A Fundamental Analysis of PT Yupi Indo Jelly Gum Tbk (YUPI)
PT Yupi Indo Jelly Gum Tbk (YUPI) is a prominent Indonesian confectionery company, widely known for its gummy and jelly candy products. The company holds a significant market share in Indonesia and other Southeast Asian countries. As a recently listed company on the Indonesia Stock Exchange (IDX), a fundamental analysis is essential for investors to evaluate its intrinsic value, financial health, and future growth potential.
 |
| A Fundamental Analysis of PT Yupi Indo Jelly Gum Tbk (YUPI) |
Business Overview and Market Position
YUPI operates in the food and beverages sector, specifically in the soft candy market. The company is considered a market leader in Indonesia and has a strong presence in other countries like Malaysia, Singapore, and Thailand.
Its key competitive advantages include:
Strong Brand Recognition: The "Yupi" brand is well-established and highly recognizable, which builds customer loyalty.
Diversified Product Portfolio: The company offers a wide range of products, catering to various consumer tastes.
Market Dominance: YUPI holds a commanding market share, giving it a strong position against competitors.
The company's performance is tied to consumer spending habits, raw material costs (like sugar and gelatin), and its ability to expand its distribution network both domestically and internationally.
Financial Performance Analysis
Analyzing YUPI's financial statements provides crucial insights into its operational efficiency and financial health.
Revenue and Profitability
YUPI has demonstrated robust revenue and profit growth.
Revenue: The company has shown consistent revenue growth. Revenue was Rp 2.97 trillion in 2023, which increased to Rp 3.04 trillion in 2024.
Net Profit: YUPI has a history of strong profitability. Net profit increased from Rp 559.8 billion in 2023 to Rp 629.1 billion in 2024. The company reported a net profit of Rp 167.2 billion in Q1 2025 and a profit of Rp 314.2 billion in Q2 2025, which shows a positive trend.
Profit Margins: YUPI maintains healthy margins, with a gross margin of 32.58% and a net profit margin of 22.4% in Q2 2025. This indicates strong operational efficiency and a solid ability to control costs.
Balance Sheet and Financial Health
The company's balance sheet is a key indicator of its financial stability.
Debt-to-Equity (D/E) Ratio: YUPI has a very low D/E ratio of just 0.02% as of late 2024. This indicates that the company is largely financed by equity rather than debt, making it financially sound and less vulnerable to interest rate fluctuations or economic downturns.
Assets: The company has a substantial asset base, with total assets of Rp 3.48 trillion. Its assets are significantly higher than its liabilities, reflecting a strong financial position.
Valuation Ratios and Share Performance
Valuation ratios help in determining whether the stock is fairly valued.
Price-to-Earnings (P/E) Ratio: Based on its 2025 projected earnings, YUPI's P/E ratio is around 22.3x. While this may seem high for some industries, it is a reasonable valuation for a market-leading company with strong growth prospects and high profitability.
Price-to-Book (P/B) Ratio: The company's P/B ratio is approximately 4.58. This premium valuation suggests that the market has high expectations for YUPI's future growth and profitability, and is willing to pay more than its book value.
Return on Equity (ROE): YUPI's ROE is an impressive 28.94%. An ROE this high demonstrates that the company is highly effective at using shareholder capital to generate profits.
Dividend Yield: YUPI has a high dividend yield of around 11.52%, with a recent dividend payment of Rp 187.26 per share. This makes the stock attractive for income-oriented investors.
Conclusion
Based on a fundamental analysis, PT Yupi Indo Jelly Gum Tbk (YUPI) appears to be a fundamentally strong company with a robust financial profile. Its position as a market leader, combined with a track record of strong revenue growth and high profitability, makes it a compelling investment. The company's low debt and impressive ROE are significant positives, indicating efficient management and a solid financial foundation.
While the stock price has experienced some volatility since its IPO, the underlying fundamentals remain solid. The company's plan to use IPO funds for expansion and its high dividend yield are additional factors that could attract investors. For those looking for exposure to the Indonesian consumer goods sector, YUPI presents a strong case for long-term investment. However, as with any stock, investors should monitor its performance and the broader market to make informed decisions.
0 comments:
Post a Comment