Financials PT Barito Pacific Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
980 ^IDR	0.00%		-2.00%	-26.32%

May. 02	PT Barito Pacific Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 29	PT Barito Pacific Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	133,655,469	102,137,555	79,675,009	70,652,531	124,437,151	91,690,532	-
Enterprise Value (EV) ²	163,166	127,374	97,213	100,416	124,437	117,721	118,231
P/E ratio	192 x	1,902 x	50.9 x	2,524 x	299 x	89.1 x	75.4 x
Yield	-	0.25%	0.37%	-	-	0.55%	0.94%
Capitalization / Revenue	3.4 x	3.03 x	1.76 x	1.59 x	2.84 x	1.84 x	1.87 x
EV / Revenue	4.15 x	3.77 x	2.15 x	2.27 x	2.84 x	2.36 x	2.41 x
EV / EBITDA	18.5 x	14.7 x	8.5 x	15.1 x	14.4 x	9 x	7.9 x
EV / FCF	-522 x	30.3 x	31.7 x	-21.5 x	-	31.8 x	-116 x
FCF Yield	-0.19%	3.3%	3.15%	-4.65%	-	3.15%	-0.86%
Price to Book	6.94 x	5.36 x	3.17 x	2.99 x	-	3.22 x	2.98 x
Nbr of stocks (in thousands)	88,886,244	93,243,280	93,579,512	93,579,512	93,561,767	93,561,767	-
Reference price ³	1,504	1,095	851.4	755.0	1,330	980.0	980.0
Announcement Date	3/30/20	3/29/21	3/31/22	3/31/23	3/29/24	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	39,326	33,757	45,295	44,302	43,796	49,855	49,050
EBITDA ¹	8,835	8,679	11,439	6,664	8,661	13,084	14,961
EBIT ¹	6,962	6,152	8,948	4,025	5,554	10,253	11,910
Operating Margin	17.7%	18.22%	19.76%	9.09%	12.68%	20.57%	24.28%
Earnings before Tax (EBT) ¹	4,529	3,536	6,908	2,325	3,542	8,188	9,899
Net income ¹	722.4	524.6	1,564	26.31	414.4	2,487	2,215
Net margin	1.84%	1.55%	3.45%	0.06%	0.95%	4.99%	4.52%
EPS ²	7.824	0.5760	16.72	0.2992	4.442	11.00	13.00
Free Cash Flow ³	-312,861	4,209,483	3,063,808	-4,666,251	-	3,703,535	-1,017,280
FCF margin	-795.56%	12,470.04%	6,764.13%	-10,532.93%	-	7,428.55%	-2,073.97%
FCF Conversion (EBITDA)	-	48,501.65%	26,784.94%	-	-	28,304.93%	-
FCF Conversion (Net income)	-	802,425.98%	195,849.54%	-	-	148,938.87%	-
Dividend per Share ²	-	2.713	3.109	-	-	5.419	9.243
Announcement Date	3/30/20	3/29/21	3/31/22	3/31/23	3/29/24	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	29,511	25,236	17,538	29,763	-	26,031	26,541
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.34 x	2.908 x	1.533 x	4.466 x	-	1.989 x	1.774 x
Free Cash Flow ²	-312,861	4,209,483	3,063,808	-4,666,251	-	3,703,535	-1,017,280
ROE (net income / shareholders' equity)	3.76%	2.9%	7.09%	0.11%	-	9.06%	7.62%
ROA (Net income/ Total Assets)	0.62%	0.48%	1.29%	0.02%	-	1.59%	1.35%
Assets ¹	116,424	108,298	121,363	138,489	-	156,686	164,333
Book Value Per Share ³	217.0	204.0	269.0	253.0	-	304.0	329.0
Cash Flow per Share	81.30	-	56.20	-20.90	-	-	-
Capex ¹	7,831	2,025	2,276	2,679	-	3,974	6,227
Capex / Sales	19.91%	6%	5.02%	6.05%	-	7.97%	12.69%
Announcement Date	3/30/20	3/29/21	3/31/22	3/31/23	3/29/24	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

980 IDR

Average target price

845 IDR

Spread / Average Target

-13.78%

	1st Jan change	Capi.
PT BARITO PACIFIC TBK	-26.32%	5.71B
AIR LIQUIDE	+5.97%	105B
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PT CHANDRA ASRI PACIFIC TBK	+51.90%	42.95B
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LYONDELLBASELL INDUSTRIES N.V.	+6.62%	33.01B
WESTLAKE CORPORATION	+13.00%	20.33B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+15.64%	17.29B
HENGLI PETROCHEMICAL CO.,LTD.	+22.55%	15.72B
RONGSHENG PETROCHEMICAL CO., LTD.	+7.34%	14.72B