Saranacentral Bajatama Tbk

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 185.40Billion

~$11.38M USD

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

Valuation

BAJA Valuation Metrics

103

IDR
-1.0%

Closing Price on 2024-07-19

Price to Equity

-6.12

P/E

At -6.12x P/E TTM, BAJA.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

1.98

P/B

At 1.98x P/B TTM, BAJA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Price to Sales

0.22

P/S

At 0.22x 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-8.18x
Price/Forward Earnings-
Enterprise Value/Revenue0.30x
Enterprise Value/EBITDA-13.41x
PEG Ratio0.02x

Intrinsic Value

Last closing: IDR1032024-07-19
IDR 877.43

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BAJA is IDR877, which is 753% higher than BAJA's last closing price of IDR103 (as of 2024-07-19).

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. Unfortunately, the P/E ratio for BAJA is negative, commonly seen in companies that are still in the growth phase and have not yet turned a profit. Sometimes, negative P/E ratios can occur due to one-time write-offs or accounting adjustments that affect earnings temporarily. However, sustained negative earnings usually reflect ongoing operational losses.

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 1.98x is above the peers average of 0.75x in the Basic Materials sector. BAJA 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 0.22x is below the peers average of 0.78x 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.

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 -8.18x is considered healthy 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. BAJA's EV/R ratio of 0.30x is considered extremely underpriced by the market. The average EV/R ratio for the Basic Materials sector is 1.12x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BAJA is IDR 877.43, which is 753% higher than BAJA's last closing price of IDR 103.00.

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
TPIAPT Chandra Asri Pacific Tbk819.70T85.40T 32.94T -1.18T -697.2019.04
AMMNPT Amman Mineral Internasional Tbk.815.83T156.74T 23.23T 4.99T 163.6110.99
BRPTBarito Pacific Tbk101.21T159.72T 42.22T 0.17T 584.883.73
MBMAPT Merdeka Battery Materials Tbk66.96T52.49T 16.68T 0.14T 489.882.74
NCKLPT Trimegah Bangun Persada Tbk.58.68T48.39T 19.65T 3.88T 15.142.36
MDKAPT Merdeka Copper Gold Tbk.57.11T78.26T 31.60T -0.59T -97.013.74
INKPIndah Kiat Pulp & Paper Tbk46.50T164.67T 49.97T 6.33T 7.340.48
INCOVale Indonesia Tbk40.37T45.32T 19.09T 4.25T 9.501.02
ANTMAneka Tambang Tbk.33.04T41.21T 38.08T 1.65T 19.991.07
BRMSBumi Resources Minerals Tbk22.40T17.90T 0.74T 0.19T 121.031.19
Competitiveness Recap of BAJA stock
WeightNotesScore
High
At a market cap of IDR 185.40 billion, BAJA.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of -6.12, BAJA.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 49.00 (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 (584.88) in the Basic Materials sector.

Medium
At a PE of -6.12, BAJA.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 7.87). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 0.83 trillion, BAJA.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of -IDR 0.03 trillion, BAJA.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of BAJA

Growth Forecasts

Analyst Ratings

Based on ratings from 2 analysts for BAJA over the past 3 months.

Strong Buy

Strong Buy

100.0%

Buy

0.0%

Hold

0.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 16.97% against the IDX average of +13.8%.

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 16.97% is above the ID market average of 13.82%.

High
The Basic Materials sub-sector is projected to grow revenue by 18.57% in 2025. This number is higher than the previous year 2024's growth rate of 14.72%. This bodes well for BAJA's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -161.49% in 2025. This number is lower than the previous year 2024's EPS growth of -94.01%. false

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 2025. Specifically, earnings are projected to decrease by -161.49% in 2025 while revenue growth is projected to increase by 18.57%. These macroeconomic trends will likely be a headwind for BAJA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of BAJA

Oscillators

Sell

Sell

2

Neutral

9

Buy

0

Summary

Neutral

Sell

7

Neutral

11

Buy

8

Moving Averages

Buy

Sell

5

Neutral

2

Buy

8

Summary

Technical Ratings of BAJA
IndicatorSummarySellNeutralBuy
SummaryNeutral7118
OscillatorsSell290
Moving AveragesBuy528

Last Update: 2024-07-19

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Management

Executive Management

President Director

Handaja Susanto15.2 years
Pandji Surya SoerjoprahonoDirector
Entario Widjaja SusantoDirector
NamePositionShares%Stock Value
(in Billion IDR)
Entario Widjaja SusantoDirector296,016,00016.4530.49B
Handaja SusantoPresident Director296,016,00016.4530.49B
Ibnu SusantoCommissioner296,016,00016.4530.49B
Pandji Surya SoerjoprahonoDirector296,400,00016.4730.53B
Soediarto SoerjoprahonoPresident Commissioner146,000,0008.1115.04B

Ownership

BAJA Ownership

NameNumber of SharesOwnership (%)Value
Public (Scripless)400,000,00022.2141.20B
Pandji Surya Soerjoprahono296,400,00016.4730.53B
Entario Widjaja Susanto296,016,00016.4530.49B
Handaja Susanto296,016,00016.4530.49B
Ibnu Susanto296,016,00016.4530.49B
Soediarto Soerjoprahono146,000,0008.1115.04B
Laksmono Tirto Kusumo43,792,0002.434.51B
Anton Sebastian25,760,0001.432.65B

BAJA Filings

No noteworthy filings to report on

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