PT Triputra Agro Persada Tbk.

tapg

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 12.41Trillion

~$0.78B USD

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

Valuation

TAPG Valuation Metrics

620

IDR

Closing Price on 2024-04-05

Price to Equity

7.11

P/E

At 7.11x P/E TTM, TAPG.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

1.20

P/B

At 1.20x P/B TTM, TAPG.JK is trading in line with its peers in the Food & Beverage sector.

Price to Sales

1.44

P/S

At 1.44x 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 Flow
7.87x
Price/Forward Earnings
-
Enterprise Value/Revenue
1.52x
Enterprise Value/EBITDA
5.73x
PEG Ratio
0.52x

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR6202024-04-05
IDR 950.71

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of TAPG is IDR951, which is 54% higher than TAPG's last closing price of IDR620 (as of 2024-04-05).

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 7.11x is below the ID market average of 8.22x and is trading at a discount to 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 1.20x is similar to 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 1.44x 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 TAPG'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. TAPG's P/CF ratio of 7.87x is considered healthy 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. TAPG's EV/R ratio of 1.52x is considered fairly underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.41x.
Max 3
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of TAPG is IDR 950.71, which is 54% higher than TAPG's last closing price of IDR 620.00.●●●
Max 3

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 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 TAPG stock
WeightNotesScore
High
At a market cap of IDR 12,413.76 billion, TAPG.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of 7.11, TAPG.JK ranks 9 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 41.11 (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 7.11, TAPG.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 8.64 trillion, TAPG.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of IDR 1.75 trillion, TAPG.JK ranks 8 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of TAPG

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

Executive Management

President Director

Tjandra Karya Hermanto15.2 years
Erida
Director
Sutedjo Halim
Director
Budiarto Abadi
Director
George Oetomo
Director
NamePositionShares%
Arif RachmatPresident Commissioner3,636,0000.02
Budiarto AbadiDirector33,378,1000.17
George OetomoDirector53,404,9000.27
Tjandra Karya HermantoPresident Director48,106,7000.24
Expressed in millions IDR, unless otherwise stated

Ownership

TAPG Ownership

Others
12.45%
Insiders
86.67%
Institutions
0.88%
NameNumber of SharesOwnership (%)Value
Pt Persada Capital Investama4,614,300,00023.242,860.87B
Pt Triputra Investindo Arya4,551,425,50022.932,821.88B
Salween Investment Pte. Ltd.2,957,360,00014.91,833.56B
Pt Daya Adicipta Mustika2,782,340,00014.011,725.05B
Public2,644,608,80013.321,639.66B
Gochean Holdings Incorporated2,163,980,00010.91,341.67B
George Oetomo53,404,9000.2733.11B
Tjandra Karya Hermanto48,106,7000.2429.83B
Budiarto Abadi33,378,1000.1720.69B
Arif Rachmat3,636,0000.022.25B

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