HRUM fastest sales growth
HRUM Current 1,760 Target 2,481 + 41%
Aug 7, 2022
1 minute read
Sales jumped 48%
Last 5 quarters growth & sales million dollars
3% 53% 46% 16% 48%
59 90 131 152 225
Costs up profit up
Last 5 quarters cost ratio & profit million dollars
-67% -57% -61% -46% -50%
-3 33 46 77 107
Cashflow higher
Last 5 quarters operating & investment million dollars
25 26 60 32 129
-48 -42 -34 -1 -82
Net cash up
Last 5 quarters cash & liabilities million dollars
136 155 149 200 211
146 164 224 245 217
Capital improved
Last 5 quarters cumulative capital , liabilities & equity
10 -24 8 -12 26
-13 -13 26 -3 48
0 -21 6 -17 -11
Aug 7, 2022
1 minute read
- Last 12 months cash flow + 6% of market cap
- Last 12 months Capital + 1% of market cap
- Latest net cash -0% of market cap
Sales jumped 48%
Last 5 quarters growth & sales million dollars
3% 53% 46% 16% 48%
59 90 131 152 225
- Sales jumped 48% in the second quarter to 225 million dollars ; our forecasts v sales is -19% now.
- This brings the average to 41% growth.
- We predict average growth of 2% in this next 12 months to bring sales to 244 million dollars in the second quarter 2023.
Costs up profit up
Last 5 quarters cost ratio & profit million dollars
-67% -57% -61% -46% -50%
-3 33 46 77 107
- The cash cost ratio went from -46% to -50% profit from 77 to 107 million dollars in the second quarter.
- The average cost ratio is at -53% now.
- We use the average -53% cost ratio to predict a 107 million dollars profit in the second quarter 2023.
Cashflow higher
Last 5 quarters operating & investment million dollars
25 26 60 32 129
-48 -42 -34 -1 -82
- Free cashflow went from 31 to 48 million dollars in the second quarter with -82 investment cashflow.
- Average quarterly Cashflow is at 22 million dollars now.
- We assume lower -41 million dollars investment cashflow which with higher sales gives 70 million dollars average Cashflow in the next 12 months.
Net cash up
Last 5 quarters cash & liabilities million dollars
136 155 149 200 211
146 164 224 245 217
- Cash increased 200 to 211 million dollars in the second quarter.
- Liabilities declined 245 to 217 million dollars so net cash was up -45 to -6 million dollars .
- With our forecast cashflow & a -251 million dollars equity payout -30 million dollars liabilities payment net cash will be 24 million dollars in 12 months time.
Capital improved
Last 5 quarters cumulative capital , liabilities & equity
10 -24 8 -12 26
-13 -13 26 -3 48
0 -21 6 -17 -11
- HRUM cumulative capital improved -12 to 26 million dollars with + 48 & -11 million dollars from liabilities, equity in the second quarter & will be 307 million dollars in12 months time.
- At the current market value of 1,597 million dollars based on our forecasts it’s at 1.3 X assets with a 3 years payback & a 16% yield.
- Our cashflow forecast is 281 million dollars which means a 6 X valuation. A 8 X valuation gives a 41% higher target price 2,481 rupiah.
