PT Budi Starch & Sweetener Tbk

BUDI.JK

Packaged Foods · Consumer Defensive

Price

216.00 IDR

-2.00 (-0.92%)

Market Cap

970.12B IDR

Exchange

Indonesia Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 9, 2026 · filings through Jun 30, 2026

PT Budi Starch & Sweetener Tbk, along with its affiliated entities, operates in Indonesia and globally, focusing on the manufacturing and sale of products derived from cassava. The company's diverse portfolio includes tapioca and modified tapioca starch, which are utilized across various industries such as food, paper, confectionery, chemicals, and instant noodles. It also supplies a range of sweeteners like glucose, fructose, sorbitol, and maltodextrin. Furthermore, the firm produces polypropylene woven bags for packaging purposes and provides sulfuric acid, a crucial chemical component for fertilizer production, rayon manufacturing, dyes, medicines, detergents, inorganic salts, oil refineries, and metallurgical processes. Additional offerings encompass citric acid, other chemical compounds, and organic fertilizers. Established in 1979, the company is headquartered in Jakarta Selatan, Indonesia. It was formerly known as PT Budi Acid Jaya Tbk, adopting its current name, PT Budi Starch & Sweetener Tbk, in July 2013.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+79.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+706.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Cash Position

Cash flow positive

$301.9B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

PT Budi Starch & Sweetener Tbk grew revenue 80% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

−0.1% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 4.50B (2021) → 4.49B (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

14.7%

Thin — 14.7% gross margin

Operating Margin

8.6%

Modest — 8.6% operating margin

ROCE

2.7%

Weak — 2.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+9.0%

Steady sales growth (+9.0% YoY)

EPS YoY

+248.7%

Earnings growing fast (+248.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

159%

Turns 159% of profit into real cash

FCF Margin

1.8%

Thin free cash flow (1.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

1.29

Elevated debt (1.29)

Interest Cover

2.31x

Tight — interest eats into profit (2.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

5.9x

Attractive valuation — P/E 5.9

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

4.27%

Healthy income — 4.27% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

-34.9%

Dividend cut (-34.9% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial