sharpfokus
  • Asjmp
  • English
  • ABMM
  • ADMF
  • AVIA
  • BBTN
  • BISI
  • BLTZ
  • BNII
  • BNLI
  • BRMS
  • BUKK
  • BVIC
  • CMNP
  • CMNT
  • DLTA
  • DRMA
  • DVLA
  • DYAN
  • EAST
  • FASW
  • GOTO
  • HEXA
  • INTD
  • IPPE
  • ITMG
  • JIHD
  • KDSI
  • KIJA
  • MEGA
  • MERK
  • MMLP
  • MPMX
  • MTDL
  • MTEL
  • NFCX
  • NISP
  • OKAS
  • SLIS
  • STAA
  • STTP
  • TGKA
  • VICI
  • WEHA
  • WIRG
  • WOMF
  • Home
  • BERK
  • CVX
  • CVX
  • FB
  • GOLD
  • INTC
  • MAR
  • PEP
  • PG
  • TSN
  • TWTR
  • TXN
  • Presents
  • Kenny
  • Ranks
  • Palmweekly
  • Stockbit
  • TIRA
  • Meeting
  • MBAP
  • HTUFS
  • 7Steps
  • INTA
  • Model
  • MCOL
  • ESTI
  • Intern
  • Stockbitapp
  • SONA
  • Model1
  • Pdf
  • OBMD
  • PSKT
  • DGIK
  • Data
  • Above
  • IATA
  • mm
  • Untitled
  • Capital
Picture
Other stocks here

BEBS sharper with positive cashflow, but very expensive

BEBS Current 4,300 Target 552 -87%

Jul 11, 2022
1 minute read
Sales declined -13%
Last 5 quarters
-12% 78% -18% 48% -13%
  • Sales declined -13% in the second quarter to 161 billion rupiah 3% above our 157 billion rupiah forecast.
  • This brings the average to 24% growth.
  • We predict average growth of 10% in this next 12 months to bring sales to 206 billion rupiah in the second quarter 2023.

Costs down profit down
Last 5 quarters
-77% -76% -71% -76% -75%
  • The cash cost ratio went from -76% to -75% profit from 43 to 40 billion rupiah in the second quarter.
  • The average cost ratio is at -75% now.
  • We use a -76% cost ratio to predict a 48 billion rupiah profit in the second quarter 2023.
​
Cashflow higher
Last 5 quarters billion rupiah
-3, 2, 29, 16, 25
  • Free cashflow went from 16 to 25 billion rupiah in the second quarter with positive 2 billion rupiah investment cashflow.
  • Average quarterly Cashflow is at 18 billion rupiah now.
  • We assume -9 billion rupiah investment spending which with higher sales gives 39 billion rupiah Cashflow in the second quarter 2023.

Balance sheet net cash worsened
Last 5 quarters billion rupiah
-35 -167 -20 -34 -52
  • Cash declined 41 to 30 billion rupiah in the second quarter.
  • Liabilities increased 75 to 82 billion rupiah so net cash worsened -34 to -52 billion rupiah .
  • With our forecast cashflow & a -111 billion rupiah equity payout -130 billion rupiah liabilities payment net cash will be -14 billion rupiah in 12 months time.
​
Capital raised improved , a -87% lower target price
Last 5 quarters billion rupiah
-194 -192 -188 -187 -152
  • BEBS 14 quarter capital raised improved -187 to -152 billion rupiah in the second quarter with + 1 billion rupiah from liabilities + 33 billion rupiah from equity & will be -62 billion rupiah in12 months time.
  • At the current market value of 38,700 billion rupiah based on our forecasts it’s at a high 44.6 X assets with a 5 years payback & a 0% yield.
  • Our cashflow forecast is 155 billion rupiah which means a 249 X valuation. A 32 X valuation gives a -87% lower target price 552 rupiah.
Picture
  • Asjmp
  • English
  • ABMM
  • ADMF
  • AVIA
  • BBTN
  • BISI
  • BLTZ
  • BNII
  • BNLI
  • BRMS
  • BUKK
  • BVIC
  • CMNP
  • CMNT
  • DLTA
  • DRMA
  • DVLA
  • DYAN
  • EAST
  • FASW
  • GOTO
  • HEXA
  • INTD
  • IPPE
  • ITMG
  • JIHD
  • KDSI
  • KIJA
  • MEGA
  • MERK
  • MMLP
  • MPMX
  • MTDL
  • MTEL
  • NFCX
  • NISP
  • OKAS
  • SLIS
  • STAA
  • STTP
  • TGKA
  • VICI
  • WEHA
  • WIRG
  • WOMF
  • Home
  • BERK
  • CVX
  • CVX
  • FB
  • GOLD
  • INTC
  • MAR
  • PEP
  • PG
  • TSN
  • TWTR
  • TXN
  • Presents
  • Kenny
  • Ranks
  • Palmweekly
  • Stockbit
  • TIRA
  • Meeting
  • MBAP
  • HTUFS
  • 7Steps
  • INTA
  • Model
  • MCOL
  • ESTI
  • Intern
  • Stockbitapp
  • SONA
  • Model1
  • Pdf
  • OBMD
  • PSKT
  • DGIK
  • Data
  • Above
  • IATA
  • mm
  • Untitled
  • Capital