below the ID market average of 8.22x and is trading at a discount to peers in the Apparel & Luxury Goods sector (-0.92x). In fact, less than 25% of its peers trade at a lower P/E ratio than ARGO.●●●
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 21.64x is above the peers average of 0.40x in the Apparel & Luxury Goods sector. ARGO trades at a higher P/B ratio than >75% of its peers in the Apparel & Luxury Goods sector.
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 35.62x is above the peers average of 0.27x in the Apparel & Luxury Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ARGO'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. ARGO's P/CF ratio of -170.41x 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. ARGO's EV/R ratio of 42.20x is considered a relatively high ratio The average EV/R ratio for the Apparel & Luxury Goods sector is 1.17x.
Max 3

Peers

ARGO 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
MASAMultistrada Arah Sarana Tbk54.91T7.51T 7.08T 0.87T 62.989.41
FILMPT MD Pictures Tbk.45.84T1.71T 0.35T 0.09T 495.5928.31
MSINPT MNC Digital Entertainment Tbk35.19T6.80T 2.97T 0.21T 171.186.14
MAPIMitra Adiperkasa Tbk31.26T24.58T 32.43T 2.10T 14.873.27
MAPAPT MAP Aktif Adiperkasa Tbk.28.93T9.24T 12.56T 1.41T 20.545.44
CNMAPT Nusantara Sejahtera Raya Tbk19.84T7.08T 0.88T -0.02T -811.294.46
ACESAce Hardware Indonesia Tbk16.26T7.43T 7.36T 0.80T 20.372.78
SMSMSelamat Sempurna Tbk11.20T4.52T 5.01T 0.90T 12.393.57
TRIOTrikomsel Oke Tbk11.08T0.09T 0.68T -0.11T -99.53-3.05
TFCOTifico Fiber Indonesia Tbk3.11T5.17T 3.00T -0.01T -211.470.65
Competitiveness Recap of ARGO stock
WeightNotesScore
High
At a market cap of IDR 3,047.37 billion, ARGO.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of -33.06, ARGO.JK ranks 8 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -14.60 (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 Cyclicals. In this regard, it trails behind sector leaders such as PT MD Pictures Tbk. (495.59) in the Consumer Cyclicals sector.
Max 2
Medium
At a PE of -33.06, ARGO.JK is trading at a lower PE than that of its subsector peers in Apparel & Luxury Goods (median of -0.92). 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 0.09 trillion, ARGO.JK ranks 10 in Revenue out of 10 companies in the Consumer Cyclicals sector.
Max 2
Medium
At a profit of -IDR 0.09 trillion, ARGO.JK ranks 9 in Profit out of 10 companies in the Consumer Cyclicals sector.
Max 2

Future

Future Growth of ARGO

Growth Forecasts

No data available

Sector Benchmark

Apparel & Luxury Goods companies in Indonesia are shrinking at a projected rate of -0.24% against the IDX average of +12.0%.

Apparel & Luxury Goods sector overview
No data is available for ARGO at the moment.
Future growth prospect of ARGO
WeightNotesScore
High
ARGO's projected growth rate of -0.24% is below the ID market average of 11.98%.●●●
Max 3
High
The Apparel & Luxury Goods sub-sector is projected to grow revenue by 70.20% in 2024. This number is higher than the previous year 2023's growth rate of 56.55%. This bodes well for ARGO's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Apparel & Luxury Goods sub-sector is projected to decrease earnings by 0.00% in 2024. This number is lower than the previous year 2023's EPS growth of 0.00%. false
Max 3
Medium
ARGO and its peers in the Apparel & Luxury Goods sub-sector belongs to the Consumer Cyclicals sector. Companies in the Consumer Cyclicals sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 21.68% in 2024 while revenue growth is projected to increase by 33.11%. These macroeconomic trends will likely be a tailwind for ARGO's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Surjanto Purnadi15.2 years
Widarsono
Director
Djoenaedy Widjaja
Director
James Gunawan
Director
NamePositionShares%
The NicholasPresident Commissioner1,836,0000.06
Expressed in millions IDR, unless otherwise stated

Ownership

ARGO Ownership

Others
13.76%
Insiders
86.24%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt. Argo Manunggal Land Development1,229,818,25438.741,180.63B
Trevor Global Ltd622,807,01719.62597.89B
Pt. Kukuh Manunggal Propertindo510,175,43816.07489.77B
Pt. Argo Manunggal Triasta394,722,47012.44378.93B
Public (Scrip)122,595,6863.86117.69B
Pt. Dharma Manunggal98,500,0003.194.56B
The Ning King40,980,0001.2939.34B
Pt. Ragal Logam Industrial35,337,9351.1133.92B
Pt. Lintas Dirgaprama31,235,9300.9829.99B
Public (Scripless)30,179,7340.9628.97B
Pt. Manunggal Prime Development23,683,0000.7522.74B
Pt. Lawe Adyaprima Spinning Mills20,685,0680.6519.86B
Pt. Daya Manunggal 11,782,4970.3711.31B
The Nicholas1,836,0000.061.76B
No data is available for ARGO at the moment.