Mitrabahtera Segara Sejati Tbk

mbss

Overview

MBSS Overview

PT Mitrabahtera Segara Sejati Tbk is an Indonesia-based sea transportation and transshipment services company, which provides integrated solutions for sea transportation of bulk goods, particularly for coal and nickel. The Company's segments include tugboats and barges, and floating cranes. The tugboats and barges segment services comprise transportation of cargo from loading port to unloading port, as well as transportation from loading port to anchorage point for transshipment of bulk materials. The Company owns approximately 54 sets of barging ranging from 250 feet (ft) to 365 ft for barges and tugboat engine capacity ranging from 1,200 horsepower (HP) to 2,800 HP. It operates approximately 62 tugboats and one support vehicle. It owns one floating crane to perform transshipment of bulk materials from barges and transfers to the anchored ocean-going vessels. The Company's entire fleet is equipped with satellite-based global positioning system (GPS) tracking and fully insured.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MBSS

Main
Market Cap.
IDR 2.05Trillion

~$127.96M USD

Industry
Coal
Sub-Industry
Coal Distribution
Sector
Energy
Sub-Sector

Valuation

MBSS Valuation Metrics

1,170

IDR
0.0%

Closing Price on 2024-04-18

Price to Equity

5.37

P/E

At 5.37x P/E TTM, MBSS.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Book

0.63

P/B

At 0.63x P/B TTM, MBSS.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Sales

2.09

P/S

At 2.09x P/S TTM, MBSS.JK is trading at a premium to its peers in the Oil, Gas & Coal sector (avg 0.9x).

Valuing Mitrabahtera Segara Sejati Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Oil, Gas & Coal sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Mitrabahtera Segara Sejati Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
7.96x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.22x
Enterprise Value/EBITDA
0.53x
PEG Ratio
-0.15x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1,1702024-04-18
IDR 2,055.88

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of MBSS is IDR2,056, which is 77% higher than MBSS's last closing price of IDR1,170 (as of 2024-04-18).

Valuation Recap of MBSS 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 5.37x is below the ID market average of 8.46x and is trading at a discount to peers in the Oil, Gas & Coal sector (7.34x).

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 0.63x is below the peers average of 1.05x in the Oil, Gas & Coal sector. In fact, less than 25% of its peers trade at a lower P/B ratio than MBSS.

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 2.09x is above the peers average of 0.90x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MBSS'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. MBSS's P/CF ratio of 7.96x 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. MBSS's EV/R ratio of 0.22x is considered extremely underpriced by the market The average EV/R ratio for the Oil, Gas & Coal sector is 1.12x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of MBSS is IDR 2,055.88, which is 77% higher than MBSS's last closing price of IDR 1,170.00.

Peers

MBSS 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
BYANBayan Resources Tbk635.83T53.35T 55.48T 19.19T 33.1421.82
DSSADian Swastatika Sentosa Tbk94.78T47.45T 77.68T 6.60T 14.364.42
ADROAdaro Energy Indonesia Tbk84.31T161.04T 109.47T 27.61T 3.050.80
CUANPT Petrindo Jaya Kreasi Tbk68.86T2.29T 1.76T 0.45T 152.9642.08
ADMRPT Adaro Minerals Indonesia Tbk57.24T26.26T 16.82T 6.83T 8.383.78
TCPIPT Transcoal Pacific Tbk.38.75T3.51T 1.83T 0.18T 213.6619.71
MEDCPT Medco Energi Internasional Tbk37.54T105.87T 33.17T 5.71T 6.571.35
AKRAPT AKR Corporindo Tbk.36.51T30.25T 42.09T 2.78T 13.133.24
PTBABukit Asam Tbk35.95T38.77T 38.49T 6.11T 5.891.68
GEMSGolden Energy Mines Tbk35.88T20.32T 44.95T 8.03T 4.473.54
Competitiveness Recap of MBSS stock
WeightNotesScore
High
At a market cap of IDR 2,047.54 billion, MBSS.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.

High
At a PE of 5.37, MBSS.JK ranks 9 out of 10 companies in the Energy sector for P/E value. The average PE is 45.65 (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 Energy. In this regard, it trails behind sector leaders such as PT Transcoal Pacific Tbk. (213.66) in the Energy sector.

Medium
At a PE of 5.37, MBSS.JK is trading at a lower PE than that of its subsector peers in Oil, Gas & Coal (median of 7.34). 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 0.98 trillion, MBSS.JK ranks 10 in Revenue out of 10 companies in the Energy sector.

Medium
At a profit of IDR 0.38 trillion, MBSS.JK ranks 9 in Profit out of 10 companies in the Energy sector.

Future

Future Growth of MBSS

Growth Forecasts

MBSS 2024 Revenue Growth
+31.8%
MBSS 2024 EPS Growth
0.0%
Sector Revenue Growth
-8.6%
Oil, Gas & Coal
Indonesia Market Growth
+7.6%
IDX overall growth
Oil, Gas & Coal Sector Revenue Growth '24
-27.6%
Energy Sector Revenue Growth '24
-27.6%

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -8.57% against the IDX average of +7.6%.

Oil, Gas & Coal sector overview

MBSS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of MBSS
WeightNotesScore
High
MBSS's projected growth rate of -8.57% is below the ID market average of 7.62%.

High
The Oil, Gas & Coal sub-sector is projected to shrink revenue by -27.58% in 2024. This number is lower than the previous year 2023's growth rate of -18.33%. false

Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -54.70% in 2024. This number is lower than the previous year 2023's EPS growth of -44.15%. false

Medium
MBSS and its peers in the Oil, Gas & Coal sub-sector belongs to the Energy sector. Companies in the Energy sector are projected to have a challenging year heading into 2024. Specifically, earnings are projected to decrease by -54.70% in 2024 while revenue growth is projected to decrease by -27.58%. These macroeconomic trends will likely be a headwind for MBSS's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Armand Setiawan Tanudjaja15.2 years
Maria Anggar Kusumawati
Director
Susan Faustine
Director
NamePositionShares%
AndreCommissioner250,200< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

MBSS Ownership

Others
11.97%
Insiders
87.97%
Institutions
0.06%
NameNumber of SharesOwnership (%)Value
Pt Galley Adhika Arnawama1,443,766,80082.51,689.21B
Public210,579,73912.03246.38B
Suwantara Gotama95,429,9005.45111.65B
Andre250,2000.010.29B
No data is available for MBSS at the moment.