PT Indofood CBP Sukses Makmur Tbk produces and sells a wide range of packaged food products, including noodles, dairy items, snacks, seasonings, and nutritional foods, primarily in Indonesia and internationally.
Sector: Consumer staples
ID_ICBP
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in B IDR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB IDR | Operating profitB IDR | D&AB IDR | EBITDAB IDR | Net profitB IDR | Operating CFB IDR | Capex + M&AB IDR | AssetsB IDR | EquityB IDR | ROE (annualized) | Net debtB IDR | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 20.1 y/y 11.3% | 4.5 y/y 8.0% | 0.5 y/y 8.1% | 5.0 y/y 8.0% | 1.1 y/y -33.1% | 3.5 | -0.5 | 144.0 y/y 9.1% | 75.3 y/y 58.4% | 9.7% | 16.6 | Report (PDF) |
| 2026-03-31 | Q1 2026 (3M) | OK | 21.7 y/y 7.6% | 4.6 y/y -10.4% | 0.5 y/y 7.2% | 5.1 y/y -9.0% | 2.6 y/y -3.1% | 2.2 | -0.8 | 140.2 y/y 7.2% | 77.0 y/y 61.1% | 13.7% | 17.6 | Report (PDF) |
| 2025-12-31 | Q4 2025 (3M) | OK | 18.6 y/y 8.6% | 3.9 y/y -9.5% | 0.5 y/y 10.3% | 4.4 y/y -7.7% | 2.1 y/y 297.8% | 4.9 | -1.4 | 135.5 y/y 7.5% | 73.7 y/y 9.9% | 12.7% | 18.2 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 18.7 y/y 1.4% | 4.3 y/y 6.2% | 0.5 y/y 2.0% | 4.7 y/y 5.8% | 1.6 y/y -12.8% | 2.3 | -0.9 | 132.4 y/y 6.6% | 71.4 y/y 54.6% | 15.9% | 21.3 | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 17.4 y/y 1.7% | 3.3 y/y -4.7% | 0.5 y/y 2.2% | 3.8 y/y -4.1% | 2.9 y/y 56.5% | 3.2 | -1.2 | 132.0 y/y 5.4% | 47.5 y/y 13.3% | 23.2% | 18.5 | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 20.2 y/y 1.3% | 5.2 y/y 4.8% | 0.4 y/y 3.8% | 5.6 y/y 4.7% | 2.7 y/y 13.0% | 1.6 | -1.3 | 130.7 y/y 5.8% | 47.8 y/y 10.9% | 18.5% | 21.0 | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 17.1 y/y — | 4.3 y/y — | 0.5 y/y — | 4.8 y/y — | -1.1 y/y — | 5.5 | 0.4 | 126.0 y/y — | 67.0 y/y — | 12.5% | 19.8 | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 18.5 y/y — | 3.1 y/y — | 0.5 y/y — | 3.6 y/y — | 4.6 y/y — | 1.4 | -0.4 | 124.2 y/y — | 46.2 y/y — | 24.7% | 23.7 | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 17.0 y/y — | 4.0 y/y — | 0.4 y/y — | 4.4 y/y — | 1.2 y/y — | 3.9 | -2.6 | 125.2 y/y — | 41.9 y/y — | 16.6% | 25.0 | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | OK | 19.9 y/y — | 4.9 y/y — | 0.4 y/y — | 5.3 y/y — | 2.4 y/y — | 1.6 | -0.3 | 123.6 y/y — | 43.1 y/y — | — | 24.7 | Report (PDF) |
| Short-term debt (incl. ST leases) | 706 |
| Long-term debt (incl. LT leases) | 49 465 |
| − Cash & equivalents | 33 538 |
| Net debt | 16 634 |
|---|
Net debt / LTM EBITDA: 0.9x
Quarterly values (Rp mln)
Year-over-year change
Operating and investing cash flow (OCF + ICF) (Rp mln)
Net debt / cash (Rp mln)
| year | 2024 | 2025 |
|---|---|---|
| cash flow / profit | 1.76x | 1.31x |
| accruals, % of assets | -4.3% | -2.1% |
Our earnings breakdowns and investment notes on this issuer.
| USD/IDR | 18025 |
| 1-week | -0.1% |
| 1-month | +0.4% |
| room to 52w-weakest | 0.9% |
| DXY (dollar index) | 102.2 |
| US 10Y | 4.99% |
A weaker rupiah lowers the USD value of Indonesian equities for a foreign holder; for banks, BI's high policy rate (defending the currency) pressures margins.
as of 2026-10-27 (Yahoo)
Value the company creates per year, as a % of market cap
Value created per year: +26.8%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X = — | 750 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (67 056 + 16 634) ÷ 19 265 | 4.3x |
| 3. Target multiple (Current EV/EBITDA + 9) ÷ 2 = (4.3 + 9) ÷ 2 | 6.7x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 1 883 + 0 + 0 − 0 | 12 933 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (750 × 6.7 + 12 933) ÷ 67 056 | +26.8% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
Group: Consumer staples. Each peer is shown as it trades and re-priced onto this company's market (Indonesia) by the ratio of our coverage medians.
| Company | Market | Cap, $bn | EV/EBITDA | EV/EBITDA, adjusted |
|---|---|---|---|---|
| Indofood Sukses Makmur | Indonesia | 3.2 | 1.9x | 1.9x |
| PEPSICO INC | US | 186.0 | 12.0x | 3.0x |
| Altria Group | US | 123.3 | 13.0x | 3.3x |
| ITC | India | 34.2 | 12.8x | 4.0x |
| PROCTER & GAMBLE Co | US | 371.6 | 17.2x | 4.3x |
| Philip Morris International Inc. | US | 314.1 | 18.8x | 4.7x |
| Walmart Inc. | US | 958.6 | 21.5x | 5.4x |
| COCA COLA CO | US | 398.8 | 27.0x | 6.8x |
| COSTCO WHOLESALE CORP /NEW | US | 445.6 | 30.3x | 7.6x |
| Hindustan Unilever | India | 44.9 | 27.5x | 8.6x |
| Unilever Indonesia | Indonesia | 2.9 | 11.0x | 11.0x |
| Group median | 17.2x | 4.7x | ||
| Group average | 17.5x | 5.5x | ||
| This company | Indonesia | 3.8 | 3.5x | 3.5x |
Group median 17.2x as traded, 4.7x adjusted; this company 3.5x — a 26% discount.
Group average 17.5x as traded, 5.5x adjusted; against the average this company is at a 37% discount.
At the adjusted group median the market cap would be +36% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 21.1x, Russia 3.7x, South Africa 5.1x, Kazakhstan 4.6x, India 17.0x, Indonesia 5.3x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-27; the company's own is live.
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-07-07 | 265 IDR | Ex-dividend: 265 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2025-07-02 | 250 IDR | Ex-dividend: 250 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-07-09 | 200 IDR | Ex-dividend: 200 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-07-07 | 188 IDR | Ex-dividend: 188 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2022-08-02 | 215 IDR | Ex-dividend: 215 IDR per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://www.indofoodcbp.com/investor-relation
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Indofood CBP Sukses Makmur (ICBP) — from primary filings.
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