Loading...

We've got a brand new version of Simply Wall St! Try it out

Pabrik Kertas Tjiwi Kimia

DB:OB9
Snowflake Description

Proven track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OB9
DB
IDR30,198B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

PT Pabrik Kertas Tjiwi Kimia Tbk manufactures and sells paper products in Indonesia. The last earnings update was 74 days ago. More info.


Add to Portfolio Compare Print
  • Pabrik Kertas Tjiwi Kimia has significant price volatility in the past 3 months.
OB9 Share Price and Events
7 Day Returns
-0.8%
DB:OB9
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-1.5%
DB:OB9
-11.9%
Europe Forestry
3%
DE Market
OB9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pabrik Kertas Tjiwi Kimia (OB9) -0.8% -5.5% -22.3% -1.5% 1642.9% 1226.1%
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • OB9 outperformed the Forestry industry which returned -11.9% over the past year.
  • OB9 underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
OB9
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Pabrik Kertas Tjiwi Kimia's competitors could be found in our database.

Value

 Is Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia.

DB:OB9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:OB9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 25%) (70.02%))
1.727
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.73
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.727 * 5.96%)
10.52%

Discounted Cash Flow Calculation for DB:OB9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pabrik Kertas Tjiwi Kimia 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:OB9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.52%)
2020 35.77 Est @ -22.11% 32.36
2021 30.26 Est @ -15.41% 24.77
2022 27.01 Est @ -10.72% 20.01
2023 25.01 Est @ -7.43% 16.76
2024 23.72 Est @ -5.14% 14.38
2025 22.89 Est @ -3.53% 12.56
2026 22.34 Est @ -2.4% 11.09
2027 21.98 Est @ -1.61% 9.87
2028 21.74 Est @ -1.06% 8.84
2029 21.60 Est @ -0.67% 7.94
Present value of next 10 years cash flows $158.00
DB:OB9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $21.60 × (1 + 0.23%) ÷ (10.52% – 0.23%)
$210.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $210.25 ÷ (1 + 10.52%)10
$77.31
DB:OB9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $158.00 + $77.31
$235.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $235.31 / 3,113.22
$0.08
DB:OB9 Discount to Share Price
Calculation Result
Exchange Rate USD/IDR
(Reporting currency to currency of IDX:TKIM)
14103
Value per Share
(IDR)
= Value per Share in USD x Exchange Rate (USD/IDR)
= $0.08 x 14103
IDR1065.94
Non-primary Listing Adjustment Factor 1 share in DB:OB9 represents 6.0E-5x of IDX:TKIM
(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 1,065.94 x 6.0E-5
€0.07
Value per share (EUR) From above. €0.07
Current discount Discount to share price of €0.61
= -1 x (€0.61 - €0.07) / €0.07
-810%

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

  • The current share price of Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pabrik Kertas Tjiwi Kimia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OB9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.07
IDX:TKIM Share Price ** IDX (2019-10-11) in IDR IDR9700
IDX:TKIM Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.69
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Pabrik Kertas Tjiwi Kimia.

DB:OB9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:TKIM Share Price ÷ EPS (both in USD)

= 0.69 ÷ 0.07

10.56x

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

  • Pabrik Kertas Tjiwi Kimia is overvalued based on earnings compared to the Europe Forestry industry average.
  • Pabrik Kertas Tjiwi Kimia is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Pabrik Kertas Tjiwi Kimia's expected growth come at a high price?
Raw Data
DB:OB9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.3%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Pabrik Kertas Tjiwi Kimia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pabrik Kertas Tjiwi Kimia's assets?
Raw Data
DB:OB9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.43
IDX:TKIM Share Price * IDX (2019-10-11) in IDR IDR9700
IDX:TKIM Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.69
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:OB9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:TKIM Share Price ÷ Book Value per Share (both in USD)

= 0.69 ÷ 0.43

1.61x

* Primary Listing of Pabrik Kertas Tjiwi Kimia.

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

  • Pabrik Kertas Tjiwi Kimia is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Pabrik Kertas Tjiwi Kimia'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Pabrik Kertas Tjiwi Kimia has a total score of 1/6, 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.

Future Performance

 How is Pabrik Kertas Tjiwi Kimia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Pabrik Kertas Tjiwi Kimia, future earnings growth has been estimated based on fundamentals.
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
3.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pabrik Kertas Tjiwi Kimia expected to grow at an attractive rate?
  • Pabrik Kertas Tjiwi Kimia's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pabrik Kertas Tjiwi Kimia's earnings growth is positive but not above the Germany market average.
  • Unable to compare Pabrik Kertas Tjiwi Kimia's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:OB9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OB9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.3%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:OB9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OB9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:OB9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,085 64 203
2019-03-31 1,087 67 246
2018-12-31 1,056 41 246
2018-09-30 1,047 92 253
2018-06-30 1,035 40 175
2018-03-31 1,016 61 72
2017-12-31 1,012 46 32
2017-09-30 1,019 -32 19
2017-06-30 991 93 9
2017-03-31 997 121 6
2016-12-31 997 151 8
2016-09-30 1,004 326 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pabrik Kertas Tjiwi Kimia's earnings are expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Pabrik Kertas Tjiwi Kimia is high growth as no revenue estimate data is available.
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:OB9 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 0 Analyst Estimates (S&P Global) See Below

All data from Pabrik Kertas Tjiwi Kimia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OB9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:OB9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.07
2019-03-31 0.08
2018-12-31 0.08
2018-09-30 0.08
2018-06-30 0.06
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00

*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.
  • Unable to establish if Pabrik Kertas Tjiwi Kimia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pabrik Kertas Tjiwi Kimia'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.
Pabrik Kertas Tjiwi Kimia has a total score of 1/6, 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.

Past Performance

  How has Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia's growth in the last year to its industry (Forestry).
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.
  • Pabrik Kertas Tjiwi Kimia has delivered over 20% year on year earnings growth in the past 5 years.
  • Pabrik Kertas Tjiwi Kimia's 1-year earnings growth is less than its 5-year average (15.6% vs 67.4%)
  • Pabrik Kertas Tjiwi Kimia's earnings growth has exceeded the Europe Forestry industry average in the past year (15.6% vs 1.2%).
Earnings and Revenue History
Pabrik Kertas Tjiwi Kimia'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 Pabrik Kertas Tjiwi Kimia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OB9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,085.23 202.83 74.02
2019-03-31 1,086.87 246.21 75.12
2018-12-31 1,055.80 245.71 74.69
2018-09-30 1,046.65 252.74 73.74
2018-06-30 1,034.73 175.40 82.34
2018-03-31 1,016.35 71.72 81.67
2017-12-31 1,011.72 32.01 81.91
2017-09-30 1,018.57 18.99 85.04
2017-06-30 991.34 8.59 91.04
2017-03-31 996.90 5.71 94.73
2016-12-31 996.90 7.65 98.26
2016-09-30 1,003.79 1.90 93.43
2016-06-30 1,005.75 -9.36 84.78
2016-03-31 1,047.60 3.28 88.64
2015-12-31 1,062.53 1.45 93.25
2015-09-30 1,091.13 12.27 100.31
2015-06-30 1,143.91 17.55 106.99
2015-03-31 1,161.26 17.40 110.22
2014-12-31 1,194.76 20.53 111.69
2014-09-30 1,207.10 28.91 105.86
2014-06-30 1,198.53 22.08 106.38
2014-03-31 1,216.87 23.40 110.83
2013-12-31 1,222.36 27.01 114.04
2013-09-30 1,242.25 14.67 121.13
2013-06-30 1,274.02 21.93 128.83
2013-03-31 1,310.33 33.22 132.52
2012-12-31 1,321.64 34.82 126.20

*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.
  • Pabrik Kertas Tjiwi Kimia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pabrik Kertas Tjiwi Kimia used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Pabrik Kertas Tjiwi Kimia has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pabrik Kertas Tjiwi Kimia'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 Forestry 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.
Pabrik Kertas Tjiwi Kimia has a total score of 4/6, 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.

Health

 How is Pabrik Kertas Tjiwi Kimia'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 Pabrik Kertas Tjiwi Kimia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pabrik Kertas Tjiwi Kimia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pabrik Kertas Tjiwi Kimia's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pabrik Kertas Tjiwi Kimia'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.
  • Debt is not covered by short term assets, assets are 0.6x debt.
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 Pabrik Kertas Tjiwi Kimia Company Filings, last reported 3 months ago.

DB:OB9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,327.02 1,489.76 426.28
2019-03-31 1,281.83 1,479.33 418.90
2018-12-31 1,235.19 1,563.12 420.24
2018-09-30 1,239.88 1,541.45 424.19
2018-06-30 1,138.86 1,535.34 437.80
2018-03-31 1,044.45 1,439.25 332.28
2017-12-31 997.91 1,433.78 271.56
2017-09-30 994.03 1,436.72 234.50
2017-06-30 932.21 1,319.54 164.38
2017-03-31 935.94 1,287.93 89.40
2016-12-31 937.08 1,375.70 169.93
2016-09-30 913.53 1,433.99 169.41
2016-06-30 914.43 1,432.69 188.93
2016-03-31 930.91 1,457.08 308.76
2015-12-31 956.12 1,536.28 326.10
2015-09-30 947.21 1,623.96 348.35
2015-06-30 947.04 1,651.63 335.67
2015-03-31 939.93 1,646.12 345.38
2014-12-31 931.64 1,608.62 329.64
2014-09-30 930.11 1,564.04 316.59
2014-06-30 814.00 1,578.44 258.39
2014-03-31 807.89 1,607.10 283.65
2013-12-31 798.27 1,627.08 375.97
2013-09-30 791.38 1,663.10 326.09
2013-06-30 793.35 1,679.90 392.12
2013-03-31 788.88 1,634.57 421.08
2012-12-31 774.29 1,644.56 544.62
  • Pabrik Kertas Tjiwi Kimia's level of debt (112.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (193.6% vs 112.3% today).
  • Debt is not well covered by operating cash flow (4.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Pabrik Kertas Tjiwi Kimia'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. Pabrik Kertas Tjiwi Kimia has a total score of 2/6, 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.

Dividends

 What is Pabrik Kertas Tjiwi Kimia'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
0.51%
Current annual income from Pabrik Kertas Tjiwi Kimia dividends.
If you bought €2,000 of Pabrik Kertas Tjiwi Kimia shares you are expected to receive €10 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?
  • Pabrik Kertas Tjiwi Kimia's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Pabrik Kertas Tjiwi Kimia's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:OB9 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 0 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:OB9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
DB:OB9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-31 0.003 0.495
2019-03-28 0.003 0.501
2018-07-30 0.002 0.246
2018-03-28 0.002 0.274
2017-10-31 0.000 0.129
2017-07-31 0.000 0.273
2017-03-30 0.000 0.400
2016-07-29 0.000 0.623
2016-06-06 0.000 0.773
2016-03-31 0.000 0.820
2015-07-31 0.001 1.929
2015-03-27 0.001 1.338
2014-10-31 0.001 1.164
2014-07-14 0.001 0.997
2014-03-27 0.001 0.634
2013-07-31 0.002 1.408
2013-03-28 0.002 1.222
2012-08-02 0.003 1.144
2012-03-30 0.003 0.878
2011-10-31 0.002 0.687
2011-08-10 0.002 0.697
2011-04-28 0.002 0.590
2010-07-30 0.001 0.318
2010-05-25 0.001 0.508
2009-08-14 0.002 0.966
2009-06-22 0.002 1.079
2009-04-28 0.002 1.309

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

  • Pabrik Kertas Tjiwi Kimia is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Pabrik Kertas Tjiwi Kimia is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Pabrik Kertas Tjiwi Kimia's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Pabrik Kertas Tjiwi Kimia's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pabrik Kertas Tjiwi Kimia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Pabrik Kertas Tjiwi Kimia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pabrik Kertas Tjiwi Kimia has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pabrik Kertas Tjiwi Kimia'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
Suhendra Wiriadinata
AGE 51
TENURE AS CEO 2.3 years
CEO Bio

Mr. Suhendra Wiriadinata has been a Director of PT Indah Kiat Pulp & Paper Tbk and Pabrik Kertas Tjiwi Kimia tbk PT since June 24, 2011. Mr. Wiriadinata has been President Director of PT Pabrik Kertas Tjiwi Kimia Tbk since June 12, 2017. Mr. Wiriadinata started his career at Prasetio, Utomo & Co. as a Junior Auditor with last position as an Associate Manager from 1992 to 1997. In1997, he joined PT Pabrik Kertas Tjiwi Kimia Tbk. He has been a Finance Director of PT. Riau Abadi Lestari since 1999. He has been a Director of PT. Indah Kiat Pulp & Paper Tbk since June 2011 and has been Member of the Board of Directors of PT. Pindo Deli Pulp And Paper Mills since September 2011. He served as a Director of PT.Pindo Deli Pulp And Paper Mills from 2006 to March 2011 and PT. Lontar Papyrus Pulp & Paper Industry from October 2008 to 2011. Mr. Wiriadinata graduated from the Faculty of Economics majoring in Accounting of Trisakti University, Jakarta and obtained his Master’s degree in Accounting from University of Indonesia in 2011.

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

Average tenure and age of the Pabrik Kertas Tjiwi Kimia management team in years:

2.3
Average Tenure
49
Average Age
  • The tenure for the Pabrik Kertas Tjiwi Kimia management team is about average.
Management Team

Suhendra Wiriadinata

TITLE
President Director
AGE
51
TENURE
2.3 yrs

Antonius Lokananta

TITLE
Head of Internal Audit
AGE
49
TENURE
3.1 yrs

Arman Sutedja

TITLE
Company Secretary & Director
AGE
46
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Pabrik Kertas Tjiwi Kimia board of directors in years:

6.8
Average Tenure
61.5
Average Age
  • The tenure for the Pabrik Kertas Tjiwi Kimia board of directors is about average.
Board of Directors

Arman Sutedja

TITLE
Company Secretary & Director
AGE
46
TENURE
8.3 yrs

- Ramelan

TITLE
Independent Commissioner
AGE
74
TENURE
12.3 yrs

Suhendra Wiriadinata

TITLE
President Director
AGE
51
TENURE
2.3 yrs

Pande Raka

TITLE
Independent Commissioner
AGE
75
TENURE
12.1 yrs

Saleh Husin

TITLE
President Commissioner
AGE
56
TENURE
2.3 yrs

Agustian Partawidjaja

TITLE
Director
AGE
67
TENURE
2.3 yrs

Suresh Kilam

TITLE
Director
AGE
68
TENURE
29.7 yrs

Anton Mailoa

TITLE
Director
AGE
54
TENURE
9.3 yrs

- Baharudin

TITLE
Independent Director
AGE
51
TENURE
5.3 yrs

Arthur Tahija

TITLE
Commissioner
AGE
79
TENURE
2.3 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 Pabrik Kertas Tjiwi Kimia'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. Pabrik Kertas Tjiwi Kimia 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.

News

Simply Wall St News

Company Info

Description

PT Pabrik Kertas Tjiwi Kimia Tbk manufactures and sells paper products in Indonesia. It provides printing and writing, woodfree, photocopy, and carbonless papers; and specialty products, such as greaseproof, kraft, and drawing papers, as well as brief cards. The company also offers converting products, which include stationery products, such as exercise books/saddle stitcheads, pads, loose leaf papers, hard cover books, spirals, and binding books; office products comprising envelopes, register rolls, plotters, and computer forms; and shopping bag and packaging products. In addition, it provides carton boxes; and chemical products consisting of sodium hypochlorite, hydrochloride acid, chlorine liquid, caporite, calcium chloride, and caustic soda liquid and flakes for various industrial sectors, including water treatment, soap industry, waste water treatment, etc. PT Pabrik Kertas Tjiwi Kimia Tbk also exports its products to other countries. The company was founded in 1972 and is headquartered in Jakarta, Indonesia.

Details
Name: PT Pabrik Kertas Tjiwi Kimia Tbk
OB9
Exchange: DB
Founded: 1972
IDR1,937,845,360
3,113,223,570
Website: http://www.tjiwi.co.id
Address: PT Pabrik Kertas Tjiwi Kimia Tbk
Sinarmas Land Plaza,
15th Floor,
Jakarta,
Jakarta Raya, 10350,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX TKIM Common Stock Indonesia Stock Exchange ID IDR 02. Jan 1992
DB OB9 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
7,000
Pabrik Kertas Tjiwi Kimia employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:34
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2018/03/28
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.