Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Operating from Surabaya, Indonesia, PT Benteng Api Technic Tbk is a diversified company established in 1997, active across manufacturing, trade, engineering, and construction sectors within the country. The firm specializes in the production and supply of a broad spectrum of refractory products, encompassing fire clay bricks, high alumina bricks, refractory cement, mortars, and various castables, including gunning castable, alongside other crucial refractory materials. Additionally, it delivers comprehensive technical services, such as refractory and fire brick installation, insulation solutions, mechanical services, and expert refractory casting, ramming, and gunning works. Its vast portfolio of clients spans numerous heavy industries, including iron and steel, aluminum and copper smelting, petrochemicals and fertilizers, oil and gas, power generation, cement and lime production, paper processing, food manufacturing, and the palm oil (CPO) sector, among others.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. Specifically, the stock is fairly valued on P/E, overvalued on EV/EBITD