Eratex Djaja Tbk

ertx

Overview

ERTX Overview

PT Eratex Djaja Tbk is an Indonesia-based company, which is engaged in the industrial business in yarn spinning, weaving (except gunny sack, other sack), yarn finishing, fabrics finishing, printing, knitting, embroidery cloth, embroidery finish textile, garment (convection) from textile, clothing related product from textile, embroidered garment industry, also wholesale business on textile and garment. The Company's main product is pants. The Company offers jeans, casual dress pants, denims, and Italian twills. Approximately 65% of the Company’s pants capacity is producing denim products and 35% is chino. The Company's requirements for embroidery and printing are conveniently supported by nearby contractors.

246810ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ERTX

Development
Market Cap.
IDR 332.03Billion

~$21.13M USD

Industry
Apparel & Luxury Goods
Sub-Industry
Clothing, Accessories & Bags
Sector
Consumer Cyclicals

Valuation

ERTX Valuation Metrics

256

IDR

Closing Price on 2024-04-05

Price to Equity

5.62

P/E

At 5.62x P/E TTM, ERTX.JK is trading at a discount to its peers in the Apparel & Luxury Goods sector.

Price to Book

0.87

P/B

At 0.87x P/B TTM, ERTX.JK is trading at a premium to its peers in the Apparel & Luxury Goods sector (avg 0.4x).

Price to Sales

0.18

P/S

At 0.18x P/S TTM, ERTX.JK is trading at a discount to its peers in the Apparel & Luxury Goods sector.

Valuing Eratex Djaja Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Apparel & Luxury Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Eratex Djaja Tbk relative to other stocks in the Apparel & Luxury Goods sector

Price/Cash Flow
6.20x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.51x
Enterprise Value/EBITDA
6.59x
PEG Ratio
-0.09x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2562024-04-05
IDR 330.29

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ERTX is IDR330, which is 30% higher than ERTX's last closing price of IDR256 (as of 2024-04-05).

Valuation Recap of ERTX 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 5.62x is below the ID market average of 8.22x and is trading at a premium to peers in the Apparel & Luxury Goods sector (-0.92x). In fact, less than 25% of its peers trade at a higher P/E ratio than ERTX.
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 0.87x is above the peers average of 0.40x in the Apparel & Luxury Goods 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 0.18x is similar to the peers average of 0.27x in the Apparel & Luxury Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ERTX'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. ERTX's P/CF ratio of 6.20x is considered healthy 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. ERTX's EV/R ratio of 0.51x is considered extremely underpriced by the market The average EV/R ratio for the Apparel & Luxury Goods sector is 1.17x. ●●●
Max 3
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ERTX is IDR 330.29, which is 30% higher than ERTX's last closing price of IDR 256.00.●●●
Max 3

Peers

ERTX 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 Tbk54.91T7.51T 7.08T 0.87T 62.989.41
FILMPT MD Pictures Tbk.45.84T1.71T 0.35T 0.09T 495.5928.31
MSINPT MNC Digital Entertainment Tbk35.19T6.80T 2.97T 0.21T 171.186.14
MAPIMitra Adiperkasa Tbk31.26T24.58T 32.43T 2.10T 14.873.27
MAPAPT MAP Aktif Adiperkasa Tbk.28.93T9.24T 12.56T 1.41T 20.545.44
CNMAPT Nusantara Sejahtera Raya Tbk19.84T7.08T 0.88T -0.02T -811.294.46
ACESAce Hardware Indonesia Tbk16.26T7.43T 7.36T 0.80T 20.372.78
SMSMSelamat Sempurna Tbk11.20T4.52T 5.01T 0.90T 12.393.57
TRIOTrikomsel Oke Tbk11.08T0.09T 0.68T -0.11T -99.53-3.05
TFCOTifico Fiber Indonesia Tbk3.11T5.17T 3.00T -0.01T -211.470.65
Competitiveness Recap of ERTX stock
WeightNotesScore
High
At a market cap of IDR 332.03 billion, ERTX.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of 5.62, ERTX.JK ranks 8 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -10.73 (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. (495.59) in the Consumer Cyclicals sector.
Max 2
Medium
At a PE of 5.62, ERTX.JK is trading at a higher PE than that of its subsector peers in Apparel & Luxury Goods (median of -0.92). false●●
Max 2
Medium
At a revenue of IDR 1.84 trillion, ERTX.JK ranks 7 in Revenue out of 10 companies in the Consumer Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.06 trillion, ERTX.JK ranks 8 in Profit out of 10 companies in the Consumer Cyclicals sector.
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Future

Future Growth of ERTX

Growth Forecasts

No data available

Sector Benchmark

Apparel & Luxury Goods companies in Indonesia are shrinking at a projected rate of -0.24% against the IDX average of +12.0%.

Apparel & Luxury Goods sector overview
No data is available for ERTX at the moment.
Future growth prospect of ERTX
WeightNotesScore
High
ERTX's projected growth rate of -0.24% is below the ID market average of 11.98%.●●●
Max 3
High
The Apparel & Luxury Goods sub-sector is projected to grow revenue by 70.20% in 2024. This number is higher than the previous year 2023's growth rate of 56.55%. This bodes well for ERTX's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Apparel & Luxury Goods sub-sector is projected to decrease earnings by 0.00% in 2024. This number is lower than the previous year 2023's EPS growth of 0.00%. false
Max 3
Medium
ERTX and its peers in the Apparel & Luxury Goods sub-sector belongs to the Consumer Cyclicals sector. Companies in the Consumer Cyclicals sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 21.68% in 2024 while revenue growth is projected to increase by 33.11%. These macroeconomic trends will likely be a tailwind for ERTX's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Marissa Jeanne Maren Baragar15.2 years
Chittaranjan Gokal
Director
Manish Virmani
Director
Mandeep Singh
Director
NamePositionShares%
No data is available for ERTX at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

ERTX Ownership

Others
7.81%
Insiders
92.19%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Ungaran Sari Garments1,208,406,29293.93309.35B
Public (Scripless)74,170,3005.7618.99B
Public (Scrip)3,963,2000.311.01B
No data is available for ERTX at the moment.