PT Ultrajaya Milk Industry & Trading Company Tbk

IDX:ULTJ Stock Report

Market Cap: Rp17.8t

Ultrajaya Milk Industry & Trading Valuation

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

Below Fair Value: ULTJ (IDR1710) is trading below our estimate of fair value (IDR1770.14)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ULTJ. This is calculated by dividing ULTJ's market cap by their current earnings.
What is ULTJ's PE Ratio?
PE Ratio16x
EarningsRp1.11t
Market CapRp17.78t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ULTJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13x
TAPG Triputra Agro Persada
7.2x9.6%Rp15.2t
STTP Siantar Top
14.9xn/aRp18.6t
JPFA Japfa Comfeed Indonesia
9.8x10.8%Rp20.5t
GOOD Garudafood Putra Putri Jaya
20xn/aRp14.5t
ULTJ Ultrajaya Milk Industry & Trading
16x17.8%Rp17.8t

Price-To-Earnings vs Peers: ULTJ is expensive based on its Price-To-Earnings Ratio (16x) compared to the peer average (13x).


Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UNSP Bakrie Sumatera Plantations
0.2xn/aUS$20.00m
PSDN Prasidha Aneka Niaga
0.9xn/aUS$7.53m
No more companies available in this PE range
ULTJ 16.0xIndustry Avg. 16.1xNo. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ULTJ is good value based on its Price-To-Earnings Ratio (16x) compared to the ID Food industry average (16.1x).


Price to Earnings Ratio vs Fair Ratio

What is ULTJ'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.

ULTJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: ULTJ is expensive based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).


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.


Discover undervalued companies