Mayora Indah Tbk

myor

Overview

MYOR Overview

PT Mayora Indah Tbk is an Indonesia-based fast moving consumer goods (FMCG) company. The Company is engaged in manufacturing of food, candies and biscuits. It manufactures products in two categories, which is package food and package beverage. The Company offers biscuit, under various brands, such as Roma Sari Gandum, Roma Sari Gandum Sandwich, Marie Susu, Roma Marie Gold, Roma Malkist Crackers, Roma Malkist Abon, and Roma Malkist Coklat. Its candy products are offered under Kopiko, Kopiko Sugar Free, Kopiko Cappuccino, and Kopiko Blister brands. It offers wafers under beng beng, beng beng Maxx, beng beng share it, Astor, Roma Zuperrr Keju, and Roma Crepes Roll Kelapa Wijen brands. The Company also offers Coffee products under Torabika Duo, Torabika Moka, Torabika Duo Susu Full Cream, Torabika Creamy Latte, Torabika Cappuccino, and Torabika Jahe Susu brands, as well as healthy foods under Energen Coklat, Energen Vanilla, Energen Kacang Hijau, and Energen Champion brands.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MYOR

Main
Market Cap.
IDR 54.11Trillion

~$3.41B USD

Industry
Processed Foods
Sub-Industry
Processed Foods
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

MYOR Valuation Metrics

2,420

IDR

Closing Price on 2024-04-05

Price to Equity

18.76

P/E

At 18.76x P/E TTM, MYOR.JK is trading at a premium to its peers in the Food & Beverage sector (avg 12.2x).

Price to Book

3.90

P/B

At 3.90x P/B TTM, MYOR.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.2x).

Price to Sales

1.73

P/S

At 1.73x P/S TTM, MYOR.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.9x).

Valuing Mayora Indah 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 Mayora Indah Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
11.50x
Price/Forward Earnings
15.18x
Enterprise Value/Revenue
1.77x
Enterprise Value/EBITDA
13.36x
PEG Ratio
0.22x

Analyst Ratings

40
60
80
0
100

85.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR2,4202024-04-05
IDR 1,295.77

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MYOR is IDR1,296, which is 45% lower than MYOR's last closing price of IDR2,420 (as of 2024-04-05).

Valuation Recap of MYOR 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 18.76x is above the ID market average of 8.22x and is trading at a premium to peers in the Food & Beverage sector (12.16x).
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 3.90x is above the peers average of 1.24x in the Food & Beverage sector. MYOR trades at a higher P/B ratio than >75% of its peers in the Food & Beverage sector.
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 1.73x is above 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 MYOR's valuation relative to its current sales and future earnings growth. MYOR trades at a Forward P/E ratio of 15.18x, which is considered richly valued by analysts.
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. MYOR's P/CF ratio of 11.50x is considered a relatively high ratio 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. MYOR's EV/R ratio of 1.77x is considered fairly 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 MYOR is IDR 1,295.77, which is 45% lower than MYOR's last closing price of IDR 2,420.00.
Max 3

Peers

MYOR 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
GGRMGudang Garam Tbk38.39T86.67T 112.51T 5.74T 6.690.64
Competitiveness Recap of MYOR stock
WeightNotesScore
High
At a market cap of IDR 54,108.05 billion, MYOR.JK ranks 8 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 18.76, MYOR.JK ranks 6 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 41.07 (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 18.76, MYOR.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 31.33 trillion, MYOR.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 2.88 trillion, MYOR.JK ranks 7 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of MYOR

Growth Forecasts

MYOR 2024 Revenue Growth
+18.4%
MYOR 2024 EPS Growth
+62.7%
Sector Revenue Growth
+12.7%
Food & Beverage
Indonesia Market Growth
+12.0%
IDX overall growth
Food & Beverage Sector Revenue Growth '24
+13.2%
Consumer Non-Cyclicals Sector Revenue Growth '24
+13.2%

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

MYOR Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of MYOR
WeightNotesScore
High
MYOR'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 MYOR'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 MYOR's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
MYOR 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 MYOR's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Andre Sukendra Atmadja15.2 years
Hendarta Atmadja
Director
Wardhana Atmadja
Director
Hendrik Polisar
Director
Muljono Nurlimo
Director
Ricky Afrianto Gunadi
Director
NamePositionShares%
Andre Sukendra AtmadjaPresident Director2,117,800< 0.01
Hendrik PolisarDirector253,000< 0.01
Jogi Hendra AtmadjaPresident Commissioner5,643,777,70025.24
Ricky Afrianto GunadiDirector178,300< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

MYOR Ownership

Others
12.4%
Insiders
84.32%
Institutions
3.28%
NameNumber of SharesOwnership (%)Value
Unita Branindo7,363,121,90032.9317,818.75B
Mayora Dhana Utama5,844,349,52526.1414,143.33B
Jogi Hendra Atmadja5,643,777,70025.2413,657.94B
Public (Scripless)3,458,176,10015.478,368.79B
Public (Scrip)46,725,4000.21113.08B
Andre Sukendra Atmadja2,117,8000.015.13B

Largest Institutional Buy

Barings Japan Limited
Bought 31-12-2023
+4,799,000 shares
Acadian Asset Management LLC
Bought 31-12-2023
+1,786,505 shares
Nomura Asset Management Co Ltd
Bought 31-12-2023
+1,325,100 shares

Largest Institutional Sell

No data is available for MYOR at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of MYOR stock