Sepeda Bersama Indonesia Valuation

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

BIKE (IDR510) is trading below our estimate of [[fair value]] (IDR3579)

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

Below Fair Value: BIKE (IDR510) is trading below our estimate of fair value (IDR3579)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BIKE. This is calculated by dividing BIKE's market cap by their current earnings.
What is BIKE's PE Ratio?
PE Ratio	41.5x
Earnings	Rp15.88b
Market Cap	Rp659.79b

BIKE 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	1.8x
Enterprise Value/EBITDA	25x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BIKE 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	16.7x
KONI Perdana Bangun Pusaka	28.2x	n/a	Rp480.5b
LIVE Homeco Victoria Makmur	24.6x	n/a	Rp1.0t
MICE Multi Indocitra	7.8x	n/a	Rp298.9b
MGLV Panca Anugrah Wisesa	6.3x	n/a	Rp133.3b
BIKE Sepeda Bersama Indonesia	41.5x	n/a	Rp659.8b

Price-To-Earnings vs Peers: BIKE is expensive based on its Price-To-Earnings Ratio (41.5x) compared to the peer average (17.5x).

Price to Earnings Ratio vs Industry

How does BIKE's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BIKE is expensive based on its Price-To-Earnings Ratio (41.5x) compared to the Asian Retail Distributors industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is BIKE'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.

BIKE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	41.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BIKE's Price-To-Earnings 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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