Japfa Comfeed Indonesia's Stock Target Raised Following Record Profit Surge
JAKARTA, Investortrust.id – PT Japfa Comfeed Indonesia Tbk, or JPFA, a leading Indonesian agri-food company specializing in poultry feed and livestock production, has reported a remarkable 224.71% increase in net profit for the fiscal year 2024, reaching Rp3.01 trillion, up from Rp929.71 billion in the previous year.
This significant financial performance has prompted BRI Danareksa Sekuritas to issue a 'Buy' recommendation for JPFA's stock, setting a target price of Rp2,800. On Monday, March 3, 2025, during the second trading session, JPFA's stock price rose by Rp130 (6.97%), reaching Rp1,995.
The company's impressive profit growth is attributed to a substantial increase in sales, which climbed from Rp51.17 trillion in 2023 to Rp55.80 trillion in 2024. Gross profit also surged from Rp7.51 trillion to Rp11.21 trillion during the same period.
Operating profit experienced a notable rise, escalating from Rp2.20 trillion to Rp5.06 trillion. Consequently, earnings per share (EPS) increased from Rp80 to Rp260.
BRI Danareksa Sekuritas highlighted that JPFA's net profit realization equated to 101% of their target and approximately 110% of the consensus estimate. Despite a decline in margins within the animal feed and day-old chick (DOC) segments, coupled with increased operational expenses, JPFA's strong performance in the fourth quarter of 2024 was bolstered by robust sales in the poultry segment.
This outstanding financial performance underscores JPFA's resilience and strategic positioning in Indonesia's agri-food industry, making it a compelling consideration for investors seeking exposure to this sector.