BST:NIRA

Stock Analysis Report

Executive Summary

PT Nippon Indosari Corpindo Tbk manufactures, sells, and distributes breads in Indonesia and the Philippines.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.

Share Price & News

How has Nippon Indosari Corpindo's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

NIRA

-5.6%

DE Food

2.8%

DE Market


1 Year Return

66.2%

NIRA

-3.8%

DE Food

3.0%

DE Market

Return vs Industry: NIRA exceeded the German Food industry which returned -3.8% over the past year.

Return vs Market: NIRA exceeded the German Market which returned 3% over the past year.


Share holder returns

NIRAIndustryMarket
7 Day0.8%-5.6%2.8%
30 Day-1.8%-7.4%0.2%
90 Day1.5%-10.1%1.3%
1 Year67.9%66.2%-2.2%-3.8%6.2%3.0%
3 Year-30.4%-32.4%-25.3%-30.0%18.2%8.0%
5 Year21.4%16.0%34.1%22.5%43.1%23.6%

Price Volatility Vs. Market

How volatile is Nippon Indosari Corpindo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Nippon Indosari Corpindo undervalued based on future cash flows and its price relative to the stock market?

33.41x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: NIRA (€0.06) is trading above our estimate of fair value (€0.01)

Significantly Undervalued: NIRA is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: NIRA is poor value based on its PE Ratio (33.4x) compared to the Food industry average (23.2x).

PE vs Market: NIRA is poor value based on its PE Ratio (33.4x) compared to the German market (19.7x).


Price Based on Expected Growth

Low PEG Ratio: NIRA is poor value based on its PEG Ratio (2.5x)


Price Based on Value of Assets

PB vs Industry: NIRA is overvalued based on its PB Ratio (2.7x) compared to the DE Food industry average (1.8x).


Next Steps

Future Growth

How is Nippon Indosari Corpindo expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: NIRA's forecast earnings growth (13.1% per year) is above the savings rate (0.2%).

Earnings vs Market: NIRA's earnings (13.1% per year) are forecast to grow faster than the German market (12.8% per year).

High Growth Earnings: NIRA's earnings are forecast to grow, but not significantly.

Revenue vs Market: NIRA's revenue (13.9% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: NIRA's revenue (13.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: NIRA's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Nippon Indosari Corpindo performed over the past 5 years?

-4.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NIRA's earnings have declined by -4.5% per year over the past 5 years.

Accelerating Growth: NIRA's earnings growth over the past year (72%) exceeds its 5-year average (-4.5% per year).

Earnings vs Industry: NIRA earnings growth over the past year (72%) exceeded the Food industry 14.4%.


Return on Equity

High ROE: NIRA's Return on Equity (6.4%) is considered low.


Return on Assets

ROA vs Industry: NIRA has a higher Return on Assets than the Food industry average last year.


Return on Capital Employed

ROCE Improving: NIRA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Nippon Indosari Corpindo's financial position?


Financial Position Analysis

Short Term Liabilities: NIRA's short term assets (€1,732.7B) exceeds its short term liabilities (€1,031.6B)

Long Term Liabilities: NIRA's short term assets (€1,732.7B) exceeds its long term liabilities (€468.8B)


Debt to Equity History and Analysis

Debt Level: NIRA's debt to equity ratio (26.9%) is considered satisfactory

Reducing Debt: NIRA's debt to equity ratio has reduced from 95.8% to 26.9% over the past 5 years.

Debt Coverage: NIRA's debt is well covered by operating cash flow (48.2%).

Interest Coverage: NIRA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: NIRA has a high level of physical assets or inventory.

Debt Coverage by Assets: NIRA's debt is covered by short term assets (assets are 2.214150x debt).


Next Steps

Dividend

What is Nippon Indosari Corpindo's current dividend yield, its reliability and sustainability?

0.70%

Expected Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%1.5%markettop25%3.9%industryaverage2.1%forecastin3Years0.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: NIRA's dividend (0.76%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: NIRA's dividend (0.76%) is low compared to the top 25% of dividend payers in the German market (3.86%).

Stable Dividend: NIRA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NIRA's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.5%), NIRA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NIRA's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Nippon Indosari Corpindo's salary, the management and board of directors tenure and is there insider trading?

9.5yrs

Average management tenure


CEO

Wendy Yap 0

0yrs

Tenure

0

Ms. Sui Cheng Yap, also known as Wendy, is a Co-Owner of Bonlight Investments Limited. Ms. Yap has been the President Director at PT Nippon Indosari Corpindo Tbk since 1998., and served as its Chief Execut ...


Management Age and Tenure

9.5yrs

Average Tenure

Experienced Management: NIRA's management team is seasoned and experienced (9.5 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

61yo

Average Age

Experienced Board: NIRA's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Wendy Yap

    President Director & CEO

    • Tenure: 0yrs
  • Chin Loke

    Business Development Director & Independent Director

    • Tenure: 9.5yrs
  • Kaneyoshi Morita

    Director of Product Development & Technology and Director

    • Tenure: 0yrs
  • Indrayana Jap

    Compliance Director & Director

    • Tenure: 0yrs
  • Simon Ketaren

    Head of Internal Audit

    • Tenure: 7.2yrs
  • Hadi Susilo

    Head of Investor Relations

    • Tenure: 0yrs
  • Arlina Sofia

    Chief HRGA & SCM

    • Tenure: 1.8yrs
  • Maulana Jumantara

    Chief Operating Officer

    • Tenure: 0yrs
  • Sutji Rahardjo

    Chief Financial Officer

    • Tenure: 0yrs
  • Octavianus Geuther

    Head of Legal

    • Tenure: 0yrs

Board Members

  • Benny Santoso (61yo)

    President Commissioner

    • Tenure: 9.8yrs
  • Jaka Prasetya (47yo)

    Commissioner

    • Tenure: 1.8yrs
  • Jusuf Tjondrolukito (78yo)

    Independent Commissioner

    • Tenure: 0yrs
  • Wendy Yap

    President Director & CEO

    • Tenure: 0yrs
  • Chin Loke

    Business Development Director & Independent Director

    • Tenure: 9.5yrs
  • Kaneyoshi Morita

    Director of Product Development & Technology and Director

    • Tenure: 0yrs
  • Indrayana Jap

    Compliance Director & Director

    • Tenure: 0yrs
  • Arlina Sofia

    Chief HRGA & SCM

    • Tenure: 1.8yrs

Company Information

PT Nippon Indosari Corpindo Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Nippon Indosari Corpindo Tbk
  • Ticker: NIRA
  • Exchange: BST
  • Founded: 1995
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: Rp7.817t
  • Listing Market Cap: Rp501.606m
  • Shares outstanding: 6.11b
  • Website: https://www.sariroti.com

Number of Employees


Location

  • PT Nippon Indosari Corpindo Tbk
  • Kawasan Industri MM2100
  • Jl. Selayar Blok A9
  • Bekasi
  • Jawa Barat
  • 17520
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROTIIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDRJun 2010
NIRABST (Boerse-Stuttgart)YesOrdinary SharesDEEURJun 2010

Biography

PT Nippon Indosari Corpindo Tbk manufactures, sells, and distributes breads in Indonesia and the Philippines. It offers white/sliced breads, sweet/filled breads, and cakes under the Sari Roti brand name. T ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 22:54
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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