PT Blue Bird Tbk

bird

Overview

BIRD Overview

PT Blue Bird Tbk is an Indonesia-based company that is engaged in passenger transportation and land transportation services comprised of taxi, limousine, car rental and bus charter. The Company's segments include taxi and non-taxi. It provides regular taxi service under the name of Bluebird and Pusaka. The Company's Bluebird Kirim service is a logistics delivery service using its fleets spread across 16 regions. It operates executive taxis under the Silverbird brand. The Company, through PT Pusaka Prima Transport, provides vehicle rental services, namely short-term rental, such as hourly, daily, pickup and drop-off, and long-term contract rental, which spreads across 20 locations. The Company, through PT Big Bird Pusaka, operates bus rental services spread across eight locations. The Company, through PT Trans Antar Nusabird, provides inter-city passenger land transportation services under the Cititrans brand. It also provides car advertising and corporate solutions.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BIRD

Main
Market Cap.
IDR 4.40Trillion

~$277.68M USD

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

Valuation

BIRD Valuation Metrics

1,760

IDR

Closing Price on 2024-04-05

Price to Equity

9.47

P/E

At 9.47x P/E TTM, BIRD.JK is trading at a premium to its peers in the Transportation sector (avg 6.2x).

Price to Book

0.81

P/B

At 0.81x P/B TTM, BIRD.JK is trading at a premium to its peers in the Transportation sector (avg 0.7x).

Price to Sales

1.02

P/S

At 1.02x P/S TTM, BIRD.JK is trading at a premium to its peers in the Transportation sector (avg 0.5x).

Valuing PT Blue Bird 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 PT Blue Bird Tbk relative to other stocks in the Transportation sector

Price/Cash Flow
4.02x
Price/Forward Earnings
8.48x
Enterprise Value/Revenue
1.02x
Enterprise Value/EBITDA
6.25x
PEG Ratio
-1.67x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,7602024-04-05
IDR 1,204.03

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BIRD is IDR1,204, which is 31% lower than BIRD's last closing price of IDR1,760 (as of 2024-04-05).

Valuation Recap of BIRD 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 9.47x 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 BIRD.
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 0.81x is similar to the peers average of 0.68x 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 1.02x 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 BIRD's valuation relative to its current sales and future earnings growth. BIRD trades at a Forward P/E ratio of 8.48x, which is considered fairly undervalued 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. BIRD's P/CF ratio of 4.02x 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. BIRD's EV/R ratio of 1.02x 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 BIRD is IDR 1,204.03, which is 31% lower than BIRD's last closing price of IDR 1,760.00.
Max 3

Peers

BIRD 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 BIRD stock
WeightNotesScore
High
At a market cap of IDR 4,403.70 billion, BIRD.JK ranks 3 in Market Cap out of 10 companies in the Transportation & Logistic sector.
Max 2
High
At a PE of 9.47, BIRD.JK ranks 5 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. In this regard, it trails behind sector leaders such as Adi Sarana Armada Tbk (33.86) in the Transportation & Logistic sector.
Max 2
Medium
At a PE of 9.47, BIRD.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 4.31 trillion, BIRD.JK ranks 7 in Revenue out of 10 companies in the Transportation & Logistic sector.
Max 2
Medium
At a profit of IDR 0.47 trillion, BIRD.JK ranks 3 in Profit out of 10 companies in the Transportation & Logistic sector.
Max 2

Future

Future Growth of BIRD

Growth Forecasts

BIRD 2024 Revenue Growth
+38.2%
BIRD 2024 EPS Growth
+50.1%
Sector Revenue Growth
-30.9%
Transportation
Indonesia Market Growth
+12.0%
IDX overall growth
Transportation Sector Revenue Growth '24
+38.2%
Transportation & Logistic Sector Revenue Growth '24
+38.2%

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

BIRD Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BIRD
WeightNotesScore
High
BIRD'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 BIRD'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 BIRD's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BIRD 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 BIRD's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Adrianto Djokosoetono15.2 years

Vice President Director

Sigit Priawan Djokosoetono15.4 years
Irawaty Salim
Director
NamePositionShares%
Adrianto Djokosoetono, St, MbaDirector132,132,8165.3
Bayu Priawan Djokosoetono, Se, MbmCommissioner9,880,1820.4
Dr. Sri Adriyani Lestari Commissioner62,560,0002.5
Ir. Kresna Priawan Djokosoetono, MbmCommissioner154,450,0006.2
Ir. Sigit Priawan Djokosoetono, MbaDirector149,951,3006
Expressed in millions IDR, unless otherwise stated

Ownership

BIRD Ownership

Others
24.1%
Insiders
74.12%
Institutions
1.78%
NameNumber of SharesOwnership (%)Value
Pt Pusaka Citra Djokosoetono709,857,97928.31,249.35B
Public (Scripless)652,744,72326.11,148.83B
Dr. Purnomo Prawiro285,068,30011.4501.72B
Ir. Kresna Priawan Djokosoetono, Mbm154,450,0006.2271.83B
Ir. Sigit Priawan Djokosoetono, Mba149,951,3006263.91B
Indra Priawan Djokosoetono 145,744,7005.8256.51B
Adrianto Djokosoetono, St, Mba132,132,8165.3232.55B
Dr (Hc) Noni Sri Ayati Purnomo, B. Eng., Mba120,810,0004.8212.63B
Dr. Sri Adriyani Lestari 62,560,0002.5110.11B
Pt Chandra Investama39,450,0001.669.43B
Pt Purnomo Investama39,450,0001.669.43B
Bayu Priawan Djokosoetono, Se, Mbm9,880,1820.417.39B

Largest Institutional Buy

Manulife Investment Management (Hong Kong) Limited
Bought 31-01-2024
+2,469,100 shares
NN Investment Partners (Japan) Co Ltd
Bought 31-01-2024
+1,322,100 shares
RAM Active Investments SA
Bought 31-01-2024
+985,310 shares

Largest Institutional Sell

Evli
Sold 31-01-2024
-16,449,200 shares
FIL Fund Management Limited
Sold 31-01-2024
-2,144,137 shares
Principal Asset Management Berhad
Sold 31-01-2024
-1,578,900 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BIRD stock