PT Sunindo Pratama Tbk

Overview

SUNI Overview

PT Sunindo Pratama Tbk is an Indonesia-based oil and gas company. The Company is primarily engaged in the steel pipe industry. The Company’s products range from supplying Oil Country Tubular Goods (OCTG) with seamless and Electrical Resistance Welding (ERW) Tubing and Casing, Drill Pipe, Line Pipe, Drill bit (PDC Bit and Tricone Bit), Wellhead and Christmas Tree, Packers, Variable Speed Drive (VSD), Oilfield related chemical and Valves. The Company is also engaged in providing services, including, Drill Pipe rental, Wellhead and Christmas Tree on-site service, Workover Barges and Supporting Vessels, ENMAX Corrosion Preventive Removal System (CPRS), Organic Binder Absorption for Universal Applications (OILEX), Enhance Oil Recovery (EOR) services, such as polymer flooding, zonal water injection, and other EOR technology. The Company’s subsidiary is PT Rainbow Tubulars Manufacture.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SUNI

Main
Market Cap.
IDR 1.31Trillion

~$80.59M USD

Industry
Oil, Gas & Coal Supports
Sub-Industry
Oil, Gas & Coal Equipment & Services
Sector
Energy
Sub-Sector

Valuation

SUNI Valuation Metrics

525

IDR
+5.0%

Closing Price on 2024-07-19

Price to Equity

13.76

P/E

At 13.76x P/E TTM, SUNI.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 8.0x).

Price to Book

2.38

P/B

At 2.38x P/B TTM, SUNI.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 1.0x).

Price to Sales

2.17

P/S

At 2.17x P/S TTM, SUNI.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 1.0x).

Valuing PT Sunindo Pratama Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Oil, Gas & Coal sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Sunindo Pratama Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow-10.26x
Price/Forward Earnings-
Enterprise Value/Revenue2.08x
Enterprise Value/EBITDA9.15x
PEG Ratio-

Intrinsic Value

Last closing: IDR5252024-07-19
IDR 350.37

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SUNI is IDR350, which is 32% lower than SUNI's last closing price of IDR525 (as of 2024-07-19).

Valuation Recap of SUNI 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 13.76x is above the ID market average of 8.44x and is trading at a premium to peers in the Oil, Gas & Coal sector (8.03x).

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 2.38x is above the peers average of 1.02x in the Oil, Gas & Coal sector. SUNI trades at a higher P/B ratio than >75% of its peers in the Oil, Gas & Coal 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 2.17x is above the peers average of 1.02x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SUNI'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. SUNI's P/CF ratio of -10.26x 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. SUNI's EV/R ratio of 2.08x is considered fairly underpriced by the market. The average EV/R ratio for the Oil, Gas & Coal sector is 1.25x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of SUNI is IDR 350.37, which is 32% lower than SUNI's last closing price of IDR 525.00.

Peers

SUNI 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
BYANBayan Resources Tbk598.33T45.36T 51.05T 15.92T 37.5818.00
DSSADian Swastatika Sentosa Tbk178.77T47.45T 77.68T 6.60T 27.088.34
CUANPT Petrindo Jaya Kreasi Tbk99.49T18.56T 2.56T 0.67T 149.6043.96
ADROAdaro Energy Indonesia Tbk95.73T166.36T 94.74T 24.11T 3.970.84
ADMRPT Adaro Minerals Indonesia Tbk54.99T28.33T 17.40T 7.33T 7.503.17
GEMSGolden Energy Mines Tbk49.85T21.54T 43.09T 7.17T 6.953.80
TCPIPT Transcoal Pacific Tbk.39.75T3.80T 1.87T 0.19T 210.0519.73
PGASPT Perusahaan Gas Negara Tbk.39.15T106.94T 56.76T 4.88T 8.030.88
MEDCPT Medco Energi Internasional Tbk32.16T120.36T 25.84T 3.62T 8.881.06
PTROPetrosea Tbk8.40T11.30T 9.39T 0.14T 58.962.26
Competitiveness Recap of SUNI stock
WeightNotesScore
High
At a market cap of IDR 1,312.50 billion, SUNI.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.

High
At a PE of 13.76, SUNI.JK ranks 5 out of 10 companies in the Energy sector for P/E value. The average PE is 47.34 (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 Energy. In this regard, it trails behind sector leaders such as PT Transcoal Pacific Tbk. (210.05) in the Energy sector.

Medium
At a PE of 13.76, SUNI.JK is trading at a higher PE than that of its subsector peers in Oil, Gas & Coal (median of 8.03). false

Medium
At a revenue of IDR 0.61 trillion, SUNI.JK ranks 10 in Revenue out of 10 companies in the Energy sector.

Medium
At a profit of IDR 0.10 trillion, SUNI.JK ranks 10 in Profit out of 10 companies in the Energy sector.

Future

Future Growth of SUNI

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.70% against the IDX average of +13.8%.

Oil, Gas & Coal sector overview
No data is available for SUNI at the moment.
Future growth prospect of SUNI
WeightNotesScore
High
SUNI's projected growth rate of -9.70% is below the ID market average of 13.82%.

High
The Oil, Gas & Coal sub-sector is projected to shrink revenue by -3.01% in 2025. This number is lower than the previous year 2024's growth rate of -1.38%. false

Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -19.26% in 2025. This number is lower than the previous year 2024's EPS growth of -10.88%. false

Medium
SUNI and its peers in the Oil, Gas & Coal sub-sector belongs to the Energy sector. Companies in the Energy sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -19.26% in 2025 while revenue growth is projected to decrease by -3.01%. These macroeconomic trends will likely be a headwind for SUNI's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of SUNI

Oscillators

Buy

Sell

0

Neutral

8

Buy

3

Summary

Strong Buy

Sell

1

Neutral

9

Buy

16

Moving Averages

Strong Buy

Sell

1

Neutral

1

Buy

13

Summary

Technical Ratings of SUNI
IndicatorSummarySellNeutralBuy
SummaryStrong Buy1916
OscillatorsBuy083
Moving AveragesStrong Buy1113

Last Update: 2024-07-19

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Management

Executive Management

President Director

Willy Johan Chandra15.2 years
Bambang PrihandonoDirector
Freddy SoejandyDirector
NamePositionShares%Stock Value
(in Billion IDR)
Soe To Tie LinPresident Commissioner1,615,000,00064.6847.88B
Willy Johan ChandraPresident Director285,000,00011.4149.63B

Ownership

SUNI Ownership

NameNumber of SharesOwnership (%)Value
Soe To Tie Lin1,615,000,00064.6847.88B
Public (Scripless)600,000,00024315.00B
Willy Johan Chandra285,000,00011.4149.63B

SUNI Filings

No noteworthy filings to report on

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