Asia300

PT Indofood Sukses Makmur Tbk

Indonesia

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Jul 24, 2017
Prev close: 8,725
Jul 24, 2017
Market cap:
Market cap(USD):
76,609.21B
5,756.62M
Shares: 8,780.42M

Currency in IDR

Company profile

Market(Ticker): JKT(INDF)
Sector:
Industry:
Consumer Non-Durables
Food: Specialty/Candy
Full time employees: 83,310

Business summary

PT Indofood Sukses Makmur Tbk engages in the food manufacturing and processing industry. It operates through the following segments: Consumer Branded Products, Bogasari, Agribusiness, Distribution, and Cultivation and Processed Vegetables. The Consumer Branded Products segment focuses on the production of a range of consumer branded products, which include noodles, dairy, snack foods, food seasonings, nutrition and special foods, and beverages. The Bogasari segment involves the production of wheat flour and pasta. The Agribusiness segment deals with the research and development, seed breeding, oil palm cultivation and milling, and production and marketing of branded cooking oils, margarine, and shortening. The Distribution segment engages in the distribution of the company and third-party products. The Cultivation and Processed Vegetables segment focuses on the cultivation and processing of branded of branded products. The company was founded on August 14, 1990 and is headquartered in Jakarta, Indonesia.

Company background

Indofood Sukses Makmur is the core unit of Salim Group, one of Southeast Asia's biggest family-run businesses. Anthoni Salim, the son of the ethnic Chinese conglomerate's founder Sudono, has been its president since 2004. Salim Group's Hong Kong investment arm First Pacific, which is also led by Anthoni, owns 50% of Indofood's shares.

Indofood is one of the few companies that Salim Group did not let go during the Asian financial crisis, which led to former Indonesian President Suharto's overthrow in 1998. The company recovered through public funded bailouts and Salim's investment vehicles, and has been diversifying in recent years. In 2010, Indofood floated shares of its consumer products division, which includes its core instant noodle business.

In 2013, Indofood expanded its overseas presence. Acquisitions included sugar producers in Brazil and the Philippines as well as Singapore-listed vegetable processor China Minzhong Food. Activity has slowed in 2014, but a return to focus on the domestic markets may be in the cards. Salim claims that global expansion will help bring technology and know-how to Indonesia.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 66,750.31B
Gross profit 18,937.38B
Operating income 8,293.60B
Income before tax 7,385.22B
Net income 3,801.09B
EBITDA 10,877.57B
Diluted EPS 472
Dividends per share 235
Total assets 82,174.51B
Total liabilities 38,233.09B
Total equity 28,974.28B
Operating cash flow 7,175.60B

Currency in IDR

Revenue 5,018.66M
Gross profit 1,423.81M
Operating income 623.55M
Income before tax 555.26M
Net income 285.78M
EBITDA 817.83M
Diluted EPS 0.03
Dividends per share 0.01
Total assets 6,099.42M
Total liabilities 2,837.86M
Total equity 2,150.62M
Operating cash flow 539.50M

Currency in USD

Valuation measures

Dec 2016

PER 16.79
ROA 4.36%
ROE 13.51%
Operating margin 12.42%
Profit margin 5.69%

Key executive

  • President Director & Chief Executive Officer: Anthoni Salim
  • Head-Corporate Information Technology: Hantoro Tanoto
  • Director: Franciscus Welirang
  • Director: Darmawan Sarsito
  • Director: Tje Fie Tjhie

Share holders

  • First Pacific Co. Ltd.(50.0%)
  • PT Schroder Investment Management Indonesia(1.7%)
  • The Vanguard Group, Inc.(1.7%)
  • Dimensional Fund Advisors LP(1.4%)
  • BlackRock Fund Advisors(1.0%)
  • BlackRock Advisors (UK) Ltd.(0.3%)
  • Macquarie Investment Management Ltd.(0.3%)
  • EARNEST Partners LLC(0.3%)
  • Macquarie Funds Management Hong Kong Ltd.(0.3%)
  • Causeway Capital Management LLC(0.2%)

Address

  • Website: http://www.indofood.com
  • Address: Sudirman Plaza, Indofood Tower, 27/F, Jalan Jenderal Sudirman, Jakarta, 12910, Indonesia
  • Phone: +62.21.5795.8822

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