PT Charoen Pokphand Indonesia Tbk — Cyborg Score 7/10
Strong
Poultry & Animal Feed Manufacturing
Strategic Profile
The company has the largest broiler production in the nation with a ~40% market share and is the single largest domestic grandparent stock (GPS) quota holder, lending economics of scale and flexibility into its operations. The company is forecasting lower feed segment contribution and increased exposure in broiler to 40-41% respectively, mainly driven by strong quarterly earnings backed by higher broiler contribution.
Cyborg Score Rationale
CPIN holds market leadership across poultry feed, DOC, broilers, and processed chicken segments with strong established brands. As of 9M25, results beat previous earnings estimates, driven by higher broiler contributions and margin improvement. The company faces commodity price volatility exposure but maintains strong operational execution and strategic diversification.
Top Insights
Feed segment expected to decline to 64-70% of EBIT while broiler exposure rises to 40-41%, reducing commodity price sensitivity
Partnership with ~12k broiler contract farmers and BISI International supply agreements provide competitive advantages and pricing power pass-through capabilities
Demand stability supported by government free meal programme providing 5-7% additional demand cushion and broiler price support
Analyst consensus is "Buy" with 6 of 8 analysts recommending purchase and 26% upside potential to IDR5,420 price target