PT Nippon Indosari Corpindo Tbk

roti

Overview

ROTI Overview

PT Nippon Indosari Corpindo Tbk is an Indonesia-based bakery company. The Company is engaged in the bakery and cake industry and the wholesale of bakery products. The Company operates through three segments: West area, Central area and East area. The Company offers its products under the brand names, Sari Rot and Sari Kue. Its products include white bread, sweet bread and cakes. Its white bread / sliced bread includes peeled white bread, double soft bread, milky soft bread, pandan bread, wheat bread, choco chips bread and raisin bread. Its sweet bread includes chocolate torn bread, cheese torn bread, chocolate cheese torn bread, soft comb bread, soft mattress bread, cream bread, pan milk bread, burger bun, chocolate sandwich and others. Its cakes include Bamkuhen, Dorayaki, Tiramisu, Kastella and cheesecake. The Company operates over 14 strategically located factories with distribution of more than 78,000 points of sale on modern and traditional channels throughout Indonesia.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ROTI

Main
Market Cap.
IDR 6.90Trillion

~$431.27M USD

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

Valuation

ROTI Valuation Metrics

1,210

IDR
0.0%

Closing Price on 2024-04-16

Price to Equity

17.29

P/E

At 17.29x P/E TTM, ROTI.JK is trading at a premium to its peers in the Food & Beverage sector (avg 11.6x).

Price to Book

3.00

P/B

At 3.00x P/B TTM, ROTI.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.2x).

Price to Sales

1.76

P/S

At 1.76x P/S TTM, ROTI.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.9x).

Valuing PT Nippon Indosari Corpindo 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 PT Nippon Indosari Corpindo Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
10.96x
Price/Forward Earnings
16.44x
Enterprise Value/Revenue
1.83x
Enterprise Value/EBITDA
11.21x
PEG Ratio
-1.50x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,2102024-04-16
IDR 860.96

Slightly Lower Intrinsic Value: Analyst's intrinsic value is of ROTI is IDR861, which is 28% lower than ROTI's last closing price of IDR1,210 (as of 2024-04-16).

Valuation Recap of ROTI 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 17.29x is above the ID market average of 8.20x and is trading at a premium to peers in the Food & Beverage sector (11.59x).
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 3.00x is above the peers average of 1.24x in the Food & Beverage sector. ROTI 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 1.76x is above the peers average of 0.86x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ROTI's valuation relative to its current sales and future earnings growth. ROTI trades at a Forward P/E ratio of 16.44x, 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. ROTI's P/CF ratio of 10.96x 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. ROTI's EV/R ratio of 1.83x is considered fairly underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.34x.
Max 3
Medium
Slightly Lower Intrinsic Value: Analyst's intrinsic value is of ROTI is IDR 860.96, which is 28% lower than ROTI's last closing price of IDR 1,210.00.
Max 3

Peers

ROTI 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 Tbk117.79T118.89T 67.20T 8.34T 14.132.88
AMRTPT Sumber Alfaria Trijaya Tbk.112.12T33.01T 104.81T 3.29T 34.039.25
HMSPHM Sampoerna Tbk97.71T55.76T 142.08T 9.79T 9.983.49
UNVRUnilever Indonesia Tbk96.90T18.92T 40.19T 4.94T 19.6118.01
PANIPT Pantai Indah Kapuk Dua Tbk.87.90T16.92T 2.13T 0.38T 228.8338.59
CPINCharoen Pokphand Indonesia Tbk82.40T41.94T 60.56T 2.42T 34.082.84
INDFIndofood Sukses Makmur Tbk54.00T188.81T 113.90T 8.80T 6.140.92
MYORMayora Indah Tbk51.43T23.42T 31.33T 2.88T 17.833.71
CMRYPT Cisarua Mountain Dairy Tbk38.96T6.59T 7.36T 1.15T 33.926.87
FAPAPT FAP Agri Tbk19.24T8.54T 4.88T 0.28T 69.775.03
Competitiveness Recap of ROTI stock
WeightNotesScore
High
At a market cap of IDR 6,900.91 billion, ROTI.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 17.29, ROTI.JK ranks 7 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 41.58 (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. (228.83) in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a PE of 17.29, ROTI.JK is trading at a higher PE than that of its subsector peers in Food & Beverage (median of 11.59). false●●
Max 2
Medium
At a revenue of IDR 3.91 trillion, ROTI.JK ranks 9 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.40 trillion, ROTI.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of ROTI

Growth Forecasts

ROTI 2024 Revenue Growth
+15.9%
ROTI 2024 EPS Growth
+0.8%
Sector Revenue Growth
+10.0%
Food & Beverage
Indonesia Market Growth
+7.6%
IDX overall growth
Food & Beverage Sector Revenue Growth '24
+13.1%
Consumer Non-Cyclicals Sector Revenue Growth '24
+17.3%

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

ROTI Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of ROTI
WeightNotesScore
High
ROTI's projected growth rate of 9.96% is above the ID market average of 7.62%.●●●
Max 3
High
The Food & Beverage sub-sector is projected to grow revenue by 13.07% in 2024. This number is higher than the previous year 2023's growth rate of 4.87%. This bodes well for ROTI's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Food & Beverage sub-sector is projected to increase earnings by 57.78% in 2024. This number is higher than the previous year 2023's EPS growth of 39.28%. This bodes well for ROTI's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
ROTI 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 63.95% in 2024 while revenue growth is projected to increase by 17.26%. These macroeconomic trends will likely be a tailwind for ROTI's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Wendy Sui Cheng Yap15.2 years
Arlina Sofia
Director
Indrayana
Director
Ida Apulia Simatupang
Director
Arief Alfanto
Director
NamePositionShares%
No data is available for ROTI at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

ROTI Ownership

Others
14.95%
Insiders
83.28%
Institutions
1.77%
NameNumber of SharesOwnership (%)Value
Pt. Indoritel Makmur Internasional Tbk1,594,467,00025.771,929.31B
Demeter Indo Investment Pte. Ltd.1,370,798,54622.161,658.67B
Bonlight Investment Limited1,285,984,89920.791,556.04B
Masyarakat (Publik)551,085,3668.91666.81B
Pasco Shikishima Corporation525,864,7778.5636.30B
Treasury Stock483,254,6007.81584.74B
Lief Holdings Pte. Ltd.375,033,7006.06453.79B
No data is available for ROTI at the moment.