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SKBM

Sekar Bumi IDX:SKBM Stock Report

Last Price

Rp408.00

Market Cap

Rp705.9b

7D

5.2%

1Y

15.9%

Updated

29 Sep, 2022

Data

Company Financials
SKBM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends2/6

SKBM Stock Overview

PT Sekar Bumi Tbk processes, produces, trades in, and distributes frozen food products in Indonesia.

Sekar Bumi Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sekar Bumi
Historical stock prices
Current Share PriceRp408.00
52 Week HighRp735.00
52 Week LowRp328.00
Beta-1.14
1 Month Change-2.86%
3 Month Change9.09%
1 Year Change15.91%
3 Year Change-5.99%
5 Year Change-24.44%
Change since IPO99.02%

Recent News & Updates

Shareholder Returns

SKBMID FoodID Market
7D5.2%-0.6%-1.5%
1Y15.9%-2.2%12.9%

Return vs Industry: SKBM exceeded the ID Food industry which returned -2.2% over the past year.

Return vs Market: SKBM exceeded the ID Market which returned 12.9% over the past year.

Price Volatility

Is SKBM's price volatile compared to industry and market?
SKBM volatility
SKBM Average Weekly Movement6.5%
Food Industry Average Movement4.6%
Market Average Movement5.6%
10% most volatile stocks in ID Market11.7%
10% least volatile stocks in ID Market2.7%

Stable Share Price: SKBM is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SKBM's weekly volatility has decreased from 12% to 7% over the past year.

About the Company

FoundedEmployeesCEOWebsite
19681,003Oei Lukmitohttps://www.sekarbumi.com

PT Sekar Bumi Tbk processes, produces, trades in, and distributes frozen food products in Indonesia. The company offers block packing, raw, and cooked shrimp, as well as cooked and peeled prawns; beef balls, sea food, fish balls, fish shiumai, hakau, kekian, martabak, mini wonton, nuggets, puffs, samosa, sausage, shiumai, shrimp balls, shrimp shiumai, spring rolls, and squid balls; and cheese and vegetable fish cake, brosur bumifood, dumpling ayam and udang, fish tofu, fish cake laksa recipe, scallop, shrimp and fish dumpling, and shumai. It also processes cashew nuts and other nut products; and bread crumbs and breaded shrimps.

Sekar Bumi Fundamentals Summary

How do Sekar Bumi's earnings and revenue compare to its market cap?
SKBM fundamental statistics
Market CapRp705.88b
Earnings (TTM)Rp68.26b
Revenue (TTM)Rp4.14t

10.3x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKBM income statement (TTM)
RevenueRp4.14t
Cost of RevenueRp3.44t
Gross ProfitRp700.75b
Other ExpensesRp632.49b
EarningsRp68.26b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)39.45
Gross Margin16.92%
Net Profit Margin1.65%
Debt/Equity Ratio53.9%

How did SKBM perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

9%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 SKBM?

Other financial metrics that can be useful for relative valuation.

SKBM 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/Revenue0.3x
Enterprise Value/EBITDA6.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

SKBM PE Ratio vs Peers
The above table shows the PE ratio for SKBM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average50.2x
GZCO Gozco Plantations
6.1xn/aRp726.0b
CEKA Wilmar Cahaya Indonesia
4.6xn/aRp1.3t
IPPE Indo Pureco Pratama
177.1xn/aRp749.8b
BUDI Budi Starch & Sweetener
12.9xn/aRp953.8b
SKBM Sekar Bumi
10.3xn/aRp705.9b

Price-To-Earnings vs Peers: SKBM is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (50.2x).


Price to Earnings Ratio vs Industry

How does SKBM's PE Ratio compare vs other companies in the ID Food Industry?

Price-To-Earnings vs Industry: SKBM is good value based on its Price-To-Earnings Ratio (10.3x) compared to the ID Food industry average (14.2x)


Price to Earnings Ratio vs Fair Ratio

What is SKBM'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.

SKBM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: SKBM (IDR408) is trading below our estimate of fair value (IDR2335.34)

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


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 Sekar Bumi 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


15.7%

Forecasted Food, Beverage & Tobacco 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 Sekar Bumi 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.


Discover growth companies

  • Examine whether Sekar Bumi is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Sekar Bumi 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


11.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKBM has high quality earnings.

Growing Profit Margin: SKBM's current net profit margins (1.6%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: SKBM's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: SKBM's earnings growth over the past year (293.8%) exceeds its 5-year average (11.8% per year).

Earnings vs Industry: SKBM earnings growth over the past year (293.8%) exceeded the Food industry 49.2%.


Return on Equity

High ROE: SKBM's Return on Equity (6.9%) is considered low.


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Financial Health

How is Sekar Bumi's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SKBM's short term assets (IDR1,111.0B) exceed its short term liabilities (IDR787.5B).

Long Term Liabilities: SKBM's short term assets (IDR1,111.0B) exceed its long term liabilities (IDR94.9B).


Debt to Equity History and Analysis

Debt Level: SKBM's net debt to equity ratio (29.8%) is considered satisfactory.

Reducing Debt: SKBM's debt to equity ratio has increased from 28.1% to 53.9% over the past 5 years.

Debt Coverage: SKBM's debt is not well covered by operating cash flow (9.8%).

Interest Coverage: SKBM's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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Dividend

What is Sekar Bumi current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.86%

Current Dividend Yield

Dividend Yield vs Market

Sekar Bumi Dividend Yield vs Market
How does Sekar Bumi dividend yield compare to the market?
SegmentDividend Yield
Company (Sekar Bumi)0.9%
Market Bottom 25% (ID)1.1%
Market Top 25% (ID)4.8%
Industry Average (Food)3.8%
Analyst forecast in 3 Years (Sekar Bumi)n/a

Notable Dividend: SKBM's dividend (0.86%) isn’t notable compared to the bottom 25% of dividend payers in the ID market (1.11%).

High Dividend: SKBM's dividend (0.86%) is low compared to the top 25% of dividend payers in the ID market (4.81%).


Stability and Growth of Payments

Stable Dividend: SKBM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SKBM has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.9%), SKBM's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (18.6%), SKBM's dividend payments are well covered by cash flows.


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Management

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

11.7yrs

Average management tenure


CEO

Oei Lukmito (63 yo)

29.25yrs

Tenure

Mr. Harry Lukmito has been the President Director at PT. Sekar Bumi, Tbk since 1993. Mr. Lukmito joined Sekar Group in 1981 and was responsible for Frozen Food Division.He joined Sekar Bumi in 1990. From...


Leadership Team

Experienced Management: SKBM's management team is seasoned and experienced (11.7 years average tenure).


Board Members

Experienced Board: SKBM's board of directors are seasoned and experienced ( 11.3 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

What is the ownership structure of SKBM?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders38,304,9912.1%
Institutions105,927,8745.9%
VC/PE Firms554,706,04630.8%
Private Companies1,099,156,95761.1%

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


Top Shareholders

Top 9 shareholders own 65.71% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
19.12%
Green Resources Investments Pte. Ltd.
330,765,555IDR135.0b0%no data
9.82%
PT Multi Karya Sejati
169,860,287IDR69.3b0%no data
9.57%
Berluti Finance Ltd.
165,622,443IDR67.6b0%no data
9.37%
Sapphira Corporation Ltd
162,140,837IDR66.2b0%no data
8.45%
Arrowman Ltd.
146,197,980IDR59.6b0%no data
7.2%
Malvina Investment Limited
124,569,855IDR50.8b0%no data
1.9%
Oei Lukmito
32,883,551IDR13.4b0%no data
0.28%
Finna Huang
4,801,440IDR2.0b0%no data
0.0046%
Pahlawan Tjahjono
80,000IDR32.6m0%no data

Company Information

PT Sekar Bumi Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Sekar Bumi Tbk
  • Ticker: SKBM
  • Exchange: IDX
  • Founded: 1968
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: Rp705.882b
  • Shares outstanding: 1.73b
  • Website: https://www.sekarbumi.com

Number of Employees


Location

  • PT Sekar Bumi Tbk
  • Plaza Asia
  • 21st Floor
  • Jakarta Selatan
  • Jakarta Raya
  • 12190
  • Indonesia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SKBMIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDROct 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/28 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.