Nippon Indosari Corpindo: Indonesia's Largest Producer of Bread Products
PT Nippon Indosari Corpindo Tbk is Indonesia’s largest producer of bread products and its the country's only bread producing company that is listed on the Indonesia Stock Exchange (IDX). The company has shown robust growth in recent years due to the increased consumption of bread products by Indonesia's expanding middle class. Nippon Indosari controls a 90 percent market share in Indonesia's mass production of bread products. Its Sari Roti line of bread is a well-known brand in Indonesia.
Over 2013, Nippon Indosari Corpindo recorded a 26 percent jump in net sales to IDR 1.5 trillion from the previous year. Net profit increased 6 percent to IDR 158 billion over the same period. This year, the company targets sales growth of about 20 to 25 percent from the 2013.
Click here to view the detailed company profile of Nippon Indosari Corpindo
In November 2013, Nippon Indosari Corpindo conducted a 1:5 stock split
Nippon Indosari Corpindo's Financial Highlights:
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
Net Sales | 383.6 | 485.9 | 612.2 | 813.3 | 1,190.8 | 1,505.5 |
Gross Profit | 161.2 | 222.1 | 289.0 | 379.4 | 556.4 | 698.6 |
Net Income | 42.4 | 57.1 | 99.8 | 115.9 | 149.1 | 158.0 |
Total Assets | 308.6 | 347.0 | 568.3 | 759.1 | 1,204.9 | 1,822.7 |
Total Liabilities |
177.9 | 179.1 | 112.8 | 212.7 | 538.3 | 1,035.4 |
Earnings per share¹ | 49 | 66 | 106 | 115 | 147 | 31,22² |
Dividend per Share¹ | - | - | - | 28.6 | 36.83 |
in billion IDR (Rupiah), except stated otherwise
¹ in IDR (Rupiah)
² adjusted to 1:5 stock split
Source: Nippon Indosari Corpindo, Annual Report 2012
Future Projection Nippon Indosari Corpindo's Financial Highlights:
2012 | 2013 | 2014F | 2015F | 2016F | |
Net Sales | 1,190.8 | 1,505.5 | 1,882.0 | 2,541.0 | 3,303.0 |
EBITDA | 227 | ||||
Net Income | 149.1 | 158.0 | 219.0 | 284.0 | 378.0 |
Earnings per share¹ | 147 | 156 | |||
P/E Ratio (x) | 46.8 | 32.7 | 32.6 | 25.1 | 18.9 |
in billion IDR (Rupiah), except stated otherwise
¹ in IDR (Rupiah)
Source: AAA Securities
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