PT Jasa Armada Indonesia Tbk.

ipcm

Overview

IPCM Overview

PT Jasa Armada Indonesia Tbk is an Indonesia-based company that is engaged in providing and operating vessel services, passenger, goods and port-related activities. The Company's main products or services consist of vessel services, vessel management services, and transportation and other services. It provides services for vessel operational activities from entering to leaving the port. It provides various vessel services, such as towage service, which includes the activities of pushing, pulling, holding, escorting, and assisting vessels that move in the shipping lanes, anchorage areas, and ponds for anchoring or leaving the dock, and pilotage service, which serves vessels entering and exiting the dock through the port channel. The Company manages and maintains pilotage boat used for the mobilization of pilotage officers in carrying out vessel pilotage service tasks. Its freight service is engaged in the field of transportation of materials or goods and products between port areas.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: IPCM

Main
Market Cap.
IDR 1.45Trillion

~$91.17M USD

Industry
Transport Infrastructure Operator
Sub-Industry
Marine Ports & Services
Sector
Infrastructures

Valuation

IPCM Valuation Metrics

274

IDR

Closing Price on 2024-04-05

Price to Equity

8.57

P/E

At 8.57x P/E TTM, IPCM.JK is trading in line with its peers in the Transportation Infrastructure sector.

Price to Book

1.18

P/B

At 1.18x P/B TTM, IPCM.JK is trading in line with its peers in the Transportation Infrastructure sector.

Price to Sales

1.24

P/S

At 1.24x P/S TTM, IPCM.JK is trading at a discount to its peers in the Transportation Infrastructure sector.

Valuing PT Jasa Armada Indonesia 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 PT Jasa Armada Indonesia Tbk. relative to other stocks in the Transportation Infrastructure sector

Price/Cash Flow
7.16x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.90x
Enterprise Value/EBITDA
4.95x
PEG Ratio
-2.83x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2742024-04-05
IDR 306.65

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of IPCM is IDR307, which is 13% higher than IPCM's last closing price of IDR274 (as of 2024-04-05).

Valuation Recap of IPCM 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 8.57x is above the ID market average of 8.22x and is trading at a premium to peers in the Transportation Infrastructure sector (7.74x).
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 1.18x is similar to the peers average of 1.18x 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 1.24x is similar to 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 IPCM'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. IPCM's P/CF ratio of 7.16x 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. IPCM's EV/R ratio of 0.90x is considered extremely underpriced by the market The average EV/R ratio for the Transportation Infrastructure sector is 1.73x. ●●●
Max 3
Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of IPCM is IDR 306.65, which is 13% higher than IPCM's last closing price of IDR 274.00.●●
Max 3

Peers

IPCM 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 IPCM stock
WeightNotesScore
High
At a market cap of IDR 1,445.83 billion, IPCM.JK ranks 10 in Market Cap out of 10 companies in the Infrastructures sector.
Max 2
High
At a PE of 8.57, IPCM.JK ranks 8 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 18.74 (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 8.57, IPCM.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 1.17 trillion, IPCM.JK ranks 9 in Revenue out of 10 companies in the Infrastructures sector.
Max 2
Medium
At a profit of IDR 0.17 trillion, IPCM.JK ranks 9 in Profit out of 10 companies in the Infrastructures sector.
Max 2

Future

Future Growth of IPCM

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

Executive Management

President Director

Shanti Puruhita15.2 years
Muhammad Iqbal
Director
Reini Delfianti
Director
NamePositionShares%
Dewi AriyaniCommissioner158,100< 0.01
Muhammad IqbalDirector459,100< 0.01
Reini DelfiantiDirector329,500< 0.01
Shanti PuruhitaPresident Director492,100< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

IPCM Ownership

Others
12.16%
Insiders
87.8%
Institutions
0.04%
NameNumber of SharesOwnership (%)Value
Pt Pelindo Jasa Maritim4,063,504,60076.891,113.40B
Public (Scripless)636,476,50012.04174.39B
Pt Pelabuhan Indonesia Investama569,551,40010.78156.06B
Treasury Stock8,039,8000.152.20B
Public (Scrip)5,800,0000.111.59B
Reini Delfianti329,5000.010.09B
Shanti Puruhita492,1000.010.13B
Muhammad Iqbal459,1000.010.13B

Largest Institutional Buy

No data is available for IPCM at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-12-2023
-1,100,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of IPCM stock