Charoen Pokphand Indonesia Tbk

cpin

-4.24%

Overview

CPIN Overview

PT Charoen Pokphand Indonesia Tbk is an Indonesia-based company, which is engaged in manufacturing animal feeds, including poultry feeds and pig feeds. The Company's business activities include broiler breeding, slaughterhouse and nonpoultry meat packing activities, slaughterhouse and poultry meat packing activities, industry of manufacture and preservation of poultry and meat products, industry of frosting of fruits and vegetables, industry of mixed flour and flour dough, industry of food and processed food. Its business activities also include industry of cooking spices and seasonings, industry of animal food rations, industry of pharmaceutical product for animals, industry of plastic packaging, industry of household appliances and equipment, wholesale trading of live-stocks, wholesale of trading poultry and processed chicken, warehousing and storage and cold storage activities. The Company’s brands include HI-PRO, HI-PRO-VITE, BINTANG, BONAVITE, ROYAL FEED, TURBO FEED and TIJI.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: CPIN

Main
Market Cap.
IDR 79.69Trillion
#24 in Indonesia

~$4.98B USD

Industry
Agricultural Products
Sub-Industry
Fish, Meat, & Poultry
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

CPIN Valuation Metrics

4,860

IDR
-4.2%

Closing Price on 2024-04-18

Price to Equity

34.37

P/E

At 34.37x P/E TTM, CPIN.JK is trading at a premium to its peers in the Food & Beverage sector (avg 12.4x).

Price to Book

2.95

P/B

At 2.95x P/B TTM, CPIN.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.3x).

Price to Sales

1.29

P/S

At 1.29x P/S TTM, CPIN.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.8x).

Valuing Charoen Pokphand Indonesia 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 Charoen Pokphand Indonesia Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
25.33x
Price/Forward Earnings
19.19x
Enterprise Value/Revenue
1.41x
Enterprise Value/EBITDA
21.91x
PEG Ratio
0.50x

Analyst Ratings

40
60
80
0
100

70.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR4,8602024-04-18
IDR 2,293.68

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of CPIN is IDR2,294, which is 52% lower than CPIN's last closing price of IDR4,860 (as of 2024-04-18).

Valuation Recap of CPIN 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 34.37x is above the ID market average of 8.46x and is trading at a premium to peers in the Food & Beverage sector (12.41x). In fact, less than 25% of its peers trade at a higher P/E ratio than CPIN.

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 2.95x is above 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 1.29x 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 CPIN's valuation relative to its current sales and future earnings growth. CPIN trades at a Forward P/E ratio of 19.19x, which is considered richly valued by analysts.

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. CPIN's P/CF ratio of 25.33x 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. CPIN's EV/R ratio of 1.41x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.27x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of CPIN is IDR 2,293.68, which is 52% lower than CPIN's last closing price of IDR 4,860.00.

Peers

CPIN 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
GGRMGudang Garam Tbk37.71T92.45T 118.95T 5.32T 7.080.62
Competitiveness Recap of CPIN stock
WeightNotesScore
High
At a market cap of IDR 79,694.28 billion, CPIN.JK ranks 6 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 34.37, CPIN.JK ranks 2 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 48.98 (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 34.37, CPIN.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 61.62 trillion, CPIN.JK ranks 6 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 2.32 trillion, CPIN.JK ranks 8 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of CPIN

Growth Forecasts

CPIN 2024 Revenue Growth
+3.3%
CPIN 2024 EPS Growth
+70.4%
Sector Revenue Growth
+10.0%
Food & Beverage
Indonesia Market Growth
+7.6%
IDX overall growth
Food & Beverage Sector Revenue Growth '24
+17.4%
Consumer Non-Cyclicals Sector Revenue Growth '24
+17.4%

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

CPIN Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of CPIN
WeightNotesScore
High
CPIN'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 CPIN'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 CPIN's earnings growth prospects in the next 2 years.

Medium
CPIN 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 CPIN's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Tjiu Thomas Effendy15.2 years

Vice President Director

Peraphon Prayooravong15.4 years
Ong Mei Sian
Director
Jemmy
Director
Eddy Dharmawan Mansjoer
Director
Ferdiansyah Gunawan Tjoe
Director
NamePositionShares%
No data is available for CPIN at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

CPIN Ownership

Others
39.38%
Insiders
55.53%
Institutions
5.09%
NameNumber of SharesOwnership (%)Value
Pt Charoen Pokphand Indonesia Group9,106,385,41055.5344,257.03B
Public (Scripless)6,579,598,79040.1331,976.85B
Public (Scrip)712,015,8004.343,460.40B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+6,933,340 shares
Legal & General(Unit Trust Managers)Ltd
Bought 31-01-2024
+1,891,101 shares
Legal & General
Bought 31-01-2024
+893,321 shares

Largest Institutional Sell

JPMorgan Asset Management (Europe) S.à r.l.
Sold 31-01-2024
-11,111,300 shares
JPMorgan Asset Management (Asia Pacific) Limited
Sold 31-01-2024
-8,934,270 shares
Vanguard Group Inc
Sold 31-01-2024
-2,707,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of CPIN stock