Pan Brothers Valuation

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

Below Fair Value: PBRX (IDR23) is trading above our estimate of fair value (IDR6.98)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PBRX. This is calculated by dividing PBRX's market cap by their current revenue.
What is PBRX's PS Ratio?
PS Ratio	0.06x
Sales	US$563.83m
Market Cap	US$31.12m

PBRX 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	0.6x
Enterprise Value/EBITDA	9.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PBRX 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	2.2x
TRIS Trisula International	0.4x	n/a	Rp536.1b
POLU Golden Flower	7.9x	n/a	Rp862.5b
ERTX Eratex Djaja	0.07x	n/a	Rp129.9b
ZATA Bersama Zatta Jaya	0.4x	n/a	Rp76.5b
PBRX Pan Brothers	0.06x	n/a	Rp494.1b

Price-To-Sales vs Peers: PBRX is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.8x).

Price to Sales Ratio vs Industry

How does PBRX's PS Ratio compare vs other companies in the ID Luxury Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.8x	11.6%
PBRX Pan Brothers	0.06x	n/a	US$31.13m
ERTX Eratex Djaja	0.07x	n/a	US$8.19m
POLY Asia Pacific Fibers	0.02x	n/a	US$4.84m

4 Companies		Estimated Growth	Market Cap
Industry Avg.	0.8x	18.2%
PBRX Pan Brothers	0.06x	n/a	US$31.13m

No more companies

Price-To-Sales vs Industry: PBRX is good value based on its Price-To-Sales Ratio (0.1x) compared to the Asian Luxury industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is PBRX'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.

PBRX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PBRX'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.