PT Sinergi Inti Plastindo Tbk.

esip

Overview

ESIP Overview

PT Sinergi Inti Plastindo Tbk is an Indonesia-based company engaged in the industry of plastics for packaging. The Company’s products include t-shirt bags, soft loop handle bags, poly draw bags and patch handle bags, among others. The Company produces product types, such as Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), and Security Sealed Bag. LDPE plastic is generally used for storage of sugar, foodstuffs, cooking oil, kitchen spices and other necessities. PE is generally sold in the form of bags, rolls and sheets. HDPE is a thermoplastic polyethylene, which is made from petroleum. HDPE is a raw material for types of HDPE plastic where generally the production results are in the form of plastic bags, plastic rolls, plastic sheets with a variety of color flags. Its PVC Cling film is suitable for all kinds of food packaging, such as vegetables, fruit, meat, seafood, and others.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ESIP

Watchlist
Market Cap.
IDR 26.57Billion

~$1.68M USD

Industry
Containers & Packaging
Sub-Industry
Containers & Packaging
Sector
Basic Materials
Sub-Sector

Valuation

ESIP Valuation Metrics

22

IDR

Closing Price on 2024-04-05

Price to Equity

-77.02

P/E

At -77.02x P/E TTM, ESIP.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

0.28

P/B

At 0.28x P/B TTM, ESIP.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.44

P/S

At 0.44x P/S TTM, ESIP.JK is trading at a discount to its peers in the Basic Materials sector.

Valuing PT Sinergi Inti Plastindo 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 PT Sinergi Inti Plastindo Tbk. relative to other stocks in the Basic Materials sector

Price/Cash Flow
3.02x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.42x
Enterprise Value/EBITDA
11.15x
PEG Ratio
-0.13x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR222024-04-05
IDR 3.78

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of ESIP is IDR4, which is 82% lower than ESIP's last closing price of IDR22 (as of 2024-04-05).

Valuation Recap of ESIP 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 -77.02x is below the ID market average of 8.22x and is trading at a discount to peers in the Basic Materials sector (8.22x). In fact, less than 25% of its peers trade at a lower P/E ratio than ESIP.●●●
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 0.28x is below the peers average of 0.89x in the Basic Materials sector. In fact, less than 25% of its peers trade at a lower P/B ratio than ESIP.●●
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 0.44x is similar to the peers average of 0.76x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ESIP'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. ESIP's P/CF ratio of 3.02x 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. ESIP's EV/R ratio of 0.42x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.07x. ●●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of ESIP is IDR 3.78, which is 82% lower than ESIP's last closing price of IDR 22.00.
Max 3

Peers

ESIP 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
AMMNPT Amman Mineral Internasional Tbk.649.04T127.21T 0.00T 0.00T 9.75
TPIAPT Chandra Asri Petrochemical Tbk614.23T77.45T 32.03T -0.92T -667.5114.37
BRPTBarito Pacific Tbk94.03T146.77T 41.15T 0.38T 244.683.78
MDKAPT Merdeka Copper Gold Tbk.63.00T72.67T 21.67T -0.52T -122.324.38
MBMAPT Merdeka Battery Materials Tbk62.64T0.00T 0.00T 0.00T
NCKLPT Trimegah Bangun Persada Tbk.56.79T45.09T 8.99T 2.04T 27.892.56
INKPIndah Kiat Pulp & Paper Tbk52.38T155.79T 56.29T 8.11T 6.460.57
ANTMAneka Tambang Tbk.41.01T35.50T 43.15T 4.04T 10.141.67
INCOVale Indonesia Tbk40.74T44.35T 18.96T 3.84T 10.601.05
FASWFajar Surya Wisesa Tbk13.63T12.50T 7.81T -0.67T -20.403.01
Competitiveness Recap of ESIP stock
WeightNotesScore
High
At a market cap of IDR 26.57 billion, ESIP.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.
Max 2
High
At a PE of -77.02, ESIP.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -56.71 (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 (244.68) in the Basic Materials sector.
Max 2
Medium
At a PE of -77.02, ESIP.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 8.22). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 0.06 trillion, ESIP.JK ranks 8 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of -IDR 0.00 trillion, ESIP.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of ESIP

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 1.84% against the IDX average of +12.0%.

Basic Materials sector overview
No data is available for ESIP at the moment.
Future growth prospect of ESIP
WeightNotesScore
High
ESIP's projected growth rate of 1.84% is below the ID market average of 11.98%.●●●
Max 3
High
The Basic Materials sub-sector is projected to grow revenue by 19.16% in 2024. This number is higher than the previous year 2023's growth rate of 1.18%. This bodes well for ESIP's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Basic Materials sub-sector is projected to decrease earnings by -97.81% in 2024. This number is higher than the previous year 2023's EPS growth of -104.18%. false
Max 3
Medium
ESIP 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 2024. Specifically, earnings are projected to decrease by -97.81% in 2024 while revenue growth is projected to increase by 19.16%. These macroeconomic trends will likely be a tailwind for ESIP's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Eric Budisetio Kurniawan15.2 years
Mangasi Taraja
Director
NamePositionShares%
Eric Budisetio KurniawanPresident Director352,581,86231.77
Expressed in millions IDR, unless otherwise stated

Ownership

ESIP Ownership

Others
36.24%
Insiders
63.76%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Public (Scripless)402,971,98536.38.87B
Pt Tanindo Omega Pasifik354,400,00031.937.80B
Eric Budisetio Kurniawan352,581,86231.777.76B
No data is available for ESIP at the moment.