PT Steel Pipe Industry of Indonesia Tbk

issp

-0.71%

Overview

ISSP Overview

PT Steel Pipe Industry of Indonesia Tbk is an Indonesia-based steel pipe manufacturer. The Company's product portfolio comprises of custom-made products (produced upon customers' requests), carbon standard products and stainless-steel pipes. The Company's segments include Steel Pipe Mill, Spiral Steel Pipe Mill, Plat/Strips and Plate, and Services and Others. Its products are used by various industries, such as construction, infrastructure, utility, oil and gas, furniture, and automotive. It also offers other services, such as galvanizing, shearing, slitting, 3LPE coating, internal and external epoxy coating, cement lining, and quality control testing at the Company’s laboratory facility. Its products include black pipes, API pipes water pipes, mechanical pipes, furniture pipes, steel poles, spiral pipes (API and non-API pipes), industrial and ornament stainless steel pipes. The Company exports to various countries, such as Canada, Malaysia, Vietnam, Timor Leste, America and Australia.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ISSP

Main
Market Cap.
IDR 1.96Trillion

~$120.60M USD

Industry
Metals & Minerals
Sub-Industry
Iron & Steel
Sector
Basic Materials
Sub-Sector

Valuation

ISSP Valuation Metrics

278

IDR
-0.7%

Closing Price on 2024-06-14

Price to Equity

3.93

P/E

At 3.93x P/E TTM, ISSP.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

0.42

P/B

At 0.42x P/B TTM, ISSP.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.32

P/S

At 0.32x P/S TTM, ISSP.JK is trading at a discount to its peers in the Basic Materials sector.

Valuing PT Steel Pipe Industry of Indonesia 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 Steel Pipe Industry of Indonesia Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
2.85x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.66x
Enterprise Value/EBITDA
5.24x
PEG Ratio
2.28x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2782024-06-14
IDR 534.01

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ISSP is IDR534, which is 93% higher than ISSP's last closing price of IDR278 (as of 2024-06-14).

Valuation Recap of ISSP 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 3.93x is below the ID market average of 8.07x and is trading at a discount to peers in the Basic Materials sector (7.75x).

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 0.42x is similar to the peers average of 0.74x in the Basic Materials sector. In fact, less than 25% of its peers trade at a lower P/B ratio than ISSP.

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 0.32x is similar to the peers average of 0.75x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ISSP'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. ISSP's P/CF ratio of 2.85x 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. ISSP's EV/R ratio of 0.66x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.08x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ISSP is IDR 534.01, which is 93% higher than ISSP's last closing price of IDR 278.00.

Peers

ISSP 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.883.01T156.74T 23.23T 4.99T 177.0911.89
TPIAPT Chandra Asri Petrochemical Tbk741.84T85.40T 32.94T -1.18T -630.9817.23
BRPTBarito Pacific Tbk88.88T159.72T 42.22T 0.17T 513.663.28
NCKLPT Trimegah Bangun Persada Tbk.61.84T48.39T 19.65T 3.88T 15.962.49
MBMAPT Merdeka Battery Materials Tbk61.02T52.49T 16.68T 0.14T 446.422.50
MDKAPT Merdeka Copper Gold Tbk.55.63T78.26T 31.60T -0.59T -94.503.64
INKPIndah Kiat Pulp & Paper Tbk48.25T156.84T 53.89T 6.37T 7.570.52
INCOVale Indonesia Tbk40.24T45.32T 19.09T 4.25T 9.471.01
AVIAPT Avia Avian Tbk34.07T11.47T 7.14T 1.67T 20.383.35
ANTMAneka Tambang Tbk.29.08T41.21T 38.08T 1.65T 17.590.94
Competitiveness Recap of ISSP stock
WeightNotesScore
High
At a market cap of IDR 1,964.16 billion, ISSP.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 3.93, ISSP.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 46.90 (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 (513.66) in the Basic Materials sector.

Medium
At a PE of 3.93, ISSP.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 7.75). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 6.09 trillion, ISSP.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.50 trillion, ISSP.JK ranks 6 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of ISSP

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 12.03% against the IDX average of +13.1%.

Basic Materials sector overview
No data is available for ISSP at the moment.
Future growth prospect of ISSP
WeightNotesScore
High
ISSP's projected growth rate of 12.03% is below the ID market average of 13.14%.

High
The Basic Materials sub-sector is projected to grow revenue by 17.19% in 2025. This number is higher than the previous year 2024's growth rate of 13.07%. This bodes well for ISSP's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -236.80% in 2025. This number is lower than the previous year 2024's EPS growth of -86.38%. false

Medium
ISSP 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 2025. Specifically, earnings are projected to decrease by -236.80% in 2025 while revenue growth is projected to increase by 17.19%. These macroeconomic trends will likely be a headwind for ISSP's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Ibnu Susanto15.2 years

Vice President Director

Tedja Sukmana Hudianto15.4 years
Tikman Utomo
Director
Soediarto Soerjoprahono
Director
The, Hanny Purnomo
Director
NamePositionShares%
No data is available for ISSP at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

ISSP Ownership

NameNumber of SharesOwnership (%)Value
Pt Cakra Bhakti Para Putra4,020,063,93055.941,117.58B
Public (Scripless)2,418,840,05533.66672.44B
Dbs Bank Ltd S/A Pemberton Asian Opportunities Fund500,000,0006.96139.00B
Public (Scrip)126,436,7501.7635.15B
Treasury Stock120,651,3001.6833.54B

Largest Institutional Buy

No data is available for ISSP at the moment.

Largest Institutional Sell

Acadian Asset Management LLC
Sold 31-12-2023
-1,644,900 shares
Dimensional Fund Advisors LP
Sold 31-12-2023
-1,537,768 shares
Pharus Management Lux S.A.
Sold 31-12-2023
-1,512,300 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ISSP stock

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