Bintang Oto Global Valuation

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

BOGA (IDR545) is trading below our estimate of [[fair value]] (IDR3464.29)

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

Below Fair Value: BOGA (IDR545) is trading below our estimate of fair value (IDR3464.29)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BOGA. This is calculated by dividing BOGA's market cap by their current revenue.
What is BOGA's PS Ratio?
PS Ratio	2.8x
Sales	Rp747.84b
Market Cap	Rp2.07t

BOGA 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	2.7x
Enterprise Value/EBITDA	100.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BOGA 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	0.2x
PMJS Putra Mandiri Jembar	0.2x	n/a	Rp1.7t
CARS Industri dan Perdagangan Bintraco Dharma	0.2x	n/a	Rp1.2t
IMAS Indomobil Sukses Internasional	0.1x	n/a	Rp4.0t
MPMX Mitra Pinasthika Mustika	0.3x	2.3%	Rp4.3t
BOGA Bintang Oto Global	2.8x	n/a	Rp2.1t

Price-To-Sales vs Peers: BOGA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does BOGA's PS Ratio compare vs other companies in the ID Specialty Retail Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
ECII Electronic City Indonesia	0.08x	n/a	US$12.40m
TELE Omni Inovasi Indonesia	0.04x	n/a	US$5.99m
YELO Yelooo Integra Datanet	0.08x	n/a	US$1.81m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BOGA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the ID Specialty Retail industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is BOGA'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.

BOGA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.8x
Fair PS Ratio	n/a

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

Discover undervalued companies

Multi Indocitra

Rp298.9b

Produces and distributes baby and health care products, and cosmetics in Indonesia.

MICE

Rp505.00

-1.0%

Ramayana Lestari Sentosa

Rp2.1t

Engages in the operation of a chain of department stores in Indonesia.

RALS

Rp362.00

-5.2%

-25.5%

Globe Kita Terang

Rp72.2b

Engages in the retail and distribution of cellular phones and accessories in Indonesia.

GLOB

Rp65.00

-43.5%