Stock JSMR PT JASA MARGA (PERSERO) TBK
Add to a list
To use this feature you must be a member
Log inSign up

Financials PT Jasa Marga (Persero) Tbk

Equities

JSMR

ID1000108103

Highways & Rail Tracks

End-of-day quote INDONESIA S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
5,050 IDR -3.81% Intraday chart for PT Jasa Marga (Persero) Tbk -6.91% +3.70%
Mar. 19 Metro Pacific-led consortium in talks to buy stake in Indonesian toll company for $750 million, sources say RE
Mar. 19 CONSORTIUM LED BY PHILIPPINES' METRO PACIFIC TOLLWAYS IN ADVANCE… RE

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 37,559,483 33,603,944 28,233,119 21,628,456 35,345,833 36,652,250 - -
Enterprise Value (EV) 2 75,769 92,896 82,414 62,443 35,346 96,198 98,308 108,251
P/E ratio 17 x 67.1 x 17.5 x 7.87 x 5.2 x 12 x 10.4 x 8.51 x
Yield 0.29% - - - - 1.57% 2.08% 2.86%
Capitalization / Revenue 3.42 x 3.5 x 2.4 x 1.57 x 2.27 x 2.03 x 1.84 x 1.64 x
EV / Revenue 6.9 x 9.69 x 7 x 4.53 x 2.27 x 5.33 x 4.93 x 4.85 x
EV / EBITDA 10.4 x 15.1 x 10.7 x 7.19 x 3.57 x 8.59 x 7.9 x 7.58 x
EV / FCF -7.02 x -4.57 x -391 x -95.9 x - 47.9 x 77.2 x 14.1 x
FCF Yield -14.2% -21.9% -0.26% -1.04% - 2.09% 1.3% 7.07%
Price to Book 2.01 x 1.76 x 1.37 x 0.99 x - 1.24 x 1.13 x 1.04 x
Nbr of stocks (in thousands) 7,257,871 7,257,871 7,257,871 7,257,871 7,257,871 7,257,871 - -
Reference price 3 5,175 4,630 3,890 2,980 4,870 5,050 5,050 5,050
Announcement Date 4/30/20 3/30/21 3/21/22 3/2/23 4/16/24 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,984 9,588 11,776 13,783 15,566 18,052 19,937 22,337
EBITDA 1 7,285 6,155 7,676 8,680 9,912 11,199 12,440 14,273
EBIT 1 5,857 4,466 2,254 7,383 6,951 7,987 8,981 10,141
Operating Margin 53.32% 46.58% 19.14% 53.57% 44.65% 44.24% 45.05% 45.4%
Earnings before Tax (EBT) 1 3,098 696.5 2,072 3,726 7,926 4,270 5,111 6,182
Net income 1 2,207 501 1,615 2,747 6,794 3,064 3,543 4,008
Net margin 20.09% 5.23% 13.71% 19.93% 43.64% 16.97% 17.77% 17.94%
EPS 2 304.1 69.04 222.6 378.5 936.0 422.1 485.5 593.5
Free Cash Flow 3 -10,796,070 -20,314,421 -210,757 -651,333 - 2,006,275 1,274,050 7,653,000
FCF margin -98,288.13% -211,879.58% -1,789.72% -4,725.78% - 11,113.72% 6,390.54% 34,261.8%
FCF Conversion (EBITDA) - - - - - 17,914.87% 10,241.75% 53,620.49%
FCF Conversion (Net income) - - - - - 65,479.22% 35,958.23% 190,943.11%
Dividend per Share 2 15.20 - - - - 79.41 105.3 144.4
Announcement Date 4/30/20 3/30/21 3/21/22 3/2/23 4/16/24 - - -
1IDR in Billions2IDR3IDR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 5,645 2,615 3,517 3,196 3,458 3,559 3,569 3,388 3,592 4,022 4,564 - - - - -
EBITDA 3,359 - - - - - - - - - - - - - - -
EBIT 2,513 1,118 -2,364 - 1,399 1,286 3,201 1,585 1,376 1,960 2,155 - - - - -
Operating Margin 44.53% 42.74% -67.23% - 40.46% 36.14% 89.69% 46.78% 38.3% 48.74% 47.22% - - - - -
Earnings before Tax (EBT) - - - - - - - - - - 1,131 - - - - -
Net income - -106.2 865.6 393 342 272.3 1,740 497.6 651.1 4,826 819.1 - - - - -
Net margin - -4.06% 24.61% 12.3% 9.89% 7.65% 48.75% 14.69% 18.13% 119.98% 17.95% - - - - -
EPS - -14.63 119.3 - 47.12 37.52 239.7 68.55 89.72 664.9 112.9 - - - - -
Dividend per Share 1 - - - - - - - - - - - 20.37 20.37 20.37 20.37 22.21
Announcement Date 7/28/21 11/8/21 3/21/22 5/13/22 7/30/22 10/31/22 3/2/23 4/29/23 8/24/23 11/30/23 4/16/24 - - - - -
1IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 38,210 59,292 54,181 40,815 - 59,545 61,656 71,599
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.245 x 9.633 x 7.058 x 4.702 x - 5.317 x 4.956 x 5.017 x
Free Cash Flow 2 -10,796,070 -20,314,421 -210,757 -651,333 - 2,006,275 1,274,050 7,653,000
ROE (net income / shareholders' equity) 12.4% 2.65% 8.14% 12.9% - 10.5% 11.3% 11.9%
ROA (Net income/ Total Assets) 2.42% 0.49% 1.57% 2.86% - 2.74% 3.17% 3.27%
Assets 1 91,049 101,882 102,664 96,191 - 111,864 111,796 122,694
Book Value Per Share 3 2,574 2,628 2,839 3,007 - 4,076 4,454 4,869
Cash Flow per Share 3 469.0 199.0 381.0 484.0 - 778.0 929.0 -
Capex 1 14,201 21,755 2,978 4,163 - 11,081 10,806 12,253
Capex / Sales 129.28% 226.91% 25.29% 30.2% - 61.38% 54.2% 54.86%
Announcement Date 4/30/20 3/30/21 3/21/22 3/2/23 4/16/24 - - -
1IDR in Billions2IDR in Million3IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for PT Jasa Marga (Persero) Tbk

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
5,050 IDR
Average target price
6,047 IDR
Spread / Average Target
+19.74%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Highway Operators

1st Jan change Capi.
PT JASA MARGA (PERSERO) TBK Stock PT Jasa Marga (Persero) Tbk
+3.70% 2.26B
TRANSURBAN GROUP Stock Transurban Group
-9.26% 25.09B
MUNDYS S.P.A. Stock Mundys S.p.A.
+0.22% 20.21B
CHINA MERCHANTS EXPRESSWAY NETWORK & TECHNOLOGY HOLDINGS CO.,LTD. Stock China Merchants Expressway Network & Technology Holdings Co.,Ltd.
+17.30% 10.79B
JIANGSU EXPRESSWAY COMPANY LIMITED Stock Jiangsu Expressway Company Limited
+11.54% 7.27B
SALIK COMPANY Stock Salik Company
+9.97% 6.98B
IMPULSORA DEL DESARROLLO Y EL EMPLEO EN AMÉRICA LATINA, S.A.B. DE C.V. Stock Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V.
+5.41% 6.49B
SHANDONG HI-SPEED COMPANY LIMITED Stock Shandong Hi-speed Company Limited
+33.00% 6.17B
ATLAS ARTERIA LIMITED Stock Atlas Arteria Limited
-10.73% 4.88B
GRUPO CCR S.A. Stock Grupo CCR S.A.
-11.92% 4.91B
Highway Operators
  1. Stock Market
  2. Equities
  3. JSMR Stock
  4. Financials PT Jasa Marga (Persero) Tbk