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Company FundamentalsCompany Fundamentals\Company Profile
COMPANY PROFILE Figures in Indonesian Rupiahs
A Wright Investors' Service Research Report: PT Tiga Pilar Sejahtera Food Terbuka
440 Wheelers Farms Road Milford, CT 06461 U.S.A.
Wright Quality Rating:DBNN
PT Tiga Pilar Sejahtera Food Tbk is an Indonesia-based food manufacturing company. The Company is engaged in noodles manufacturing and trading, which consist of dry noodle, instant noodle, vermicelli, snack, biscuit and candy industry, palm oil plantations and rice mill distribution. Its product lines include Ayam 2 Telor, Superior Spesial, Hahamie, Bihunku, Manami, Mikita, Mie Kremezz and Gulas.
Stock Price (5/25/2012): 590.00
Stock Chart
Recent stock performance1 Week 3.5%4 Weeks -14.5%13 Weeks 26.9%52 Weeks 0.8%
President Commissioner Priyo Hadi Sutanto
President Stefanus Joko Magoginta
Secretary Yulianni Liyuwardi
Officers
Earnings / Dividends (as of 12/31/2011) Earnings Dividends
Most Recent Qtr 33.77 0.00 Last 12 Months 74.22 0.00
Ratio AnalysisPrice / Earnings Ratio 7.95 Dividend Yield 0.00% Price / Sales Ratio 0.98 Payout Ratio 0.00% Price / Book Ratio 0.97 % Held by Insiders 48.48%
AddressProf Dr Supomo St No 233 JAKARTA 12870
Phone +62 21 831 8775
Key Data
Ticker: AISA
2011 Sales: 1,752,802,000,000
Major Industry: Food & Beverages
Sub Industry: Miscellaneous Food
Country: Indonesia
Currency: Indonesian Rupiahs
Fiscal Year Ends: December
Employees 2,059
Exchanges: JAK
Share Type: Series A
Market Capitalization: 1,726,340,000,000
Total Shares Outstanding: 2,926,000,000
Closely Held Shares: 1,418,457,050
INDONESIA Home Page http://www.tigapilar.com
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Company Fundamentals\Comparative Business Analysis
A Wright Investors' Service Research Report: PT Tiga Pilar Sejahtera Food Terbuka Provided By CorporateInformation.com
440 Wheelers Farms Road Milford, CT 06461 U.S.A.
Wright Comparative Business Analysis Report
Report Date: 5/25/2012
Company Description PT Tiga Pilar Sejahtera Food Tbk is an Indonesia-based food manufacturing company. The Company is engaged in noodles manufacturing and trading, which consist of dry noodle, instant noodle, vermicelli, snack, biscuit and candy industry, palm oil plantations and rice mill distribution. Its product lines include Ayam 2 Telor, Superior Spesial, Hahamie, Bihunku, Manami, Mikita, Mie Kremezz and Gulas.
Competitor Analysis
PT Tiga Pilar Sejahtera Food Terbuka operates in the Macaroni and spaghetti sector. This analysis compares PT Tiga Pilar Sejahtera Food Terbuka with three other companies: Consciencefood Holding Limited (2011 sales of 742.76 billion Indonesian Rupiahs [US$80.22 million] of which 98% was Instant Noodles), PT Delta Djakarta (2011 sales: 564.05 billion Indonesian Rupiahs [US$60.92 million] ), and Marutai Co., Ltd. which is based in Japan (2012 sales of 9.09 billion Japanese Yen [US$114.30 million] ). Note: not all of these companies have the same fiscal year: the most recent data for each company are being used.
Sales Analysis
PT Tiga Pilar Sejahtera Food Terbuka reported sales of 1.75 trillion Indonesian Rupiahs (US$189.30 million) for the year ending December of 2011. This represents an increase of 148.5% versus 2010, when the company's sales were 705.22 billion Indonesian Rupiahs. This was the third consecutive year of growth at PT Tiga Pilar Sejahtera Food Terbuka.
Recent Sales at PT Tiga Pilar Sejahtera Food Terbuka
(Figures in Trillions of Indonesian Rupiahs) During 2011, the company's sales increased at a faster rate than all three comparable companies. While PT Tiga Pilar Sejahtera Food Terbuka enjoyed a sales increase of 148.5%, the other companies saw smaller increases: Consciencefood Holding Limited sales were up 22.3%, PT Delta Djakarta increased 3.0%, and Marutai Co., Ltd. experienced growth of 32.0%. PT Tiga Pilar Sejahtera Food Terbuka currently has 2,059 employees. With sales of 1.75 trillion Indonesian Rupiahs (US$189.30 million) , this equates to sales of US$91,939 per employee.
Sales Comparisons (Most Recent Fiscal Year)
0
0
0
1
1
2
2006 2007 2008 2009 2010 2011
CompanyYear Ended
Sales (US$mlns)
Sales Growth
Sales/ Emp (US$) Largest Region
PT Tiga Pilar Sejahtera Food Terbuka Dec 2011 189.303 148.5% 91,939 N/A
Consciencefood Holding Limited Dec 2011 80.219 22.3% N/A N/A
PT Delta Djakarta Dec 2011 60.918 3.0% 157,004 N/A
Marutai Co., Ltd. Mar 2012 114.300 32.0% 761,997 N/A
Recent Stock Performance
For the 52 weeks ending 5/25/2012, the stock of this company was up 0.8% to 590.00 Indonesian Rupiahs. During the past 13 weeks, the stock has increased 26.9%. During the 12 months ending 12/31/2011, earnings per share totalled 74.22 Indonesian Rupiahs per share. Thus, the Price / Earnings ratio is 7.95. Earnings per share rose 80.4% in 2011 from 2010. This company is currently trading at 0.98 times sales. The three companies vary greatly in terms of price to sales ratio: trading from 0.39 times all the way up to 5.39 times their annual sales. PT Tiga Pilar Sejahtera Food Terbuka is trading at 0.97 times book value. Since the price to book ratio is less than 1, this means that theoretically, the net value of the assets is greater than the value of a company as a going concern.
Summary of company valuations
The market capitalization of this company is 1.73 trillion Indonesian Rupiahs (US$186.44 million) . The capitalization of the floating stock (i.e., that which is not closely held) is 889.45 billion Indonesian Rupiahs (US$96.06 million) .
Dividend Analysis
This company has paid no dividends during the last 12 months. The company has not paid any dividends during the previous 6 fiscal years.
Profitability Analysis On the 1.75 trillion Indonesian Rupiahs in sales reported by the company in 2011, the cost of goods sold totalled 1.28 trillion Indonesian Rupiahs, or 73.0% of sales (i.e., the gross profit was 27.0% of sales). This gross profit margin is lower than the company achieved in 2010, when cost of goods sold totalled 61.3% of sales. PT Tiga Pilar Sejahtera Food Terbuka's 2011 gross profit margin of 27.0% was lower than all three comparable companies (which had gross profits in 2011 between 29.5% and 72.3% of sales). The company's earnings before interest, taxes, depreciation and amorization (EBITDA) were 355.80 billion Indonesian Rupiahs, or 20.3% of sales. This EBITDA margin is worse than the company achieved in 2010, when the EBITDA margin was equal to 30.9% of sales. The three comparable companies had EBITDA margins that were all higher (between 24.1% and 45.4%) than that achieved by PT Tiga Pilar Sejahtera Food Terbuka. In 2011, earnings before extraordinary items at PT Tiga Pilar Sejahtera Food Terbuka were 126.91 billion Indonesian Rupiahs, or 7.2% of sales. This profit margin is lower than the level the company achieved in 2010, when the profit margin was 10.7% of sales. Earnings before extraordinary items have grown for each of the past 5 years (and since 2007, earnings before extraordinary items have grown a total of 705%). The company's return on equity in 2011 was 22.0%. This was an improvement over the 17.6% return the company achieved in 2010. (Extraordinary items have been excluded).
Profitability Comparison
PT Tiga Pilar Sejahtera Food Terbuka reports profits by product line. During 2011, the itemized operating profits at all divisions were 307.85 billion Indonesian Rupiahs, which is equal to 17.6% of total sales. Of all the product lines, Food Manufacturing had the highest operating profits in 2011, with operating profits equal to 22.5% of sales. (This product line is the largest at PT Tiga Pilar Sejahtera Food Terbuka, and accounted for 54% of sales in 2011). Rice Products had the lowest operating profit margin in 2011, with the operating profit equal to only 12.0% of sales.
Company Date P/EPrice/
BookPrice/ Sales
52 Wk Pr Chg
PT Tiga Pilar Sejahtera Food Terbuka 5/25/2012 7.9 0.97 0.98 0.80%
Consciencefood Holding Limited 5/25/2012 4.0 0.93 0.70 -19.81%
PT Delta Djakarta 5/21/2012 19.0 5.49 5.39 50.79%
Marutai Co., Ltd. 5/25/2012 11.2 0.47 0.39 -7.46%
Company Year
Gross Profit Margin
EBITDA Margin
Earns bef. extra
PT Tiga Pilar Sejahtera Food Terbuka 2011 27.0% 20.3% 7.2%
PT Tiga Pilar Sejahtera Food Terbuka 2010 38.7% 30.9% 10.7%
Consciencefood Holding Limited 2011 29.5% 24.1% 17.6%
PT Delta Djakarta 2011 72.3% 39.8% 25.7%
Marutai Co., Ltd. 2012 N/A 45.4% 3.5%
Inventory Analysis As of December 2011, the value of the company's inventory totalled 439.53 billion Indonesian Rupiahs. Since the cost of goods sold was 1.28 trillion Indonesian Rupiahs for the year, the company had 125 days of inventory on hand (another way to look at this is to say that the company turned over its inventory 2.9 times per year). In terms of inventory turnover, this is a significant improvement over December 2010, when the company's inventory was 484.93 billion Indonesian Rupiahs, equivalent to 409 days in inventory.
Financial Position
As of December 2011, the company's long term debt was 827.27 billion Indonesian Rupiahs and total liabilities (i.e., all monies owed) were 1.75 trillion Indonesian Rupiahs. The long term debt to equity ratio of the company is 0.45. This is significantly lower than the long term debt to equity ratio as of in December 2010, when the long term debt to equity ratio stood at 1.02. As of December 2011, the accounts receivable for the company were 474.55 billion Indonesian Rupiahs, which is equivalent to 99 days of sales. This is higher than at the end of 2010, when PT Tiga Pilar Sejahtera Food Terbuka had 84 days of sales in accounts receivable.
Financial Positions
Company YearLT Debt/ Equity
Days AR
Days Inv.
PT Tiga Pilar Sejahtera Food Terbuka 2011 0.45 99 125
Consciencefood Holding Limited 2011 0.00 77 35
PT Delta Djakarta 2011 0.00 145 203
Marutai Co., Ltd. 2012 0.00 79 20
Copyright 2001-2012 The Winthrop Corporation Distributed by Wright Investors' Service, Inc.
All Rights Reserved
Important Legal Notice THIS REPORT IS PROVIDED FOR GENERAL INFORMATION ONLY, IS NOT TO BE CONSIDERED AS INVESTMENT ADVICE AND SHOULD NOT BE RELIED UPON FOR INVESTMENT DECISIONS. NO REPRESENTATION OR WARRANTY IS MADE REGARDING THE ACCURACY, RELIABILITY OR TIMELINESS OF THE CONTENT. THE REPORTS ARE COMPUTER GENERATED AND MAY BE SUBJECT TO PROGRAMMATIC AND/OR CONTENT ERRORS. VISITORS SHOULD VERIFY INFORMATION WITH OTHER RELIABLE SOURCES. THIS REPORT IS PROVIDED AS IS, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. IN NO EVENT WILL THE WINTHROP CORPORATION, WRIGHT INVESTORS' SERVICE, INC. OR ANY OF THEIR DATA PROVIDERS BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES, NO MATTER WHAT THE CAUSE. THE CONTENT OF THIS REPORT IS PROTECTED BY APPLICABLE COPYRIGHT LAWS. CONTENT MAY NOT BE REPRODUCED, DISTRIBUTED, MODIFIED OR FRAMED WITHOUT PRIOR WRITTEN PERMISSION.
Company Fundamentals\Summary Analysis
SUMMARY ANALYSIS: PT Tiga Pilar Sejahtera Food Terbuka Per Share- Indonesian Rupiahs
Year Price Value Ratios Equity Capital Earnings Dividends
Fiscal Yr Ends:
December
Market Price Last
Price/ Earnings
Ratio
Price/ Book Ratio
Dividend Yield
% Earned Growth
% Profit Rate (ROE)
Book Value Begin
Yr
12 Month Earnings
Per Share
% Change
% Payout Ratio
12 Month Dividends
Per Share
2003 194.59 n/c n/c 0.0% n/c n/c -73.99 BDE -15.30 n/c n/c 0.00
2004 181.61 2,333.2 2.3 0.0% 0.1% 0.1% 80.64 DE 0.08 n/c 0.0% 0.00
2005 185.94 n/c 2.4 0.0% n/c 0.0% 78.64 n/a n/c n/c 0.00
2006 151.34 1,458.3 1.9 0.0% 0.1% 0.1% 78.67 D 0.10 n/c 0.0% 0.00
2007 648.62 49.7 8.2 0.0% 16.6% 16.6% 78.77 D 13.04 12,466.6% 0.0% 0.00
2008 388.57 21.4 4.2 0.0% 19.8% 19.8% 91.82 D 18.19 39.5% 0.0% A 0.00
2009 329.14 13.7 1.5 0.0% 11.2% 11.2% 213.62 D 23.96 31.7% 0.0% 0.00
2010 713.14 17.3 3.0 0.0% 17.6% 17.6% 234.28 D 41.14 71.7% 0.0% 0.00
2011 495.00 6.7 1.6 0.0% 23.6% 23.6% 314.84 74.22 80.4% 0.0% A 0.00
5/25/2012 590.00 7.9 1.0 0.0% n/a n/a 606.45 74.22 n/c 0.0% 0.00
(A): ALL ITEMS ADJUSTED FOR STOCK SPLITS OR DIVIDENDS - 7:4 RIGHT ISSUE (09.375% DIV) ON 12/02/2011, 8:5 RIGHTS ISSUE (05.72%DIV) ON 05/08/2008
(B): INCLUDES OR EXCLUDES EXTRAORDINARY CHARGE OR CREDIT
(C): NAME CHANGED FROM PT ASIA INTI SELERA TBK IN FEB 2004
(D): BASED ON AVERAGE SHARES OUTSTANDING, FULLY DILUTED EARNINGS FOR THE 12 MOS ENDED DEC 2007 WERE 13, (U ): BASED ON AVERAGE SHARES OUTSTANDING
(E): , INCLS GAIN/(LOSS) FROM DISCONTINUED OPERATIONS EQUAL TO (0.90) IN 2003
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Company Fundamentals\Sales Analysis
SALES ANALYSIS: PT Tiga Pilar Sejahtera Food Terbuka Figures in millions of Indonesian Rupiahs
Year
SalesCost of
Goods Sold
Earnings before Interest, Taxes,
Depreciation, and
Amortization (EBITDA)
After Tax Income before
Extraordinary Charges and
Credits Employees
Amount in
millions
Year-to-year
Growth
Amount in
millions% of Sales
Amount in
millions% of
Sales
Amount in
millions% of
Sales Number
Sales Per
Employee
After Tax Income
Per Employee
2002 35,764 -37.8% 35,087 98.1% 27,142 75.9% 10,805 30.2% n/a n/a n/a
2003 167,420 368.1% 112,432 67.2% 34,109 20.4% -8,461 -5.1% n/a n/a n/a
2004 228,437 36.4% 163,839 71.7% 39,502 17.3% 90 0.0% n/a n/a n/a
2005 229,973 0.7% 171,202 74.4% 46,892 20.4% 35 0.0% n/a n/a n/a
2006 333,455 45.0% 271,391 81.4% 56,278 16.9% 130 0.0% 1,567 212,798,341 82,961
2007 499,870 49.9% 392,216 78.5% 72,688 14.5% 15,760 3.2% 1,938 257,931,104 8,131,953
2008 489,172 -2.1% 299,277 61.2% 143,787 29.4% 28,686 5.9% 2,063 237,116,820 13,904,993
2009 533,194 9.0% 331,776 62.2% 163,202 30.6% 37,787 7.1% 1,925 276,983,896 19,629,610
2010 705,220 32.3% 432,449 61.3% 272,988 38.7% 75,234 10.7% 1,816 388,337,004 41,428,414
2011 1,752,802 148.5% 1,279,624 73.0% 362,167 20.7% 126,906 7.2% 2,059 851,288,004 61,634,774
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Company Fundamentals\Price Analysis
PRICE ANALYSIS: PT Tiga Pilar Sejahtera Food Terbuka Per Share- Indonesian Rupiahs
QuarterHigh Price
Low Price
Closing Price
Quarterly %Change
12 months
%Change
2003 Jan - Mar 319.986 198.910 298.365 n/a n/a
Apr - Jun 302.689 172.965 177.289 -40.6% n/a
Jul - Sep 220.531 129.724 164.317 -7.3% n/a
Oct - Dec 194.586 90.807 194.586 18.4% n/a
2004 Jan - Mar 203.234 138.372 172.965 -11.1% -42.0%
Apr - Jun 198.910 151.345 198.910 15.0% 12.2%
Jul - Sep 172.965 90.807 112.427 -43.5% -31.6%
Oct - Dec 181.614 77.834 181.614 61.5% -6.7%
2005 Jan - Mar 181.614 138.372 181.614 0.0% 5.0%
Apr - Jun 185.938 138.372 185.938 2.4% -6.5%
Jul - Sep 181.614 112.427 159.993 -14.0% 42.3%
Oct - Dec 185.938 112.427 185.938 16.2% 2.4%
2006 Jan - Mar 164.317 134.048 147.020 -20.9% -19.0%
Apr - Jun 159.993 99.455 155.669 5.9% -16.3%
Jul - Sep 0.000 0.000 138.372 -11.1% -13.5%
Oct - Dec 155.669 99.455 151.345 9.4% -18.6%
2007 Jan - Mar 154.804 112.427 102.050 -32.6% -30.6%
Apr - Jun 164.317 142.696 104.644 2.5% -32.8%
Jul - Sep 484.303 103.779 475.654 354.5% 243.8%
Oct - Dec 648.620 467.006 648.620 36.4% 328.6%
2008 Jan - Mar 700.509 536.192 588.082 -9.3% 476.3%
Apr - Jun 622.675 429.714 448.000 -23.8% 328.1%
Jul - Sep 521.143 406.857 457.143 2.0% -3.9%
Oct - Dec 448.000 329.143 388.571 -15.0% -40.1%
2009 Jan - Mar 388.571 320.000 342.857 -11.8% -41.7%
Apr - Jun 406.857 333.714 388.571 13.3% -13.3%
Jul - Sep 420.571 365.714 374.857 -3.5% -18.0%
Oct - Dec 374.857 269.714 329.143 -12.2% -15.3%
2010 Jan - Mar 324.571 274.286 315.429 -4.2% -8.0%
Apr - Jun 521.143 297.143 475.429 50.7% 22.4%
Jul - Sep 612.571 411.429 585.143 23.1% 56.1%
Oct - Dec 786.286 512.000 713.143 21.9% 116.7%
2011 Jan - Mar 749.714 576.000 731.429 2.6% 131.9%
Apr - Jun 758.857 566.857 603.429 -17.5% 26.9%
Jul - Sep 740.571 548.571 612.571 1.5% 4.7%
Oct - Dec 658.286 440.000 495.000 -19.2% -30.6%
2012 Jan - Mar 540.000 440.000 510.000 3.0% -30.3%
5/25/2012 590.000 26.9% 0.8%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Company Fundamentals\Earnings & Dividends Analysis
EARNINGS AND DIVIDENDS ANALYSIS: PT Tiga Pilar Sejahtera Food Terbuka Per Share- Indonesian Rupiahs Fiscal Year Ends in December
(A): ALL ITEMS ADJUSTED FOR STOCK SPLITS OR DIVIDENDS - 7:4 RIGHT ISSUE (09.375% DIV) ON 12/02/2011, 8:5 RIGHTS ISSUE (05.72%DIV) ON 05/08/2008
(B): INCLUDES OR EXCLUDES EXTRAORDINARY CHARGE OR CREDIT
(C): NAME CHANGED FROM PT ASIA INTI SELERA TBK IN FEB 2004
(D): BASED ON AVERAGE SHARES OUTSTANDING, FULLY DILUTED EARNINGS FOR THE 12 MOS ENDED DEC 2007 WERE 13, (U ): BASED ON AVERAGE SHARES OUTSTANDING
(E): , INCLS GAIN/(LOSS) FROM DISCONTINUED OPERATIONS EQUAL TO (0.90) IN 2003
Fiscal Years
Earnings Per Share Dividends Per Share
12 Months Quarterly Reported Earnings 12 Months Quarterly Reported Dividends
Earnings%
ChangeQ1
Mar.Q2
Jun.Q3
Sep.Q4
Dec. Dividends%
ChangeQ1
Mar.Q2
Jun.Q3
Sep.Q4
Dec.%
Payout
2001 -324.39 n/c -201.31
-39.11 121.70 -
205.66 0.00 n/c n/a n/a n/a 0.00 0.0%
2002 C
BD 46.16 n/c -11.13 7.89 -55.57 104.97 0.00 n/c n/a n/a n/a 0.00 0.0%
2003 BDE -15.30 n/c -
11.27 -4.78 4.81 -4.06 0.00 n/c n/a n/a n/a 0.00 0.0%
2004 DE 0.08 n/c -0.43 0.66 1.89 -2.03 0.00 n/c n/a n/a n/a 0.00 0.0%
2005 n/a n/c n/a 0.03 n/a -0.20 0.00 n/c n/a n/a n/a 0.00 0.0%
2006 D 0.10 n/c 1.57 0.12 -1.06 -0.52 0.00 n/c n/a n/a n/a 0.00 0.0%
2007 D 13.04 12,466.6% 0.31 5.92 4.09 2.72 0.00 n/c n/a n/a n/a 0.00 0.0%
2008 D 18.19 39.5% 4.06 10.81 1.78 1.55 A 0.00 n/c n/a n/a n/a 0.00 0.0%
2009 D 23.96 31.7% 3.07 9.45 2.20 9.23 0.00 n/c n/a n/a n/a 0.00 0.0%
2010 D 41.14 71.7% 3.16 12.53 -0.94 26.39 0.00 n/c n/a n/a n/a 0.00 0.0%
2011 74.22 80.4% 13.54 12.84 14.07 33.77 A 0.00 n/c n/a n/a n/a 0.00 0.0%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Statement AnalysesFinancial Statement Analyses\Balance Sheet - Common Size
Balance Sheet - (Common Size): PT Tiga Pilar Sejahtera Food Terbuka Figures are expressed as Percent of Total Assets. Total Assets are in millions of Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Assets
Total Assets 3,586,037.0 1,930,368.0 1,346,768.0 1,016,436.0 514,233.3
Cash & Short Term Investments
22.4% 0.8% 1.5% 2.7% 5.0%
Cash 16.9% 0.8% 1.4% 1.3% 0.4%
Short Term Investments 5.6% 0.0% 0.1% 1.4% 4.6%
Receivables (Net) 13.2% 8.4% 10.8% 8.3% 15.8%
Inventories -Total 12.3% 25.1% 19.8% 20.1% 21.3%
Raw Materials 6.6% 16.6% 10.1% 8.5% 14.2%
Work in Process
Finished Goods 0.5% 1.5% 2.5% 2.6% 1.4%
Progress Payments & Other
5.2% 7.0% 7.3% 9.0% 5.6%
Prepaid Expenses 0.2% 0.1% 0.1% 0.3% 0.5%
Other Current Assets 0.0% 0.0% 0.0% 0.4% 1.6%
Current Assets - Total 48.1% 34.5% 32.3% 31.8% 44.1%
Long Term Receivables 1.2% 2.2% 0.5%
Investment in Associated Companies
0.0% 0.0% 0.0% 0.0% 0.0%
Other Investments 0.0% 0.0% 0.0% 0.0% 0.0%
Property Plant and Equipment - Gross
48.6% 65.3% 67.8% 84.0% 73.6%
Accumulated Depreciation
10.6% 16.4% 16.6% 16.6% 20.0%
Property Plant and Equipment – Net
38.0% 48.9% 51.3% 67.3% 53.6%
Other Assets 12.7% 14.4% 16.5% 0.9% 1.8%
Deferred Charges 4.3% 7.4% 0.0% 0.0% 0.0%
Tangible Other Assets 0.4% 2.9% 15.3% 0.9% 1.8%
Intangible Other Assets 7.9% 4.0% 1.1% 0.0% 0.0%
Total Assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities & Shareholders' Equity
Total Liabilities & Shareholders' Equity
3,586,037.0 1,930,368.0 1,346,768.0 1,016,436.0 514,233.3
Accounts Payable 0.8% 2.3% 1.7% 1.9% 15.9%
Short Term Debt & Current Portion of Long Term Debt
21.6% 22.0% 20.9% 30.2% 39.2%
Accrued Payroll 0.2% 0.1% 0.1% 0.1% 0.1%
Income Taxes Payable 1.3% 1.0% 0.9% 1.3% 0.8%
Dividends Payable
Other Current Liabilities 1.4% 1.5% 3.9% 2.3% 2.6%
Current Liabilities - Total 25.4% 26.8% 27.5% 35.9% 58.7%
Long Term Debt 23.1% 31.2% 39.9% 25.0% 19.0%
Long Term Debt Excluding Capitalized Leases
23.0% 29.9% 36.9% 21.4% 18.8%
Capitalized Lease Obligations
0.1% 1.3% 3.1% 3.6% 0.3%
Provision for Risks and Charges
0.5% 0.6% 0.6% 0.6% 0.9%
Deferred Income 0.0% 0.0% 0.0% 0.0% 0.0%
Deferred Taxes -0.1% -0.2% 0.1% -0.0% -0.3%
Deferred Taxes - Credit 0.0% 0.2% 0.1% 0.0%
Deferred Taxes - Debit 0.1% 0.3% 0.0% 0.1% 0.3%
Deferred Tax Liability in Untaxed Reserves
Other Liabilities 0.0% 11.0% 0.1% 0.1% 0.0%
Total Liabilities 48.9% 69.4% 68.2% 61.5% 78.4%
Non-Equity Reserves 0.0% 0.0% 0.0% 0.0% 0.0%
Minority Interest 1.6% 0.7% 0.0% 0.0% 0.0%
Preferred Stock 0.0% 0.0% 0.0% 0.0% 0.0%
Preferred Stock Issued for ESOP
ESOP Guarantees - Preferred Issued
Common Equity 49.5% 29.8% 31.8% 38.4% 21.6%
Total Liabilities & Shareholders' Equity
100.0% 100.0% 100.0% 100.0% 100.0%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Statement Analyses\Balance Sheet - Year-Year % Change
Balance Sheet - (Year to Year Percent Change): PT Tiga Pilar Sejahtera Food Terbuka Figures are the Percent Changes from the Prior Year.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Assets
Total Assets 85.8% 43.3% 32.5% 97.7% 41.7%
Cash & Short Term Investments
5,116.0% -24.7% -24.7% 6.0% -27.0%
Cash 3,838.0% -17.7% 38.8% 636.2% 21.9%
Short Term Investments 273,920.5% -96.0% -86.6% -42.2% -29.2%
Receivables (Net) 191.1% 12.4% 73.0% 3.2% 33.6%
Inventories -Total -9.4% 81.5% 30.9% 86.6% 46.7%
Raw Materials -26.1% 136.5% 56.4% 18.6% 60.4%
Work in Process
Finished Goods -39.5% -13.7% 27.9% 258.4% 10.9%
Progress Payments & Other
36.7% 37.7% 7.6% 215.0% 29.2%
Prepaid Expenses 197.9% 41.9% -41.6% 33.2% 7,352.4%
Other Current Assets -100.0% -46.7%
Current Assets - Total 159.2% 53.2% 34.7% 42.2% 33.0%
Long Term Receivables 1.8% -57.1%
Investment in Associated Companies
-100.0% 19.4% -1.0%
Other Investments 6.9% 3.6%
Property Plant and Equipment - Gross
38.2% 38.1% 7.0% 125.6% 46.3%
Accumulated Depreciation
20.2% 42.3% 32.0% 64.6% 26.2%
Property Plant and Equipment – Net
44.2% 36.7% 0.9% 148.3% 55.5%
Other Assets 63.9% 25.0% 2,304.9% 0.0% -0.0%
Deferred Charges 6.8%
Tangible Other Assets -72.4% -72.8% 2,141.1% 0.0% -0.0%
Intangible Other Assets 269.7% 410.6%
Total Assets 85.8% 43.3% 32.5% 97.7% 41.7%
Liabilities & Shareholders' Equity
Total Liabilities & Shareholders' Equity
85.8% 43.3% 32.5% 97.7% 41.7%
Accounts Payable -32.5% 93.4% 22.0% -76.9% 141.9%
Short Term Debt & Current Portion of Long Term Debt
82.6% 50.7% -8.4% 52.3% 70.1%
Accrued Payroll 226.4% 28.8% 85.6% 63.4% 47.2%
Income Taxes Payable 151.6% 62.5% -15.4% 215.8% 779.4%
Dividends Payable
Other Current Liabilities 82.2% -46.3% 121.4% 77.7% 194.1%
Current Liabilities - Total 75.9% 39.8% 1.7% 20.8% 91.2%
Long Term Debt 37.5% 11.9% 111.8% 159.2% -8.1%
Long Term Debt Excluding Capitalized Leases
43.0% 16.2% 128.1% 125.5% -9.2%
Capitalized Lease Obligations
-90.8% -40.3% 13.8% 2,509.9% 710.3%
Provision for Risks and Charges
40.9% 46.9% 30.8% 27.6% 13.2%
Deferred Income
Deferred Taxes -364.5%
Deferred Taxes - Credit -92.0% 154.0% 757.3%
Deferred Taxes - Debit -35.1% 2,355.6% -48.7% -62.1% 19.6%
Deferred Tax Liability in Untaxed Reserves
Other Liabilities -99.2% 31,156.9% -47.6% 1,639.5% -0.3%
Total Liabilities 30.8% 46.0% 46.8% 55.1% 50.7%
Non-Equity Reserves
Minority Interest 307.9% 3,273.8% 9.0% 225.2% 7.8%
Preferred Stock
Preferred Stock Issued for ESOP
ESOP Guarantees - Preferred Issued
Common Equity 208.2% 34.4% 9.7% 252.1% 16.6%
Total Liabilities & Shareholders' Equity
85.8% 43.3% 32.5% 97.7% 41.7%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Statement Analyses\Balance Sheet - Five-Year Averages
Balance Sheet - (5 Year Averages): PT Tiga Pilar Sejahtera Food Terbuka Figures in millions of Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Assets
Total Assets 1,678,768.5 1,034,117.7 719,375.1 524,331.1 388,845.3
Cash & Short Term Investments
178,696.4 24,798.8 26,990.6 33,839.8 37,004.8
Cash 130,781.5 10,153.5 7,471.9 3,883.7 1,804.9
Short Term Investments 47,914.9 14,645.3 19,518.7 29,956.1 35,199.9
Receivables (Net) 189,555.7 106,808.5 85,578.5 63,859.7 52,715.3
Inventories -Total 301,050.8 228,068.8 141,301.8 96,620.2 61,148.4
Raw Materials 170,639.9 132,361.9 72,970.9 49,859.7 34,454.3
Work in Process
Finished Goods 22,524.3 20,357.3 16,202.1 10,953.3 6,911.1
Progress Payments & Other
107,886.6 75,349.6 52,128.8 35,410.0 19,147.6
Prepaid Expenses 3,576.0 2,015.6 1,745.0 1,518.4
Other Current Assets 2,518.9 2,518.9 3,802.9 3,922.7 3,400.9
Current Assets - Total 675,397.8 364,210.6 259,418.8 199,760.8 155,152.4
Long Term Receivables 7,336.3
Investment in Associated Companies
9.6 14.0 18.0 22.0 20.4
Other Investments 17.6 11.4 5.6 0.0 0.0
Property Plant and Equipment - Gross
1,029,906.1 733,067.7 532,348.9 400,940.5 277,726.5
Accumulated Depreciation
238,728.2 178,721.6 127,252.0 90,411.6 61,120.4
Property Plant and Equipment – Net
791,177.9 554,346.1 405,096.9 310,528.9 216,606.1
Other Assets 194,222.4 105,264.8 51,705.0 9,216.4 9,730.0
Deferred Charges 59,435.2 28,739.4 0.0 0.0 0.0
Tangible Other Assets 59,340.2 58,084.6 48,684.8 9,216.4 9,730.0
Intangible Other Assets 75,447.0 18,440.8 3,020.2 0.0 0.0
Total Assets 1,678,768.5 1,034,117.7 719,375.1 524,331.1 388,845.3
Liabilities & Shareholders' Equity
Total Liabilities & Shareholders' Equity
1,678,768.5 1,034,117.5 719,374.9 524,330.9 388,845.1
Accounts Payable 39,699.0 40,438.0 38,322.6 41,579.4 42,394.6
Short Term Debt & Current Portion of Long Term Debt
397,619.2 266,477.4 208,812.4 169,906.8 118,999.6
Accrued Payroll 2,950.8 1,355.2
Income Taxes Payable 19,196.3 9,804.9 6,086.5 3,866.1 1,160.9
Dividends Payable
Other Current Liabilities 33,969.0 24,559.6 19,674.8 10,714.6 7,208.2
Current Liabilities - Total 493,434.2 342,635.0 273,735.0 226,504.8 169,985.2
Long Term Debt 463,588.9 319,439.4 216,125.4 136,524.6 117,428.0
Long Term Debt Excluding Capitalized Leases
442,489.2 298,758.8 200,276.0 128,903.0 117,039.0
Capitalized Lease Obligations
21,099.7 20,680.5 15,849.3 7,621.5 388.9
Provision for Risks and Charges
9,362.4 6,918.0 5,364.0 4,424.8 3,236.2
Deferred Income 0.0 0.0 0.0 0.0 0.0
Deferred Taxes -1,518.8 -951.2 -575.4 -981.0 -790.6
Deferred Taxes - Credit
Deferred Taxes - Debit 2,603.8 1,979.4 889.4
Deferred Tax Liability in Untaxed Reserves
Other Liabilities 43,129.7 42,808.6 439.0 318.2 144.6
Total Liabilities 1,007,996.4 710,849.8 495,088.0 366,791.4 290,003.4
Non-Equity Reserves 0.0 0.0 0.0 0.0 0.0
Minority Interest 14,718.5 3,069.7 230.5 167.3 111.7
Preferred Stock 0.0 0.0 0.0 0.0 0.0
Preferred Stock Issued for ESOP
ESOP Guarantees - Preferred Issued
Common Equity 656,053.6 320,198.2 224,056.6 157,372.4 98,730.2
Total Liabilities & Shareholders' Equity
1,678,768.5 1,034,117.5 719,374.9 524,330.9 388,845.1
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Statement Analyses\Income Statement - Common Size
Income Statement - (Common Size): PT Tiga Pilar Sejahtera Food Terbuka Figures are expressed as Percent of Net Sales or Revenues. Net Sales or Revenues are in millions of Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Net Sales or Revenues 1,752,802.0 705,220.0 533,194.0 489,172.0 499,870.5
Cost of Goods Sold 73.0% 61.3% 62.2% 61.2% 78.5%
Depreciation, Depletion & Amortization
3.4% 13.0% 9.5% 8.0% 4.3%
Gross Income 23.6% 25.7% 28.2% 30.8% 17.3%
Selling, General & Administrative Expenses
5.9% 7.6% 8.3% 7.7% 6.0%
Other Operating Expenses 0.8% 0.2% 0.2% 0.1% 0.0%
Operating Expenses - Total 83.1% 82.1% 80.2% 76.9% 88.8%
Operating Income 16.9% 17.9% 19.8% 23.1% 11.2%
Extraordinary Credit - Pretax 0.0% 0.0% 0.0% 0.0% 0.0%
Extraordinary Charge - Pretax 0.0% 0.0% 0.0% 0.0% 0.0%
Non-Operating Interest Income 0.1% 0.0% 0.1% 0.1% 0.3%
Reserves - Increase/Decrease 0.0% 0.0% 0.0% 0.0% 0.0%
Pretax Equity in Earnings 0.0% 0.0% 0.0% 0.0% 0.0%
Other Income/Expense - Net 0.2% 7.8% 1.2% -1.8% -1.2%
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)
20.7% 38.7% 30.6% 29.4% 14.5%
Earnings before Interest & Taxes(EBIT)
17.3% 25.7% 21.1% 21.4% 10.3%
Interest Expense on Debt 7.3% 12.4% 11.2% 10.6% 6.5%
Interest Capitalized 0.5% 0.0% 0.0% 0.0% 0.0%
Pretax Income 10.6% 13.4% 9.8% 10.8% 3.8%
Income Taxes 2.0% 2.1% 2.7% 3.2% 0.6%
Minority Interest 1.3% 0.6% 0.0% 0.0% 0.0%
Equity in Earnings 0.0% 0.0% 0.0% 0.0% 0.0%
After Tax Other Income/Expense 0.0% 0.0% 0.0% -1.8% 0.0%
Discontinued Operations 0.0% 0.0% 0.0%
Net Income before Extraordinary Items/Preferred Dividends
7.2% 10.7% 7.1% 5.9% 3.2%
Extraordinary Items & Gain/Loss Sale of Assets
0.0% 0.0% 0.0% 0.0% 0.0%
Preferred Dividend Requirements 0.0% 0.0% 0.0% 0.0% 0.0%
Net Income after Preferred Dividends - available to Common
7.2% 10.7% 7.1% 5.9% 3.2%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Statement Analyses\Income Statement - Year-Year % Change
Income Statement - (Year to Year Percent Change): PT Tiga Pilar Sejahtera Food Terbuka Figures are the Percent Changes from the Prior Year.
Fiscal Year 2011 2010 2009 2008 2007
Net Sales or Revenues 148.5% 32.3% 9.0% -2.1% 49.9%
Cost of Goods Sold 195.9% 30.3% 10.9% -23.7% 44.5%
Depreciation, Depletion & Amortization -35.5% 80.2% 30.3% 82.7% 0.3%
Gross Income 128.6% 20.3% -0.2% 74.8% 111.6%
Selling, General & Administrative Expenses
93.3% 21.1% 17.0% 24.7% 157.4%
Other Operating Expenses 878.3% 33.4% 298.9% 18.1% -86.9%
Operating Expenses - Total 151.6% 35.3% 13.7% -15.3% 45.0%
Operating Income 134.8% 19.8% -6.6% 102.1% 104.8%
Extraordinary Credit - Pretax
Extraordinary Charge - Pretax
Non-Operating Interest Income 654.9% -1.5% -50.1% -46.4% -37.2%
Reserves - Increase/Decrease
Pretax Equity in Earnings
Other Income/Expense - Net -93.0% 733.6% -203.3%
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)
32.7% 67.3% 13.5% 97.8% 29.2%
Earnings before Interest & Taxes(EBIT) 67.1% 61.4% 7.2% 104.1% 46.7%
Interest Expense on Debt 46.0% 45.5% 15.7% 59.5% -3.9%
Interest Capitalized
Pretax Income 96.6% 79.6% -1.0% 180.8% 1,478.5%
Income Taxes 138.9% 0.8% -5.6% 400.5% 191.1%
Minority Interest 447.5% 11,591.7% 20.0% 264.2% 311.9%
Equity in Earnings
After Tax Other Income/Expense
Discontinued Operations
Net Income before Extraordinary Items/Preferred Dividends
68.7% 99.1% 31.7% 82.0% 12,022.9%
Extraordinary Items & Gain/Loss Sale of Assets
Preferred Dividend Requirements
Net Income after Preferred Dividends - available to Common
68.7% 99.1% 31.7% 82.0% 12,022.9%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Statement Analyses\Income Statement - Five-Year Averages
Income Statement - (5 Year Averages): PT Tiga Pilar Sejahtera Food Terbuka Figures in millions of Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Net Sales or Revenues 796,051.7 512,182.3 417,132.9 356,181.5 291,831.1
Cost of Goods Sold 547,068.4 345,421.8 293,172.4 259,585.0 222,216.0
Depreciation, Depletion & Amortization
52,375.5 44,814.5 30,729.5 23,832.7 18,355.3
Gross Income 196,607.8 121,946.1 93,231.1 72,763.9 51,259.9
Selling, General & Administrative Expenses
53,643.1 35,373.1 26,424.1 21,834.1 18,554.5
Other Operating Expenses 3,476.2 968.4 782.6 630.6 1,003.2
Operating Expenses - Total 656,563.2 426,577.8 351,108.6 305,882.4 260,129.0
Operating Income 139,488.5 85,604.5 66,024.3 50,299.1 31,702.1
Extraordinary Credit - Pretax 0.0 0.0 0.0 0.0 0.0
Extraordinary Charge - Pretax 0.0 0.0 0.0 0.0 0.0
Non-Operating Interest Income 1,043.1 940.1 1,210.3 1,236.5
Reserves - Increase/Decrease 0.0 0.0 0.0 0.0 0.0
Pretax Equity in Earnings 0.0 0.0 0.0 0.0 0.0
Other Income/Expense - Net 10,059.2 10,429.4 -1,394.8 -3,539.0 -1,262.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)
202,966.4 141,788.6 96,569.4 71,829.4 49,893.8
Earnings before Interest & Taxes(EBIT)
150,590.9 96,974.1 65,839.9 47,996.7 31,538.5
Interest Expense on Debt 71,751.7 53,041.5 40,587.7 32,634.3 28,131.9
Interest Capitalized 1,890.2
Pretax Income 80,729.4 43,932.6 25,252.2 15,362.4 3,406.6
Income Taxes 16,635.2 9,802.2 6,823.0 3,910.6 1,034.0
Minority Interest 5,465.6 857.0 15.4
Equity in Earnings 0.0 0.0 0.0 0.0 0.0
After Tax Other Income/Expense -1,754.0 -1,754.0 -1,754.0 -1,754.0 0.0
Discontinued Operations
Net Income before Extraordinary Items/Preferred Dividends
56,874.5 31,519.3 16,479.5 8,940.1 1,510.7
Extraordinary Items & Gain/Loss Sale of Assets
0.0 0.0 0.0 0.0 0.0
Preferred Dividend Requirements 0.0 0.0 0.0 0.0 0.0
Net Income after Preferred Dividends - available to Common
56,874.5 31,519.3 16,479.5 8,940.1 1,510.7
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Financial Statement Analyses\Sources of Capital - Net Change
Sources of Capital: PT Tiga Pilar Sejahtera Food Terbuka Currency figures are in millions of Indonesian Rupiahs. Year to year % changes pertain to reported Balance Sheet values.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Total Capital 2,660,090.0 1,191,512.0 966,362.0 644,860.0 208,980.8
Percent of Total Capital
Short Term Debt 29.1% 35.6% 29.1% 47.6% 96.5%
Long Term Debt 31.1% 50.5% 55.6% 39.4% 46.9%
Other Liabilities 0.1% 17.8% 0.1% 0.2% 0.0%
Total Liabilities 65.9% 112.5% 95.0% 97.0% 192.9%
Minority Interest 2.2% 1.2% 0.0% 0.1% 0.1%
Preferred Stock 0.0% 0.0% 0.0% 0.0% 0.0%
Retained Earnings 18.4% -1.5% -9.7% -20.4% -76.5%
Common Equity 66.7% 48.3% 44.3% 60.6% 53.1%
Total Capital 100.0% 100.0% 100.0% 100.0% 100.0%
Year to Year Net Changes
Short Term Debt 35,031.1 14,266.0 -2,579.3 10,546.1 8,307.0
Long Term Debt 22,582.9 6,394.8 28,368.1 15,589.9 -860.9
Other Liabilities -21,024.2 21,124.4 -61.6 122.0 -0.0
Total Liabilities 41,292.0 42,239.8 29,251.1 22,222.2 13,568.2
Minority Interest 4,405.0 1,388.1 3.5 26.9 0.9
Preferred Stock 0.0 0.0 0.0 0.0 0.0
Retained Earnings 50,839.9 7,535.5 3,778.6 2,868.7 1,576.0
Common Equity 119,869.9 14,732.1 3,778.6 27,971.1 1,576.0
Total Capital 146,857.8 22,515.0 32,150.2 43,587.9 716.0
Year to Year Percent Changes
Short Term Debt 82.6% 50.7% -8.4% 52.3% 70.1%
Long Term Debt 37.5% 11.9% 111.8% 159.2% -8.1%
Other Liabilities -99.2% 31,156.9% -47.6% 1,639.5% -0.3%
Total Liabilities 30.8% 46.0% 46.8% 55.1% 50.7%
Minority Interest 307.9% 3,273.8% 9.0% 225.2% 7.8%
Preferred Stock
Retained Earnings
Common Equity 208.2% 34.4% 9.7% 252.1% 16.6%
Total Capital 123.3% 23.3% 49.9% 208.6% 3.5%
Total Liabilities & Common Equity
Total Liabilities 1,753,220.0 1,340,300.0 917,902.0 625,391.0 403,168.8
Net Change in Liabilities as % of Total Liabilities
23.6% 31.5% 31.9% 35.5% 33.7%
Common Equity 1,774,462.0 575,763.0 428,442.0 390,656.0 110,944.8
Net Change in Common Equity as % of Common Equity
67.6% 25.6% 8.8% 71.6% 14.2%
Cash Flow
Operating Activities -25,726.0 -67,990.0 15,741.0 33,594.0 44,649.1
Financing Activities 1,453,145.0 181,634.0 237,572.0 611,553.0 75,851.8
Investing Activities 803,573.0 124,075.0 252,978.0 640,320.0 119,728.8Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio AnalysesFinancial Ratio Analyses\Accounting Ratios
Accounting Ratios: PT Tiga Pilar Sejahtera Food Terbuka
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Receivables Turnover 3.7 4.3 3.7 5.8 6.2
Receivables - Number of Days
66.4 79.7 78.4 61.6 51.9
Inventory Turnover 2.8 1.1 1.4 1.9 4.3
Inventory - Number of Days 131.8 317.4 259.3 191.2 85.6
Gross Property, Plant & Equipment Turnover
1.0 0.6 0.6 0.6 1.3
Net Property, Plant & Equipment Turnover
1.3 0.7 0.8 0.7 1.8
Depreciation, Depletion & Amortization % of Gross Property, Plant & Equipment
3.4% 7.3% 5.6% 4.6% 5.6%
Depreciation, Depletion & Amortization Year to Year Change
-3,250.7 4,076.3 1,182.0 1,765.6 7.3
Depreciation, Depletion & Amortization Year to Year % Change
-35.5% 80.2% 30.3% 82.7% 0.3%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio Analyses\Asset Utilization
Asset Utilization: PT Tiga Pilar Sejahtera Food Terbuka Figures are expressed as the ratio of Net Sales. Net Sales are in millions of Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Net Sales 1,752,802.0 705,220.0 533,194.0 489,172.0 499,870.5
Cash & Cash Equivalents 45.9% 2.2% 3.8% 5.6% 5.1%
Short-Term Investments 11.4% 0.0% 0.3% 2.8% 4.8%
Accounts Receivable 27.1% 23.1% 27.2% 17.1% 16.3%
Inventories 25.1% 68.8% 50.1% 41.7% 21.9%
Other Current Assets 0.0% 0.0% 0.0% 0.9% 1.6%
Total Current Assets 98.5% 94.4% 81.5% 66.0% 45.4%
Total Long Term Receivables & Investments
2.5% 6.1% 0.0% 0.0% 0.5%
Long Term Receivables 2.5% 6.1% 0.5%
Investments in Associated Companies
0.0% 0.0% 0.0% 0.0% 0.0%
Other Investments 0.0% 0.0% 0.0% 0.0% 0.0%
Property, Plant & Equipment - Gross
99.4% 178.9% 171.3% 174.5% 75.7%
Accumulated Depreciation 21.8% 45.0% 41.8% 34.6% 20.5%
Property Plant & Equipment - Net
77.7% 133.9% 129.5% 139.9% 55.1%
Other Assets 25.9% 39.3% 41.6% 1.9% 1.8%
Total Assets 204.6% 273.7% 252.6% 207.8% 102.9%Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio Analyses\Employee Efficiency
Employee Efficiency: PT Tiga Pilar Sejahtera Food Terbuka Values per Employee are in Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date
12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Employees 2,059 1,816 1,925 2,063 1,938
Values per Employee
Sales 851,288,004 388,337,004 276,983,896 237,116,820 257,931,104
Net Income 61,634,774 41,428,414 19,629,610 13,904,993 8,131,953
Cash Earnings -12,494,415 -37,439,427 8,177,143 16,284,052 23,038,745
Working Capital 395,699,369 81,340,859 33,239,481 -20,254,484 -38,618,589
Total Debt 777,810,588 564,632,159 425,331,948 271,873,970 154,549,117
Total Capital 1,291,932,977 656,118,943 502,006,234 312,583,616 107,833,247
Total Assets 1,741,640,117 1,062,977,974 699,619,740 492,698,013 265,342,243
Year to Year % Change per Employee
Employees 13.4% -5.7% -6.7% 6.4% 23.7%
Sales 119.2% 40.2% 16.8% -8.1% 21.2%
Net Income 48.8% 111.1% 41.2% 71.0% 9,702.1%
Cash Earnings -557.9% -49.8% -29.3%
Working Capital 386.5% 144.7% -572.6%
Total Debt 37.8% 32.8% 56.4% 75.9% 7.6%
Total Capital 96.9% 30.7% 60.6% 189.9% -16.3%
Total Assets 63.8% 51.9% 42.0% 85.7% 14.6%Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio Analyses\Fixed Charges Coverage
Fixed Charges Coverage: PT Tiga Pilar Sejahtera Food Terbuka
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
EBIT/Total Interest Expense 2.4 2.1 1.9 2.0 1.6
EBIT/Net Interest 2.4 2.1 1.9 2.0 1.6
EBIT/(Total Interest Exp + Pfd Div)
2.4 2.1 1.9 2.0 1.6
EBIT/Dividends on Common Shares
EBIT/(Dividends on Common + Pfd)
EBITDA/Total Interest Expense
2.8 3.1 2.7 2.8 2.2
EBITDA/Net Interest 2.9 3.1 2.7 2.8 2.3
EBITDA/(Total Interest Exp + Pfd Div)
2.8 3.1 2.7 2.8 2.2
EBITDA/Dividends on Com Shares
EBITDA/(Dividends on Com + Pfd)
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio Analyses\Leverage Analysis
Leverage Analysis: PT Tiga Pilar Sejahtera Food Terbuka
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Long Term Debt % of EBIT 273.0% 331.6% 478.3% 242.2% 190.7%
Long Term Debt % of EBITDA
228.4% 220.3% 329.3% 176.5% 134.7%
Long Term Debt % of Total Assets
23.1% 31.2% 39.9% 25.0% 19.0%
Long Term Debt % of Total Capital
31.1% 50.5% 55.6% 39.4% 46.9%
Long Term Debt % of Com Equity
46.6% 104.5% 125.5% 65.0% 88.3%
Total Debt % of EBIT 528.4% 565.3% 728.6% 535.3% 583.5%
Total Debt % of EBITDA 442.2% 375.6% 501.7% 390.1% 412.1%
Total Debt % of Total Assets 44.7% 53.1% 60.8% 55.2% 58.2%
Total Debt % of Total Capital 60.2% 86.1% 84.7% 87.0% 143.3%
Total Debt % of Total Capital & Short Term Debt
46.6% 63.5% 65.6% 58.9% 72.9%
Total Debt % of Common Equity
90.3% 178.1% 191.1% 143.6% 270.0%
Minority Interest % of EBIT 19.3% 7.9% 0.4% 0.4% 0.2%
Minority Interest % of EBITDA 16.1% 5.2% 0.3% 0.3% 0.2%
Minority Interest % of Total Assets
1.6% 0.7% 0.0% 0.0% 0.0%
Minority Interest % of Total Capital
2.2% 1.2% 0.0% 0.1% 0.1%
Minority Interest % of Com Equity
3.3% 2.5% 0.1% 0.1% 0.1%
Preferred Stock % of EBIT 0.0% 0.0% 0.0% 0.0% 0.0%
Preferred Stock % of EDITDA 0.0% 0.0% 0.0% 0.0% 0.0%
Preferred Stock % of Total Assets
0.0% 0.0% 0.0% 0.0% 0.0%
Preferred Stock % of Total Capital
0.0% 0.0% 0.0% 0.0% 0.0%
Preferred Stock % of Total Equity
0.0% 0.0% 0.0% 0.0% 0.0%
Common Equity % of Total Assets
49.5% 29.8% 31.8% 38.4% 21.6%
Common Equity % of Total Capital
66.7% 48.3% 44.3% 60.6% 53.1%
Total Capital % of Total Assets
74.2% 61.7% 71.8% 63.4% 40.6%
Capital Expenditure % of Sales
22.3% 1.8% 3.0% 62.0% 24.0%
Fixed Assets % of Common Equity
76.7% 164.0% 161.2% 175.2% 248.4%
Working Capital % of Total Capital
30.6% 12.4% 6.6% -6.5% -35.8%
Dividend Payout 0.0% 0.0% 0.0% 0.0% 0.0%
Funds From Operations % of Total Debt
-1.6% -6.6% 1.9% 6.0% 14.9%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio Analyses\Liquidity Analysis
Liquidity Analysis: PT Tiga Pilar Sejahtera Food Terbuka
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Total Current Assets % Net Sales
98.5% 94.4% 81.5% 66.0% 45.4%
Cash % of Current Assets 35.0% 2.3% 4.3% 4.2% 0.8%
Cash & Equivalents % of Current Assets
46.6% 2.3% 4.7% 8.4% 11.3%
Quick Ratio 1.4 0.3 0.4 0.3 0.4
Receivables % of Current Assets
27.5% 24.5% 33.4% 26.0% 35.8%
Receivable Turnover - number of days
66.4 79.7 78.4 61.6 51.9
Inventories % of Current Assets
25.5% 72.8% 61.5% 63.2% 48.2%
Inventory Turnover - number of days
131.8 317.4 259.3 191.2 85.6
Inventory to Cash & Equivalents - number of days
659.1 11.5 27.6 48.0 84.4
Receivables % of Total Assets
13.2% 8.4% 10.8% 8.3% 15.8%
Current Ratio 1.9 1.3 1.2 0.9 0.8
Total Debt % of Total Capital 46.6% 63.5% 65.6% 58.9% 72.9%
Funds from Operations % of Current Liabilities
-2.8% -13.1% 4.2% 9.2% 14.8%
Funds from Operations % of Long Term Debt
-3.1% -11.3% 2.9% 13.2% 45.6%
Funds from Operations % of Total Debt
-1.6% -6.6% 1.9% 6.0% 14.9%
Funds from Operations % of Total Capital
-1.0% -5.7% 1.6% 5.2% 21.4%
Cash Flow (in milllions of Indonesian Rupiahs)
Operating Activities -25,726.0 -67,990.0 15,741.0 33,594.0 44,649.1
Financing Activities 1,453,145.0 181,634.0 237,572.0 611,553.0 75,851.8
Investing Activities 803,573.0 124,075.0 252,978.0 640,320.0 119,728.8Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio Analyses\Per-Share Ratios
Per Share Data: PT Tiga Pilar Sejahtera Food Terbuka Figures are expressed as per unit of respective shares. Figures are in Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date 12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Sales 599.04 385.63 291.56 267.49 413.69
Operating Income 101.40 69.11 57.67 61.78 46.26
Pre-tax Income 63.29 51.50 28.68 28.97 15.61
Net Income (Continuing Operations)
41.14
Net Income Before Extra Items
43.37 41.14 20.66 15.69 13.04
Extraordinary Items 0.00
Net Income After Extraordinary Items
43.37 41.14 20.66 15.69 13.04
Net Income Available to Common Shares
74.22 41.14 23.96 18.19 13.04
Fully Diluted Earnings 74.22 41.14 21.47 16.30 11.24
Common Dividends 0.00 0.00 0.00 0.00 0.00
Cash Earnings -15.05 -37.18 9.98 21.30 36.95
Book Value 606.45 314.84 234.28 213.62 91.82
Retained Earnings 167.56 -9.90 -51.11 -71.77 -132.36
Assets 1,225.58 1,055.57 736.44 555.81 425.57Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Financial Ratio Analyses\Profitability Growth
Profitability Analysis: PT Tiga Pilar Sejahtera Food Terbuka Currency figures are in Indonesian Rupiahs.
Fiscal Year 2011 2010 2009 2008 2007
Fiscal Year End Date
12/31/2011 12/31/2010 12/31/2009 12/31/2008 12/31/2007
Gross Income Margin
23.6% 25.7% 28.2% 30.8% 17.3%
Operating Income Margin
16.9% 17.9% 19.8% 23.1% 11.2%
Pretax Income Margin
10.6% 13.4% 9.8% 10.8% 3.8%
EBIT Margin 17.3% 25.7% 21.1% 21.4% 10.3%
Net Income Margin
7.2% 10.7% 7.1% 5.9% 3.2%
Return on Equity - Total
10.8% 15.0% 9.2% 11.4% 15.3%
Return on Invested Capital
8.8% 10.4% 7.4% 9.6% 11.7%
Return on Assets
8.1% 9.1% 6.9% 8.5% 9.8%
Asset Turnover
0.5 0.4 0.4 0.5 1.0
Financial Leverage
90.3% 178.1% 191.1% 143.6% 270.0%
Interest Expense on Debt
127,352,000,000 87,207,000,000 59,928,000,000 51,801,000,000 32,470,536,290
Effective Tax Rate
19.0% 15.7% 27.9% 29.2% 16.4%
Cash Flow % Sales
-1.5% -9.6% 3.0% 6.9% 8.9%
Selling, General & Administrative Expenses % of Sales
5.9% 7.6% 8.3% 7.7% 6.0%
Research & Development Expense
Operating Income Return On Total Capital
123.3% 23.3% 49.9% 208.6% 3.5%
Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Wright Quality Rating AnalysesWright Quality Rating Analyses\Investment Acceptance
Wright Quality Rating - Investment Acceptance: PT Tiga Pilar Sejahtera Food Terbuka Currency figures are in millions of U.S. Dollars.
Wright Quality Rating DBNN
Investment Acceptance Rating DBNN
Total Market Value of Shares Outstanding - Three Year Average 169
- Current Year 180
Public Market Value (Excludes Closely Held) - Three Year Average 87
- Current Year 93
Trading Volume - Three Year Average 0
- Current Year 0
Turnover Rate - Three Year Average 0.0%
- Current Year 0.0%
Stock Exchange Listings JAK
Number of Institutional Investors 0
Number of Shareholders
Closely Held Shares as % of Total Shares Outstanding 48.5%Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Wright Quality Rating Analyses\Financial Strength
Wright Quality Rating - Financial Strength: PT Tiga Pilar Sejahtera Food Terbuka
Wright Quality Rating DBNN
Financial Strength Rating DBNN
Total Shareholders' Equity (Millions of U.S. Dollars) 195
Total Shareholders' Equity as % Total Capital 66.7%
Preferred Stock as % of Total Capital 0.0%
Long Term Debt as % of Total Capital 31.2%
Long Term Debt (Millions of Indonesian Rupiahs) 827,273
Lease Obligations (Millions of Indonesian Rupiahs) 2,267
Long Term Debt including Leases (Millions of Indonesian Rupiahs) 829,540
Total Debt as % of Total Capital 46.6%
Fixed Charge Coverage Ratio: Pretax Income to Interest Expense & Preferred Dividends
2.5
Fixed Charge Coverage Ratio: Pretax Income to Net Interest Income & Preferred Dividends
2.5
Quick Ratio (Cash & Receivables / Current Liabilities) 1.4
Current Ratio (Current Assets / Current Liabilities) 1.9Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Wright Quality Rating Analyses\Profitability & Stability
Wright Quality Rating - Profitability & Stability: PT Tiga Pilar Sejahtera Food Terbuka
Wright Quality Rating DBNN
Profitability & Stability Rating DBNN
Profit Rate of Earnings on Equity Capital - Time-Weighted Normal 14.0%
- Basic Trend 2.1%
Cash Earnings Return on Equity - Time-Weighted Average 4.9%
- Basic Trend -4.0%
Cash Earnings Return on Equity - Stability Index 12.0%
Return On Assets (Time-Weighted Average) 11.9%
Pre-Tax Income as % of Total Assets (Time-Weighted Average) 4.1%
Operating Income as % of Total Assets (Time-Weighted Average) 8.5%
Operating Income as % of Total Capital (Adjusted Rate) 24.7%
Pre-Tax Income as % of Total Assets (Time-Weighted Average) 4.1%
Operating Income as % of Total Assets (Time-Weighted Average) 8.5%
Operating Income as % of Total Capital (Adjusted Rate) 24.7%Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.
Wright Quality Rating Analyses\Corporate Growth
Wright Quality Rating - Corporate Growth: PT Tiga Pilar Sejahtera Food Terbuka Figures are expressed on a Per Share Basis.
Wright Quality Rating DBNN Growth Rating DBNNNormal Earnings Growth 20.0%
Cash Earnings Growth -25.0%
Cash Earnings Stability Index 18.5%
Earned Equity Growth 14.0%
Dividend Growth 0.0%
Operating Income Growth 25.0%
Assets Growth 25.0%
Sales/Revenues Growth 23.0%Copyright ©2000-2012 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.