Steady Safe Tbk

safe

Overview

SAFE Overview

PT Steady Safe Tbk is an Indonesia-based land transportation company. The Company is engaged in the transportation services, especially as Bus Transjakarta operator in Jakarta. The Company operates through two segments: Land Transportation and Financial Services. The Company includes business in transportation, workshop, trade and real estate. Its subsidiaries include PT Buana Metropolitan Taksi, PT Citra Pancakabraja, PT Wahana Artha Sentosa, PT Fajar Utama Semesta, PT Has Muda Internusa, PT Luhursatria Dwiraya, PT Sembada Permai Sejati, PT Sonnypong Yatim, Steady Safe Finance BV, PT Volgren Indonesia and PT Infiniti Indomarga.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: SAFE

Watchlist
Market Cap.
IDR 117.49Billion

~$7.41M USD

Industry
Passenger Land Transportation
Sub-Industry
Road Transportation
Sector
Transportation & Logistic
Sub-Sector

Valuation

SAFE Valuation Metrics

191

IDR

Closing Price on 2024-04-05

Price to Equity

7.44

P/E

At 7.44x P/E TTM, SAFE.JK is trading at a premium to its peers in the Transportation sector (avg 6.2x).

Price to Book

-2.47

P/B

At -2.47x P/B TTM, SAFE.JK is trading at a discount to its peers in the Transportation sector.

Price to Sales

0.45

P/S

At 0.45x P/S TTM, SAFE.JK is trading at a discount to its peers in the Transportation sector.

Valuing Steady Safe Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Transportation sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Steady Safe Tbk relative to other stocks in the Transportation sector

Price/Cash Flow
2.48x
Price/Forward Earnings
-
Enterprise Value/Revenue
1.00x
Enterprise Value/EBITDA
5.49x
PEG Ratio
0.39x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1912024-04-05
IDR 193.46

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of SAFE is IDR193, which is 2% higher than SAFE's last closing price of IDR191 (as of 2024-04-05).

Valuation Recap of SAFE 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 7.44x is below the ID market average of 8.22x and is trading at a premium to peers in the Transportation sector (6.17x).
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 -2.47x is below the peers average of 0.68x in the Transportation sector. In fact, less than 25% of its peers trade at a lower P/B ratio than SAFE.●●●
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 0.45x is similar to the peers average of 0.55x in the Transportation sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of SAFE'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. SAFE's P/CF ratio of 2.48x 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. SAFE's EV/R ratio of 1.00x is considered extremely underpriced by the market The average EV/R ratio for the Transportation sector is 1.29x. ●●●
Max 3
Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of SAFE is IDR 193.46, which is 2% higher than SAFE's last closing price of IDR 191.00.
Max 3

Peers

SAFE 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
TMASPT Temas Tbk.9.61T4.00T 4.43T 0.98T 9.854.06
SMDRSamudera Indonesia Tbk5.21T18.77T 13.33T 1.60T 3.260.71
BIRDPT Blue Bird Tbk4.40T7.38T 4.31T 0.47T 9.470.81
ASSAAdi Sarana Armada Tbk3.05T7.25T 4.70T 0.09T 33.861.64
IMJSPT Indomobil Multi Jasa Tbk.2.34T28.06T 5.06T 0.12T 19.770.58
ELPIPT Pelayaran Nasional Ekalya Purnamasari Tbk2.11T2.32T 0.96T 0.17T 12.121.19
GIAAGaruda Indonesia (Persero) Tbk1.72T95.37T 43.17T -0.50T -3.46-0.07
HATMPT Habco Trans Maritima Tbk1.57T0.96T 0.50T 0.18T 8.651.95
NELYPelayaran Nelly Dwi Putri Tbk1.23T0.80T 0.49T 0.23T 5.391.73
Competitiveness Recap of SAFE stock
WeightNotesScore
High
At a market cap of IDR 117.49 billion, SAFE.JK ranks 10 in Market Cap out of 10 companies in the Transportation & Logistic sector.
Max 2
High
At a PE of 7.44, SAFE.JK ranks 7 out of 10 companies in the Transportation & Logistic sector for P/E value. The average PE is 10.63 (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 Transportation & Logistic. In this regard, it trails behind sector leaders such as Adi Sarana Armada Tbk (33.86) in the Transportation & Logistic sector.
Max 2
Medium
At a PE of 7.44, SAFE.JK is trading at a higher PE than that of its subsector peers in Transportation (median of 6.17). false
Max 2
Medium
At a revenue of IDR 0.26 trillion, SAFE.JK ranks 10 in Revenue out of 10 companies in the Transportation & Logistic sector.
Max 2
Medium
At a profit of IDR 0.02 trillion, SAFE.JK ranks 9 in Profit out of 10 companies in the Transportation & Logistic sector.
Max 2

Future

Future Growth of SAFE

Growth Forecasts

No data available

Sector Benchmark

Transportation companies in Indonesia are shrinking at a projected rate of -30.92% against the IDX average of +12.0%.

Transportation sector overview
No data is available for SAFE at the moment.
Future growth prospect of SAFE
WeightNotesScore
High
SAFE's projected growth rate of -30.92% is below the ID market average of 11.98%.●●●
Max 3
High
The Transportation sub-sector is projected to grow revenue by 38.16% in 2024. This number is higher than the previous year 2023's growth rate of -14.86%. This bodes well for SAFE's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Transportation sub-sector is projected to increase earnings by 50.12% in 2024. This number is higher than the previous year 2023's EPS growth of 36.15%. This bodes well for SAFE's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
SAFE and its peers in the Transportation sub-sector belongs to the Transportation & Logistic sector. Companies in the Transportation & Logistic sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 50.12% in 2024 while revenue growth is projected to increase by 38.16%. These macroeconomic trends will likely be a tailwind for SAFE's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

John Pieter Sembiring15.2 years
Ahmad Fahmi
Director
NamePositionShares%
Jopie WidjajaPresident Commissioner2,900< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

SAFE Ownership

Others
8.46%
Insiders
91.54%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Infiniti Wahana500,838,81581.4295.66B
Pt Abdi Raharja61,520,9001011.75B
Public (Scripless)38,448,4006.257.34B
Public (Scrip)14,333,9972.332.74B
No data is available for SAFE at the moment.