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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
PT Malindo Feedmill Tbk (ISX:MAIN) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, PT Malindo Feedmill Tbk has a Sloan Ratio of 11.68%, indicating there is a warning stage of accrual build up.
PT Malindo Feedmill Tbk Sloan Ratio % Related Terms
PT Malindo Feedmill Tbk Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Packaged Foods subindustry, PT Malindo Feedmill Tbk's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PT Malindo Feedmill Tbk Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Malindo Feedmill Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Malindo Feedmill Tbk's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
PT Malindo Feedmill Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Malindo Feedmill Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 108675.919 (Sep. 2025 ) + 257969.147 (Dec. 2025 ) + 123274.73 (Mar. 2026 ) + -24381.955 (Jun. 2026 ) = Rp465,538 Mil.
PT Malindo Feedmill Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 238988.32 (Sep. 2025 ) + 309530.923 (Dec. 2025 ) + 332037.696 (Mar. 2026 ) + -477646.063 (Jun. 2026 ) = Rp402,911 Mil.
PT Malindo Feedmill Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -143245.815 (Sep. 2025 ) + -150225.997 (Dec. 2025 ) + -222858.581 (Mar. 2026 ) + -191332.274 (Jun. 2026 ) = Rp-707,663 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PT Malindo Feedmill Tbk (ISX:MAIN) has a Sloan Ratio % of 11.68% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Malindo Feedmill Tbk and its competitors.
Is PT Malindo Feedmill Tbk's Sloan Ratio % too high?
PT Malindo Feedmill Tbk's current Sloan Ratio % is 11.68%. Overall, PT Malindo Feedmill Tbk has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Malindo Feedmill Tbk's Sloan Ratio % compare to KHC and GIS?
PT Malindo Feedmill Tbk's Sloan Ratio % of 11.68% can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Malindo Feedmill Tbk and its competitors. PT Malindo Feedmill Tbk's current Sloan Ratio % is 11.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Malindo Feedmill Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Malindo Feedmill Tbk (ISX:MAIN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp822.92, compared to a current price of Rp690.00 — trading 16.2% below its estimated fair value. The current Sloan Ratio % is 11.68%. PT Malindo Feedmill Tbk's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For PT Malindo Feedmill Tbk (ISX:MAIN), the current Sloan Ratio % is 11.68% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PT Malindo Feedmill Tbk (ISX:MAIN) Overvalued in 2026?
Based on GuruFocus' analysis, PT Malindo Feedmill Tbk stock appears to be undervalued.
The current stock price of Rp690.00 is trading 16.2% below its estimated GF Value™ of Rp822.92.
GuruFocus considers PT Malindo Feedmill Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MAIN:
Sloan Ratio %: 11.68%
GF Value™: Rp822.92 vs. price of Rp690.00 (16.2% below fair value)
No single metric tells the full story. See the ISX:MAIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Malindo Feedmill Tbk is an Indonesian company engaged in the poultry feeds industry and day-old chicken farm. The company's chief business segments are the Feedmill segment, the Breeder segment, the Broiler segment, and the Food and Poultry Processing segment. It generates the majority of the revenue from the Feedmill segment, in which the company produces animal feed such as breeder feed, chicken broiler feed, chicken layer feed, swine feed, and other animal feed products. The company produces and markets Parent Stock and Day Old Chick in the Chicken breeding segment.
94GF Score
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