Financials PT Malindo Feedmill Tbk

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ID1000119407

Fishing & Farming

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
625 ^IDR	0.00%		+11.61%	+21.36%

May. 14	PT Malindo Feedmill Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 28	PT Malindo Feedmill Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,249,944	1,656,675	1,499,962	1,096,988	1,152,956	1,399,219	-	-
Enterprise Value (EV) ¹	2,251,773	1,656,675	1,499,962	1,099,220	1,152,956	1,399,219	1,399,219	1,399,219
P/E ratio	14.8 x	-43.5 x	24.8 x	40.8 x	18.4 x	10.8 x	6.57 x	4.61 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.3 x	0.24 x	0.16 x	0.1 x	0.1 x	0.11 x	0.11 x	0.11 x
EV / Revenue	0.3 x	0.24 x	0.16 x	0.1 x	0.1 x	0.11 x	0.11 x	0.11 x
EV / EBITDA	3.64 x	3.57 x	4.22 x	2.5 x	2.07 x	2.04 x	1.9 x	1.67 x
EV / FCF	-11,429,052 x	-42,656,737 x	-2,466,080 x	-143,906,526 x	-	-	-	-
FCF Yield	-0%	-0%	-0%	-0%	-	-	-	-
Price to Book	1.11 x	0.83 x	0.73 x	0.53 x	0.54 x	0.53 x	0.49 x	0.45 x
Nbr of stocks (in thousands)	2,238,750	2,238,750	2,238,750	2,238,750	2,238,750	2,238,750	-	-
Reference price ²	1,005	740.0	670.0	490.0	515.0	625.0	625.0	625.0
Announcement Date	4/30/20	3/31/21	3/31/22	5/3/23	3/28/24	-	-	-

¹IDR in Million²IDR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,455	7,001	9,131	11,102	12,058	12,659	12,918	13,193
EBITDA ¹	617.4	464.4	355.4	438.4	555.8	687	737	838
EBIT ¹	377.9	200.1	87.1	165	372.7	413	457	553
Operating Margin	5.07%	2.86%	0.95%	1.49%	3.09%	3.26%	3.54%	4.19%
Earnings before Tax (EBT) ¹	248.8	20.07	76.26	31.83	111.4	179	295	419
Net income ¹	152.5	-38.84	60.38	26.24	63.37	129	213	304
Net margin	2.05%	-0.55%	0.66%	0.24%	0.53%	1.02%	1.65%	2.3%
EPS ²	68.00	-17.00	27.00	12.00	28.00	57.70	95.20	135.6
Free Cash Flow	-196,862	-38,837	-608,237	-7,623	-	-	-	-
FCF margin	-2,640.7%	-554.77%	-6,661.51%	-68.66%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/30/20	3/31/21	3/31/22	5/3/23	3/28/24	-	-	-

¹IDR in Billions²IDR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S1	2020 S2	2022 Q4
Net sales ¹	-	3,808	2,731
EBITDA	-	-	-
EBIT	-	195	-
Operating Margin	-	5.12%	-
Earnings before Tax (EBT)	-	-	-
Net income	-44.22	5.382	-
Net margin	-	0.14%	-
EPS	-20.00	-	-
Dividend per Share	-	-	-
Announcement Date	8/3/20	3/31/21	5/3/23

¹IDR in Billions

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	1,829	-	-	2,233	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.963 x	-	-	5.093 x	-	-	-	-
Free Cash Flow	-196,862	-38,837	-608,237	-7,623	-	-	-	-
ROE (net income / shareholders' equity)	7.76%	-1.93%	2.99%	1.27%	3%	5%	7.8%	10.1%
ROA (Net income/ Total Assets)	3.39%	-0.83%	1.19%	0.47%	1.13%	2.3%	3.7%	5.1%
Assets ¹	4,492	4,661	5,055	5,591	5,632	5,609	5,757	5,961
Book Value Per Share ²	907.0	887.0	917.0	928.0	957.0	1,174	1,269	1,404
Cash Flow per Share	-	127.0	-272.0	120.0	-	-	-	-
Capex ¹	510	323	335	277	103	105	109	112
Capex / Sales	6.84%	4.62%	3.67%	2.49%	0.86%	0.83%	0.84%	0.85%
Announcement Date	4/30/20	3/31/21	3/31/22	5/3/23	3/28/24	-	-	-

¹IDR in Billions²IDR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for PT Malindo Feedmill Tbk

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

625 IDR

Average target price

625 IDR

Spread / Average Target

0.00%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Animal Feed