Ultrajaya Milk Industry Tbk PT
IDX:ULTJ

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Ultrajaya Milk Industry Tbk PT Logo
Ultrajaya Milk Industry Tbk PT
IDX:ULTJ
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Price: 1 380 IDR Market Closed
Market Cap: 14.3T IDR

Relative Value

The Relative Value of one ULTJ stock under the Base Case scenario is 2 001.22 IDR. Compared to the current market price of 1 380 IDR, Ultrajaya Milk Industry Tbk PT is Undervalued by 31%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ULTJ Relative Value
Base Case
2 001.22 IDR
Undervaluation 31%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
98
vs Industry
27
Median 3Y
2.1
Median 5Y
2.3
Industry
0.9
Forward
1.5
vs History
80
vs Industry
42
Median 3Y
14.7
Median 5Y
14.2
Industry
16
Forward
11.4
vs History
71
vs Industry
29
Median 3Y
14.9
Median 5Y
12.5
Industry
9.6
vs History
36
vs Industry
25
Median 3Y
-11.8
Median 5Y
3.6
Industry
17
vs History
98
vs Industry
30
Median 3Y
2.6
Median 5Y
2.7
Industry
1.4
vs History
98
vs Industry
36
Median 3Y
1.8
Median 5Y
1.9
Industry
1.1
Forward
1.2
vs History
98
vs Industry
48
Median 3Y
5.4
Median 5Y
5.5
Industry
4.6
vs History
66
vs Industry
41
Median 3Y
10.4
Median 5Y
9.6
Industry
9.9
Forward
7
vs History
66
vs Industry
49
Median 3Y
10.4
Median 5Y
9.6
Industry
12.9
Forward
7.9
vs History
76
vs Industry
37
Median 3Y
12.2
Median 5Y
10.9
Industry
10.8
vs History
41
vs Industry
24
Median 3Y
17.6
Median 5Y
15.9
Industry
15
vs History
98
vs Industry
18
Median 3Y
3
Median 5Y
3
Industry
1.1

Multiples Across Competitors

ULTJ Competitors Multiples
Ultrajaya Milk Industry Tbk PT Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
ID
Ultrajaya Milk Industry Tbk PT
IDX:ULTJ
14.3T IDR 1.6 12.6 8.3 8.3
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
226.8B CHF 2.5 20.8 14.1 17.3
US
Mondelez International Inc
NASDAQ:MDLZ
89B USD 2.4 19.3 12.9 15.4
FR
Danone SA
PAR:BN
48.1B EUR 1.8 23.9 11.4 15.1
ZA
Tiger Brands Ltd
JSE:TBS
46.1B Zac 0 0 0 0
US
Kraft Heinz Co
NASDAQ:KHC
33.9B USD 1.3 12.8 8.4 9.9
US
Hershey Co
NYSE:HSY
34.4B USD 3.2 20.9 13.8 16.6
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
27.6B CHF 5 41.1 23.4 31.1
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.7B CNY 8.4 35 28.6 28.6
ZA
Avi Ltd
JSE:AVI
30.8B Zac 0 0 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ID
Ultrajaya Milk Industry Tbk PT
IDX:ULTJ
Average EV/EBITDA: 20 740.4
8.3
18%
0.5
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
14.1
4%
3.5
US
Mondelez International Inc
NASDAQ:MDLZ
12.9
-1%
N/A
FR
Danone SA
PAR:BN
11.4
5%
2.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
23%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
8.4
0%
N/A
US
Hershey Co
NYSE:HSY
13.8
-8%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.4
8%
2.9
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
28.6
17%
1.7
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ID
Ultrajaya Milk Industry Tbk PT
IDX:ULTJ
Average EV/EBIT: 35 380.7
8.3
14%
0.6
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
17.3
2%
8.7
US
Mondelez International Inc
NASDAQ:MDLZ
15.4
-2%
N/A
FR
Danone SA
PAR:BN
15.1
6%
2.5
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
15%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
9.9
-1%
N/A
US
Hershey Co
NYSE:HSY
16.6
-10%
N/A
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
31.1
9%
3.5
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
28.6
13%
2.2
ZA
A
Avi Ltd
JSE:AVI
Not Available
6%
N/A