PT. Polychem Indonesia Tbk

IDX:ADMG Stock Report

Market Cap: Rp470.6b

PT. Polychem Indonesia Valuation

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

Below Fair Value: ADMG (IDR121) is trading below our estimate of fair value (IDR315.96)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ADMG. This is calculated by dividing ADMG's market cap by their current revenue.
What is ADMG's PS Ratio?
PS Ratio0.3x
SalesUS$104.89m
Market CapUS$29.65m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ADMG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
MDKI Emdeki Utama
1.1xn/aRp452.9b
APLI Asiaplast Industries
1.7xn/aRp735.8b
SRSN Indo Acidatama
0.3xn/aRp301.0b
FPNI Lotte Chemical Titan
0.2xn/aRp1.1t
ADMG PT. Polychem Indonesia
0.3xn/aRp470.6b

Price-To-Sales vs Peers: ADMG is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.8x).


Price to Sales Ratio vs Industry

How does ADMG's PS Ratio compare vs other companies in the ID Chemicals Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
LTLS Lautan Luas
0.2xn/aUS$93.61m
FPNI Lotte Chemical Titan
0.2xn/aUS$69.08m
INCF Indo Komoditi Korpora
0.2xn/aUS$2.33m
No more companies available in this PS range
ADMG 0.3xIndustry Avg. 0.9xNo. of Companies4PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ADMG is good value based on its Price-To-Sales Ratio (0.3x) compared to the ID Chemicals industry average (0.9x).


Price to Sales Ratio vs Fair Ratio

What is ADMG'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.

ADMG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ration/a

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