PT Chandra Asri Pacific Tbk

Overview

TPIA Overview

PT Chandra Asri Petrochemical Tbk is an Indonesia-based integrated petrochemical company that is primarily producing olefins and polyolefins. The Company's segment includes Olefins (Ethylene, Propylene, Pyrolysis Gasoline, Mixed C4 and naptha), Polyolefins (Polyethylene and Polypropylene), Styrene Monomer, Methyl Tert-butyl Ether (MTBE) and Butene-1 (B1), Butadiene, Tanks and Jetty Rental, and Sales of electricity and other electrical services (Electricity). Its Olefins products (Ethylene, Propylene) and its by-products (Py-Gas, Mixed C4 and PFO) are produced from the Naphtha Cracker plant. It distributes Ethylene, Propylene by pipeline to its customers and ships Py-Gas and PFO to its customers. The Company's Polyolefins offers Polyethylene resin under the Asrene brand, which covers high-density polyethylene (HDPE) and Linear low-density polyethylene (LLDPE) products. Polypropylene resin is sold under the trademark brand Trilene, which includes Homopolymer, Random Copolymer and others.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TPIA

Development
Market Cap.
IDR 837.00Trillion
#3 in Indonesia

~$51.39B USD

Industry
Chemicals
Sub-Industry
Basic Chemicals
Sector
Basic Materials
Sub-Sector

Valuation

TPIA Valuation Metrics

9,675

IDR
-0.5%

Closing Price on 2024-07-18

Price to Equity

-711.92

P/E

At -711.92x P/E TTM, TPIA.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

19.44

P/B

At 19.44x P/B TTM, TPIA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Price to Sales

25.41

P/S

At 25.41x P/S TTM, TPIA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.8x).

Valuing PT Chandra Asri Pacific Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Basic Materials sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Chandra Asri Pacific Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow586.34x
Price/Forward Earnings594.29x
Enterprise Value/Revenue25.46x
Enterprise Value/EBITDA1998.45x
PEG Ratio1.40x
Valuation Recap of TPIA 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. Unfortunately, the P/E ratio for TPIA is negative, commonly seen in companies that are still in the growth phase and have not yet turned a profit. Sometimes, negative P/E ratios can occur due to one-time write-offs or accounting adjustments that affect earnings temporarily. However, sustained negative earnings usually reflect ongoing operational losses.

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 19.44x is above the peers average of 0.76x in the Basic Materials sector. TPIA trades at a higher P/B ratio than >75% of its peers in the Basic Materials 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 25.41x is above the peers average of 0.78x in the Basic Materials sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TPIA's valuation relative to its current sales and future earnings growth. TPIA trades at a Forward P/E ratio of 594.29x, which is considered richly valued by analysts.

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. TPIA's P/CF ratio of 586.34x is considered a relatively high ratio 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. TPIA's EV/R ratio of 25.46x is considered a relatively high ratio. The average EV/R ratio for the Basic Materials sector is 1.12x.

Peers

TPIA 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
TPIAPT Chandra Asri Pacific Tbk837.00T85.40T 32.94T -1.18T -711.9219.44
AMMNPT Amman Mineral Internasional Tbk.815.83T156.74T 23.23T 4.99T 163.6110.99
BRPTBarito Pacific Tbk101.21T159.72T 42.22T 0.17T 584.883.73
MBMAPT Merdeka Battery Materials Tbk69.12T52.49T 16.68T 0.14T 505.682.83
MDKAPT Merdeka Copper Gold Tbk.59.06T78.26T 31.60T -0.59T -100.333.86
NCKLPT Trimegah Bangun Persada Tbk.59.00T48.39T 19.65T 3.88T 15.222.37
INKPIndah Kiat Pulp & Paper Tbk46.50T164.67T 49.97T 6.33T 7.340.48
INCOVale Indonesia Tbk40.37T45.32T 19.09T 4.25T 9.501.02
ANTMAneka Tambang Tbk.33.04T41.21T 38.08T 1.65T 19.991.07
AVIAPT Avia Avian Tbk30.71T11.47T 7.14T 1.67T 18.373.02
Competitiveness Recap of TPIA stock
WeightNotesScore
High
At a market cap of IDR 836,998.80 billion, TPIA.JK ranks 1 in Market Cap out of 10 companies in the Basic Materials sector.

High
At a PE of -711.92, TPIA.JK ranks 10 out of 10 companies in the Basic Materials sector for P/E value. The average PE is 51.24 (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 Basic Materials. In this regard, it trails behind sector leaders such as Barito Pacific Tbk (584.88) in the Basic Materials sector.

Medium
At a PE of -711.92, TPIA.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 7.85). 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 32.94 trillion, TPIA.JK ranks 4 in Revenue out of 10 companies in the Basic Materials sector.

Medium
At a profit of -IDR 1.18 trillion, TPIA.JK ranks 10 in Profit out of 10 companies in the Basic Materials sector.

Future

Future Growth of TPIA

Growth Forecasts

Analyst Ratings

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

Strong Sell

Strong Buy

0.0%

Buy

0.0%

Hold

0.0%

Sell

0.0%

Strong Sell

100.0%

Last Update: 2024-07-10

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 16.97% against the IDX average of +13.8%.

Basic Materials sector overview

TPIA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of TPIA
WeightNotesScore
High
TPIA's projected growth rate of 16.97% is above the ID market average of 13.82%.

High
The Basic Materials sub-sector is projected to grow revenue by 18.61% in 2025. This number is higher than the previous year 2024's growth rate of 14.76%. This bodes well for TPIA's revenue growth prospects in the next 2 years.

Medium
The Basic Materials sub-sector is projected to decrease earnings by -164.25% in 2025. This number is lower than the previous year 2024's EPS growth of -94.82%. false

Medium
TPIA and its peers in the Basic Materials sub-sector belongs to the Basic Materials sector. Companies in the Basic Materials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -164.25% in 2025 while revenue growth is projected to increase by 18.61%. These macroeconomic trends will likely be a headwind for TPIA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of TPIA

Oscillators

Neutral

Sell

1

Neutral

9

Buy

1

Summary

Buy

Sell

4

Neutral

10

Buy

12

Moving Averages

Strong Buy

Sell

3

Neutral

1

Buy

11

Summary

Technical Ratings of TPIA
IndicatorSummarySellNeutralBuy
SummaryBuy41012
OscillatorsNeutral191
Moving AveragesStrong Buy3111

Last Update: 2024-07-19

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Management

Executive Management

President Director

Erwin Ciputra15.2 years

Vice President Director

Pholavit Thiebpattama15.4 years
Andre Khor Kah HinDirector
Prapote StianpapongDirector
Fransiskus Ruly AryawanDirector
SuryandiDirector
Sarayuth VoraprauekjaruDirector
Petch NiyomsenDirector
Anawat ChansaksoongDirector
Suwit WiwattanawanichDirector
Phuping TaweesarpDirector
Boedijono HadipoespitoDirector
Edi Riva'IDirector
Raymond BudhinDirector
NamePositionShares%Stock Value
(in Billion IDR)
Baritono Prajogo PangestuVice President Director229,600< 0.012.22B
Edi Riva'IDirector10,000< 0.010.10B
Erwin CiputraPresident Director139,099,3720.161,345.79B
Fransiskus Ruly AryawanDirector400,212< 0.013.87B
Lim Chong ThianCommissioner1,182,568< 0.0111.44B

Ownership

TPIA Ownership

NameNumber of SharesOwnership (%)Value
Pt Barito Pacific Tbk29,957,670,40034.63289,840.46B
Scg Chemicals Public Company Limited26,446,618,92430.57255,871.04B
Pt Top Investment Indonesia12,976,731,76015125,549.88B
Public (Scripless)9,220,818,77210.6689,211.42B
Prajogo Pangestu4,377,679,7645.0642,354.05B
Marigold Resources Pte Ltd3,387,243,7203.9232,771.58B
Erwin Ciputra139,099,3720.161,345.79B

Largest Institutional Buy

PT Eastspring Investment Indonesia
Bought 31-01-2024
+1,377,200 shares
Xact Kapitalförvaltning AB
Bought 31-01-2024
+184,400 shares
Legal & General Investment Management Ltd.
Bought 31-01-2024
+98,600 shares

Largest Institutional Sell

Länsförsäkringar Fondförvaltning AB
Sold 31-01-2024
-4,716,600 shares
BlackRock Investment Management (UK) Ltd.
Sold 31-01-2024
-4,000,300 shares
WisdomTree Asset Management Inc
Sold 31-01-2024
-3,829,800 shares

Institutional Transactions

Tracking institutional transactions buying / selling of TPIA stock

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

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

ESG Risk Rating

10
20
30
40
0
100

17.3

Low Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Chemicals Peers

1st rank = lowest risk

17

/ 609 peers worldwide

Global ESG Risk Ranking

3,177

/ 16,216 all companies worldwide

Top Material ESG Issues

  • Carbon - Own Operations
  • E&S Impact of Products and Services
  • Corporate Governance
  • Resource Use

Last Full Update: 2023-09-07

Last Update: 2024-05-23

Source: Sustainalytics, Inc.

TPIA Filings

Informasi insider trading Raymond dalam PT Chandra Asri Pacific Tbk

142/LGC-DOC/CAP/VII/2024 - 10-07-2024 16:07 - Kategori Direksi - Raymond dengan status kontrol Bukan Pengendali dalam saham PT Chandra Asri Pacific Tbk berubah dari 1.750.000 menjadi 1.780.000 dengan tujuan lainnya

July 10, 2024

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