1. Indonesia Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: non-alcoholic
PT Sariguna Primatirta Tbk

PT Sariguna Primatirta Tbk

IIDX:CLEO
408.00
IDR
+8.00
(+2.00%)
18.56EPS
20.53P/E
8.83TMarket Cap
PT Sariguna Primatirta Tbk
IDX:CLEO
(Indonesia Stock Exchange)

Recent

price

408.00

P/E

ratio

20.53

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
40.98
30.52
37.34
45.2
40.53
45.98
69.75
87.38
112.74
117.73
131.27
Revenue per Share
3.07
2.49
2.84
5.45
5.53
7.53
8.02
12.78
19.45
15.91
17.92
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
3.74
- -
- -
- -
- -
2.5
0.5
0.83
2.53
2.5
- -
Dividend per Share
90.07
13.54
26.48
31.93
37.3
42.88
50.55
61.38
78.36
93.71
104.37
Book Value per Share
90.07
13.54
26.48
31.93
37.3
42.88
50.55
61.38
78.36
93.71
104.37
Tangible Book Value per Share
12,786
20,138
22,258
24,000
24,000
24,000
24,000
23,920
23,920
24,000
24,000
Basic Weighted Avg Shares
523,933
614,678
831,104
1,084,913
972,635
1,103,520
1,674,054
2,090,116
2,696,814
2,825,631
3,150,473
Sales/Revenue/Turnover
10.65
12.58
13
18.97
21.9
23.71
18.04
21.37
24.47
19.36
20.05
Operating Margin (%)
30,666
28,320
26,624
24,654
38,733
43,897
79,777
110,492
119,651
146,927
149,900
Depreciation Expense
39,263
50,174
63,262
130,757
132,772
180,712
192,467
305,779
465,157
381,821
430,099
Net Income, GAAP
17.68
19.52
22.24
24.13
21.26
21.42
21.97
21.38
21.63
21.48
21.36
Effective Tax Rate (%)
7.49
8.16
7.61
12.05
13.65
16.38
11.5
14.63
17.25
13.51
13.65
Profit Margin (%)
-61,036
27,336
77,483
35,803
106,643
12,396
46,968
91,113
77,377
182,594
243,086
Working Capital
83,076
205,735
31,052
216,454
202,046
120,055
271,356
262,473
251,687
262,987
325,725
LT Debt
198,161
297,970
635,478
766,299
894,746
1,025,649
1,209,172
1,514,585
1,929,776
2,312,125
2,574,634
Total Equity
- -
12.33
12.8
16.63
13.7
15.41
14.28
18.11
21.96
15.81
16.94
Return on Invested Capital (%)
- -
14.26
13.11
16.43
13.85
15.95
14.36
17.71
21.72
15.43
15.49
Return on Capital (%)
- -
20.23
13.55
18.66
15.99
18.82
17.22
22.84
27.83
18.52
18.79
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
163,855
184,163
157,796
LT Borrowings
238,129
219,384
300,639
LT Finance Leases
24,858
25,103
25,086
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24,000
24,000
24,000
Market Capitalization
11,184,000
9,552,000
8,832,000

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
508,900
641,506
720,875
Cash, Cash Equivalents & STI
32,314
62,922
50,518
Accounts Receivable, Net
120,511
148,396
173,026
Inventories
305,360
334,419
409,115
Total Current Liabilities
326,305
455,636
477,789
Payables & Accruals
- -
- -
- -
ST Debt
163,855
184,163
157,796
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21%
19.81%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
27.14%
-17.92%
Sales/Revenue/Turnover
- -
24.76%
4.78%
Total Cash Common Dividend
- -
- -
-0.66%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
626,536
669,950
681,397
718,931
2,696,814
2025
668,902
697,199
727,124
732,406
2,825,631
2026
774,395
916,549
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.72
4.49
4.63
5.61
19.45
2025
4.85
3.79
4.07
3.2
15.91
2026
4.99
5.67
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.53
2025
- -
- -
- -
- -
2.5
2026
- -
- -
- -
- -
- -
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Business
PT Sariguna Primatirta Tbk (CLEO.JK) produces and sells bottled drinking water and related beverage products in Indonesia through its Bottle, Non-Bottle, and Others segments; core offerings include mineral water under the Cleo brand encompassing Cleo, Cleo Classic, Cleo Galon, Cleo Platinum, Cleo Eco Green, and Cleo Plantine variants, oxygenated water as SuperO2 with 100 parts per million oxygen content, alkaline water as VIO, value mineral water as Anda, ice cubes as S-Tube and Es Batu Kristal, and green tea under NOGU. The company, founded in 1988 as PT Sari Guna and renamed PT Sariguna Primatirta Tbk in December of that year, maintains headquarters in Sidoarjo, East Java, and operates 32 bottled drinking water plants primarily across Java, Bali, and other provinces with a nationwide distribution network reaching remote areas; it functions as a subsidiary of PT Tancorp Global Abadi within the Tanobel Group, also known as Tanobel Food. Recent developments encompass declaration of a IDR 60 billion cash dividend for fiscal 2024 at IDR 5 per share approved in May 2025, alongside allocation of a IDR 500 billion capital expenditure budget for 2025 predominantly toward constructing three new factories in Palu, Pontianak, and Pekanbaru to expand total facilities to 35 units and bolster production capacity following 29% sales growth to IDR 2.7 trillion and 46% net profit increase to IDR 474 billion in 2024.