Financials PT Dharma Satya Nusantara Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 23:00:00 25/06/2024 BST			5-day change	1st Jan Change
610 ^IDR	0.00%		-6.15%	+9.91%

04-30	PT Dharma Satya Nusantara Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-28	PT Dharma Satya Nusantara Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,810,873	6,379,635	5,229,209	6,359,905	5,882,913	6,465,904	-	-
Enterprise Value (EV) ¹	4,815,597	6,379,635	5,229,209	6,364,063	5,882,913	6,465,904	6,465,904	6,465,904
P/E ratio	27.1 x	13.6 x	7.29 x	5.27 x	7 x	7.47 x	6.49 x	6.23 x
Yield	1.09%	2.05%	4%	-	5.41%	3.43%	3.52%	4.07%
Capitalization / Revenue	0.84 x	0.95 x	0.73 x	0.66 x	0.62 x	0.66 x	0.66 x	0.65 x
EV / Revenue	0.84 x	0.95 x	0.73 x	0.66 x	0.62 x	0.66 x	0.66 x	0.65 x
EV / EBITDA	3.66 x	3.87 x	2.77 x	2.11 x	2.43 x	2.65 x	2.37 x	2.25 x
EV / FCF	-11,596,544 x	18,528,915 x	20,780,599 x	17,525,084 x	-	-	-	-
FCF Yield	-0%	0%	0%	0%	-	-	-	-
Price to Book	1.32 x	1.06 x	0.77 x	0.79 x	0.67 x	0.7 x	0.64 x	0.6 x
Nbr of stocks (in thousands)	10,458,419	10,458,419	10,458,419	10,599,842	10,599,842	10,599,842	-	-
Reference price ²	460.0	610.0	500.0	600.0	555.0	610.0	610.0	610.0
Announcement Date	07/04/20	05/03/21	24/02/22	14/03/23	28/02/24	-	-	-

¹IDR in Million²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,737	6,699	7,124	9,634	9,499	9,746	9,809	9,963
EBITDA ¹	1,313	1,650	1,886	3,018	2,421	2,439	2,731	2,878
EBIT ¹	756.6	995.1	1,293	2,235	1,556	1,640	1,858	1,918
Operating Margin	13.19%	14.85%	18.15%	23.2%	16.38%	16.83%	18.94%	19.25%
Earnings before Tax (EBT) ¹	280.1	695.3	965.9	1,610	1,141	1,218	1,366	-
Net income ¹	179.9	476.6	727.2	1,207	839.8	866	996	1,038
Net margin	3.14%	7.12%	10.21%	12.53%	8.84%	8.89%	10.15%	10.42%
EPS ²	16.98	44.97	68.60	113.9	79.23	81.70	94.00	97.90
Free Cash Flow	-414,854	344,307	251,639	362,903	-	-	-	-
FCF margin	-7,231.6%	5,139.74%	3,532.03%	3,767.03%	-	-	-	-
FCF Conversion (EBITDA)	-	20,861.91%	13,341%	12,023.17%	-	-	-	-
FCF Conversion (Net income)	-	72,236.73%	34,606.06%	30,070.64%	-	-	-	-
Dividend per Share ²	5.000	12.50	20.00	-	30.00	20.90	21.50	24.80
Announcement Date	07/04/20	05/03/21	24/02/22	14/03/23	28/02/24	-	-	-

¹IDR in Billions²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	4,725	-	-	4,157	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.599 x	-	-	1.377 x	-	-	-	-
Free Cash Flow	-414,854	344,307	251,639	362,903	-	-	-	-
ROE (net income / shareholders' equity)	4.93%	9.76%	11.2%	16.2%	9.87%	9.3%	9.9%	-
ROA (Net income/ Total Assets)	1.55%	3.7%	5.22%	8.3%	5.34%	5.2%	5.8%	5.8%
Assets ¹	11,621	12,886	13,932	14,535	15,727	16,654	17,172	17,897
Book Value Per Share ²	349.0	578.0	651.0	758.0	822.0	875.0	947.0	1,020
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	1,002	750	804	1,175	2,266	1,321	1,347	1,376
Capex / Sales	17.47%	11.2%	11.28%	12.2%	23.85%	13.55%	13.73%	13.81%
Announcement Date	07/04/20	05/03/21	24/02/22	14/03/23	28/02/24	-	-	-

¹IDR in Billions²IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

610 IDR

Average target price

725 IDR

Spread / Average Target

+18.85%

	1st Jan change	Capi.
PT DHARMA SATYA NUSANTARA TBK	+9.91%	395M
WENS FOODSTUFF GROUP CO., LTD.	-1.00%	18.07B
QL RESOURCES	+14.19%	3.35B
GODREJ AGROVET LIMITED	+21.62%	1.55B
SLC AGRÍCOLA S.A.	-7.12%	1.41B
CHERKIZOVO GROUP	-.--%	1.28B
SILDARVINNSLAN HF.	-11.06%	1.23B
PT FAP AGRI TBK	0.00%	1.17B
DOLE PLC	-0.49%	1.16B
GENTING PLANTATIONS	+5.28%	1.14B