Financials PT Chandra Asri Pacific Tbk OTC Markets

Equities

Market Closed - OTC Markets Other stock markets 20:14:47 29/12/2023 GMT			5-day change	1st Jan Change
37.45 ^USD	+27.29%		-.--%	-.--%

05-10	Chandra Asri purchase of Shell Singapore refinery brings scale, risk	RE
05-09	Chandra Asri purchase of Shell Singapore refinery brings scale, risk	RE

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	185,022,773	161,839,196	158,424,267	222,334,671	454,185,612	798,069,003	-	-
Enterprise Value (EV) ²	186,976	160,773	144,795	223,252	458,956	801,829	801,662	793,409
P/E ratio	534 x	219 x	68.2 x	-	-662 x	1,343 x	656 x	-
Yield	0.05%	-	0.81%	-	-	-	0.35%	1.05%
Capitalization / Revenue	6.58 x	6.27 x	4.29 x	6.23 x	13.3 x	21.5 x	20.8 x	22.4 x
EV / Revenue	6.65 x	6.23 x	3.92 x	6.26 x	13.4 x	21.6 x	20.9 x	22.2 x
EV / EBITDA	70.2 x	61.5 x	28.7 x	-797 x	341 x	284 x	136 x	122 x
EV / FCF	-144 x	40.2 x	-	-	807 x	828 x	-191 x	-
FCF Yield	-0.69%	2.49%	-	-	0.12%	0.12%	-0.52%	-
Price to Book	6.89 x	62.7 x	3.78 x	4.36 x	8.12 x	17.8 x	18.7 x	17.8 x
Nbr of stocks (in thousands)	71,334,081	71,334,081	86,511,545	86,511,545	86,511,545	86,511,545	-	-
Reference price ³	2,594	2,269	1,831	2,570	5,250	9,225	9,225	9,225
Announcement Date	16/03/20	03/03/21	15/03/22	31/03/23	29/03/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	28,104	25,798	36,944	35,671	34,241	37,199	38,409	35,693
EBITDA ¹	2,664	2,614	5,053	-280	1,344	2,827	5,897	6,520
EBIT ¹	1,293	1,163	3,632	-1,739	-441.9	1,101	4,199	4,795
Operating Margin	4.6%	4.51%	9.83%	-4.87%	-1.29%	2.96%	10.93%	13.43%
Earnings before Tax (EBT)	579.3	411.8	2,895	-	-	-	-	-
Net income ¹	341.9	733.4	2,178	-	-532.3	599.3	1,215	-
Net margin	1.22%	2.84%	5.9%	-	-1.55%	1.61%	3.16%	-
EPS ²	4.856	10.35	26.84	-	-7.926	6.870	14.05	-
Free Cash Flow ³	-1,296,795	3,996,424	-	-	568,647	968,006	-4,199,897	-
FCF margin	-4,614.3%	15,491.32%	-	-	1,660.7%	2,602.24%	-10,934.64%	-
FCF Conversion (EBITDA)	-	152,871.51%	-	-	42,297.53%	34,245%	-	-
FCF Conversion (Net income)	-	544,948.59%	-	-	-	161,536.2%	-	-
Dividend per Share ²	1.382	-	14.89	-	-	-	32.35	97.06
Announcement Date	16/03/20	03/03/21	15/03/22	31/03/23	29/03/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,953	-	-	917	4,770	3,760	3,593	-
Net Cash position ¹	-	1,066	13,629	-	-	-	-	4,660
Leverage (Debt/EBITDA)	0.7331 x	-	-	-3.277 x	3.548 x	1.33 x	0.6092 x	-
Free Cash Flow ²	-1,296,795	3,996,424	-	-	568,647	968,006	-4,199,897	-
ROE (net income / shareholders' equity)	1.3%	2.88%	6.43%	-5.22%	-1.21%	0.37%	4.66%	6.72%
ROA (Net income/ Total Assets)	0.69%	1.46%	3.54%	-	-0.64%	0.8%	1.5%	-
Assets ¹	49,490	50,304	61,471	-	83,574	74,906	81,030	-
Book Value Per Share ³	376.0	36.20	484.0	589.0	647.0	518.0	493.0	518.0
Cash Flow per Share ³	51.20	77.80	39.40	-52.40	31.20	21.80	52.40	53.90
Capex ¹	4,939	1,550	1,158	-	1,527	2,342	8,587	-
Capex / Sales	17.58%	6.01%	3.14%	-	4.46%	6.3%	22.36%	-
Announcement Date	16/03/20	03/03/21	15/03/22	31/03/23	29/03/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

9,225 IDR

Average target price

1,840 IDR

Spread / Average Target

-80.05%

	1st Jan change	Capi.
AIR LIQUIDE	+2.46%	99.64B
SABIC	-11.38%	59.01B
WANHUA CHEMICAL GROUP CO., LTD.	+5.26%	34.94B
LYONDELLBASELL INDUSTRIES N.V.	+0.61%	31.15B
WESTLAKE CORPORATION	+3.47%	18.62B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+17.33%	17.44B
HENGLI PETROCHEMICAL CO.,LTD.	+5.92%	13.51B
RONGSHENG PETROCHEMICAL CO., LTD.	-6.67%	12.73B
NAN YA PLASTICS CORPORATION	-25.86%	12.04B