Bumitama Agri Intrinsic Stock Value – BUMITAMA AGRI Reports Second Quarter Earnings for FY2023
August 17, 2023
🌥️Earnings Overview
For the second quarter of FY2023, BUMITAMA AGRI ($SGX:P8Z) reported total revenue of IDR 7495.9 billion, a decrease of 16.4% compared to the same period last year. Net income was IDR 1188.9 billion, representing a 45.4% drop year over year. As of June 30 2023, these were the company’s earnings results.
Share Price
Overall, the stock opened at SG$0.6 and closed at the same price, down 2.6% from its previous closing price. This was due to significant cost-cutting initiatives that were undertaken by the company to improve its profitability. This was attributed to improved cost management and higher operational efficiency.
Overall, BUMITAMA AGRI’s second quarter earnings were considered to be in line with expectations. Going forward, the company aims to continue improving its operational efficiency in order to maintain its profitability and drive its stock price higher. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bumitama Agri. More…
| Total Revenues | Net Income | Net Margin |
| 14.36M | 1.84M | 12.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bumitama Agri. More…
| Operations | Investing | Financing |
| 2.7M | -899.34k | -2.78M |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bumitama Agri. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.43M | 4.89M | 7.12k |
Key Ratios Snapshot
Some of the financial key ratios for Bumitama Agri are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.3% | 27.5% | 22.7% |
| FCF Margin | ROE | ROA |
| 9.5% | 16.4% | 10.5% |
Analysis – Bumitama Agri Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of BUMITAMA AGRI‘s fundamentals. Based on our proprietary Valuation Line, we have calculated that the fair value of a BUMITAMA AGRI share is approximately SG$0.6. Currently, BUMITAMA AGRI stock is trading at SG$0.6, which is a fair price that is slightly overvalued by 1.5%. More…
Peers
It competes with other companies in the region, such as Far East Holdings Bhd, PT Provident Investasi Bersama Tbk and PT Gozco Plantations Tbk, to produce and distribute high-quality palm oil products.
– Far East Holdings Bhd ($KLSE:5029)
Far East Holdings Bhd is a Malaysian-based real estate and investment holding company established in 1978. It is one of the largest companies in the country and has a wide portfolio of investments and real estate projects in Malaysia and across Southeast Asia.
The company has a market cap of 2.26B as of 2023, making it one of the largest companies in the country. The company also has an impressive Return on Equity (ROE) of 14.36%, which is higher than the average ROE of 11.5% in the industry. This indicates that Far East Holdings has been able to efficiently manage its resources, generating high returns for its shareholders.
– PT Provident Investasi Bersama Tbk ($IDX:PALM)
PT Provident Investasi Bersama Tbk (PIBT) is an Indonesian investment and financial services company that provides a wide range of products and services to clients across Indonesia. The company has a market capitalization of 4.21T as of 2023, making it one of the largest companies in Indonesia. PIBT’s return on equity (ROE) stands at 2.64%, indicating that the company is generating profits on the investments it is making. This strong performance is mainly the result of the company’s focus on providing quality services and products to its customers. PIBT is committed to delivering sustainable returns to its shareholders and customers while continuing to expand its operations and reach.
– PT Gozco Plantations Tbk ($IDX:GZCO)
Gozco Plantations Tbk is a publically traded Indonesian plantation and agribusiness company with a market capitalization of 606 billion as of 2023. The company’s solid performance and growth is reflected in its 8.03% return on equity (ROE) which is above the industry average and the Indonesian stock market. Gozco Plantations Tbk is engaged in the planting and harvesting of oil palm and rubber, as well as the cultivation of other crops such as cocoa, areca nut, and pepper. The company also provides related services such as fertilization, pest control, and harvesting services. Additionally, Gozco Plantations Tbk operates a network of retail outlets selling palm oil and other products.
Summary
BUMITAMA AGRI recently reported their financial results for the second quarter of FY2023. Total revenue decreased 16.4%, while net income dropped 45.4% year over year. This downward trend could indicate that investing in BUMITAMA AGRI may be a high risk venture due to the company’s declining performance. Investors should thoroughly research the company’s financials before making any decisions. It’s important to note if the decreasing revenues and profitability are likely to continue, and whether potential investments could be profitable.
Additionally, investors should assess the company’s competitive position within its industry, its future growth prospects, and any other potential risks.
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