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Indofood Sukses Makmur (INDF) IDR

PT Indofood Sukses Makmur Tbk is an Indonesian food company that produces consumer branded products such as noodles, dairy, snacks, and beverages, and also engages in agribusiness including palm oil cultivation and flour milling.

At a glance: strengths & risks
✓Revenue growing (+7%)✓Profit growing (+123542%)✓Margins improving (0%→23%)

Sector: Consumer staples

ID_INDF

Price chart

7 275 IDRDay 0.34%

Key metrics

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.

Market

Price
7 275 IDR · 0.34%
Market cap
63877.6 bn IDR

Growth

Δ revenue y/y
6.7%
Δ EBITDA y/y
6.1%

Multiples

P/E (LTM)
4.1x
P/B (FY)
0.9x
EV/EBITDA (LTM)
1.4x

Cash return

Dividend yield
4.0%
FCF yield (LTM)
0.0%

Liquidity

Daily turnover (listing)
17.3 bln IDR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

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.

DatePeriodStatusRevenueB IDROperating profitB IDRD&AB IDREBITDAB IDRNet profitB IDROperating CFB IDRCapex + M&AB IDRAssetsB IDREquityB IDRROE (annualized)Net debtB IDRSource
2026-06-30Q2 2026 (3M)OK31.6
y/y —
6.8
y/y —
1.1
y/y —
7.9
y/y —
1.8
y/y —
5.0-1.0231.2
y/y —
76.7
y/y —
12.3%25.3Report (PDF)
2026-03-31Q1 2026 (3M)OK33.9
y/y —
6.5
y/y —
1.0
y/y —
7.6
y/y —
3.0
y/y —
3.3-1.3226.5
y/y —
77.3
y/y —
15.7%26.3Report (PDF)
2025-12-31Q4 2025 (3M)OK32.5
y/y —
6.5
y/y —
1.1
y/y —
7.5
y/y —
2.8
y/y —
9.2-2.9218.0
y/y 8.1%
73.1
y/y —
14.9%27.5Report (PDF)
2025-09-30Q3 2025 (3M)OK91.0
y/y —
18.1
y/y —
3.1
y/y —
21.2
y/y —
7.9
y/y —
10.4-5.1214.5
y/y —
70.3
y/y —
29.9%33.2Report (PDF)
2024-12-31FY 2024 (12M)OK115.8
y/y —
23.1
y/y —
0.0
y/y —
23.1
y/y —
8.6
y/y —
0.0-5.7201.7
y/y —
0.1
y/y —
—0.0Report (PDF)

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)28 962
Long-term debt (incl. LT leases)50 455
− Cash & equivalents54 126
Net debt25 292

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

025 00050 00075 000100 000125 0002024 FY2025 9M2025 q42026 q12026 q2

Cash flow

FCF ($ mln)

02 0004 0006 0002024 FY2025 9M2025 q42026 q12026 q2

Net debt / cash ($ mln)

010 00020 00030 0002024 FY2025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2024–2025 operating cash flow came to 1.93x of reported net profit.
year20242025
cash flow / profit2.03x1.83x
accruals, % of assets-0.0%-4.1%
Last twelve months (to 2026-06-30): 1.80x of profit came back as operating cash flow.
net debt / EBITDA 2.6x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Indonesia — currency context

USD/IDR17682
1-week+0.1%
1-month-0.8%
room to 52w-weakest2.9%
DXY (dollar index)99.6
US 10Y4.99%

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 2026-09-15 (Yahoo)

Peer comparison

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.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
PEPSICO INCUS186.212.8x2.3x
Indofood CBP Sukses MakmurIndonesia4.62.8x2.8x
PROCTER & GAMBLE CoUS339.615.7x2.9x
ITCIndia34.312.7x3.0x
Philip Morris International Inc.US303.218.9x3.5x
Walmart Inc.US869.319.7x3.6x
COCA COLA COUS384.326.1x4.8x
COSTCO WHOLESALE CORP /NEWUS408.030.6x5.6x
Hindustan UnileverIndia48.029.4x6.8x
Unilever IndonesiaIndonesia3.57.6x7.6x
Group median17.3x3.5x
Group average17.6x4.3x
This companyIndonesia3.61.4x1.4x

Group median 17.3x as traded, 3.5x adjusted; this company 1.4x — a 59% discount.

Group average 17.6x as traded, 4.3x adjusted; against the average this company is at a 66% discount.

At the adjusted group median the market cap would be +144% 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 23.0x, Russia 3.9x, South Africa 5.4x, Kazakhstan 7.7x, India 18.1x, Indonesia 4.2x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-09-15; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-07290 IDREx-dividend: 290 IDR per sharePaidYahoo Finance (ex-div)
2025-07-02280 IDREx-dividend: 280 IDR per sharePaidYahoo Finance (ex-div)
2024-07-09267 IDREx-dividend: 267 IDR per sharePaidYahoo Finance (ex-div)
2023-07-07257 IDREx-dividend: 257 IDR per sharePaidYahoo Finance (ex-div)
2022-08-02278 IDREx-dividend: 278 IDR per sharePaidYahoo 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.indofood.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 Sukses Makmur (INDF) — from primary filings.

Frequently asked questions

What is Indofood Sukses Makmur (INDF)'s P/E ratio?
Indofood Sukses Makmur (INDF) trades at a P/E of 4.1x (price to trailing 12-month earnings).
What is Indofood Sukses Makmur (INDF)'s EV/EBITDA?
Indofood Sukses Makmur (INDF) trades at 1.4x EV/EBITDA.
What is Indofood Sukses Makmur (INDF)'s P/B ratio?
Indofood Sukses Makmur (INDF) trades at a P/B of 0.9x.
What is Indofood Sukses Makmur (INDF)'s dividend yield?
Indofood Sukses Makmur (INDF)'s trailing 12-month dividend yield is 4.0%.
What is Indofood Sukses Makmur (INDF)'s return on equity (ROE)?
Indofood Sukses Makmur (INDF)'s ROE is 12.3%.
What is Indofood Sukses Makmur (INDF)'s market capitalization?
Indofood Sukses Makmur (INDF)'s market cap is 63877.6 bn IDR.

See also: Indonesian Stocks (2026): The Cheapest Big Emerging Market · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map