Provident Investasi Bersama Valuation

Is PALM 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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As PALM is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PALM. This is calculated by dividing PALM's market cap by their current book value.
What is PALM's PB Ratio?
PB Ratio	1x
Book	Rp6.54t
Market Cap	Rp6.26t

PALM 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	-15.1x
Enterprise Value/EBITDA	-14.1x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does PALM's PB Ratio compare to its peers?

The above table shows the PB ratio for PALM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	2.6x
SIMP Salim Ivomas Pratama	0.3x	1.8%	Rp6.1t
ROTI Nippon Indosari Corpindo	2.6x	15.0%	Rp5.5t
DMND Diamond Food Indonesia	1.3x	n/a	Rp7.6t
MGRO Mahkota Group	6.1x	n/a	Rp2.4t
PALM Provident Investasi Bersama	1x	n/a	Rp6.3t

Price-To-Book vs Peers: PALM is good value based on its Price-To-Book Ratio (1x) compared to the peer average (2.6x).

Price to Book Ratio vs Industry

How does PALM's PB Ratio compare vs other companies in the ID Food Industry?

3 Companies	Price / Book	Estimated Growth	Market Cap
BTEK Bumi Teknokultura Unggul	0.1x	n/a	US$8.75m
WMUU Widodo Makmur Unggas	0.1x	n/a	US$8.15m
IPPE Indo Pureco Pratama	0.2x	n/a	US$4.06m

No more companies available in this PB range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: PALM is good value based on its Price-To-Book Ratio (1x) compared to the ID Food industry average (1.2x).

Price to Book Ratio vs Fair Ratio

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

PALM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PALM's Price-To-Book 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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