PT Chandra Asri Petrochemical Tbk

tpia

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 614.23Trillion
#7 in Indonesia

~$38.73B USD

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

Valuation

TPIA Valuation Metrics

7,100

IDR

Closing Price on 2024-04-05

Price to Equity

-667.51

P/E

At -667.51x P/E TTM, TPIA.JK is trading at a discount to its peers in the Basic Materials sector.

Price to Book

14.37

P/B

At 14.37x P/B TTM, TPIA.JK is trading at a premium to its peers in the Basic Materials sector (avg 0.9x).

Price to Sales

19.17

P/S

At 19.17x 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 Petrochemical 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 Petrochemical Tbk relative to other stocks in the Basic Materials sector

Price/Cash Flow
2559.98x
Price/Forward Earnings
445.98x
Enterprise Value/Revenue
19.35x
Enterprise Value/EBITDA
1217.68x
PEG Ratio
-12.14x

Analyst Ratings

40
60
80
0
100

25.0

Undervalued

Fairly Valued

Overvalued

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. A P/E ratio of -667.51x is below the ID market average of 8.22x and is trading at a discount to peers in the Basic Materials sector (8.22x). In fact, less than 25% of its peers trade at a lower P/E ratio than TPIA.●●●
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 14.37x is above the peers average of 0.89x in the Basic Materials sector. TPIA trades at a higher P/B ratio than >75% of its peers in the Basic Materials 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 19.17x is above the peers average of 0.76x 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 445.98x, which is considered richly valued by analysts.
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. TPIA's P/CF ratio of 2559.98x is considered a relatively high ratio 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. TPIA's EV/R ratio of 19.35x is considered a relatively high ratio The average EV/R ratio for the Basic Materials sector is 1.07x.
Max 3

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
AMMNPT Amman Mineral Internasional Tbk.649.04T127.21T 0.00T 0.00T 9.75
TPIAPT Chandra Asri Petrochemical Tbk614.23T77.45T 32.03T -0.92T -667.5114.37
BRPTBarito Pacific Tbk94.03T146.77T 41.15T 0.38T 244.683.78
MDKAPT Merdeka Copper Gold Tbk.63.00T72.67T 21.67T -0.52T -122.324.38
MBMAPT Merdeka Battery Materials Tbk62.64T0.00T 0.00T 0.00T
NCKLPT Trimegah Bangun Persada Tbk.56.79T45.09T 8.99T 2.04T 27.892.56
INKPIndah Kiat Pulp & Paper Tbk52.38T155.79T 56.29T 8.11T 6.460.57
ANTMAneka Tambang Tbk.41.01T35.50T 43.15T 4.04T 10.141.67
INCOVale Indonesia Tbk40.74T44.35T 18.96T 3.84T 10.601.05
SMGRSemen Indonesia (Persero) Tbk38.31T81.68T 38.76T 2.43T 15.770.90
Competitiveness Recap of TPIA stock
WeightNotesScore
High
At a market cap of IDR 614,231.66 billion, TPIA.JK ranks 2 in Market Cap out of 10 companies in the Basic Materials sector.●●
Max 2
High
At a PE of -667.51, TPIA.JK ranks 10 out of 10 companies in the Basic Materials sector for P/E value. The average PE is -47.43 (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 (244.68) in the Basic Materials sector.
Max 2
Medium
At a PE of -667.51, TPIA.JK is trading at a lower PE than that of its subsector peers in Basic Materials (median of 8.22). 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 32.03 trillion, TPIA.JK ranks 5 in Revenue out of 10 companies in the Basic Materials sector.
Max 2
Medium
At a profit of -IDR 0.92 trillion, TPIA.JK ranks 10 in Profit out of 10 companies in the Basic Materials sector.
Max 2

Future

Future Growth of TPIA

Growth Forecasts

TPIA 2024 Revenue Growth
+3.4%
TPIA 2024 EPS Growth
-147.2%
Sector Revenue Growth
+1.8%
Basic Materials
Indonesia Market Growth
+12.0%
IDX overall growth
Basic Materials Sector Revenue Growth '24
+19.2%
Basic Materials Sector Revenue Growth '24
+19.2%

Sector Benchmark

Basic Materials companies in Indonesia are growing at a projected rate of 1.84% against the IDX average of +12.0%.

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 1.84% is below the ID market average of 11.98%.●●●
Max 3
High
The Basic Materials sub-sector is projected to grow revenue by 19.16% in 2024. This number is higher than the previous year 2023's growth rate of 1.18%. This bodes well for TPIA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Basic Materials sub-sector is projected to decrease earnings by -97.81% in 2024. This number is higher than the previous year 2023's EPS growth of -104.18%. false
Max 3
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 2024. Specifically, earnings are projected to decrease by -97.81% in 2024 while revenue growth is projected to increase by 19.16%. These macroeconomic trends will likely be a tailwind for TPIA's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Erwin Ciputra15.2 years

Vice President Director

Pholavit Thiebpattama15.4 years
Andre Khor Kah Hin
Director
Prapote Stianpapong
Director
Fransiskus Ruly Aryawan
Director
Suryandi
Director
Sarayuth Voraprauekjaru
Director
Petch Niyomsen
Director
Nattapong Tumsaroj
Director
Suwit Wiwattanawanich
Director
Phuping Taweesarp
Director
Boedijono Hadipoespito
Director
Edi Riva'I
Director
Raymond Budhin
Director
NamePositionShares%
Baritono Prajogo PangestuVice President Director229,600< 0.01
Edi Riva'IDirector10,000< 0.01
Erwin CiputraPresident Director137,730,7720.16
Fransiskus Ruly AryawanDirector400,212< 0.01
Lim Chong ThianCommissioner1,182,568< 0.01
RaymondDirector1,320,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

TPIA Ownership

NameNumber of SharesOwnership (%)Value
Pt Barito Pacific Tbk29,957,670,40034.63212,699.46B
Scg Chemicals Public Company Limited26,446,618,92430.57187,770.99B
Pt Top Investment Indonesia12,976,731,7601592,134.80B
Public (Scripless)6,864,597,3727.9448,738.64B
Prajogo Pangestu6,735,679,7647.7847,823.33B
Marigold Resources Pte Ltd3,387,243,7203.9224,049.43B
Erwin Ciputra137,730,7720.16977.89B

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