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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


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

BRAMIndustryMarket
7 Day2.1%-1.2%-0.5%
30 Day7.7%-0.9%-2.7%
90 Day-1.0%5.8%-5.5%
1 Year1.5%-1.6%73.0%68.0%26.3%22.3%
3 Year12.7%-5.3%30.4%20.0%2.3%-5.4%
5 Year34.5%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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 17:09
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.