Duyuru • Jun 25
PT Blue Bird Tbk announces Annual dividend, payable on July 10, 2026 PT Blue Bird Tbk announced Annual dividend of IDR 166.0000 per share payable on July 10, 2026, ex-date on June 29, 2026 and record date on June 30, 2026. Declared Dividend • Jun 25
Dividend increased to Rp166 Dividend of Rp166 is 38% higher than last year. Ex-date: 29th June 2026 Payment date: 10th July 2026 Dividend yield will be 9.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 23
Now 20% undervalued Over the last 90 days, the stock has risen 1.8% to Rp1,680. The fair value is estimated to be Rp2,100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Rp1,610, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Transportation industry in Asia. Total loss to shareholders of 8.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,042 per share. Duyuru • May 12
PT Blue Bird Tbk, Annual General Meeting, Jun 18, 2026 PT Blue Bird Tbk, Annual General Meeting, Jun 18, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: Rp62.00 (vs Rp66.10 in 1Q 2025) First quarter 2026 results: EPS: Rp62.00 (down from Rp66.10 in 1Q 2025). Revenue: Rp1.45t (up 12% from 1Q 2025). Net income: Rp155.5b (down 6.0% from 1Q 2025). Profit margin: 11% (down from 13% in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 07
Price target decreased by 9.5% to Rp2,290 Down from Rp2,530, the current price target is an average from 3 analysts. New target price is 42% above last closing price of Rp1,615. Stock is up 15% over the past year. The company is forecast to post earnings per share of Rp291 for next year compared to Rp254 last year. Reported Earnings • Apr 01
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: Rp254 (up from Rp234 in FY 2024). Revenue: Rp5.71t (up 13% from FY 2024). Net income: Rp635.8b (up 8.7% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 15
Now 20% undervalued Over the last 90 days, the stock has risen 1.5% to Rp1,740. The fair value is estimated to be Rp2,175, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Buy Or Sell Opportunity • Dec 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.1% to Rp1,735. The fair value is estimated to be Rp2,186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Buy Or Sell Opportunity • Nov 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to Rp1,760. The fair value is estimated to be Rp2,206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Buy Or Sell Opportunity • Nov 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.4% to Rp1,750. The fair value is estimated to be Rp2,189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: Rp58.98 (vs Rp69.26 in 3Q 2024) Third quarter 2025 results: EPS: Rp58.98 (down from Rp69.26 in 3Q 2024). Revenue: Rp1.45t (up 8.5% from 3Q 2024). Net income: Rp147.2b (down 15% from 3Q 2024). Profit margin: 10% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Oct 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Setyo Wasisto was the last independent director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 24
PT Blue Bird Tbk announces Annual dividend, payable on July 11, 2025 PT Blue Bird Tbk announced Annual dividend of IDR 120.0000 per share payable on July 11, 2025, ex-date on July 01, 2025 and record date on July 02, 2025. Duyuru • May 14
PT Blue Bird Tbk, Annual General Meeting, Jun 19, 2025 PT Blue Bird Tbk, Annual General Meeting, Jun 19, 2025. Location: meeting both electronicallyy and physically, jakarta Indonesia Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: Rp68.81 (vs Rp43.15 in 3Q 2023) Third quarter 2024 results: EPS: Rp68.81 (up from Rp43.15 in 3Q 2023). Revenue: Rp1.34t (up 18% from 3Q 2023). Net income: Rp173.3b (up 61% from 3Q 2023). Profit margin: 13% (up from 9.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp58.70 (vs Rp54.44 in 2Q 2023) Second quarter 2024 results: EPS: Rp58.70 (up from Rp54.44 in 2Q 2023). Revenue: Rp1.21t (up 15% from 2Q 2023). Net income: Rp147.2b (up 8.1% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 28
Co-Founder & Member of Advisory Board recently bought Rp2.9b worth of stock On the 25th of June, H. Prawiro bought around 2m shares on-market at roughly Rp1,521 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. H. has been a buyer over the last 12 months, purchasing a net total of Rp12b worth in shares. Recent Insider Transactions • May 23
Member of Advisory Board recently bought Rp1.5b worth of stock On the 22nd of May, H. Prawiro bought around 950k shares on-market at roughly Rp1,541 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp5.9b more in shares than they have sold in the last 12 months. Duyuru • May 09
PT Blue Bird Tbk, Annual General Meeting, Jun 13, 2024 PT Blue Bird Tbk, Annual General Meeting, Jun 13, 2024. Reported Earnings • May 05
First quarter 2024 earnings released: EPS: Rp46.00 (vs Rp49.26 in 1Q 2023) First quarter 2024 results: EPS: Rp46.00 (down from Rp49.26 in 1Q 2023). Revenue: Rp1.12t (up 7.1% from 1Q 2023). Net income: Rp115.8b (down 6.1% from 1Q 2023). Profit margin: 10% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: Rp181 (up from Rp143 in FY 2022). Revenue: Rp4.42t (up 23% from FY 2022). Net income: Rp453.0b (up 26% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 22
Member of Advisory Board recently bought Rp2.8b worth of stock On the 21st of December, H. Prawiro bought around 1m shares on-market at roughly Rp1,890 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp2.9b more in shares than they have sold in the last 12 months. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: Rp43.28 (vs Rp45.74 in 3Q 2022) Third quarter 2023 results: EPS: Rp43.28 (down from Rp45.74 in 3Q 2022). Revenue: Rp1.14t (up 18% from 3Q 2022). Net income: Rp108.0b (down 5.7% from 3Q 2022). Profit margin: 9.5% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 31
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from Rp159 to Rp176. Revenue forecast unchanged at Rp4.18b. Net income forecast to shrink 1.5% next year vs 19% growth forecast for Transportation industry in Indonesia . Consensus price target up from Rp2,265 to Rp2,377. Share price was steady at Rp1,980 over the past week. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: Rp54.75 (vs Rp39.58 in 2Q 2022) Second quarter 2023 results: EPS: Rp54.75 (up from Rp39.58 in 2Q 2022). Revenue: Rp1.05t (up 20% from 2Q 2022). Net income: Rp136.2b (up 38% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of Rp72.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Indonesian dividend payers (5.6%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Rp2,090, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Transportation industry in Asia. Total returns to shareholders of 85% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: Rp143 (up from Rp3.08 in FY 2021). Revenue: Rp3.59t (up 62% from FY 2021). Net income: Rp358.4b (up Rp350.6b from FY 2021). Profit margin: 10.0% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Rp1,730, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Transportation industry in Asia. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp2,569 per share. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 7 highly experienced directors. 1 independent director (2 non-independent directors). President Director Sigit Djokosoetono is the most experienced director on the board, commencing their role in 2012. Independent Commissioner Alamanda Shantika Santoso was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: Rp45.53 (vs Rp14.41 loss in 3Q 2021) Third quarter 2022 results: EPS: Rp45.53 (up from Rp14.41 loss in 3Q 2021). Revenue: Rp960.8b (up 138% from 3Q 2021). Net income: Rp114.4b (up Rp150.5b from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: Rp39.01 (vs Rp0.75 loss in 2Q 2021) Second quarter 2022 results: EPS: Rp39.01 (up from Rp0.75 loss in 2Q 2021). Revenue: Rp874.1b (up 55% from 2Q 2021). Net income: Rp99.0b (up Rp100.9b from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 14% growth forecast for the industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 19% share price gain to Rp1,850, the stock trades at a trailing P/E ratio of 55.7x. Average forward P/E is 14x in the Transportation industry in Indonesia. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 21% share price gain to Rp1,445, the stock trades at a trailing P/E ratio of 43.5x. Average forward P/E is 15x in the Transportation industry in Indonesia. Total loss to shareholders of 49% over the past three years. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Daniel Budiman was the last independent director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 07
Full year 2021 earnings released: EPS: Rp3.00 (vs Rp64.49 loss in FY 2020) Full year 2021 results: EPS: Rp3.00 (up from Rp64.49 loss in FY 2020). Revenue: Rp2.22t (up 8.5% from FY 2020). Net income: Rp7.71b (up Rp169.1b from FY 2020). Profit margin: 0.3% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 25%, compared to a 17% growth forecast for the industry in Indonesia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 17
Price target decreased to Rp1,600 Down from Rp1,750, the current price target is provided by 1 analyst. New target price is 59% above last closing price of Rp1,005. Stock is down 5.2% over the past year. Reported Earnings • Aug 12
Second quarter 2021 earnings released: Rp0.63 loss per share (vs Rp42.93 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: Rp565.5b (up 113% from 2Q 2020). Net loss: Rp1.88b (loss narrowed 98% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 15
New 90-day high: Rp1,660 The company is up 84% from its price of Rp900 on 16 October 2020. The Indonesian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp62.67 per share. Is New 90 Day High Low • Dec 18
New 90-day high: Rp1,520 The company is up 63% from its price of Rp930 on 18 September 2020. The Indonesian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp97.19 per share. Is New 90 Day High Low • Nov 19
New 90-day high: Rp1,220 The company is up 11% from its price of Rp1,095 on 19 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp82.23 per share. Price Target Changed • Nov 04
Price target lowered to Rp1,283 Down from Rp1,383, the current price target is an average from 3 analysts. The new target price is 57% above the current share price of Rp815. As of last close, the stock is down 63% over the past year. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of Rp70.8b, with earnings decreasing by Rp422.3b from the prior year. Total revenue was Rp2.64t over the last 12 months, down 35% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: Rp830 The company is down 26% from its price of Rp1,125 on 29 July 2020. The Indonesian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp95.54 per share.