Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Apexindo Pratama Duta Tbk operates as a drilling contractor, engaging in both domestic Indonesian and international projects. The company specializes in providing land-based and marine drilling solutions for the oil and gas, geothermal, and coal bed methane industries. Its substantial equipment roster includes six offshore rigs—specifically two jack-up rigs and four swamp barges—along with eight onshore rigs. Additionally, the company's activities extend to equipment leasing, the handling of fuel and spare parts, and the provision of catering and various ancillary services. Established in 1984, its corporate headquarters are located in Jakarta, Indonesia. PT Apexindo Pratama Duta Tbk is a subsidiary entity of PT Aserra Capital.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD