PT Siantar Top Tbk

Overview

STTP Overview

PT Siantar Top Tbk is an Indonesia-based snack manufacturing company. The Company is engaged in the manufacturing of snack noodles, crackers, and candy. The Company’s products include biscuits and wafers, coffee, instant noodles, noodle snacks, pellets, snacks, and vermicelli. Its products are marketed both domestically and internationally, especially in Asia. The Company operates through two segments: food processing, and others. The food processing segment focuses on food processing primarily from the sales of rice, crackers, biscuits, wafers and candy. Other segments arise primarily from the sales of flour and seasoning. The Company’s manufacturing plants are located in Sidoarjo (East Java), Medan (North Sumatera), Bekasi (West Java) and Makassar (South Sulawesi).

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: STTP

Development
Market Cap.
IDR 18.60Trillion

~$1.14B USD

Industry
Processed Foods
Sub-Industry
Processed Foods
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

STTP Valuation Metrics

14,200

IDR
0.0%

Closing Price on 2024-07-17

Price to Equity

15.74

P/E

At 15.74x P/E TTM, STTP.JK is trading at a premium to its peers in the Food & Beverage sector (avg 12.3x).

Price to Book

3.50

P/B

At 3.50x P/B TTM, STTP.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.4x).

Price to Sales

3.93

P/S

At 3.93x P/S TTM, STTP.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.9x).

Valuing PT Siantar Top 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 Siantar Top Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow15.92x
Price/Forward Earnings-
Enterprise Value/Revenue-
Enterprise Value/EBITDA-
PEG Ratio0.14x

Intrinsic Value

Last closing: IDR14,2002024-07-17
IDR 1,503.66

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of STTP is IDR1,504, which is 88% lower than STTP's last closing price of IDR14,200 (as of 2024-07-17).

Valuation Recap of STTP 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 15.74x is above the ID market average of 8.32x and is trading at a premium to peers in the Food & Beverage sector (12.31x).

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 3.50x is above the peers average of 1.44x in the Food & Beverage sector. STTP 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 3.93x is above the peers average of 0.88x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of STTP'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. STTP's P/CF ratio of 15.92x is considered a relatively high ratio by analysts.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of STTP is IDR 1,503.66, which is 88% lower than STTP's last closing price of IDR 14,200.00.

Peers

STTP 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 Tbk125.37T123.60T 68.69T 5.39T 23.272.91
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T40.38T 110.10T 3.52T 33.997.83
UNVRUnilever Indonesia Tbk106.82T18.34T 38.09T 4.84T 22.0522.05
CPINCharoen Pokphand Indonesia Tbk91.01T43.54T 62.96T 2.79T 32.643.28
PANIPT Pantai Indah Kapuk Dua Tbk.87.12T34.93T 1.88T 0.21T 409.376.67
HMSPHM Sampoerna Tbk86.66T55.80T 145.09T 10.34T 8.382.70
MYORMayora Indah Tbk58.13T25.92T 31.79T 3.58T 16.243.60
INDFIndofood Sukses Makmur Tbk53.34T198.32T 111.95T 6.75T 7.910.86
CMRYPT Cisarua Mountain Dairy Tbk39.59T7.51T 8.11T 1.33T 29.756.26
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.86T7.97T 8.37T 1.22T 16.292.84
Competitiveness Recap of STTP stock
WeightNotesScore
High
At a market cap of IDR 18,602.00 billion, STTP.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 15.74, STTP.JK ranks 8 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 59.93 (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. (409.37) in the Consumer Non-Cyclicals sector.

Medium
At a PE of 15.74, STTP.JK is trading at a higher PE than that of its subsector peers in Food & Beverage (median of 12.31). false

Medium
At a revenue of IDR 4.73 trillion, STTP.JK ranks 9 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 1.18 trillion, STTP.JK ranks 9 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of STTP

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

Sector Benchmark

Food & Beverage companies in Indonesia are growing at a projected rate of 14.44% against the IDX average of +13.8%.

Food & Beverage sector overview
No data is available for STTP at the moment.
Future growth prospect of STTP
WeightNotesScore
High
STTP's projected growth rate of 14.44% is above the ID market average of 13.82%.

High
The Food & Beverage sub-sector is projected to grow revenue by 14.18% in 2025. This number is higher than the previous year 2024's growth rate of 4.95%. This bodes well for STTP's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 42.57% in 2025. This number is higher than the previous year 2024's EPS growth of 24.82%. This bodes well for STTP's earnings growth prospects in the next 2 years.

Medium
STTP 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 31.23% in 2025 while revenue growth is projected to increase by 12.77%. These macroeconomic trends will likely be a tailwind for STTP's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of STTP

Oscillators

Neutral

Sell

1

Neutral

8

Buy

2

Summary

Strong Buy

Sell

1

Neutral

9

Buy

16

Moving Averages

Strong Buy

Sell

0

Neutral

1

Buy

14

Summary

Technical Ratings of STTP
IndicatorSummarySellNeutralBuy
SummaryStrong Buy1916
OscillatorsNeutral182
Moving AveragesStrong Buy0114

Last Update: 2024-07-19

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Management

Executive Management

President Director

Armin15.2 years
SuwantoDirector
Heng Hok Soei/Shindo SumidomoDirector
NamePositionShares%Stock Value
(in Billion IDR)
Juwita WijayaPresident Commissioner1,145,8000.0916.27B

Ownership

STTP Ownership

NameNumber of SharesOwnership (%)Value
Pt. Shindo Tiara Tunggal743,600,50056.7610,559.13B
Public (Scripless)523,969,700407,440.37B
Shindo Sumidomo40,605,0003.1576.59B
Juwita Wijaya1,145,8000.0916.27B
Public (Scrip)679,0000.059.64B

STTP Filings

No noteworthy filings to report on

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