PT Sinar Mas Agro Resources and Technology Tbk

smar

Overview

SMAR Overview

PT Sinar Mas Agro Resources and Technology Tbk is an Indonesia-based company. The Company’s main operational activities are cultivating and harvesting oil palm trees, extracting fresh fruit bunches into crude palm oil and palm kernels, processing them into value-added products such as cooking oil, margarine, shortening, oleochemicals and biodiesel. The Company’s segments include Integrated food consumer products and trading activities, Plantations, and Others. Its primary activities include oil palm plantations, vegetable oils and fats as well as the crude palm oil and crude palm kernel oil industries, the fractionating crude palm oil and crude palm kernel oil industries, refining crude palm oil and crude palm kernel oil industries, the animal feed industry, organic chemicals from agricultural products industry, and merchandising of oil-contained fruits, agricultural and other living animal products, vegetable oils and fats, other food and beverage materials from agricultural products.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SMAR

Development
Market Cap.
IDR 11.41Trillion

~$0.73B USD

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

Valuation

SMAR Valuation Metrics

3,920

IDR

Closing Price on 2024-04-05

Price to Equity

4.68

P/E

At 4.68x P/E TTM, SMAR.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

0.61

P/B

At 0.61x P/B TTM, SMAR.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

0.17

P/S

At 0.17x P/S TTM, SMAR.JK is trading at a discount to its peers in the Food & Beverage sector.

Valuing PT Sinar Mas Agro Resources and Technology 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 Sinar Mas Agro Resources and Technology Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
1.99x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.38x
Enterprise Value/EBITDA
5.72x
PEG Ratio
-0.05x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR3,9202024-04-05
IDR 8,722.45

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SMAR is IDR8,722, which is 124% higher than SMAR's last closing price of IDR3,920 (as of 2024-04-05).

Valuation Recap of SMAR 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 4.68x 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 0.61x 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 SMAR.●●
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 0.17x 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 SMAR's valuation relative to its current sales and future earnings growth.
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. SMAR's P/CF ratio of 1.99x 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. SMAR's EV/R ratio of 0.38x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.41x. ●●●
Max 3
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SMAR is IDR 8,722.45, which is 124% higher than SMAR's last closing price of IDR 3,920.00.●●●
Max 3

Peers

SMAR 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 SMAR stock
WeightNotesScore
High
At a market cap of IDR 11,408.34 billion, SMAR.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 4.68, SMAR.JK ranks 10 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 40.87 (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 4.68, SMAR.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 66.92 trillion, SMAR.JK ranks 5 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 2.44 trillion, SMAR.JK ranks 7 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of SMAR

Growth Forecasts

No data available

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
No data is available for SMAR at the moment.
Future growth prospect of SMAR
WeightNotesScore
High
SMAR'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 SMAR'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 SMAR's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
SMAR 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 SMAR's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Irwan Tirtariyadi15.2 years

Vice President Director

Jimmy Pramono15.4 years
Franciscus Costan
Director
D. Agus Purnomo
Director
Yovianes Mahar
Director
NamePositionShares%
No data is available for SMAR at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

SMAR Ownership

Others
7.5%
Insiders
92.4%
Institutions
0.1%
NameNumber of SharesOwnership (%)Value
Purimas Sasmita, Pt2,653,897,57192.410,403.28B
Public (Scripless)216,822,3507.55849.94B
Public (Scrip)1,473,4450.055.78B

Largest Institutional Buy

No data is available for SMAR at the moment.

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-12-2023
-85,529 shares

Institutional Transactions

Tracking institutional transactions buying / selling of SMAR stock