| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
BRAM Stock Overview
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.
Indo Kordsa Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | Rp11,900.00 |
| 52 Week High | Rp13,750.00 |
| 52 Week Low | Rp4,900.00 |
| Beta | 1.39 |
| 1 Month Change | -0.63% |
| 3 Month Change | 6.25% |
| 1 Year Change | 138.96% |
| 3 Year Change | 44.68% |
| 5 Year Change | -20.67% |
| Change since IPO | 1,027.37% |
Recent News & Updates
Shareholder Returns
| BRAM | ID Auto Components | ID Market | |
|---|---|---|---|
| 7D | 0.2% | -4.7% | -1.0% |
| 1Y | 139.0% | 12.9% | 18.2% |
Return vs Industry: BRAM exceeded the ID Auto Components industry which returned 12.9% over the past year.
Return vs Market: BRAM exceeded the ID Market which returned 18.2% over the past year.
Price Volatility
| BRAM volatility | |
|---|---|
| BRAM Average Weekly Movement | 8.7% |
| Auto Components Industry Average Movement | 4.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in ID Market | 12.2% |
| 10% least volatile stocks in ID Market | 3.0% |
Stable Share Price: BRAM is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: BRAM's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 1,497 | Ibrahim Yildirim | https://www.indokordsa.com |
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 offers nylon, polyester, and rayon fibers; fiber industrial yarns; and polyester raw materials. Its products are used to produce cord fabrics, which lend strength and flexibility to tires.
Indo Kordsa Fundamentals Summary
| BRAM fundamental statistics | |
|---|---|
| Market Cap | US$363.57m |
| Earnings (TTM) | US$29.43m |
| Revenue (TTM) | US$284.77m |
12.4x
P/E Ratio1.3x
P/S RatioIs BRAM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BRAM income statement (TTM) | |
|---|---|
| Revenue | US$284.77m |
| Cost of Revenue | US$229.80m |
| Gross Profit | US$54.96m |
| Other Expenses | US$25.53m |
| Earnings | US$29.43m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.065 |
| Gross Margin | 19.30% |
| Net Profit Margin | 10.34% |
| Debt/Equity Ratio | 13.4% |
How did BRAM perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield65%
Payout RatioValuation
Is Indo Kordsa undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
12.35x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BRAM (IDR11900) is trading above our estimate of fair value (IDR2284.84)
Significantly Below Fair Value: BRAM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRAM is good value based on its PE Ratio (12.4x) compared to the ID Auto Components industry average (12.6x).
PE vs Market: BRAM is good value based on its PE Ratio (12.4x) compared to the ID market (18.9x).
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 (1.8x) compared to the ID Auto Components industry average (0.8x).
Future Growth
How is Indo Kordsa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
24.2%
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?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-14.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRAM has high quality earnings.
Growing Profit Margin: BRAM's current net profit margins (10.3%) are higher than last year (0.1%).
Past Earnings Growth Analysis
Earnings Trend: BRAM's earnings have declined by 14.4% per year over the past 5 years.
Accelerating Growth: BRAM's earnings growth over the past year (11581.9%) exceeds its 5-year average (-14.4% per year).
Earnings vs Industry: BRAM earnings growth over the past year (11581.9%) exceeded the Auto Components industry 75.4%.
Return on Equity
High ROE: BRAM's Return on Equity (14.3%) is considered low.
Financial Health
How is Indo Kordsa's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: BRAM's short term assets ($146.5M) exceed its short term liabilities ($72.8M).
Long Term Liabilities: BRAM's short term assets ($146.5M) exceed its long term liabilities ($16.9M).
Debt to Equity History and Analysis
Debt Level: BRAM's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: BRAM's debt to equity ratio has reduced from 21.3% to 13.4% over the past 5 years.
Debt Coverage: BRAM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BRAM's interest payments on its debt are well covered by EBIT (46.3x coverage).
Balance Sheet
Dividend
What is Indo Kordsa current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.36%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRAM's dividend (3.36%) is higher than the bottom 25% of dividend payers in the ID market (1.12%).
High Dividend: BRAM's dividend (3.36%) is low compared to the top 25% of dividend payers in the ID market (4.1%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (65.3%), BRAM's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: BRAM is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Ibrahim Yildirim (51 yo)
2.33yrs
Tenure
Mr. Ibrahim Ozgur Yildirim has been President Director at PT Indo Kordsa Tbk since 2020. He serves as Chief Executive officer at Kordsa Teknik Tekstil A.S. since April 01, 2022 and served as its Chief Oper...
Leadership Team
Experienced Management: BRAM's management team is considered experienced (3.9 years average tenure).
Board Members
Experienced Board: BRAM's board of directors are considered experienced (4.4 years average tenure).
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 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
- Implied Market Cap: Rp5.355t
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/19 00:00 |
| End of Day Share Price | 2022/05/18 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.