Indospring Tbk

inds

Overview

INDS Overview

PT Indospring Tbk is an Indonesia-based manufacturing company that produces springs for vehicles, both in the form of leaf springs and coil springs, which are produced by cold and hot processes. The Company products include leaf spring, coil spring, and stabilizer bar. Its Leaf Spring consists of Main Helper Leaf Spring (Parabolic); Tandem Leaf Spring (Parabolic); Main Helper Leaf Spring (Mutli Leaf), Tandem Multi Leaf Spring; Progressive Leaf Spring; Yoko-Oki Leaf Spring; Trailing Leaf Spring, Parabolic Leaf Spring, and Engine Value Spring. Its Coil Spring includes Torsin Spring, Spiral Spring, Wire Ring, Hot Coil Spring for Railway, Drive Spring, and Compression Spring, among others. The Company's subsidiaries include PT. Indobaja Primamurni, PT. Sinar Indra Nusa Jaya, PT. Indonesia Prima Spring, and PT. MK Prima Indonesia.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: INDS

Main
Market Cap.
IDR 1.44Trillion

~$91.88M USD

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

Valuation

INDS Valuation Metrics

2,200

IDR

Closing Price on 2024-04-05

Price to Equity

5.30

P/E

At 5.30x P/E TTM, INDS.JK is trading at a discount to its peers in the Automobiles & Components sector.

Price to Book

0.49

P/B

At 0.49x P/B TTM, INDS.JK is trading at a discount to its peers in the Automobiles & Components sector.

Price to Sales

0.37

P/S

At 0.37x P/S TTM, INDS.JK is trading at a discount to its peers in the Automobiles & Components sector.

Valuing Indospring 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 Indospring Tbk relative to other stocks in the Automobiles & Components sector

Price/Cash Flow
2.20x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.43x
Enterprise Value/EBITDA
4.06x
PEG Ratio
0.57x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2,2002024-04-05
IDR 2,900.43

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of INDS is IDR2,900, which is 33% higher than INDS's last closing price of IDR2,200 (as of 2024-04-05).

Valuation Recap of INDS 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 5.30x is below the ID market average of 8.22x and is trading at a discount to peers in the Automobiles & Components sector (6.92x). In fact, less than 25% of its peers trade at a lower P/E ratio than INDS.●●
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 0.49x is similar to the peers average of 0.83x in the Automobiles & Components sector. In fact, less than 25% of its peers trade at a lower P/B ratio than INDS.●●
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 0.37x is below the peers average of 0.92x in the Automobiles & Components sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of INDS'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. INDS's P/CF ratio of 2.20x 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. INDS's EV/R ratio of 0.43x is considered extremely underpriced by the market The average EV/R ratio for the Automobiles & Components sector is 0.93x. ●●●
Max 3
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of INDS is IDR 2,900.43, which is 33% higher than INDS's last closing price of IDR 2,200.00.●●●
Max 3

Peers

INDS 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
AUTOAstra Otoparts Tbk10.65T19.79T 19.17T 1.81T 5.900.83
Competitiveness Recap of INDS stock
WeightNotesScore
High
At a market cap of IDR 1,443.75 billion, INDS.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of 5.30, INDS.JK ranks 8 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -10.76 (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 5.30, INDS.JK is trading at a lower PE than that of its subsector peers in Automobiles & Components (median of 6.92). 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 3.92 trillion, INDS.JK ranks 6 in Revenue out of 10 companies in the Consumer Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.27 trillion, INDS.JK ranks 6 in Profit out of 10 companies in the Consumer Cyclicals sector.
Max 2

Future

Future Growth of INDS

Growth Forecasts

No data available

Sector Benchmark

Automobiles & Components companies in Indonesia are growing at a projected rate of 1.21% against the IDX average of +12.0%.

Automobiles & Components sector overview
No data is available for INDS at the moment.
Future growth prospect of INDS
WeightNotesScore
High
INDS's projected growth rate of 1.21% is below the ID market average of 11.98%.●●●
Max 3
High
The Automobiles & Components sub-sector is projected to grow revenue by 13.89% in 2024. This number is higher than the previous year 2023's growth rate of 0.77%. This bodes well for INDS's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Automobiles & Components sub-sector is projected to increase earnings by 43.74% in 2024. This number is higher than the previous year 2023's EPS growth of 32.27%. This bodes well for INDS's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
INDS 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 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 INDS's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Wiranto Nurhadi15.2 years

Vice President Director

Lioe Cu Ling15.4 years
Bob Budiono
Director
Teddy Limyanto
Director
Andriyas
Director
NamePositionShares%
Bob BudionoDirector2< 0.01
Lioe Cu LingVice President Director16,450< 0.01
Wiranto NurhadiPresident Director2,683,3320.41
Expressed in millions IDR, unless otherwise stated

Ownership

INDS Ownership

Others
11.18%
Insiders
88.82%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Indoprima Gemilang578,210,20788.111,272.06B
Public (Scripless)69,846,05010.64153.66B
Public (Scrip)5,493,6690.8412.09B
Wiranto Nurhadi2,683,3320.415.90B
No data is available for INDS at the moment.