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Market Cap

Rp31.0t

Last Updated

2021/04/11 10:19 UTC

Data Sources

Company Financials +

Executive Summary

PT Jasa Marga (Persero) Tbk develops, constructs, operates, manages, and maintains toll roads in Indonesia. More Details


Snowflake Analysis

Moderate growth potential and overvalued.

Share Price & News

How has Jasa Marga (Persero)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JSMR is less volatile than 75% of ID stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JSMR's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.4%

JSMR

2.7%

ID Infrastructure

0.9%

ID Market


1 Year Return

50.4%

JSMR

35.5%

ID Infrastructure

27.3%

ID Market

Return vs Industry: JSMR exceeded the ID Infrastructure industry which returned 33.9% over the past year.

Return vs Market: JSMR exceeded the ID Market which returned 26.8% over the past year.


Shareholder returns

JSMRIndustryMarket
7 Day3.4%2.7%0.9%
30 Day-4.5%0.8%-3.3%
90 Day-4.7%3.2%-4.1%
1 Year50.9%50.4%39.7%35.5%31.7%27.3%
3 Year-5.2%-7.6%0.2%-4.1%2.2%-6.1%
5 Year-15.7%-19.4%-6.3%-11.2%38.5%21.0%

Long-Term Price Volatility Vs. Market

How volatile is Jasa Marga (Persero)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Jasa Marga (Persero) undervalued compared to its fair value and its price relative to the market?

35.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JSMR (IDR4270) is trading above our estimate of fair value (IDR219.37)

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


Price To Earnings Ratio

PE vs Industry: JSMR is poor value based on its PE Ratio (35.9x) compared to the ID Infrastructure industry average (35.5x).

PE vs Market: JSMR is poor value based on its PE Ratio (35.9x) compared to the ID market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: JSMR is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: JSMR is overvalued based on its PB Ratio (1.6x) compared to the ID Infrastructure industry average (1x).


Future Growth

How is Jasa Marga (Persero) forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

44.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JSMR's forecast earnings growth (44.5% per year) is above the savings rate (7.3%).

Earnings vs Market: JSMR's earnings (44.5% per year) are forecast to grow faster than the ID market (22.9% per year).

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

Revenue vs Market: JSMR's revenue (6.4% per year) is forecast to grow slower than the ID market (13.5% per year).

High Growth Revenue: JSMR's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JSMR's Return on Equity is forecast to be low in 3 years time (11.6%).


Past Performance

How has Jasa Marga (Persero) performed over the past 5 years?

-4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JSMR has a high level of non-cash earnings.

Growing Profit Margin: JSMR's current net profit margins (3.7%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: JSMR's earnings have declined by 4.3% per year over the past 5 years.

Accelerating Growth: JSMR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JSMR had negative earnings growth (-77.3%) over the past year, making it difficult to compare to the Infrastructure industry average (-16.5%).


Return on Equity

High ROE: JSMR's Return on Equity (-0.2%) is considered low.


Financial Health

How is Jasa Marga (Persero)'s financial position?


Financial Position Analysis

Short Term Liabilities: JSMR's short term assets (IDR10,706.0B) do not cover its short term liabilities (IDR14,928.7B).

Long Term Liabilities: JSMR's short term assets (IDR10,706.0B) do not cover its long term liabilities (IDR64,382.3B).


Debt to Equity History and Analysis

Debt Level: JSMR's debt to equity ratio (257.9%) is considered high.

Reducing Debt: JSMR's debt to equity ratio has increased from 128.7% to 257.9% over the past 5 years.

Debt Coverage: JSMR's debt is not well covered by operating cash flow (2.3%).

Interest Coverage: JSMR's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


Dividend

What is Jasa Marga (Persero) current dividend yield, its reliability and sustainability?

0.67%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate JSMR'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 JSMR's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: JSMR is not paying a notable dividend for the ID market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JSMR's dividend in 3 years as they are not forecast to pay a notable one for the ID market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Subakti Syukur (57 yo)

0.83

Tenure

Rp8,787,432,973

Compensation

Mr. Subakti Syukur has been President Director at PT Jasa Marga (Persero) Tbk since June 11, 2020. He served as Director of Operation at PT Jasa Marga (Persero) Tbk since 2019 until June 11, 2020 and has b...


CEO Compensation Analysis

Compensation vs Market: Subakti's total compensation ($USD601.88K) is above average for companies of similar size in the ID market ($USD390.65K).

Compensation vs Earnings: Subakti's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: JSMR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: JSMR's board of directors are not considered experienced ( 1.7 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 Jasa Marga (Persero) Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Jasa Marga (Persero) Tbk
  • Ticker: JSMR
  • Exchange: IDX
  • Founded: 1978
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: Rp30.991t
  • Shares outstanding: 7.26b
  • Website: https://www.jasamarga.com

Number of Employees


Location

  • PT Jasa Marga (Persero) Tbk
  • Plaza Tol Taman Mini Indonesia Indah
  • Jakarta
  • 13550
  • Indonesia

Listings


Biography

PT Jasa Marga (Persero) Tbk develops, constructs, operates, manages, and maintains toll roads in Indonesia. The company also offers toll road service, such as transaction services, traffic services, and ro...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 10:19
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.