company background image
CASS

Cardig Aero Services IDX:CASS Stock Report

Last Price

Rp426.00

Market Cap

Rp889.0b

7D

6.5%

1Y

6.5%

Updated

27 May, 2022

Data

Company Financials
CASS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

CASS Stock Overview

PT Cardig Aero Services Tbk, together with its subsidiaries, engages in the ground handling, cargo handling, aircraft release and maintenance, catering, management facility, and aviation training businesses.

Cardig Aero Services Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Cardig Aero Services
Historical stock prices
Current Share PriceRp426.00
52 Week HighRp645.00
52 Week LowRp296.00
Beta0.13
1 Month Change20.34%
3 Month Change23.12%
1 Year Change6.50%
3 Year Change-41.64%
5 Year Change-46.75%
Change since IPO7.85%

Recent News & Updates

Shareholder Returns

CASSID InfrastructureID Market
7D6.5%0.9%0.5%
1Y6.5%1.3%16.4%

Return vs Industry: CASS exceeded the ID Infrastructure industry which returned 1.3% over the past year.

Return vs Market: CASS underperformed the ID Market which returned 16.4% over the past year.

Price Volatility

Is CASS's price volatile compared to industry and market?
CASS volatility
CASS Average Weekly Movement6.4%
Infrastructure Industry Average Movement4.9%
Market Average Movement6.2%
10% most volatile stocks in ID Market12.0%
10% least volatile stocks in ID Market2.9%

Stable Share Price: CASS is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CASS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19842,008Randy Pangalilahttps://casgroup.co.id

PT Cardig Aero Services Tbk, together with its subsidiaries, engages in the ground handling, cargo handling, aircraft release and maintenance, catering, management facility, and aviation training businesses. The company's Ground Handling division offers passenger handling, including baggage and aircraft handling, ground support equipment usage, operation of business class lounge, and special assistance services. Its Cargo Handling division provides cargo buildup and breakdown, cargo documentation, cargo transfer and transit handling, cargo storage, and special cargo handling services.

Cardig Aero Services Fundamentals Summary

How do Cardig Aero Services's earnings and revenue compare to its market cap?
CASS fundamental statistics
Market CapRp889.04b
Earnings (TTM)Rp33.75b
Revenue (TTM)Rp1.41t

26.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CASS income statement (TTM)
RevenueRp1.41t
Cost of RevenueRp1.08t
Gross ProfitRp328.47b
Other ExpensesRp294.72b
EarningsRp33.75b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)16.17
Gross Margin23.34%
Net Profit Margin2.40%
Debt/Equity Ratio16.5%

How did CASS perform over the long term?

See historical performance and comparison

Valuation

Is Cardig Aero Services undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CASS (IDR426) is trading below our estimate of fair value (IDR2270.63)

Significantly Below Fair Value: CASS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CASS is poor value based on its Price-To-Earnings Ratio (26.3x) compared to the ID Infrastructure industry average (18.8x).

PE vs Market: CASS is poor value based on its Price-To-Earnings Ratio (26.3x) compared to the ID market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CASS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CASS is overvalued based on its Price-To-Book Ratio (2.3x) compared to the ID Infrastructure industry average (1.3x).


Future Growth

How is Cardig Aero Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.1%

Forecasted Transportation industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cardig Aero Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Cardig Aero Services performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-56.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CASS has high quality earnings.

Growing Profit Margin: CASS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CASS's earnings have declined by 56.7% per year over the past 5 years.

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

Earnings vs Industry: CASS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (70.2%).


Return on Equity

High ROE: CASS's Return on Equity (24.4%) is considered high.


Financial Health

How is Cardig Aero Services's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CASS's short term assets (IDR702.5B) do not cover its short term liabilities (IDR847.3B).

Long Term Liabilities: CASS's short term assets (IDR702.5B) exceed its long term liabilities (IDR144.1B).


Debt to Equity History and Analysis

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

Reducing Debt: CASS's debt to equity ratio has reduced from 42.2% to 16.5% over the past 5 years.

Debt Coverage: CASS's debt is well covered by operating cash flow (334.5%).

Interest Coverage: CASS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Cardig Aero Services's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CASS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CASS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CASS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CASS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: CASS is not paying a notable dividend for the ID market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CASS has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.4yrs

Average management tenure


CEO

Randy Pangalila (54 yo)

1.67yrs

Tenure

Mr. Randy Pangalila serves as Group President Director and Chief Executive Officer at PT Cardig Aero Services Tbk since September 2020. He was employed with PT Bank Ganesha Tbk.


Leadership Team

Experienced Management: CASS's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: CASS's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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 Cardig Aero Services Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Cardig Aero Services Tbk
  • Ticker: CASS
  • Exchange: IDX
  • Founded: 1984
  • Industry: Airport Services
  • Sector: Transportation
  • Implied Market Cap: Rp889.041b
  • Shares outstanding: 2.09b
  • Website: https://casgroup.co.id

Number of Employees


Location

  • PT Cardig Aero Services Tbk
  • Menara Cardig
  • 3rd Floor
  • Jakarta Timur
  • Jakarta Raya
  • 13650
  • Indonesia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/27 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/12/31
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.