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BRAM

Indo Kordsa IDX:BRAM Stock Report

Last Price

Rp11.90k

Market Cap

Rp5.4t

7D

0.2%

1Y

139.0%

Updated

19 May, 2022

Data

Company Financials
BRAM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Indo Kordsa
Historical stock prices
Current Share PriceRp11,900.00
52 Week HighRp13,750.00
52 Week LowRp4,900.00
Beta1.39
1 Month Change-0.63%
3 Month Change6.25%
1 Year Change138.96%
3 Year Change44.68%
5 Year Change-20.67%
Change since IPO1,027.37%

Recent News & Updates

Shareholder Returns

BRAMID Auto ComponentsID Market
7D0.2%-4.7%-1.0%
1Y139.0%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

Is BRAM's price volatile compared to industry and market?
BRAM volatility
BRAM Average Weekly Movement8.7%
Auto Components Industry Average Movement4.9%
Market Average Movement6.3%
10% most volatile stocks in ID Market12.2%
10% least volatile stocks in ID Market3.0%

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

FoundedEmployeesCEOWebsite
19811,497Ibrahim Yildirimhttps://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

How do Indo Kordsa's earnings and revenue compare to its market cap?
BRAM fundamental statistics
Market CapUS$363.57m
Earnings (TTM)US$29.43m
Revenue (TTM)US$284.77m

12.4x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRAM income statement (TTM)
RevenueUS$284.77m
Cost of RevenueUS$229.80m
Gross ProfitUS$54.96m
Other ExpensesUS$25.53m
EarningsUS$29.43m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.065
Gross Margin19.30%
Net Profit Margin10.34%
Debt/Equity Ratio13.4%

How did BRAM perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is Indo Kordsa undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation 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

0/6

Future 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

4/6

Past 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

5/6

Financial 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

3/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/19 00:00
End of Day Share Price2022/05/18 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.