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Consumer Non-Durables

PT Indofood Sukses Makmur Tbk

  • 6,100.00 IDR
  • 0.00
  • 0.00%
  • Indonesia
    Aug 16, 2018
  • Ticker
    JKT(INDF)
  • Prev. close
    6,100
  • Market cap (IDR)
    53,560.60B
  • Market cap (USD)
    3,666.02M
  • Shares
    8,780.43M

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.

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, and Distribution Business. 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 company was founded on August 14, 1990 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue70,186.61B5,244.93M
Gross Profit19,358.49B1,446.62M
Operating income8,604.20B642.97M
Income before tax7,658.55B572.31M
Net income4,168.47B311.50M
EBITDA11,258.71B841.34M
Diluted EPS4750.03
Dividends Per Share2370.01
Total Assets87,939.48B6,481.62M
Total liabilities41,182.76B3,035.39M
Total equity31,178.84B2,298.05M
Operating cash flow6,507.80B486.31M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 57,731.99B 63,594.45B 64,061.94B 66,659.48B 70,186.61B
Gross Profit 13,951.87B 16,735.03B 16,830.40B 18,846.55B 19,358.49B
Operating income 5,942.50B 6,851.99B 6,743.77B 8,293.60B 8,604.20B
Income before tax 4,551.15B 6,340.18B 4,962.08B 7,385.22B 7,658.55B
Net income 2,503.84B 3,324.13B 2,571.96B 3,801.09B 4,168.47B
EBITDA 7,914.59B 9,245.30B 9,056.90B 10,877.57B 11,258.71B
Diluted EPS 285 449 338 472 475
Dividends Per Share 142 220 168 235 237
Total Assets 78,092.78B 86,077.25B 91,831.52B 82,174.51B 87,939.48B
Total liabilities 39,719.66B 45,803.05B 48,709.93B 38,233.09B 41,182.76B
Total equity 23,648.59B 25,104.40B 27,269.35B 28,974.28B 31,178.84B
Operating cash flow 6,928.79B 9,269.31B 4,559.43B 7,175.60B 6,507.80B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 5,525.65M 5,360.37M 4,781.72M 5,011.83M 5,244.93M
Gross Profit 1,335.36M 1,410.59M 1,256.25M 1,416.99M 1,446.62M
Operating income 568.77M 577.55M 503.37M 623.55M 642.97M
Income before tax 435.60M 534.41M 370.38M 555.26M 572.31M
Net income 239.64M 280.19M 191.97M 285.78M 311.50M
EBITDA 757.52M 779.28M 676.02M 817.83M 841.34M
Diluted EPS 0.02 0.03 0.02 0.03 0.03
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 6,416.82M 6,950.12M 6,661.69M 6,099.42M 6,481.62M
Total liabilities 3,263.73M 3,698.26M 3,533.54M 2,837.86M 3,035.39M
Total equity 1,943.18M 2,027.00M 1,978.19M 2,150.62M 2,298.05M
Operating cash flow 663.16M 781.31M 340.32M 539.50M 486.31M

Valuation Measures

Dec 2017
PER16.05
ROA4.90%
ROE13.85%
Operating margin12.25%
Profit margin5.93%

Key executives

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

Shareholders

  • First Pacific Co. Ltd. (50.0%)
  • The Vanguard Group, Inc. (1.7%)
  • PT Schroder Investment Management Indonesia (1.5%)
  • Dimensional Fund Advisors LP (1.5%)
  • BlackRock Fund Advisors (1.1%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • SSgA Funds Management, Inc. (0.3%)
  • EARNEST Partners LLC (0.2%)
  • FIL Investment Management (Singapore) Ltd. (0.2%)
  • Oldfield Partners LLP (0.2%)

Contact Details

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

Related Companies

  • PT Prima Intipangan Sejati
  • Ocean 21 Pte Ltd.
  • PT Indofood Fritolay Makmur
  • PT Indofood CBP Sukses Makmur Tbk
  • PT Indosentra Pelangi
  • PT Indolakto
  • Drayton Pte Ltd.
  • Pacsari Pte Ltd.
  • Indofood Agri Resources Ltd.
  • Indofood Singapore Holdings Pte. Ltd.
  • PT Bogasari Flour Mills
  • Indofood International Finance Ltd.
  • PT Surya Rengo Containers

Competitors

  • Del Monte Pacific Limited
Last Updated on 16 Aug, 2018

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