Loading...

Indah Kiat Pulp & Paper

OTCPK:PIKQ.F
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PIKQ.F
OTCPK
IDR59,634B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

PT Indah Kiat Pulp & Paper Tbk manufactures and distributes cultural paper, pulp, and industrial paper in Indonesia, Asia, North and South America, Australia, Africa, and Europe. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
PIKQ.F Share Price and Events
7 Day Returns
0%
OTCPK:PIKQ.F
7%
US Forestry
3.1%
US Market
1 Year Returns
-
OTCPK:PIKQ.F
25.5%
US Forestry
10.3%
US Market
PIKQ.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indah Kiat Pulp & Paper (PIKQ.F) 0% 0% - - - -
US Forestry 7% -3.7% -5.8% 25.5% 30.1% 24%
US Market 3.1% -4.7% -4% 10.3% 52% 102.7%
1 Year Return vs Industry and Market
  • No trading data on PIKQ.F.
  • No trading data on PIKQ.F.
Price Volatility
PIKQ.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Indah Kiat Pulp & Paper's competitors could be found in our database.

Value

 Is Indah Kiat Pulp & Paper undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Indah Kiat Pulp & Paper to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Indah Kiat Pulp & Paper.

OTCPK:PIKQ.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PIKQ.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.42
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.421 (1 + (1- 25%) (109.81%))
2.591
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (2 * 7.05%)
17.05%

Discounted Cash Flow Calculation for OTCPK:PIKQ.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indah Kiat Pulp & Paper is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PIKQ.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 777.00 892.00 934.56 979.15 1,025.87
Source Analyst x1 Analyst x1 Est @ 4.77% Est @ 4.77% Est @ 4.77%
Present Value
Discounted (@ 17.05%)
663.82 651.06 582.76 521.63 466.91
Present value of next 5 years cash flows $2,886.19
OTCPK:PIKQ.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $1,025.87 × (1 + 2.95%) ÷ (17.05% – 2.95%)
$7,490.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $7,490.32 ÷ (1 + 17.05%)5
$3,409.13
OTCPK:PIKQ.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $2,886.19 + $3,409.13
$6,295.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,295.32 / 5,470.98
$1.15
OTCPK:PIKQ.F Discount to Share Price
Calculation Result
Exchange Rate USD/IDR
(Reporting currency to currency of IDX:INKP)
14926
Value per Share
(IDR)
= Value per Share in USD x Exchange Rate (USD/IDR)
= $1.15 x 14926
IDR17174.96
Non-primary Listing Adjustment Factor 1 share in OTCPK:PIKQ.F represents 0.0001x of IDX:INKP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0001x
Value per Share
(Listing Adjusted, USD)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 17,174.96 x 0.0001
$1.73
Value per share (USD) From above. $1.73
Current discount Discount to share price of $1.10
= -1 x ($1.10 - $1.73) / $1.73
36.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Indah Kiat Pulp & Paper is available for.
Intrinsic value
37%
Share price is $1.1 vs Future cash flow value of $1.73
Current Discount Checks
For Indah Kiat Pulp & Paper to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Indah Kiat Pulp & Paper's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Indah Kiat Pulp & Paper's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Indah Kiat Pulp & Paper's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indah Kiat Pulp & Paper's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PIKQ.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.12
IDX:INKP Share Price ** IDX (2018-08-08) in IDR IDR10900
IDX:INKP Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.73
United States of America Forestry Industry PE Ratio Median Figure of 11 Publicly-Listed Forestry Companies 9.68x
United States of America Market PE Ratio Median Figure of 2,956 Publicly-Listed Companies 18.43x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Indah Kiat Pulp & Paper.

OTCPK:PIKQ.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:INKP Share Price ÷ EPS (both in USD)

= 0.73 ÷ 0.12

6.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indah Kiat Pulp & Paper is good value based on earnings compared to the US Forestry industry average.
  • Indah Kiat Pulp & Paper is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Indah Kiat Pulp & Paper's expected growth come at a high price?
Raw Data
OTCPK:PIKQ.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.6%per year
United States of America Forestry Industry PEG Ratio Median Figure of 10 Publicly-Listed Forestry Companies 0.57x
United States of America Market PEG Ratio Median Figure of 2,073 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

OTCPK:PIKQ.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.22x ÷ 14.6%

0.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indah Kiat Pulp & Paper is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Indah Kiat Pulp & Paper's assets?
Raw Data
OTCPK:PIKQ.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.67
IDX:INKP Share Price * IDX (2018-08-08) in IDR IDR10900
IDX:INKP Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.73
United States of America Forestry Industry PB Ratio Median Figure of 15 Publicly-Listed Forestry Companies 1.64x
United States of America Market PB Ratio Median Figure of 4,971 Publicly-Listed Companies 1.88x
OTCPK:PIKQ.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:INKP Share Price ÷ Book Value per Share (both in USD)

= 0.73 ÷ 0.67

1.08x

* Primary Listing of Indah Kiat Pulp & Paper.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indah Kiat Pulp & Paper is good value based on assets compared to the US Forestry industry average.
X
Value checks
We assess Indah Kiat Pulp & Paper's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Indah Kiat Pulp & Paper has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Indah Kiat Pulp & Paper expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indah Kiat Pulp & Paper expected to grow at an attractive rate?
  • Indah Kiat Pulp & Paper's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Indah Kiat Pulp & Paper's earnings growth is positive but not above the United States of America market average.
  • Indah Kiat Pulp & Paper's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PIKQ.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PIKQ.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.6%
OTCPK:PIKQ.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.3%
United States of America Forestry Industry Earnings Growth Rate Market Cap Weighted Average 19%
United States of America Forestry Industry Revenue Growth Rate Market Cap Weighted Average 3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:PIKQ.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PIKQ.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 4,107 1,175 902 2
2019-12-31 3,917 1,052 828 2
2018-12-31 3,647 788 704 2
OTCPK:PIKQ.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 3,374 613 642
2018-06-30 3,333 690 583
2018-03-31 3,226 690 483
2017-12-31 3,128 666 413
2017-09-30 2,954 388 393
2017-06-30 2,793 219 328
2017-03-31 2,788 204 262
2016-12-31 2,720 164 203
2016-09-30 2,764 187 139
2016-06-30 2,810 144 167
2016-03-31 2,808 168 188
2015-12-31 2,834 161 223

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indah Kiat Pulp & Paper's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Indah Kiat Pulp & Paper's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PIKQ.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Indah Kiat Pulp & Paper Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PIKQ.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.17 0.17 0.17 1.00
2019-12-31 0.15 0.15 0.15 1.00
2018-12-31 0.13 0.13 0.13 1.00
OTCPK:PIKQ.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.12
2018-06-30 0.11
2018-03-31 0.09
2017-12-31 0.08
2017-09-30 0.07
2017-06-30 0.06
2017-03-31 0.05
2016-12-31 0.04
2016-09-30 0.03
2016-06-30 0.03
2016-03-31 0.03
2015-12-31 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Indah Kiat Pulp & Paper is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Indah Kiat Pulp & Paper's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Indah Kiat Pulp & Paper has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Indah Kiat Pulp & Paper performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Indah Kiat Pulp & Paper's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Indah Kiat Pulp & Paper has delivered over 20% year on year earnings growth in the past 5 years.
  • Indah Kiat Pulp & Paper's 1-year earnings growth exceeds its 5-year average (63.3% vs 27.9%)
  • Indah Kiat Pulp & Paper's earnings growth has not exceeded the US Forestry industry average in the past year (63.3% vs 165.2%).
Earnings and Revenue History
Indah Kiat Pulp & Paper's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Indah Kiat Pulp & Paper Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PIKQ.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 3,373.96 641.95 299.18
2018-06-30 3,332.74 582.64 289.79
2018-03-31 3,225.67 482.51 293.34
2017-12-31 3,127.93 413.21 295.52
2017-09-30 2,954.08 393.07 293.46
2017-06-30 2,793.11 328.21 285.39
2017-03-31 2,788.25 261.82 285.80
2016-12-31 2,720.47 202.71 288.47
2016-09-30 2,763.96 138.81 273.01
2016-06-30 2,810.32 166.68 278.51
2016-03-31 2,808.34 187.97 278.54
2015-12-31 2,834.28 222.78 280.53
2015-09-30 2,821.33 219.55 281.91
2015-06-30 2,774.27 177.62 274.80
2015-03-31 2,701.65 165.34 269.49
2014-12-31 2,635.04 126.33 258.19
2014-09-30 2,567.57 164.07 253.50
2014-06-30 2,551.22 185.44 253.59
2014-03-31 2,619.02 196.14 262.85
2013-12-31 2,651.47 221.07 272.54
2013-09-30 2,591.34 172.67 268.40
2013-06-30 2,598.31 119.66 265.37
2013-03-31 2,571.31 91.81 266.49
2012-12-31 2,518.09 49.61 252.89
2012-09-30 2,515.79 51.44 251.86
2012-06-30 2,510.03 46.74 247.55
2012-03-31 2,532.61 33.08 239.72
2011-12-31 2,559.94 16.05 246.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Indah Kiat Pulp & Paper has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indah Kiat Pulp & Paper used its assets more efficiently than the US Forestry industry average last year based on Return on Assets.
  • Indah Kiat Pulp & Paper has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Indah Kiat Pulp & Paper's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Indah Kiat Pulp & Paper has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Indah Kiat Pulp & Paper's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Indah Kiat Pulp & Paper's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indah Kiat Pulp & Paper is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indah Kiat Pulp & Paper's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indah Kiat Pulp & Paper's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Indah Kiat Pulp & Paper Company Filings, last reported 1 month ago.

OTCPK:PIKQ.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 3,693.01 4,387.36 1,412.31
2018-06-30 3,517.79 4,208.60 1,302.14
2018-03-31 3,372.17 4,145.78 1,140.66
2017-12-31 3,217.65 4,014.58 976.40
2017-09-30 3,097.09 3,836.49 544.77
2017-06-30 2,983.27 3,849.09 307.99
2017-03-31 2,907.81 3,647.23 136.47
2016-12-31 2,819.39 3,748.67 216.22
2016-09-30 2,718.13 3,731.45 114.21
2016-06-30 2,663.75 3,824.41 225.05
2016-03-31 2,652.39 3,817.26 130.73
2015-12-31 2,623.10 3,926.03 176.47
2015-09-30 2,579.04 3,651.72 151.65
2015-06-30 2,499.67 3,568.17 91.06
2015-03-31 2,469.98 3,539.98 99.65
2014-12-31 2,400.51 3,615.35 123.79
2014-09-30 2,370.05 3,664.95 91.15
2014-06-30 2,332.60 3,664.35 137.70
2014-03-31 2,294.00 3,869.55 79.37
2013-12-31 2,294.00 3,869.55 79.37
2013-09-30 2,217.74 3,940.91 70.18
2013-06-30 2,158.85 3,912.68 52.86
2013-03-31 2,120.27 3,812.79 62.19
2012-12-31 2,072.80 3,879.83 145.54
2012-09-30 2,044.90 3,764.00 47.58
2012-06-30 2,039.08 3,749.57 99.91
2012-03-31 2,028.36 3,670.51 73.32
2011-12-31 2,023.10 3,641.10 62.00
  • Indah Kiat Pulp & Paper's level of debt (118.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (177.6% vs 118.8% today).
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Indah Kiat Pulp & Paper's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Indah Kiat Pulp & Paper has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Indah Kiat Pulp & Paper's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.9%
Current annual income from Indah Kiat Pulp & Paper dividends. Estimated to be 1.26% next year.
If you bought $2,000 of Indah Kiat Pulp & Paper shares you are expected to receive $18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Indah Kiat Pulp & Paper's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.35%).
  • Indah Kiat Pulp & Paper's dividend is below the markets top 25% of dividend payers in United States of America (3.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PIKQ.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Forestry Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1978 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PIKQ.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.01 2.00
2019-12-31 0.01 2.00
2018-12-31 0.01 2.00
OTCPK:PIKQ.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-07-30 0.007 0.624
2018-03-28 0.007 0.662
2017-07-31 0.002 0.600
2017-03-30 0.002 1.351
2016-07-29 0.002 2.405
2016-06-06 0.002 2.676
2016-03-31 0.002 2.697
2015-07-31 0.002 2.818
2015-03-27 0.002 2.595
2014-07-25 0.002 2.254
2014-03-19 0.002 1.842

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indah Kiat Pulp & Paper has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Indah Kiat Pulp & Paper only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Indah Kiat Pulp & Paper's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (15.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (14.2x coverage).
X
Income/ dividend checks
We assess Indah Kiat Pulp & Paper's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Indah Kiat Pulp & Paper afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indah Kiat Pulp & Paper has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Indah Kiat Pulp & Paper's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hendra Kosasih
AGE 58
TENURE AS CEO 1.4 years
CEO Bio

Mr. Hendra Jaya Kosasih has been President Director at PT Indah Kiat Pulp & Paper Tbk since June 12, 2017 and served as its Vice President Director from 1997 to June 2017. He serves as President Director at PT Lontar Papyrus Pulp & Paper Industry. He serves as Vice President Director Pabrik Kertas Tjiwi Kimia Tbk PT, PT. Pindo Deli Pulp and Paper Mills. Mr. Kosasih served as a Vice President Director at PT Lontar Papyrus Pulp & Paper Industry. He started his career of Prasetio, Utomo & Co. in 1984. Mr. Kosasih has been a Director of Pabrik Kertas Tjiwi Kimia tbk PT since April 23, 2002 and Indah Kiat Pulp & Paper Tbk in 1987 and served as the President Director from 1994 to 2001. He Graduated in Economics from Trisakti University in Jakarta.

CEO Compensation
  • Insufficient data for Hendra to compare compensation growth.
  • Insufficient data for Hendra to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Indah Kiat Pulp & Paper management team in years:

1.4
Average Tenure
49
Average Age
  • The average tenure for the Indah Kiat Pulp & Paper management team is less than 2 years, this suggests a new team.
Management Team

Hendra Kosasih

TITLE
President Director
AGE
58
TENURE
1.4 yrs

Antonius Lokananta

TITLE
Head of Internal Audit
AGE
48
TENURE
2.2 yrs

Heri Santoso

TITLE
Director & Corporate Secretary
AGE
49
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Indah Kiat Pulp & Paper board of directors in years:

9.3
Average Tenure
64
Average Age
  • The tenure for the Indah Kiat Pulp & Paper board of directors is about average.
Board of Directors

Suresh Kilam

TITLE
Vice President Director
AGE
67
TENURE
13.3 yrs

Hendra Kosasih

TITLE
President Director
AGE
58
TENURE
1.4 yrs

Cheng Lan

TITLE
Vice President Director
AGE
62
TENURE
1.4 yrs

Heri Santoso

TITLE
Director & Corporate Secretary
AGE
49
TENURE
1.4 yrs

- Ramelan

TITLE
Independent Commissioner
AGE
73
TENURE
11.4 yrs

Pande Raka

TITLE
Independent Commissioner
AGE
74
TENURE
11.2 yrs

Saleh Husin

TITLE
President Commissioner
AGE
55
TENURE
1.4 yrs

Didi Harsa

TITLE
Director
AGE
70
TENURE
15.4 yrs

Agustian Partawidjaja

TITLE
Director
AGE
66
TENURE
15.4 yrs

Kurniawan Yuwono

TITLE
Director
AGE
49
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Indah Kiat Pulp & Paper's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Indah Kiat Pulp & Paper has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
Loading...
Simply Wall St News

Company Info

Map
Description

PT Indah Kiat Pulp & Paper Tbk manufactures and distributes cultural paper, pulp, and industrial paper in Indonesia, Asia, North and South America, Australia, Africa, and Europe. It operates in two segments, Cultural Paper and Pulp, and Industrial Paper Products. The Cultural Paper and Pulp segment offers cultural paper and other related cultural paper products, and pulp. The Industrial Paper Products segment provides linerboards, corrugating mediums, corrugated shipping containers, and boxboards, as well as sells chemical by-products. The company is also involved in financing, investment, trading, and service businesses. The company was founded in 1976 and is headquartered in Jakarta, Indonesia. PT Indah Kiat Pulp & Paper Tbk is a subsidiary of PT Purinusa Ekapersada.

Details
Name: PT Indah Kiat Pulp & Paper Tbk
PIKQ.F
Exchange: OTCPK
Founded: 1976
IDR3,995,291,040
5,470,982,941
Website: http://www.ikserang.com
Address: PT Indah Kiat Pulp & Paper Tbk
Tower II,
7th Floor,
Jakarta,
10350,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX INKP Common Stock Indonesia Stock Exchange ID IDR 02. Jan 1992
OTCPK PIKQ.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB IKP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
13,000
Indah Kiat Pulp & Paper employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/05 21:21
End of day share price update: 2018/08/08 00:00
Last estimates confirmation: 2018/10/31
Last earnings filing: 2018/10/31
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.