PT Ultrajaya Milk Industry & Trading Co. Tbk
IIDX:ULTJ2,100.00
IDR
0.00
(0.00%)
PT Ultrajaya Milk Industry & Trading Co. Tbk
IDX:ULTJ
(Indonesia Stock Exchange)
Recent
price
2,100.00
P/E
ratio
8.14
div
yld
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ROIC.AI
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- Business
- PT Ultrajaya Milk Industry & Trading Company Tbk engages in the food and beverage industry, primarily producing aseptic dairy products and ready-to-drink beverages using UHT technology and aseptic packaging; its core offerings include UHT liquid milk under the Ultra Milk and Ultra Mimi brands, regular and flavored RTD tea under the Teh Kotak brand, health drinks such as Sari Kacang Ijo and Sari Asem Jawa, sweetened condensed milk under the Cap Sapi brand, milk powder, and tropical fruit juice concentrates; the company also manufactures products for third parties including UHT fruit juice under Unilever's Buavita brand, milk powder for PT Sanghiang Perkasa, and items through joint ventures with partners like Mondelez International, Kraft, and Ito-En. The company operates through two main segments, Beverages and Foods, with dairy products accounting for approximately 77% of revenue, tea and health drinks 17%, and others 6% as of 3Q2024; it maintains subsidiaries and joint ventures such as PT Kraft Ultrajaya Indonesia, PT Nikos Distribution Indonesia, PT Ito-En Ultrajaya Wholesale, PT Ultra Sumatera Dairy Farm, and PT Ultra Peternakan Bandung Selatan to support production, distribution, and dairy farming; headquartered in Padalarang, West Java, Indonesia, with founding in 1970 and commercial production starting in 1975, it went public on the Indonesia Stock Exchange in 1990. PT Ultrajaya primarily serves the domestic Indonesian market, absorbing about 90% of production through direct sales to modern trade and traditional markets in Java, indirect sales via distributors across outer islands, and e-commerce, with the remaining 10% exported to Asia, the Middle East, Pacific Islands, Nigeria, Australia, and America; it leads the UHT liquid milk segment with 36.5% market share and RTD tea in carton packs with 60.8-61.8% share as of September 2024. Recent developments include the launch of its first organic UHT milk in November 2024 using 100% certified organic cow's milk, new Teh Kotak flavors such as Mango & Lychee in June 2024 and Jasmine 1000ml plus Less Sugar 750ml in July 2024, Ultra Milk Mocha & Strawberry 750ml and Teh Kotak 300ml Without 50% Extra in June and January 2024 respectively, and Ultra Milk Low Fat High Calcium repackaging in July 2024 plus an Ultraman special edition in November 2024; the company targets full operation of its new 25,000 sqm distribution center with ASRS in MM2100 industrial estate, West Java, by Q4 2024-Q1 2025 and adjacent 38,000 sqm production facility by Q3 2025, alongside dividend distribution of IDR 415.9 billion or IDR 40 per share in July 2024 representing 35.6% of 2023 net profit; for 2025, it aims for double-digit sales growth led by dairy UHT and RTD tea through distribution expansion and raw material strategies.