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ESTI

Ever Shine Tex IDX:ESTI Stock Report

Last Price

Rp70.00

Market Cap

Rp141.1b

7D

-9.1%

1Y

-49.6%

Updated

04 Oct, 2022

Data

Company Financials
ESTI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health2/6
Dividends4/6

ESTI Stock Overview

PT Ever Shine Tex Tbk, together with its subsidiaries, manufactures and sells synthetic yarns and fabric products in Indonesia.

Ever Shine Tex Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ever Shine Tex
Historical stock prices
Current Share PriceRp70.00
52 Week HighRp196.00
52 Week LowRp69.00
Beta0.39
1 Month Change-17.65%
3 Month Change-38.60%
1 Year Change-49.64%
3 Year Change-27.83%
5 Year Change-31.37%
Change since IPO-83.14%

Recent News & Updates

Shareholder Returns

ESTIID LuxuryID Market
7D-9.1%-1.7%-1.5%
1Y-49.6%11.3%9.1%

Return vs Industry: ESTI underperformed the ID Luxury industry which returned 11.3% over the past year.

Return vs Market: ESTI underperformed the ID Market which returned 9.1% over the past year.

Price Volatility

Is ESTI's price volatile compared to industry and market?
ESTI volatility
ESTI Average Weekly Movement5.7%
Luxury Industry Average Movement5.3%
Market Average Movement5.4%
10% most volatile stocks in ID Market11.6%
10% least volatile stocks in ID Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
1973907Sung Manhttps://www.evershinetex.com

PT Ever Shine Tex Tbk, together with its subsidiaries, manufactures and sells synthetic yarns and fabric products in Indonesia. It offers nylon yarns, including filament, air textured, micro, high stretch, dope dyed black/white, mélange, and special yarns, as well as polyester high stretch and air textured yarns. The company also provides nylon, polyester, and nylon/polyester blended woven fabrics, as well as warp knitting fabrics for garment and lifestyle industries.

Ever Shine Tex Fundamentals Summary

How do Ever Shine Tex's earnings and revenue compare to its market cap?
ESTI fundamental statistics
Market CapRp141.06b
Earnings (TTM)Rp19.04b
Revenue (TTM)Rp472.79b

7.5x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ESTI income statement (TTM)
RevenueUS$30.95m
Cost of RevenueUS$25.67m
Gross ProfitUS$5.28m
Other ExpensesUS$4.04m
EarningsUS$1.25m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.00061
Gross Margin17.07%
Net Profit Margin4.03%
Debt/Equity Ratio223.4%

How did ESTI perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 ESTI?

Other financial metrics that can be useful for relative valuation.

ESTI 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/Revenue1.3x
Enterprise Value/EBITDA9.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ESTI's PE Ratio compare to its peers?

ESTI PE Ratio vs Peers
The above table shows the PE ratio for ESTI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37x
POLY Asia Pacific Fibers
0.7xn/aRp179.7b
INOV Inocycle Technology Group
7.6xn/aRp274.8b
SSTM Sunson Textile Manufacturer
120.6xn/aRp895.7b
TFCO Tifico Fiber Indonesia
18.4xn/aRp3.3t
ESTI Ever Shine Tex
7.5xn/aRp141.1b

Price-To-Earnings vs Peers: ESTI is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (37x).


Price to Earnings Ratio vs Industry

How does ESTI's PE Ratio compare vs other companies in the Asian Luxury Industry?

Price-To-Earnings vs Industry: ESTI is good value based on its Price-To-Earnings Ratio (7.5x) compared to the Asian Luxury industry average (12.9x)


Price to Earnings Ratio vs Fair Ratio

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

ESTI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: ESTI (IDR70) is trading above our estimate of fair value (IDR13.7)

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


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 Ever Shine Tex 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


20.6%

Forecasted Consumer Durables 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 Ever Shine Tex 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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Past Performance

How has Ever Shine Tex 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


26.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ESTI has high quality earnings.

Growing Profit Margin: ESTI's current net profit margins (4%) are higher than last year (0.01%).


Past Earnings Growth Analysis

Earnings Trend: ESTI has become profitable over the past 5 years, growing earnings by 26.1% per year.

Accelerating Growth: ESTI's earnings growth over the past year (47881.5%) exceeds its 5-year average (26.1% per year).

Earnings vs Industry: ESTI earnings growth over the past year (47881.5%) exceeded the Luxury industry 54%.


Return on Equity

High ROE: ESTI's Return on Equity (8.4%) is considered low.


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Financial Health

How is Ever Shine Tex's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ESTI's short term assets ($25.7M) exceed its short term liabilities ($21.5M).

Long Term Liabilities: ESTI's short term assets ($25.7M) exceed its long term liabilities ($14.8M).


Debt to Equity History and Analysis

Debt Level: ESTI's net debt to equity ratio (222.8%) is considered high.

Reducing Debt: ESTI's debt to equity ratio has increased from 136.9% to 223.4% over the past 5 years.

Debt Coverage: ESTI's debt is not well covered by operating cash flow (6.6%).

Interest Coverage: ESTI's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


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Dividend

What is Ever Shine Tex current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.43%

Current Dividend Yield

Dividend Yield vs Market

Ever Shine Tex Dividend Yield vs Market
How does Ever Shine Tex dividend yield compare to the market?
SegmentDividend Yield
Company (Ever Shine Tex)1.4%
Market Bottom 25% (ID)1.1%
Market Top 25% (ID)4.9%
Industry Average (Luxury)8.3%
Analyst forecast in 3 Years (Ever Shine Tex)n/a

Notable Dividend: ESTI's dividend (1.43%) is higher than the bottom 25% of dividend payers in the ID market (1.14%).

High Dividend: ESTI's dividend (1.43%) is low compared to the top 25% of dividend payers in the ID market (4.89%).


Stability and Growth of Payments

Stable Dividend: ESTI's dividends per share have been stable in the past 10 years.

Growing Dividend: ESTI's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.2%), ESTI's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6.5%), ESTI's dividend payments are thoroughly covered by cash flows.


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Management

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

30.8yrs

Average board tenure


CEO

Sung Man (68 yo)

47.75yrs

Tenure

Mr. Sung Pui Man serves as the President Director of PT Ever Shine Tex Tbk and has been its Director since 1975 and served as its Director of Marketing.


Board Members

Experienced Board: ESTI's board of directors are seasoned and experienced ( 30.8 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

What is the ownership structure of ESTI?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders2,3000.0001%
General Public264,173,06713.1%
Private Companies1,751,033,35386.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 2 shareholders own 86.89% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
86.89%
Pt Cahaya Interkontinental
1,751,033,353$122.6b0%no data
0.00011%
Michael Sung
2,300$161.0k0%no data

Company Information

PT Ever Shine Tex Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Ever Shine Tex Tbk
  • Ticker: ESTI
  • Exchange: IDX
  • Founded: 1973
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: Rp141.065b
  • Shares outstanding: 2.02b
  • Website: https://www.evershinetex.com

Number of Employees


Location

  • PT Ever Shine Tex Tbk
  • Jalan H. Fachruddin No. 16
  • Tanah Abang
  • Jakarta
  • Jakarta Raya
  • 10250
  • Indonesia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESTIIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDRDec 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.