company background image
SSMS

Sawit Sumbermas Sarana IDX:SSMS Stock Report

Last Price

Rp1.33k

Market Cap

Rp12.6t

7D

-5.0%

1Y

64.6%

Updated

24 Sep, 2022

Data

Company Financials +
SSMS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends3/6

SSMS Stock Overview

PT Sawit Sumbermas Sarana Tbk, together with its subsidiaries, engages in the production and sale of crude palm oil, fresh fruit bunches, palm kernel oil, and palm kernel in Indonesia and internationally.

Sawit Sumbermas Sarana Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sawit Sumbermas Sarana
Historical stock prices
Current Share PriceRp1,325.00
52 Week HighRp1,555.00
52 Week LowRp805.00
Beta0.0056
1 Month Change-9.86%
3 Month Change14.72%
1 Year Change64.60%
3 Year Change40.96%
5 Year Change-12.83%
Change since IPO84.03%

Recent News & Updates

Shareholder Returns

SSMSID FoodID Market
7D-5.0%1.0%-0.03%
1Y64.6%0.2%14.7%

Return vs Industry: SSMS exceeded the ID Food industry which returned 0.2% over the past year.

Return vs Market: SSMS exceeded the ID Market which returned 14.7% over the past year.

Price Volatility

Is SSMS's price volatile compared to industry and market?
SSMS volatility
SSMS Average Weekly Movement5.1%
Food Industry Average Movement4.6%
Market Average Movement5.5%
10% most volatile stocks in ID Market11.6%
10% least volatile stocks in ID Market2.7%

Stable Share Price: SSMS is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SSMS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199510,936Nasarudin Bin Nasirhttps://www.ssms.co.id

PT Sawit Sumbermas Sarana Tbk, together with its subsidiaries, engages in the production and sale of crude palm oil, fresh fruit bunches, palm kernel oil, and palm kernel in Indonesia and internationally. The company operates 23 palm oil estates, 8 palm oil mills, and 1 biogas plant. It is also involved in the provision of consulting and trading services.

Sawit Sumbermas Sarana Fundamentals Summary

How do Sawit Sumbermas Sarana's earnings and revenue compare to its market cap?
SSMS fundamental statistics
Market CapRp12.62t
Earnings (TTM)Rp1.83t
Revenue (TTM)Rp6.22t

6.9x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSMS income statement (TTM)
RevenueRp6.22t
Cost of RevenueRp3.00t
Gross ProfitRp3.22t
Other ExpensesRp1.39t
EarningsRp1.83t

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)192.64
Gross Margin51.82%
Net Profit Margin29.52%
Debt/Equity Ratio100.1%

How did SSMS perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

42%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 SSMS?

Other financial metrics that can be useful for relative valuation.

SSMS 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/Revenue2.9x
Enterprise Value/EBITDA6x
PEG Ratio-1.6x

Price to Earnings Ratio vs Peers

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

SSMS PE Ratio vs Peers
The above table shows the PE ratio for SSMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.6x
AALI Astra Agro Lestari
8x-5.8%Rp17.1t
STAA Sumber Tani Agung Resources
9.2xn/aRp12.5t
FAPA FAP Agri
17.3xn/aRp14.8t
LSIP Perusahaan Perkebunan London Sumatra Indonesia
7.6x-2.6%Rp7.9t
SSMS Sawit Sumbermas Sarana
6.9x-4.4%Rp12.6t

Price-To-Earnings vs Peers: SSMS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (10.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SSMS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the ID Food industry average (13.8x)


Price to Earnings Ratio vs Fair Ratio

What is SSMS'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.

SSMS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: SSMS is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).


Share Price vs Fair Value

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

Below Fair Value: SSMS (IDR1325) is trading below our estimate of fair value (IDR1470.84)

Significantly Below Fair Value: SSMS is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Sawit Sumbermas Sarana forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSMS's earnings are forecast to decline over the next 3 years (-4.4% per year).

Earnings vs Market: SSMS's earnings are forecast to decline over the next 3 years (-4.4% per year).

High Growth Earnings: SSMS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SSMS's revenue is expected to decline over the next 3 years (-3.8% per year).

High Growth Revenue: SSMS's revenue is forecast to decline over the next 3 years (-3.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SSMS's Return on Equity is forecast to be high in 3 years time (24.8%)


Discover growth companies

Past Performance

How has Sawit Sumbermas Sarana 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


28.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SSMS has high quality earnings.

Growing Profit Margin: SSMS's current net profit margins (29.5%) are higher than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: SSMS's earnings have grown significantly by 28.5% per year over the past 5 years.

Accelerating Growth: SSMS's earnings growth over the past year (56.5%) exceeds its 5-year average (28.5% per year).

Earnings vs Industry: SSMS earnings growth over the past year (56.5%) exceeded the Food industry 48.1%.


Return on Equity

High ROE: Whilst SSMS's Return on Equity (29.21%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Sawit Sumbermas Sarana's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SSMS's short term assets (IDR3,705.8B) do not cover its short term liabilities (IDR6,070.6B).

Long Term Liabilities: SSMS's short term assets (IDR3,705.8B) exceed its long term liabilities (IDR1,832.3B).


Debt to Equity History and Analysis

Debt Level: SSMS's net debt to equity ratio (81.3%) is considered high.

Reducing Debt: SSMS's debt to equity ratio has reduced from 135.6% to 100.1% over the past 5 years.

Debt Coverage: SSMS's debt is not well covered by operating cash flow (17%).

Interest Coverage: SSMS's interest payments on its debt are well covered by EBIT (12x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Sawit Sumbermas Sarana current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.05%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SSMS's dividend (6.05%) is higher than the bottom 25% of dividend payers in the ID market (1.14%).

High Dividend: SSMS's dividend (6.05%) is in the top 25% of dividend payers in the ID market (4.73%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SSMS has been paying a dividend for less than 10 years.

Growing Dividend: SSMS's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (41.6%), SSMS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (102.6%), SSMS's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.7yrs

Average management tenure


CEO

Nasarudin Bin Nasir (53 yo)

0.67yr

Tenure

Mr. Nasarudin Bin Nasir serves as Chief Operating Officer at PT Sawit Sumbermas Sarana Tbk and has been its Director since April 26, 2018 and is its Chief Executive Officer since 2022. Mr. Bin Nasir starte...


Leadership Team

Experienced Management: SSMS's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: SSMS's board of directors are considered experienced (4.4 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

Top 12 shareholders own 68.73% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
55.49%
PT Citra Borneo Indah
5,285,798,000IDR7.0t0%no data
12.08%
PT Putra Borneo Agro Lestari
1,151,060,000IDR1.5t0%no data
0.61%
Dimensional Fund Advisors LP
58,187,657IDR77.1b1.42%no data
0.22%
BNY Mellon Asset Management
21,147,200IDR28.0b2.97%no data
0.15%
BlackRock, Inc.
14,197,700IDR18.8b-0.8%no data
0.064%
Uni-President Assets Management Co., Ltd.
6,132,380IDR8.1b0%0.03%
0.045%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
4,287,300IDR5.7b35.5%no data
0.018%
State Street Global Advisors, Inc.
1,719,000IDR2.3b291.57%no data
0.014%
RAM Active Investments S.A.
1,356,764IDR1.8b0%0.01%
0.0091%
American Century Investment Management Inc
861,700IDR1.1b104.97%no data
0.0085%
Fidelity International Ltd
805,700IDR1.1b0%no data
0.0059%
Segall Bryant & Hamill, LLC
563,800IDR747.0m0%no data

Company Information

PT Sawit Sumbermas Sarana Tbk.'s employee growth, exchange listings and data sources


Key Information

  • Name: PT Sawit Sumbermas Sarana Tbk.
  • Ticker: SSMS
  • Exchange: IDX
  • Founded: 1995
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: Rp12.621t
  • Shares outstanding: 9.53b
  • Website: https://www.ssms.co.id

Number of Employees


Location

  • PT Sawit Sumbermas Sarana Tbk.
  • Jalan H. Udan Said No. 47
  • Pangkalan Bun
  • Kalimantan Tengah
  • 74113
  • Indonesia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSMSIDX (Indonesia Stock Exchange)YesOrdinary SharesIDIDRDec 2013
16SBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 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.