Rig Tenders Tbk

rigs

Overview

RIGS Overview

PT Rig Tenders Indonesia Tbk is an Indonesia-based marine logistic services provider for the oil and coal industry. The Company’s business activities are classified into two categories: coal and offshore. The coal segment relates to the chartering of tugboats and barges to coal mining companies to transport of coal and other bulk aggregates. The offshore segment comprises of chartering supply vessels and accommodation work barges to upstream oil and gas companies to support their offshore operations. The Company’s services include offshore support, coal transport, and other services. Its offshore support services division provides vessels to the oil and gas industry to support operations, such as chartering of offshore accommodation barge, transportation for personnel, bulk and deck cargoes, and others. Its coal services include transportation of ships in the port and transportation and delivery. The Company also handles all aspects of ship management.

2468ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: RIGS

Development
Market Cap.
IDR 303.35Billion

~$18.63M USD

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

Valuation

RIGS Valuation Metrics

498

IDR
0.0%

Closing Price on 2024-06-14

Price to Equity

3.87

P/E

At 3.87x P/E TTM, RIGS.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Book

0.41

P/B

At 0.41x P/B TTM, RIGS.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Sales

0.87

P/S

At 0.87x P/S TTM, RIGS.JK is trading in line with its peers in the Oil, Gas & Coal sector.

Valuing Rig Tenders 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 Rig Tenders Tbk relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
1.64x
Price/Forward Earnings
-
Enterprise Value/Revenue
-
Enterprise Value/EBITDA
-
PEG Ratio
-57.07x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of RIGS 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 3.87x is below the ID market average of 8.07x and is trading at a discount to peers in the Oil, Gas & Coal sector (7.10x).

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 0.41x is below the peers average of 0.92x in the Oil, Gas & Coal sector. In fact, less than 25% of its peers trade at a lower P/B ratio than RIGS.

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 0.87x is similar to the peers average of 0.88x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of RIGS'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. RIGS's P/CF ratio of 1.64x is considered healthy by analysts.

Peers

RIGS 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 Tbk578.27T45.36T 51.05T 15.92T 36.3217.39
DSSADian Swastatika Sentosa Tbk129.48T47.45T 77.68T 6.60T 19.616.04
CUANPT Petrindo Jaya Kreasi Tbk98.14T18.56T 2.56T 0.67T 147.5743.36
ADROAdaro Energy Indonesia Tbk85.85T166.36T 94.74T 24.11T 3.560.76
ADMRPT Adaro Minerals Indonesia Tbk53.76T28.33T 17.40T 7.33T 7.333.10
GEMSGolden Energy Mines Tbk41.98T21.54T 43.09T 7.17T 5.863.20
TCPIPT Transcoal Pacific Tbk.35.88T3.80T 1.87T 0.19T 189.5817.80
PGASPT Perusahaan Gas Negara Tbk.34.42T106.94T 56.76T 4.88T 7.060.77
MEDCPT Medco Energi Internasional Tbk32.14T120.36T 25.84T 3.62T 8.871.06
BUMIBumi Resources Tbk28.96T67.32T 23.74T 0.31T 93.121.13
Competitiveness Recap of RIGS stock
WeightNotesScore
High
At a market cap of IDR 303.35 billion, RIGS.JK ranks 10 in Market Cap out of 10 companies in the Energy sector.

High
At a PE of 3.87, RIGS.JK ranks 9 out of 10 companies in the Energy sector for P/E value. The average PE is 42.96 (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. (189.58) in the Energy sector.

Medium
At a PE of 3.87, RIGS.JK is trading at a lower PE than that of its subsector peers in Oil, Gas & Coal (median of 7.10). 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 0.35 trillion, RIGS.JK ranks 10 in Revenue out of 10 companies in the Energy sector.

Medium
At a profit of IDR 0.08 trillion, RIGS.JK ranks 10 in Profit out of 10 companies in the Energy sector.

Future

Future Growth of RIGS

Growth Forecasts

No data available

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.91% against the IDX average of +13.1%.

Oil, Gas & Coal sector overview
No data is available for RIGS at the moment.
Future growth prospect of RIGS
WeightNotesScore
High
RIGS's projected growth rate of -9.91% is below the ID market average of 13.14%.

High
The Oil, Gas & Coal sub-sector is projected to grow revenue by 1.00% in 2025. This number is higher than the previous year 2024's growth rate of -7.14%. false

Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -8.48% in 2025. This number is higher than the previous year 2024's EPS growth of -16.25%. false

Medium
RIGS 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 2025. Specifically, earnings are projected to decrease by -8.48% in 2025 while revenue growth is projected to increase by 1.00%. These macroeconomic trends will likely be a tailwind for RIGS's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Kartika Hadi15.2 years
Stefano Katianda
Director
Iriawan Hartana
Director
NamePositionShares%
Pt Surya Indah Muara PantaiDirector490,597,03080.54
Expressed in millions IDR, unless otherwise stated

Ownership

RIGS Ownership

NameNumber of SharesOwnership (%)Value
Pt Surya Indah Muara Pantai490,597,03080.54244.32B
Public (Scripless)116,244,72019.0857.89B
Public (Scrip)2,288,2500.381.14B
No data is available for RIGS at the moment.

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