PT Cerestar Indonesia Tbk

trgu

Overview

TRGU Overview

PT Cerestar Indonesia Tbk is an Indonesia-based holding company for PT Havestar Flour Mills. The Company is engaged in the production of processed wheat flour products, such as wheat flour for consumption (food and bakery ingredients) and animal feed raw materials (feed ingredients). The Company, through its subsidiaries, has two production lines with a capacity of 500 megatons (MT) each and one production line with a capacity of 600 MT per day, bringing the total capacity to 1,600 MT per day. The Company and its subsidiaries have seven brands of wheat flour products, including Falcon, Seagull, Dragonfly, Bakerstar, Prama, Manta and Starfish. Products with the Falcon trademark consist of various types of wheat flour, each of which has varying protein specifications (from low to high) and is targeted as the main ingredient for the production of bread, noodles, cakes, biscuits, wafers and others. Products with the Dragonfly trademark are low protein all-purpose flour.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TRGU

Development
Market Cap.
IDR 1.55Trillion

~$97.70M USD

Industry
Processed Foods
Sub-Industry
Processed Foods
Sector
Consumer Non-Cyclicals
Sub-Sector

Valuation

TRGU Valuation Metrics

195

IDR

Closing Price on 2024-04-05

Price to Equity

-85.66

P/E

At -85.66x P/E TTM, TRGU.JK is trading at a discount to its peers in the Food & Beverage sector.

Price to Book

1.52

P/B

At 1.52x P/B TTM, TRGU.JK is trading at a premium to its peers in the Food & Beverage sector (avg 1.2x).

Price to Sales

0.31

P/S

At 0.31x P/S TTM, TRGU.JK is trading at a discount to its peers in the Food & Beverage sector.

Valuing PT Cerestar Indonesia 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 Cerestar Indonesia Tbk relative to other stocks in the Food & Beverage sector

Price/Cash Flow
-9.07x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.67x
Enterprise Value/EBITDA
25.21x
PEG Ratio
0.83x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of TRGU 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 -85.66x is below the ID market average of 8.22x and is trading at a discount to peers in the Food & Beverage sector (12.16x). In fact, less than 25% of its peers trade at a lower P/E ratio than TRGU.●●●
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 1.52x 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 0.31x is below 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 TRGU'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. TRGU's P/CF ratio of -9.07x 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. TRGU's EV/R ratio of 0.67x is considered extremely underpriced by the market The average EV/R ratio for the Food & Beverage sector is 1.41x. ●●●
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Peers

TRGU 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 TRGU stock
WeightNotesScore
High
At a market cap of IDR 1,549.35 billion, TRGU.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of -85.66, TRGU.JK ranks 10 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 31.84 (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 -85.66, TRGU.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 4.99 trillion, TRGU.JK ranks 9 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of -IDR 0.02 trillion, TRGU.JK ranks 10 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of TRGU

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

Executive Management

President Director

Indra Irawan15.2 years
Kevin Surya Widjaja
Director
Ooi Eng Hooi
Director
Thong Kok Mun
Director
Low Chee Yin
Director
NamePositionShares%
Hondro WidjajaPresident Commissioner30,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

TRGU Ownership

Others
18.88%
Insiders
81.12%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Sunterra Indonesia6,445,382,70081.121,256.85B
Public (Scripless)1,500,000,00018.88292.50B
No data is available for TRGU at the moment.