Salim Ivomas Pratama Tbk

Overview

SIMP Overview

PT Salim Ivomas Pratama Tbk is a diversified and vertically integrated agribusiness company. The Company's principal activities include research and development, seed breeding, oil palm cultivation and milling as well as production and marketing of cooking oil, margarine and shortening products. It is also engaged in the cultivation of sugar cane, rubber and other crops. Its business divisions include the Plantations division and the Edible Oils & Fats division. It provides crude palm oil (CPO), fresh fruit bunches and other by-products, such as palm kernels. For the consumer market, cooking oils are retailed under Bimoli, Bimoli Spesial, Delima, Amanda and Happy brands, and consumer margarine under Amanda, Palmia, and Royal Palmia brands. For the industrial market, cooking oils are supplied directly to Indofood and other food manufacturers, and margarine and shortening marketed to confectioneries, bakeries and food manufacturers under Amanda, Delima, Malinda, Palmia, and Simas brands.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SIMP

Main
Market Cap.
IDR 5.64Trillion

~$346.46M USD

Industry
Agricultural Products
Sub-Industry
Plantations & Crops
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

SIMP Valuation Metrics

364

IDR
-0.5%

Closing Price on 2024-07-19

Price to Equity

6.32

P/E

At 6.32x P/E TTM, SIMP.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

0.32

P/B

At 0.32x P/B TTM, SIMP.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

0.36

P/S

At 0.36x P/S TTM, SIMP.JK is trading at a discount to its peers in the Food & Beverage sector.

Valuing Salim Ivomas Pratama 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 Salim Ivomas Pratama Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow1.73x
Price/Forward Earnings7.49x
Enterprise Value/Revenue0.52x
Enterprise Value/EBITDA3.40x
PEG Ratio0.06x

Intrinsic Value

Last closing: IDR3642024-07-19
IDR 584.35

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SIMP is IDR584, which is 62% higher than SIMP's last closing price of IDR364 (as of 2024-07-19).

Valuation Recap of SIMP 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 6.32x is below the ID market average of 8.44x and is trading at a discount to peers in the Food & Beverage sector (12.70x). In fact, less than 25% of its peers trade at a lower P/E ratio than SIMP.

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 0.32x is below the peers average of 1.42x in the Food & Beverage sector. In fact, less than 25% of its peers trade at a lower P/B ratio than SIMP.

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 0.36x is below the peers average of 0.87x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SIMP's valuation relative to its current sales and future earnings growth. SIMP trades at a Forward P/E ratio of 7.49x, which is considered fairly undervalued by analysts.

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. SIMP's P/CF ratio of 1.73x 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. SIMP's EV/R ratio of 0.52x is considered extremely underpriced by the market. The average EV/R ratio for the Food & Beverage sector is 1.34x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SIMP is IDR 584.35, which is 62% higher than SIMP's last closing price of IDR 364.00.

Peers

SIMP 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 Tbk125.95T123.60T 68.69T 5.39T 23.372.92
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T40.38T 110.10T 3.52T 33.997.83
UNVRUnilever Indonesia Tbk106.82T18.34T 38.09T 4.84T 22.0522.05
CPINCharoen Pokphand Indonesia Tbk89.78T43.54T 62.96T 2.79T 32.193.24
PANIPT Pantai Indah Kapuk Dua Tbk.87.12T34.93T 1.88T 0.21T 409.376.67
HMSPHM Sampoerna Tbk84.91T55.80T 145.09T 10.34T 8.212.64
MYORMayora Indah Tbk57.69T25.92T 31.79T 3.58T 16.123.57
INDFIndofood Sukses Makmur Tbk53.34T198.32T 111.95T 6.75T 7.910.86
CMRYPT Cisarua Mountain Dairy Tbk39.28T7.51T 8.11T 1.33T 29.516.21
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.86T7.97T 8.37T 1.22T 16.292.84
Competitiveness Recap of SIMP stock
WeightNotesScore
High
At a market cap of IDR 5,642.47 billion, SIMP.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 6.32, SIMP.JK ranks 10 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 58.90 (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. (409.37) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 6.32, SIMP.JK is trading at a lower PE than that of its subsector peers in Food & Beverage (median of 12.70). 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 15.70 trillion, SIMP.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 0.89 trillion, SIMP.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of SIMP

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 14.44% against the IDX average of +13.8%.

Food & Beverage sector overview

SIMP Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of SIMP
WeightNotesScore
High
SIMP's projected growth rate of 14.44% is above the ID market average of 13.82%.

High
The Food & Beverage sub-sector is projected to grow revenue by 14.19% in 2025. This number is higher than the previous year 2024's growth rate of 4.95%. This bodes well for SIMP's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 42.54% in 2025. This number is higher than the previous year 2024's EPS growth of 24.83%. This bodes well for SIMP's earnings growth prospects in the next 2 years.

Medium
SIMP 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 2025. Specifically, earnings are projected to increase by 31.27% in 2025 while revenue growth is projected to increase by 12.79%. These macroeconomic trends will likely be a tailwind for SIMP's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of SIMP

Oscillators

Buy

Sell

0

Neutral

8

Buy

3

Summary

Buy

Sell

4

Neutral

9

Buy

13

Moving Averages

Buy

Sell

4

Neutral

1

Buy

10

Summary

Technical Ratings of SIMP
IndicatorSummarySellNeutralBuy
SummaryBuy4913
OscillatorsBuy083
Moving AveragesBuy4110

Last Update: 2024-07-19

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Management

Executive Management

President Director

Mark Julian Wakeford15.2 years

Vice President Director

Moleonoto (Paulus Moleonoto)15.4 years
Suaimi SuriadyDirector
Tan Agustinus DermawanDirector
Johnny PontoDirector
Soenardi WinartoDirector
Yohanes Djoko JuniantoDirector
In SheDirector
Ferdi GunawanDirector
Harrijanto KusumoDirector
Chandra Arif SantosoDirector
NamePositionShares%Stock Value
(in Billion IDR)
Ferdi GunawanDirector750,000< 0.010.27B
Tan Agustinus DermawanDirector50,000< 0.010.02B
Taufik WiraatmadjaCommissioner120,000< 0.010.04B

Ownership

SIMP Ownership

NameNumber of SharesOwnership (%)Value
Indofood Agri Resources Ltd11,387,745,000724,145.14B
Public (Scripless)2,823,716,72917.851,027.83B
Pt Indofood Sukses Makmur Tbk1,035,306,4006.55376.85B
Treasury Stock315,000,0001.99114.66B
Public (Scrip)204,926,8711.374.59B
Pt Bina Makna Indopratama48,695,0000.3117.72B

Largest Institutional Buy

Russell Investments Limited
Bought 31-01-2024
+1,253 shares

Largest Institutional Sell

Prudential
Sold 31-01-2024
-23,549,100 shares
PT Eastspring Investment Indonesia
Sold 31-01-2024
-5,875,500 shares
Acadian Asset Management LLC
Sold 31-01-2024
-1,637,132 shares

Institutional Transactions

Tracking institutional transactions buying / selling of SIMP stock

SIMP Filings

No noteworthy filings to report on

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