DYAN.jk Cashflow turns positive
Current 98 Target 111 + 13%
12/28/2022
1 minute read
Sales grew 28%
Last 5 quarters quarterly sales growth, quarterlysales
-31% 306% -43% 0% 28%
83 ; 337 ; 193 ; 193 ; 246 billion rupiah
Margin up profit up
Last 5 quarters cash margin, profit
-9% 3% 8% 8% 13%
-20 ; -2 ; 2 ; 2 ; 12 billion rupiah
Cashflow positive
Last 5 quarters operating, investment cashflow
-31 ; 40 ; 0 ; 0 ; 41 billion rupiah
29 ; -34 ; -3 ; -3 ; 3 billion rupiah
Net cash down
Last 5 quarters cash, liabilities
43 ; 84 ; 73 ; 73 ; 99 billion rupiah
417 ; 478 ; 561 ; 561 ; 671 billion rupiah
Capital paid
Last 5 quarters capital (raised) paid from liabilities, equity
18 ; -4 ; -16 ; -16 ; 23 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
Current 98 Target 111 + 13%
12/28/2022
1 minute read
- Last 12 months sales growth + 196%
- Last 12 months cash flow + 11% of market cap
- Last 12 months Capital (debt & equity) paid (raised) -3% of market cap
- Latest cash minus liabilities -137% of market cap
Sales grew 28%
Last 5 quarters quarterly sales growth, quarterlysales
-31% 306% -43% 0% 28%
83 ; 337 ; 193 ; 193 ; 246 billion rupiah
- Sales grew 28% in the third quarter to 246 billion rupiah ; our total forecasts v actual sales are -63% now.
- This brings the average to 73% growth.
- We predict average growth of 2% in this next 12 months to bring sales to 269 billion rupiah in the third quarter 2023.
Margin up profit up
Last 5 quarters cash margin, profit
-9% 3% 8% 8% 13%
-20 ; -2 ; 2 ; 2 ; 12 billion rupiah
- The cash margin went from 8% to 13% profit from 2 to 12 billion rupiah in the third quarter.
- The average cash margin is at 8% now.
- We use a 10% cash margin to predict a 13 billion rupiah profit in the third quarter 2023.
Cashflow positive
Last 5 quarters operating, investment cashflow
-31 ; 40 ; 0 ; 0 ; 41 billion rupiah
29 ; -34 ; -3 ; -3 ; 3 billion rupiah
- Free cashflow went from -3 to 44 billion rupiah in the third quarter with positive 3 billion rupiah investment cashflow.
- Average quarterly Cashflow is at 11 billion rupiah now.
- We assume -1 billion rupiah investment spending which with higher sales gives 26 billion rupiah average Cashflow in the next 12 months.
Net cash down
Last 5 quarters cash, liabilities
43 ; 84 ; 73 ; 73 ; 99 billion rupiah
417 ; 478 ; 561 ; 561 ; 671 billion rupiah
- Cash increased 73 to 99 billion rupiah in the third quarter.
- Liabilities increased 561 to 671 billion rupiah so net cash was down -488 to -572 billion rupiah .
- With our forecast cashflow & a 0 billion rupiah equity payout -105 billion rupiah liabilities net cash will be -467 billion rupiah in 12 months time.
Capital paid
Last 5 quarters capital (raised) paid from liabilities, equity
18 ; -4 ; -16 ; -16 ; 23 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
- DYAN.jk paid 23 billion rupiah in the third quarter 23 billion rupiah liabilities 0 billion rupiah equity, will pay 105 billion rupiah this next 12 months.
- At the current market cap of 419 billion rupiah based on our forecasts it’s at 0.38 X assets with a 10 years payback & a 0% yield.
- Our cashflow forecast is 105 billion rupiah which means a 4 X valuation. A 5 X valuation gives a 13% higher target price 111 rupiah.