Dharma Polimetal (IDX:DRMA) - Share price, News & Analysis

DRMA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

DRMA Stock Overview

PT Dharma Polimetal Tbk, through its subsidiaries, manufactures and sells automotive components for motorcycles and cars in Indonesia.

Rewards

PE ratio (7.4x) is below the ID market (18.5x)

Earnings are forecast to grow 7.15% per year

Earnings grew by 317.1% over the past year

Risk Analysis

High level of non-cash earnings

Dharma Polimetal Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dharma Polimetal
Historical stock prices
Current Share Price	Rp570.00
52 Week High	Rp730.00
52 Week Low	Rp466.00
Beta	0
1 Month Change	-11.63%
3 Month Change	-7.32%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	14.92%

Shareholder Returns

	DRMA	ID Auto Components	ID Market
7D	2.7%	-0.3%	3.3%
1Y	n/a	13.2%	18.2%

Return vs Industry: Insufficient data to determine how DRMA performed against the ID Auto Components industry.

Return vs Market: Insufficient data to determine how DRMA performed against the ID Market.

Price Volatility

Is DRMA's price volatile compared to industry and market?
DRMA volatility
DRMA Average Weekly Movement	7.3%
Auto Components Industry Average Movement	4.8%
Market Average Movement	6.2%
10% most volatile stocks in ID Market	12.0%
10% least volatile stocks in ID Market	3.0%

Stable Share Price: DRMA is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: Insufficient data to determine DRMA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1989	1,673	Irianto Santoso	https://www.dharmagroup.co.id

PT Dharma Polimetal Tbk, through its subsidiaries, manufactures and sells automotive components for motorcycles and cars in Indonesia. The company offers metal-based, plastic injection, and cable control automotive components, as well as wiring harness, various battery, and automotive parking products. Its products portfolio includes grabrails, frame bodies, side stands, main stands, swing arms, steering handles, mufflers, arm cushions; powerace boxes, powerace max, and powerace fire rescue boxes; member approns, body lower back outers, pp members, and body lower back inners; and fasteners and folding bikes.

Dharma Polimetal Fundamentals Summary

How do Dharma Polimetal's earnings and revenue compare to its market cap?
DRMA fundamental statistics
Market Cap	Rp2.68t
Earnings (TTM)	Rp364.82b
Revenue (TTM)	Rp3.15t

7.4x

P/E Ratio

0.9x

P/S Ratio

Is DRMA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DRMA income statement (TTM)
Revenue	Rp3.15t
Cost of Revenue	Rp2.68t
Gross Profit	Rp474.37b
Other Expenses	Rp109.55b
Earnings	Rp364.82b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	77.53
Gross Margin	15.04%
Net Profit Margin	11.57%
Debt/Equity Ratio	49.3%

How did DRMA perform over the long term?

See historical performance and comparison

Valuation

Is Dharma Polimetal 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

7.35x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DRMA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate DRMA's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: DRMA is good value based on its PE Ratio (7.4x) compared to the ID Auto Components industry average (12.3x).

PE vs Market: DRMA is good value based on its PE Ratio (7.4x) compared to the ID market (18.5x).

Price to Earnings Growth Ratio

PEG Ratio: DRMA is poor value based on its PEG Ratio (1x)

Price to Book Ratio

PB vs Industry: DRMA is overvalued based on its PB Ratio (2.3x) compared to the ID Auto Components industry average (0.8x).

Future Growth

How is Dharma Polimetal forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

7.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRMA's forecast earnings growth (7.2% per year) is above the savings rate (7%).

Earnings vs Market: DRMA's earnings (7.2% per year) are forecast to grow slower than the ID market (10.9% per year).

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

Revenue vs Market: DRMA's revenue (10.1% per year) is forecast to grow slower than the ID market (11.3% per year).

High Growth Revenue: DRMA's revenue (10.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DRMA's Return on Equity is forecast to be high in 3 years time (22.5%)

Past Performance

How has Dharma Polimetal performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

31.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DRMA has a high level of non-cash earnings.

Growing Profit Margin: DRMA's current net profit margins (11.6%) are higher than last year (4.2%).

Past Earnings Growth Analysis

Earnings Trend: DRMA's earnings have grown significantly by 31.7% per year over the past 5 years.

Accelerating Growth: DRMA's earnings growth over the past year (317.1%) exceeds its 5-year average (31.7% per year).

Earnings vs Industry: DRMA earnings growth over the past year (317.1%) exceeded the Auto Components industry 75.4%.

Return on Equity

High ROE: DRMA's Return on Equity (30.8%) is considered high.

Financial Health

How is Dharma Polimetal'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: DRMA's short term assets (IDR1,512.1B) exceed its short term liabilities (IDR1,074.9B).

Long Term Liabilities: DRMA's short term assets (IDR1,512.1B) exceed its long term liabilities (IDR330.7B).

Debt to Equity History and Analysis

Debt Level: DRMA's net debt to equity ratio (12.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if DRMA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: DRMA's debt is well covered by operating cash flow (46.5%).

Interest Coverage: DRMA's interest payments on its debt are well covered by EBIT (6.6x coverage).

Balance Sheet

Dividend

What is Dharma Polimetal current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate DRMA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DRMA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DRMA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DRMA's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DRMA has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure

CEO

Irianto Santoso (59 yo)

13.33yrs

Tenure

Mr. Irianto Santoso serves as President Director of PT Dharma Polimetal since 2009 and serves as its Director since 1998. Production Process Engineer, PT Gaya Motor (Member of Astra Group) (1987-1990); Eng...

Leadership Team

Experienced Management: DRMA's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: DRMA's board of directors are considered experienced (9.3 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: DRMA only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31