Indo Acidatama Tbk

srsn

+1.85%

Overview

SRSN Overview

PT Indo Acidatama Tbk is an Indonesia-based company, which is operates in the agro chemicals industry, producing ethanol, acetic acid, and ethyl acetate. The Company does business and activities in the industrial sector, namely apparel and chemical industries, namely the spiritus, alcohol/ethanol, acetic acid, ethyl acetate, plastic jerry cans and their derivative products. Its Agro products include Organic Plus Fertilizer (biofertilizer) products under the trademark POMI and Decomposer Plus (soil fertilizer) with the trademark BEKA. The total production capacity of Decomposer Plus Bio Soil Fertilizer, Organic Fertilizer Plus and Biofertilizer is approximately 50 million liters per year. Its chemical products include Ethanol Acetic Acid I, Acetic Acid II, and Ethyl Acetate. The Company's farm product is Multi Function Probiotics.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SRSN

Main
Market Cap.
IDR 331.10Billion

~$20.69M USD

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

Valuation

SRSN Valuation Metrics

55

IDR
+1.9%

Closing Price on 2024-04-18

Price to Equity

5.71

P/E

At 5.71x P/E TTM, SRSN.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

0.47

P/B

At 0.47x P/B TTM, SRSN.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Sales

0.32

P/S

At 0.32x P/S TTM, SRSN.JK is trading at a discount to its peers in the Basic Materials sector.

Valuing Indo Acidatama 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 Indo Acidatama Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
9.04x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.46x
Enterprise Value/EBITDA
5.34x
PEG Ratio
0.02x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR552024-04-18
IDR 100.00

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SRSN is IDR100, which is 83% higher than SRSN's last closing price of IDR55 (as of 2024-04-18).

Valuation Recap of SRSN 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 5.71x is below the ID market average of 8.46x and is trading at a discount to peers in the Basic Materials sector (8.44x).

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 0.47x is below the peers average of 0.88x in the Basic Materials sector. In fact, less than 25% of its peers trade at a lower P/B ratio than SRSN.

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 0.32x is below the peers average of 0.83x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SRSN'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. SRSN's P/CF ratio of 9.04x 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. SRSN's EV/R ratio of 0.46x is considered extremely underpriced by the market The average EV/R ratio for the Basic Materials sector is 1.14x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SRSN is IDR 100.00, which is 83% higher than SRSN's last closing price of IDR 55.00.

Peers

SRSN 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
AMMNPT Amman Mineral Internasional Tbk.649.04T140.91T 31.50T 3.91T 166.189.21
TPIAPT Chandra Asri Petrochemical Tbk599.09T86.97T 33.46T -0.52T -1151.8914.12
BRPTBarito Pacific Tbk89.82T157.22T 42.76T 0.40T 222.033.43
MDKAPT Merdeka Copper Gold Tbk.67.36T76.90T 26.44T -0.32T -210.524.69
MBMAPT Merdeka Battery Materials Tbk61.02T50.55T 20.58T 0.11T 568.512.57
NCKLPT Trimegah Bangun Persada Tbk.56.47T45.29T 23.86T 5.62T 10.052.40
INKPIndah Kiat Pulp & Paper Tbk52.79T156.84T 53.89T 6.37T 8.280.57
INCOVale Indonesia Tbk42.83T45.32T 19.09T 4.25T 10.081.08
ANTMAneka Tambang Tbk.41.45T35.50T 43.15T 4.04T 10.251.68
AVIAPT Avia Avian Tbk33.44T11.17T 7.02T 1.64T 20.363.37
Competitiveness Recap of SRSN stock
WeightNotesScore
High
At a market cap of IDR 331.10 billion, SRSN.JK ranks 10 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of 5.71, SRSN.JK ranks 8 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -36.13 (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 PT Merdeka Battery Materials Tbk (568.51) in the Basic Materials sector.

Medium
At a PE of 5.71, SRSN.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 8.44). 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 1.03 trillion, SRSN.JK ranks 10 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of IDR 0.06 trillion, SRSN.JK ranks 8 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of SRSN

Growth Forecasts

No data available

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 5.04% against the IDX average of +7.6%.

Basic Materials sector overview
No data is available for SRSN at the moment.
Future growth prospect of SRSN
WeightNotesScore
High
SRSN's projected growth rate of 5.04% is below the ID market average of 7.62%.

High
The Basic Materials sub-sector is projected to grow revenue by 93.43% in 2024. This number is higher than the previous year 2023's growth rate of -8.67%. This bodes well for SRSN's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to increase earnings by 8.54% in 2024. This number is higher than the previous year 2023's EPS growth of 0.72%. This bodes well for SRSN's earnings growth prospects in the next 2 years.

Medium
SRSN 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 fruitful year heading into 2024. Specifically, earnings are projected to increase by 8.54% in 2024 while revenue growth is projected to increase by 93.43%. These macroeconomic trends will likely be a tailwind for SRSN's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Budhi Moeljono15.2 years

Vice President Director

Mulyadi Utomo Budhi Moeljono15.4 years
Wong Lukas Yoyok Nurcahya
Director
Nurdjono Kusumohadi
Director
Shelumiel Setijo
Director
Sharad Ganesh Ugrankar
Director
NamePositionShares%
Biantoro SetijoPresident Commissioner584,680,8119.71
Budhi HartonoCommissioner568,016,5129.44
Budhi MoeljonoPresident Director532,561,8238.85
Budhi SantosoCommissioner596,233,0539.9
Mulyadi Utomo Budhi MoeljonoVice President Director88,922,9781.48
Shelumiel SetijoDirector66,666,0001.11
Expressed in millions IDR, unless otherwise stated

Ownership

SRSN Ownership

Others
16.97%
Insiders
83.03%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Public (Scripless)1,020,790,35416.9556.14B
Pt.Budhi Bersaudara Manunggal851,685,91014.1546.84B
Pt.Kemiri Sarana Investama819,055,18813.6145.05B
Budhi Santoso596,233,0539.932.79B
Biantoro Setijo584,680,8119.7132.16B
Ludijanto Setijo 584,680,8129.7132.16B
Budhi Hartono568,016,5129.4431.24B
Budhi Moeljono532,561,8238.8529.29B
Pt.Sarana Integritas , Pt303,457,7025.0416.69B
Mulyadi Utomo Budhi Moeljono88,922,9781.484.89B
Shelumiel Setijo66,666,0001.113.67B
Public (Scrip)3,248,8570.050.18B
No data is available for SRSN at the moment.