Island Concepts Indonesia Tbk

Overview

ICON Overview

PT Island Concepts Indonesia Tbk is an Indonesia-based hospitality services company. The Company's business activities are accommodation services, providing and renting rooms, cottages and spa facilities; catering services, providing food and drinks and so on for oil and mining companies operating in offshore and remote areas, and consulting services in the field of tourism, accommodation and catering. The Company operates through three segments, namely catering and maintenance services, accommodation services (Villa), and sale of house and lot and condotel. The Company has a subsidiary, PT Patra Supplies & Services, which is engaged in catering services and maintenance for urban facilities. The Company also has a subsidiary, PT Bhumi Lestari Makmur, with the scope of doing business in the fields of development, trade, services, transportation, industry, printing, workshops, agriculture and forestry. It provides Villa rental services in Seminyak, Bali.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ICON

Watchlist
Market Cap.
IDR 23.97Billion

~$1.47M USD

Industry
Commercial Services
Sub-Industry
Business Support Services
Sector
Industrials

Valuation

ICON Valuation Metrics

22

IDR
+10.0%

Closing Price on 2024-07-19

Price to Equity

-1.58

P/E

At -1.58x P/E TTM, ICON.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

0.15

P/B

At 0.15x P/B TTM, ICON.JK is trading at a discount to its peers in the Industrial Services sector.

Price to Sales

0.13

P/S

At 0.13x P/S TTM, ICON.JK is trading at a discount to its peers in the Industrial Services sector.

Valuing Island Concepts Indonesia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Industrial Services sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Island Concepts Indonesia Tbk relative to other stocks in the Industrial Services sector

Price/Cash Flow-2.33x
Price/Forward Earnings-
Enterprise Value/Revenue0.12x
Enterprise Value/EBITDA-1.56x
PEG Ratio-0.00x
Valuation Recap of ICON 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. Unfortunately, the P/E ratio for ICON is negative, commonly seen in companies that are still in the growth phase and have not yet turned a profit. Sometimes, negative P/E ratios can occur due to one-time write-offs or accounting adjustments that affect earnings temporarily. However, sustained negative earnings usually reflect ongoing operational losses.

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 0.15x is below the peers average of 0.84x in the Industrial Services sector. In fact, less than 25% of its peers trade at a lower P/B ratio than ICON.

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 0.13x is below the peers average of 0.82x in the Industrial Services sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ICON's valuation relative to its current sales and future earnings growth.

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. ICON's P/CF ratio of -2.33x is considered healthy by analysts.

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. ICON's EV/R ratio of 0.12x is considered extremely underpriced by the market. The average EV/R ratio for the Industrial Services sector is 0.67x.

Peers

ICON 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
ASIIAstra International Tbk183.39T460.03T 314.79T 32.58T 5.630.89
UNTRUnited Tractors Tbk88.43T161.43T 126.11T 19.84T 4.461.04
IMPCPT Impack Pratama Industri Tbk18.99T3.78T 2.86T 0.46T 41.447.85
HEXAHexindo Adiperkasa Tbk5.61T6.51T 9.73T 0.89T 6.331.97
ARNAArwana Citramulia Tbk5.17T2.69T 2.42T 0.40T 12.783.24
BNBRBakrie & Brothers Tbk4.00T6.99T 3.78T 0.22T 18.141.80
BHITPT MNC Asia Holding Tbk3.68T71.56T 15.04T 0.22T 16.700.21
MARKPT Mark Dynamics Indonesia Tbk.3.38T1.04T 0.64T 0.20T 17.103.72
MLIAMulia Industrindo Tbk2.54T6.98T 4.59T 0.53T 4.800.50
JTPEJasuindo Tiga Perkasa Tbk1.89T1.81T 1.92T 0.19T 10.181.81
Competitiveness Recap of ICON stock
WeightNotesScore
High
At a market cap of IDR 23.97 billion, ICON.JK ranks 10 in Market Cap out of 10 companies in the Industrials sector.

High
At a PE of -1.58, ICON.JK ranks 10 out of 10 companies in the Industrials sector for P/E value. The average PE is 12.58 (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 Industrials. In this regard, it trails behind sector leaders such as PT Impack Pratama Industri Tbk (41.44) in the Industrials sector.

Medium
At a PE of -1.58, ICON.JK is trading at a lower PE than that of its subsector peers in Industrial Services (median of 9.92). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 0.18 trillion, ICON.JK ranks 10 in Revenue out of 10 companies in the Industrials sector.

Medium
At a profit of -IDR 0.02 trillion, ICON.JK ranks 10 in Profit out of 10 companies in the Industrials sector.

Future

Future Growth of ICON

Growth Forecasts

Analyst Ratings

Based on ratings from 10 analysts for ICON over the past 3 months.

Hold

Strong Buy

30.0%

Buy

0.0%

Hold

60.0%

Sell

0.0%

Strong Sell

10.0%

Last Update: 2024-06-28

Sector Benchmark

Industrial Services companies in Indonesia are shrinking at a projected rate of 0.00% against the IDX average of +13.8%.

Industrial Services sector overview
No data is available for ICON at the moment.
Future growth prospect of ICON
WeightNotesScore
Medium
ICON and its peers in the Industrial Services sub-sector belongs to the Industrials sector. Companies in the Industrials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -10.41% in 2025 while revenue growth is projected to decrease by -4.79%. These macroeconomic trends will likely be a tailwind for ICON's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of ICON

Oscillators

Buy

Sell

0

Neutral

9

Buy

2

Summary

Neutral

Sell

7

Neutral

10

Buy

9

Moving Averages

Neutral

Sell

7

Neutral

1

Buy

7

Summary

Technical Ratings of ICON
IndicatorSummarySellNeutralBuy
SummaryNeutral7109
OscillatorsBuy092
Moving AveragesNeutral717

Last Update: 2024-07-19

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Management

Executive Management

President Director

Dr.Putu Agung Prianta B.Eng(Hons), Ma15.2 years
Octavianus KuntjoroDirector
Adik PrasodjoDirector
NamePositionShares%Stock Value
(in Billion IDR)
Octavianus KuntjoroDirector4,765< 0.010.00B

Ownership

ICON Ownership

NameNumber of SharesOwnership (%)Value
Prof. Dr. Ir. Anastasia Sulistyawati, M.S.,M.M,D.Th328,924,69430.187.24B
Public (Scripless)308,210,54128.286.78B
Pt Trust Penata Propertindo143,437,62413.163.16B
Pt Trust Securities88,233,0008.11.94B
Pt Anugerah Griya Persada85,895,0007.881.89B
Island Regency Group Limited62,187,0005.711.37B
Pt Asabri (Persero)54,669,3765.021.20B
Public (Scrip)18,188,0001.670.40B

ICON Filings

No noteworthy filings to report on

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