PT Era Mandiri Cemerlang Tbk

ikan

Overview

IKAN Overview

PT Era Mandiri Cemerlang Tbk is an Indonesia-based company that is engaged in the processing and trading of fishery products. The Company operates and manages businesses in one segment that provides whole fish products and fish products that are tailored to the demands of customers. The Company's main fish products include tuna, such as fresh tuna loin, frozen tuna loin, frozen tuna steak, frozen tuna saku and frozen tuna cube; oil fish, such as frozen oil fish fillet skin off, frozen oil fish skin on and frozen oil fish steak, and swordfish, such as frozen swordfish HGT, frozen swordfish loin and frozen swordfish steak. Its other fish products include yellowfin tuna, bigeye tuna, oil fish, swordfish, black pomfret, spanish mackerel, shark, red snapper, bullet tuna, skipjack tuna and wahoo. After processing, all its fish products are exported to United Stated, Mexico, Ecuador, Germany, Holland, Poland, Portugal, Hong Kong, China, India, Philippines, and several Middle East countries.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: IKAN

Development
Market Cap.
IDR 41.67Billion

~$2.63M USD

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

Valuation

IKAN Valuation Metrics

50

IDR
0.0%

Closing Price on 2024-04-05

Price to Equity

30.00

P/E

At 30.00x P/E TTM, IKAN.JK is trading at a premium to its peers in the Food & Beverage sector (avg 12.2x).

Price to Book

0.57

P/B

At 0.57x P/B TTM, IKAN.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

0.31

P/S

At 0.31x P/S TTM, IKAN.JK is trading at a discount to its peers in the Food & Beverage sector.

Valuing PT Era Mandiri Cemerlang 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 PT Era Mandiri Cemerlang Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
-15.76x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.62x
Enterprise Value/EBITDA
9.97x
PEG Ratio
-0.20x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR502024-04-05
IDR 18.14

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of IKAN is IDR18, which is 63% lower than IKAN's last closing price of IDR50 (as of 2024-04-05).

Valuation Recap of IKAN 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 30.00x is above the ID market average of 8.22x and is trading at a premium to peers in the Food & Beverage sector (12.16x). In fact, less than 25% of its peers trade at a higher P/E ratio than IKAN.
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 0.57x is below the peers average of 1.24x in the Food & Beverage sector. In fact, less than 25% of its peers trade at a lower P/B ratio than IKAN.●●
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 0.31x is below the peers average of 0.90x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of IKAN'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. IKAN's P/CF ratio of -15.76x 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. IKAN's EV/R ratio of 0.62x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.41x. ●●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of IKAN is IDR 18.14, which is 63% lower than IKAN's last closing price of IDR 50.00.
Max 3

Peers

IKAN 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 Tbk126.53T118.89T 67.20T 8.34T 15.173.09
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T33.01T 104.81T 3.29T 36.309.87
UNVRUnilever Indonesia Tbk102.24T18.92T 40.19T 4.94T 20.6919.00
HMSPHM Sampoerna Tbk99.45T55.76T 142.08T 9.79T 10.163.55
PANIPT Pantai Indah Kapuk Dua Tbk.86.73T16.92T 2.13T 0.38T 225.7838.08
CPINCharoen Pokphand Indonesia Tbk86.50T41.94T 60.56T 2.42T 35.772.98
INDFIndofood Sukses Makmur Tbk57.07T188.81T 113.90T 8.80T 6.490.98
MYORMayora Indah Tbk54.11T23.42T 31.33T 2.88T 18.763.90
CMRYPT Cisarua Mountain Dairy Tbk40.07T6.59T 7.36T 1.15T 34.897.07
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.24T7.71T 8.10T 1.07T 18.063.02
Competitiveness Recap of IKAN stock
WeightNotesScore
High
At a market cap of IDR 41.67 billion, IKAN.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 30.00, IKAN.JK ranks 5 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 43.40 (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. (225.78) in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a PE of 30.00, IKAN.JK is trading at a higher PE than that of its subsector peers in Food & Beverage (median of 12.16). false●●
Max 2
Medium
At a revenue of IDR 0.13 trillion, IKAN.JK ranks 10 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.00 trillion, IKAN.JK ranks 10 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of IKAN

Growth Forecasts

No data available

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 12.66% against the IDX average of +12.0%.

Food & Beverage sector overview
No data is available for IKAN at the moment.
Future growth prospect of IKAN
WeightNotesScore
High
IKAN's projected growth rate of 12.66% is above the ID market average of 11.98%.●●●
Max 3
High
The Food & Beverage sub-sector is projected to grow revenue by 13.20% in 2024. This number is higher than the previous year 2023's growth rate of 4.97%. This bodes well for IKAN's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Food & Beverage sub-sector is projected to increase earnings by 58.68% in 2024. This number is higher than the previous year 2023's EPS growth of 40.16%. This bodes well for IKAN's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
IKAN 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 53.54% in 2024 while revenue growth is projected to increase by 13.24%. These macroeconomic trends will likely be a tailwind for IKAN's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Johan Rose15.2 years
Treddy Susanto
Director
NamePositionShares%
Johan RosePresident Director220,000,00026.4
Expressed in millions IDR, unless otherwise stated

Ownership

IKAN Ownership

Others
40%
Insiders
60%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Public (Scripless)333,973,00040.0816.70B
Pt Berkah Delapan Samudera279,360,00033.5213.97B
Johan Rose220,000,00026.411.00B
No data is available for IKAN at the moment.