Apexindo Pratama Duta Tbk

apex

Overview

APEX Overview

PT Apexindo Pratama Duta Tbk is an Indonesia-based drilling services contracting company. The Company operates through two segments: Offshore Drilling Services and Onshore drilling services. The Company provides drilling contracts with offshore and onshore drilling capacity for exploration and production companies in Indonesia oil and gas, geothermal and coal bed methane industries. It provides drilling equipment and services to offshore drillings rigs in East Kalimantan, Indonesia for both submersible swamp barge rigs, which include Maera, Raisis, Raissa, and Yani rigs, and jack up rigs, which consist of Soehanah and Raniworo rigs. Its onshore rigs include rig2, rig4, rig5, rig9, rig10, and rig14. The Company's subsidiaries include Apexindo Netherlands B.V., Ocean Peak Holding B.V., and others.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: APEX

Main
Market Cap.
IDR 495.61Billion

~$31.25M USD

Industry
Oil, Gas & Coal Supports
Sub-Industry
Oil & Gas Drilling Service
Sector
Energy
Sub-Sector

Valuation

APEX Valuation Metrics

168

IDR

Closing Price on 2024-04-05

Price to Equity

-115.03

P/E

At -115.03x P/E TTM, APEX.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Book

0.47

P/B

At 0.47x P/B TTM, APEX.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Sales

0.52

P/S

At 0.52x P/S TTM, APEX.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Valuing Apexindo Pratama Duta Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Oil, Gas & Coal sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Apexindo Pratama Duta Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
4.51x
Price/Forward Earnings
-
Enterprise Value/Revenue
2.34x
Enterprise Value/EBITDA
48.67x
PEG Ratio
-1.16x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of APEX stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of -115.03x is below the ID market average of 8.22x and is trading at a discount to peers in the Oil, Gas & Coal sector (7.09x). In fact, less than 25% of its peers trade at a lower P/E ratio than APEX.●●●
Max 3
High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 0.47x is below the peers average of 1.05x in the Oil, Gas & Coal sector. In fact, less than 25% of its peers trade at a lower P/B ratio than APEX.●●
Max 3
Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 0.52x is similar to the peers average of 0.90x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of APEX's valuation relative to its current sales and future earnings growth.
Max 2
Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. APEX's P/CF ratio of 4.51x is considered healthy by analysts.●●
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. APEX's EV/R ratio of 2.34x is considered fairly underpriced by the market The average EV/R ratio for the Oil, Gas & Coal sector is 1.12x.
Max 3

Peers

APEX Peers and Comparison

Market Cap.

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
BYANBayan Resources Tbk626.67T43.87T 62.77T 22.30T 28.1019.61
DSSADian Swastatika Sentosa Tbk94.78T40.07T 89.83T 9.49T 9.984.81
ADROAdaro Energy Indonesia Tbk83.38T161.04T 109.47T 27.61T 3.020.79
CUANPT Petrindo Jaya Kreasi Tbk60.99T2.29T 1.76T 0.45T 135.4837.27
ADMRPT Adaro Minerals Indonesia Tbk54.78T23.52T 14.69T 4.55T 12.044.50
MEDCPT Medco Energi Internasional Tbk39.59T105.87T 33.17T 5.71T 6.931.43
TCPIPT Transcoal Pacific Tbk.39.27T3.12T 1.76T 0.12T 326.3624.60
GEMSGolden Energy Mines Tbk35.29T17.80T 44.42T 9.04T 3.903.72
AKRAPT AKR Corporindo Tbk.34.24T28.81T 42.94T 2.55T 13.433.20
HILLPT Hillcon Tbk5.69T4.52T 3.50T 0.30T 18.963.87
Competitiveness Recap of APEX stock
WeightNotesScore
High
At a market cap of IDR 495.61 billion, APEX.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.
Max 2
High
At a PE of -115.03, APEX.JK ranks 10 out of 10 companies in the Energy sector for P/E value. The average PE is 42.42 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Energy. In this regard, it trails behind sector leaders such as PT Transcoal Pacific Tbk. (326.36) in the Energy sector.
Max 2
Medium
At a PE of -115.03, APEX.JK is trading at a lower PE than that of its subsector peers in Oil, Gas & Coal (median of 7.09). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 0.96 trillion, APEX.JK ranks 10 in Revenue out of 10 companies in the Energy sector.
Max 2
Medium
At a profit of -IDR 0.00 trillion, APEX.JK ranks 10 in Profit out of 10 companies in the Energy sector.
Max 2

Future

Future Growth of APEX

Growth Forecasts

No data available

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.58% against the IDX average of +12.0%.

Oil, Gas & Coal sector overview
No data is available for APEX at the moment.
Future growth prospect of APEX
WeightNotesScore
High
APEX's projected growth rate of -9.58% is below the ID market average of 11.98%.●●●
Max 3
High
The Oil, Gas & Coal sub-sector is projected to shrink revenue by -19.64% in 2024. This number is lower than the previous year 2023's growth rate of -16.23%. false
Max 3
Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -42.00% in 2024. This number is lower than the previous year 2023's EPS growth of -35.74%. false
Max 3
Medium
APEX and its peers in the Oil, Gas & Coal sub-sector belongs to the Energy sector. Companies in the Energy sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by -42.00% in 2024 while revenue growth is projected to decrease by -19.64%. These macroeconomic trends will likely be a headwind for APEX's earnings growth prospects in the next 2 years.
Max 3
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Management

Executive Management

President Director

Zainal Abidinsyah Siregar15.2 years

Vice President Director

Erwin Sutanto15.4 years
Donald Kent Wood
Director
Mahar Atanta Sembiring
Director
NamePositionShares%
Eka Dharmajanto KasihCommissioner28,551,5601.01
Erwin SutantoVice President Director24,876< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

APEX Ownership

Others
18.15%
Insiders
81.85%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Aserra Capital1,897,730,67767.06318.82B
Public (Scripless)604,796,31821.37101.61B
Standard Chartered Bank Singapore S/A Augusta Investments I Pte.Ltd. Id134190500001220,767,5507.837.09B
Public (Scrip)77,713,6722.7513.06B
Eka Dharmajanto Kasih28,551,5601.014.80B
Treasury Stock420,3440.010.07B
No data is available for APEX at the moment.