Arwana Citramulia Tbk

arna

Overview

ARNA Overview

PT Arwana Citramulia Tbk is an Indonesia-based company, which is engaged in the ceramic and porcelain industry. The Company produces green-certified ceramic, porcelain and granite tiles. The Company’s brands include ARNA, Arwana Ceramics and UNO. ARNA offers various products, including AKASHA BN, AKHASA BN, ALEXA WT, ALIZA BN, ALIZA BG, ALIZA GY, AMAIRA BG, AMAIRA GY, AMAIRA CM, AMANI GY, AMANI BG, AMANI BK, AMANI DGY, AMBERLEY BG, AMBERLEY GY, AMBERLEY DGY, ANABELL GY, ANABELL DGY and others. Arwana floor and wall tiles are its original product line. Features of Arwana tiles include simplicity in design and flexibility of design applications for living spaces. The Company has five factories in five different locations. Plant I and Plant II are each located in Tangerang and Serang, Banten, respectively. Plant III dan Plant V are each located in Gresik and Mojokerto, East Java, respectively, while Plant IV is located in Ogan Ilir, South Sumatra.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ARNA

Main
Market Cap.
IDR 5.39Trillion

~$343.12M USD

Industry
Building Products & Fixtures
Sub-Industry
Building Products & Fixtures
Sector
Industrials

Valuation

ARNA Valuation Metrics

745

IDR

Closing Price on 2024-04-05

Price to Equity

11.46

P/E

At 11.46x P/E TTM, ARNA.JK is trading at a premium to its peers in the Industrial Goods sector (avg 8.0x).

Price to Book

3.07

P/B

At 3.07x P/B TTM, ARNA.JK is trading at a premium to its peers in the Industrial Goods sector (avg 0.7x).

Price to Sales

2.22

P/S

At 2.22x P/S TTM, ARNA.JK is trading at a premium to its peers in the Industrial Goods sector (avg 0.6x).

Valuing Arwana Citramulia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Industrial Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Arwana Citramulia Tbk relative to other stocks in the Industrial Goods sector

Price/Cash Flow
13.24x
Price/Forward Earnings
7.09x
Enterprise Value/Revenue
2.10x
Enterprise Value/EBITDA
8.28x
PEG Ratio
-0.40x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR7452024-04-05
IDR 1,134.20

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ARNA is IDR1,134, which is 53% higher than ARNA's last closing price of IDR745 (as of 2024-04-05).

Valuation Recap of ARNA 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 11.46x is above the ID market average of 8.22x and is trading at a premium to peers in the Industrial Goods sector (8.04x).
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 3.07x is above the peers average of 0.67x in the Industrial Goods sector. ARNA trades at a higher P/B ratio than >75% of its peers in the Industrial 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 2.22x is above the peers average of 0.64x in the Industrial Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ARNA's valuation relative to its current sales and future earnings growth. ARNA trades at a Forward P/E ratio of 7.09x, which is considered fairly undervalued by analysts.
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. ARNA's P/CF ratio of 13.24x 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. ARNA's EV/R ratio of 2.10x is considered fairly underpriced by the market The average EV/R ratio for the Industrial Goods sector is 1.04x.
Max 3
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ARNA is IDR 1,134.20, which is 53% higher than ARNA's last closing price of IDR 745.00.●●●
Max 3

Peers

ARNA 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
ASIIAstra International Tbk213.55T442.98T 320.94T 31.31T 6.821.12
UNTRUnited Tractors Tbk91.70T153.14T 129.67T 20.49T 4.481.23
IMPCPT Impack Pratama Industri Tbk20.40T3.44T 2.87T 0.44T 46.179.35
BNBRBakrie & Brothers Tbk8.00T20.10T 4.37T 0.27T 29.913.86
ARNAArwana Citramulia Tbk5.39T2.58T 2.43T 0.47T 11.463.07
HEXAHexindo Adiperkasa Tbk5.25T6.93T 10.44T 0.91T 5.752.18
BHITPT MNC Asia Holding Tbk4.18T70.97T 18.39T 0.64T 6.520.24
MARKPT Mark Dynamics Indonesia Tbk.3.39T0.92T 0.49T 0.12T 27.324.21
SKRNPT Superkrane Mitra Utama Tbk2.75T3.13T 0.94T 0.17T 15.702.94
MLIAMulia Industrindo Tbk2.66T6.80T 4.79T 0.58T 4.610.56
Competitiveness Recap of ARNA stock
WeightNotesScore
High
At a market cap of IDR 5,391.25 billion, ARNA.JK ranks 5 in Market Cap out of 10 companies in the Industrials sector.
Max 2
High
At a PE of 11.46, ARNA.JK ranks 5 out of 10 companies in the Industrials sector for P/E value. The average PE is 15.87 (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 Industrials. In this regard, it trails behind sector leaders such as PT Impack Pratama Industri Tbk (46.17) in the Industrials sector.
Max 2
Medium
At a PE of 11.46, ARNA.JK is trading at a higher PE than that of its subsector peers in Industrial Goods (median of 8.04). false
Max 2
Medium
At a revenue of IDR 2.43 trillion, ARNA.JK ranks 8 in Revenue out of 10 companies in the Industrials sector.
Max 2
Medium
At a profit of IDR 0.47 trillion, ARNA.JK ranks 6 in Profit out of 10 companies in the Industrials sector.
Max 2

Future

Future Growth of ARNA

Growth Forecasts

ARNA 2024 Revenue Growth
+26.0%
ARNA 2024 EPS Growth
0.0%
Sector Revenue Growth
-3.8%
Industrial Goods
Indonesia Market Growth
+12.0%
IDX overall growth
Industrial Goods Sector Revenue Growth '24
-4.0%
Industrials Sector Revenue Growth '24
+3.0%

Sector Benchmark

Industrial Goods companies in Indonesia are shrinking at a projected rate of -3.82% against the IDX average of +12.0%.

Industrial Goods sector overview

ARNA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of ARNA
WeightNotesScore
High
ARNA's projected growth rate of -3.82% is below the ID market average of 11.98%.●●●
Max 3
High
The Industrial Goods sub-sector is projected to shrink revenue by -4.05% in 2024. This number is lower than the previous year 2023's growth rate of 1.64%. false
Max 3
Medium
The Industrial Goods sub-sector is projected to decrease earnings by -15.66% in 2024. This number is lower than the previous year 2023's EPS growth of -3.86%. false
Max 3
Medium
ARNA and its peers in the Industrial Goods sub-sector belongs to the Industrials sector. Companies in the Industrials sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to increase by 2.83% in 2024 while revenue growth is projected to increase by 2.96%. These macroeconomic trends will likely be a headwind for ARNA's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Tandean Rustandy, M.B.A.15.2 years
Edy Suyanto. S.E.
Director
George Elnadus Supit, S.Sos
Director
NamePositionShares%
Edwin Pamimpin Situmorang, S.H., M.H.Commissioner3,056,3000.04
Edy Suyanto,SeDirector1,389,4000.02
Tandean Rustandy, MbaDirector2,739,979,40037.32
Expressed in millions IDR, unless otherwise stated

Ownership

ARNA Ownership

Others
29.6%
Insiders
51.89%
Institutions
18.51%
NameNumber of SharesOwnership (%)Value
Public3,448,571,07646.982,569.19B
Tandean Rustandy, Mba2,739,979,40037.322,041.28B
Pt Suprakreasi Eradinamika1,065,432,50014.51793.75B
Treasury Stock83,002,3001.1361.84B
Edwin Pamimpin Situmorang, S.H., M.H.3,056,3000.042.28B
Edy Suyanto,Se1,389,4000.021.04B

Largest Institutional Buy

Swedbank Robur Fonder AB
Bought 31-01-2024
+5,200,000 shares
Nikko Asset Management Hong Kong Limited
Bought 31-01-2024
+1,383,500 shares
Dimensional Fund Advisors
Bought 31-01-2024
+248,300 shares

Largest Institutional Sell

First Sentier Investors (UK) Funds Ltd
Sold 31-01-2024
-44,100,600 shares
UBS Asset Management (Singapore) Ltd
Sold 31-01-2024
-25,904,400 shares
Hermes Investment Management Ltd
Sold 31-01-2024
-10,880,100 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ARNA stock