Financials PT Fajar Surya Wisesa Tbk

Equities

FASW

ID1000068208

Paper Packaging

End-of-day quote INDONESIA S.E. 23:00:00 03/04/2024 BST 5-day change 1st Jan Change
5,500 IDR 0.00% Intraday chart for PT Fajar Surya Wisesa Tbk 0.00% -5.17%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 19,265,585 19,079,744 18,522,219 18,831,955 14,495,649 14,371,755
Enterprise Value (EV) 1 23,138,853 23,234,022 23,684,599 24,979,129 20,473,059 20,656,503
P/E ratio 13.7 x 19.7 x 52.4 x 30.6 x 121 x -23 x
Yield 4.24% 2.39% 0.94% 1.57% 0.39% -
Capitalization / Revenue 1.94 x 2.31 x 2.34 x 1.58 x 1.33 x 1.86 x
EV / Revenue 2.33 x 2.81 x 2.99 x 2.09 x 1.88 x 2.67 x
EV / EBITDA 8.36 x 14.5 x 24 x 18.6 x 25.4 x -181 x
EV / FCF 90.9 x 244 x -50.1 x -28.9 x 35.9 x -449 x
FCF Yield 1.1% 0.41% -1.99% -3.45% 2.79% -0.22%
Price to Book 4.49 x 4.07 x 4.04 x 3.7 x 2.89 x 3.29 x
Nbr of stocks (in thousands) 2,477,889 2,477,889 2,477,889 2,477,889 2,477,889 2,477,889
Reference price 2 7,775 7,700 7,475 7,600 5,850 5,800
Announcement Date 14/02/19 11/02/20 01/03/21 14/02/22 14/02/23 13/02/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9,938,311 8,268,504 7,909,812 11,932,773 10,890,282 7,723,193
EBITDA 1 2,768,853 1,597,676 988,609 1,341,759 805,304 -113,942
EBIT 1 2,554,789 1,369,618 775,691 1,065,395 491,895 -424,692
Operating Margin 25.71% 16.56% 9.81% 8.93% 4.52% -5.5%
Earnings before Tax (EBT) 1 1,988,090 1,220,596 362,807 836,865 168,600 -795,284
Net income 1 1,405,368 968,834 353,300 614,926 119,926 -625,865
Net margin 14.14% 11.72% 4.47% 5.15% 1.1% -8.1%
EPS 2 567.2 391.0 142.6 248.2 48.40 -252.6
Free Cash Flow 1 254,446 95,238 -472,460 -863,013 570,854 -46,048
FCF margin 2.56% 1.15% -5.97% -7.23% 5.24% -0.6%
FCF Conversion (EBITDA) 9.19% 5.96% - - 70.89% -
FCF Conversion (Net income) 18.11% 9.83% - - 476% -
Dividend per Share 2 330.0 184.0 70.00 119.0 23.00 -
Announcement Date 14/02/19 11/02/20 01/03/21 14/02/22 14/02/23 13/02/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3,873,267 4,154,279 5,162,380 6,147,174 5,977,410 6,284,748
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.399 x 2.6 x 5.222 x 4.581 x 7.423 x -55.16 x
Free Cash Flow 1 254,446 95,238 -472,460 -863,013 570,854 -46,048
ROE (net income / shareholders' equity) 37.1% 21.6% 7.62% 12.7% 2.37% -13.4%
ROA (Net income/ Total Assets) 15.7% 7.88% 4.35% 5.37% 2.35% -2.09%
Assets 1 8,948,936 12,289,853 8,112,881 11,458,391 5,106,276 29,972,942
Book Value Per Share 2 1,731 1,894 1,850 2,055 2,022 1,761
Cash Flow per Share 2 143.0 40.90 41.30 58.50 34.10 30.50
Capex 1 1,027,438 809,723 761,698 490,167 599,930 493,402
Capex / Sales 10.34% 9.79% 9.63% 4.11% 5.51% 6.39%
Announcement Date 14/02/19 11/02/20 01/03/21 14/02/22 14/02/23 13/02/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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