PT Surya Biru Murni Acetylene Tbk

Overview

SBMA Overview

PT Surya Biru Murni Acetylene, Tbk is an Indonesia-based company, which is engaged in producing gas for industrial needs, such as acetylene, oxygen, and nitrogen. The Company also produces various industrial gases, including Argon, Carbon Dioxide, Mixed Gas, Compressed Air, and sells multiple other special gases needed by laboratories and testing activities. It provides other services, such as cryogenic tank repair, tank leak test, and cylinder and tank accessories. The Company provides services, such as gas laboratory cylinder, maintenance and certification, gas equipment and installation, and transport and distribution. It offers medical supply equipment, onsite generation systems, and tank installation services. It provides tube maintenance services, namely hydro testing, and tube painting. It has a fleet of trucks and transport lorry tanks ready to deliver its orders. Its clients include TOTAL, Pertamina, Thiess, Elnusa, Pupuk Kaltim, Chevron, Petrosea and many others.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SBMA

Development
Market Cap.
IDR 137.63Billion

~$8.45M USD

Industry
Chemicals
Sub-Industry
Basic Chemicals
Sector
Basic Materials
Sub-Sector

Valuation

SBMA Valuation Metrics

148

IDR
-2.0%

Closing Price on 2024-07-19

Price to Equity

77.58

P/E

At 77.58x P/E TTM, SBMA.JK is trading at a premium to its peers in the Basic Materials sector (avg 7.9x).

Price to Book

0.64

P/B

At 0.64x P/B TTM, SBMA.JK is trading in line with its peers in the Basic Materials sector.

Price to Sales

1.23

P/S

At 1.23x P/S TTM, SBMA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing PT Surya Biru Murni Acetylene Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Surya Biru Murni Acetylene Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow3.79x
Price/Forward Earnings-
Enterprise Value/Revenue1.50x
Enterprise Value/EBITDA13.37x
PEG Ratio5.15x

Intrinsic Value

Last closing: IDR1482024-07-19
IDR 58.53

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SBMA is IDR59, which is 59% lower than SBMA's last closing price of IDR148 (as of 2024-07-19).

Valuation Recap of SBMA 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 77.58x is above the ID market average of 8.44x and is trading at a premium to peers in the Basic Materials sector (7.87x). In fact, less than 25% of its peers trade at a higher P/E ratio than SBMA.

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 0.64x is similar to the peers average of 0.75x in the Basic Materials 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 1.23x is similar to the peers average of 0.78x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SBMA'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. SBMA's P/CF ratio of 3.79x 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. SBMA's EV/R ratio of 1.50x is considered extremely underpriced by the market. The average EV/R ratio for the Basic Materials sector is 1.12x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SBMA is IDR 58.53, which is 59% lower than SBMA's last closing price of IDR 148.00.

Peers

SBMA 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
TPIAPT Chandra Asri Pacific Tbk819.70T85.40T 32.94T -1.18T -697.2019.04
AMMNPT Amman Mineral Internasional Tbk.815.83T156.74T 23.23T 4.99T 163.6110.99
BRPTBarito Pacific Tbk101.21T159.72T 42.22T 0.17T 584.883.73
MBMAPT Merdeka Battery Materials Tbk66.96T52.49T 16.68T 0.14T 489.882.74
NCKLPT Trimegah Bangun Persada Tbk.58.68T48.39T 19.65T 3.88T 15.142.36
MDKAPT Merdeka Copper Gold Tbk.57.11T78.26T 31.60T -0.59T -97.013.74
INKPIndah Kiat Pulp & Paper Tbk46.50T164.67T 49.97T 6.33T 7.340.48
INCOVale Indonesia Tbk40.37T45.32T 19.09T 4.25T 9.501.02
ANTMAneka Tambang Tbk.33.04T41.21T 38.08T 1.65T 19.991.07
AVIAPT Avia Avian Tbk30.59T11.47T 7.14T 1.67T 18.303.01
Competitiveness Recap of SBMA stock
WeightNotesScore
High
At a market cap of IDR 137.63 billion, SBMA.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 77.58, SBMA.JK ranks 4 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 57.37 (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 Basic Materials. In this regard, it trails behind sector leaders such as Barito Pacific Tbk (584.88) in the Basic Materials sector.

Medium
At a PE of 77.58, SBMA.JK is trading at a higher PE than that of its subsector peers in Basic Materials (median of 7.87). false

Medium
At a revenue of IDR 0.11 trillion, SBMA.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.00 trillion, SBMA.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of SBMA

Growth Forecasts

Analyst Ratings

Based on ratings from 2 analysts for SBMA over the past 3 months.

Strong Buy

Strong Buy

50.0%

Buy

0.0%

Hold

50.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 16.97% against the IDX average of +13.8%.

Basic Materials sector overview
No data is available for SBMA at the moment.
Future growth prospect of SBMA
WeightNotesScore
High
SBMA's projected growth rate of 16.97% is above the ID market average of 13.82%.

High
The Basic Materials sub-sector is projected to grow revenue by 18.57% in 2025. This number is higher than the previous year 2024's growth rate of 14.72%. This bodes well for SBMA's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -161.49% in 2025. This number is lower than the previous year 2024's EPS growth of -94.01%. false

Medium
SBMA and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -161.49% in 2025 while revenue growth is projected to increase by 18.57%. These macroeconomic trends will likely be a headwind for SBMA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of SBMA

Oscillators

Sell

Sell

3

Neutral

8

Buy

0

Summary

Strong Sell

Sell

17

Neutral

9

Buy

0

Moving Averages

Strong Sell

Sell

14

Neutral

1

Buy

0

Summary

Technical Ratings of SBMA
IndicatorSummarySellNeutralBuy
SummaryStrong Sell1790
OscillatorsSell380
Moving AveragesStrong Sell1410

Last Update: 2024-07-19

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Management

Executive Management

President Director

Rini Dwiyanti15.2 years

Vice President Director

Welly Sumanteri15.4 years
Iwan SanyotoDirector
Ingo Lothar SteilDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for SBMA at the moment.

Ownership

SBMA Ownership

NameNumber of SharesOwnership (%)Value
Pt Surya Biru Titilea Investama585,000,00062.9186.58B
Public (Scripless)279,926,28230.141.43B
Tiffany Wei65,000,0006.999.62B

SBMA Filings

No noteworthy filings to report on

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