Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Headquartered in Bogor, Indonesia, PT Indo Kordsa Tbk was established in 1981 and operates as a subsidiary of Kordsa Teknik Tekstil A.S. The company specializes in the production, global distribution, and sale of tire cord fabrics and yarn filaments. Its extensive market reach encompasses numerous countries, including Indonesia, Thailand, Korea, Japan, China, Vietnam, Turkey, Taiwan, and Brazil, among other international territories. The primary product offerings include various fiber types such as nylon, polyester, and rayon, in addition to industrial yarns and raw polyester materials. These cord fabrics are crucial for bestowing strength and elasticity upon tires. The entity underwent a corporate name change in 2007, transitioning from its former designation, PT Branta Mulia Tbk.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is fairly valued on P/E, undervalued on EV/EBITDA, underpriced on P