Stock Valuation and Business Performance of PT Indofood Cbp Sukses Makmur Tbk Amidst Wheat Price Volatility During The Russia-Ukraine Crisis

The Russia-Ukraine Crisis in 2022 adversely affected the business performance of PT Indofood CBP Sukses Makmur Tbk (ICBP), largest noodle manufacturer Indonesia, due to volatile wheat prices. During Q2, ICBP witnessed a 16% growth net revenue but substantial 40.1% decline profit, primarily attributed escalating commodity This negative trend persisted Q3, resulting significant 33.4% decrease profit despite increased sales. Consequently, ICBP’s stock price experienced decline. In this context, conducting comprehensive fundamental analysis that integrates various macroeconomic factors is crucial evaluate company’s valuation. study aims determine valuation amidst volatility during crisis. employs multiple approaches, including financial ratio analysis, intrinsic using free cash flow firm (FCFF), and relative employing price-earnings (P/E) enterprise value EBITDA (EV/EBITDA) ratios. suggests fair 13,806 Rupiah per share, while current share 10,000 indicating an undervaluation approximately 27.6%. Similarly, reveals undervalued compared industry peers based on P/E EV/EBITDA These findings indicate presently undervalued, presenting opportunity for future appreciation its price.