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: 1 565 IDR 3.3% Market Closed
Market Cap: Rp16.3T

EV/EBIT

8.1
Current
22%
Cheaper
vs 3-y average of 10.3

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.1
=
Enterprise Value
Rp13.2T
/
EBIT
Rp1.6T

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.1
=
Enterprise Value
Rp13.2T
/
EBIT
Rp1.6T

Valuation Scenarios

Ultrajaya Milk Industry Tbk PT is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (10.3), the stock would be worth Rp1 999.97 (28% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-7%
Maximum Upside
+28%
Average Upside
7%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 8.1 Rp1 565
0%
3-Year Average 10.3 Rp1 999.97
+28%
5-Year Average 9.1 Rp1 756.46
+12%
Industry Average 7.6 Rp1 461.21
-7%
Country Average 7.8 Rp1 503.44
-4%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
Rp13.2T
/
Jan 2026
Rp1.6T
=
8.1
Current
Rp13.2T
/
Dec 2026
Rp1.9T
=
7
Forward
Rp13.2T
/
Dec 2027
Rp2.2T
=
6
Forward
Rp13.2T
/
Dec 2028
Rp2.5T
=
5.2
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
ID
Ultrajaya Milk Industry Tbk PT
IDX:ULTJ
16.3T IDR 8.1 12
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 318 284.3 540 752.8
CH
Nestle SA
SIX:NESN
194.3B CHF 17.6 22.9
US
Mondelez International Inc
NASDAQ:MDLZ
71.8B USD 24.5 29.3
FR
Danone SA
PAR:BN
43.6B EUR 13.5 24
ZA
Tiger Brands Ltd
JSE:TBS
49.6B ZAR 11.7 13
US
Hershey Co
NYSE:HSY
38.3B USD 28.1 43.3
CN
Muyuan Foods Co Ltd
SZSE:002714
244.3B CNY 15.3 15.4
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
232.6B CNY 24.8 33
ZA
Avi Ltd
JSE:AVI
33.7B ZAR 8.9 13.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.3B CHF 24.8 32

Market Distribution

In line with most companies in Indonesia
Percentile
51st
Based on 701 companies
51st percentile
8.1
Low
0 — 4.4
Typical Range
4.4 — 13.9
High
13.9 —
Distribution Statistics
Indonesia
Min 0
30th Percentile 4.4
Median 7.8
70th Percentile 13.9
Max 1 547 003.1

Ultrajaya Milk Industry Tbk PT
Glance View

Nestled in the bustling Indonesian city of Bandung, Ultrajaya Milk Industry Tbk PT has carved a niche as a leading player in the dairy and beverage segment. Founded in 1958, the company initially embarked on its journey focusing on milk production, gradually expanding its product portfolio to include a variety of beverages such as tea and fruit juices. The company’s strategic embrace of Ultra High Temperature (UHT) processing established it as a pioneer in the Indonesian dairy market, allowing it to deliver milk with longer shelf life without the need for preservatives. This innovation not only broadened its consumer reach but also catered to Indonesia's expansive archipelago, where logistics and distribution challenges can stifle growth potential. Ultrajaya's path to profitability is tightly intertwined with its robust distribution networks and aggressive marketing strategies. By leveraging state-of-the-art technology in its manufacturing processes, the company continuously ensures the quality and safety of its diverse product lines, garnering consumer trust and loyalty. Additionally, the company’s partnerships with established retailers and its focus on capturing growing demands in both urban and rural areas have solidified its market presence. The astute ability to adapt to consumer preferences and an unwavering commitment to quality have enabled Ultrajaya to flourish in a highly competitive industry, translating consumer trust into steady revenue streams.

ULTJ Intrinsic Value
1 696.05 IDR
Undervaluation 8%
Intrinsic Value
Price Rp1 565
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