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Merck Tbk PT
IDX:MERK

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Merck Tbk PT
IDX:MERK
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Price: 4 200 IDR -2.33% Market Closed
Market Cap: Rp1.9T

P/FCFE

5.3
Current
65%
Cheaper
vs 3-y average of 15.1

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
5.3
=
Market Cap
Rp1.6T
/
Free Cash Flow to Equity
Rp352.5B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
5.3
=
Market Cap
Rp1.6T
/
Free Cash Flow to Equity
Rp352.5B

Valuation Scenarios

Merck Tbk PT is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (15.1), the stock would be worth Rp11 891.56 (183% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+339%
Average Upside
198%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 5.3 Rp4 200
0%
3-Year Average 15.1 Rp11 891.56
+183%
5-Year Average 12.5 Rp9 833.29
+134%
Industry Average 23.4 Rp18 435.22
+339%
Country Average 12.6 Rp9 937.51
+137%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
ID
Merck Tbk PT
IDX:MERK
1.9T IDR 5.3 7.7
US
Eli Lilly and Co
NYSE:LLY
908.9B USD 61.3 36
US
Johnson & Johnson
NYSE:JNJ
547.1B USD 21 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 27.5 20.1
UK
AstraZeneca PLC
LSE:AZN
209.6B GBP 36.2 27.4
CH
Novartis AG
SIX:NOVN
221.1B CHF 9.4 20.7
US
Merck & Co Inc
NYSE:MRK
277.6B USD 12.2 31.1
IE
Endo International PLC
LSE:0Y5F
244.4B USD -766.6 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 24.3 12.1
US
Pfizer Inc
NYSE:PFE
149.7B USD 24.3 19.3
US
Bristol-Myers Squibb Co
NYSE:BMY
118.9B USD 37.8 4 516.9
P/E Multiple
Earnings Growth PEG
ID
Merck Tbk PT
IDX:MERK
Average P/E: 471.7
7.7
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
36
32%
1.1
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
27.4
25%
1.1
CH
Novartis AG
SIX:NOVN
20.7
14%
1.5
US
Merck & Co Inc
NYSE:MRK
31.1
14%
2.2
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
12.1
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.3
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
4 516.9
648%
7

Market Distribution

Lower than 82% of companies in Indonesia
Percentile
18th
Based on 630 companies
18th percentile
5.3
Low
0.7 — 8.6
Typical Range
8.6 — 24
High
24 —
Distribution Statistics
Indonesia
Min 0.7
30th Percentile 8.6
Median 12.6
70th Percentile 24
Max 1 806 198.3

Merck Tbk PT
Glance View

Market Cap
1.9T IDR
Industry
Pharmaceuticals

PT Merck Tbk engages in the pharmaceutical and chemical businesses. The company is headquartered in Jakarta Timur, Dki Jakarta and currently employs 384 full-time employees. The firm is also engaged in the business of leasing and property management. The Company’s segments include Cardiovascular, Metabolic, Oncology, Endocrinology, Fertility, Neurodegenerative and General Medicines. The Cardiovascular segment provides a range of products, including Amcor, Concor and Lodoz. The Metabolic segment provides a range of products, including Glucophage, Glucophage XR, Glucovance Euthyrox and Thyrozol. The Oncology provides Erbitux product. The Endocrinology provides Saizen product. The Fertility segments include Gonal-F, Pergoveris, Cetrotide, Crinone and Ovidrel products. The Neurodegenerative provides Rebif product. The General Medicines segment provides Encephabol, KSR, Biocream, Praxilene and Stilamin products.

MERK Intrinsic Value
5 650.36 IDR
Undervaluation 26%
Intrinsic Value
Price Rp4 200
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