Risk factor
Very high price volatility
Profitability factor
Strong margins and returns
About
Operating in Indonesia, PT Pelayaran Nasional Bina Buana Raya Tbk is a marine logistics firm specializing in shipping services. The company is divided into two primary divisions: Tug and Barge Vessels, and Offshore Support Vessels. It transports bulk mining commodities, including coal, granite, and sand, facilitating their transshipment or delivery along riverine and coastal routes. By the end of 2021, its fleet comprised 2.5 tug and barge units, a single self-propelled barge, and three offshore support vessels. Additionally, it offers its vessels for charter to various oil and gas companies. Established in 1998, PT Pelayaran Nasional Bina Buana Raya Tbk has its main office situated in Jakarta Pusat, Indonesia.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on E