Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Established in 1996 and headquartered in Bekasi, Indonesia, PT Sarana Mitra Luas Tbk is a dedicated provider of forklift rental services across the Indonesian market. The company offers a comprehensive suite of material handling solutions, extending beyond simple equipment leasing to include options for forklifts with or without operators, performance-based rental agreements, and even machinery installation. Furthermore, they facilitate both the sale and repair of forklifts. Their extensive inventory features a variety of equipment, such as engine-powered and electric counterbalanced forklifts, reach trucks, general warehousing machinery, loaders, and an assortment of forklift attachments. PT Sarana Mitra Luas Tbk serves a diverse client base, notably encompassing logistics firms, food and beverage producers, and electronics manufacturers.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITD.