PT Sawit Sumbermas Sarana Tbk.

ssms

+0.51%

Overview

SSMS Overview

PT Sawit Sumbermas Sarana Tbk is an Indonesia-based palm oil company. The Company principally operates in various activities, such as agriculture, trade, and industry. It manages an integrated business across over 23 oil palm estates, all concentrated in Central Kalimantan, Indonesia. The Company manages a total of approximately 116,029 hectares (ha) of palm oil plantation area (both nucleus and plasma), of which about 81.485 ha was already planted with mature plants, consisting of approximately 69,236 ha of the planted nucleus and over 12,248 ha of planted plasma area. It manages eight palm oil mill processing (PKS) and one palm kernel mill processing, namely PKS Suayap, PKS Sulung, PKS Selangkun, PKS Natai, PKS Melata, PKS Nangga Kiu, PKS Sumber Cahaya and PKS Kanamit, and one biogas plant. The Company offers products from seed to shelf, including fresh fruit bunches, crude palm oil, and palm kernel.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SSMS

Main
Market Cap.
IDR 9.48Trillion

~$581.94M USD

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

Valuation

SSMS Valuation Metrics

995

IDR
+0.5%

Closing Price on 2024-06-14

Price to Equity

17.32

P/E

At 17.32x P/E TTM, SSMS.JK is trading at a premium to its peers in the Food & Beverage sector (avg 11.9x).

Price to Book

4.65

P/B

At 4.65x P/B TTM, SSMS.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.4x).

Price to Sales

0.79

P/S

At 0.79x P/S TTM, SSMS.JK is trading in line with its peers in the Food & Beverage sector.

Valuing PT Sawit Sumbermas Sarana 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 Sawit Sumbermas Sarana Tbk. relative to other stocks in the Food & Beverage sector

Price/Cash Flow
11.26x
Price/Forward Earnings
18.09x
Enterprise Value/Revenue
1.33x
Enterprise Value/EBITDA
11.91x
PEG Ratio
1.20x

Analyst Ratings

40
60
80
0
100

100.0

Recommended

Neutral

Not Recommended

Last closing: IDR9952024-06-14
IDR 1,306.28

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SSMS is IDR1,306, which is 32% higher than SSMS's last closing price of IDR995 (as of 2024-06-14).

Valuation Recap of SSMS 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 17.32x is above the ID market average of 8.07x and is trading at a premium to peers in the Food & Beverage sector (11.94x).

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 4.65x is above the peers average of 1.37x in the Food & Beverage sector. SSMS trades at a higher P/B ratio than >75% of its peers in the Food & Beverage sector.

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 0.79x is similar to the peers average of 0.91x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SSMS's valuation relative to its current sales and future earnings growth. SSMS trades at a Forward P/E ratio of 18.09x, which is considered richly valued by analysts.

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. SSMS's P/CF ratio of 11.26x is considered a relatively high ratio 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. SSMS's EV/R ratio of 1.33x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.33x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of SSMS is IDR 1,306.28, which is 32% higher than SSMS's last closing price of IDR 995.00.

Peers

SSMS 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 Tbk122.45T123.60T 68.69T 5.39T 22.732.84
UNVRUnilever Indonesia Tbk122.08T18.34T 38.09T 4.84T 25.2025.20
AMRTPT Sumber Alfaria Trijaya Tbk.112.95T40.38T 110.10T 3.52T 32.107.40
CPINCharoen Pokphand Indonesia Tbk81.93T43.54T 62.96T 2.79T 29.382.96
HMSPHM Sampoerna Tbk79.10T55.80T 145.09T 10.34T 7.652.46
PANIPT Pantai Indah Kapuk Dua Tbk.76.26T34.93T 1.88T 0.21T 358.335.84
MYORMayora Indah Tbk53.44T25.92T 31.79T 3.58T 14.933.31
INDFIndofood Sukses Makmur Tbk53.34T198.32T 111.95T 6.75T 7.910.86
CMRYPT Cisarua Mountain Dairy Tbk40.32T7.51T 8.11T 1.33T 30.306.37
FAPAPT FAP Agri Tbk19.24T8.41T 4.94T 0.06T 318.495.03
Competitiveness Recap of SSMS stock
WeightNotesScore
High
At a market cap of IDR 9,477.37 billion, SSMS.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 17.32, SSMS.JK ranks 7 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 54.58 (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. (358.33) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 17.32, SSMS.JK is trading at a higher PE than that of its subsector peers in Food & Beverage (median of 11.94). false

Medium
At a revenue of IDR 11.96 trillion, SSMS.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 0.55 trillion, SSMS.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of SSMS

Growth Forecasts

SSMS 2024 Revenue Growth
-52.4%
SSMS 2024 EPS Growth
+2.3%
Sector Revenue Growth
+14.8%
Food & Beverage
Indonesia Market Growth
+13.1%
IDX overall growth
Food & Beverage Sector Revenue Growth '24
+6.0%
Food & Beverage Sector Revenue Growth '25
+13.6%
Consumer Non-Cyclicals Sector Revenue Growth '24
+2.4%
Consumer Non-Cyclicals Sector Revenue Growth '25
+12.3%

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 14.84% against the IDX average of +13.1%.

Food & Beverage sector overview

SSMS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of SSMS
WeightNotesScore
High
SSMS's projected growth rate of 14.84% is above the ID market average of 13.14%.

High
The Food & Beverage sub-sector is projected to grow revenue by 13.65% in 2025. This number is higher than the previous year 2024's growth rate of 6.02%. This bodes well for SSMS's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 47.08% in 2025. This number is higher than the previous year 2024's EPS growth of 25.12%. This bodes well for SSMS's earnings growth prospects in the next 2 years.

Medium
SSMS 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 2025. Specifically, earnings are projected to increase by 32.06% in 2025 while revenue growth is projected to increase by 12.25%. These macroeconomic trends will likely be a tailwind for SSMS's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Nasarudin Bin Nasir15.2 years
Jap Hartono
Director
Muhammad Syafril Harahap
Director
NamePositionShares%
Nasarudin Bin NasirPresident Director150,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

SSMS Ownership

NameNumber of SharesOwnership (%)Value
Pt Citra Borneo Indah5,482,020,00457.555,454.61B
Public (Scripless)3,185,299,89833.443,169.37B
Pt Putra Borneo Agro Lestari857,530,0989853.24B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+4,356,426 shares
Russell Investments Ireland Limited
Bought 31-01-2024
+632,800 shares
Dimensional Fund Advisors LP
Bought 31-01-2024
+444,566 shares

Largest Institutional Sell

WisdomTree Asset Management Inc
Sold 31-01-2024
-27,678,378 shares
TIAA Investments
Sold 31-01-2024
-6,939,000 shares
Teachers Advisors LLC
Sold 31-01-2024
-6,889,200 shares

Institutional Transactions

Tracking institutional transactions buying / selling of SSMS stock

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