PP London Sumatra Indonesia Tbk

lsip

-1.15%

Overview

LSIP Overview

PT Perusahaan Perkebunan London Sumatra Indonesia Tbk is an Indonesia-based company, which is engaged in the plantation business located in North Sumatera, South Sumatera, Java, East Kalimantan, North Sulawesi, and South Sulawesi. The main products of the Company include crude palm oil (CPO), palm kernel oil (PKO) and rubber, and small quantities of cocoa, tea, and oil palm seeds. Its subsidiaries include PT Multi Agro Kencana Prima, Lonsum Singapore Pte., Ltd., PT Tani Musi Persada (TMP), PT Sumatra Agri Sejahtera (SAS), PT Tani Andalas Sejahtera (TAS), Agri Investments Pte., Ltd. (AIPL), and PT Wushan Hijau Lestari (WHL).

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: LSIP

Main
Market Cap.
IDR 5.87Trillion

~$366.54M USD

Industry
Agricultural Products
Sub-Industry
Plantations & Crops
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

LSIP Valuation Metrics

860

IDR
-1.1%

Closing Price on 2024-04-18

Price to Equity

7.70

P/E

At 7.70x P/E TTM, LSIP.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

0.52

P/B

At 0.52x P/B TTM, LSIP.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

1.40

P/S

At 1.40x P/S TTM, LSIP.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.8x).

Valuing PP London Sumatra Indonesia 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 PP London Sumatra Indonesia Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
4.16x
Price/Forward Earnings
6.61x
Enterprise Value/Revenue
0.33x
Enterprise Value/EBITDA
1.49x
PEG Ratio
0.22x

Analyst Ratings

40
60
80
0
100

62.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR8602024-04-18
IDR 1,704.75

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of LSIP is IDR1,705, which is 99% higher than LSIP's last closing price of IDR860 (as of 2024-04-18).

Valuation Recap of LSIP 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 7.70x is below the ID market average of 8.46x and is trading at a discount to peers in the Food & Beverage sector (12.41x).

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 0.52x is below the peers average of 1.27x in the Food & Beverage sector. In fact, less than 25% of its peers trade at a lower P/B ratio than LSIP.

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 1.40x is above the peers average of 0.81x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of LSIP's valuation relative to its current sales and future earnings growth. LSIP trades at a Forward P/E ratio of 6.61x, which is considered fairly undervalued by analysts.

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. LSIP's P/CF ratio of 4.16x 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. LSIP's EV/R ratio of 0.33x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.27x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of LSIP is IDR 1,704.75, which is 99% higher than LSIP's last closing price of IDR 860.00.

Peers

LSIP 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 Tbk117.79T119.27T 67.91T 6.99T 16.852.89
AMRTPT Sumber Alfaria Trijaya Tbk.115.85T34.25T 106.94T 3.40T 34.048.00
HMSPHM Sampoerna Tbk97.13T55.32T 115.98T 8.10T 12.003.25
UNVRUnilever Indonesia Tbk91.18T16.66T 38.61T 4.80T 18.9926.97
PANIPT Pantai Indah Kapuk Dua Tbk.83.61T33.71T 2.16T 0.27T 309.616.46
CPINCharoen Pokphand Indonesia Tbk79.69T40.97T 61.62T 2.32T 34.372.95
INDFIndofood Sukses Makmur Tbk53.78T186.59T 111.70T 8.15T 6.600.91
MYORMayora Indah Tbk52.77T23.42T 31.33T 2.88T 18.303.81
CMRYPT Cisarua Mountain Dairy Tbk39.67T7.05T 7.77T 1.24T 31.956.68
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.34T7.52T 8.30T 1.17T 16.542.93
Competitiveness Recap of LSIP stock
WeightNotesScore
High
At a market cap of IDR 5,865.17 billion, LSIP.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 7.70, LSIP.JK ranks 9 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 49.04 (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. (309.61) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 7.70, LSIP.JK is trading at a lower PE than that of its subsector peers in Food & Beverage (median of 12.41). 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 4.19 trillion, LSIP.JK ranks 9 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 0.76 trillion, LSIP.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of LSIP

Growth Forecasts

LSIP 2024 Revenue Growth
+6.4%
LSIP 2024 EPS Growth
0.0%
Sector Revenue Growth
+10.0%
Food & Beverage
Indonesia Market Growth
+7.6%
IDX overall growth
Food & Beverage Sector Revenue Growth '24
+17.4%
Consumer Non-Cyclicals Sector Revenue Growth '24
+17.4%

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 9.96% against the IDX average of +7.6%.

Food & Beverage sector overview

LSIP Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of LSIP
WeightNotesScore
High
LSIP's projected growth rate of 9.96% is above the ID market average of 7.62%.

High
The Food & Beverage sub-sector is projected to grow revenue by 17.36% in 2024. This number is higher than the previous year 2023's growth rate of 6.89%. This bodes well for LSIP's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 64.39% in 2024. This number is higher than the previous year 2023's EPS growth of 26.24%. This bodes well for LSIP's earnings growth prospects in the next 2 years.

Medium
LSIP 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 64.39% in 2024 while revenue growth is projected to increase by 17.36%. These macroeconomic trends will likely be a tailwind for LSIP's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Benny (Benny Tjoeng)15.2 years

Vice President Director

Tan Agustinus Dermawan15.4 years
Johnny Ponto
Director
Joefly Joesoef Bahroeny
Director
Alamsyah
Director
In She
Director
Peter Kradolfer
Director
Ferdi Gunawan
Director
NamePositionShares%
Ferdi GunawanDirector212,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

LSIP Ownership

Others
35.4%
Insiders
59.6%
Institutions
5%
NameNumber of SharesOwnership (%)Value
Pt Salim Ivomas Pratama Tbk4,058,425,01059.483,490.25B
Public (Scripless)2,751,403,61040.332,366.21B
Indofood Agri Resources Ltd7,570,3000.116.51B
Treasury Stock2,900,0000.042.49B
Public (Scrip)2,353,0450.032.02B
No data is available for LSIP at the moment.