PT Avia Avian Tbk

avia

+0.93%

Overview

AVIA Overview

PT Avia Avian Tbk. is an Indonesia-based company, which is engaged in manufacture and trade of paints and printing inks, varnishes, lacquers, adhesives or glues, mortar, or ready-mixed concrete. The Company’s segments include architectural solutions and trading goods. The architectural solutions business focuses on manufacturing, distributing, and trading wall paints, wood and metal paints, leak-proof coatings, wood treatments, glues, roofing paints, and instant cement products. The trading goods business focuses on distributing and selling pipes, furniture, and supporting products that are required in painting processes, such as paint rollers, paint brushes, tapes, and sandpapers. The Company has two manufacturing facilities located in Sidoarjo and Serang with respective production capacity of 213,840 and 72,576 metric tons per year. It also produces paint packaging and resin raw materials independently using special machinery.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AVIA

Main
Market Cap.
IDR 33.44Trillion

~$2.09B USD

Industry
Chemicals
Sub-Industry
Specialty Chemicals
Sector
Basic Materials
Sub-Sector

Valuation

AVIA Valuation Metrics

540

IDR
+0.9%

Closing Price on 2024-04-18

Price to Equity

20.36

P/E

At 20.36x P/E TTM, AVIA.JK is trading at a premium to its peers in the Basic Materials sector (avg 8.4x).

Price to Book

3.37

P/B

At 3.37x P/B TTM, AVIA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

4.77

P/S

At 4.77x P/S TTM, AVIA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing PT Avia Avian Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Avia Avian Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
21.09x
Price/Forward Earnings
18.29x
Enterprise Value/Revenue
3.92x
Enterprise Value/EBITDA
12.59x
PEG Ratio
2.02x

Analyst Ratings

40
60
80
0
100

80.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR5402024-04-18
IDR 386.29

Slightly Lower Intrinsic Value: Analyst's intrinsic value is of AVIA is IDR386, which is 27% lower than AVIA's last closing price of IDR540 (as of 2024-04-18).

Valuation Recap of AVIA 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 20.36x is above the ID market average of 8.46x and is trading at a premium to peers in the Basic Materials sector (8.44x). In fact, less than 25% of its peers trade at a higher P/E ratio than AVIA.

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 3.37x is above the peers average of 0.88x in the Basic Materials sector. AVIA trades at a higher P/B ratio than >75% of its peers in the Basic Materials 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 4.77x is above the peers average of 0.83x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AVIA's valuation relative to its current sales and future earnings growth. AVIA trades at a Forward P/E ratio of 18.29x, 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. AVIA's P/CF ratio of 21.09x 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. AVIA's EV/R ratio of 3.92x is considered a relatively high ratio The average EV/R ratio for the Basic Materials sector is 1.14x.

Medium
Slightly Lower Intrinsic Value: Analyst's intrinsic value is of AVIA is IDR 386.29, which is 27% lower than AVIA's last closing price of IDR 540.00.

Peers

AVIA 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
AMMNPT Amman Mineral Internasional Tbk.649.04T140.91T 31.50T 3.91T 166.189.21
TPIAPT Chandra Asri Petrochemical Tbk599.09T86.97T 33.46T -0.52T -1151.8914.12
BRPTBarito Pacific Tbk89.82T157.22T 42.76T 0.40T 222.033.43
MDKAPT Merdeka Copper Gold Tbk.67.36T76.90T 26.44T -0.32T -210.524.69
MBMAPT Merdeka Battery Materials Tbk61.02T50.55T 20.58T 0.11T 568.512.57
NCKLPT Trimegah Bangun Persada Tbk.56.47T45.29T 23.86T 5.62T 10.052.40
INKPIndah Kiat Pulp & Paper Tbk52.79T156.84T 53.89T 6.37T 8.280.57
INCOVale Indonesia Tbk42.83T45.32T 19.09T 4.25T 10.081.08
ANTMAneka Tambang Tbk.41.45T35.50T 43.15T 4.04T 10.251.68
AVIAPT Avia Avian Tbk33.44T11.17T 7.02T 1.64T 20.363.37
Competitiveness Recap of AVIA stock
WeightNotesScore
High
At a market cap of IDR 33,436.21 billion, AVIA.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 20.36, AVIA.JK ranks 4 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -34.67 (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 Basic Materials. In this regard, it trails behind sector leaders such as PT Merdeka Battery Materials Tbk (568.51) in the Basic Materials sector.

Medium
At a PE of 20.36, AVIA.JK is trading at a higher PE than that of its subsector peers in Basic Materials (median of 8.44). false

Medium
At a revenue of IDR 7.02 trillion, AVIA.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 1.64 trillion, AVIA.JK ranks 6 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of AVIA

Growth Forecasts

AVIA 2024 Revenue Growth
+6.9%
AVIA 2024 EPS Growth
0.0%
Sector Revenue Growth
+5.0%
Basic Materials
Indonesia Market Growth
+7.6%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+93.4%
Basic Materials Sector Revenue Growth '24
+93.4%

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 5.04% against the IDX average of +7.6%.

Basic Materials sector overview

AVIA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of AVIA
WeightNotesScore
High
AVIA's projected growth rate of 5.04% is below the ID market average of 7.62%.

High
The Basic Materials sub-sector is projected to grow revenue by 93.43% in 2024. This number is higher than the previous year 2023's growth rate of -8.67%. This bodes well for AVIA's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to increase earnings by 8.54% in 2024. This number is higher than the previous year 2023's EPS growth of 0.72%. This bodes well for AVIA's earnings growth prospects in the next 2 years.

Medium
AVIA and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 8.54% in 2024 while revenue growth is projected to increase by 93.43%. These macroeconomic trends will likely be a tailwind for AVIA's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Wijono Tanoko15.2 years

Vice President Director

Ruslan Tanoko15.4 years
Robert Christian Tanoko
Director
Kurnia Hadi Sinanto
Director
Angelica Tanisia Jozar
Director
NamePositionShares%
Angelica Tanisia JozarDirector169,300< 0.01
Kurnia Hadi SinantoDirector556,600< 0.01
Robert Christian TanokoDirector1,425,406,3002.3
Wijono TanokoPresident Director2,504,200< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

AVIA Ownership

Others
9.16%
Insiders
81.42%
Institutions
9.42%
NameNumber of SharesOwnership (%)Value
Pt Tancorp Surya Sentosa22,674,971,00036.612,244.48B
Pt Wahana Lancar Rejeki20,129,652,90032.4910,870.01B
Public (Scripless)11,735,016,40018.956,336.91B
Archipelago Investment Private Limited3,902,748,9006.32,107.48B
Public (Scrip)2,082,530,0003.361,124.57B
Robert Christian Tanoko1,425,406,3002.3769.72B

Largest Institutional Buy

Franklin Templeton International Services S.à r.l.
Bought 31-01-2024
+340,239,800 shares
Franklin Templeton Invts
Bought 31-01-2024
+109,085,200 shares
Templeton Asset Management Ltd.
Bought 31-01-2024
+109,085,200 shares

Largest Institutional Sell

Virtus Investment Advisers, Inc.
Sold 31-01-2024
-372,599,168 shares
Morgan Stanley Investment Management, Inc.
Sold 31-01-2024
-362,974,600 shares
Fidelity Management & Research Company LLC
Sold 31-01-2024
-268,564,083 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AVIA stock