AALI, BWPT, FAPA, PSGO, STAA, PGUN: Steady Palm Oil, Solid Cashflows
July 6, 2025 – Based on TTM Cashflows
Returns & CFROA
Palm oil prices have held steady at around RM 4,000 per ton for the past few years — and so have the cashflows for many producers.
• AALI leads with a CFROA of 12%
• STAA and FAPA follow at 11% and 10%
• PGUN and PSGO deliver 7% and 8%
• BWPT is lower at 6%
Returns are positive across the board — a sign of stability in the sector after years of volatility.
Valuation
Despite the solid cash returns, most market value equivalents remain below actual performance:
• AALI is valued at just 2%
• BWPT, PSGO, and PGUN sit at 1%, 5%, and 7%
• FAPA, with 10% CFROA, is priced at 11%
• STAA holds steady at 6%
Even PGUN, at 7% CFROA and 7% valuation, is not aggressively priced. For the rest, markets appear conservative.
Leverage
Most names in the group maintain low leverage:
• AALI, PSGO, STAA, and PGUN are all under 25%
• FAPA is higher at 58%
• BWPT is the only one above 70%, at 74%
Low debt and steady cashflow are a strong combination — and most of these names deliver both.
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Data 🌴
AALI.jk
• CFROA: 12%
• Market Value Equivalent: 2%
• Leverage: 3%
• Rank: #49
BWPT.jk
• CFROA: 6%
• Market Value Equivalent: 1%
• Leverage: 74%
• Rank: --
FAPA.jk
• CFROA: 10%
• Market Value Equivalent: 11%
• Leverage: 58%
• Rank: #62
PSGO.jk
• CFROA: 8%
• Market Value Equivalent: 5%
• Leverage: 3%
• Rank: #71
STAA.jk
• CFROA: 11%
• Market Value Equivalent: 6%
• Leverage: 7%
• Rank: #56
PGUN.jk
• CFROA: 7%
• Market Value Equivalent: 7%
• Leverage: 25%
• Rank: #85
⸻
These stocks don’t make headlines — but they make cash. With steady CFROA, low to moderate leverage, and market valuations still below performance, palm oil producers may offer more stability than expected.
For informational purposes only, not investment advice.
⸻
Upgrade to Sharpfokus App for full CFROA & market value data
Covers over 90% of the Indonesian market — updated daily & morning meeting access.
July 6, 2025 – Based on TTM Cashflows
Returns & CFROA
Palm oil prices have held steady at around RM 4,000 per ton for the past few years — and so have the cashflows for many producers.
• AALI leads with a CFROA of 12%
• STAA and FAPA follow at 11% and 10%
• PGUN and PSGO deliver 7% and 8%
• BWPT is lower at 6%
Returns are positive across the board — a sign of stability in the sector after years of volatility.
Valuation
Despite the solid cash returns, most market value equivalents remain below actual performance:
• AALI is valued at just 2%
• BWPT, PSGO, and PGUN sit at 1%, 5%, and 7%
• FAPA, with 10% CFROA, is priced at 11%
• STAA holds steady at 6%
Even PGUN, at 7% CFROA and 7% valuation, is not aggressively priced. For the rest, markets appear conservative.
Leverage
Most names in the group maintain low leverage:
• AALI, PSGO, STAA, and PGUN are all under 25%
• FAPA is higher at 58%
• BWPT is the only one above 70%, at 74%
Low debt and steady cashflow are a strong combination — and most of these names deliver both.
⸻
Data 🌴
AALI.jk
• CFROA: 12%
• Market Value Equivalent: 2%
• Leverage: 3%
• Rank: #49
BWPT.jk
• CFROA: 6%
• Market Value Equivalent: 1%
• Leverage: 74%
• Rank: --
FAPA.jk
• CFROA: 10%
• Market Value Equivalent: 11%
• Leverage: 58%
• Rank: #62
PSGO.jk
• CFROA: 8%
• Market Value Equivalent: 5%
• Leverage: 3%
• Rank: #71
STAA.jk
• CFROA: 11%
• Market Value Equivalent: 6%
• Leverage: 7%
• Rank: #56
PGUN.jk
• CFROA: 7%
• Market Value Equivalent: 7%
• Leverage: 25%
• Rank: #85
⸻
These stocks don’t make headlines — but they make cash. With steady CFROA, low to moderate leverage, and market valuations still below performance, palm oil producers may offer more stability than expected.
For informational purposes only, not investment advice.
⸻
Upgrade to Sharpfokus App for full CFROA & market value data
Covers over 90% of the Indonesian market — updated daily & morning meeting access.