Prima Alloy Steel Universal (IDX:PRAS) - Share price, News & Analysis

PRAS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

PRAS Stock Overview

PT. Prima Alloy Steel Universal Tbk manufactures and sells aluminum alloy wheels in Indonesia.

Rewards

Trading at 89.6% below our estimate of its fair value

Risk Analysis

Earnings have declined by 34.5% per year over past 5 years

Does not have a meaningful market cap (IDR149B)

Prima Alloy Steel Universal Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Prima Alloy Steel Universal
Historical stock prices
Current Share Price	Rp212.00
52 Week High	Rp378.00
52 Week Low	Rp142.00
Beta	-0.091
1 Month Change	-1.85%
3 Month Change	-15.87%
1 Year Change	51.43%
3 Year Change	30.06%
5 Year Change	-4.51%
Change since IPO	401.09%

Shareholder Returns

	PRAS	ID Auto Components	ID Market
7D	-0.9%	0.6%	2.3%
1Y	51.4%	12.4%	17.0%

Return vs Industry: PRAS exceeded the ID Auto Components industry which returned 12.4% over the past year.

Return vs Market: PRAS exceeded the ID Market which returned 17% over the past year.

Price Volatility

Is PRAS's price volatile compared to industry and market?
PRAS volatility
PRAS Average Weekly Movement	6.1%
Auto Components Industry Average Movement	4.6%
Market Average Movement	6.2%
10% most volatile stocks in ID Market	12.0%
10% least volatile stocks in ID Market	2.9%

Stable Share Price: PRAS is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PRAS's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1984	435	Djoko Sutrisno	https://www.panther-wheels.net

PT. Prima Alloy Steel Universal Tbk manufactures and sells aluminum alloy wheels in Indonesia. It also exports its products to Europe, the United States, Africa, Australia, and Asia. The company was founded in 1984 and is based in Sidoarjo, Indonesia.

Prima Alloy Steel Universal Fundamentals Summary

How do Prima Alloy Steel Universal's earnings and revenue compare to its market cap?
PRAS fundamental statistics
Market Cap	Rp148.62b
Earnings (TTM)	-Rp710.08m
Revenue (TTM)	Rp262.06b

0.6x

P/S Ratio

-209.3x

P/E Ratio

Is PRAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRAS income statement (TTM)
Revenue	Rp262.06b
Cost of Revenue	Rp216.65b
Gross Profit	Rp45.41b
Other Expenses	Rp46.12b
Earnings	-Rp710.08m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-1.01
Gross Margin	17.33%
Net Profit Margin	-0.27%
Debt/Equity Ratio	171.4%

How did PRAS perform over the long term?

See historical performance and comparison

Valuation

Is Prima Alloy Steel Universal undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: PRAS (IDR212) is trading below our estimate of fair value (IDR2034.15)

Significantly Below Fair Value: PRAS is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: PRAS is unprofitable, so we can't compare its Price-To-Earnings Ratio to the ID Auto Components industry average.

PE vs Market: PRAS is unprofitable, so we can't compare its Price-To-Earnings Ratio to the ID market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRAS's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: PRAS is good value based on its Price-To-Book Ratio (0.3x) compared to the ID Auto Components industry average (0.8x).

Future Growth

How is Prima Alloy Steel Universal 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

24.0%

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 Prima Alloy Steel Universal 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 Prima Alloy Steel Universal performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

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

-34.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRAS is currently unprofitable.

Growing Profit Margin: PRAS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PRAS is unprofitable, and losses have increased over the past 5 years at a rate of 34.5% per year.

Accelerating Growth: Unable to compare PRAS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRAS is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (75.4%).

Return on Equity

High ROE: PRAS has a negative Return on Equity (-0.15%), as it is currently unprofitable.

Financial Health

How is Prima Alloy Steel Universal's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PRAS's short term assets (IDR439.7B) exceed its short term liabilities (IDR237.5B).

Long Term Liabilities: PRAS's short term assets (IDR439.7B) do not cover its long term liabilities (IDR913.0B).

Debt to Equity History and Analysis

Debt Level: PRAS's net debt to equity ratio (171%) is considered high.

Reducing Debt: PRAS's debt to equity ratio has increased from 99% to 171.4% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PRAS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PRAS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.4% per year.

Dividend

What is Prima Alloy Steel Universal 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 PRAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRAS'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 PRAS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRAS'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 PRAS has not reported any payouts.

Discover strong dividend paying companies

Management

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

11.3yrs

Average board tenure

CEO

Djoko Sutrisno (74 yo)

38.33yrs

Tenure

Mr. Djoko Sutrisno has been the President Director at Prima Alloy Steel Universal PT since 1984.

Board Members

Experienced Board: PRAS's board of directors are seasoned and experienced ( 11.3 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: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31