Widodo Makmur Perkasa Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: WMPP (IDR12) is trading below our estimate of fair value (IDR22.9)

Significantly Below Fair Value: WMPP is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for WMPP. This is calculated by dividing WMPP's market cap by their current revenue.
What is WMPP's PS Ratio?
PS Ratio	0.5x
Sales	Rp669.64b
Market Cap	Rp353.03b

WMPP 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	5.4x
Enterprise Value/EBITDA	-7.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for WMPP 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	1.7x
MAXI Maxindo Karya Anugerah	4.8x	n/a	Rp509.3b
PMMP Panca Mitra Multiperdana	0.2x	n/a	Rp292.5b
AGAR Asia Sejahtera Mina	0.9x	n/a	Rp266.0b
CRAB Toba Surimi Industries	0.8x	n/a	Rp507.0b
WMPP Widodo Makmur Perkasa	0.5x	n/a	Rp353.0b

Price-To-Sales vs Peers: WMPP is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does WMPP'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$105.78m
UNSP Bakrie Sumatera Plantations	0.1x	n/a	US$20.00m
ENZO Morenzo Abadi Perkasa	0.1x	n/a	US$5.18m
OILS Indo Oil Perkasa	0.07x	n/a	US$2.80m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: WMPP is good value based on its Price-To-Sales Ratio (0.5x) compared to the ID Food industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is WMPP'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.

WMPP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	n/a

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