Cardig Aero Services Tbk

cass

Overview

CASS Overview

PT Cardig Aero Services Tbk is an Indonesia-based holding company. The Company, through its subsidiaries, engaged in air transportation support services, catering, facility management and flight training. The Company operates through five divisions: ground and cargo handling service, aircraft release and maintenance services, catering service, and aviation training service. Its ground and cargo handling service include passenger handling including baggage and aircraft handling, ground support equipment usage, operation of business class lounge, and special assistance services. Its aircraft release and maintenance service consist of repair and maintenance service for air transportation vehicles. Its catering services includes food and catering services conducted at customer locations. Its aviation training includes training facility services to provide flight simulators to aircraft pilot and other training services.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: CASS

Main
Market Cap.
IDR 2.49Trillion

~$158.72M USD

Industry
Transport Infrastructure Operator
Sub-Industry
Airport Operators
Sector
Infrastructures

Valuation

CASS Valuation Metrics

1,195

IDR

Closing Price on 2024-04-05

Price to Equity

13.66

P/E

At 13.66x P/E TTM, CASS.JK is trading at a premium to its peers in the Transportation Infrastructure sector (avg 7.7x).

Price to Book

3.81

P/B

At 3.81x P/B TTM, CASS.JK is trading at a premium to its peers in the Transportation Infrastructure sector (avg 1.2x).

Price to Sales

1.19

P/S

At 1.19x P/S TTM, CASS.JK is trading at a discount to its peers in the Transportation Infrastructure sector.

Valuing Cardig Aero Services Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Transportation Infrastructure sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Cardig Aero Services Tbk relative to other stocks in the Transportation Infrastructure sector

Price/Cash Flow
6.77x
Price/Forward Earnings
-
Enterprise Value/Revenue
1.09x
Enterprise Value/EBITDA
4.28x
PEG Ratio
0.21x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1,1952024-04-05
IDR 461.14

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of CASS is IDR461, which is 60% lower than CASS's last closing price of IDR1,195 (as of 2024-04-05).

Valuation Recap of CASS 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 13.66x is above the ID market average of 8.22x and is trading at a premium to peers in the Transportation Infrastructure sector (7.74x). In fact, less than 25% of its peers trade at a higher P/E ratio than CASS.
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 3.81x is above the peers average of 1.18x in the Transportation Infrastructure sector. CASS trades at a higher P/B ratio than >75% of its peers in the Transportation Infrastructure 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 1.19x is below the peers average of 1.70x in the Transportation Infrastructure sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of CASS'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. CASS's P/CF ratio of 6.77x 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. CASS's EV/R ratio of 1.09x is considered extremely underpriced by the market The average EV/R ratio for the Transportation Infrastructure sector is 1.73x. ●●●
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of CASS is IDR 461.14, which is 60% lower than CASS's last closing price of IDR 1,195.00.
Max 3

Peers

CASS 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
BRENPT Barito Renewables Energy Tbk.926.47T0.00T 0.00T 0.00T
TLKMPT Telkom Indonesia (Persero) Tbk339.78T276.21T 149.67T 23.67T 14.352.60
ISATPT Indosat Tbk90.71T112.21T 49.68T 3.82T 23.733.12
MTELPT Dayamitra Telekomunikasi Tbk52.05T56.35T 8.40T 1.99T 26.171.56
PGEOPT Pertamina Geothermal Energy Tbk49.37T43.54T 6.20T 2.25T 21.911.72
SUPRSolusi Tunas Pratama Tbk45.39T9.47T 1.88T 0.97T 47.028.49
TOWRSarana Menara Nusantara Tbk42.58T68.22T 11.65T 3.31T 12.872.67
TBIGPT Tower Bersama Infrastructure Tbk42.33T43.76T 6.56T 1.53T 27.613.98
JSMRPT Jasa Marga Tbk39.92T124.90T 18.94T 7.71T 5.171.47
CMNPCitra Marga Nusaphala Persada Tbk8.59T21.94T 4.45T 1.11T 7.740.76
Competitiveness Recap of CASS stock
WeightNotesScore
High
At a market cap of IDR 2,493.91 billion, CASS.JK ranks 10 in Market Cap out of 10 companies in the Infrastructures sector.
Max 2
High
At a PE of 13.66, CASS.JK ranks 7 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 19.25 (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 Infrastructures. In this regard, it trails behind sector leaders such as Solusi Tunas Pratama Tbk (47.02) in the Infrastructures sector.
Max 2
Medium
At a PE of 13.66, CASS.JK is trading at a higher PE than that of its subsector peers in Transportation Infrastructure (median of 7.74). false●●
Max 2
Medium
At a revenue of IDR 2.09 trillion, CASS.JK ranks 8 in Revenue out of 10 companies in the Infrastructures sector.
Max 2
Medium
At a profit of IDR 0.18 trillion, CASS.JK ranks 9 in Profit out of 10 companies in the Infrastructures sector.
Max 2

Future

Future Growth of CASS

Growth Forecasts

No data available

Sector Benchmark

Transportation Infrastructure companies in Indonesia are growing at a projected rate of 6.13% against the IDX average of +12.0%.

Transportation Infrastructure sector overview
No data is available for CASS at the moment.
Future growth prospect of CASS
WeightNotesScore
High
CASS's projected growth rate of 6.13% is below the ID market average of 11.98%.●●●
Max 3
High
The Transportation Infrastructure sub-sector is projected to grow revenue by 6.13% in 2024. This number is higher than the previous year 2023's growth rate of -7.19%. false
Max 3
Medium
The Transportation Infrastructure sub-sector is projected to increase earnings by 9.25% in 2024. This number is higher than the previous year 2023's EPS growth of -19.68%. This bodes well for CASS's earnings growth prospects in the next 2 years. ●●
Max 3
Medium
CASS and its peers in the Transportation Infrastructure sub-sector belongs to the Infrastructures sector. Companies in the Infrastructures sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 25.05% in 2024 while revenue growth is projected to increase by 11.23%. These macroeconomic trends will likely be a tailwind for CASS's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Nazri Bin Othman15.2 years
R. Aj. Widianawati
Director
Sutji Relowati Rahardjo
Director
NamePositionShares%
Raj. WidianawatiDirector2,400,0000.11
Expressed in millions IDR, unless otherwise stated

Ownership

CASS Ownership

Others
15.4%
Insiders
82.91%
Institutions
1.69%
NameNumber of SharesOwnership (%)Value
Pt Cardig Asset Management492,127,26823.58588.09B
Sats Investment (Ii) Pte Ltd451,830,80021.65539.94B
Cemerlang Pte Ltd417,390,00020498.78B
Pt Dinamika Raya Swarna366,587,03217.57438.07B
Public (Scripless)356,614,90017.09426.15B
Raj. Widianawati2,400,0000.112.87B

Largest Institutional Buy

JOM Rahastoyhtiö Oy/ Fund Management Ltd
Bought 31-01-2024
+4,867,200 shares

Largest Institutional Sell

FIL Fund Management Limited
Sold 31-01-2024
-10,289,336 shares
Azimut Capital Management SGR S.p.A.
Sold 31-01-2024
-260,052 shares
FIL Investments International
Sold 31-01-2024
-28,089 shares

Institutional Transactions

Tracking institutional transactions buying / selling of CASS stock