Citra Tubindo Tbk

Overview

CTBN Overview

PT Citra Tubindo Tbk is an Indonesia-based company, which is engaged in the manufacturing of oil country tubular goods and supporting services for oil and gas industry as well as mining industry. The Company operates through three segments: Pipe Processing, Transportation Services and Others, and Technical Support. Pipe Processing segment offers pipe threading and services, heat treatment facility, and testing and inspection facility. Transportation Services and Others segment offers port management and logistics services. Technical Support segment is engaged in providing suggestions to consumers on the type of thread and material that is suitable for use according to certain oil/gas well conditions and working with thread license owners to supervise when inserting pipes into the well so that the pipe can work optimally according to the plan. It also exports its products to Europe, United States, Australia, the Middle East, Brazil, and other countries in Africa and Asia.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: CTBN

Watchlist
Market Cap.
IDR 948.44Billion

~$58.24M USD

Industry
Metals & Minerals
Sub-Industry
Iron & Steel
Sector
Basic Materials
Sub-Sector

Valuation

CTBN Valuation Metrics

1,185

IDR
+0.9%

Closing Price on 2024-07-19

Price to Equity

3.40

P/E

At 3.40x P/E TTM, CTBN.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

0.57

P/B

At 0.57x P/B TTM, CTBN.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.30

P/S

At 0.30x P/S TTM, CTBN.JK is trading at a discount to its peers in the Basic Materials sector.

Valuing Citra Tubindo Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Citra Tubindo Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow3.90x
Price/Forward Earnings-
Enterprise Value/Revenue0.22x
Enterprise Value/EBITDA2.13x
PEG Ratio-0.22x

Intrinsic Value

Last closing: IDR1,1852024-07-19
IDR 2,243.47

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of CTBN is IDR2,243, which is 90% higher than CTBN's last closing price of IDR1,185 (as of 2024-07-19).

Valuation Recap of CTBN 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 3.40x is below the ID market average of 8.44x and is trading at a discount to peers in the Basic Materials sector (7.87x).

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 0.57x is similar to the peers average of 0.75x in the Basic Materials 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 0.30x is similar to the peers average of 0.78x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of CTBN'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. CTBN's P/CF ratio of 3.90x 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. CTBN's EV/R ratio of 0.22x is considered extremely underpriced by the market. The average EV/R ratio for the Basic Materials sector is 1.12x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of CTBN is IDR 2,243.47, which is 90% higher than CTBN's last closing price of IDR 1,185.00.

Peers

CTBN 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
TPIAPT Chandra Asri Pacific Tbk819.70T85.40T 32.94T -1.18T -697.2019.04
AMMNPT Amman Mineral Internasional Tbk.815.83T156.74T 23.23T 4.99T 163.6110.99
BRPTBarito Pacific Tbk101.21T159.72T 42.22T 0.17T 584.883.73
MBMAPT Merdeka Battery Materials Tbk66.96T52.49T 16.68T 0.14T 489.882.74
NCKLPT Trimegah Bangun Persada Tbk.58.68T48.39T 19.65T 3.88T 15.142.36
MDKAPT Merdeka Copper Gold Tbk.57.11T78.26T 31.60T -0.59T -97.013.74
INKPIndah Kiat Pulp & Paper Tbk46.50T164.67T 49.97T 6.33T 7.340.48
INCOVale Indonesia Tbk40.37T45.32T 19.09T 4.25T 9.501.02
ANTMAneka Tambang Tbk.33.04T41.21T 38.08T 1.65T 19.991.07
BRMSBumi Resources Minerals Tbk22.40T17.90T 0.74T 0.19T 121.031.19
Competitiveness Recap of CTBN stock
WeightNotesScore
High
At a market cap of IDR 948.44 billion, CTBN.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 3.40, CTBN.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 49.95 (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 Basic Materials. In this regard, it trails behind sector leaders such as Barito Pacific Tbk (584.88) in the Basic Materials sector.

Medium
At a PE of 3.40, CTBN.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 7.87). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 3.20 trillion, CTBN.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.28 trillion, CTBN.JK ranks 6 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of CTBN

Growth Forecasts

Analyst Ratings

Based on ratings from 1 analysts for CTBN over the past 3 months.

Strong Buy

Strong Buy

100.0%

Buy

0.0%

Hold

0.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 16.97% against the IDX average of +13.8%.

Basic Materials sector overview
No data is available for CTBN at the moment.
Future growth prospect of CTBN
WeightNotesScore
High
CTBN's projected growth rate of 16.97% is above the ID market average of 13.82%.

High
The Basic Materials sub-sector is projected to grow revenue by 18.57% in 2025. This number is higher than the previous year 2024's growth rate of 14.72%. This bodes well for CTBN's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -161.49% in 2025. This number is lower than the previous year 2024's EPS growth of -94.01%. false

Medium
CTBN and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -161.49% in 2025 while revenue growth is projected to increase by 18.57%. These macroeconomic trends will likely be a headwind for CTBN's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of CTBN

Oscillators

Buy

Sell

0

Neutral

9

Buy

2

Summary

Sell

Sell

13

Neutral

10

Buy

3

Moving Averages

Strong Sell

Sell

13

Neutral

1

Buy

1

Summary

Technical Ratings of CTBN
IndicatorSummarySellNeutralBuy
SummarySell13103
OscillatorsBuy092
Moving AveragesStrong Sell1311

Last Update: 2024-07-19

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Management

Executive Management

President Director

Fajar Wahyudi15.2 years
Saiful Mizra Bin KassimDirector
Xavier BertinDirector
Ludi DarmawanDirector
NamePositionShares%Stock Value
(in Billion IDR)
Ludi DarmawanDirector13,900< 0.010.02B
Saiful Mizra Bin KassimDirector500< 0.010.00B

Ownership

CTBN Ownership

NameNumber of SharesOwnership (%)Value
Kestrel Wave Investment Ltd386,029,42048.23457.44B
Vallourec Tubes268,000,00033.48317.58B
Public90,510,80011.31107.26B
Nippon Steel Corporation55,816,8806.9766.14B

CTBN Filings

No noteworthy filings to report on

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