PT Budi Starch & Sweetener Tbk.

budi

+2.96%

Overview

BUDI Overview

PT Budi Starch & Sweetener Tbk is engaged in the industrial food processing and chemicals, and all derivative products produced from cassava, sweet potato, palm oil, copra and other agricultural products and a variety of industries, especially the plastics industry. The Company operates through four segments: Tapioca Starch, Sweeteners, Citric Acid and Other Chemical Products, and Plastic Packaging. Its Tapioca Starch product industrial users include food, paper, confectionery, sorbitol, chemical, and instant noodles. Its Glucose and Fructose product industrial users include food and beverage, confectionery, and pharmacy. Its Maltodextrin product industrial users include baby’s food, biscuit, milk, ice cream, and pharmacy. Its PP Woven Bag product industrial users include all industries, which need packaging, such as tapioca starch, and rice flour. Its Sulphuric Acid product industrial users include citric acid, fertilizer, rayon, color essences, medicines, and detergent.

246810ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BUDI

Main
Market Cap.
IDR 1.25Trillion

~$78.16M USD

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

Valuation

BUDI Valuation Metrics

278

IDR
+3.0%

Closing Price on 2024-04-18

Price to Equity

12.41

P/E

At 12.41x P/E TTM, BUDI.JK is trading in line with its peers in the Food & Beverage sector.

Price to Book

0.85

P/B

At 0.85x P/B TTM, BUDI.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

0.32

P/S

At 0.32x P/S TTM, BUDI.JK is trading at a discount to its peers in the Food & Beverage sector.

Valuing PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk. relative to other stocks in the Food & Beverage sector

Price/Cash Flow
6.55x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.62x
Enterprise Value/EBITDA
8.39x
PEG Ratio
-0.59x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2782024-04-18
IDR 222.43

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BUDI is IDR222, which is 19% lower than BUDI's last closing price of IDR278 (as of 2024-04-18).

Valuation Recap of BUDI 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 12.41x is above the ID market average of 8.46x but is trading in a P/E range similar to its peers in the Food & Beverage sector (12.41x).

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 0.85x is below the peers average of 1.27x 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 0.32x is similar to the peers average of 0.81x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BUDI'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. BUDI's P/CF ratio of 6.55x 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. BUDI's EV/R ratio of 0.62x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.27x.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BUDI is IDR 222.43, which is 19% lower than BUDI's last closing price of IDR 278.00.

Peers

BUDI 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 Tbk117.79T119.27T 67.91T 6.99T 16.852.89
AMRTPT Sumber Alfaria Trijaya Tbk.115.85T34.25T 106.94T 3.40T 34.048.00
HMSPHM Sampoerna Tbk97.13T55.32T 115.98T 8.10T 12.003.25
UNVRUnilever Indonesia Tbk91.18T16.66T 38.61T 4.80T 18.9926.97
PANIPT Pantai Indah Kapuk Dua Tbk.83.61T33.71T 2.16T 0.27T 309.616.46
CPINCharoen Pokphand Indonesia Tbk79.69T40.97T 61.62T 2.32T 34.372.95
INDFIndofood Sukses Makmur Tbk53.78T186.59T 111.70T 8.15T 6.600.91
MYORMayora Indah Tbk52.77T23.42T 31.33T 2.88T 18.303.81
CMRYPT Cisarua Mountain Dairy Tbk39.67T7.05T 7.77T 1.24T 31.956.68
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.34T7.52T 8.30T 1.17T 16.542.93
Competitiveness Recap of BUDI stock
WeightNotesScore
High
At a market cap of IDR 1,250.72 billion, BUDI.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 12.41, BUDI.JK ranks 8 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 49.51 (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. (309.61) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 12.41, BUDI.JK is trading at a higher PE than that of its subsector peers in Food & Beverage (median of 12.41). false

Medium
At a revenue of IDR 3.94 trillion, BUDI.JK ranks 9 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 0.10 trillion, BUDI.JK ranks 10 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of BUDI

Growth Forecasts

No data available

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 9.96% against the IDX average of +7.6%.

Food & Beverage sector overview
No data is available for BUDI at the moment.
Future growth prospect of BUDI
WeightNotesScore
High
BUDI's projected growth rate of 9.96% is above the ID market average of 7.62%.

High
The Food & Beverage sub-sector is projected to grow revenue by 17.36% in 2024. This number is higher than the previous year 2023's growth rate of 6.89%. This bodes well for BUDI's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 64.39% in 2024. This number is higher than the previous year 2023's EPS growth of 26.24%. This bodes well for BUDI's earnings growth prospects in the next 2 years.

Medium
BUDI 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 2024. Specifically, earnings are projected to increase by 64.39% in 2024 while revenue growth is projected to increase by 17.36%. These macroeconomic trends will likely be a tailwind for BUDI's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Santoso Winata15.2 years

Vice President Director

Sudarmo Tasmin15.4 years
Djunaidi Nur
Director
Sugandhi
Director
Oey Albert
Director
Tan Anthony Sudirjo
Director
NamePositionShares%
No data is available for BUDI at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

BUDI Ownership

Others
40.24%
Insiders
59.76%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Public (Scripless)1,810,112,65640.23503.21B
Pt Budi Delta Swakarya1,487,271,83333.06413.46B
Pt Sungai Budi1,201,296,99826.7333.96B
Public (Scrip)315,8750.010.09B

Largest Institutional Buy

No data is available for BUDI at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-1,700,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BUDI stock