PT Triputra Agro Persada Tbk.

Overview

TAPG Overview

PT Triputra Agro Persada Tbk is an Indonesia-based company that is engaged in oil palm plantations and palm oil processing industry through its subsidiaries and associated company as well as rubber plantation. The Company operates through two segments: palm oil and palm kernel, and rubber. It operates in 23 palm oil plantations and one rubber plantation with 18 palm oil mills, one ribbed smoked sheet (RSS) processing facility, and four subsidiary offices in Jambi and Kalimantan, Indonesia. The Company cultivates approximately 160,000 hectares of palm oil plantation and 1,400 hectares of rubber plantation. The Company's products include crude palm oil (CPO), palm kernel (PK), slab and ribbed smoked sheet. CPO is vegetable edible oil extracted from the flesh (mesocarp) of oil palm (Elaeis guineensis). Slab is a lumpy, latex-based rubber material. Ribbed smoked sheet is a latex or rubber tree sap-based product, which is processed mechanically and chemically and dried through smoking.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TAPG

Main
Market Cap.
IDR 11.51Trillion

~$0.71B USD

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

Valuation

TAPG Valuation Metrics

580

IDR
-1.7%

Closing Price on 2024-07-18

Price to Equity

6.84

P/E

At 6.84x P/E TTM, TAPG.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

1.02

P/B

At 1.02x P/B TTM, TAPG.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Sales

1.39

P/S

At 1.39x P/S TTM, TAPG.JK is trading at a premium to its peers in the Food & Beverage sector (avg 0.9x).

Valuing PT Triputra Agro Persada 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 Triputra Agro Persada Tbk. relative to other stocks in the Food & Beverage sector

Price/Cash Flow6.70x
Price/Forward Earnings-
Enterprise Value/Revenue1.36x
Enterprise Value/EBITDA5.24x
PEG Ratio0.26x

Intrinsic Value

Last closing: IDR5802024-07-18
IDR 1,060.57

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of TAPG is IDR1,061, which is 84% higher than TAPG's last closing price of IDR580 (as of 2024-07-18).

Valuation Recap of TAPG 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 6.84x is below the ID market average of 8.44x and is trading at a discount to peers in the Food & Beverage sector (12.70x).

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 1.02x is similar to the peers average of 1.42x 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 1.39x is above the peers average of 0.87x in the Food & Beverage sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TAPG'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. TAPG's P/CF ratio of 6.70x 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. TAPG's EV/R ratio of 1.36x is considered extremely underpriced by the market. The average EV/R ratio for the Food & Beverage sector is 1.34x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of TAPG is IDR 1,060.57, which is 84% higher than TAPG's last closing price of IDR 580.00.

Peers

TAPG 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 Tbk125.95T123.60T 68.69T 5.39T 23.372.92
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 Tbk89.78T43.54T 62.96T 2.79T 32.193.24
PANIPT Pantai Indah Kapuk Dua Tbk.87.12T34.93T 1.88T 0.21T 409.376.67
HMSPHM Sampoerna Tbk84.91T55.80T 145.09T 10.34T 8.212.64
MYORMayora Indah Tbk57.69T25.92T 31.79T 3.58T 16.123.57
INDFIndofood Sukses Makmur Tbk53.34T198.32T 111.95T 6.75T 7.910.86
CMRYPT Cisarua Mountain Dairy Tbk39.28T7.51T 8.11T 1.33T 29.516.21
ULTJPT Ultrajaya Milk Industry & Trading Company Tbk19.86T7.97T 8.37T 1.22T 16.292.84
Competitiveness Recap of TAPG stock
WeightNotesScore
High
At a market cap of IDR 11,514.45 billion, TAPG.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.

High
At a PE of 6.84, TAPG.JK ranks 10 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 58.96 (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 6.84, TAPG.JK is trading at a lower PE than that of its subsector peers in Food & Beverage (median of 12.70). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 8.31 trillion, TAPG.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.

Medium
At a profit of IDR 1.68 trillion, TAPG.JK ranks 8 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.

Future

Future Growth of TAPG

Growth Forecasts

Analyst Ratings

Based on ratings from 1 analysts for TAPG over the past 3 months.

Strong Buy

Strong Buy

100.0%

Buy

0.0%

Hold

0.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-07-10

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 TAPG at the moment.
Future growth prospect of TAPG
WeightNotesScore
High
TAPG'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 14.19% in 2025. This number is higher than the previous year 2024's growth rate of 4.95%. This bodes well for TAPG's revenue growth prospects in the next 2 years.

Medium
The Food & Beverage sub-sector is projected to increase earnings by 42.54% in 2025. This number is higher than the previous year 2024's EPS growth of 24.83%. This bodes well for TAPG's earnings growth prospects in the next 2 years.

Medium
TAPG 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 31.27% in 2025 while revenue growth is projected to increase by 12.79%. These macroeconomic trends will likely be a tailwind for TAPG's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of TAPG

Oscillators

Neutral

Sell

0

Neutral

10

Buy

1

Summary

Buy

Sell

1

Neutral

11

Buy

14

Moving Averages

Strong Buy

Sell

1

Neutral

1

Buy

13

Summary

Technical Ratings of TAPG
IndicatorSummarySellNeutralBuy
SummaryBuy11114
OscillatorsNeutral0101
Moving AveragesStrong Buy1113

Last Update: 2024-07-19

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Management

Executive Management

President Director

Tjandra Karya Hermanto15.2 years
EridaDirector
Sutedjo HalimDirector
Budiarto AbadiDirector
George OetomoDirector
NamePositionShares%Stock Value
(in Billion IDR)
Arif RachmatPresident Commissioner11,038,7000.066.40B
Budiarto AbadiDirector38,434,0000.1922.29B
EridaDirector19,010,0000.111.03B
George OetomoDirector59,583,2000.334.56B
Tjandra Karya HermantoPresident Director57,417,6000.2933.30B

Ownership

TAPG Ownership

NameNumber of SharesOwnership (%)Value
Pt Persada Capital Investama5,614,162,50528.283,256.21B
Pt Triputra Investindo Arya4,551,425,50022.932,639.83B
Public (Scripless)3,583,889,36818.052,078.66B
Pt Daya Adicipta Mustika3,385,239,12717.051,963.44B
Salween Investment Pte. Ltd.1,462,320,6087.37848.15B
Gochean Holdings Incorporated1,070,019,3925.39620.61B
George Oetomo59,583,2000.334.56B
Tjandra Karya Hermanto57,417,6000.2933.30B
Budiarto Abadi38,434,0000.1922.29B
Erida19,010,0000.111.03B
Arif Rachmat11,038,7000.066.40B

Largest Institutional Buy

Samsung Asset Management Co Ltd
Bought 31-01-2024
+1,280,000 shares
Dimensional Fund Advisors
Bought 31-01-2024
+926,700 shares

Largest Institutional Sell

WisdomTree Asset Management Inc
Sold 31-01-2024
-15,643,800 shares
RAM Active Investments SA
Sold 31-01-2024
-4,407,320 shares
PT Ashmore Asset Management Indonesia Tbk
Sold 31-01-2024
-1,470,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of TAPG stock

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

The ESG Risk Ratings measure TAPG's exposure to industry-specific material ESG risks and how well TAPG is managing those risks.

ESG Risk Rating

10
20
30
40
0
100

29.3

Medium Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Food Products Peers

1st rank = lowest risk

215

/ 646 peers worldwide

Global ESG Risk Ranking

11,092

/ 16,216 all companies worldwide

Last Full Update: 2024-04-25

Last Update: 2024-04-27

Source: Sustainalytics, Inc.

TAPG Filings

No noteworthy filings to report on

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