Elevator Pitch
The share price of Indonesia-listed poultry company PT Charoen Pokphand Indonesia Tbk (PPOKF) [CPIN:IJ] has been very volatile in the past year, which is correlated with poultry prices. The company's share price was at a one-year low of IDR4,260 on May 20, 2019 after hitting an all-time share price high of IDR8,600 on January 16, 2019. Charoen Pokphand Indonesia last closed at IDR7,350 as of January 9, 2020.
Charoen Pokphand Indonesia currently trades at 28.8 times consensus forward FY2020 P/E, versus the stock's historical five-year average forward P/E of approximately 22