Added to YB: 2025-02-03
Pitch date: 2025-01-30
INTP.JK [bullish]
PT Indocement Tunggal Prakarsa Tbk
+23.59%
current return
Author Info
Patches AKF is an investor discussing global small and medium cap companies - ideally those with minimal coverage on the internet. Sign up for the newsletter.
Company Info
PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement and ready-mix concrete products in Indonesia and internationally.
Market Cap
IDR 22.0T
Pitch Price
IDR 5.6K
Price Target
N/A
Dividend
3.89%
EV/EBITDA
5.77
P/E
11.04
EV/Sales
1.16
Sector
Construction Materials
Category
value
PT Indocement (IDX: INTP)
INTP.JK: 2nd largest Indonesian cement maker, 25% market share. Low-cost producer on Java. 19% EBITDA margin, 9% ROIC since 2017. Net cash for 16 years. Trades at $42/ton vs. $150/ton replacement cost. 29% 5-yr IRR potential. Risks: currency, govt action, capital allocation. Strong position in West Java, 50% share in home market.
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