Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
PT Hexindo Adiperkasa Tbk, established in 1988 and headquartered in Jakarta, Indonesia, operates as a key player in the Indonesian market by distributing, leasing, and selling heavy construction and industrial equipment alongside its related spare parts. The company's diverse product range encompasses various sizes of excavators (mini, medium, and large), loading shovels, wheel loaders, rigid-frame trucks, articulated dump trucks, and pre-owned machinery. These robust solutions cater to a multitude of sectors, including mining, quarrying, general construction, demolition, recycling, and forestry, with consolidated solutions also provided for construction sites. Beyond equipment, Hexindo supplies a comprehensive selection of components such as lubricants, filters, undercarriages, O-ring kits for control valves, ground engaging tools, seal kits, and remanufactured parts, all backed by extensive support services. Their offerings prominently feature products from renowned brands like Hitachi, John Deere, Krupp, and Bell.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITDA, u