PT Dharma Polimetal Tbk

Overview

DRMA Overview

PT Dharma Polimetal Tbk is specialized in manufacturing of metal-based automotive components supplying for motorcycle and automobile manufacturers. The Company is engaged in the manufacturing of two and three-wheeled motorcycle components and equipment industry, manufacture of spare parts and accessories of four-wheeled or more motor vehicles, nails, nuts, and bolts industry, two and three-wheeled motorcycle industry, services for varieties of special works for metals and metal goods industry, and the four-wheeled or more motor vehicles’ body industry, and trailer and semi-trailer industry, bicycle and wheelchair industry, including pedicab. Its motorcycle products include frame body, muffler, wheel rim, steering handle, grab rail, main stand, step bar component, swing arm, arm cushion and fastener. Its automobile products include reinforcement sub assy instrument panel/beam comp steering hanger, hood lock, cross member frame, general parts, and fastener and suspension member.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: DRMA

Main
Market Cap.
IDR 4.78Trillion

~$293.29M USD

Industry
Auto Components
Sub-Industry
Auto Parts & Equipment
Sector
Consumer Cyclicals

Valuation

DRMA Valuation Metrics

1,015

IDR
+0.5%

Closing Price on 2024-07-19

Price to Equity

9.03

P/E

At 9.03x P/E TTM, DRMA.JK is trading in line with its peers in the Automobiles & Components sector.

Price to Book

2.35

P/B

At 2.35x P/B TTM, DRMA.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 0.8x).

Price to Sales

0.88

P/S

At 0.88x P/S TTM, DRMA.JK is trading in line with its peers in the Automobiles & Components sector.

Valuing PT Dharma Polimetal 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 PT Dharma Polimetal Tbk relative to other stocks in the Automobiles & Components sector

Price/Cash Flow6.39x
Price/Forward Earnings-
Enterprise Value/Revenue0.89x
Enterprise Value/EBITDA6.63x
PEG Ratio-0.24x

Intrinsic Value

Last closing: IDR1,0152024-07-19
IDR 1,345.28

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of DRMA is IDR1,345, which is 34% higher than DRMA's last closing price of IDR1,015 (as of 2024-07-19).

Valuation Recap of DRMA 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 9.03x is above the ID market average of 8.44x but is trading in a P/E range similar to its peers in the Automobiles & Components sector (9.03x).

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 2.35x is above the peers average of 0.77x 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 0.88x is similar to the peers average of 0.89x in the Automobiles & Components sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of DRMA'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. DRMA's P/CF ratio of 6.39x 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. DRMA's EV/R ratio of 0.89x is considered extremely underpriced by the market. The average EV/R ratio for the Automobiles & Components sector is 0.89x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of DRMA is IDR 1,345.28, which is 34% higher than DRMA's last closing price of IDR 1,015.00.

Peers

DRMA 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 Tbk54.87T8.00T 7.71T 1.09T 50.478.76
FILMPT MD Pictures Tbk.39.76T1.73T 0.36T 0.10T 404.2624.33
MSINPT MNC Digital Entertainment Tbk33.86T6.79T 2.89T 0.27T 124.265.78
MAPIMitra Adiperkasa Tbk22.91T28.22T 34.70T 1.90T 12.042.20
MAPAPT MAP Aktif Adiperkasa Tbk.20.81T11.50T 14.53T 1.40T 14.913.47
CNMAPT Nusantara Sejahtera Raya Tbk18.50T7.54T 3.61T 0.42T 44.373.79
ACESPT Aspirasi Hidup Indonesia Tbk13.70T8.01T 7.90T 0.81T 16.912.16
SMSMSelamat Sempurna Tbk11.37T4.85T 4.98T 0.94T 12.133.31
TRIOTrikomsel Oke Tbk11.08T0.11T 0.82T -0.14T -81.11-2.95
AUTOAstra Otoparts Tbk10.65T20.26T 18.27T 1.88T 5.650.77
Competitiveness Recap of DRMA stock
WeightNotesScore
High
At a market cap of IDR 4,776.47 billion, DRMA.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.

High
At a PE of 9.03, DRMA.JK ranks 9 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is 60.73 (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. (404.26) in the Consumer Cyclicals sector.

Medium
At a PE of 9.03, DRMA.JK is trading at a higher PE than that of its subsector peers in Automobiles & Components (median of 9.03). false

Medium
At a revenue of IDR 5.43 trillion, DRMA.JK ranks 5 in Revenue out of 10 companies in the Consumer Cyclicals sector.

Medium
At a profit of IDR 0.53 trillion, DRMA.JK ranks 6 in Profit out of 10 companies in the Consumer Cyclicals sector.

Future

Future Growth of DRMA

Growth Forecasts

Analyst Ratings

Based on ratings from 5 analysts for DRMA 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: 2024-07-10

Sector Benchmark

Automobiles & Components companies in Indonesia are shrinking at a projected rate of -46.82% against the IDX average of +13.8%.

Automobiles & Components sector overview
No data is available for DRMA at the moment.
Future growth prospect of DRMA
WeightNotesScore
High
DRMA's projected growth rate of -46.82% is below the ID market average of 13.82%.

High
The Automobiles & Components sub-sector is projected to shrink revenue by -23.08% in 2025. This number is lower than the previous year 2024's growth rate of -1.03%. false

Medium
The Automobiles & Components sub-sector is projected to decrease earnings by 0.00% in 2025. This number is lower than the previous year 2024's EPS growth of 0.00%. false

Medium
DRMA 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 fruitful year heading into 2025. Specifically, earnings are projected to increase by 52.41% in 2025 while revenue growth is projected to increase by 19.46%. These macroeconomic trends will likely be a tailwind for DRMA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of DRMA

Oscillators

Buy

Sell

0

Neutral

9

Buy

2

Summary

Buy

Sell

2

Neutral

10

Buy

14

Moving Averages

Strong Buy

Sell

2

Neutral

1

Buy

12

Summary

Technical Ratings of DRMA
IndicatorSummarySellNeutralBuy
SummaryBuy21014
OscillatorsBuy092
Moving AveragesStrong Buy2112

Last Update: 2024-07-19

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Management

Executive Management

President Director

Irianto Santoso15.2 years
Yosaphat Panuturi SimanjuntakDirector
Darmawan WidjajaDirector
Immanuel Adi PakaryantoDirector
NamePositionShares%Stock Value
(in Billion IDR)
Hadi KasimPresident Commissioner188,662,8004.01191.49B
Irianto SantosoPresident Director240,000,0005.1243.60B
Iwan Dewono BudiyuwonoCommissioner218,000,0004.63221.27B
Noel Aelyo Laras Kusuma NegaraCommissioner61,842,1001.3162.77B

Ownership

DRMA Ownership

NameNumber of SharesOwnership (%)Value
Pt Dharma Inti Anugerah2,240,000,00047.62,273.60B
Public (Scripless)970,077,40020.62984.63B
Pt Triputra Investindo Arya666,500,00014.16676.50B
Irianto Santoso240,000,0005.1243.60B
Iwan Dewono Budiyuwono218,000,0004.63221.27B
Hadi Kasim188,662,8004.01191.49B
Noel Aelyo Laras Kusuma Negara61,842,1001.3162.77B
Yosaphat P. Simanjuntak60,800,0001.2961.71B
Public (Scrip)60,000,0001.2860.90B

Largest Institutional Buy

Allianz Global Investors Asia Pacific Limited
Bought 31-01-2024
+2,233,118 shares
Principal Asset Management Berhad
Bought 31-01-2024
+524,100 shares
Russell Investments Ireland Limited
Bought 31-01-2024
+147,999 shares

Largest Institutional Sell

Maybank Asset Management Singapore Pte. Ltd
Sold 31-01-2024
-428,700 shares

Institutional Transactions

Tracking institutional transactions buying / selling of DRMA stock

DRMA Filings

Informasi insider trading Noel Aelyo Laras Kusuma Negara dalam PT Dharma Polimetal Tbk

0036/DP/EXT/./CKR/CORSEC/VII/2024 - 08-07-2024 17:28 - Kategori Komisaris - Noel Aelyo Laras Kusuma Negara dengan status kontrol Bukan Pengendali dalam saham PT Dharma Polimetal Tbk berubah dari 63.482.100 menjadi 63.682.100 dengan tujuan investasi(penambahan aset)

July 8, 2024

- - %
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