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Arita Prima Indonesia

IDX:APII
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APII
IDX
IDR215B
Market Cap
  1. Home
  2. ID
  3. Capital Goods
Company description

PT Arita Prima Indonesia Tbk imports, distributes, and services valves, fittings, instrumentations, and control products in Indonesia. The last earnings update was 6 days ago. More info.


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APII Share Price and Events
7 Day Returns
-9.1%
IDX:APII
7.2%
ID Trade Distributors
4.5%
ID Market
1 Year Returns
5.3%
IDX:APII
-49.5%
ID Trade Distributors
-29.1%
ID Market
APII Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Arita Prima Indonesia (APII) -9.1% -9.1% 14.3% 5.3% -2% -39.4%
ID Trade Distributors 7.2% -11.7% -36.6% -49.5% -62.5% -53.1%
ID Market 4.5% -9.7% -26.4% -29.1% -20.8% -15.4%
1 Year Return vs Industry and Market
  • APII outperformed the Trade Distributors industry which returned -49.5% over the past year.
  • APII outperformed the Market in Indonesia which returned -29.1% over the past year.
Price Volatility
APII
Industry
5yr Volatility vs Market

Value

 Is Arita Prima Indonesia 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 Arita Prima Indonesia 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 Arita Prima Indonesia.

IDX:APII 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 16.1%
Perpetual Growth Rate 10-Year ID Government Bond Rate 7.1%

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 IDX:APII
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ID Govt Bond Rate 7.1%
Equity Risk Premium S&P Global 7.9%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.855 (1 + (1- 25%) (58.05%))
1.153
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.07% + (1.153 * 7.85%)
16.12%

Discounted Cash Flow Calculation for IDX:APII using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Arita Prima Indonesia 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.

IDX:APII DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (IDR, Millions) Source Present Value
Discounted (@ 16.12%)
2020 33,799.08 Est @ 25.93% 29,107.72
2021 40,651.39 Est @ 20.27% 30,149.62
2022 47,282.66 Est @ 16.31% 30,200.34
2023 53,684.63 Est @ 13.54% 29,529.98
2024 59,911.43 Est @ 11.6% 28,380.90
2025 66,046.48 Est @ 10.24% 26,944.45
2026 72,181.63 Est @ 9.29% 25,360.02
2027 78,406.14 Est @ 8.62% 23,723.36
2028 84,802.02 Est @ 8.16% 22,097.12
2029 91,443.01 Est @ 7.83% 20,520.28
Present value of next 10 years cash flows IDR266,013.00
IDX:APII DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= IDR91,443.01 × (1 + 7.07%) ÷ (16.12% – 7.07%)
IDR1,082,186.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= IDR1,082,186.13 ÷ (1 + 16.12%)10
IDR242,848.12
IDX:APII Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= IDR266,013.00 + IDR242,848.12
IDR508,861.12
Equity Value per Share
(IDR)
= Total value / Shares Outstanding
= IDR508,861.12 / 1,075.76
IDR473.02
IDX:APII Discount to Share Price
Calculation Result
Value per share (IDR) From above. IDR473.02
Current discount Discount to share price of IDR200.00
= -1 x (IDR200.00 - IDR473.02) / IDR473.02
57.7%

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

Current Discount
Amount off the current price Arita Prima Indonesia is available for.
Intrinsic value
>50%
Share price is IDR200 vs Future cash flow value of IDR473.02
Current Discount Checks
For Arita Prima Indonesia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Arita Prima Indonesia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Arita Prima Indonesia's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Arita Prima Indonesia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Arita Prima Indonesia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
IDX:APII PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in IDR IDR24.00
IDX:APII Share Price ** IDX (2020-04-08) in IDR IDR200
Indonesia Trade Distributors Industry PE Ratio Median Figure of 13 Publicly-Listed Trade Distributors Companies 7.33x
Indonesia Market PE Ratio Median Figure of 471 Publicly-Listed Companies 11.78x

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

** Primary Listing of Arita Prima Indonesia.

IDX:APII PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 200 ÷ 24.00

8.33x

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

  • Arita Prima Indonesia is overvalued based on earnings compared to the ID Trade Distributors industry average.
  • Arita Prima Indonesia is good value based on earnings compared to the Indonesia market.
Price based on expected Growth
Does Arita Prima Indonesia's expected growth come at a high price?
Raw Data
IDX:APII PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Trade Distributors Industry PEG Ratio Median Figure of 47 Publicly-Listed Trade Distributors Companies 0.95x
Indonesia Market PEG Ratio Median Figure of 102 Publicly-Listed Companies 0.84x

*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 Arita Prima Indonesia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Arita Prima Indonesia's assets?
Raw Data
IDX:APII PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in IDR IDR284.06
IDX:APII Share Price * IDX (2020-04-08) in IDR IDR200
Indonesia Trade Distributors Industry PB Ratio Median Figure of 14 Publicly-Listed Trade Distributors Companies 0.74x
Indonesia Market PB Ratio Median Figure of 626 Publicly-Listed Companies 0.79x
IDX:APII PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 200 ÷ 284.06

0.7x

* Primary Listing of Arita Prima Indonesia.

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

  • Arita Prima Indonesia is good value based on assets compared to the ID Trade Distributors industry average.
X
Value checks
We assess Arita Prima Indonesia'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Arita Prima Indonesia has a total score of 4/6, 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 Arita Prima Indonesia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Arita Prima Indonesia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.6%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Arita Prima Indonesia expected to grow at an attractive rate?
  • Unable to compare Arita Prima Indonesia's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Arita Prima Indonesia's earnings growth to the Indonesia market average as no estimate data is available.
  • Unable to compare Arita Prima Indonesia's revenue growth to the Indonesia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
IDX:APII Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Indonesia Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Indonesia Market Revenue Growth Rate Market Cap Weighted Average 9.4%

*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
IDX:APII 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 IDR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
IDX:APII Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2019-12-31 242,762 37,059 25,727
2019-09-30 234,601 30,700 31,107
2019-06-30 236,497 32,809 32,634
2019-03-31 227,226 32,702 30,891
2018-12-31 216,509 27,583 30,386
2018-09-30 213,000 10,153 28,317
2018-06-30 186,693 8,241 19,808
2018-03-31 179,367 2,743 17,599
2017-12-31 168,066 8,239 13,938
2017-09-30 158,808 19,549 13,951
2017-06-30 157,080 27,724 14,223
2017-03-31 162,097 32,309 14,809

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Arita Prima Indonesia is high growth as no earnings estimate data is available.
  • Unable to determine if Arita Prima Indonesia 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
IDX:APII 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 Arita Prima Indonesia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IDX:APII Past Financials Data
Date (Data in IDR Millions) EPS *
2019-12-31 24.00
2019-09-30 28.92
2019-06-30 30.34
2019-03-31 28.72
2018-12-31 28.25
2018-09-30 26.32
2018-06-30 18.41
2018-03-31 16.36
2017-12-31 12.96
2017-09-30 12.97
2017-06-30 13.22
2017-03-31 13.46

*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 Arita Prima Indonesia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Arita Prima Indonesia is trading at Arita Prima Indonesia'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Arita Prima Indonesia's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Arita Prima Indonesia'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Arita Prima Indonesia has a total score of 0/6, 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 Arita Prima Indonesia 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 Arita Prima Indonesia's growth in the last year to its industry (Trade Distributors).
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.
  • Arita Prima Indonesia's year on year earnings growth rate has been positive over the past 5 years.
  • Arita Prima Indonesia's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Arita Prima Indonesia's 1-year earnings growth is negative, it can't be compared to the ID Trade Distributors industry average.
Earnings and Revenue History
Arita Prima Indonesia'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 Arita Prima Indonesia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IDX:APII Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 242,761.69 25,726.97 96,555.22
2019-09-30 234,601.31 31,106.79 88,663.47
2019-06-30 236,497.45 32,634.06 86,631.18
2019-03-31 227,226.42 30,891.20 81,983.20
2018-12-31 216,508.94 30,385.80 75,023.34
2018-09-30 213,000.26 28,317.20 70,348.87
2018-06-30 186,692.66 19,807.97 67,771.41
2018-03-31 179,367.29 17,599.42 67,465.60
2017-12-31 168,065.94 13,938.36 66,868.93
2017-09-30 158,808.12 13,950.99 64,972.57
2017-06-30 157,079.88 14,223.05 61,970.60
2017-03-31 162,097.00 14,808.83 62,125.47
2016-12-31 170,213.17 15,885.34 65,186.94
2016-09-30 184,437.50 19,528.76 65,527.10
2016-06-30 193,424.12 15,506.18 72,409.53
2016-03-31 196,091.19 18,988.80 72,109.55
2015-12-31 202,115.39 18,447.54 72,331.72
2015-09-30 218,710.39 11,343.76 75,029.22
2015-06-30 233,659.10 10,703.06 75,716.32
2015-03-31 260,605.54 27,805.25 72,519.61
2014-12-31 256,881.57 33,122.78 68,260.61
2014-09-30 232,191.87 35,583.29 67,925.91
2014-06-30 222,582.51 37,518.44 62,332.42
2014-03-31 195,370.28 29,654.37 58,118.55
2013-12-31 184,161.22 24,204.66 55,736.85
2013-09-30 175,572.48 26,383.59 56,779.15

*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.
  • Arita Prima Indonesia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Arita Prima Indonesia used its assets more efficiently than the ID Trade Distributors industry average last year based on Return on Assets.
  • Arita Prima Indonesia's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Arita Prima Indonesia'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 Trade Distributors 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.
Arita Prima Indonesia 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.

Health

 How is Arita Prima Indonesia'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 Arita Prima Indonesia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Arita Prima Indonesia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Arita Prima Indonesia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Arita Prima Indonesia'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 covered by short term assets, assets are 2.2x 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 Arita Prima Indonesia Company Filings, last reported 3 months ago.

IDX:APII Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 301,364.70 124,634.34 21,455.27
2019-09-30 298,148.08 130,946.29 8,858.52
2019-06-30 289,169.00 126,374.44 6,304.27
2019-03-31 284,370.78 126,743.44 10,319.00
2018-12-31 275,592.63 123,815.09 9,730.31
2018-09-30 267,990.92 126,883.95 13,728.42
2018-06-30 257,823.46 138,728.07 4,037.67
2018-03-31 255,227.53 142,967.30 5,066.50
2017-12-31 247,392.62 136,683.38 4,967.03
2017-09-30 243,491.91 141,826.81 15,579.71
2017-06-30 241,604.57 134,300.30 15,897.74
2017-03-31 243,876.97 134,423.92 18,907.47
2016-12-31 239,253.85 137,777.02 8,770.39
2016-09-30 226,043.64 145,633.42 19,384.42
2016-06-30 225,081.15 148,966.89 13,697.96
2016-03-31 226,920.49 152,347.18 19,685.80
2015-12-31 220,610.75 158,907.53 10,900.87
2015-09-30 214,865.56 161,166.29 7,839.38
2015-06-30 222,839.73 159,475.71 14,441.86
2015-03-31 217,581.27 182,984.14 34,385.44
2014-12-31 210,322.63 190,363.58 58,127.15
2014-09-30 214,819.52 178,106.51 45,476.52
2014-06-30 217,042.95 93,200.60 10,322.78
2014-03-31 194,835.18 84,942.15 8,908.43
2013-12-31 180,299.01 81,950.84 18,676.94
2013-09-30 116,748.59 93,432.25 2,520.49
  • Arita Prima Indonesia's level of debt (40.9%) 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 (90.7% vs 40.9% today).
  • Debt is well covered by operating cash flow (30%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Arita Prima Indonesia'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. Arita Prima Indonesia has a total score of 5/6, 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 Arita Prima Indonesia'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%
Current annual income from Arita Prima Indonesia dividends.
If you bought IDR2,000 of Arita Prima Indonesia shares you are expected to receive IDR0 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?
  • Unable to evaluate Arita Prima Indonesia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Arita Prima Indonesia's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
IDX:APII 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
Asia Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 240 Stocks 4.5%
Indonesia Market Average Dividend Yield Market Cap Weighted Average of 184 Stocks 4.1%
Indonesia Minimum Threshold Dividend Yield 10th Percentile 0.9%
Indonesia Bottom 25% Dividend Yield 25th Percentile 1.8%
Indonesia Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

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

IDX:APII Past Annualized Dividends Data
Date (Data in IDR) Dividend per share (annual) Avg. Yield (%)
2019-10-29 0.000 0.000
2019-07-29 0.000 0.000
2019-04-29 0.000 0.000
2019-03-28 0.000 0.000
2017-07-31 3.000 1.490
2017-03-24 3.000 1.417

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

  • Unable to perform a dividend volatility check as Arita Prima Indonesia has not reported any payouts.
  • Unable to verify if Arita Prima Indonesia's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Arita Prima Indonesia's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Arita Prima Indonesia has not reported any payouts.
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 Arita Prima Indonesia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Arita Prima Indonesia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Arita Prima Indonesia 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 Arita Prima Indonesia'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
Yew Low
AGE 53
CEO Bio

Mr. Yew Lean Low serves as Managing Director of Arita Engineering Sdn Bhd. Mr. Low has been Managing Director of PT Arita Prima Indonesia Tbk (API) since 2000 and serves as its President Director. He is primarily responsible for the business venture and development activities of the Group's operation in Indonesia. He has 23 years of extensive experience and knowledge in valve and instruments. He worked with Concept Engineering Sdn. Bhd. from 1991 to 1993 as a Sales Executive. He joined UME(M) in 1994 as a Marketing Executive. In year 1995, he was transferred to Arita Engineering Sdn. Bhd and assumed the position as an Executive Director and General Manager. He was in charge of project and marketing operations of Arita in Klang Valley. Mr. Low holds a Diploma in Marketing.

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

Yew Low

TITLE
President Director & MD
AGE
53

Tedi Permana

TITLE
Head of Internal Audit Department
AGE
34
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Arita Prima Indonesia board of directors in years:

7.6
Average Tenure
53
Average Age
  • The tenure for the Arita Prima Indonesia board of directors is about average.
Board of Directors

Yew Low

TITLE
President Director & MD
AGE
53

Cheah Lim

TITLE
President Commissioner
AGE
70
TENURE
20.3 yrs

Chan Liang

TITLE
Director
AGE
37
TENURE
3.9 yrs

- Harianto

TITLE
Director
TENURE
0.4 yrs

Yee Sim

TITLE
Commissioner
AGE
53
TENURE
11.3 yrs

Bernadetha Melinda Putri

TITLE
Independent Commissioner
AGE
26
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 (IDR) Value (IDR)
X
Management checks
We assess Arita Prima Indonesia'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. Arita Prima Indonesia 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 Arita Prima Indonesia Tbk imports, distributes, and services valves, fittings, instrumentations, and control products in Indonesia. The company operates in four segments: Valve, Fittings, Instruments, and Others. Its products include valves; instrumentation products; fittings and flanges; pumps; and safety equipment, such as head protection, safety glasses, gloves, protective clothing, fall protection products, respirators, shoes and boots, and others. The company offers its products under the JF Arita, Bells, Q-Flex, Clorius, Ari Armaturen, Thermo, ANS, and other brands. It serves oil and gas, palm oil, marine, waterworks, petrochemical, oleo chemical, building, mining, power plant, and geothermal industries. The company was founded in 2000 and is headquartered in North Jakarta, Indonesia. PT Arita Prima Indonesia Tbk is a subsidiary of PT Arita Global.

Details
Name: PT Arita Prima Indonesia Tbk
APII
Exchange: IDX
Founded: 2000
IDR215,152,000,000
1,075,760,000
Website: http://www.arita.co.id
Address: PT Arita Prima Indonesia Tbk
Rukan Sunter Permai,
Block C, No. 7-9, Sunter,
North Jakarta,
Jakarta Raya, 14350,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX APII Ordinary Shares Indonesia Stock Exchange ID IDR 29. Oct 2013
Number of employees
Current staff
Staff numbers
458
Arita Prima Indonesia employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:06
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2020/04/03
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.