PT Merck Tbk Logo

PT Merck Tbk

MERK.JK

(3.0)
Stock Price

3.770 IDR

17.32% ROA

21.32% ROE

11.67x PER

Market Cap.

1.872.640.000.000 IDR

2.16% DER

7.66% Yield

15.49% NPM

PT Merck Tbk Stock Analysis

PT Merck Tbk Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

PT Merck Tbk Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (19.76%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

This stock has a great ability to make a lot of money from the things it owns, which makes it a really good investment for smart investors.

3 DER

The stock has a minimal amount of debt (2%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

4 PBV

The stock's PBV ratio (2.8x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

5 Revenue Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

6 Net Profit Growth

This company's net profit has consistently grown over the past three years, showcasing a positive financial trend and making it an appealing investment opportunity.

7 Dividend Growth

The company's dividend growth has been consistently strong over the past three years, with annual increases that demonstrate its commitment to rewarding shareholders.

8 Dividend

Investors can rely on the company's consistent dividend payments over the past three years, offering a steady stream of returns.

9 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (39.015) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

10 Assets Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

11 Graham Number

The company's Graham number indicates that it is overvalued compared to its stock price, suggesting a potentially unfavorable investment opportunity.

PT Merck Tbk Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

PT Merck Tbk Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

PT Merck Tbk Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

PT Merck Tbk Revenue
Year Revenue Growth
2005 386.345.803.000
2006 487.601.198.000 20.77%
2007 547.237.994.000 10.9%
2008 637.134.080.000 14.11%
2009 751.403.033.000 15.21%
2010 795.688.800.000 5.57%
2011 918.532.462.000 13.37%
2012 929.876.824.000 1.22%
2013 1.193.952.302.000 22.12%
2014 863.207.535.000 -38.32%
2015 983.446.471.000 12.23%
2016 1.034.806.890.000 4.96%
2017 1.156.648.155.000 10.53%
2018 611.958.076.000 -89.01%
2019 744.634.530.000 17.82%
2020 655.847.125.000 -13.54%
2021 1.064.394.815.000 38.38%
2022 1.124.599.738.000 5.35%
2023 1.129.372.512.000 0.42%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

PT Merck Tbk Research and Development Expenses
Year Research and Development Expenses Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 2.440.099.000 100%
2015 2.887.645.000 15.5%
2016 1.802.030.000 -60.24%
2017 3.896.175.000 53.75%
2018 1.132.020.000 -244.18%
2019 113.503.000 -897.35%
2020 188.761.000 39.87%
2021 166.749.000 -13.2%
2022 288.159.000 42.13%
2023 -324.904.000 188.69%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

PT Merck Tbk General and Administrative Expenses
Year General and Administrative Expenses Growth
2005 26.230.112.000
2006 32.028.967.000 18.11%
2007 43.467.658.000 26.32%
2008 45.313.361.000 4.07%
2009 50.157.994.000 9.66%
2010 65.355.453.000 23.25%
2011 47.001.074.000 -39.05%
2012 19.811.132.000 -137.25%
2013 26.080.555.000 24.04%
2014 19.533.466.000 -33.52%
2015 27.286.601.000 28.41%
2016 27.251.966.000 -0.13%
2017 56.944.354.000 52.14%
2018 28.576.745.000 -99.27%
2019 48.250.798.000 40.77%
2020 48.101.562.000 -0.31%
2021 51.669.924.000 6.91%
2022 41.230.888.000 -25.32%
2023 28.148.024.000 -46.48%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

PT Merck Tbk EBITDA
Year EBITDA Growth
2005 84.032.745.000
2006 123.091.400.000 31.73%
2007 127.524.689.000 3.48%
2008 142.842.399.000 10.72%
2009 208.825.024.000 31.6%
2010 153.596.000.000 -35.96%
2011 179.994.056.000 14.67%
2012 150.847.921.000 -19.32%
2013 238.989.128.000 36.88%
2014 207.615.342.000 -15.11%
2015 196.096.659.000 -5.87%
2016 218.468.340.000 10.24%
2017 211.570.146.000 -3.26%
2018 52.076.624.000 -306.27%
2019 131.033.260.000 60.26%
2020 120.926.631.000 -8.36%
2021 203.311.670.000 40.52%
2022 250.665.519.000 18.89%
2023 211.216.908.000 -18.68%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

PT Merck Tbk Gross Profit
Year Gross Profit Growth
2005 214.693.896.000
2006 284.827.285.000 24.62%
2007 318.243.542.000 10.5%
2008 361.477.709.000 11.96%
2009 437.631.987.000 17.4%
2010 441.972.286.000 0.98%
2011 482.138.334.000 8.33%
2012 424.442.298.000 -13.59%
2013 545.479.627.000 22.19%
2014 458.455.147.000 -18.98%
2015 496.256.312.000 7.62%
2016 542.193.220.000 8.47%
2017 587.994.724.000 7.79%
2018 211.687.709.000 -177.77%
2019 323.313.677.000 34.53%
2020 294.205.967.000 -9.89%
2021 398.683.745.000 26.21%
2022 427.591.976.000 6.76%
2023 446.443.008.000 4.22%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

PT Merck Tbk Net Profit
Year Net Profit Growth
2005 57.700.045.000
2006 86.537.702.000 33.32%
2007 89.484.528.000 3.29%
2008 98.620.070.000 9.26%
2009 146.700.178.000 32.77%
2010 118.794.278.000 -23.49%
2011 231.158.647.000 48.61%
2012 107.808.155.000 -114.42%
2013 175.444.757.000 38.55%
2014 181.472.234.000 3.32%
2015 142.545.462.000 -27.31%
2016 153.842.847.000 7.34%
2017 144.677.294.000 -6.34%
2018 1.163.324.165.000 87.56%
2019 78.256.797.000 -1386.55%
2020 71.902.263.000 -8.84%
2021 131.660.834.000 45.39%
2022 179.837.759.000 26.79%
2023 156.103.564.000 -15.2%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

PT Merck Tbk Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2005 129
2006 193 33.68%
2007 200 3.02%
2008 220 9.55%
2009 327 32.72%
2010 265 -23.4%
2011 516 48.64%
2012 241 -115%
2013 392 38.62%
2014 407 3.69%
2015 2.463 83.52%
2016 343 -618.08%
2017 323 -6.19%
2018 2.597 87.56%
2019 175 -1391.95%
2020 160 -8.75%
2021 294 45.58%
2022 401 26.68%
2023 348 -15.23%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

PT Merck Tbk Free Cashflow
Year Free Cashflow Growth
2005 -5.233.473.000
2006 -5.821.017.000 10.09%
2007 -8.653.430.000 32.73%
2008 -9.977.083.000 13.27%
2009 -19.072.475.000 47.69%
2010 -22.762.514.000 16.21%
2011 -4.400.987.000 -417.21%
2012 -14.568.147.000 69.79%
2013 -15.619.104.000 6.73%
2014 -23.411.916.000 33.29%
2015 -59.151.757.000 60.42%
2016 -25.487.989.000 -132.08%
2017 -65.538.429.000 61.11%
2018 -23.862.157.000 -174.65%
2019 -29.900.525.000 20.19%
2020 -31.424.889.000 4.85%
2021 -43.091.885.000 27.07%
2022 168.299.030.000 125.6%
2023 -10.512.026.000 1701.01%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

PT Merck Tbk Operating Cashflow
Year Operating Cashflow Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 188.483.757.000 100%
2023 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

PT Merck Tbk Capital Expenditure
Year Capital Expenditure Growth
2005 5.233.473.000
2006 5.821.017.000 10.09%
2007 8.653.430.000 32.73%
2008 9.977.083.000 13.27%
2009 19.072.475.000 47.69%
2010 22.762.514.000 16.21%
2011 4.400.987.000 -417.21%
2012 14.568.147.000 69.79%
2013 15.619.104.000 6.73%
2014 23.411.916.000 33.29%
2015 59.151.757.000 60.42%
2016 25.487.989.000 -132.08%
2017 65.538.429.000 61.11%
2018 23.862.157.000 -174.65%
2019 29.900.525.000 20.19%
2020 31.424.889.000 4.85%
2021 43.091.885.000 27.07%
2022 20.184.727.000 -113.49%
2023 10.512.026.000 -92.02%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

PT Merck Tbk Equity
Year Equity Growth
2005 180.361.507.000
2006 235.539.209.000 23.43%
2007 280.223.737.000 15.95%
2008 327.323.807.000 14.39%
2009 354.183.985.000 7.58%
2010 363.016.663.000 2.43%
2011 494.181.710.000 26.54%
2012 416.741.865.000 -18.58%
2013 512.218.622.000 18.64%
2014 553.690.856.000 7.49%
2015 473.543.282.000 -16.93%
2016 582.672.469.000 18.73%
2017 615.437.441.000 5.32%
2018 518.280.401.000 -18.75%
2019 594.011.658.000 12.75%
2020 612.683.025.000 3.05%
2021 684.043.788.000 10.43%
2022 757.241.649.000 9.67%
2023 744.272.059.000 -1.74%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

PT Merck Tbk Assets
Year Assets Growth
2005 218.034.134.000
2006 282.698.909.000 22.87%
2007 331.062.225.000 14.61%
2008 375.064.492.000 11.73%
2009 433.970.635.000 13.57%
2010 434.768.493.000 0.18%
2011 584.388.578.000 25.6%
2012 569.430.951.000 -2.63%
2013 696.946.318.000 18.3%
2014 716.599.526.000 2.74%
2015 641.646.818.000 -11.68%
2016 743.934.894.000 13.75%
2017 847.006.544.000 12.17%
2018 1.263.113.689.000 32.94%
2019 901.060.986.000 -40.18%
2020 929.901.046.000 3.1%
2021 1.026.266.866.000 9.39%
2022 1.037.647.240.000 1.1%
2023 927.740.516.000 -11.85%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

PT Merck Tbk Liabilities
Year Liabilities Growth
2005 37.657.373.000
2006 47.119.951.000 20.08%
2007 50.829.679.000 7.3%
2008 47.740.685.000 -6.47%
2009 79.786.650.000 40.16%
2010 71.751.830.000 -11.2%
2011 90.206.868.000 20.46%
2012 152.689.086.000 40.92%
2013 184.727.696.000 17.34%
2014 162.908.670.000 -13.39%
2015 168.103.536.000 3.09%
2016 161.262.425.000 -4.24%
2017 231.569.103.000 30.36%
2018 744.833.288.000 68.91%
2019 307.049.328.000 -142.58%
2020 317.218.021.000 3.21%
2021 342.223.078.000 7.31%
2022 280.405.591.000 -22.05%
2023 183.468.457.000 -52.84%

PT Merck Tbk Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
2312.31
Net Income per Share
358.22
Price to Earning Ratio
11.67x
Price To Sales Ratio
1.81x
POCF Ratio
24.43
PFCF Ratio
36.1
Price to Book Ratio
2.52
EV to Sales
1.66
EV Over EBITDA
7.61
EV to Operating CashFlow
22.43
EV to FreeCashFlow
33.13
Earnings Yield
0.09
FreeCashFlow Yield
0.03
Market Cap
1.873 Bil.
Enterprise Value
1.719 Bil.
Graham Number
3659.24
Graham NetNet
348.04

Income Statement Metrics

Net Income per Share
358.22
Income Quality
1
ROE
0.21
Return On Assets
0.17
Return On Capital Employed
0.28
Net Income per EBT
0.75
EBT Per Ebit
0.99
Ebit per Revenue
0.21
Effective Tax Rate
0.25

Margins

Sales, General, & Administrative to Revenue
0.04
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.4
Operating Profit Margin
0.21
Pretax Profit Margin
0.21
Net Profit Margin
0.15

Dividends

Dividend Yield
0.08
Dividend Yield %
7.66
Payout Ratio
0.89
Dividend Per Share
320

Operating Metrics

Operating Cashflow per Share
171.07
Free CashFlow per Share
115.8
Capex to Operating CashFlow
-0.32
Capex to Revenue
-0.02
Capex to Depreciation
-104.38
Return on Invested Capital
0.21
Return on Tangible Assets
0.17
Days Sales Outstanding
0
Days Payables Outstanding
10
Days of Inventory on Hand
200.11
Receivables Turnover
0
Payables Turnover
36.5
Inventory Turnover
1.82
Capex per Share
-55.26

Balance Sheet

Cash per Share
379,08
Book Value per Share
1.661,32
Tangible Book Value per Share
1658.51
Shareholders Equity per Share
1661.32
Interest Debt per Share
44.69
Debt to Equity
0.02
Debt to Assets
0.02
Net Debt to EBITDA
-0.68
Current Ratio
4.9
Tangible Asset Value
743 Bil.
Net Current Asset Value
506 Bil.
Invested Capital
0.02
Working Capital
549 Bil.
Intangibles to Total Assets
0
Average Receivables
0 Bil.
Average Payables
30 Bil.
Average Inventory
356245615000
Debt to Market Cap
0.01

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

PT Merck Tbk Dividends
Year Dividends Growth
2002 400
2003 2.100 80.95%
2004 2.800 25%
2005 1.400 -100%
2006 1.400 0%
2007 2.000 30%
2008 2.300 13.04%
2009 5.350 57.01%
2010 4.909 -8.98%
2011 4.464 -9.97%
2012 8.270 46.02%
2013 3.570 -131.65%
2014 6.250 42.88%
2015 9.800 36.22%
2016 100 -9700%
2017 275 63.64%
2018 2.828 90.28%
2020 130 -2075.38%
2021 122 -6.56%
2022 240 49.17%
2023 320 25%

PT Merck Tbk Profile

About PT Merck Tbk

PT Merck Tbk manufactures and sells pharmaceutical products in Indonesia. It operates through three segments: Biopharma, Consumer Health, and Others. It offers health care products in the areas of cardiovascular, metabolic, oncology, endocrinology, fertility, and neurodegenerative diseases, as well as general medicines. The company also engages in discovering, developing, manufacturing, and marketing pharmaceutical and biological prescription medicines to treat colorectal cancer, head and neck cancer, multiple sclerosis, infertility, growth hormone disorders, and diabetes, as well as thyroid disorders comprising hyperthyroidism and hypothyroidism. In addition, it leases and manages properties. The company was formerly known as PT Merck Indonesia Tbk and changed its name to PT Merck Tbk in June 2002. The company was founded in 1970 and is headquartered in East Jakarta, Indonesia. PT Merck Tbk is a subsidiary of Merck Holding GmbH.

CEO
Ms. Evie Yulin
Employee
381
Address
Jl. TB Simatupang No. 8
Jakarta Timur, 13760

PT Merck Tbk Executives & BODs

PT Merck Tbk Executives & BODs
# Name Age
1 Eduan Tjong
Supply Chain & Operation Manager
70
2 Miranda Andamsari
Compliance Officer
70
3 Ms. Pachita Ramadhani
Head of Internal Audit Unit & Sr Finance Manager
70
4 Bundi Jannius
Head of Site Pharma Tech
70
5 Mr. Bambang Nurcahyo
Finance Director & Director
70
6 Ms. Melisa Sandrianti
Corporate Secretary & Corporate Communications Manager
70
7 Mr. Arryo Aritrixso Teguh Putranto Wachjuwidajat
Plant Director & Independent Director
70
8 Ms. Evie Yulin
President Director & Biopharma Director
70
9 Taufiq Wibowo
Head of Legal
70
10 Aquira Kurniawati Moeladi
Human Resource Head
70

PT Merck Tbk Competitors