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Indocement Tunggal Prakarsa

DB:ITP
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ITP
DB
IDR45,647B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement and ready mix concrete products in Indonesia and internationally. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Indocement Tunggal Prakarsa has significant price volatility in the past 3 months.
ITP Share Price and Events
7 Day Returns
5.2%
DB:ITP
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
-48.2%
DB:ITP
-26.7%
Europe Basic Materials
-16.6%
DE Market
ITP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indocement Tunggal Prakarsa (ITP) 5.2% -22% -39.3% -48.2% -39.1% -55.6%
Europe Basic Materials 6.6% -18.2% -32.2% -26.7% -36.7% -34%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • ITP underperformed the Basic Materials industry which returned -26.7% over the past year.
  • ITP underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
ITP
Industry
5yr Volatility vs Market

ITP Value

 Is Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa.

DB:ITP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:ITP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.9%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 25%) (0.24%))
0.879
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.879 * 7.85%)
6.51%

Discounted Cash Flow Calculation for DB:ITP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indocement Tunggal Prakarsa is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:ITP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (IDR, Millions) Source Present Value
Discounted (@ 6.51%)
2020 2,045,675.00 Analyst x4 1,920,681.36
2021 2,358,000.00 Analyst x7 2,078,649.04
2022 1,817,550.00 Analyst x2 1,504,327.59
2023 1,680,436.78 Est @ -7.54% 1,305,860.89
2024 1,589,731.95 Est @ -5.4% 1,159,891.39
2025 1,527,805.75 Est @ -3.9% 1,046,598.84
2026 1,484,358.47 Est @ -2.84% 954,705.85
2027 1,453,073.55 Est @ -2.11% 877,479.69
2028 1,429,935.57 Est @ -1.59% 810,745.66
2029 1,412,323.87 Est @ -1.23% 751,832.58
Present value of next 10 years cash flows IDR12,410,772.00
DB:ITP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= IDR1,412,323.87 × (1 + -0.39%) ÷ (6.51% – -0.39%)
IDR20,395,209.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= IDR20,395,209.08 ÷ (1 + 6.51%)10
IDR10,857,129.18
DB:ITP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= IDR12,410,772.00 + IDR10,857,129.18
IDR23,267,901.18
Equity Value per Share
(IDR)
= Total value / Shares Outstanding
= IDR23,267,901.18 / 3,681.23
IDR6320.68
DB:ITP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ITP represents 6.0E-5x of IDX:INTP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
6.0E-5x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 6,320.68 x 6.0E-5
€0.36
Value per share (EUR) From above. €0.36
Current discount Discount to share price of €0.71
= -1 x (€0.71 - €0.36) / €0.36
-96.2%

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

  • The current share price of Indocement Tunggal Prakarsa is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Indocement Tunggal Prakarsa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indocement Tunggal Prakarsa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ITP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in IDR IDR498.56
IDX:INTP Share Price ** IDX (2020-04-07) in IDR IDR12400
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.52x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Indocement Tunggal Prakarsa.

DB:ITP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:INTP Share Price ÷ EPS (both in IDR)

= 12400 ÷ 498.56

24.87x

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

  • Indocement Tunggal Prakarsa is overvalued based on earnings compared to the Europe Basic Materials industry average.
  • Indocement Tunggal Prakarsa is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Indocement Tunggal Prakarsa's expected growth come at a high price?
Raw Data
DB:ITP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
6.9%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:ITP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.87x ÷ 6.9%

3.59x

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

  • Indocement Tunggal Prakarsa is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Indocement Tunggal Prakarsa's assets?
Raw Data
DB:ITP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in IDR IDR6,269.71
IDX:INTP Share Price * IDX (2020-04-07) in IDR IDR12400
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.85x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:ITP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:INTP Share Price ÷ Book Value per Share (both in IDR)

= 12400 ÷ 6,269.71

1.98x

* Primary Listing of Indocement Tunggal Prakarsa.

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

  • Indocement Tunggal Prakarsa is overvalued based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess Indocement Tunggal Prakarsa'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Indocement Tunggal Prakarsa has a total score of 0/6, 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.

ITP Future Performance

 How is Indocement Tunggal Prakarsa expected to perform in the next 1 to 3 years based on estimates from 18 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indocement Tunggal Prakarsa expected to grow at an attractive rate?
  • Indocement Tunggal Prakarsa's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Indocement Tunggal Prakarsa's earnings growth is positive but not above the Germany market average.
  • Indocement Tunggal Prakarsa's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ITP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ITP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 6.9%
DB:ITP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 4%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:ITP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in IDR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ITP Future Estimates Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 17,719,614 2,614,050 2,059,187 6
2021-12-31 17,531,797 3,558,182 2,210,166 15
2020-12-31 16,599,485 3,252,131 1,658,641 18
2020-04-07
DB:ITP Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2019-12-31 15,939,348 3,530,772 1,835,305
2019-09-30 15,765,335 3,057,714 1,704,034
2019-06-30 15,688,485 2,762,155 1,430,859
2019-03-31 15,483,531 2,134,560 1,278,617
2018-12-31 15,190,283 1,984,532 1,145,937
2018-09-30 14,691,492 1,958,381 1,071,029
2018-06-30 14,371,901 2,128,669 1,313,084
2018-03-31 14,494,307 2,640,089 1,632,521
2017-12-31 14,431,211 2,781,805 1,859,818
2017-09-30 14,527,940 3,063,360 2,129,234
2017-06-30 14,163,708 2,818,034 2,342,994
2017-03-31 14,809,583 2,937,402 3,403,873

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indocement Tunggal Prakarsa's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Indocement Tunggal Prakarsa's revenue is expected to grow by 4% 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
DB:ITP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Indocement Tunggal Prakarsa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ITP Future Estimates Data
Date (Data in IDR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 582.66 648.23 461.00 6.00
2021-12-31 614.07 893.00 428.00 17.00
2020-12-31 458.80 520.92 301.00 12.00
2020-04-07
DB:ITP Past Financials Data
Date (Data in IDR Millions) EPS *
2019-12-31 498.56
2019-09-30 462.90
2019-06-30 388.69
2019-03-31 347.33
2018-12-31 311.29
2018-09-30 290.94
2018-06-30 356.70
2018-03-31 443.47
2017-12-31 505.22
2017-09-30 578.40
2017-06-30 636.47
2017-03-31 924.66

*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.
  • Indocement Tunggal Prakarsa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Indocement Tunggal Prakarsa'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Indocement Tunggal Prakarsa has a total score of 2/6, 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.

ITP Past Performance

  How has Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa's growth in the last year to its industry (Basic Materials).
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.
  • Indocement Tunggal Prakarsa's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Indocement Tunggal Prakarsa's 1-year earnings growth exceeds its 5-year average (60.2% vs -31.5%)
  • Indocement Tunggal Prakarsa's earnings growth has exceeded the Europe Basic Materials industry average in the past year (60.2% vs 20.8%).
Earnings and Revenue History
Indocement Tunggal Prakarsa'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 Indocement Tunggal Prakarsa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ITP Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 15,939,348.00 1,835,305.00 3,496,475.00
2019-09-30 15,765,335.00 1,704,034.00 3,426,781.00
2019-06-30 15,688,485.00 1,430,859.00 3,405,035.00
2019-03-31 15,483,531.00 1,278,617.00 3,346,163.00
2018-12-31 15,190,283.00 1,145,937.00 3,315,974.00
2018-09-30 14,691,492.00 1,071,029.00 3,284,440.00
2018-06-30 14,371,901.00 1,313,084.00 3,188,984.00
2018-03-31 14,494,307.00 1,632,521.00 3,167,090.00
2017-12-31 14,431,211.00 1,859,818.00 3,071,085.00
2017-09-30 14,527,940.00 2,129,234.00 2,934,791.00
2017-06-30 14,163,708.00 2,342,994.00 2,773,284.00
2017-03-31 14,809,583.00 3,403,873.00 2,748,723.00
2016-12-31 15,361,894.00 3,870,319.00 2,704,824.00
2016-09-30 16,258,415.00 4,285,817.00 2,706,024.00
2016-06-30 16,665,153.00 4,476,602.00 2,719,767.00
2016-03-31 17,399,241.00 4,168,788.00 2,797,211.00
2015-12-31 17,798,055.00 4,356,661.00 2,870,855.00
2015-09-30 18,715,555.00 4,780,080.00 3,037,070.00
2015-06-30 19,372,476.00 5,081,352.00 3,149,269.00
2015-03-31 19,824,027.00 5,302,586.00 3,181,510.00
2014-12-31 19,996,264.00 5,290,279.00 3,216,939.00
2014-09-30 19,510,137.00 5,130,628.00 3,054,436.00
2014-06-30 19,272,176.00 5,107,207.00 2,904,175.00
2014-03-31 18,971,989.00 4,997,651.00 2,783,721.00
2013-12-31 18,691,286.00 5,010,240.00 2,669,511.00
2013-09-30 18,267,689.00 5,001,711.00 2,557,489.00
2013-06-30 18,015,377.00 5,016,509.00 2,519,772.00

*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.
  • Indocement Tunggal Prakarsa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indocement Tunggal Prakarsa used its assets less efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • Indocement Tunggal Prakarsa's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Indocement Tunggal Prakarsa'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 Basic Materials 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.
Indocement Tunggal Prakarsa has a total score of 2/6, 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.

ITP Health

 How is Indocement Tunggal Prakarsa'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 Indocement Tunggal Prakarsa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indocement Tunggal Prakarsa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indocement Tunggal Prakarsa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indocement Tunggal Prakarsa'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.
  • Indocement Tunggal Prakarsa has no debt, it does not need to be covered by short term assets.
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 Indocement Tunggal Prakarsa Company Filings, last reported 3 months ago.

DB:ITP Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 23,080,261.00 0.00 7,651,750.00
2019-09-30 22,372,354.00 0.00 6,026,375.00
2019-06-30 21,836,655.00 0.00 5,689,401.00
2019-03-31 23,618,303.00 0.00 6,979,294.00
2018-12-31 23,221,589.00 0.00 7,225,876.00
2018-09-30 22,599,659.00 0.00 5,778,773.00
2018-06-30 22,336,317.00 0.00 5,545,386.00
2018-03-31 24,821,731.00 0.00 7,972,613.00
2017-12-31 24,556,507.00 0.00 8,294,891.00
2017-09-30 24,127,176.00 0.00 6,967,987.00
2017-06-30 23,621,349.00 0.00 6,531,929.00
2017-03-31 26,630,305.00 0.00 9,346,294.00
2016-12-31 26,138,703.00 0.00 9,674,030.00
2016-09-30 25,477,930.00 0.00 7,897,846.00
2016-06-30 24,761,160.00 0.00 7,949,285.00
2016-03-31 24,821,132.00 0.00 8,847,163.00
2015-12-31 23,865,950.00 0.00 8,655,562.00
2015-09-30 22,781,408.00 0.00 6,533,653.00
2015-06-30 21,862,890.00 0.00 6,634,750.00
2015-03-31 25,696,146.00 0.00 10,793,342.00
2014-12-31 24,577,013.00 0.00 11,256,129.00
2014-09-30 23,262,459.00 0.00 9,625,181.00
2014-06-30 22,127,527.00 0.00 13,821,844.00
2014-03-31 24,044,456.00 0.00 12,486,443.00
2013-12-31 22,977,687.00 0.00 12,595,187.00
2013-09-30 21,570,381.00 0.00 11,017,225.00
2013-06-30 20,199,007.00 0.00 11,979,879.00
  • Indocement Tunggal Prakarsa has no debt.
  • Indocement Tunggal Prakarsa has not taken on any debt in the past 5 years.
  • Indocement Tunggal Prakarsa has no debt, it does not need to be covered by operating cash flow.
  • Indocement Tunggal Prakarsa has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Indocement Tunggal Prakarsa'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. Indocement Tunggal Prakarsa has a total score of 6/6, 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.

ITP Dividends

 What is Indocement Tunggal Prakarsa'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
4.44%
Current annual income from Indocement Tunggal Prakarsa dividends. Estimated to be 3.53% next year.
If you bought €2,000 of Indocement Tunggal Prakarsa shares you are expected to receive €89 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?
  • Indocement Tunggal Prakarsa's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Indocement Tunggal Prakarsa's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
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
DB:ITP 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 18 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:ITP Future Dividends Estimate Data
Date (Data in IDR) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 460.55 5.00
2021-12-31 467.17 13.00
2020-12-31 396.79 12.00
2020-04-07
DB:ITP Past Annualized Dividends Data
Date (Data in IDR) Dividend per share (annual) Avg. Yield (%)
2019-07-29 550.000 3.082
2019-03-20 550.000 2.639
2018-07-30 700.000 3.945
2018-04-30 0.000 0.000
2018-03-22 700.000 3.937
2017-07-31 929.000 4.605
2017-04-28 0.000 0.000
2017-04-10 929.000 5.615
2017-03-17 929.000 5.615
2016-07-29 415.000 2.550
2016-03-18 415.000 2.346
2015-07-31 1,350.000 6.955
2015-03-18 1,350.000 6.186
2014-10-31 900.000 3.771
2014-07-25 900.000 3.823
2014-03-18 900.000 3.816
2013-10-31 450.000 2.181
2013-08-12 450.000 2.302
2013-03-11 450.000 1.921
2013-02-28 293.000 1.300
2012-07-30 263.000 1.230
2012-03-22 293.000 1.627
2011-10-17 263.000 1.590
2011-07-29 263.000 1.864

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

  • Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Indocement Tunggal Prakarsa's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Indocement Tunggal Prakarsa'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 Indocement Tunggal Prakarsa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indocement Tunggal Prakarsa 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.

ITP Management

 What is the CEO of Indocement Tunggal Prakarsa'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
Christian Kartawijaya
AGE 51
TENURE AS CEO 5.9 years
CEO Bio

Mr. Christian Kartawijaya has been President Director of Indocement Tunggal Prakarsa Tbk Pt since May 1, 2014 and its Director since January 1, 2014. Mr. Kartawijaya served as Director of Finance and Deputy Director of Finance at Indocement Tunggal Prakarsa until 2010. He holds a degree in Civil Engineering from Trisakti University, a Master of Business Administration degree in Finance from San Diego State University, San Diego, California and MACE, SWBTS, Fort Worth, Texas, United States.

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

Average tenure and age of the Indocement Tunggal Prakarsa management team in years:

4.3
Average Tenure
46.5
Average Age
  • The tenure for the Indocement Tunggal Prakarsa management team is about average.
Management Team

Christian Kartawijaya

TITLE
President Director
AGE
51
TENURE
5.9 yrs

Hendrikus Amino

TITLE
Special Audit & Administration Group Head

David Halim

TITLE
Investor Relation Officer
AGE
41
TENURE
2.3 yrs

Indra Andhika

TITLE
RBAG 1 Head

Martinus Budianto

TITLE
RBAG 2 Head

- Hermanto

TITLE
RBAG 3 Head

Prayudhi Kesuma

TITLE
Head of Internal Audit Division & Internal Audit Division Manager
AGE
47
TENURE
5.2 yrs

Oey Marcos

TITLE
Corporate Secretary & Director
AGE
46
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Indocement Tunggal Prakarsa board of directors in years:

6.7
Average Tenure
54.5
Average Age
  • The tenure for the Indocement Tunggal Prakarsa board of directors is about average.
Board of Directors

Franciscus Welirang

TITLE
Vice President Director
AGE
67
TENURE
8.9 yrs

Christian Kartawijaya

TITLE
President Director
AGE
51
TENURE
5.9 yrs

Oey Marcos

TITLE
Corporate Secretary & Director
AGE
46
TENURE
1.8 yrs

Kevin Gluskie

TITLE
President Commissioner
AGE
51
TENURE
2.9 yrs

Simon Subrata

TITLE
Vice President Commissioner
AGE
55
TENURE
2.9 yrs

Tedy Djuhar

TITLE
Vice President Commissioner
AGE
67
TENURE
8.9 yrs

Benny Santoso

TITLE
Director
AGE
61
TENURE
25.8 yrs

Hasan Imer

TITLE
Director
AGE
64
TENURE
11.6 yrs

Ramakanta Bhattacharjee

TITLE
Director
AGE
53
TENURE
7.4 yrs

Troy Soputro

TITLE
Independent Director
AGE
54
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Indocement Tunggal Prakarsa'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. Indocement Tunggal Prakarsa 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.

ITP News

Simply Wall St News

ITP Company Info

Description

PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement and ready mix concrete products in Indonesia and internationally. It operates in three segments: Cement, Ready-Mix Concrete, and Aggregates Quarries. The company offers Portland composite, ordinary Portland, Portland Pozzolan, oil well, white, and TR30 white mortar cement products under the Tiga Roda and Rajawali brand. It also involved in the aggregate and trass quarrying; and shipping and other activities. The company was incorporated in 1985 and is headquartered in Jakarta, Indonesia. PT Indocement Tunggal Prakarsa Tbk is a subsidiary of Birchwood Omnia Limited.

Details
Name: PT Indocement Tunggal Prakarsa Tbk
ITP
Exchange: DB
Founded: 1985
IDR2,557,099,013
3,681,231,699
Website: http://www.indocement.co.id
Address: PT Indocement Tunggal Prakarsa Tbk
Wisma Indocement,
Level 13,
Jakarta,
12910,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX INTP Common Shares Indonesia Stock Exchange ID IDR 02. Jan 1992
OTCPK PITP.F Common Shares Pink Sheets LLC US USD 02. Jan 1992
DB ITP Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK PITP.Y ADR Pink Sheets LLC US USD 28. Dec 2009
Number of employees
Current staff
Staff numbers
5,342
Indocement Tunggal Prakarsa employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:32
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.