Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
PT Blue Bird Tbk is a prominent Indonesian enterprise primarily recognized for its comprehensive ground transportation solutions. The company's diverse offerings span passenger and land transport services, including standard taxi operations, luxurious limousine services, various car rental options, and bus charter services, alongside specialized "lifecare" taxi provisions. It boasts an extensive fleet, comprising approximately 23,000 taxis and an additional 1,000 executive taxis. This vast network is supported by 61 depots strategically located across numerous Indonesian cities, including Jakarta, Banten, Bandung, Semarang, Surabaya, Bali, Lombok, Medan, Padang, Batam, Pekanbaru, Palembang, Makassar, and Manado. Beyond its core transport operations, PT Blue Bird Tbk has significantly diversified its business portfolio. This includes the sale of pre-owned vehicles, corporate car rental arrangements, and logistics services. The company also provides engineering training and supplies spare parts. Its manufacturing endeavors encompass the production of heavy-duty mining dump trucks and Zoomlion excavators, the distribution of flame-retardant clothing, and the design and construction of firefighting and rescue vehicles. Furthermore, it designs, develops, and manufactures bodies for vans, coaches, and various sizes of buses (large, medium, and mini). In the hospitality sector, PT Blue Bird Tbk operates a resort that features a substantial 189 rooms, offering a variety of accommodations such as garden chalets, ocean view rooms, beach bungalows, and private suites. Additionally, the company extends a range of supporting services: it delivers strategic and IT-driven solutions to medium and large businesses; provides data communication and transaction automation systems to banks and major corporations; supplies goods and services for the wider transportation industry; manages and develops properties and other assets; maintains and operates fuel stations; and offers comprehensive vehicle maintenance and replacement services. These maintenance services cover essential aspects like engine, transmission, and axle oil changes, tire replacement and balancing, tune-ups, suspension and braking system checks, and battery replacement and upkeep. Established in 2001, PT Blue Bird Tbk maintains its headquarters in West Jakarta, Indonesia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT
Target Price
The average target price of BIRD.JK is 2126 and suggests 26.2% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i