Saranacentral Bajatama Tbk

baja

Overview

BAJA Overview

PT Saranacentral Bajatama Tbk is an Indonesian-based company engaged in production of steel sheets and coils. The Company's SARANA, SARANALUME, and SARANACOLOR branded products is used in building construction, electrical/machinery, motor vehicles/automotive, and office/equipment, among others. Its products consist of three types of coated steel products, namely: Galvanized Coated Steel (BjLS), Aluminum Zinc-Coated Steel (Saranalume), and Painted Zinc-Coated Steel (Saranacolor). BjLS is Cold Rolled Coil (CRC) coated by zinc via NOF technology so that the products shall not peel despite of being folded up to a maximum of 180 degrees. This product is sold in three forms: coils, plates and corrugated. Saranalume is CRC layered by a combination of 55% Aluminum (Al) and 45% Zinc. Saranalume sheets are used in buildings, electrical products/machineries, motor vehicles/automobiles, offices/equipment and sectors. Saranacolor is zinc-coated steel or 55% Al-Zn coated with polyester outer layers.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BAJA

Development
Market Cap.
IDR 203.40Billion

~$12.95M USD

Industry
Metals & Minerals
Sub-Industry
Iron & Steel
Sector
Basic Materials
Sub-Sector

Valuation

BAJA Valuation Metrics

113

IDR

Closing Price on 2024-04-05

Price to Equity

-3.81

P/E

At -3.81x P/E TTM, BAJA.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

2.02

P/B

At 2.02x P/B TTM, BAJA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

0.21

P/S

At 0.21x P/S TTM, BAJA.JK is trading at a discount to its peers in the Basic Materials sector.

Valuing Saranacentral Bajatama 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 Saranacentral Bajatama Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
26.03x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.23x
Enterprise Value/EBITDA
-4.48x
PEG Ratio
-0.08x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of BAJA 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 -3.81x is below the ID market average of 8.22x and is trading at a discount to peers in the Basic Materials sector (8.22x). In fact, less than 25% of its peers trade at a lower P/E ratio than BAJA.●●●
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 2.02x is above the peers average of 0.89x in the Basic Materials sector. BAJA trades at a higher P/B ratio than >75% of its peers in the Basic Materials 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 0.21x is below the peers average of 0.76x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BAJA'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. BAJA's P/CF ratio of 26.03x 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. BAJA's EV/R ratio of 0.23x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.07x. ●●●
Max 3

Peers

BAJA 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.649.04T127.21T 0.00T 0.00T 9.75
TPIAPT Chandra Asri Petrochemical Tbk614.23T77.45T 32.03T -0.92T -667.5114.37
BRPTBarito Pacific Tbk94.03T146.77T 41.15T 0.38T 244.683.78
MDKAPT Merdeka Copper Gold Tbk.63.00T72.67T 21.67T -0.52T -122.324.38
MBMAPT Merdeka Battery Materials Tbk62.64T0.00T 0.00T 0.00T
NCKLPT Trimegah Bangun Persada Tbk.56.79T45.09T 8.99T 2.04T 27.892.56
INKPIndah Kiat Pulp & Paper Tbk52.38T155.79T 56.29T 8.11T 6.460.57
ANTMAneka Tambang Tbk.41.01T35.50T 43.15T 4.04T 10.141.67
INCOVale Indonesia Tbk40.74T44.35T 18.96T 3.84T 10.601.05
BRMSBumi Resources Minerals Tbk22.69T17.27T 0.55T 0.27T 83.601.25
Competitiveness Recap of BAJA stock
WeightNotesScore
High
At a market cap of IDR 203.40 billion, BAJA.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of -3.81, BAJA.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -49.39 (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 Barito Pacific Tbk (244.68) in the Basic Materials sector.
Max 2
Medium
At a PE of -3.81, BAJA.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 8.22). 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 0.98 trillion, BAJA.JK ranks 8 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of -IDR 0.05 trillion, BAJA.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of BAJA

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 1.84% against the IDX average of +12.0%.

Basic Materials sector overview
No data is available for BAJA at the moment.
Future growth prospect of BAJA
WeightNotesScore
High
BAJA's projected growth rate of 1.84% is below the ID market average of 11.98%.●●●
Max 3
High
The Basic Materials sub-sector is projected to grow revenue by 19.16% in 2024. This number is higher than the previous year 2023's growth rate of 1.18%. This bodes well for BAJA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Basic Materials sub-sector is projected to decrease earnings by -97.81% in 2024. This number is higher than the previous year 2023's EPS growth of -104.18%. false
Max 3
Medium
BAJA 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 challenging year heading into 2024. Specifically, earnings are projected to decrease by -97.81% in 2024 while revenue growth is projected to increase by 19.16%. These macroeconomic trends will likely be a tailwind for BAJA's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Handaja Susanto15.2 years
Pandji Surya Soerjoprahono
Director
Entario Widjaja Susanto
Director
NamePositionShares%
Entario Widjaja SusantoDirector296,016,00016.45
Handaja SusantoPresident Director296,016,00016.45
Ibnu SusantoCommissioner296,016,00016.45
Pandji Surya SoerjoprahonoDirector296,400,00016.47
Soediarto SoerjoprahonoPresident Commissioner146,000,0008.11
Expressed in millions IDR, unless otherwise stated

Ownership

BAJA Ownership

Others
22.22%
Insiders
77.78%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Public (Scripless)400,000,00022.2145.20B
Pandji Surya Soerjoprahono296,400,00016.4733.49B
Entario Widjaja Susanto296,016,00016.4533.45B
Handaja Susanto296,016,00016.4533.45B
Ibnu Susanto296,016,00016.4533.45B
Soediarto Soerjoprahono146,000,0008.1116.50B
Laksmono Tirto Kusumo43,792,0002.434.95B
Anton Sebastian25,760,0001.432.91B
No data is available for BAJA at the moment.