Financials PT Wismilak Inti Makmur Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 03:30:00 03/05/2024 am IST			5-day change	1st Jan Change
1,160 ^IDR	+2.20%		+5.45%	-34.65%

30/04	PT Wismilak Inti Makmur Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
27/03	PT Wismilak Inti Makmur Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2022	2024	2025
Capitalization ¹	13,22,920	24,07,897	-
Enterprise Value (EV) ²	1,323	1,263	1,016
P/E ratio	5.28 x	4.39 x	4.33 x
Yield	-	13.3%	13.7%
Capitalization / Revenue	0.36 x	0.43 x	0.39 x
EV / Revenue	0.36 x	0.23 x	0.17 x
EV / EBITDA	-	1.6 x	1.24 x
EV / FCF	-	2.98 x	2.64 x
FCF Yield	-	33.6%	37.9%
Price to Book	-	1.1 x	0.97 x
Nbr of stocks (in thousands)	20,99,874	20,75,773	-
Reference price ³	630.0	1,160	1,160
Announcement Date	29/03/23	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2022	2024	2025
Net sales ¹	3,704	5,570	6,103
EBITDA ¹	-	791.4	820.1
EBIT ¹	-	729.7	752.7
Operating Margin	-	13.1%	12.33%
Earnings before Tax (EBT) ¹	-	703.3	712.4
Net income ¹	-	555.5	562.7
Net margin	-	9.97%	9.22%
EPS ²	119.3	264.5	268.0
Free Cash Flow ³	-	4,24,182	3,84,723
FCF margin	-	7,615.3%	6,303.34%
FCF Conversion (EBITDA)	-	53,601.51%	46,909.97%
FCF Conversion (Net income)	-	76,358.61%	68,371.5%
Dividend per Share ²	-	153.8	158.9
Announcement Date	29/03/23	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2022	2024	2025
Net Debt ¹	-	-	-
Net Cash position ¹	-	1,145	1,392
Leverage (Debt/EBITDA)	-	-	-
Free Cash Flow ²	-	4,24,182	3,84,723
ROE (net income / shareholders' equity)	-	28.3%	25.8%
ROA (Net income/ Total Assets)	-	19.2%	17.8%
Assets ¹	-	2,901	3,161
Book Value Per Share ³	-	1,055	1,193
Cash Flow per Share	-	-	-
Capex ¹	-	143	149
Capex / Sales	-	2.57%	2.44%
Announcement Date	29/03/23	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,160 IDR

Average target price

2,050 IDR

Spread / Average Target

+76.72%

	1st Jan change	Capi.
PT WISMILAK INTI MAKMUR TBK	-34.65%	150M
ALTRIA GROUP, INC.	+8.06%	74.87B
ITC LIMITED	-5.55%	65.34B
JAPAN TOBACCO, INC.	+18.05%	49.96B
KT&G CORPORATION	+5.98%	7.67B
PT HANJAYA MANDALA SAMPOERNA TBK	-12.85%	5.65B
RLX TECHNOLOGY INC.	+4.00%	2.64B
PT GUDANG GARAM TBK	-11.81%	2.15B
BRITISH AMERICAN TOBACCO BANGLADESH COMPANY LIMITED	-28.86%	1.82B
SCANDINAVIAN TOBACCO GROUP A/S	-13.04%	1.23B