Totalindo Eka Persada Valuation

Is TOPS 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 TOPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TOPS. This is calculated by dividing TOPS's market cap by their current revenue.
What is TOPS's PS Ratio?
PS Ratio	0.2x
Sales	Rp174.64b
Market Cap	Rp33.33b

TOPS 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	2.6x
Enterprise Value/EBITDA	-428.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TOPS 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	2.4x
PTDU Djasa Ubersakti	0.5x	n/a	Rp25.5b
TAMA Lancartama Sejati	0.7x	n/a	Rp16.8b
FIMP Fimperkasa Utama	8x	n/a	Rp18.0b
KRYA Bangun Karya Perkasa Jaya	0.4x	n/a	Rp91.5b
TOPS Totalindo Eka Persada	0.2x	n/a	Rp33.3b

Price-To-Sales vs Peers: TOPS is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does TOPS's PS Ratio compare vs other companies in the ID Construction Industry?

14 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.1x	8.8%
TOPS Totalindo Eka Persada	0.2x	n/a	US$2.20m
WIKA Wijaya Karya (Persero)	0.6x	n/a	US$768.65m
WSKT Waskita Karya (Persero)	0.4x	14.8%	US$383.23m

14 Companies		Estimated Growth	Market Cap
Industry Avg.	1.1x	15.4%
TOPS Totalindo Eka Persada	0.2x	n/a	US$2.20m

No more companies

Price-To-Sales vs Industry: TOPS is good value based on its Price-To-Sales Ratio (0.2x) compared to the ID Construction industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is TOPS'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.

TOPS 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 TOPS'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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