Indo Kordsa Tbk PT
IDX:BRAM
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Titan Company Ltd
NSE:TITAN
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IN |
P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (0.8), the stock would be worth Rp6 206.57 (40% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.5 | Rp4 440 |
0%
|
| 3-Year Average | 0.8 | Rp6 206.57 |
+40%
|
| 5-Year Average | 0.8 | Rp6 552.27 |
+48%
|
| Industry Average | 0.9 | Rp6 989.97 |
+57%
|
| Country Average | 1.6 | Rp13 128.83 |
+196%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| ID |
|
Indo Kordsa Tbk PT
IDX:BRAM
|
2T IDR | 0.5 | -49.6 | |
| JP |
|
Bridgestone Corp
TSE:5108
|
4.2T JPY | 1.1 | 12.8 | |
| FR |
|
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
|
22B EUR | 1.2 | 13.2 | |
| IT |
|
Pirelli & C SpA
MIL:PIRC
|
6B EUR | 1 | 7.9 | |
| CN |
|
Sailun Group Co Ltd
SSE:601058
|
44.7B CNY | 2.1 | 12.1 | |
| JP |
|
Yokohama Rubber Co Ltd
TSE:5101
|
995.6B JPY | 1 | 9.4 | |
| IN |
|
MRF Ltd
NSE:MRF
|
570.9B INR | 2.9 | 25 | |
| KR |
H
|
Hankook Tire & Technology Co Ltd
KRX:161390
|
7.6T KRW | 0.6 | 7 | |
| IN |
|
Balkrishna Industries Ltd
NSE:BALKRISIND
|
437.9B INR | 4.1 | 32.2 | |
| JP |
|
Toyo Tire Corp
TSE:5105
|
583B JPY | 1.1 | 9.2 | |
| CN |
|
Anhui Zhongding Sealing Parts Co Ltd
SZSE:000887
|
24.2B CNY | 1.7 | 16 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.9 |
| Median | 1.6 |
| 70th Percentile | 2.9 |
| Max | 652 108.7 |
Other Multiples
Indo Kordsa Tbk PT
Glance View
PT Indo Kordsa Tbk engages in the manufacture and marketing of tire cord, fabric, yarn, filaments, and raw materials of polyester. The company is headquartered in Bogor, Jawa Barat and currently employs 1,530 full-time employees. The firm's segments include Tire cord fabric, Nylon yarn and Polyester yarn. The firm produces Nylon 66 Yarn and High-Modulus Low Shrinkage (HMLS) Polyester Yarn to be processed again into Tire Cord Fabric (TCF). The production capacity of polyester and nylon yarn is approximately 46 kilo tons and 24 kilo tons. The company produces Nylon 66 and Polyester HMLS yarns for the production of tire fabrics. The firm produces raw materials for producers of various types and brands of tires. The firm sells its products to local and international markets. Its subsidiary, Thai Indo Kordsa Co., Ltd. (TIK), is engaged in tire cord fabric business. Its subsidiary, PT Indo Kordsa Polyester (IKP), focuses on polyester/polyester tire yarn industry.
