1. Indonesia Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
PT Malindo Feedmill Tbk

PT Malindo Feedmill Tbk

MAIN.JK
PT Malindo Feedmill TbkID flagIndonesia Stock Exchange
750.00
IDR
-30.00
- -
1.67TMarket Cap
PT Malindo Feedmill Tbk
MAIN.JK
(Indonesia Stock Exchange)

Recent

price

750.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1,201.49
1,554.25
1,976.15
2,473.79
2,553.09
2,559.19
2,339.57
2,430.55
2,995.37
3,329.95
3,127
4,078.44
4,958.86
5,386.05
5,584.74
5,690.6
5,926.81
Revenue per Share
106.14
121.1
178.62
142.33
-48.06
-33.68
94.48
19.18
127.21
68.11
-17.35
26.97
11.72
28.31
217.99
176.47
203.54
Basic EPS, GAAP
-91.61
-122.32
-188.55
-208.66
-377.34
-190.98
-126.19
-154.95
-144.11
-227.74
-144.43
-149.49
-123.54
-46.11
-70.88
-173.1
-259.35
Free Cash Flow per Basic Share
-25.2
23
25
36
20.31
- -
- -
38
16
22
- -
- -
- -
- -
- -
64.93
- -
Dividend per Share
-60.98
309.17
462.2
568.25
474.96
410.46
410.05
385.85
501.8
559.04
538.18
566.4
578.48
607.67
826.5
941.77
997.04
Book Value per Share
150.94
186.94
326.37
415.23
497.77
668.97
592.35
549.67
629.78
667.9
633.08
650.49
623.04
650.93
1,175.79
1,290.48
1,345.88
Tangible Book Value per Share
1,695
1,695
1,695
1,695
1,763
1,866
2,239
2,239
2,239
2,239
2,239
2,239
2,239
2,239
2,239
2,230
2,230
Basic Weighted Avg Shares
2,036,519
2,634,461
3,349,567
4,193,082
4,502,078
4,775,015
5,237,701
5,441,396
6,705,893
7,454,920
7,000,570
9,130,618
11,101,647
12,058,023
12,502,827
12,692,872
13,219,726
Sales/Revenue/Turnover
12.73
12.16
13.66
11.58
0.42
4.48
9.47
3.07
6.95
5.31
3.05
1.11
1.64
3.05
6.35
4.46
4.31
Operating Margin (%)
- -
5,067
6,944
8,656
11,157
11,809
10,606
10,729
10,374
11,963
13,321
12,339
16,661
17,505
16,666
20,538
21,234
Depreciation Expense
179,906
205,258
302,755
241,247
-84,752
-62,835
211,523
42,947
284,799
152,488
-38,839
60,376
26,240
63,373
488,029
393,616
453,997
Net Income, GAAP
20.01
22.54
21.05
22.28
- -
- -
24.63
- -
28.61
38.73
294.08
20.83
17.63
43.3
23.54
21.49
21.58
Effective Tax Rate (%)
8.83
7.79
9.04
5.75
-1.88
-1.32
4.04
0.79
4.25
2.05
-0.55
0.66
0.24
0.53
3.9
3.1
3.43
Profit Margin (%)
150,839
205,410
41,462
10,509
132,788
392,844
212,465
-249,717
801,389
308,756
329,692
542,970
427,300
438,165
1,122,871
1,073,333
1,008,780
Working Capital
9,644
341,105
204,775
295,556
630,053
797,916
603,872
388,091
1,077,049
706,447
713,014
787,775
719,203
517,409
305,229
182,199
158,130
LT Debt
255,843
421,825
681,871
867,170
1,080,469
1,533,954
1,686,818
1,637,543
1,896,646
2,028,642
1,983,916
2,048,040
2,075,138
2,140,282
2,632,303
2,878,415
3,001,992
Total Equity
- -
33.37
28.28
22.22
- -
- -
10.91
- -
9.45
6.48
-10.69
1.96
3.32
4.72
15.4
11.48
11.08
Return on Invested Capital (%)
- -
41.21
25.79
16.45
- -
- -
12.45
- -
13.76
8.74
-12.23
5.44
4.12
4.24
18.16
14.79
15.87
Return on Capital (%)
- -
- -
46.31
27.62
-9.41
-7.84
25.12
4.82
28.66
12.84
-3.16
4.88
2.05
4.77
30.4
19.93
21.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
874,014
1,053,543
1,120,460
LT Borrowings
201,369
168,741
144,426
LT Finance Leases
4,143
13,458
13,704
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,228
2,230
2,230
Market Capitalization
1,587,905
1,934,560
2,040,905

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,671,763
3,057,957
3,311,811
Cash, Cash Equivalents & STI
291,476
483,910
616,077
Accounts Receivable, Net
623,910
609,325
554,704
Inventories
1,657,176
1,759,328
1,954,235
Total Current Liabilities
1,662,693
1,984,624
2,303,031
Payables & Accruals
- -
- -
- -
ST Debt
874,014
1,053,543
1,120,460
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.77%
8.01%
9.35%
Free Cash Flow
13.7%
24.1%
143.3%
Net Income, GAAP
35.51%
96.05%
-19.35%
Sales/Revenue/Turnover
10.77%
13.17%
1.52%
Total Cash Common Dividend
- -
- -
194.04%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,247,364
3,244,039
2,953,545
3,057,878
12,502,827
2025
3,171,104
2,934,408
3,139,611
3,447,748
12,692,872
2026
3,697,959
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
39.15
- -
- -
- -
217.99
2025
28.12
- -
- -
- -
176.47
2026
55.27
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
64.93
2026
- -
- -
- -
- -
- -
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Business
PT Malindo Feedmill Tbk (MAIN.JK) produces and trades animal feeds, primarily for poultry including broiler breeder feed, broiler layer feed, layer breeder feed, and finisher broiler feed; it also operates breeding farms for parent stock day-old chicks (DOC) and commercial DOC, broiler farms, and food processing facilities offering fully-cooked consumer products and frozen foods. The company maintains feedmills, breeding operations, and farms across Sumatra, Java, Kalimantan, and Sulawesi, serving the Indonesian poultry and livestock sectors with high-protein feeds produced under ISO 9001 and ISO 22000 standards. Founded in 1997 and headquartered in South Jakarta, Indonesia, PT Malindo Feedmill Tbk is a subsidiary of Dragon Amity Pte Ltd and part of the Leong Hup Group from Malaysia, with an initial public offering in 2006. The company reported net sales of IDR 12.5 trillion and net profit of IDR 488.02 billion for fiscal year 2024, reflecting growth of 3.7% and 672.5% respectively over 2023, driven by increases in broiler chicken, day-old chick, processed food, and other sales; it announced a dividend of IDR 65 per share totaling IDR 145 billion. Recent expansions include processed product exports to Oman in 2025 and planned shipments to the United Arab Emirates in July 2025, building on prior exports to Japan in 2020 and Singapore in 2023. Ongoing construction projects as of September 2025 target completion by year-end, supporting capacity enhancements amid strong demand in live bird and feed segments.