PT Sumber Tani Agung Resources Tbk

staa

Overview

STAA Overview

PT Sumber Tani Agung Resources Tbk is an Indonesia-based oil palm plantation company. The Company and its subsidiaries are engaged in the management and cultivation of oil palm plantations and crude palm oil processing mills and its other derivative products and the selling of the related end products. In addition, it is also engaged in the development and management of plasma plantations cooperation with plasma farmers. Its business operations are located in North Sumatera, South Sumatera, West Kalimantan, Central Kalimantan and Singapore. It manages approximately 15 oil palm plantations situated in North Sumatera, South Sumatera, West Kalimantan and Central Kalimantan. It owns and manages nine palm oil mills, one kernel crushing plant, one solvent extraction plant and one biogas powerplant, operating in North Sumatera, South Sumatera, West Kalimantan and Central Kalimantan. Its subsidiaries include PT Karya Agung Sawita, PT Madina Agrolestari, PT Putra Makmur Lestar and other.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: STAA

Main
Market Cap.
IDR 8.72Trillion

~$555.06M USD

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

Valuation

STAA Valuation Metrics

790

IDR

Closing Price on 2024-04-05

Price to Equity

12.04

P/E

At 12.04x P/E TTM, STAA.JK is trading in line with its peers in the Food & Beverage sector.

Price to Book

2.04

P/B

At 2.04x P/B TTM, STAA.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.2x).

Price to Sales

1.59

P/S

At 1.59x P/S TTM, STAA.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.9x).

Valuing PT Sumber Tani Agung Resources 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 Sumber Tani Agung Resources Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
11.00x
Price/Forward Earnings
-
Enterprise Value/Revenue
1.66x
Enterprise Value/EBITDA
7.59x
PEG Ratio
1.25x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR7902024-04-05
IDR 886.50

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of STAA is IDR886, which is 13% higher than STAA's last closing price of IDR790 (as of 2024-04-05).

Valuation Recap of STAA 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 12.04x is above the ID market average of 8.22x but is trading in a P/E range similar to its 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 2.04x is above the peers average of 1.24x in the Food & Beverage 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 1.59x is above 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 STAA'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. STAA's P/CF ratio of 11.00x 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. STAA's EV/R ratio of 1.66x is considered fairly underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.41x.
Max 3
Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of STAA is IDR 886.50, which is 13% higher than STAA's last closing price of IDR 790.00.●●
Max 3

Peers

STAA 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 STAA stock
WeightNotesScore
High
At a market cap of IDR 8,721.36 billion, STAA.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 12.04, STAA.JK ranks 8 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 41.61 (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 12.04, STAA.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 5.49 trillion, STAA.JK ranks 9 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.72 trillion, STAA.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of STAA

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 STAA at the moment.
Future growth prospect of STAA
WeightNotesScore
High
STAA'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 STAA'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 STAA's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
STAA 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 STAA's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Mosfly Ang15.2 years
Lim Chi Yin
Director
Go Kok Siang
Director
Bie Jan Jusri
Director
NamePositionShares%
Go Kok SiangDirector269,000< 0.01
Lele TanjungCommissioner408,804,1493.75
Mosfly AngPresident Director1,200,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

STAA Ownership

Others
16.72%
Insiders
83.25%
Institutions
0.03%
NameNumber of SharesOwnership (%)Value
Pt Malibu Indah Lestari4,000,610,10636.693,160.48B
Pt Kedaton Perkasa3,147,542,66028.872,486.56B
Public (Scripless)1,825,638,00016.741,442.25B
Gani690,738,0856.34545.68B
Russel Maminta Wijaya517,910,2604.75409.15B
Lele Tanjung408,804,1493.75322.96B
Hardi Mistani310,127,3402.84245.00B
Mosfly Ang1,200,0000.010.95B
Treasury Stock533,0000.010.42B

Largest Institutional Buy

Russell Investments Ireland Limited
Bought 31-01-2024
+731,400 shares

Largest Institutional Sell

Globeflex Capital LP (California)
Sold 31-01-2024
-7,846,600 shares
Flexshares Trust
Sold 31-01-2024
-1,228,800 shares
SEI Investments Management Corp
Sold 31-01-2024
-955,626 shares

Institutional Transactions

Tracking institutional transactions buying / selling of STAA stock