PT Cisarua Mountain Dairy Tbk

cmry

Overview

CMRY Overview

PT Cisarua Mountain Dairy Tbk is an Indonesia-based company, which is engaged in milk processing business. The Company operates through two segments: Dairy products, and Consumer foods. Its Dairy products are Cimory Fresh Milk, and Cimory Yogurt. Cimory Milk and yogurt are made from milk. It also comes in various flavors. Cimory Fresh Milk offers ultra-high-temperature processing (UHT) milk 250 milliliter (ml), UHT milk 125 ml, and fresh milk 950 ml. Cimory Yogurt include mini yogurt drink 70 ml, yogurt drink 200 ml, yogurt drink 250 ml, Cimory Squeeze 120 Gr, and yogurt cup 400 ml. Its Consumer foods brands are Kanzler and Besto, which are brands of ready-to-cook products. It also offers Kanzler Singles, which can be consumed directly or as a topping for various foods. It offers Kanzler Singles Sausage, Kanzler Singles Meatballs, Kanzler Sausage, Kanzler Nugget, Besto Sausage, and Besto Seafood.

246810ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: CMRY

Main
Market Cap.
IDR 40.07Trillion

~$2.55B USD

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

Valuation

CMRY Valuation Metrics

5,050

IDR

Closing Price on 2024-04-05

Price to Equity

34.89

P/E

At 34.89x P/E TTM, CMRY.JK is trading at a premium to its peers in the Food & Beverage sector (avg 12.2x).

Price to Book

7.07

P/B

At 7.07x P/B TTM, CMRY.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.2x).

Price to Sales

5.44

P/S

At 5.44x P/S TTM, CMRY.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.9x).

Valuing PT Cisarua Mountain Dairy 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 Cisarua Mountain Dairy Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
29.04x
Price/Forward Earnings
-
Enterprise Value/Revenue
5.10x
Enterprise Value/EBITDA
25.00x
PEG Ratio
2.20x

Analyst Ratings

40
60
80
0
100

90.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR5,0502024-04-05
IDR 1,485.30

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of CMRY is IDR1,485, which is 70% lower than CMRY's last closing price of IDR5,050 (as of 2024-04-05).

Valuation Recap of CMRY 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 34.89x is above the ID market average of 8.22x and is trading at a premium to peers in the Food & Beverage sector (12.16x). In fact, less than 25% of its peers trade at a higher P/E ratio than CMRY.
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 7.07x is above the peers average of 1.24x in the Food & Beverage sector. CMRY trades at a higher P/B ratio than >75% of its peers in the Food & Beverage 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 5.44x is above the peers average of 0.90x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of CMRY'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. CMRY's P/CF ratio of 29.04x 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. CMRY's EV/R ratio of 5.10x is considered a relatively high ratio The average EV/R ratio for the Food & Beverage sector is 1.41x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of CMRY is IDR 1,485.30, which is 70% lower than CMRY's last closing price of IDR 5,050.00.
Max 3

Peers

CMRY 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 Tbk126.53T118.89T 67.20T 8.34T 15.173.09
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T33.01T 104.81T 3.29T 36.309.87
UNVRUnilever Indonesia Tbk102.24T18.92T 40.19T 4.94T 20.6919.00
HMSPHM Sampoerna Tbk99.45T55.76T 142.08T 9.79T 10.163.55
PANIPT Pantai Indah Kapuk Dua Tbk.86.73T16.92T 2.13T 0.38T 225.7838.08
CPINCharoen Pokphand Indonesia Tbk86.50T41.94T 60.56T 2.42T 35.772.98
INDFIndofood Sukses Makmur Tbk57.07T188.81T 113.90T 8.80T 6.490.98
MYORMayora Indah Tbk54.11T23.42T 31.33T 2.88T 18.763.90
CMRYPT Cisarua Mountain Dairy Tbk40.07T6.59T 7.36T 1.15T 34.897.07
GGRMGudang Garam Tbk38.39T86.67T 112.51T 5.74T 6.690.64
Competitiveness Recap of CMRY stock
WeightNotesScore
High
At a market cap of IDR 40,070.13 billion, CMRY.JK ranks 9 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 34.89, CMRY.JK ranks 4 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 41.07 (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. (225.78) in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a PE of 34.89, CMRY.JK is trading at a higher PE than that of its subsector peers in Food & Beverage (median of 12.16). false●●
Max 2
Medium
At a revenue of IDR 7.36 trillion, CMRY.JK ranks 9 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 1.15 trillion, CMRY.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of CMRY

Growth Forecasts

No data available

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 12.66% against the IDX average of +12.0%.

Food & Beverage sector overview
No data is available for CMRY at the moment.
Future growth prospect of CMRY
WeightNotesScore
High
CMRY's projected growth rate of 12.66% is above the ID market average of 11.98%.●●●
Max 3
High
The Food & Beverage sub-sector is projected to grow revenue by 13.20% in 2024. This number is higher than the previous year 2023's growth rate of 4.97%. This bodes well for CMRY's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Food & Beverage sub-sector is projected to increase earnings by 58.68% in 2024. This number is higher than the previous year 2023's EPS growth of 40.16%. This bodes well for CMRY's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
CMRY 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 53.54% in 2024 while revenue growth is projected to increase by 13.24%. These macroeconomic trends will likely be a tailwind for CMRY's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Farell Grandisuri Sutantio15.2 years
Axel Sutantio
Director
Bharat Shah Joshi
Director
Arjoso Wisanto
Director
Martua Parningotan Sihaloho
Director
NamePositionShares%
Bambang SutantioPresident Commissioner4,250,000,00053.56
Wenzel SutantioCommissioner570,000,0007.19
Expressed in millions IDR, unless otherwise stated

Ownership

CMRY Ownership

Others
8.22%
Insiders
89.17%
Institutions
2.61%
NameNumber of SharesOwnership (%)Value
Bambang Sutantio4,250,000,00053.5621,462.50B
Public (Scripless)1,521,343,12219.177,682.78B
Farell Grandisuri608,558,9007.673,073.22B
Wenzel Sutantio570,000,0007.192,878.50B
Axel Sutantio 537,003,2006.772,711.87B
General Atlantic 447,777,7785.642,261.28B

Largest Institutional Buy

McInroy & Wood Ltd
Bought 31-01-2024
+3,090,000 shares
Meiji Yasuda Asset Management Co Ltd
Bought 31-01-2024
+1,961,300 shares
Crux Asset Management Limited
Bought 31-01-2024
+1,593,200 shares

Largest Institutional Sell

Goldman Sachs Asset Management, L.P.
Sold 31-01-2024
-65,961,000 shares
Goldman Sachs Asset Management International
Sold 31-01-2024
-28,780,054 shares
FIL Fund Management Limited
Sold 31-01-2024
-13,656,527 shares

Institutional Transactions

Tracking institutional transactions buying / selling of CMRY stock