Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp0.67 (vs Rp0.93 loss in 1Q 2025) First quarter 2026 results: EPS: Rp0.67 (up from Rp0.93 loss in 1Q 2025). Revenue: Rp48.3b (down 8.2% from 1Q 2025). Net income: Rp1.43b (up Rp3.42b from 1Q 2025). Profit margin: 3.0% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. お知らせ • Apr 21
PT Jasa Berdikari Logistics Tbk, Annual General Meeting, Jun 09, 2026 PT Jasa Berdikari Logistics Tbk, Annual General Meeting, Jun 09, 2026. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: Rp2.48 (vs Rp0.88 in FY 2024) Full year 2025 results: EPS: Rp2.48 (up from Rp0.88 in FY 2024). Revenue: Rp213.7b (up 14% from FY 2024). Net income: Rp5.34b (up 181% from FY 2024). Profit margin: 2.5% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. New Risk • Mar 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp154.8b (US$9.13m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (Rp154.8b market cap, or US$9.13m). New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (Rp258.0b market cap, or US$15.5m). Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: Rp0.66 (vs Rp0.12 in 3Q 2024) Third quarter 2025 results: EPS: Rp0.66 (up from Rp0.12 in 3Q 2024). Revenue: Rp51.8b (up 6.4% from 3Q 2024). Net income: Rp1.39b (up 422% from 3Q 2024). Profit margin: 2.7% (up from 0.5% in 3Q 2024). The increase in margin was driven by higher revenue. お知らせ • Jun 04
PT Jasa Berdikari Logistics Tbk announces Annual dividend, payable on July 03, 2025 PT Jasa Berdikari Logistics Tbk announced Annual dividend of IDR 0.1300 per share payable on July 03, 2025, ex-date on June 11, 2025 and record date on June 12, 2025. お知らせ • Apr 22
PT Jasa Berdikari Logistics Tbk, Annual General Meeting, May 28, 2025 PT Jasa Berdikari Logistics Tbk, Annual General Meeting, May 28, 2025. New Risk • Nov 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 7.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (49% accrual ratio). Market cap is less than US$10m (Rp107.5b market cap, or US$6.88m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin). Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: Rp0.13 (vs Rp1.03 in 3Q 2023) Third quarter 2024 results: EPS: Rp0.13 (down from Rp1.03 in 3Q 2023). Revenue: Rp48.7b (up 13% from 3Q 2023). Net income: Rp266.5m (down 88% from 3Q 2023). Profit margin: 0.5% (down from 5.2% in 3Q 2023). The decrease in margin was driven by higher expenses. New Risk • Oct 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (25% accrual ratio). Market cap is less than US$10m (Rp107.5b market cap, or US$6.88m). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Mar 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (Rp113.9b market cap, or US$7.18m). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp78.00, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 11x in the Transportation industry in Indonesia. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Rp84.00, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 11x in the Transportation industry in Indonesia. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to Rp76.00, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 11x in the Transportation industry in Indonesia. New Risk • Aug 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (Rp133.3b market cap, or US$8.77m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: Rp0.60 (vs Rp82.19 in 2Q 2022) Second quarter 2023 results: EPS: Rp0.60 (down from Rp82.19 in 2Q 2022). Revenue: Rp37.9b (flat on 2Q 2022). Net income: Rp3.76b (down 11% from 2Q 2022). Profit margin: 9.9% (down from 11% in 2Q 2022). New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp135.4b (US$8.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (Rp135.4b market cap, or US$8.97m). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (9.9% average weekly change). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to Rp64.00, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Transportation industry in Indonesia. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp88.00, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 13x in the Transportation industry in Indonesia. Buying Opportunity • Jun 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 72%. The fair value is estimated to be Rp129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has declined by 99%. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Rp151, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 12x in the Transportation industry in Indonesia. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Rp224, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 12x in the Transportation industry in Indonesia. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: Rp16.37 (vs Rp696 in FY 2021) Full year 2022 results: EPS: Rp16.37. Revenue: Rp147.9b (up 25% from FY 2021). Net income: Rp12.2b (up 46% from FY 2021). Profit margin: 8.3% (up from 7.1% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Rp394, the stock trades at a trailing P/E ratio of 72.3x. Average trailing P/E is 12x in the Transportation industry in Indonesia. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to Rp278, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 11x in the Transportation industry in Indonesia. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 59% After last week's 59% share price gain to Rp244, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 11x in the Transportation industry in Indonesia. お知らせ • Jan 27
PT Jasa Berdikari Logistics Tbk has completed an IPO in the amount of IDR 70 billion. PT Jasa Berdikari Logistics Tbk has completed an IPO in the amount of IDR 70 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 700,000,000
Price\Range: IDR 100
Discount Per Security: IDR 1.74