PT King Tire Indonesia Tbk.

tyre

Overview

TYRE Overview

PT King Tire Indonesia Tbk is engaged in the manufacturing of tubes and tires. The Company provides motorcycle (M/C) tires and inner tubes. The Company’s segments include Tire and Tube. It offers M/C tire brands including Kingland Genuine, Kingland Premium, Kingland Axcero, and Kingland Atlantis. Its Kingland Genuine offers King Tiger CRT-001, King Tiger, King Shark, AT 888, Car Inner Tire Kingland, and King Alligator. Its Kingland Premium offers King Jaguar RTX-5, King Jaguar RTX-2, and King Anaconda ATX-7. Its Kingland Axcero offers King Axcero CTX 001, King Axcero CTX 007, King Vellox CTX-5, and King Vellox CTX-2. Its Kingland Atlantis offers AT 888, AT 1023, AT 1079, AT 1064, AT 1171, and AT 2015. The Company's subsidiary is PT United Kingland.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TYRE

Development
Market Cap.
IDR 413.89Billion

~$26.10M USD

Industry
Auto Components
Sub-Industry
Tires
Sector
Consumer Cyclicals

Valuation

TYRE Valuation Metrics

119

IDR

Closing Price on 2024-04-05

Price to Equity

25.03

P/E

At 25.03x P/E TTM, TYRE.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 6.9x).

Price to Book

1.42

P/B

At 1.42x P/B TTM, TYRE.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 0.8x).

Price to Sales

1.55

P/S

At 1.55x P/S TTM, TYRE.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 0.9x).

Valuing PT King Tire Indonesia Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Automobiles & Components sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT King Tire Indonesia Tbk. relative to other stocks in the Automobiles & Components sector

Price/Cash Flow
-
Price/Forward Earnings
-
Enterprise Value/Revenue
1.74x
Enterprise Value/EBITDA
14.60x
PEG Ratio
-

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1192024-04-05
IDR 36.86

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TYRE is IDR37, which is 68% lower than TYRE's last closing price of IDR119 (as of 2024-04-05).

Valuation Recap of TYRE 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 25.03x is above the ID market average of 8.22x and is trading at a premium to peers in the Automobiles & Components sector (6.92x). In fact, less than 25% of its peers trade at a higher P/E ratio than TYRE.
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 1.42x is above the peers average of 0.83x in the Automobiles & Components 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 1.55x is above the peers average of 0.92x in the Automobiles & Components sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TYRE's valuation relative to its current sales and future earnings growth.
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. TYRE's EV/R ratio of 1.74x is considered fairly underpriced by the market The average EV/R ratio for the Automobiles & Components sector is 0.93x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TYRE is IDR 36.86, which is 68% lower than TYRE's last closing price of IDR 119.00.
Max 3

Peers

TYRE 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
MASAMultistrada Arah Sarana Tbk54.91T7.51T 7.08T 0.87T 62.989.41
FILMPT MD Pictures Tbk.45.84T1.71T 0.35T 0.09T 495.5928.31
MSINPT MNC Digital Entertainment Tbk35.19T6.80T 2.97T 0.21T 171.186.14
MAPIMitra Adiperkasa Tbk31.26T24.58T 32.43T 2.10T 14.873.27
MAPAPT MAP Aktif Adiperkasa Tbk.28.93T9.24T 12.56T 1.41T 20.545.44
CNMAPT Nusantara Sejahtera Raya Tbk19.84T7.08T 0.88T -0.02T -811.294.46
ACESAce Hardware Indonesia Tbk16.26T7.43T 7.36T 0.80T 20.372.78
SMSMSelamat Sempurna Tbk11.20T4.52T 5.01T 0.90T 12.393.57
TRIOTrikomsel Oke Tbk11.08T0.09T 0.68T -0.11T -99.53-3.05
AUTOAstra Otoparts Tbk10.65T19.79T 19.17T 1.81T 5.900.83
Competitiveness Recap of TYRE stock
WeightNotesScore
High
At a market cap of IDR 413.89 billion, TYRE.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of 25.03, TYRE.JK ranks 4 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -8.79 (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 Cyclicals. In this regard, it trails behind sector leaders such as PT MD Pictures Tbk. (495.59) in the Consumer Cyclicals sector.
Max 2
Medium
At a PE of 25.03, TYRE.JK is trading at a higher PE than that of its subsector peers in Automobiles & Components (median of 6.92). false●●
Max 2
Medium
At a revenue of IDR 0.27 trillion, TYRE.JK ranks 10 in Revenue out of 10 companies in the Consumer Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.02 trillion, TYRE.JK ranks 8 in Profit out of 10 companies in the Consumer Cyclicals sector.
Max 2

Future

Future Growth of TYRE

Growth Forecasts

No data available

Sector Benchmark

Automobiles & Components companies in Indonesia are growing at a projected rate of 1.21% against the IDX average of +12.0%.

Automobiles & Components sector overview
No data is available for TYRE at the moment.
Future growth prospect of TYRE
WeightNotesScore
High
TYRE's projected growth rate of 1.21% is below the ID market average of 11.98%.●●●
Max 3
High
The Automobiles & Components sub-sector is projected to grow revenue by 13.89% in 2024. This number is higher than the previous year 2023's growth rate of 0.77%. This bodes well for TYRE's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Automobiles & Components sub-sector is projected to increase earnings by 43.74% in 2024. This number is higher than the previous year 2023's EPS growth of 32.27%. This bodes well for TYRE's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
TYRE and its peers in the Automobiles & Components sub-sector belongs to the Consumer Cyclicals sector. Companies in the Consumer Cyclicals sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 21.68% in 2024 while revenue growth is projected to increase by 33.11%. These macroeconomic trends will likely be a tailwind for TYRE's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Harris Muliawan15.2 years
Ferry Chandra Kusuma
Director
Aneka Warna
Director
Habibullah
Director
NamePositionShares%
Harris Muliawan Director1,121,180,00032.24
Indra MuliawanPresident Commissioner554,340,00015.94
Expressed in millions IDR, unless otherwise stated

Ownership

TYRE Ownership

Others
20.13%
Insiders
79.87%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Harris Muliawan 1,121,180,00032.24133.42B
Pt Kingland Investindo Nusantara1,100,000,00031.63130.90B
Public (Scripless)700,000,00020.1283.30B
Indra Muliawan554,340,00015.9465.97B
Public (Scrip)2,500,0000.070.30B
No data is available for TYRE at the moment.