Salim Ivomas Pratama: A Leading Indonesian Agribusiness Company
Indonesia Investments updated the company profile of Salim Ivomas Pratama. The company, controlled by the Salim Group, is one of Indonesia's largest vertically integrated agribusiness players. It is a leading oil palm plantation company that - besides producing crude palm oil, fresh fruit bunches, palm kernel and other palm oil derivative products - also produces rubber and sugar cane. Salim Ivomas Pratama is known as the leading producer of cooking oil and margarine.
In the first nine months of 2013, the company's net sales fell 9 percent to IDR 9.53 trillion from IDR 10.52 trillion a year ago, particularly caused by lower prices of crude palm oil (CPO), palm kernel and rubber. In the same period, net profit was down 82 percent to IDR 171 billion from IDR 970 billion in the previous year. The steep fall in profit is particularly due to lower operating profit and foreign exchange losses.
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Salim Ivomas Pratama's Financial Highlights:
2010 | 2011 | 2012 | |
Net Sales | 9,484.3 | 12,605.3 | 13,844.9 |
Gross Profit | 3,545.5 | 4,341.8 | 3,894.3 |
Operating Profit | 2,239.5 | 3,136.5 | 2,446.9 |
EBITDA |
3,142.5 | 3,945.5 | 3,210.4 |
Net Income |
971.0 | 1,666.6 | 1,156.9 |
Total Assets | 21,063.7 | 25,510.3 | 26,574.4 |
Total Liabilities | 11,324.6 | 10,339.2 | 10,482.4 |
Basic Earnings per Share¹ | 77 | 115 | 73 |
Cash Dividend per Share¹ | - | - | - |
P/E Ratio (x) | - | - | 11,9 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Salim Ivomas Pratama, Annual Report 2012
Future Projection Salim Ivomas Pratama's Financial Highlights:
2012 | 2013F | 2014F | 2015F | |
Net Sales | 13,844.9 | 14,090.0 | 17,109 | 17,316.0 |
Net Income | 1,156.9 | 441.0 | 1,044.0 | 943.0 |
EBITDA | 3,210.4 | 1,748.0 | 2,808.0 | 2,567.0 |
Earnings per share¹ | 73 | 27,9 | 66,0 | 59,6 |
P/E Ratio (x) | 11,9 | 31,2 | 13,2 | 14,6 |
in billion Rupiah (IDR), except stated otherwise
¹ in Rupiah (IDR)
Sources: Salim Ivomas Pratama, Annual Report 2012 & Investor Daily