PT Jasa Marga (Persero) Tbk develops, constructs, operates, manages, and maintains toll roads in Indonesia. More Details
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.
7 Day Return
1 Year Return
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.
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
Is Jasa Marga (Persero) undervalued compared to its fair value and its price relative to the market?
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).
How is Jasa Marga (Persero) forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
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%).
How has Jasa Marga (Persero) performed over the past 5 years?
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.
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).
What is Jasa Marga (Persero) current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Subakti Syukur (57 yo)
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.
Experienced Management: JSMR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: JSMR's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PT Jasa Marga (Persero) Tbk's company bio, employee growth, exchange listings and data sources
- 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
- PT Jasa Marga (Persero) Tbk
- Plaza Tol Taman Mini Indonesia Indah
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 10:19|
|End of Day Share Price||2021/04/09 00:00|
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.