CENT more capital raised
CENT Current 143 Target 122 -14%
03/11/2022
1 minute read
Sales grew 5%
Last 5 quarters growth, sales billion rupiah
-0% 0% 88% 1% 5%
301 302 568 571 597
Costs, profit less negative
Last 5 quarters cost ratio, profit billion rupiah
-73% -62% -135% -149% -108%
-54 -22 -478 -554 -324
Cashflow positive
Last 5 quarters operating, investment cashflow billion rupiah
43 156 -173 350 417
-230 -172 -231 -486 -40
Net cash down
Last 5 quarters cash, liabilities billion rupiah
530 798 521 346 847
5,636 17,740 18,258 18,499 19,768
Capital worsened
Last 5 quarters cumulative capital, from liabilities, equity billion rupiah
-4,616 -4,529 -4,654 -4,619 -5,286
-45 87 -125 -1 -667
0 0 0 36 -0
03/11/2022
1 minute read
- Last 12 months sales growth + 98%
- Last 12 months cash flow -4% of market cap
- Last 12 months Capital -15% of market cap
- Latest net cash -424% of market cap
Sales grew 5%
Last 5 quarters growth, sales billion rupiah
-0% 0% 88% 1% 5%
301 302 568 571 597
- Sales grew 5% in the third quarter to 597 billion rupiah ; our forecasts v sales is -8% now.
- This brings the average to 23% growth.
- We predict average growth of 1% in this next 12 months to bring sales to 609 billion rupiah in the third quarter 2023.
Costs, profit less negative
Last 5 quarters cost ratio, profit billion rupiah
-73% -62% -135% -149% -108%
-54 -22 -478 -554 -324
- The cash cost ratio went from -149% to -108% profit from -554 to -324 billion rupiah in the third quarter.
- The average cost ratio is at -114% now.
- We use a -97% cost ratio to predict a -255 billion rupiah profit in the third quarter 2023.
Cashflow positive
Last 5 quarters operating, investment cashflow billion rupiah
43 156 -173 350 417
-230 -172 -231 -486 -40
- Free cashflow went from -136 to 377 billion rupiah in the third quarter with -40 investment cashflow.
- Average quarterly Cashflow is at -45 billion rupiah now.
- We assume -40 billion rupiah investment cashflow which with higher sales gives -21 billion rupiah average Cashflow in the next 12 months.
Net cash down
Last 5 quarters cash, liabilities billion rupiah
530 798 521 346 847
5,636 17,740 18,258 18,499 19,768
- Cash increased 346 to 847 billion rupiah in the third quarter.
- Liabilities increased 18,499 to 19,768 billion rupiah so net cash was down -18,153 to -18,921 billion rupiah .
- With our forecast cashflow & a 0 billion rupiah equity payout 85 billion rupiah liabilities payment net cash will be -19,006 billion rupiah in 12 months time.
Capital worsened
Last 5 quarters cumulative capital, from liabilities, equity billion rupiah
-4,616 -4,529 -4,654 -4,619 -5,286
-45 87 -125 -1 -667
0 0 0 36 -0
- CENT cumulative capital worsened -4,619 to -5,286 billion rupiah with -667 & -0 billion rupiah from liabilities, equity in the third quarter & will be -5,371 billion rupiah in12 months time.
- At the current market value of 4,459 billion rupiah based on our forecasts it’s at 0.23 X assets with a -906 years payback & a 0% yield.
- Our operating cashflow forecast is 76 billion rupiah which means a 58 X valuation. A 50 X valuation gives a -14% lower target price 122 rupiah.
