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TAPG

Triputra Agro Persada IDX:TAPG Stock Report

Last Price

Rp680.00

Market Cap

Rp13.5t

7D

-1.4%

1Y

5.4%

Updated

15 Aug, 2022

Data

Company Financials +
TAPG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends3/6

TAPG Stock Overview

PT Triputra Agro Persada Tbk engages in the oil palm plantations and palm oil processing businesses in Indonesia.

Triputra Agro Persada Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Triputra Agro Persada
Historical stock prices
Current Share PriceRp680.00
52 Week HighRp925.00
52 Week LowRp555.00
Beta0
1 Month Change13.33%
3 Month Change-1.45%
1 Year Change5.43%
3 Year Changen/a
5 Year Changen/a
Change since IPO151.85%

Recent News & Updates

Shareholder Returns

TAPGID FoodID Market
7D-1.4%-1.0%0.4%
1Y5.4%3.4%13.0%

Return vs Industry: TAPG exceeded the ID Food industry which returned 3.4% over the past year.

Return vs Market: TAPG underperformed the ID Market which returned 13% over the past year.

Price Volatility

Is TAPG's price volatile compared to industry and market?
TAPG volatility
TAPG Average Weekly Movement4.8%
Food Industry Average Movement5.2%
Market Average Movement5.9%
10% most volatile stocks in ID Market11.5%
10% least volatile stocks in ID Market2.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
200511,802Tjandra Hermantohttps://www.tap-agri.com

PT Triputra Agro Persada Tbk engages in the oil palm plantations and palm oil processing businesses in Indonesia. It produces crude palm oil, palm kernel, slab, and ribbed smoked sheet products. The company is also involved in the rubber plantation; other management consulting; wholesale trading; construction; and mining activities.

Triputra Agro Persada Fundamentals Summary

How do Triputra Agro Persada's earnings and revenue compare to its market cap?
TAPG fundamental statistics
Market CapRp13.50t
Earnings (TTM)Rp2.53t
Revenue (TTM)Rp8.04t

5.3x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAPG income statement (TTM)
RevenueRp8.04t
Cost of RevenueRp4.98t
Gross ProfitRp3.05t
Other ExpensesRp519.14b
EarningsRp2.53t

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)127.59
Gross Margin37.98%
Net Profit Margin31.52%
Debt/Equity Ratio33.9%

How did TAPG perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TAPG 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 TAPG?

Other financial metrics that can be useful for relative valuation.

TAPG 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/Revenue1.9x
Enterprise Value/EBITDA5x
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

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

TAPG PE Ratio vs Peers
The above table shows the PE ratio for TAPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.7x
SMAR Sinar Mas Agro Resources and Technology
3.7xn/aRp13.9t
ULTJ Ultrajaya Milk Industry & Trading
12.7xn/aRp15.4t
JPFA Japfa Comfeed Indonesia
11x15.0%Rp17.4t
STTP Siantar Top
15.6xn/aRp9.5t
TAPG Triputra Agro Persada
5.3x-11.0%Rp13.5t

Price-To-Earnings vs Peers: TAPG is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (10.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TAPG is good value based on its Price-To-Earnings Ratio (5.3x) compared to the ID Food industry average (14.1x)


Price to Earnings Ratio vs Fair Ratio

What is TAPG'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.

TAPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.3x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: TAPG is good value based on its Price-To-Earnings Ratio (5.3x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).


Share Price vs Fair Value

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

Below Fair Value: TAPG (IDR680) is trading below our estimate of fair value (IDR824.04)

Significantly Below Fair Value: TAPG 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, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Triputra Agro Persada forecast to perform in the next 1 to 3 years based on estimates from 4 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


-11.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TAPG's earnings are forecast to decline over the next 3 years (-11% per year).

Earnings vs Market: TAPG's earnings are forecast to decline over the next 3 years (-11% per year).

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

Revenue vs Market: TAPG's revenue (2.2% per year) is forecast to grow slower than the ID market (10.2% per year).

High Growth Revenue: TAPG's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TAPG's Return on Equity is forecast to be low in 3 years time (19.7%).


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Past Performance

How has Triputra Agro Persada performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


30.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TAPG has high quality earnings.

Growing Profit Margin: TAPG's current net profit margins (31.5%) are higher than last year (21.2%).


Past Earnings Growth Analysis

Earnings Trend: TAPG's earnings have grown significantly by 30.5% per year over the past 5 years.

Accelerating Growth: TAPG's earnings growth over the past year (110.9%) exceeds its 5-year average (30.5% per year).

Earnings vs Industry: TAPG earnings growth over the past year (110.9%) exceeded the Food industry 52.8%.


Return on Equity

High ROE: TAPG's Return on Equity (28.7%) is considered high.


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Financial Health

How is Triputra Agro Persada's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TAPG's short term assets (IDR3,574.6B) exceed its short term liabilities (IDR1,985.4B).

Long Term Liabilities: TAPG's short term assets (IDR3,574.6B) exceed its long term liabilities (IDR2,784.9B).


Debt to Equity History and Analysis

Debt Level: TAPG's net debt to equity ratio (15.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TAPG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TAPG's debt is well covered by operating cash flow (81.7%).

Interest Coverage: TAPG's interest payments on its debt are well covered by EBIT (27.2x coverage).


Balance Sheet


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Dividend

What is Triputra Agro Persada 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


3.68%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TAPG's dividend (3.68%) is higher than the bottom 25% of dividend payers in the ID market (1.11%).

High Dividend: TAPG's dividend (3.68%) is low compared to the top 25% of dividend payers in the ID market (4.59%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TAPG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TAPG's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.6%), TAPG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.8%), TAPG'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?

4.6yrs

Average management tenure


CEO

Tjandra Hermanto

4.58yrs

Tenure

Mr. Tjandra Karya Hermanto is President Director at PT Triputra Agro Persada Tbk since 2018. He obtained Bachelor of Mechanical Engineering from Institut Teknologi Indonesia, Jakarta in 1996. He start a ca...


Leadership Team

Experienced Management: TAPG's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: TAPG's board of directors are considered experienced (5.1 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 Triputra Agro Persada Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Triputra Agro Persada Tbk
  • Ticker: TAPG
  • Exchange: IDX
  • Founded: 2005
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: Rp13.500t
  • Shares outstanding: 19.85b
  • Website: https://www.tap-agri.com

Number of Employees


Location

  • PT Triputra Agro Persada Tbk
  • The East Building Lantai 23
  • Jl. DR. Ide Anak Agung Gde Agung
  • Jakarta Selatan
  • Jakarta Raya
  • 12950
  • Indonesia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 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.