PT Formosa Ingredient Factory Tbk

Overview

BOBA Overview

PT Formosa Ingredient Factory Tbk is an Indonesia-based company, which is engaged in the production of tapioca pearl products, jelly topping, premium jams, brown sugar syrup and waffle premix powder. The Company produces various variants of products under the Boba King brand. The products produced under the Boba King brand are tapioca pearls, topping jelly, premium sauce, syrup, and premix powder. In addition to these products, the Company plans to add product variants popping boba, with brand BOOMBA. The Company distributes throughout Indonesia, through restaurants, local coffee shops and international chains stores, premium modern market, and retail. The Company is also focused on export markets in Asia, including Japan, the Philippines, Hong Kong, Malaysia, Vietnam, and South Korea. Its products include Brown Sugar Jelly, Cocopandan Jelly, Coffee Jelly, Grape Jelly, Grass Jelly, Pandan Jelly, Premium Jelly Brown Sugar, and Premium Jelly Cocopandan.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BOBA

Development
Market Cap.
IDR 187.23Billion

~$11.50M USD

Industry
Processed Foods
Sub-Industry
Processed Foods
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

BOBA Valuation Metrics

162

IDR
0.0%

Closing Price on 2024-07-19

Price to Equity

16.73

P/E

At 16.73x P/E TTM, BOBA.JK is trading at a premium to its peers in the Food & Beverage sector (avg 12.7x).

Price to Book

1.28

P/B

At 1.28x P/B TTM, BOBA.JK is trading in line with its peers in the Food & Beverage sector.

Price to Sales

1.28

P/S

At 1.28x P/S TTM, BOBA.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.9x).

Valuing PT Formosa Ingredient Factory Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Food & Beverage sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Formosa Ingredient Factory Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow12.01x
Price/Forward Earnings-
Enterprise Value/Revenue1.23x
Enterprise Value/EBITDA9.14x
PEG Ratio0.09x

Intrinsic Value

Last closing: IDR1622024-07-19
IDR 4,602.47

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BOBA is IDR4,602, which is 2742% higher than BOBA's last closing price of IDR162 (as of 2024-07-19).

Valuation Recap of BOBA 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 16.73x is above the ID market average of 8.44x and is trading at a premium to peers in the Food & Beverage sector (12.70x).

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 1.28x is similar to the peers average of 1.42x in the Food & Beverage 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 1.28x is similar to the peers average of 0.87x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BOBA'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. BOBA's P/CF ratio of 12.01x 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. BOBA's EV/R ratio of 1.23x is considered extremely underpriced by the market. The average EV/R ratio for the Food & Beverage sector is 1.34x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BOBA is IDR 4,602.47, which is 2742% higher than BOBA's last closing price of IDR 162.00.

Peers

BOBA 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
ICBPIndofood CBP Sukses Makmur Tbk125.95T123.60T 68.69T 5.39T 23.372.92
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T40.38T 110.10T 3.52T 33.997.83
UNVRUnilever Indonesia Tbk106.82T18.34T 38.09T 4.84T 22.0522.05
CPINCharoen Pokphand Indonesia Tbk89.78T43.54T 62.96T 2.79T 32.193.24
PANIPT Pantai Indah Kapuk Dua Tbk.87.12T34.93T 1.88T 0.21T 409.376.67
HMSPHM Sampoerna Tbk84.91T55.80T 145.09T 10.34T 8.212.64
MYORMayora Indah Tbk57.69T25.92T 31.79T 3.58T 16.123.57
INDFIndofood Sukses Makmur Tbk53.34T198.32T 111.95T 6.75T 7.910.86
CMRYPT Cisarua Mountain Dairy Tbk39.28T7.51T 8.11T 1.33T 29.516.21
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.86T7.97T 8.37T 1.22T 16.292.84
Competitiveness Recap of BOBA stock
WeightNotesScore
High
At a market cap of IDR 187.23 billion, BOBA.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 16.73, BOBA.JK ranks 7 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 59.95 (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 Non-Cyclicals. In this regard, it trails behind sector leaders such as PT Pantai Indah Kapuk Dua Tbk. (409.37) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 16.73, BOBA.JK is trading at a higher PE than that of its subsector peers in Food & Beverage (median of 12.70). false

Medium
At a revenue of IDR 0.15 trillion, BOBA.JK ranks 10 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 0.01 trillion, BOBA.JK ranks 10 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of BOBA

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 14.44% against the IDX average of +13.8%.

Food & Beverage sector overview
No data is available for BOBA at the moment.
Future growth prospect of BOBA
WeightNotesScore
High
BOBA's projected growth rate of 14.44% is above the ID market average of 13.82%.

High
The Food & Beverage sub-sector is projected to grow revenue by 14.19% in 2025. This number is higher than the previous year 2024's growth rate of 4.95%. This bodes well for BOBA's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 42.54% in 2025. This number is higher than the previous year 2024's EPS growth of 24.83%. This bodes well for BOBA's earnings growth prospects in the next 2 years.

Medium
BOBA and its peers in the Food & Beverage sub-sector belongs to the Consumer Non-Cyclicals sector. Companies in the Consumer Non-Cyclicals sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 31.27% in 2025 while revenue growth is projected to increase by 12.79%. These macroeconomic trends will likely be a tailwind for BOBA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of BOBA

Oscillators

Sell

Sell

3

Neutral

7

Buy

1

Summary

Strong Sell

Sell

16

Neutral

8

Buy

2

Moving Averages

Strong Sell

Sell

13

Neutral

1

Buy

1

Summary

Technical Ratings of BOBA
IndicatorSummarySellNeutralBuy
SummaryStrong Sell1682
OscillatorsSell371
Moving AveragesStrong Sell1311

Last Update: 2024-07-19

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Management

Executive Management

President Director

Yunita Sugiarto Ew15.2 years

Vice President Director

Dewi Irianty Wijaya15.4 years
Ge, Ieyanto YaminDirector
NamePositionShares%Stock Value
(in Billion IDR)
Dewi Irianty WijayaVice President Director64,000,0005.5410.37B
Hengky WijayaCommissioner288,831,50024.9946.79B

Ownership

BOBA Ownership

NameNumber of SharesOwnership (%)Value
Hengky Wijaya288,831,50024.9946.79B
Pt Kurniamitra Duta Sentosa Tbk274,000,00023.7144.39B
Public (Scripless)272,918,50023.6144.21B
Texture Maker Enterprise Co., Ltd172,784,00014.9527.99B
Chen Kuan Ting83,216,0007.213.48B
Dewi Irianty Wijaya64,000,0005.5410.37B

BOBA Filings

No noteworthy filings to report on

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