Indofood Sukses Makmur Tbk PT
IDX:INDF

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Indofood Sukses Makmur Tbk PT
IDX:INDF
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Price: 7 625 IDR -1.29% Market Closed
Market Cap: 67T IDR
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Relative Value

The Relative Value of one INDF stock under the Base Case scenario is 15 458.73 IDR. Compared to the current market price of 7 625 IDR, Indofood Sukses Makmur Tbk PT is Undervalued by 51%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

INDF Relative Value
Base Case
15 458.73 IDR
Undervaluation 51%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
22
vs Industry
68
Median 3Y
0.5
Median 5Y
0.5
Industry
1
Forward
0.6
vs History
58
vs Industry
57
Median 3Y
6.9
Median 5Y
7.5
Industry
16.8
Forward
6.3
vs History
74
vs Industry
64
Median 3Y
3.9
Median 5Y
3.6
Industry
9.9
vs History
44
vs Industry
54
Median 3Y
4.1
Median 5Y
4.1
Industry
17.2
vs History
41
vs Industry
64
Median 3Y
1
Median 5Y
1.1
Industry
1.5
vs History
55
vs Industry
60
Median 3Y
0.8
Median 5Y
0.8
Industry
1.1
Forward
0.8
vs History
73
vs Industry
71
Median 3Y
2.6
Median 5Y
2.7
Industry
4.8
vs History
79
vs Industry
65
Median 3Y
4.6
Median 5Y
5
Industry
10.6
Forward
3.5
vs History
79
vs Industry
66
Median 3Y
4.6
Median 5Y
5
Industry
13.7
Forward
4.1
vs History
73
vs Industry
61
Median 3Y
6.1
Median 5Y
5.9
Industry
11.2
vs History
74
vs Industry
49
Median 3Y
8.6
Median 5Y
8.5
Industry
15.5
vs History
34
vs Industry
77
Median 3Y
0.6
Median 5Y
0.6
Industry
1.1

Multiples Across Competitors

INDF Competitors Multiples
Indofood Sukses Makmur Tbk PT Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
ID
Indofood Sukses Makmur Tbk PT
IDX:INDF
67T IDR 0.6 6.8 4.1 4.1
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
190.5B CHF 2.1 17 12.4 15.1
US
Mondelez International Inc
NASDAQ:MDLZ
80.2B USD 2.2 21 12.9 15.6
ZA
Tiger Brands Ltd
JSE:TBS
45.5B Zac 0 0 0 0
FR
Danone SA
PAR:BN
41.2B EUR 1.5 41.1 9.4 13.8
MY
Ocb Bhd
KLSE:OCB
167.6B MYR 542 14 380.3 7 279.1 9 403.8
US
Kraft Heinz Co
NASDAQ:KHC
37B USD 1.4 27 8.8 10.3
ZA
Avi Ltd
JSE:AVI
35.8B Zac 0 0 0 0
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
260.3B CNY 10.1 43.5 37.3 37.3
US
General Mills Inc
NYSE:GIS
35.2B USD 1.8 13.5 10.7 12.3
P/E Multiple
Earnings Growth P/E to Growth
ID
Indofood Sukses Makmur Tbk PT
IDX:INDF
Average P/E: 61 700.3
6.8
49%
0.1
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
540 752.8
N/A N/A
CH
Nestle SA
SIX:NESN
17
18%
1
US
Mondelez International Inc
NASDAQ:MDLZ
21
5%
4.2
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
50%
N/A
FR
Danone SA
PAR:BN
41.1
211%
0.2
MY
O
Ocb Bhd
KLSE:OCB
14 380.3
N/A N/A
US
Kraft Heinz Co
NASDAQ:KHC
27
38%
0.7
ZA
A
Avi Ltd
JSE:AVI
Not Available
29%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
43.5
40%
1.1
US
General Mills Inc
NYSE:GIS
13.5
12%
1.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ID
Indofood Sukses Makmur Tbk PT
IDX:INDF
Average EV/EBITDA: 21 546.4
4.1
46%
0.1
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
12.4
5%
2.3
US
Mondelez International Inc
NASDAQ:MDLZ
12.9
19%
0.7
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
74%
N/A
FR
Danone SA
PAR:BN
9.4
4%
2.5
MY
O
Ocb Bhd
KLSE:OCB
7 279.1
N/A N/A
US
Kraft Heinz Co
NASDAQ:KHC
8.8
6%
1.4
ZA
A
Avi Ltd
JSE:AVI
Not Available
24%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
37.3
65%
0.6
US
General Mills Inc
NYSE:GIS
10.7
3%
3.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ID
Indofood Sukses Makmur Tbk PT
IDX:INDF
Average EV/EBIT: 36 421.9
4.1
26%
0.2
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
15.1
3%
4.5
US
Mondelez International Inc
NASDAQ:MDLZ
15.6
19%
0.8
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
39%
N/A
FR
Danone SA
PAR:BN
13.8
17%
0.8
MY
O
Ocb Bhd
KLSE:OCB
9 403.8
N/A N/A
US
Kraft Heinz Co
NASDAQ:KHC
10.3
6%
1.7
ZA
A
Avi Ltd
JSE:AVI
Not Available
24%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
37.3
45%
0.8
US
General Mills Inc
NYSE:GIS
12.3
2%
6.7

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