Tunas Baru Lampung Valuation

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

TBLA (IDR640) is trading above our estimate of [[fair value]] (IDR322.03)

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TBLA (IDR640) is trading above our estimate of fair value (IDR322.03)

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

Key Valuation Metric

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

Key metric: As TBLA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TBLA. This is calculated by dividing TBLA's market cap by their current earnings.
What is TBLA's PE Ratio?
PE Ratio	5.7x
Earnings	Rp676.54b
Market Cap	Rp3.86t

TBLA 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	1x
Enterprise Value/EBITDA	5.3x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TBLA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.5x
SGRO Sampoerna Agro	12x	n/a	Rp3.7t
BISI BISI International	7.2x	n/a	Rp3.4t
NSSS Nusantara Sawit Sejahtera	66.4x	n/a	Rp5.4t
PSGO Palma Serasih	4.5x	n/a	Rp3.1t
TBLA Tunas Baru Lampung	5.7x	5.6%	Rp3.9t

Price-To-Earnings vs Peers: TBLA is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (22.5x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap
UNSP Bakrie Sumatera Plantations	0.2x	n/a	US$20.32m
PSDN Prasidha Aneka Niaga	1x	n/a	US$7.62m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TBLA is good value based on its Price-To-Earnings Ratio (5.7x) compared to the ID Food industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is TBLA'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.

TBLA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.7x
Fair PE Ratio	9.8x

Price-To-Earnings vs Fair Ratio: TBLA is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).

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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