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INDF

Indofood Sukses MakmurIDX:INDF Stock Report

Market Cap

Rp58.6t

7D

-5.1%

1Y

-7.5%

Updated

27 Oct, 2021

Data

Company Financials +
INDF fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends5/6

INDF Overview

PT Indofood Sukses Makmur Tbk produces and sells various food products in Indonesia and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Indofood Sukses Makmur
Historical stock prices
Current Share PriceRp6,475.00
52 Week HighRp5,750.00
52 Week LowRp7,425.00
Beta0.28
1 Month Change6.15%
3 Month Change1.57%
1 Year Change-7.50%
3 Year Change8.37%
5 Year Change-23.37%
Change since IPO601.90%

Recent News & Updates

Shareholder Returns

INDFID FoodID Market
7D-5.1%-2.5%-0.8%
1Y-7.5%7.3%24.7%

Return vs Industry: INDF underperformed the ID Food industry which returned 8.5% over the past year.

Return vs Market: INDF underperformed the ID Market which returned 25.8% over the past year.

Price Volatility

Is INDF's price volatile compared to industry and market?
INDF volatility
INDF Beta0.28
Industry Beta0.48
Market Beta1

Stable Share Price: INDF is less volatile than 75% of ID stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: INDF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199090,574Anthoni Salimhttps://www.indofood.com

PT Indofood Sukses Makmur Tbk produces and sells various food products in Indonesia and internationally. It operates through four segments: Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group. The Consumer Branded Products Business Group segment offers noodles; dairy products, including sweetened condensed, temperature, sterilized bottled, pasteurized liquid, multi-cereal, and powdered milk, as well as butter, ice cream, and creamer; snack foods, such as potato, cassava, soybean, sweet potato, corn, and various extruded snacks, as well as biscuits; culinary products and syrups; nutrition and special foods; and ready-to-drink tea, packaged water, and fruit-flavored drinks.

Indofood Sukses Makmur Fundamentals Summary

How do Indofood Sukses Makmur's earnings and revenue compare to its market cap?
INDF fundamental statistics
Market CapRp58.61t
Earnings (TTM)Rp7.05t
Revenue (TTM)Rp89.64t

8.1x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INDF income statement (TTM)
RevenueRp89.64t
Cost of RevenueRp59.35t
Gross ProfitRp30.29t
ExpensesRp23.24t
EarningsRp7.05t

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)802.49
Gross Margin33.79%
Net Profit Margin7.86%
Debt/Equity Ratio65.3%

How did INDF perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Indofood Sukses Makmur undervalued compared to its fair value and its price relative to the market?

29.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INDF (IDR6475) is trading below our estimate of fair value (IDR9238.42)

Significantly Below Fair Value: INDF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: INDF is good value based on its PE Ratio (8.1x) compared to the ID Food industry average (13.6x).

PE vs Market: INDF is good value based on its PE Ratio (8.1x) compared to the ID market (21.6x).


Price to Earnings Growth Ratio

PEG Ratio: INDF is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: INDF is good value based on its PB Ratio (1.2x) compared to the ID Food industry average (1.8x).


Future Growth

How is Indofood Sukses Makmur forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDF's forecast earnings growth (8.6% per year) is above the savings rate (7.1%).

Earnings vs Market: INDF's earnings (8.6% per year) are forecast to grow slower than the ID market (17.8% per year).

High Growth Earnings: INDF's earnings are forecast to grow, but not significantly.

Revenue vs Market: INDF's revenue (6.8% per year) is forecast to grow slower than the ID market (11% per year).

High Growth Revenue: INDF's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INDF's Return on Equity is forecast to be low in 3 years time (15.4%).


Past Performance

How has Indofood Sukses Makmur performed over the past 5 years?

12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INDF has high quality earnings.

Growing Profit Margin: INDF's current net profit margins (7.9%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: INDF's earnings have grown by 12.5% per year over the past 5 years.

Accelerating Growth: INDF's earnings growth over the past year (35.4%) exceeds its 5-year average (12.5% per year).

Earnings vs Industry: INDF earnings growth over the past year (35.4%) exceeded the Food industry 28.9%.


Return on Equity

High ROE: INDF's Return on Equity (12.3%) is considered low.


Financial Health

How is Indofood Sukses Makmur's financial position?


Financial Position Analysis

Short Term Liabilities: INDF's short term assets (IDR43,570.2B) exceed its short term liabilities (IDR40,766.0B).

Long Term Liabilities: INDF's short term assets (IDR43,570.2B) do not cover its long term liabilities (IDR44,952.6B).


Debt to Equity History and Analysis

Debt Level: INDF's debt to equity ratio (65.3%) is considered high.

Reducing Debt: INDF's debt to equity ratio has reduced from 65.5% to 65.3% over the past 5 years.

Debt Coverage: INDF's debt is well covered by operating cash flow (25.6%).

Interest Coverage: INDF's interest payments on its debt are well covered by EBIT (8.5x coverage).


Balance Sheet


Dividend

What is Indofood Sukses Makmur current dividend yield, its reliability and sustainability?

4.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: INDF's dividend (4.29%) is higher than the bottom 25% of dividend payers in the ID market (0.99%).

High Dividend: INDF's dividend (4.29%) is in the top 25% of dividend payers in the ID market (3.83%)


Stability and Growth of Payments

Stable Dividend: INDF's dividend payments have been volatile in the past 10 years.

Growing Dividend: INDF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.6%), INDF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INDF's dividends in 3 years are forecast to be well covered by earnings (45.7% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Anthoni Salim (72 yo)

17.75yrs

Tenure

Mr. Anthoni Salim serves as the Chief Executive Officer and President of Salim Group. Mr. Salim serves as a Co-Owner of GA 1821 Pte. Ltd.He is the Owner of Droxford International Limited and Universal Int...


Leadership Team

Experienced Management: INDF's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: INDF's board of directors are seasoned and experienced ( 17.3 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.


Top Shareholders

Company Information

PT Indofood Sukses Makmur Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Indofood Sukses Makmur Tbk
  • Ticker: INDF
  • Exchange: IDX
  • Founded: 1990
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: Rp58.609t
  • Shares outstanding: 8.78b
  • Website: https://www.indofood.com

Number of Employees


Location

  • PT Indofood Sukses Makmur Tbk
  • Sudirman Plaza
  • Indofood Tower
  • Jakarta
  • Jakarta Raya
  • 12910
  • Indonesia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 15:34
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.