PT GoTo Gojek Tokopedia Tbk

goto

Overview

GOTO Overview

PT GoTo Gojek Tokopedia Tbk is an Indonesia-based company, which offers digital ecosystem. The Company is engaged in the business of holding company, other management consulting activities, software publishing, organizing trade transactions through electronic systems, advertising, and data management. It operates through five segments, namely on-demand services, e-commerce, financial technology, logistics, and all other segments. It owns Gojek platform that connects drivers-partners, merchants, and users. It also owns Tokopedia platform that is a marketplace that connects drivers-partners, merchants, users, and logistic service providers. Its merchants include sellers of foods and beverages, physical goods, digital goods and services providers that transact in the Company's platforms through Tokopedia, GoFood, and GoMart. Gojek platform also enables the drivers-partners to provide transportation and delivery services to the users through GoRide, GoCar, GoBluebird, GoSend, and GoBox.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: GOTO

New Economy
Market Cap.
IDR 72.80Trillion
#25 in Indonesia

~$4.59B USD

Industry
Online Applications & Services
Sub-Industry
Online Applications & Services
Sector
Technology

Valuation

GOTO Valuation Metrics

68

IDR

Closing Price on 2024-04-05

Price to Equity

-2.53

P/E

At -2.53x P/E TTM, GOTO.JK is trading at a discount to its peers in the Software & IT Services sector.

Price to Book

0.62

P/B

At 0.62x P/B TTM, GOTO.JK is trading at a discount to its peers in the Software & IT Services sector.

Price to Sales

5.24

P/S

At 5.24x P/S TTM, GOTO.JK is trading at a premium to its peers in the Software & IT Services sector (avg 0.8x).

Valuing PT GoTo Gojek Tokopedia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Software & IT Services sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT GoTo Gojek Tokopedia Tbk relative to other stocks in the Software & IT Services sector

Price/Cash Flow
-9.61x
Price/Forward Earnings
-12.78x
Enterprise Value/Revenue
3.57x
Enterprise Value/EBITDA
-1.87x
PEG Ratio
-0.04x

Analyst Ratings

40
60
80
0
100

77.5

Undervalued

Fairly Valued

Overvalued

Valuation Recap of GOTO 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 -2.53x is below the ID market average of 8.22x and is trading at a discount to peers in the Software & IT Services sector (6.32x). ●●
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 0.62x is below the peers average of 1.74x in the Software & IT Services sector. In fact, less than 25% of its peers trade at a lower P/B ratio than GOTO.●●
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 5.24x is above the peers average of 0.75x in the Software & IT Services sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of GOTO's valuation relative to its current sales and future earnings growth. GOTO trades at a Forward P/E ratio of -12.78x, 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. GOTO's P/CF ratio of -9.61x 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. GOTO's EV/R ratio of 3.57x is considered a relatively high ratio The average EV/R ratio for the Software & IT Services sector is 0.74x.
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Peers

GOTO 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
DCIIPT DCI Indonesia Tbk83.43T3.56T 1.25T 0.48T 172.2842.66
GOTOPT GoTo Gojek Tokopedia Tbk72.80T132.04T 13.89T -28.80T -2.530.62
BELIPT Global Digital Niaga Tbk58.89T12.38T 15.01T -4.04T -14.577.66
EMTKElang Mahkota Teknologi Tbk26.26T43.11T 11.25T -0.26T -99.720.74
BUKAPT Bukalapak.com Tbk15.35T26.65T 4.37T -2.42T -6.350.59
EDGEPT Indointernet Tbk.8.83T2.37T 0.91T 0.25T 36.026.37
MTDLMetrodata Electronics Tbk7.30T9.50T 20.92T 0.61T 11.962.12
MSTIPT Mastersystem Infotama Tbk.4.77T0.00T 0.00T 0.00T
MLPTPT Multipolar Technology Tbk.2.78T2.96T 3.27T 0.35T 7.914.37
CHIPPT Pelita Teknologi Global Tbk1.93T0.11T 0.00T 0.00T 32.18
Competitiveness Recap of GOTO stock
WeightNotesScore
High
At a market cap of IDR 72,798.08 billion, GOTO.JK ranks 2 in Market Cap out of 10 companies in the Technology sector.●●
Max 2
High
At a PE of -2.53, GOTO.JK ranks 7 out of 10 companies in the Technology sector for P/E value. The average PE is 10.50 (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 Technology. In this regard, it trails behind sector leaders such as PT DCI Indonesia Tbk (172.28) in the Technology sector.
Max 2
Medium
At a PE of -2.53, GOTO.JK is trading at a lower PE than that of its subsector peers in Software & IT Services (median of 6.32). 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 13.89 trillion, GOTO.JK ranks 3 in Revenue out of 10 companies in the Technology sector.
Max 2
Medium
At a profit of -IDR 28.80 trillion, GOTO.JK ranks 10 in Profit out of 10 companies in the Technology sector.
Max 2

Future

Future Growth of GOTO

Growth Forecasts

GOTO 2024 Revenue Growth
+93.4%
GOTO 2024 EPS Growth
-85.9%
Sector Revenue Growth
+34.7%
Software & IT Services
Indonesia Market Growth
+12.0%
IDX overall growth
Software & IT Services Sector Revenue Growth '24
+69.4%
Technology Sector Revenue Growth '24
+67.2%

Sector Benchmark

Software & IT Services companies in Indonesia are growing at a projected rate of 34.66% against the IDX average of +12.0%.

Software & IT Services sector overview

GOTO Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of GOTO
WeightNotesScore
High
GOTO's projected growth rate of 34.66% is above the ID market average of 11.98%.●●●
Max 3
High
The Software & IT Services sub-sector is projected to grow revenue by 69.41% in 2024. This number is higher than the previous year 2023's growth rate of 35.38%. This bodes well for GOTO's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Software & IT Services sub-sector is projected to decrease earnings by -82.79% in 2024. This number is lower than the previous year 2023's EPS growth of -81.82%. false
Max 3
Medium
GOTO and its peers in the Software & IT Services sub-sector belongs to the Technology sector. Companies in the Technology sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by -82.79% in 2024 while revenue growth is projected to increase by 67.17%. These macroeconomic trends will likely be a headwind for GOTO's earnings growth prospects in the next 2 years.
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Management

Executive Management

President Director

Sugito Walujo15.2 years

Vice President Director

Thomas K. Husted15.4 years
Wei-Jye Jacky Lo
Director
Melissa Siska Juminto
Director
Hans Patuwo
Director
Catherine Hindra Sutjahyo
Director
Nila Marita
Director
Pablo Malay
Director
NamePositionShares%
Andre SoelistyoCommissioner9,981,555,2840.83
Catherine Hindra SutjahyoDirector493,717,6920.04
Garibaldi ThohirCommissioner1,054,287,4870.09
Hans PatuwoDirector574,829,5330.05
Melissa Siska JumintoDirector5,080,650,4220.42
Pablo MalayDirector181,375,2170.02
Sugito WalujoPresident Director211,070,0000.02
Wei-Jye Jacky LoDirector503,793,2760.04
William TanuwijayaCommissioner20,649,458,9731.72
Expressed in millions IDR, unless otherwise stated

Ownership

GOTO Ownership

Others
64.92%
Insiders
28.49%
Institutions
6.59%
NameNumber of SharesOwnership (%)Value
Public (Scripless)850,976,403,92170.8357,866.40B
Taobao China Holding Limited104,731,124,9938.727,121.72B
Svf Gt Subco (Singapore) Pte. Ltd.91,559,809,0287.626,226.07B
Goto Peopleverse Fund68,482,867,2205.74,656.83B
Pt Saham Anak Bangsa26,888,988,8412.241,828.45B
William Tanuwijaya20,649,458,9731.721,404.16B
Treasury Stock10,264,665,6160.85698.00B
Andre Soelistyo9,981,555,2840.83678.75B
Kevin Bryan Aluwi6,916,165,5860.57470.30B
Melissa Siska Juminto5,080,650,4220.42345.48B
Public (Scrip)2,858,899,7470.24194.41B
Garibaldi Thohir1,054,287,4870.0971.69B
Hans Patuwo574,829,5330.0539.09B
Catherine Hindra Sutjahyo493,717,6920.0433.57B
Wei-Jye Jacky Lo503,793,2760.0434.26B
Pablo Malay181,375,2170.0212.33B
Sugito Walujo211,070,0000.0214.35B

Largest Institutional Buy

HSBC Global Asset Management (UK) Ltd
Bought 31-12-2023
+608,038,514 shares
State Street Global Advisors
Bought 31-12-2023
+493,912,619 shares
Templeton Asset Management Ltd.
Bought 31-12-2023
+464,491,100 shares

Largest Institutional Sell

No data is available for GOTO at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of GOTO stock