Indo Kordsa
Market Cap
Rp2.2t
Last Updated
2021/05/10 17:09 UTC
Data Sources
Company Financials
Executive Summary
PT Indo Kordsa Tbk manufactures, markets, and sells tire cord fabrics and yarn filaments in Indonesia, Thailand, Korea, Japan, China, Vietnam, Turkey, Taiwan, Brazil, and internationally. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet second-rate dividend payer.
Share Price & News
How has Indo Kordsa's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BRAM is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: BRAM's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
2.1%
BRAM
-1.2%
ID Auto Components
-0.5%
ID Market
1 Year Return
-1.6%
BRAM
68.0%
ID Auto Components
22.3%
ID Market
Return vs Industry: BRAM underperformed the ID Auto Components industry which returned 68% over the past year.
Return vs Market: BRAM underperformed the ID Market which returned 22.3% over the past year.
Shareholder returns
| BRAM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | -1.2% | -0.5% |
| 30 Day | 7.7% | -0.9% | -2.7% |
| 90 Day | -1.0% | 5.8% | -5.5% |
| 1 Year | 1.5%-1.6% | 73.0%68.0% | 26.3%22.3% |
| 3 Year | 12.7%-5.3% | 30.4%20.0% | 2.3%-5.4% |
| 5 Year | 34.5%8.9% | 57.0%37.2% | 34.1%17.8% |
Long-Term Price Volatility Vs. Market
How volatile is Indo Kordsa's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Indo Kordsa undervalued compared to its fair value and its price relative to the market?
0.8x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: BRAM (IDR4900) is trading above our estimate of fair value (IDR1970)
Significantly Below Fair Value: BRAM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRAM is unprofitable, so we can't compare its PE Ratio to the ID Auto Components industry average.
PE vs Market: BRAM is unprofitable, so we can't compare its PE Ratio to the ID market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BRAM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BRAM is overvalued based on its PB Ratio (0.8x) compared to the ID Auto Components industry average (0.7x).
Future Growth
How is Indo Kordsa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
27.0%
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Indo Kordsa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Indo Kordsa performed over the past 5 years?
-17.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRAM is currently unprofitable.
Growing Profit Margin: BRAM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BRAM is unprofitable, and losses have increased over the past 5 years at a rate of 17.4% per year.
Accelerating Growth: Unable to compare BRAM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BRAM is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-24.5%).
Return on Equity
High ROE: BRAM has a negative Return on Equity (-1.94%), as it is currently unprofitable.
Financial Health
How is Indo Kordsa's financial position?
Financial Position Analysis
Short Term Liabilities: BRAM's short term assets ($93.3M) exceed its short term liabilities ($36.4M).
Long Term Liabilities: BRAM's short term assets ($93.3M) exceed its long term liabilities ($18.8M).
Debt to Equity History and Analysis
Debt Level: BRAM's debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: BRAM's debt to equity ratio has reduced from 37.7% to 8.5% over the past 5 years.
Debt Coverage: BRAM's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: Insufficient data to determine if BRAM's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Indo Kordsa current dividend yield, its reliability and sustainability?
7.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRAM's dividend (7.78%) is higher than the bottom 25% of dividend payers in the ID market (1.15%).
High Dividend: BRAM's dividend (7.78%) is in the top 25% of dividend payers in the ID market (4.83%)
Stability and Growth of Payments
Stable Dividend: BRAM's dividend payments have been volatile in the past 10 years.
Growing Dividend: BRAM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: BRAM is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Ibrahim Yildirim (49 yo)
1.33yrs
Tenure
Mr. Ibrahim Ozgur Yildirim serves as President Director at PT Indo Kordsa Tbk since 2020 and served as Commissioner since June 8, 2016 until 2020. He started his professional career at Rafine Chemicals in ...
Leadership Team
Experienced Management: BRAM's management team is considered experienced (2.9 years average tenure).
Board Members
Experienced Board: BRAM's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PT Indo Kordsa Tbk's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PT Indo Kordsa Tbk
- Ticker: BRAM
- Exchange: IDX
- Founded: 1981
- Industry: Tires and Rubber
- Sector: Automobiles
- Market Cap: Rp2.205t
- Shares outstanding: 450.00m
- Website: https://www.indokordsa.com
Number of Employees
Location
- PT Indo Kordsa Tbk
- Jalan Pahlawan
- Desa Karang Asem Timur
- Bogor
- Jawa Barat
- 16810
- Indonesia
Listings
Biography
PT Indo Kordsa Tbk manufactures, markets, and sells tire cord fabrics and yarn filaments in Indonesia, Thailand, Korea, Japan, China, Vietnam, Turkey, Taiwan, Brazil, and internationally. The company offer...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/10 17:09 |
| End of Day Share Price | 2021/05/10 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.