Data is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.
PT Surya Toto Indonesia Tbk is a leading manufacturer of sanitary ware and bathroom fixtures in Indonesia, leveraging its strong brand recognition and extensive distribution network. The company benefits from a growing middle class and increasing urbanization in Indonesia, driving demand for its high-quality products.
IndustrialsConstructionmoderate - The company has a relatively low fixed cost structure, allowing it to adjust operations based on demand fluctuations.
Business Overview
01Sanitary ware products - 70%
02Bathroom fixtures - 20%
03Other construction materials - 10%
PT Surya Toto generates revenue primarily through the sale of sanitary ware and bathroom fixtures, capitalizing on its established brand reputation and distribution channels. The company maintains pricing power due to its focus on quality and innovation, allowing it to differentiate from competitors.
What Moves the Stock
Growth in Indonesia's construction sector, particularly residential and commercial projects
Changes in consumer spending patterns influenced by economic conditions
Raw material price fluctuations affecting production costs
Regulatory changes impacting construction standards and building permits
Potential regulatory changes affecting manufacturing standards and environmental compliance
Economic downturns impacting consumer spending and construction activity
Increasing competition from both local and international manufacturers
Potential for price wars in the sanitary ware market
Low liquidity risk due to a current ratio of 6.28, but reliance on consistent cash flow generation is critical for ongoing operations.
StructuralCompetitiveBalance Sheet
Macro Sensitivity
Economic Cycle
high - The company's performance is closely tied to GDP growth and consumer spending in Indonesia, as increased construction activity typically leads to higher demand for its products.
Interest Rates
Moderate sensitivity to interest rates as higher rates can dampen consumer spending and affect financing for construction projects, potentially impacting demand for sanitary ware.
Credit
minimal - The company operates with a low debt-to-equity ratio of 0.08, indicating limited reliance on external financing.
Live Conditions
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Profile
value - The company's low valuation multiples (P/S of 1.1x and P/B of 0.9x) attract value-focused investors looking for stable cash flows.
moderate - The stock has shown a historical volatility consistent with the construction sector, though recent returns have been negative.