PT Indofood CBP Sukses Makmur Tbk (PIFFY) Research

PT Indofood CBP Sukses Makmur Tbk (PIFFY) is a prominent Indonesian conglomerate primarily engaged in the production and global sale of diverse consumer goods. Its market footprint is extensive, encompassing Indonesia, the broader Asian region, the Middle East, Africa, and various other international territories. The company boasts a wide-ranging product portfolio. It is particularly recognized for its noodles, sauces, and instant seasonings, marketed under well-known labels such as Indomie, Supermi, Sarimi, Pop Mie, Sakura, and Mi Telur Cap 3 Ayam, in addition to sweetened condensed milk. Within the dairy segment, Indofood supplies UHT, sterilized bottled, and pasteurized liquid milk, powdered milk, ice cream, and butter, featuring brands like Indomilk, Cap Enaak, Tiga Sapi, Kremer, Orchid Butter, Indofood Icecream, Good To Go, and Milkuat. Beyond these staples, Indofood manufactures a variety of snacks, including both chip and non-chip options like potato-based biscuits, cassava products, and wheat flour items, sold under names such as Chitato, Qtela, Chiki, Jetz, Trenz, Chitato Lite, and Maxicorn. Its culinary offerings also extend to food seasonings—available in powdered and liquid forms—as well as condiments and syrups, through brands like Sambal Indofood, Bumbu Special Indofood, Bumbu Racik, Indofood Freiss, and Kecap Indofood. Addressing specific nutritional requirements, Indofood offers a selection of specialized foods. This category includes baby cereals, follow-on cereals, noodle soups, and baby biscuits, alongside fortified milk formulated for expectant and lactating mothers, identifiable by the Promina, Sun, Govit, and Gowell brands. The beverage division features tea, bottled water, and fruit-flavored drinks, represented by brands such as Ichi Ocha, Club, and Fruitamin. Indofood's operations are not confined solely to consumer product manufacturing. The company also undertakes various other business activities, including the production of packaging materials and non-alcoholic beverages, marketing and distribution of culinary items, processing of oils and fats, and restaurant management. Furthermore, it provides investment and trade export agency services, management consulting, general trading, and transportation solutions. Its scope also covers the production and distribution of dairy products and the oversight of industrial estates. Founded in 1982, PT Indofood CBP Sukses Makmur Tbk is headquartered in Jakarta, Indonesia, and operates as a subsidiary of PT Indofood Sukses Makmur Tbk.

Market snapshot

Symbol
PIFFY
Price
$7.41
Day change
0.00%
Market cap
$78.1T
P/E ratio
8.55x
52-week range
7.41-14.5
Sector
Consumer Defensive
Industry
Packaged Foods

Peer companies

  • AAK AB (publ.) (ARHUF)
  • China Feihe Limited (CFEIY)
  • China Mengniu Dairy Company Limited (CIADF)
  • Gruma, S.A.B. de C.V. (GPAGF)
  • Kikkoman Corporation (KIKOY)
  • Lotus Bakeries N.V. (LOTBY)
  • Nissin Foods Holdings Co.,Ltd. (NFPDF)
  • Tingyi (Cayman Islands) Holding Corp. (TCYMF)

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