Kobexindo Tractors Valuation

Is KOBX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KOBX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KOBX (IDR193) is trading above our estimate of fair value (IDR120.45)

Significantly Below Fair Value: KOBX is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KOBX?

Key metric: As KOBX is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for KOBX. This is calculated by dividing KOBX's market cap by their current revenue.
What is KOBX's PS Ratio?
PS Ratio	0.2x
Sales	Rp2.04t
Market Cap	Rp438.59b

KOBX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	15.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does KOBX's PS Ratio compare to its peers?

The above table shows the PS ratio for KOBX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.9x
BMSR Bintang Mitra Semestaraya	0.1x	n/a	Rp377.9b
TIRA Tira Austenite	1x	n/a	Rp274.0b
SMGA Sumber Mineral Global Abadi	0.9x	n/a	Rp647.5b
SMLE Sinergi Multi Lestarindo	1.6x	n/a	Rp325.9b
KOBX Kobexindo Tractors	0.2x	n/a	Rp438.6b

Price-To-Sales vs Peers: KOBX is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does KOBX's PS Ratio compare vs other companies in the ID Trade Distributors Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
BMSR Bintang Mitra Semestaraya	0.1x	n/a	US$23.81m
OKAS Ancora Indonesia Resources	0.09x	n/a	US$17.05m
KOIN Kokoh Inti Arebama	0.02x	n/a	US$4.33m
INTA Intraco Penta	0.04x	n/a	US$2.74m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: KOBX is good value based on its Price-To-Sales Ratio (0.2x) compared to the ID Trade Distributors industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is KOBX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KOBX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate KOBX's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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