Risk factor
Very poor trading liquidity
Profitability factor
Very strong margins and returns
About
PT Sunindo Pratama Tbk is an Indonesian firm dedicated to the distribution of products and the delivery of vital services for the oil and gas industries, serving both national and international markets. Its extensive product offerings encompass essential equipment such as oil country tubular goods, ERW tubings and casings, drill pipes, and line pipes. The company also supplies drill bits, wellheads, packers, variable speed drives, alongside a range of oilfield-specific chemicals and valves. Complementing its product distribution, Sunindo Pratama furnishes a broad array of services, including drill pipe rentals, on-site maintenance for wellheads and Christmas trees, workover barges with supporting vessels, and corrosion prevention and removal systems. Additionally, they provide organic binder absorption solutions for various applications and advanced enhanced oil recovery (EOR) services, such as polymer flooding, zonal water injection, and other EOR technologies. Founded in 2002, the company's headquarters are located in South Jakarta, Indonesia.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on E