Adi Sarana Armada Tbk

assa

Overview

ASSA Overview

PT Adi Sarana Armada Tbk is an Indonesia-based transportation service company. The Company provides corporate car rental and transportation solutions, logistics, driver services, automotive auction, car sharing, online vehicle trading and parcel delivery services. The Company operates through six segments: Vehicle lease, Auto pool and driver; Sale of used vehicle; Logistics; Express; Auction, and Others. The Company’s line of business includes ASSA Rent, ASSA Logistics, ASSA Driver Services, JBA Indonesia, Share Car, Caroline, and AnterAja. Through Assa Rent, the Company offers vehicle rental services consisting of various types of duration, both short and long term, for personal and family affairs. Its ASSA Logistics provides logistics transportation services, ranging from rental of box cars, trucks, blind vans, and others with a well-managed distribution management specialty. Its ASSA Driver Services, which provides professional, reliable, and trained drivers.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ASSA

Main
Market Cap.
IDR 3.05Trillion

~$192.18M USD

Industry
Passenger Land Transportation
Sub-Industry
Road Transportation
Sector
Transportation & Logistic
Sub-Sector

Valuation

ASSA Valuation Metrics

810

IDR

Closing Price on 2024-04-05

Price to Equity

33.86

P/E

At 33.86x P/E TTM, ASSA.JK is trading at a premium to its peers in the Transportation sector (avg 6.2x).

Price to Book

1.64

P/B

At 1.64x P/B TTM, ASSA.JK is trading at a premium to its peers in the Transportation sector (avg 0.7x).

Price to Sales

0.65

P/S

At 0.65x P/S TTM, ASSA.JK is trading at a premium to its peers in the Transportation sector (avg 0.5x).

Valuing Adi Sarana Armada Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Transportation sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Adi Sarana Armada Tbk relative to other stocks in the Transportation sector

Price/Cash Flow
30.64x
Price/Forward Earnings
19.78x
Enterprise Value/Revenue
1.29x
Enterprise Value/EBITDA
16.59x
PEG Ratio
0.17x

Analyst Ratings

40
60
80
0
100

50.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR8102024-04-05
IDR 317.68

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of ASSA is IDR318, which is 60% lower than ASSA's last closing price of IDR810 (as of 2024-04-05).

Valuation Recap of ASSA 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 33.86x is above the ID market average of 8.22x and is trading at a premium to peers in the Transportation sector (6.17x). In fact, less than 25% of its peers trade at a higher P/E ratio than ASSA.
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 1.64x is above the peers average of 0.68x in the Transportation sector. ASSA trades at a higher P/B ratio than >75% of its peers in the Transportation sector.
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 0.65x is similar to the peers average of 0.55x in the Transportation sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ASSA's valuation relative to its current sales and future earnings growth. ASSA trades at a Forward P/E ratio of 19.78x, which is considered richly valued by analysts.
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. ASSA's P/CF ratio of 30.64x is considered a relatively high ratio 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. ASSA's EV/R ratio of 1.29x is considered extremely underpriced by the market The average EV/R ratio for the Transportation sector is 1.29x. ●●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of ASSA is IDR 317.68, which is 60% lower than ASSA's last closing price of IDR 810.00.
Max 3

Peers

ASSA Peers and Comparison

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
TMASPT Temas Tbk.9.61T4.00T 4.43T 0.98T 9.854.06
SMDRSamudera Indonesia Tbk5.21T18.77T 13.33T 1.60T 3.260.71
BIRDPT Blue Bird Tbk4.40T7.38T 4.31T 0.47T 9.470.81
ASSAAdi Sarana Armada Tbk3.05T7.25T 4.70T 0.09T 33.861.64
IMJSPT Indomobil Multi Jasa Tbk.2.34T28.06T 5.06T 0.12T 19.770.58
ELPIPT Pelayaran Nasional Ekalya Purnamasari Tbk2.11T2.32T 0.96T 0.17T 12.121.19
GIAAGaruda Indonesia (Persero) Tbk1.72T95.37T 43.17T -0.50T -3.46-0.07
HATMPT Habco Trans Maritima Tbk1.57T0.96T 0.50T 0.18T 8.651.95
NELYPelayaran Nelly Dwi Putri Tbk1.23T0.80T 0.49T 0.23T 5.391.73
Competitiveness Recap of ASSA stock
WeightNotesScore
High
At a market cap of IDR 3,047.69 billion, ASSA.JK ranks 4 in Market Cap out of 10 companies in the Transportation & Logistic sector.
Max 2
High
At a PE of 33.86, ASSA.JK ranks 1 out of 10 companies in the Transportation & Logistic sector for P/E value. The average PE is 9.82 (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 Transportation & Logistic. false●●
Max 2
Medium
At a PE of 33.86, ASSA.JK is trading at a higher PE than that of its subsector peers in Transportation (median of 6.17). false●●
Max 2
Medium
At a revenue of IDR 4.70 trillion, ASSA.JK ranks 5 in Revenue out of 10 companies in the Transportation & Logistic sector.
Max 2
Medium
At a profit of IDR 0.09 trillion, ASSA.JK ranks 8 in Profit out of 10 companies in the Transportation & Logistic sector.
Max 2

Future

Future Growth of ASSA

Growth Forecasts

No data available

Sector Benchmark

Transportation companies in Indonesia are shrinking at a projected rate of -30.92% against the IDX average of +12.0%.

Transportation sector overview
No data is available for ASSA at the moment.
Future growth prospect of ASSA
WeightNotesScore
High
ASSA's projected growth rate of -30.92% is below the ID market average of 11.98%.●●●
Max 3
High
The Transportation sub-sector is projected to grow revenue by 38.16% in 2024. This number is higher than the previous year 2023's growth rate of -14.86%. This bodes well for ASSA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Transportation sub-sector is projected to increase earnings by 50.12% in 2024. This number is higher than the previous year 2023's EPS growth of 36.15%. This bodes well for ASSA's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
ASSA and its peers in the Transportation sub-sector belongs to the Transportation & Logistic sector. Companies in the Transportation & Logistic sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 50.12% in 2024 while revenue growth is projected to increase by 38.16%. These macroeconomic trends will likely be a tailwind for ASSA's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Drs. Prodjo Sunarjanto Sekar Pantjawati15.2 years
Jerry Fandy Tunjungan
Director
Jany Candra
Director
Tjoeng Suyanto
Director
NamePositionShares%
Drs Prodjo Sunarjanto SpDirector341,938,3009.26
Expressed in millions IDR, unless otherwise stated

Ownership

ASSA Ownership

Others
21.08%
Insiders
75.23%
Institutions
3.69%
NameNumber of SharesOwnership (%)Value
Public1,660,822,517451,345.27B
Pt Adi Dinamika Investindo851,951,10023.08690.08B
Pt Daya Adicipta Mustika651,400,00017.65527.63B
Drs Prodjo Sunarjanto Sp341,938,3009.26276.97B
Credit Suisse Ag, Singapore Branch Trust Account Clients185,025,6005.01149.87B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+1,309,553 shares
Dimensional Fund Advisors LP
Bought 31-01-2024
+224,100 shares

Largest Institutional Sell

Driehaus Capital Management LLC
Sold 31-01-2024
-8,357,300 shares
BlackRock Fund Advisors
Sold 31-01-2024
-4,330,400 shares
Northern Trust Investments Inc
Sold 31-01-2024
-3,230,516 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ASSA stock