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BIRD

Blue Bird IDX:BIRD Stock Report

Last Price

Rp1.65k

Market Cap

Rp4.1t

7D

-3.8%

1Y

51.4%

Updated

07 Aug, 2022

Data

Company Financials +
BIRD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health6/6
Dividends3/6

BIRD Stock Overview

PT Blue Bird Tbk provides taxi transportation services in Indonesia.

Blue Bird Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blue Bird
Historical stock prices
Current Share PriceRp1,650.00
52 Week HighRp1,950.00
52 Week LowRp1,000.00
Beta1.08
1 Month Change9.27%
3 Month Change28.91%
1 Year Change51.38%
3 Year Change-41.07%
5 Year Change-65.98%
Change since IPO-77.85%

Recent News & Updates

Shareholder Returns

BIRDID TransportationID Market
7D-3.8%2.4%1.6%
1Y51.4%-13.4%12.1%

Return vs Industry: BIRD exceeded the ID Transportation industry which returned -13.4% over the past year.

Return vs Market: BIRD exceeded the ID Market which returned 12.1% over the past year.

Price Volatility

Is BIRD's price volatile compared to industry and market?
BIRD volatility
BIRD Average Weekly Movement11.2%
Transportation Industry Average Movement11.1%
Market Average Movement6.2%
10% most volatile stocks in ID Market11.9%
10% least volatile stocks in ID Market3.0%

Stable Share Price: BIRD is more volatile than 75% of ID stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BIRD's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of ID stocks.

About the Company

FoundedEmployeesCEOWebsite
20012,720Sigit Djokosoetonohttps://www.bluebirdgroup.com

PT Blue Bird Tbk provides taxi transportation services in Indonesia. It offers passenger and land transportation services comprising taxi, limousine, car rental, and bus charter. The company operates combined fleet of approximately 23000 taxis in 61 depots located in Jakarta, Banten, Bandung, Semarang, Surabaya, Bali, Lombok, Medan, Padang, Batam, Pekanbaru, Palembang, Makasar, and Manado; and operates 1000 executive taxis, as well as offers lifecare taxi services.

Blue Bird Fundamentals Summary

How do Blue Bird's earnings and revenue compare to its market cap?
BIRD fundamental statistics
Market CapRp4.13t
Earnings (TTM)Rp184.03b
Revenue (TTM)Rp2.72t

22.4x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIRD income statement (TTM)
RevenueRp2.72t
Cost of RevenueRp2.00t
Gross ProfitRp725.49b
Other ExpensesRp541.47b
EarningsRp184.03b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)73.55
Gross Margin26.64%
Net Profit Margin6.76%
Debt/Equity Ratio13.7%

How did BIRD perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

82%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BIRD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BIRD?

Other financial metrics that can be useful for relative valuation.

BIRD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA6.2x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does BIRD's PE Ratio compare to its peers?

BIRD PE Ratio vs Peers
The above table shows the PE ratio for BIRD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.9x
ASSA Adi Sarana Armada
33.8x40.0%Rp6.2t
TRJA Transkon Jaya
7.3xn/aRp356.4b
BPTR Batavia Prosperindo Trans
28.5xn/aRp365.8b
WEHA WEHA Transportasi Indonesia
42.1xn/aRp130.3b
BIRD Blue Bird
22.4x27.7%Rp4.1t

Price-To-Earnings vs Peers: BIRD is good value based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (27.9x).


Price to Earnings Ratio vs Industry

How does BIRD's PE Ratio compare vs other companies in the Asian Transportation Industry?

Price-To-Earnings vs Industry: BIRD is good value based on its Price-To-Earnings Ratio (22.4x) compared to the ID Transportation industry average (24.2x)


Price to Earnings Ratio vs Fair Ratio

What is BIRD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BIRD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.4x
Fair PE Ratio22x

Price-To-Earnings vs Fair Ratio: BIRD is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the estimated Fair Price-To-Earnings Ratio (22x).


Share Price vs Fair Value

What is the Fair Price of BIRD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BIRD (IDR1650) is trading above our estimate of fair value (IDR1560.6)

Significantly Below Fair Value: BIRD is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Blue Bird forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BIRD's forecast earnings growth (27.7% per year) is above the savings rate (7%).

Earnings vs Market: BIRD's earnings (27.7% per year) are forecast to grow faster than the ID market (10.7% per year).

High Growth Earnings: BIRD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BIRD's revenue (14.1% per year) is forecast to grow faster than the ID market (10.3% per year).

High Growth Revenue: BIRD's revenue (14.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BIRD's Return on Equity is forecast to be low in 3 years time (5.2%).


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Past Performance

How has Blue Bird performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-45.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BIRD has a large one-off gain of IDR71.8B impacting its June 30 2022 financial results.

Growing Profit Margin: BIRD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BIRD's earnings have declined by 45.3% per year over the past 5 years.

Accelerating Growth: BIRD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BIRD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Transportation industry (64.2%).


Return on Equity

High ROE: BIRD's Return on Equity (3.6%) is considered low.


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Financial Health

How is Blue Bird's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BIRD's short term assets (IDR1,523.2B) exceed its short term liabilities (IDR764.8B).

Long Term Liabilities: BIRD's short term assets (IDR1,523.2B) exceed its long term liabilities (IDR805.6B).


Debt to Equity History and Analysis

Debt Level: BIRD has more cash than its total debt.

Reducing Debt: BIRD's debt to equity ratio has reduced from 28.4% to 13.7% over the past 5 years.

Debt Coverage: BIRD's debt is well covered by operating cash flow (74.9%).

Interest Coverage: BIRD's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


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Dividend

What is Blue Bird current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.64%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BIRD's dividend (3.64%) is higher than the bottom 25% of dividend payers in the ID market (1.11%).

High Dividend: BIRD's dividend (3.64%) is low compared to the top 25% of dividend payers in the ID market (4.54%).


Stability and Growth of Payments

Stable Dividend: BIRD has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BIRD has only been paying a dividend for 6 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (81.6%), BIRD's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (89.7%), BIRD's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

8.9yrs

Average board tenure


CEO

Sigit Djokosoetono (50 yo)

1

Tenure

Ir. Sigit Priawan Djokosoetono, M.B.A. has been the President Commissioner of PT Pusaka Andalan Perkasa since 2012 and Hermis Consulting since 2013. He has been Director at PT Morante Jaya since 2002, PT I...


Board Members

Experienced Board: BIRD's board of directors are considered experienced (8.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PT Blue Bird Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Blue Bird Tbk
  • Ticker: BIRD
  • Exchange: IDX
  • Founded: 2001
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: Rp4.128t
  • Shares outstanding: 2.50b
  • Website: https://www.bluebirdgroup.com

Number of Employees


Location

  • PT Blue Bird Tbk
  • Jalan Raya Bojong Indah No.6A
  • Kel. Rawa Buaya
  • Jakarta Barat
  • Jakarta Raya
  • 11740
  • Indonesia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.