Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Provident Agro

IDX:PALM
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PALM
IDX
IDR1,401B
Market Cap
  1. Home
  2. ID
  3. Food, Beverage & Tobacco
Company description

PT Provident Agro Tbk, together with its subsidiaries, engages in the operation of palm oil plantations in Indonesia. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
PALM Share Price and Events
7 Day Returns
16.5%
IDX:PALM
20.9%
ID Food
15.1%
ID Market
1 Year Returns
-20.8%
IDX:PALM
-16.4%
ID Food
-31.1%
ID Market
PALM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Provident Agro (PALM) 16.5% 17.9% -9.2% -20.8% -48.4% -67%
ID Food 20.9% -8.1% -20.6% -16.4% -10.1% -4.4%
ID Market 15.1% -17.3% -28.8% -31.1% -23.4% -19.5%
1 Year Return vs Industry and Market
  • PALM underperformed the Food industry which returned -16.4% over the past year.
  • PALM outperformed the Market in Indonesia which returned -31.1% over the past year.
Price Volatility
PALM
Industry
5yr Volatility vs Market

PALM Value

 Is Provident Agro 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 Provident Agro 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 Provident Agro.

IDX:PALM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in IDR IDR 2.500000
Payout Ratio Company Filings (2019-12-31) -1731.5%
Discount Rate (Cost of Equity) See below 13.4%
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:PALM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ID Govt Bond Rate 7.1%
Equity Risk Premium S&P Global 7.9%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.567 (1 + (1- 25%) (10.13%))
0.737
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.07% + (0.8 * 7.85%)
13.35%

Discounted Cash Flow Calculation for IDX:PALM using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Provident Agro is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

IDX:PALM Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= IDR2.5 / (13.35% - 7.07%)
IDR18.62
IDX:PALM Discount to Share Price
Calculation Result
Value per share (IDR) From above. IDR18.62
Current discount Discount to share price of IDR198.00
= -1 x (IDR198.00 - IDR18.62) / IDR18.62
-963.5%

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

  • The current share price of Provident Agro 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 Provident Agro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Provident Agro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
IDX:PALM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in IDR IDR-9.99
IDX:PALM Share Price ** IDX (2020-04-01) in IDR IDR198
Indonesia Food Industry PE Ratio Median Figure of 32 Publicly-Listed Food Companies 18.8x
Indonesia Market PE Ratio Median Figure of 464 Publicly-Listed Companies 10.82x

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

** Primary Listing of Provident Agro.

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

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

= 198 ÷ -9.99

-19.81x

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

  • Provident Agro is loss making, we can't compare its value to the ID Food industry average.
  • Provident Agro is loss making, we can't compare the value of its earnings to the Indonesia market.
Price based on expected Growth
Does Provident Agro's expected growth come at a high price?
Raw Data
IDX:PALM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -19.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Indonesia Food Industry PEG Ratio Median Figure of 12 Publicly-Listed Food Companies 1.36x
Indonesia Market PEG Ratio Median Figure of 101 Publicly-Listed Companies 0.78x

*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 Provident Agro, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Provident Agro's assets?
Raw Data
IDX:PALM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in IDR IDR292.18
IDX:PALM Share Price * IDX (2020-04-01) in IDR IDR198
Indonesia Food Industry PB Ratio Median Figure of 46 Publicly-Listed Food Companies 1.04x
Indonesia Market PB Ratio Median Figure of 623 Publicly-Listed Companies 0.79x
IDX:PALM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 198 ÷ 292.18

0.68x

* Primary Listing of Provident Agro.

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

  • Provident Agro is good value based on assets compared to the ID Food industry average.
X
Value checks
We assess Provident Agro'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Provident Agro 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.

PALM Future Performance

 How is Provident Agro 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 Provident Agro 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
15%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Provident Agro expected to grow at an attractive rate?
  • Unable to compare Provident Agro's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Provident Agro's earnings growth to the Indonesia market average as no estimate data is available.
  • Unable to compare Provident Agro's revenue growth to the Indonesia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
IDX:PALM Future Growth Rates Data Sources
Data Point Source Value (per year)
Indonesia Food Industry Earnings Growth Rate Market Cap Weighted Average 15%
Indonesia Food Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Indonesia Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Indonesia Market Revenue Growth Rate Market Cap Weighted Average 9.1%

*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:PALM 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:PALM Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2019-12-31 189,158 -34,635 -70,724
2019-09-30 204,495 -11,991 -183,911
2019-06-30 237,071 -118,109 -152,788
2019-03-31 337,079 -97,024 -132,307
2018-12-31 446,647 -74,259 -111,414
2018-09-30 564,009 -56,650 -982
2018-06-30 684,098 112,965 -13,230
2018-03-31 716,877 89,413 25,975
2017-12-31 759,995 93,934 65,909
2017-09-30 861,573 193,216 166,738
2017-06-30 967,356 73,459 348,043
2017-03-31 1,115,898 79,714 280,463

*GAAP earnings excluding extraordinary items.

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

IDX:PALM Past Financials Data
Date (Data in IDR Millions) EPS *
2019-12-31 -9.99
2019-09-30 -25.98
2019-06-30 -21.57
2019-03-31 -18.65
2018-12-31 -15.69
2018-09-30 -0.14
2018-06-30 -1.86
2018-03-31 3.65
2017-12-31 9.26
2017-09-30 23.42
2017-06-30 48.89
2017-03-31 39.39

*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 Provident Agro will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Provident Agro'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 Food, Beverage & Tobacco companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Provident Agro'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 Indonesia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Indonesia 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.
Provident Agro 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.

PALM Past Performance

  How has Provident Agro 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 Provident Agro's growth in the last year to its industry (Food).
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.
  • Provident Agro does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Provident Agro's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Provident Agro's 1-year growth to the ID Food industry average as it is not currently profitable.
Earnings and Revenue History
Provident Agro'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 Provident Agro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IDX:PALM Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 189,158.26 -70,724.21 48,812.18
2019-09-30 204,495.28 -183,910.60 56,241.79
2019-06-30 237,070.76 -152,788.02 63,282.03
2019-03-31 337,078.67 -132,307.11 69,295.19
2018-12-31 446,646.67 -111,414.42 72,353.39
2018-09-30 564,008.92 -981.95 77,100.53
2018-06-30 684,098.23 -13,229.91 82,378.12
2018-03-31 716,877.20 25,974.99 80,551.82
2017-12-31 759,994.92 65,908.99 86,579.96
2017-09-30 861,572.80 166,737.66 92,320.46
2017-06-30 967,355.68 348,043.22 114,390.01
2017-03-31 1,115,898.37 280,463.27 131,301.16
2016-12-31 1,169,777.70 219,214.43 137,028.40
2016-09-30 1,116,903.01 130,244.70 138,606.41
2016-06-30 1,089,906.81 -59,860.17 121,017.21
2016-03-31 1,062,472.57 -13,400.90 116,355.00
2015-12-31 1,046,536.24 -55,206.48 115,360.55
2015-09-30 1,085,529.58 -77,379.98 113,052.79
2015-06-30 1,083,443.45 77,317.45 113,903.25
2015-03-31 1,052,506.92 21,228.00 110,538.75
2014-12-31 1,057,575.87 168,110.22 111,378.56
2014-09-30 1,035,288.63 58,776.13 102,506.51
2014-06-30 927,394.87 -280,935.93 99,280.69
2014-03-31 802,414.67 -305,499.01 97,982.68
2013-12-31 710,567.87 -417,093.44 88,054.62
2013-09-30 631,246.80 -278,565.00 113,924.38
2013-06-30 623,021.73 -72,029.87 100,902.25

*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.
  • It is difficult to establish if Provident Agro has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Provident Agro has efficiently used its assets last year compared to the ID Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Provident Agro improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Provident Agro'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 Food 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.
Provident Agro has a total score of 0/6, 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.

PALM Health

 How is Provident Agro'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 Provident Agro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Provident Agro's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Provident Agro's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Provident Agro'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 0.7x 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 Provident Agro Company Filings, last reported 3 months ago.

IDX:PALM Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,067,415.96 141,680.00 54,697.30
2019-09-30 2,326,162.82 161,000.00 195,935.15
2019-06-30 1,911,069.98 220,320.00 38,992.71
2019-03-31 1,560,953.90 199,642.00 56,576.82
2018-12-31 1,612,747.08 219,510.01 98,438.40
2018-09-30 1,458,000.55 464,220.01 82,850.84
2018-06-30 1,666,978.46 481,930.01 1,140,049.29
2018-03-31 1,576,444.50 867,741.13 89,507.28
2017-12-31 1,563,097.34 877,336.13 117,908.24
2017-09-30 1,790,091.13 911,626.13 326,333.75
2017-06-30 1,772,334.40 970,550.08 281,997.88
2017-03-31 1,759,114.31 993,892.17 354,576.34
2016-12-31 2,326,313.58 1,021,856.34 989,520.99
2016-09-30 2,137,176.84 1,162,174.81 820,800.77
2016-06-30 2,259,389.42 2,488,459.80 133,328.89
2016-03-31 1,667,402.85 2,392,036.78 42,540.18
2015-12-31 1,687,263.58 2,343,371.86 49,438.56
2015-09-30 1,621,614.08 2,333,759.65 43,699.50
2015-06-30 1,638,620.19 2,259,661.31 197,450.54
2015-03-31 1,620,039.85 2,059,293.14 58,489.71
2014-12-31 1,686,792.16 1,916,853.74 171,363.30
2014-09-30 1,733,247.39 1,712,323.83 116,715.86
2014-06-30 1,620,488.70 1,861,587.45 79,502.11
2014-03-31 1,625,076.09 1,855,467.08 136,382.54
2013-12-31 1,557,847.29 1,968,588.32 411,737.63
2013-09-30 749,743.44 2,401,121.18 136,582.86
2013-06-30 802,214.62 2,219,932.37 220,507.33
  • Provident Agro's level of debt (6.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (114% vs 6.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Provident Agro has less than a year of cash runway based on current free cash flow.
  • Provident Agro has less than a year of cash runway if free cash flow continues to reduce at historical rates of -33.6% each year.
X
Financial health checks
We assess Provident Agro'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. Provident Agro 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.

PALM Dividends

 What is Provident Agro'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
1.26%
Current annual income from Provident Agro dividends.
If you bought IDR2,000 of Provident Agro shares you are expected to receive IDR25 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?
  • Provident Agro's pays a lower dividend yield than the bottom 25% of dividend payers in Indonesia (1.91%).
  • Provident Agro's dividend is below the markets top 25% of dividend payers in Indonesia (8.57%).
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:PALM 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
Indonesia Food Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 3.2%
Indonesia Market Average Dividend Yield Market Cap Weighted Average of 183 Stocks 4.1%
Indonesia Minimum Threshold Dividend Yield 10th Percentile 0.9%
Indonesia Bottom 25% Dividend Yield 25th Percentile 1.9%
Indonesia Top 25% Dividend Yield 75th Percentile 8.6%

Industry and Market average data is calculated daily.

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

IDX:PALM Past Annualized Dividends Data
Date (Data in IDR) Dividend per share (annual) Avg. Yield (%)
2020-03-16 2.500 1.358
2019-10-28 2.500 1.212
2019-07-30 2.500 1.103
2019-03-28 36.500 14.422
2018-10-31 36.500 14.039
2018-07-30 36.500 13.509
2018-03-29 25.000 8.576
2017-03-27 127.000 36.070
2016-10-28 84.000 18.471
2016-09-30 84.000 18.267

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

  • Provident Agro has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Provident Agro has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Provident Agro's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Provident Agro'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 Provident Agro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Provident Agro 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.

PALM Management

 What is the CEO of Provident Agro'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
Tri Boewono
AGE 47
TENURE AS CEO 13.3 years
CEO Bio

Mr. Tri Boewono is the President Director of PT Merdeka Copper Gold, Tbk since September 21, 2018 and also serves as its Head of Operation & Human Resources. He has been the President Director of PT Provident Agro Tbk since 2007. Mr. Boewono Obtained his Bachelor of Economics from Trisakti University, Jakarta, in 1993.

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

Average tenure and age of the Provident Agro management team in years:

1.1
Average Tenure
45
Average Age
  • The average tenure for the Provident Agro management team is less than 2 years, this suggests a new team.
Management Team

Tri Boewono

TITLE
President Director and Head of Operation & Human Resources
AGE
47
TENURE
13.3 yrs

Devin Ridwan

TITLE
Head of Finance & Director
AGE
44

Rosuin Hamra

TITLE
Head of Litigation

Rohimun Nizal

TITLE
Head of the Internal Audit Unit
AGE
46
TENURE
1.1 yrs

Lim Lie

TITLE
Corporate Secretary
AGE
43
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Provident Agro board of directors in years:

7.8
Average Tenure
48
Average Age
  • The tenure for the Provident Agro board of directors is about average.
Board of Directors

Tri Boewono

TITLE
President Director and Head of Operation & Human Resources
AGE
47

Devin Ridwan

TITLE
Head of Finance & Director
AGE
44
TENURE
8.4 yrs

Maruli Gultom

TITLE
President Commissioner
AGE
72
TENURE
10.3 yrs

Teuku Basyar

TITLE
Independent Commissioner
AGE
65
TENURE
7.8 yrs

Johnson Chan

TITLE
Independent Commissioner
AGE
48
TENURE
7.8 yrs

Budianto Purwahjo

TITLE
Director
AGE
56
TENURE
7.8 yrs

Boyke Naba

TITLE
Independent Director
AGE
60
TENURE
6.9 yrs

Winato Kartono

TITLE
Commissioner
AGE
48
TENURE
7.8 yrs

Michael William Soeryadjaya

TITLE
Commissioner
AGE
32
TENURE
4.8 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 (IDR) Value (IDR)
X
Management checks
We assess Provident Agro'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. Provident Agro 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.

PALM News

Simply Wall St News

PALM Company Info

Description

PT Provident Agro Tbk, together with its subsidiaries, engages in the operation of palm oil plantations in Indonesia. It develops plantation through land processing, seeding, nursery, planting, maintenance, and harvesting of fresh fruit bunch; processes fresh fruit bunch into crude palm oil and palm kernel; and sells and trades in plantation products. The company operates a total planted area of approximately 6.295 hectares. It also engages in the trading activities. The company was founded in 2006 and is headquartered in Jakarta, Indonesia.

Details
Name: PT Provident Agro Tbk
PALM
Exchange: IDX
Founded: 2006
IDR1,401,015,994,488
7,075,838,356
Website: http://www.provident-agro.com
Address: PT Provident Agro Tbk
Generali Tower, Lt.17 D, G, H,
Gran Rubina Business Park,
Jakarta,
Jakarta Raya, 12940,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX PALM Common Shares Indonesia Stock Exchange ID IDR 08. Oct 2012
Number of employees
Current staff
Staff numbers
742
Provident Agro employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 18:00
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/03/16
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.