PT Multi Makmur Lemindo Tbk.

Overview

PIPA Overview

PT Multi Makmur Lemindo Tbk is an Indonesia-based building material company. The Company is focused on production and distribution business activities for the manufacture of pipes with polymer vinyl chloride (PVC) base materials, along with their derivative products and other building material products. The Company operates through two segments: pipe and non-pipe. Its products include PVC pipe, HDPE pipe, Rubicon PVC fittings, PVC glue (pipe glue), cast buckets and other accessories, and PVC gutters. The company handles several needs for building materials in several sectors and industries, such as property, manufacturing, agriculture, and large projects such as infrastructure, including the fulfilment of PVC pipes for the needs of the government's toll roads in Java and Sumatra. It has production facilities for PVC pipes, PVC fittings, building material products, and PVC glue with an installed production capacity of approximately 300 tons located in Tangerang City.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PIPA

Watchlist
Market Cap.
IDR 27.40Billion

~$1.68M USD

Industry
Building Products & Fixtures
Sub-Industry
Building Products & Fixtures
Sector
Industrials

Valuation

PIPA Valuation Metrics

8

IDR
+14.3%

Closing Price on 2024-07-19

Price to Equity

191.25

P/E

At 191.25x P/E TTM, PIPA.JK is trading at a premium to its peers in the Industrial Goods sector (avg 6.0x).

Price to Book

0.19

P/B

At 0.19x P/B TTM, PIPA.JK is trading at a discount to its peers in the Industrial Goods sector.

Price to Sales

1.19

P/S

At 1.19x P/S TTM, PIPA.JK is trading at a premium to its peers in the Industrial Goods sector (avg 0.6x).

Valuing PT Multi Makmur Lemindo Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Industrial Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Multi Makmur Lemindo Tbk. relative to other stocks in the Industrial Goods sector

Price/Cash Flow1.48x
Price/Forward Earnings-
Enterprise Value/Revenue1.40x
Enterprise Value/EBITDA13.93x
PEG Ratio-7.28x

Intrinsic Value

Last closing: IDR82024-07-19
IDR 3.02

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of PIPA is IDR3, which is 61% lower than PIPA's last closing price of IDR8 (as of 2024-07-19).

Valuation Recap of PIPA 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 191.25x is above the ID market average of 8.44x and is trading at a premium to peers in the Industrial Goods sector (6.05x). In fact, less than 25% of its peers trade at a higher P/E ratio than PIPA.

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 0.19x is similar to the peers average of 0.58x in the Industrial Goods sector. In fact, less than 25% of its peers trade at a lower P/B ratio than PIPA.

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 1.19x is above the peers average of 0.58x in the Industrial Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PIPA'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. PIPA's P/CF ratio of 1.48x 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. PIPA's EV/R ratio of 1.40x is considered extremely underpriced by the market. The average EV/R ratio for the Industrial Goods sector is 0.95x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of PIPA is IDR 3.02, which is 61% lower than PIPA's last closing price of IDR 8.00.

Peers

PIPA 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
ASIIAstra International Tbk183.39T460.03T 314.79T 32.58T 5.630.89
UNTRUnited Tractors Tbk88.43T161.43T 126.11T 19.84T 4.461.04
IMPCPT Impack Pratama Industri Tbk18.99T3.78T 2.86T 0.46T 41.447.85
HEXAHexindo Adiperkasa Tbk5.61T6.51T 9.73T 0.89T 6.331.97
ARNAArwana Citramulia Tbk5.17T2.69T 2.42T 0.40T 12.783.24
BNBRBakrie & Brothers Tbk4.00T6.99T 3.78T 0.22T 18.141.80
BHITPT MNC Asia Holding Tbk3.68T71.56T 15.04T 0.22T 16.700.21
MARKPT Mark Dynamics Indonesia Tbk.3.38T1.04T 0.64T 0.20T 17.103.72
MLIAMulia Industrindo Tbk2.54T6.98T 4.59T 0.53T 4.800.50
SMILPT Sarana Mitra Luas Tbk2.45T0.88T 0.23T 0.04T 55.663.43
Competitiveness Recap of PIPA stock
WeightNotesScore
High
At a market cap of IDR 27.40 billion, PIPA.JK ranks 10 in Market Cap out of 10 companies in the Industrials sector.

High
At a PE of 191.25, PIPA.JK ranks 1 out of 10 companies in the Industrials sector for P/E value. The average PE is 31.86 (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 Industrials. false

Medium
At a PE of 191.25, PIPA.JK is trading at a higher PE than that of its subsector peers in Industrial Goods (median of 6.05). false

Medium
At a revenue of IDR 0.02 trillion, PIPA.JK ranks 10 in Revenue out of 10 companies in the Industrials sector.

Medium
At a profit of IDR 0.00 trillion, PIPA.JK ranks 10 in Profit out of 10 companies in the Industrials sector.

Future

Future Growth of PIPA

Growth Forecasts

Analyst Ratings

Based on ratings from 5 analysts for PIPA 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

Industrial Goods companies in Indonesia are shrinking at a projected rate of -54.52% against the IDX average of +13.8%.

Industrial Goods sector overview
No data is available for PIPA at the moment.
Future growth prospect of PIPA
WeightNotesScore
High
PIPA's projected growth rate of -54.52% is below the ID market average of 13.82%.

High
The Industrial Goods sub-sector is projected to shrink revenue by -14.07% in 2025. This number is lower than the previous year 2024's growth rate of -5.49%. false

Medium
The Industrial Goods sub-sector is projected to decrease earnings by 0.00% in 2025. This number is lower than the previous year 2024's EPS growth of 0.00%. false

Medium
PIPA and its peers in the Industrial Goods sub-sector belongs to the Industrials sector. Companies in the Industrials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -10.41% in 2025 while revenue growth is projected to decrease by -4.79%. These macroeconomic trends will likely be a tailwind for PIPA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of PIPA

Oscillators

Buy

Sell

0

Neutral

8

Buy

3

Summary

Sell

Sell

10

Neutral

9

Buy

7

Moving Averages

Sell

Sell

10

Neutral

1

Buy

4

Summary

Technical Ratings of PIPA
IndicatorSummarySellNeutralBuy
SummarySell1097
OscillatorsBuy083
Moving AveragesSell1014

Last Update: 2024-07-19

Loading...
Loading...

Management

Executive Management

President Director

Junaedi15.2 years
Hendrik SaputraDirector
AirlanggaDirector
NamePositionShares%Stock Value
(in Billion IDR)
Hendrik SaputraDirector250,000,0007.32.00B
JunaediPresident Director1,000,00029.20.01B
Nanang SaputraCommissioner250,000,0007.32.00B
SusyanaliefPresident Commissioner700,000,00020.445.60B

Ownership

PIPA Ownership

NameNumber of SharesOwnership (%)Value
Junaedi1,000,00029.20.01B
Public (Scripless)925,027,335277.40B
Susyanalief700,000,00020.445.60B
Imanuel Kevin Mayola300,000,0008.762.40B
Hendrik Saputra250,000,0007.32.00B
Nanang Saputra250,000,0007.32.00B

PIPA Filings

No noteworthy filings to report on

    Sectors, Indonesia's Financial Data Layer

    We hate spam as much as you do. We do not resell your data.

    Email us at sectors@supertype.ai for enquiries on using Sectors for your organization.

    © 2024 Supertype Pte. Ltd.
    (and subsidiary PT. Supertype Teknologi Nusantara)