PT NFC Indonesia Tbk

Overview

NFCX Overview

PT NFC Indonesia Tbk is an Indonesia-based digital customer experience company. The Company and its subsidiaries conduct business activities that offer a range of digital products and services. It operates through five segments: Digital Product Aggregator, Digital Wholesale, Digital Cloud Advertisement, Clean Energy Products and Services, and Content and Entertainment. Its Digital Product Aggregator segment distributes digital products through integration with modern retail and e-commerce via application programming interface (API). In the Digital Cloud Advertising segment, the Company offers services to manage in-store advertising infrastructures and contents by providing infrastructure-as-a-service, managed service, as well as advertising exchange hub services in various strategic locations in Indonesia. Its Clean Energy Products and Services segment focuses on transportation products and infrastructure under the electric motorcycle brand Volta.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: NFCX

Development
Market Cap.
IDR 1.46Trillion

~$89.48M USD

Industry
Online Applications & Services
Sub-Industry
Online Applications & Services
Sector
Technology

Valuation

NFCX Valuation Metrics

2,200

IDR
-1.8%

Closing Price on 2024-07-19

Price to Equity

-4.57

P/E

At -4.57x P/E TTM, NFCX.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

4.76

P/B

At 4.76x P/B TTM, NFCX.JK is trading at a premium to its peers in the Software & IT Services sector (avg 1.4x).

Price to Sales

0.17

P/S

At 0.17x P/S TTM, NFCX.JK is trading at a discount to its peers in the Software & IT Services sector.

Valuing PT NFC Indonesia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Software & IT Services sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT NFC Indonesia Tbk relative to other stocks in the Software & IT Services sector

Price/Cash Flow11.43x
Price/Forward Earnings-
Enterprise Value/Revenue0.16x
Enterprise Value/EBITDA-2.57x
PEG Ratio0.00x

Intrinsic Value

Last closing: IDR2,2002024-07-19
IDR 295.11

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of NFCX is IDR295, which is 86% lower than NFCX's last closing price of IDR2,200 (as of 2024-07-19).

Valuation Recap of NFCX 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. Unfortunately, the P/E ratio for NFCX is negative, commonly seen in companies that are still in the growth phase and have not yet turned a profit. Sometimes, negative P/E ratios can occur due to one-time write-offs or accounting adjustments that affect earnings temporarily. However, sustained negative earnings usually reflect ongoing operational losses.

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 4.76x is above the peers average of 1.43x in the Software & IT Services sector. NFCX trades at a higher P/B ratio than >75% of its peers in the Software & IT Services sector.

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 0.17x is below the peers average of 0.77x in the Software & IT Services sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of NFCX'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. NFCX's P/CF ratio of 11.43x is considered a relatively high ratio 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. NFCX's EV/R ratio of 0.16x is considered extremely underpriced by the market. The average EV/R ratio for the Software & IT Services sector is 0.87x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of NFCX is IDR 295.11, which is 86% lower than NFCX's last closing price of IDR 2,200.00.

Peers

NFCX 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
DCIIPT DCI Indonesia Tbk94.16T3.76T 1.31T 0.51T 183.5341.99
BELIPT Global Digital Niaga Tbk55.69T14.89T 14.81T -3.45T -16.126.98
GOTOPT GoTo Gojek Tokopedia Tbk53.53T47.74T 15.53T -87.40T -0.611.43
EMTKElang Mahkota Teknologi Tbk25.77T42.98T 7.85T 0.45T 57.320.74
BUKAPT Bukalapak.com Tbk12.99T25.98T 4.60T -0.40T -32.370.51
MTDLMetrodata Electronics Tbk7.98T10.18T 15.67T 0.40T 19.812.07
EDGEPT Indointernet Tbk.7.96T2.77T 0.98T 0.26T 30.185.19
MSTIPT Mastersystem Infotama Tbk.4.90T0.00T 0.00T 0.00T
MLPTPT Multipolar Technology Tbk.2.30T3.18T 2.56T 0.18T 12.832.95
CYBRPT ITSEC Asia Tbk.2.13T0.19T 0.05T -0.01T -149.7426.07
Competitiveness Recap of NFCX stock
WeightNotesScore
High
At a market cap of IDR 1,457.31 billion, NFCX.JK ranks 10 in Market Cap out of 10 companies in the Technology sector.

High
At a PE of -4.57, NFCX.JK ranks 8 out of 10 companies in the Technology sector for P/E value. The average PE is 25.00 (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 Technology. In this regard, it trails behind sector leaders such as PT DCI Indonesia Tbk (183.53) in the Technology sector.

Medium
At a PE of -4.57, NFCX.JK is trading at a lower PE than that of its subsector peers in Software & IT Services (median of 1.78). 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 8.54 trillion, NFCX.JK ranks 4 in Revenue out of 10 companies in the Technology sector.

Medium
At a profit of -IDR 0.32 trillion, NFCX.JK ranks 7 in Profit out of 10 companies in the Technology sector.

Future

Future Growth of NFCX

Growth Forecasts

Analyst Ratings

Based on ratings from 4 analysts for NFCX over the past 3 months.

Strong Buy

Strong Buy

100.0%

Buy

0.0%

Hold

0.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Software & IT Services companies in Indonesia are growing at a projected rate of 29.97% against the IDX average of +13.8%.

Software & IT Services sector overview
No data is available for NFCX at the moment.
Future growth prospect of NFCX
WeightNotesScore
High
NFCX's projected growth rate of 29.97% is above the ID market average of 13.82%.

High
The Software & IT Services sub-sector is projected to grow revenue by 36.80% in 2025. This number is higher than the previous year 2024's growth rate of 12.85%. This bodes well for NFCX's revenue growth prospects in the next 2 years.

Medium
The Software & IT Services sub-sector is projected to decrease earnings by -319.84% in 2025. This number is lower than the previous year 2024's EPS growth of -240.22%. false

Medium
NFCX and its peers in the Software & IT Services sub-sector belongs to the Technology sector. Companies in the Technology sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -319.84% in 2025 while revenue growth is projected to increase by 36.80%. These macroeconomic trends will likely be a headwind for NFCX's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of NFCX

Oscillators

Neutral

Sell

1

Neutral

9

Buy

1

Summary

Buy

Sell

5

Neutral

10

Buy

11

Moving Averages

Buy

Sell

4

Neutral

1

Buy

10

Summary

Technical Ratings of NFCX
IndicatorSummarySellNeutralBuy
SummaryBuy51011
OscillatorsNeutral191
Moving AveragesBuy4110

Last Update: 2024-07-19

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Management

Executive Management

President Director

Abraham Theofilus15.2 years
Ivan EkanconoDirector
Didik MeikoDirector
Octavia KurniawanDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for NFCX at the moment.

Ownership

NFCX Ownership

NameNumber of SharesOwnership (%)Value
Pt M Cash Integrasi Tbk341,953,10051.29752.30B
Public (Scripless)215,364,20032.31473.80B
Pt 1 Inti Dot Com66,231,2009.93145.71B
Bank Of Singapore Limited38,863,8005.8385.50B
Treasury Stock4,255,2000.649.36B

Largest Institutional Buy

No data is available for NFCX at the moment.

Largest Institutional Sell

PayPay Asset Management Corporation
Sold 31-01-2024
-25,000 shares
Pheim Unit Trusts Berhad
Sold 31-01-2024
-5,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of NFCX stock

NFCX Filings

No noteworthy filings to report on

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