PT Saratoga Investama Sedaya Tbk.

srtg

Overview

SRTG Overview

PT Saratoga Investama Sedaya Tbk is an Indonesia-based investment company. The Company is focused on investing in the growing energy sector, precious metals, technology infrastructure, healthcare products and services, specialty logistics and distribution, and the digital space. Its segments include Blue Chip Companies, Digital Technology Companies and Growth Focused Companies. The Company’s portfolio includes construction, consumer products and services, digital media and advertising, energy and resources, health care and consumer health, industrials, logistics, precious metals, renewables and green economy and technology and digital infrastructure. The Company’s subsidiaries include PT Saratoga Sentra Business (SSB), PT Nugraha Eka Kencana (NEK), PT Wahana Anugerah Sejahtera (WAS), PT Bumi Hijau Asri (BHA), PT Wana Bhakti Sukses Mineral (WBSM), PT Trimitra Karya Jaya (TKJ), PT Surya Nuansa Ceria (SNC), PT Lintas Indonesia Sejahtera (LIS) and PT Interra Indo Resources (IIR).

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SRTG

Main
Market Cap.
IDR 20.24Trillion

~$1.29B USD

Industry
Holding & Investment Companies
Sub-Industry
Investment Companies
Sector
Financials

Valuation

SRTG Valuation Metrics

1,490

IDR

Closing Price on 2024-04-05

Price to Equity

-1.54

P/E

At -1.54x P/E TTM, SRTG.JK is trading at a discount to its peers in the Holding & Investment Companies sector.

Price to Book

0.42

P/B

At 0.42x P/B TTM, SRTG.JK is trading at a discount to its peers in the Holding & Investment Companies sector.

Price to Sales

-1.47

P/S

At -1.47x P/S TTM, SRTG.JK is trading at a discount to its peers in the Holding & Investment Companies sector.

Valuing PT Saratoga Investama Sedaya Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Holding & Investment Companies sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Saratoga Investama Sedaya Tbk. relative to other stocks in the Holding & Investment Companies sector

Price/Cash Flow
14.04x
Price/Forward Earnings
9.01x
Enterprise Value/Revenue
-1.48x
Enterprise Value/EBITDA
-1.45x
PEG Ratio
0.03x

Analyst Ratings

40
60
80
0
100

87.5

Undervalued

Fairly Valued

Overvalued

Valuation Recap of SRTG 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 -1.54x is below the ID market average of 8.22x and is trading at a discount to peers in the Holding & Investment Companies sector (6.59x). ●●
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 0.42x is below the peers average of 0.97x in the Holding & Investment Companies 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 -1.47x is below the peers average of 3.28x in the Holding & Investment Companies sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SRTG's valuation relative to its current sales and future earnings growth. SRTG trades at a Forward P/E ratio of 9.01x, 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. SRTG's P/CF ratio of 14.04x is considered a relatively high ratio 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. SRTG's EV/R ratio of -1.48x is considered extremely underpriced by the market The average EV/R ratio for the Holding & Investment Companies sector is 1.26x. ●●●
Max 3

Peers

SRTG 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
BBCAPT Bank Central Asia Tbk.1,211.18T1,381.45T 98.47T 48.20T 25.135.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk851.97T1,851.96T 175.51T 56.01T 15.212.78
BMRIPT Bank Mandiri (Persero) Tbk637.00T2,007.16T 135.73T 49.58T 12.852.62
BBNIPT Bank Negara Indonesia (Persero) Tbk197.25T1,086.66T 61.51T 20.91T 9.431.31
BRISPT Bank Syariah Indonesia Tbk124.55T319.85T 19.34T 5.26T 23.703.35
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.64.54T20.17T 1.41T 0.95T 68.095.07
MEGABank Mega Tbk60.47T132.12T 7.81T 3.51T 17.222.78
BNGAPT Bank CIMB Niaga Tbk52.37T329.13T 18.53T 6.10T 8.581.11
CASAPT Capital Financial Indonesia Tbk28.60T32.74T 9.09T 0.02T 1258.203.81
Competitiveness Recap of SRTG stock
WeightNotesScore
High
At a market cap of IDR 20,239.12 billion, SRTG.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of -1.54, SRTG.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 26.31 (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 Financials. In this regard, it trails behind sector leaders such as PT Sinar Mas Multiartha Tbk (84.38) in the Financials sector.
Max 2
Medium
At a PE of -1.54, SRTG.JK is trading at a lower PE than that of its subsector peers in Holding & Investment Companies (median of 6.59). 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 13.80 trillion, SRTG.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of -IDR 13.14 trillion, SRTG.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of SRTG

Growth Forecasts

SRTG 2024 Revenue Growth
-52.2%
SRTG 2024 EPS Growth
-51.0%
Sector Revenue Growth
-52.2%
Holding & Investment Companies
Indonesia Market Growth
+12.0%
IDX overall growth
Holding & Investment Companies Sector Revenue Growth '24
-52.2%
Financials Sector Revenue Growth '24
+32.2%

Sector Benchmark

Holding & Investment Companies companies in Indonesia are shrinking at a projected rate of -52.20% against the IDX average of +12.0%.

Holding & Investment Companies sector overview

SRTG Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of SRTG
WeightNotesScore
High
SRTG's projected growth rate of -52.20% is below the ID market average of 11.98%.●●
Max 3
High
The Holding & Investment Companies sub-sector is projected to shrink revenue by -52.20% in 2024. This number is lower than the previous year 2023's growth rate of -46.20%. false
Max 3
Medium
The Holding & Investment Companies sub-sector is projected to decrease earnings by -51.03% in 2024. This number is lower than the previous year 2023's EPS growth of -36.22%. false
Max 3
Medium
SRTG and its peers in the Holding & Investment Companies sub-sector belongs to the Financials sector. Companies in the Financials sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 75.53% in 2024 while revenue growth is projected to increase by 32.25%. These macroeconomic trends will likely be a tailwind for SRTG's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Michael W.P. Soeryadjaya15.2 years
Lany Djuwita Wong
Director
Devin Wirawan
Director
NamePositionShares%
Devin WirawanDirector6,419,9000.05
Edwin SoeryadayaCommissioner4,734,127,09034.9
Lany DjuwitaDirector4,901,9000.04
Michael Wp. SoeryadjayaDirector4,914,3000.04
Expressed in millions IDR, unless otherwise stated

Ownership

SRTG Ownership

Others
10.58%
Insiders
89.3%
Institutions
0.12%
NameNumber of SharesOwnership (%)Value
Edwin Soeryadaya4,734,127,09034.97,053.85B
Pt Unitras Pertama4,438,610,00032.726,613.53B
Sandiaga Salahuddin Uno2,917,827,14521.514,347.56B
Public (Scripless)1,429,695,66510.542,130.25B
Treasury Stock28,339,0000.2142.23B
Devin Wirawan6,419,9000.059.57B
Michael Wp. Soeryadjaya4,914,3000.047.32B
Lany Djuwita4,901,9000.047.30B

Largest Institutional Buy

PT Eastspring Investment Indonesia
Bought 31-01-2024
+1,218,900 shares
AXA Investment Managers UK Ltd
Bought 31-01-2024
+715,900 shares
Russell Investments Ireland Limited
Bought 31-01-2024
+622,530 shares

Largest Institutional Sell

Baring Asset Management Ltd
Sold 31-01-2024
-26,945,700 shares
Mackenzie Investments
Sold 31-01-2024
-19,566,690 shares
FIL Fund Management Limited
Sold 31-01-2024
-15,349,015 shares

Institutional Transactions

Tracking institutional transactions buying / selling of SRTG stock