PT Kalbe Farma Tbk

PT Kalbe Farma Tbk

PTKFY
PT Kalbe Farma TbkUS flagOther OTC
8.69
USD
- -
- -
9.84MMarket Cap
PT Kalbe Farma Tbk
PTKFY
(Other OTC)

Recent

price

8.69

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
43,637.42
46,557.15
58,181.84
68,275.58
74,105.55
76,319.65
82,663.17
86,110.15
89,916.81
96,569.25
98,617.29
112,052.67
124,402.53
131,655.87
141,285.95
155,189.47
120,430.07
Revenue per Share
5,733.95
6,324.19
7,398.07
8,189.88
8,815
8,551.39
9,812.18
10,255.36
10,483.72
10,695.5
11,662.3
13,584.05
14,542.15
11,962.86
14,032.72
16,101.24
13,085.58
Basic EPS, GAAP
-2,004.52
-2,001.51
-3,342.83
-4,240.75
-3,322.66
-3,969.35
-4,688.6
-5,271.38
-5,858.25
-8,460.46
-4,771.16
-4,270.56
-3,741.08
-5,097.64
-5,414.24
-3,557.97
-2,570.23
Free Cash Flow per Basic Share
1,000.07
2,344.64
3,800
3,800
3,400
3,800
3,800
4,400
5,000
5,200
5,200
5,600
7,014.03
7,600
6,209.25
7,186.48
- -
Dividend per Share
25,770.83
29,239.09
32,773.92
34,124.38
39,457.48
44,120.78
50,047.44
55,804.68
61,185.85
66,576.51
72,934.25
80,802.43
88,813.82
93,530.23
101,373.16
111,617.99
116,837.33
Book Value per Share
23,614.96
26,807.09
29,996.59
34,534.84
39,860.77
44,885.13
51,328.73
57,309.93
63,090.45
68,231.62
74,912.95
85,742.59
88,361.59
92,154.99
96,396.07
98,464.15
103,539.19
Tangible Book Value per Share
234
234
234
234
234
234
234
234
234
234
234
234
233
231
231
228
226
Basic Weighted Avg Shares
10,226,789
10,911,860
13,636,405
16,002,131
17,368,533
17,887,464
19,374,231
20,182,120
21,074,306
22,633,476
23,112,655
26,261,195
28,933,503
30,449,134
32,627,776
35,324,544
27,248,535
Sales/Revenue/Turnover
17.51
18.31
16.47
16.23
16.19
15.03
16.08
16.01
15.06
14.6
15.36
15.25
14.6
11.91
12.47
12.87
13.39
Operating Margin (%)
59,830
110,344
125,835
152,451
191,582
217,384
268,063
281,239
262,344
270,261
338,879
348,081
333,775
333,650
326,810
365,956
269,202
Depreciation Expense
1,343,799
1,482,237
1,733,928
1,919,508
2,066,022
2,004,237
2,299,735
2,403,606
2,457,129
2,506,765
2,733,260
3,183,621
3,382,210
2,766,748
3,240,637
3,664,998
2,960,745
Net Income, GAAP
24.1
23.36
23.09
23.4
23.25
24.37
23.95
24.31
24.47
25.42
22.83
21.99
22.62
22.96
23.05
21.64
21.29
Effective Tax Rate (%)
13.14
13.58
12.72
12
11.9
11.2
11.87
11.91
11.66
11.08
11.83
12.12
11.69
9.09
9.93
10.38
10.87
Profit Margin (%)
3,885,056
4,363,288
4,550,093
4,856,729
5,734,885
6,379,585
7,255,368
7,815,403
8,362,121
8,645,382
9,899,105
12,177,553
12,279,191
12,674,556
13,001,919
13,172,183
14,314,988
Working Capital
745
365
78
- -
44,220
130,933
134,417
145,603
260,002
647,688
788,552
532,509
311,899
318,779
220,048
163,720
171,507
LT Debt
5,771,917
6,515,935
7,371,644
8,479,392
9,764,101
10,938,286
12,463,847
13,894,032
15,294,595
16,705,582
18,276,082
21,265,878
22,097,328
23,120,022
24,590,434
24,728,503
25,734,694
Total Equity
23.86
23.95
23.74
23.41
22.17
18.7
19.39
17.92
15.87
14.7
14.59
14.85
14.29
11.77
12.7
14.08
10.9
Return on Invested Capital (%)
21.14
20.98
21.89
21.89
21.52
18.48
19.03
17.86
16.55
15.33
14.99
15.71
14.94
11.87
13.19
13.66
10.6
Return on Capital (%)
24.26
22.99
23.86
24.48
23.96
20.46
20.84
19.38
17.92
16.74
16.72
17.67
17.08
13.09
14.39
15.02
11.63
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
133,563
132,749
LT Borrowings
- -
143,018
146,395
LT Finance Leases
- -
20,702
25,112
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
45,287
45,249
Market Capitalization
54,404,247
51,396,595
41,723,920

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
18,508,334
19,914,964
Cash, Cash Equivalents & STI
- -
4,485,583
4,546,502
Accounts Receivable, Net
- -
5,651,335
6,337,303
Inventories
- -
6,985,130
7,414,554
Total Current Liabilities
- -
5,336,151
5,599,976
Payables & Accruals
- -
- -
- -
ST Debt
- -
133,563
132,749
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.6%
6.36%
0.56%
Free Cash Flow
2.52%
-3.45%
-35.23%
Net Income, GAAP
6.73%
6.95%
13.09%
Sales/Revenue/Turnover
7.09%
8.89%
8.27%
Total Cash Common Dividend
- -
7.08%
14.08%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,363,029
7,965,223
7,910,511
8,389,013
32,627,776
2025
8,788,190
8,233,926
- -
9,336,247
35,324,544
2026
9,678,361
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,140.3
- -
- -
- -
14,032.72
2025
4,713.81
- -
- -
- -
16,101.24
2026
4,547.54
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6,209.25
2025
- -
- -
- -
- -
7,186.48
2026
- -
- -
- -
- -
- -
Business
PT Kalbe Farma Tbk PT Kalbe Farma Tbk operates as Indonesia's largest integrated pharmaceutical and healthcare company, developing, manufacturing, marketing, and distributing a wide range of products across four primary divisions: prescription pharmaceuticals, consumer health, nutritionals, and distribution and logistics. The prescription pharmaceuticals division offers unbranded generics, branded generics, and licensed drugs targeting therapeutic areas such as oncology, neurology, cardiology, infectious diseases, diabetes, and cardiovascular conditions, including innovative biologics like Serplulimab (Zerpidio), Efepoetin Alfa (Efesa), Hemapo, Leucogen, Ezelin insulin, Rituxikal, Avamab, and Herzemab; the consumer health division provides over-the-counter drugs, health supplements, vitamins, minerals, energy drinks, and preventive products under strong brands like ExtraJoss, Mixagrip, Komix, Promag, Sakatonik, and new launches such as EJ SportGel, Entrostop, and Procold; the nutritionals division supplies products for all life stages, including infant formula, growing-up milk, adult supplements, and specialized nutrition for expectant and lactating mothers, children, teens, adults, seniors, and clinical needs; while the distribution and logistics division, managed through subsidiary PT Enseval Putera Megatrading Tbk, handles warehousing, transportation, and delivery of pharmaceuticals, consumer products, medical devices, and raw materials to over 200,000 outlets across Indonesia via 71 branches and three distribution centers, supported by digital platforms like EMOS and MOSTRANS. Headquartered in Jakarta and founded in 1966, the company serves domestic markets through an extensive network while exporting to approximately 40 countries in Southeast Asia, South Africa, and the Middle East, targeting hospitals, pharmacies, drug stores, retailers, and healthcare professionals with a focus on affordable, high-quality solutions compliant with national health insurance (JKN) programs and local content requirements. Recent developments include the establishment of a joint venture with Livzon Pharma Indonesia in July 2024 to manufacture pharmaceutical ingredients for export and domestic use, enhancing supply chain resilience and reducing US dollar dependency; a strategic partnership with Alliance Pharma Co., Ltd. (Thailand) signed in May 2024 to boost market penetration in Southeast Asia, particularly biologics in Thailand; commercialization of novel biologics Zerpidio and Efesa in 2024 with local FDA approvals and expansion into Southeast Asia, Middle East, and Australia; soft launching of radiopharmaceuticals facilities including a cyclotron; progress on local manufacturing of medical devices like dialyzers, mobile X-rays, endoscopy equipment, USG machines, CT-scans, surgical sutures, and TB kits to meet TKDN regulations; and receipt of the 2024 Proper Hijau award for sustainable development, alongside ongoing investments in R&D for drug delivery, biologics, cell therapy, vaccines, and affordable ready-to-drink nutritionals, with 1Q25 net sales reaching IDR 8,845 billion reflecting 5.8% growth.