Indo Kordsa Tbk

bram

+0.88%

Overview

BRAM Overview

PT Indo Kordsa Tbk is an Indonesia-based company, which is engaged in manufacturing and marketing of tire cord fabric, yarn filaments (nylon fiber, polyester fiber, rayon fiber), nylon tire cord, and raw materials of polyester (purified terephthalic acid). The Company sells its products to domestic and international markets. The Company operates through three segments: Tyre cord fabric, Nylon yarn and Polyester yarn. The Company produces Nylon 66 and Polyester HMLS yarn for cord fabric production. It processes Nylon 66 and Polyester HMLS yarn to produces cord fabric, which lends tires strength and flexibility. The Company’s subsidiaries include Thai Indo Kordsa Co., Ltd. (TIK) and PT Indo Kordsa Polyester (IKP). TIK is engaged in tire cord fabric industry. IKP is engaged in polyester tire yarn industry.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BRAM

Main
Market Cap.
IDR 2.57Trillion

~$160.32M USD

Industry
Auto Components
Sub-Industry
Tires
Sector
Consumer Cyclicals

Valuation

BRAM Valuation Metrics

5,700

IDR
+0.9%

Closing Price on 2024-04-18

Price to Equity

10.81

P/E

At 10.81x P/E TTM, BRAM.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 7.7x).

Price to Book

0.78

P/B

At 0.78x P/B TTM, BRAM.JK is trading in line with its peers in the Automobiles & Components sector.

Price to Sales

0.66

P/S

At 0.66x P/S TTM, BRAM.JK is trading at a discount to its peers in the Automobiles & Components sector.

Valuing Indo Kordsa Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Automobiles & Components sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Indo Kordsa Tbk relative to other stocks in the Automobiles & Components sector

Price/Cash Flow
2.69x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.56x
Enterprise Value/EBITDA
5.30x
PEG Ratio
-0.12x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR5,7002024-04-18
IDR 6,997.20

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of BRAM is IDR6,997, which is 24% higher than BRAM's last closing price of IDR5,700 (as of 2024-04-18).

Valuation Recap of BRAM 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 10.81x is above the ID market average of 8.46x and is trading at a premium to peers in the Automobiles & Components sector (7.68x).

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 0.78x is similar to the peers average of 0.78x in the Automobiles & Components 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 0.66x is similar to the peers average of 0.92x in the Automobiles & Components sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BRAM'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. BRAM's P/CF ratio of 2.69x 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. BRAM's EV/R ratio of 0.56x is considered extremely underpriced by the market The average EV/R ratio for the Automobiles & Components sector is 0.85x.

Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of BRAM is IDR 6,997.20, which is 24% higher than BRAM's last closing price of IDR 5,700.00.

Peers

BRAM 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
MASAMultistrada Arah Sarana Tbk50.28T8.11T 7.57T 1.17T 43.088.52
FILMPT MD Pictures Tbk.49.22T1.71T 0.37T 0.10T 509.3330.21
MSINPT MNC Digital Entertainment Tbk35.19T6.74T 2.95T 0.26T 133.316.13
MAPIMitra Adiperkasa Tbk29.36T27.52T 33.32T 1.89T 15.502.94
MAPAPT MAP Aktif Adiperkasa Tbk.26.79T10.80T 13.56T 1.39T 19.304.70
CNMAPT Nusantara Sejahtera Raya Tbk18.50T7.37T 5.23T 0.69T 26.903.91
ACESAce Hardware Indonesia Tbk16.09T7.75T 7.61T 0.76T 21.082.62
TRIOTrikomsel Oke Tbk11.08T0.10T 0.75T -0.11T -98.34-2.97
SMSMSelamat Sempurna Tbk10.80T4.57T 5.10T 0.94T 11.443.36
AUTOAstra Otoparts Tbk10.03T19.61T 18.65T 1.84T 5.440.75
Competitiveness Recap of BRAM stock
WeightNotesScore
High
At a market cap of IDR 2,565.32 billion, BRAM.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.

High
At a PE of 10.81, BRAM.JK ranks 9 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is 69.24 (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 Cyclicals. In this regard, it trails behind sector leaders such as PT MD Pictures Tbk. (509.33) in the Consumer Cyclicals sector.

Medium
At a PE of 10.81, BRAM.JK is trading at a higher PE than that of its subsector peers in Automobiles & Components (median of 7.68). false

Medium
At a revenue of IDR 3.90 trillion, BRAM.JK ranks 7 in Revenue out of 10 companies in the Consumer Cyclicals sector.

Medium
At a profit of IDR 0.24 trillion, BRAM.JK ranks 8 in Profit out of 10 companies in the Consumer Cyclicals sector.

Future

Future Growth of BRAM

Growth Forecasts

No data available

Sector Benchmark

Automobiles & Components companies in Indonesia are growing at a projected rate of 13.46% against the IDX average of +7.6%.

Automobiles & Components sector overview
No data is available for BRAM at the moment.
Future growth prospect of BRAM
WeightNotesScore
High
BRAM's projected growth rate of 13.46% is above the ID market average of 7.62%.

Medium
BRAM and its peers in the Automobiles & Components sub-sector belongs to the Consumer Cyclicals sector. Companies in the Consumer Cyclicals sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by 0.00% in 2024 while revenue growth is projected to increase by 99.52%. These macroeconomic trends will likely be a headwind for BRAM's earnings growth prospects in the next 2 years.

Loading...
Loading...

Management

Executive Management

President Director

Omur Mentes15.2 years
Umit Coskun
Director
Raden Wahyu Yuniarto
Director
Bulent Bozdogan
Director
NamePositionShares%
No data is available for BRAM at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

BRAM Ownership

Others
0.59%
Insiders
99.41%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Kordsa Teknik Tekstil A.S.277,193,06861.591,580.00B
Endang Lestari Pujiastuti74,571,62016.57425.06B
Public (Scripless)71,902,57815.97409.84B
Pt Risjadson Suryatama25,231,5005.61143.82B
Public (Scrip)1,158,2140.266.60B

Largest Institutional Buy

No data is available for BRAM at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-11,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BRAM stock