PT Sarana Mitra Luas Tbk

smil

Overview

SMIL Overview

PT Sarana Mitra Luas Tbk is an Indonesia-based forklift rental company. The Company offers various types of material handling solutions in Indonesia. Its services include forklift rental, forklift rental with operator, output-based forklift rental, installation machines, and selling and servicing forklifts. It provides approximately 3000 units of material handling equipment, ranging from one to 30 tons. The Company's products include engine forklifts, electric counterbalance forklifts, reach trucks, loaders, and forklift attachments. It also provides rental services for other warehousing equipment, such as pallet movers, pallet stackers, towing tractors, hand pallets, and scissor lifts.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SMIL

Main
Market Cap.
IDR 1.28Trillion

~$81.30M USD

Industry
Machinery
Sub-Industry
Construction Machinery & Heavy Vehicles
Sector
Industrials

Valuation

SMIL Valuation Metrics

146

IDR

Closing Price on 2024-04-05

Price to Equity

74.64

P/E

At 74.64x P/E TTM, SMIL.JK is trading at a premium to its peers in the Industrial Goods sector (avg 8.0x).

Price to Book

1.94

P/B

At 1.94x P/B TTM, SMIL.JK is trading at a premium to its peers in the Industrial Goods sector (avg 0.7x).

Price to Sales

9.70

P/S

At 9.70x P/S TTM, SMIL.JK is trading at a premium to its peers in the Industrial Goods sector (avg 0.6x).

Valuing PT Sarana Mitra Luas Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Industrial Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Sarana Mitra Luas Tbk relative to other stocks in the Industrial Goods sector

Price/Cash Flow
-
Price/Forward Earnings
-
Enterprise Value/Revenue
10.34x
Enterprise Value/EBITDA
-
PEG Ratio
-

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1462024-04-05
IDR 35.07

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SMIL is IDR35, which is 75% lower than SMIL's last closing price of IDR146 (as of 2024-04-05).

Valuation Recap of SMIL 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 74.64x is above the ID market average of 8.22x and is trading at a premium to peers in the Industrial Goods sector (8.04x). In fact, less than 25% of its peers trade at a higher P/E ratio than SMIL.
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 1.94x is above the peers average of 0.67x in the Industrial Goods sector. SMIL trades at a higher P/B ratio than >75% of its peers in the Industrial Goods 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 9.70x is above the peers average of 0.64x in the Industrial Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SMIL's valuation relative to its current sales and future earnings growth.
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. SMIL's EV/R ratio of 10.34x is considered a relatively high ratio The average EV/R ratio for the Industrial Goods sector is 1.04x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SMIL is IDR 35.07, which is 75% lower than SMIL's last closing price of IDR 146.00.
Max 3

Peers

SMIL 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
ASIIAstra International Tbk213.55T442.98T 320.94T 31.31T 6.821.12
UNTRUnited Tractors Tbk91.70T153.14T 129.67T 20.49T 4.481.23
IMPCPT Impack Pratama Industri Tbk20.40T3.44T 2.87T 0.44T 46.179.35
BNBRBakrie & Brothers Tbk8.00T20.10T 4.37T 0.27T 29.913.86
ARNAArwana Citramulia Tbk5.39T2.58T 2.43T 0.47T 11.463.07
HEXAHexindo Adiperkasa Tbk5.25T6.93T 10.44T 0.91T 5.752.18
BHITPT MNC Asia Holding Tbk4.18T70.97T 18.39T 0.64T 6.520.24
MARKPT Mark Dynamics Indonesia Tbk.3.39T0.92T 0.49T 0.12T 27.324.21
SKRNPT Superkrane Mitra Utama Tbk2.75T3.13T 0.94T 0.17T 15.702.94
MLIAMulia Industrindo Tbk2.66T6.80T 4.79T 0.58T 4.610.56
Competitiveness Recap of SMIL stock
WeightNotesScore
High
At a market cap of IDR 1,277.50 billion, SMIL.JK ranks 10 in Market Cap out of 10 companies in the Industrials sector.
Max 2
High
At a PE of 74.64, SMIL.JK ranks 1 out of 10 companies in the Industrials sector for P/E value. The average PE is 22.88 (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 Industrials. false●●
Max 2
Medium
At a PE of 74.64, SMIL.JK is trading at a higher PE than that of its subsector peers in Industrial Goods (median of 8.04). false●●
Max 2
Medium
At a revenue of IDR 0.13 trillion, SMIL.JK ranks 10 in Revenue out of 10 companies in the Industrials sector.
Max 2
Medium
At a profit of IDR 0.02 trillion, SMIL.JK ranks 10 in Profit out of 10 companies in the Industrials sector.
Max 2

Future

Future Growth of SMIL

Growth Forecasts

No data available

Sector Benchmark

Industrial Goods companies in Indonesia are shrinking at a projected rate of -3.82% against the IDX average of +12.0%.

Industrial Goods sector overview
No data is available for SMIL at the moment.
Future growth prospect of SMIL
WeightNotesScore
High
SMIL's projected growth rate of -3.82% is below the ID market average of 11.98%.●●●
Max 3
High
The Industrial Goods sub-sector is projected to shrink revenue by -4.05% in 2024. This number is lower than the previous year 2023's growth rate of 1.64%. false
Max 3
Medium
The Industrial Goods sub-sector is projected to decrease earnings by -15.66% in 2024. This number is lower than the previous year 2023's EPS growth of -3.86%. false
Max 3
Medium
SMIL and its peers in the Industrial Goods sub-sector belongs to the Industrials sector. Companies in the Industrials sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to increase by 2.83% in 2024 while revenue growth is projected to increase by 2.96%. These macroeconomic trends will likely be a headwind for SMIL's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Hadi Suhermin15.2 years
Winston Suhermin
Director
NamePositionShares%
Hadi SuherminPresident Director4,200,000,00048
Lucia Irawaty LiePresident Commissioner2,100,000,00024
Winston SuherminDirector700,000,0008
Expressed in millions IDR, unless otherwise stated

Ownership

SMIL Ownership

Others
20%
Insiders
80%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Hadi Suhermin4,200,000,00048613.20B
Lucia Irawaty Lie2,100,000,00024306.60B
Public (Scripless)1,750,005,69920255.50B
Winston Suhermin700,000,0008102.20B
No data is available for SMIL at the moment.