Other stocks here
LPPF sharp with a 7% yield forecast
LPPF Current 4,800 Target 11,291 + 135%
Jul 23, 2022
1 minute read
Sales grew seasonally 84%
Last 5 quarters
96% -78% 860% -75% 84%
Costs down seasonally profit up
Last 5 quarters
-33% -58% -77% -56% -32%
Cashflow lower
Last 5 quarters billion rupiah
1,199, -430, 527, 496, 400
Balance sheet net cash improved
Last 5 quarters billion rupiah
-4,295 -4,248 -4,184 -5,287 -4,721
Capital paid improved , a 135% higher target price
Last 5 quarters billion rupiah
7,622, 7,742, 8,077, 8,722, 9,499
Jul 23, 2022
1 minute read
Sales grew seasonally 84%
Last 5 quarters
96% -78% 860% -75% 84%
- Sales grew seasonally 84% in the second quarter to 1,416 billion rupiah 2% above our 1,386 billion rupiah forecast.
- This brings the average growth to 198% growth.
- We predict average growth of 20% in this next 12 months to bring sales to 2,271 billion rupiah in the second quarter 2023.
Costs down seasonally profit up
Last 5 quarters
-33% -58% -77% -56% -32%
- The cash cost ratio went seasonally from -56% to -32% profit from 145 to 773 billion rupiah in the second quarter
- The average cost ratio is at -56% now.
- We use the average -56% cost ratio to predict a 1,354 billion rupiah profit in the second quarter 2023.
Cashflow lower
Last 5 quarters billion rupiah
1,199, -430, 527, 496, 400
- Free cashflow went from 496 to 400 billion rupiah in the second quarter with -37 billion rupiah investment cashflow.
- Average quarterly Cashflow is at 248 billion rupiah now.
- We assume higher -65 billion rupiah investment spending which with higher sales gives an average 494 billion rupiah Cashflow in the next 12 months.
Balance sheet net cash improved
Last 5 quarters billion rupiah
-4,295 -4,248 -4,184 -5,287 -4,721
- Cash declined 507 to 136 billion rupiah in the next 12 months. quarter
- Liabilities declined 5,794 to 4,857 billion rupiah so net cash improved -5,287 to -4,721 billion rupiah
- With our forecast cashflow & a -861 billion rupiah equity payout -852 billion rupiah liabilities payment net cash will be -3,332 billion rupiah in 12 months time.
Capital paid improved , a 135% higher target price
Last 5 quarters billion rupiah
7,622, 7,742, 8,077, 8,722, 9,499
- LPPF 30 quarter capital paid improved 8,722 to 9,499 billion rupiah in the next 12 months. quarter with 0 billion rupiah from liabilities + 777 billion rupiah from equity & will be 10,435 billion rupiah in12 months time.
- At the current market value of 12,606 billion rupiah based on our forecasts it’s at 2.52 X assets with a 3 years payback & a 7% yield.
- Our cashflow forecast is 1,977 billion rupiah which means a 6 X valuation. A 15 X valuation gives a 135% higher target price 11,291 rupiah.
