INTD.jk Cashflow more negative
Current 210 Target 118 -14%
1/16/2023
1 minute read
Sales grew 14%
Last 5 quarters quarterly sales growth, quarterly ales
-30% 56% -30% -25% 14%
11 ; 18 ; 12 ; 9 ; 11 billion rupiah
Margin up profit up
Last 5 quarters cash margin, profit
3% 11% 6% -14% 14%
0 ; 2 ; 1 ; -1 ; 1 billion rupiah
Cashflow more negative
Last 5 quarters operating, investment cashflow
-1 ; 5 ; 2 ; -1 ; -5 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
Net cash down
Last 5 quarters cash, liabilities
21 ; 26 ; 28 ; 27 ; 22 billion rupiah
10 ; 5 ; 6 ; 6 ; 4 billion rupiah
Capital flat
Last 5 quarters capital (raised) paid from liabilities, equity
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
Current 210 Target 118 -14%
1/16/2023
1 minute read
- Last 12 months sales growth -6%
- Last 12 months cash flow + 1% of market cap
- Last 12 months Capital (debt & equity) paid (raised) + 0% of market cap
- Latest cash minus liabilities 15% of market cap
Sales grew 14%
Last 5 quarters quarterly sales growth, quarterly ales
-30% 56% -30% -25% 14%
11 ; 18 ; 12 ; 9 ; 11 billion rupiah
- Sales grew 14% in the third quarter to 11 billion rupiah ; our total forecasts v actual sales are -100% now.
- This brings the average to 4% growth.
- We predict average growth of 1% in this next 12 months to bring sales to 11 billion rupiah in the third quarter 2023.
Margin up profit up
Last 5 quarters cash margin, profit
3% 11% 6% -14% 14%
0 ; 2 ; 1 ; -1 ; 1 billion rupiah
- The cash margin went from -14% to 14% profit from -1 to 1 billion rupiah in the third quarter.
- The average cash margin is at 4% now.
- We use a 11% cash margin to predict a 1 billion rupiah profit in the third quarter 2023.
Cashflow more negative
Last 5 quarters operating, investment cashflow
-1 ; 5 ; 2 ; -1 ; -5 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
- Free cashflow went from -1 to -5 billion rupiah in the third quarter with 0 billion rupiah investment cashflow.
- Average quarterly Cashflow is at 0 billion rupiah now.
- We assume 0 billion rupiah investment spending which with higher sales gives 1 billion rupiah average Cashflow in the next 12 months.
Net cash down
Last 5 quarters cash, liabilities
21 ; 26 ; 28 ; 27 ; 22 billion rupiah
10 ; 5 ; 6 ; 6 ; 4 billion rupiah
- Cash declined 27 to 22 billion rupiah in the third quarter.
- Liabilities declined 6 to 4 billion rupiah so net cash was down 21 to 18 billion rupiah .
- With our forecast cashflow & a -5 billion rupiah equity payout -1 billion rupiah liabilities net cash will be 19 billion rupiah in 12 months time.
Capital flat
Last 5 quarters capital (raised) paid from liabilities, equity
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
- INTD.jk (raised) 0 billion rupiah in the third quarter 0 billion rupiah liabilities 0 billion rupiah equity, will pay 5 billion rupiah this next 12 months.
- At the current market cap of 124 billion rupiah based on our forecasts it’s at 2.90 X assets with a 4 years payback & a 4% yield.
- Our cashflow forecast is 5 billion rupiah which means a 23 X valuation. A 20 X valuation gives a -14% lower target price 118 rupiah.