Salim Ivomas Pratama Tbk

simp

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 6.05Trillion

~$384.80M USD

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

Valuation

SIMP Valuation Metrics

386

IDR

Closing Price on 2024-04-05

Price to Equity

8.17

P/E

At 8.17x P/E TTM, SIMP.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

0.36

P/B

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

Price to Sales

0.35

P/S

At 0.35x 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 Flow
1.94x
Price/Forward Earnings
7.94x
Enterprise Value/Revenue
0.57x
Enterprise Value/EBITDA
4.53x
PEG Ratio
-0.25x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR3862024-04-05
IDR 350.27

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of SIMP is IDR350, which is 8% lower than SIMP's last closing price of IDR386 (as of 2024-04-05).

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 8.17x is below the ID market average of 8.22x and is trading at a discount to peers in the Food & Beverage sector (12.16x).
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 0.36x is below the peers average of 1.24x in the Food & Beverage sector. In fact, less than 25% of its peers trade at a lower P/B ratio than SIMP.●●
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 0.35x is below the peers average of 0.90x 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 7.94x, which is considered fairly undervalued 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. SIMP's P/CF ratio of 1.94x is considered healthy 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. SIMP's EV/R ratio of 0.57x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.41x. ●●●
Max 3
Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of SIMP is IDR 350.27, which is 8% lower than SIMP's last closing price of IDR 386.00.
Max 3

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 Tbk126.53T118.89T 67.20T 8.34T 15.173.09
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T33.01T 104.81T 3.29T 36.309.87
UNVRUnilever Indonesia Tbk102.24T18.92T 40.19T 4.94T 20.6919.00
HMSPHM Sampoerna Tbk99.45T55.76T 142.08T 9.79T 10.163.55
PANIPT Pantai Indah Kapuk Dua Tbk.86.73T16.92T 2.13T 0.38T 225.7838.08
CPINCharoen Pokphand Indonesia Tbk86.50T41.94T 60.56T 2.42T 35.772.98
INDFIndofood Sukses Makmur Tbk57.07T188.81T 113.90T 8.80T 6.490.98
MYORMayora Indah Tbk54.11T23.42T 31.33T 2.88T 18.763.90
CMRYPT Cisarua Mountain Dairy Tbk40.07T6.59T 7.36T 1.15T 34.897.07
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.24T7.71T 8.10T 1.07T 18.063.02
Competitiveness Recap of SIMP stock
WeightNotesScore
High
At a market cap of IDR 6,046.15 billion, SIMP.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 8.17, SIMP.JK ranks 9 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 41.22 (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. (225.78) in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a PE of 8.17, SIMP.JK is trading at a lower PE than that of its subsector peers in Food & Beverage (median of 12.16). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 17.27 trillion, SIMP.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.74 trillion, SIMP.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of SIMP

Growth Forecasts

SIMP 2024 Revenue Growth
-14.7%
SIMP 2024 EPS Growth
-77.2%
Sector Revenue Growth
+12.7%
Food & Beverage
Indonesia Market Growth
+12.0%
IDX overall growth
Food & Beverage Sector Revenue Growth '24
+13.2%
Consumer Non-Cyclicals Sector Revenue Growth '24
+13.2%

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 12.66% against the IDX average of +12.0%.

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 12.66% is above the ID market average of 11.98%.●●●
Max 3
High
The Food & Beverage sub-sector is projected to grow revenue by 13.20% in 2024. This number is higher than the previous year 2023's growth rate of 4.97%. This bodes well for SIMP's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Food & Beverage sub-sector is projected to increase earnings by 58.68% in 2024. This number is higher than the previous year 2023's EPS growth of 40.16%. This bodes well for SIMP's earnings growth prospects in the next 2 years. ●●●
Max 3
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 2024. Specifically, earnings are projected to increase by 53.54% in 2024 while revenue growth is projected to increase by 13.24%. These macroeconomic trends will likely be a tailwind for SIMP's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Mark Julian Wakeford15.2 years

Vice President Director

Moleonoto (Paulus Moleonoto)15.4 years
Suaimi Suriady
Director
Tan Agustinus Dermawan
Director
Johnny Ponto
Director
Soenardi Winarto
Director
Yohanes Djoko Junianto
Director
In She
Director
Ferdi Gunawan
Director
NamePositionShares%
Ferdi GunawanDirector750,000< 0.01
Tan Agustinus DermawanDirector50,000< 0.01
Taufik WiraatmadjaCommissioner120,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

SIMP Ownership

Others
20.63%
Insiders
78.86%
Institutions
0.51%
NameNumber of SharesOwnership (%)Value
Indofood Agri Resources Ltd11,387,745,000724,395.67B
Public (Scripless)2,823,716,72917.851,089.95B
Pt Indofood Sukses Makmur Tbk1,035,306,4006.55399.63B
Treasury Stock315,000,0001.99121.59B
Public (Scrip)204,926,8711.379.10B
Pt Bina Makna Indopratama48,695,0000.3118.80B

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