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

GIAA is good value based on its Price-To-Earnings Ratio (1.6x) compared to the peer average (14.9x).

How does GIAA's PE Ratio compare vs other companies in the Asian Airlines Industry?

GIAA is good value based on its Price-To-Earnings Ratio (1.6x) compared to the Asian Airlines industry average (10.8x).

What is GIAA'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.

GIAA is good value based on its Price-To-Earnings Ratio (1.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.1x).

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

GIAA (IDR53) is trading below our estimate of [[fair value]] (IDR909.63)

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

Insufficient data to show price forecast.

GIAA Stock Overview

Operates as an airline company in Indonesia and internationally. More details

GIAA fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	2/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 94.2% below our estimate of its fair value

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Negative shareholders equity

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

PT. Garuda Indonesia (Persero) Tbk Competitors

Jaya Trishindo

IDX:HELI

Rp226.5b

Blue Bird

IDX:BIRD

Rp4.0t

Cardig Aero Services

IDX:CASS

Rp3.8t

Ancara Logistics Indonesia

IDX:ALII

Rp6.0t

Price History & Performance

Summary of share price highs, lows and changes for PT. Garuda Indonesia (Persero)
Historical stock prices
Current Share Price	Rp53.00
52 Week High	Rp79.00
52 Week Low	Rp48.00
Beta	0.35
1 Month Change	0%
3 Month Change	-30.26%
1 Year Change	-25.35%
3 Year Change	n/a
5 Year Change	-89.36%
Change since IPO	-91.45%

Recent updates

Shareholder Returns

	GIAA	ID Airlines	ID Market
7D	-5.4%	-3.1%	-3.6%
1Y	-25.4%	14.4%	2.7%

Return vs Industry: GIAA underperformed the ID Airlines industry which returned 14.4% over the past year.

Return vs Market: GIAA underperformed the ID Market which returned 2.7% over the past year.

Price Volatility

Is GIAA's price volatile compared to industry and market?
GIAA volatility
GIAA Average Weekly Movement	5.6%
Airlines Industry Average Movement	4.3%
Market Average Movement	5.5%
10% most volatile stocks in ID Market	12.8%
10% least volatile stocks in ID Market	2.4%

Stable Share Price: GIAA has not had significant price volatility in the past 3 months compared to the ID market.

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

About the Company

Founded	Employees	CEO	Website
1949	11,219	Irfan Setiaputra	www.garuda-indonesia.com

PT. Garuda Indonesia (Persero) Tbk operates as an airline company in Indonesia and internationally. It operates through Flight Operation, Aircraft Maintenance Services, and Other Operations segments. The company undertakes the scheduled and non-scheduled commercial air transportation for domestic or international passengers, cargoes, and mails; and provides aircraft repair, maintenance, and overhaul services.

PT. Garuda Indonesia (Persero) Tbk Fundamentals Summary

How do PT. Garuda Indonesia (Persero)'s earnings and revenue compare to its market cap?
GIAA fundamental statistics
Market cap	Rp4.85t
Earnings (TTM)	Rp3.10t
Revenue (TTM)	Rp52.88t

1.6x

P/E Ratio

0.1x

P/S Ratio

Is GIAA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GIAA income statement (TTM)
Revenue	US$3.27b
Cost of Revenue	US$2.69b
Gross Profit	US$575.67m
Other Expenses	US$384.46m
Earnings	US$191.21m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.0021
Gross Margin	17.63%
Net Profit Margin	5.86%
Debt/Equity Ratio	-101.1%

How did GIAA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 23:11
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PT. Garuda Indonesia (Persero) Tbk is covered by 17 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
YingYing Hou	BofA Global Research
Timothy Ross	Credit Suisse
Amrit Singh	Daniel Stewart & Company