Tira Austenite (IDX:TIRA) - Share price, News & Analysis

TIRA fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

TIRA Stock Overview

PT Tira Austenite Tbk engages in the trading and distribution of technical products primarily in Indonesia.

Risk Analysis

Does not have a meaningful market cap (IDR250B)

Tira Austenite Competitors

Arita Prima Indonesia

IDX:APII

Rp206.5b

Agro Yasa Lestari

IDX:AYLS

Rp134.8b

Berkah Prima Perkasa

IDX:BLUE

Rp118.7b

Ancora Indonesia Resources

IDX:OKAS

Rp139.5b

Price History & Performance

Summary of all time highs, changes and price drops for Tira Austenite
Historical stock prices
Current Share Price	Rp426.00
52 Week High	Rp545.00
52 Week Low	Rp284.00
Beta	0.21
1 Month Change	0.47%
3 Month Change	13.30%
1 Year Change	23.12%
3 Year Change	99.07%
5 Year Change	57.78%
Change since IPO	38.70%

Shareholder Returns

	TIRA	ID Trade Distributors	ID Market
7D	0.9%	-3.4%	1.4%
1Y	23.1%	91.6%	12.9%

Return vs Industry: TIRA underperformed the ID Trade Distributors industry which returned 91.6% over the past year.

Return vs Market: TIRA exceeded the ID Market which returned 12.9% over the past year.

Price Volatility

Is TIRA's price volatile compared to industry and market?
TIRA volatility
TIRA Average Weekly Movement	6.5%
Trade Distributors Industry Average Movement	6.5%
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: TIRA is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

Founded	Employees	CEO	Website
1971	355	Selo Winardi	https://www.tiraaustenite.com

PT Tira Austenite Tbk engages in the trading and distribution of technical products primarily in Indonesia. It operates through three segments: Trading and Distribution of Technical Products; Welding and Molding; and Distribution of Industrial Gases. The company sells various steel products, including machinery steel used for the making of shaft, gear, and other machine parts; and stainless and tool steel products, as well as wear resistant steel products for heavy equipment, liner plate, crusher, and other applications.

Tira Austenite Fundamentals Summary

How do Tira Austenite's earnings and revenue compare to its market cap?
TIRA fundamental statistics
Market Cap	Rp250.49b
Earnings (TTM)	-Rp881.73m
Revenue (TTM)	Rp263.77b

0.9x

P/S Ratio

-284.1x

P/E Ratio

Is TIRA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TIRA income statement (TTM)
Revenue	Rp263.77b
Cost of Revenue	Rp174.06b
Gross Profit	Rp89.71b
Other Expenses	Rp90.59b
Earnings	-Rp881.73m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.50
Gross Margin	34.01%
Net Profit Margin	-0.33%
Debt/Equity Ratio	61.2%

How did TIRA perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TIRA. This is calculated by dividing TIRA's market cap by their current preferred multiple.
What is TIRA's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	Rp250.49b

TIRA 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	1.3x
Enterprise Value/EBITDA	19.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

TIRA PS Ratio vs Peers

The above table shows the PS ratio for TIRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	6.4x
APII Arita Prima Indonesia	0.8x	n/a	Rp206.5b
AYLS Agro Yasa Lestari	23.8x	n/a	Rp134.8b
BLUE Berkah Prima Perkasa	1x	n/a	Rp118.7b
OKAS Ancora Indonesia Resources	0.08x	n/a	Rp139.5b
TIRA Tira Austenite	0.9x	n/a	Rp250.5b

Price-To-Sales vs Peers: TIRA is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (6.4x).

Price to Earnings Ratio vs Industry

How does TIRA's PE Ratio compare vs other companies in the Asian Trade Distributors Industry?

Price-To-Sales vs Industry: TIRA is expensive based on its Price-To-Sales Ratio (0.9x) compared to the ID Trade Distributors industry average (0.8x)

Price to Sales Ratio vs Fair Ratio

What is TIRA'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.

TIRA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.9x
Fair PS Ratio	n/a

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

Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate TIRA's fair value 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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Future Growth

How is Tira Austenite 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

9.4%

Forecasted Capital Goods 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 Tira Austenite 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.

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Take a look at our analysis of TIRA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Tira Austenite 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

31.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TIRA is currently unprofitable.

Growing Profit Margin: TIRA is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: TIRA is unprofitable, but has reduced losses over the past 5 years at a rate of 31.7% per year.

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

Earnings vs Industry: TIRA is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (115.2%).

Return on Equity

High ROE: TIRA has a negative Return on Equity (-0.53%), as it is currently unprofitable.

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Financial Health

How is Tira Austenite's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

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

Financial Position Analysis

Short Term Liabilities: TIRA's short term assets (IDR179.8B) exceed its short term liabilities (IDR144.1B).

Long Term Liabilities: TIRA's short term assets (IDR179.8B) exceed its long term liabilities (IDR45.9B).

Debt to Equity History and Analysis

Debt Level: TIRA's net debt to equity ratio (56%) is considered high.

Reducing Debt: TIRA's debt to equity ratio has increased from 41.2% to 61.2% 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: Insufficient data to determine if TIRA has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TIRA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Dividend

What is Tira Austenite 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
Cash Flow Coverage

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

Earnings Coverage: TIRA is not paying a notable dividend for the ID market.

Cash Payout to Shareholders

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

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Management

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

13.2yrs

Average board tenure

CEO

Selo Winardi

no data

Tenure

Mr. Selo Winardi has been the President Director at PT Tira Austenite Tbk since December 11, 2008. Mr. Wirnadi once worked as an Auditor in State Financial Control Directorate (DJPKN) of the Ministry of F...

Board Members

Experienced Board: TIRA's board of directors are seasoned and experienced ( 13.2 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	2022/08/03 00:00
End of Day Share Price	2022/08/01 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31