Sekar Bumi Valuation

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

SKBM (IDR388) is trading above our estimate of [[fair value]] (IDR113.14)

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

Below Fair Value: SKBM (IDR388) is trading above our estimate of fair value (IDR113.14)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SKBM. This is calculated by dividing SKBM's market cap by their current revenue.
What is SKBM's PS Ratio?
PS Ratio	0.3x
Sales	Rp2.22t
Market Cap	Rp671.28b

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/Revenue	0.5x
Enterprise Value/EBITDA	31.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SKBM 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	2x
MAXI Maxindo Karya Anugerah	4.9x	n/a	Rp518.9b
AYAM Janu Putra Sejahtera	1.6x	n/a	Rp612.0b
CRAB Toba Surimi Industries	0.8x	n/a	Rp507.0b
GUNA Gunanusa Eramandiri	0.6x	n/a	Rp875.0b
SKBM Sekar Bumi	0.3x	n/a	Rp671.3b

Price-To-Sales vs Peers: SKBM is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2x).

Price to Sales Ratio vs Industry

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

4 Companies	Price / Sales	Estimated Growth	Market Cap
MAIN Malindo Feedmill	0.1x	4.8%	US$106.49m
UNSP Bakrie Sumatera Plantations	0.1x	n/a	US$18.59m
ENZO Morenzo Abadi Perkasa	0.1x	n/a	US$5.04m
OILS Indo Oil Perkasa	0.07x	n/a	US$2.75m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: SKBM is good value based on its Price-To-Sales Ratio (0.3x) compared to the ID Food industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is SKBM'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.

SKBM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

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

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