Financials PT Sawit Sumbermas Sarana Tbk.

Equities

End-of-day quote INDONESIA S.E. Other stock markets 03:30:00 26/04/2024 am IST			5-day change	1st Jan Change
1,005 ^IDR	+3.61%		-0.50%	-3.83%

03/04	PT Sawit Sumbermas Sarana Tbk. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	PT Sawit Sumbermas Sarana Tbk. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	80,48,625	1,19,06,250	91,91,625	1,40,01,750	99,53,625	95,72,625	-
Enterprise Value (EV) ²	8,049	11,906	9,192	14,002	9,954	14,535	14,291
P/E ratio	687 x	20.6 x	6.06 x	7.62 x	19.4 x	11.6 x	8.05 x
Yield	-	-	8.31%	-	-	4.31%	6.22%
Capitalization / Revenue	2.46 x	2.97 x	1.77 x	1.93 x	0.89 x	1.66 x	1.62 x
EV / Revenue	2.46 x	2.97 x	1.77 x	1.93 x	0.89 x	2.52 x	2.41 x
EV / EBITDA	10.8 x	7.8 x	4.46 x	5.87 x	6.69 x	9.78 x	7.8 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.99 x	2.46 x	1.51 x	-	-	1.32 x	1.22 x
Nbr of stocks (in thousands)	95,25,000	95,25,000	95,25,000	95,25,000	95,25,000	95,25,000	-
Reference price ³	845.0	1,250	965.0	1,470	1,045	1,005	1,005
Announcement Date	27/04/20	02/04/21	06/04/22	04/04/23	03/04/24	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,278	4,011	5,203	7,261	11,240	5,776	5,925
EBITDA ¹	742.9	1,526	2,060	2,386	1,488	1,486	1,831
EBIT ¹	446.4	1,206	1,768	2,259	1,108	1,130	1,465
Operating Margin	13.62%	30.08%	33.98%	31.1%	9.85%	19.56%	24.73%
Earnings before Tax (EBT) ¹	154.6	899.5	1,874	2,276	552.1	943	1,415
Net income ¹	11.68	576.6	1,516	1,837	512.3	704	1,070
Net margin	0.36%	14.38%	29.13%	25.3%	4.56%	12.19%	18.06%
EPS ²	1.230	60.54	159.1	192.9	53.78	86.50	124.9
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	80.15	-	-	43.30	62.50
Announcement Date	27/04/20	02/04/21	06/04/22	04/04/23	03/04/24	-	-

¹IDR in Billions²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	4,962	4,718
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	3.339 x	2.577 x
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	0.29%	13%	27.8%	-	-	11.5%	15.3%
ROA (Net income/ Total Assets)	0.1%	4.68%	11.4%	-	-	6.1%	8.6%
Assets ¹	11,576	12,310	13,313	-	-	11,541	12,442
Book Value Per Share ²	425.0	509.0	638.0	-	-	760.0	823.0
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	462	214	266	-	-	376	376
Capex / Sales	14.11%	5.35%	5.11%	-	-	6.51%	6.35%
Announcement Date	27/04/20	02/04/21	06/04/22	04/04/23	03/04/24	-	-

¹IDR in Billions²IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,005 IDR

Average target price

1,315 IDR

Spread / Average Target

+30.85%

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