OKAS.jk Cashflow more positive
Current 96 Target 224 + 134%
1/12/2023
1 minute read
Sales grew 31%
Last 5 quarters quarterly sales growth, quarterly ales
19% 6% 10% 5% 31%
430 ; 457 ; 501 ; 528 ; 691 billion rupiah
Margin up profit up
Last 5 quarters cash margin, profit
6% -1% 13% 12% 24%
0 ; -29 ; 43 ; 44 ; 141 billion rupiah
Cashflow more positive
Last 5 quarters operating, investment cashflow
43 ; 71 ; 43 ; 44 ; 173 billion rupiah
-11 ; -20 ; -6 ; -9 ; -16 billion rupiah
Net cash down
Last 5 quarters cash, liabilities
57 ; 57 ; 57 ; 59 ; 79 billion rupiah
2,335 ; 2,384 ; 2,292 ; 2,331 ; 2,560 billion rupiah
Capital paid
Last 5 quarters capital (raised) paid from liabilities, equity
29 ; 57 ; 29 ; 44 ; 141 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
Current 96 Target 224 + 134%
1/12/2023
1 minute read
- Last 12 months sales growth + 61%
- Last 12 months cash flow + 166% of market cap
- Last 12 months Capital (debt & equity) paid (raised) + 160% of market cap
- Latest cash minus liabilities -1,464% of market cap
Sales grew 31%
Last 5 quarters quarterly sales growth, quarterly ales
19% 6% 10% 5% 31%
430 ; 457 ; 501 ; 528 ; 691 billion rupiah
- Sales grew 31% in the third quarter to 691 billion rupiah ; our total forecasts v actual sales are -100% now.
- This brings the average to 13% growth.
- We predict average growth of 1% in this next 12 months to bring sales to 726 billion rupiah in the third quarter 2023.
Margin up profit up
Last 5 quarters cash margin, profit
6% -1% 13% 12% 24%
0 ; -29 ; 43 ; 44 ; 141 billion rupiah
- The cash margin went from 12% to 24% profit from 44 to 141 billion rupiah in the third quarter.
- The average cash margin is at 12% now.
- We use a 15% cash margin to predict a 91 billion rupiah profit in the third quarter 2023.
Cashflow more positive
Last 5 quarters operating, investment cashflow
43 ; 71 ; 43 ; 44 ; 173 billion rupiah
-11 ; -20 ; -6 ; -9 ; -16 billion rupiah
- Free cashflow went from 35 to 157 billion rupiah in the third quarter with -16 billion rupiah investment cashflow.
- Average quarterly Cashflow is at 70 billion rupiah now.
- We assume -10 billion rupiah investment spending which with higher sales gives 99 billion rupiah average Cashflow in the next 12 months.
Net cash down
Last 5 quarters cash, liabilities
57 ; 57 ; 57 ; 59 ; 79 billion rupiah
2,335 ; 2,384 ; 2,292 ; 2,331 ; 2,560 billion rupiah
- Cash increased 59 to 79 billion rupiah in the third quarter.
- Liabilities increased 2,331 to 2,560 billion rupiah so net cash was down -2,272 to -2,481 billion rupiah .
- With our forecast cashflow & a 0 billion rupiah equity payout -396 billion rupiah liabilities net cash will be -2,085 billion rupiah in 12 months time.
Capital paid
Last 5 quarters capital (raised) paid from liabilities, equity
29 ; 57 ; 29 ; 44 ; 141 billion rupiah
0 ; 0 ; 0 ; 0 ; 0 billion rupiah
- OKAS.jk paid 141 billion rupiah in the third quarter 141 billion rupiah liabilities 0 billion rupiah equity, will pay 396 billion rupiah this next 12 months.
- At the current market cap of 170 billion rupiah based on our forecasts it’s at 0.06 X assets with a 7 years payback & a 0% yield.
- Our cashflow forecast is 396 billion rupiah which means a 0 X valuation. A 1 X valuation gives a 134% higher target price 224 rupiah.