Industry Sector Consumer Goods Industry
Industry Sub Sector Food and Beverages
Established 2 September 2009
Listed 7 October 2010
Listed Company Code ICBP
Listed Shares 11,661,908,000
Dividend Yes
Major Shareholders (>5%) Indofood Sukses Makmur (80.53%)
Key Subsidiaries Surya Rengo Containers
Indofood Fritolay Makmur
Indofood (M) Food Industries Sdn Bhd

Stock Quote Indofood CBP Sukses Makmur - ICBP:

Business Summary

Currently, Indofood CBP Sukses Makmur’s business units are as follows:

  • Noodles; the company produces and markets a range of instant bag and cup noodles, egg noodles and instant vermicelli.
  • Dairy; it produces and markets a variety of dairy products including sweetened condensed milk, liquid milk (ultra-high temperature, sterilized bottled and pasteurized liquid milk), powdered milk, ice cream and butter.
  • Snack foods; it produces and markets a range of Western and modernized traditional snacks, as well as biscuits.
  • Food Seasonings; it produces a range of culinary products including soy sauce, chili sauce, tomato sauce, bouillon and instant seasonings, and also produces and markets cordial syrup.
  • Nutrition and Special Foods; it produces and markets various cereals and biscuits for infants and children, as well as milk products for expectant and lactating mothers.
  • Beverages; this segment is conducted through a joint venture with the Asahi Group. Drinks
    include water, fruit juice, and soda drinks.

Indofood CBP Sukses Makmur's Financial Highlights:

     2015    2016    2017
Net Sales 31,741.1 34,375.2 35,606.6
Gross Profit  9,619.1 10,768.5 11,058.8
Net Income  3,000.7  3,600.4  3,796.5
Income from
 3,992.1  4,864.2  5,221.8
EBITDA  4,690.9  5,617.8
Total Assets 26,560.6 28,901.9 31,619.5
Total Liabilities 10,173.7 10,401.1 11,295.2
Total Equity 16,386.9 18,500.8 20,324.3
per Share¹
    257     309     326
Cash Dividend
per Share¹


     2010    2011    2012    2013    2014
Net Sales 17,960.1 19,367.2 21,716.9 25,094.7 30,022.5
Gross Profit  4,983.5  5,031.3  5,803.8  6,425.7  8,100.3
Net Income  1,704.0  1,975.3  2,179.6  2,225.3  2,644.8
Income from
 2,542.3  2,608.7  2,849.2  2,771.9  3,185.3
EBITDA  2,994.6  2,998.5  3,272.7  3,278.9  3,804.7
Total Assets 13,361.3 15,222.9 17,819.9 21,267.5 25,029.5
Total Liabilities  3,999.1  4,513.1  5,835.5  8,001.7 10,445.2
per Share¹
    344     339     183²     193²     227²
Cash Dividend
per Share¹
           169     186     190     222

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
² adjusted to 1:2 stock split

Sources: Indofood CBP Sukses Makmur, Annual Report 2016 & Financial Report FY-2017

Future Perspectives of the Indonesian Consumption Sector

Indonesia's recent economic growth is to a large extent due to Indonesia's robust domestic consumption. Not only does Indonesia contain one of the world's most populous populations, but it also constitutes a population that is burgeoning; the country's middle class is expanding rapidly and it shows in their consuming habits. A larger portion of people's disposable income can be spent on consumer products. As such, businesses that largely rely on Indonesia's consumer base have good prospects. McKinsey expects that Indonesia will move from its current position as the world’s 16th largest economy to the 7th largest economy in the year 2030, partly supported by domestic consumption as income per capita continues to rise in combination with rapid urbanization. The size of Indonesia's consuming class is expected to more than triple over the same period, from 45 million in 2012 to 135 million in 2030. As one of the largest food companies in Indonesia, Indofood is well-positioned to capture these opportunities.

Projection Indofood CBP Sukses Makmur's Future Corporate Earnings:

     2016    2017   2018F   2019F
Net Sales
Operating EBITDA
Net Income
P/E Ratio (x)
ROE (%)

in billion IDR rupiah, except stated otherwise


Contact Details

Sudirman Plaza, Indofood Tower, 26th Floor
Jalan Jenderal Sudirman Kav. 76-78
Jakarta - 12910
Phone: +62 21 5795 8822
Fax: +62 21 5793 7373