Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
PT Bintang Samudera Mandiri Lines Tbk (BSML.JK) is an Indonesian enterprise offering comprehensive maritime transport and logistics solutions. The company's primary activities involve the sea-based conveyance of a broad spectrum of goods, including mining commodities such as coal and nickel, critical infrastructure materials like cement, sand, pipes, and heavy construction machinery, as well as fertilizers and clinkers. Beyond shipping, BSML provides an extensive range of ancillary services, including shipping agency functions, bunkering and refueling, efficient loading and unloading operations, and the rental of ramp doors and trestles. Furthermore, it manages transportation facilities for cargo pickup and loading onto barges, operates charter ships for various cargo types (especially mining products), and delivers marine vessel operation management. Its logistics expertise also extends to supporting general vessel operations and sea loading processes. Founded in 2012, the company is based in Jakarta Selatan, Indonesia, and operates a fleet consisting of eight tugboats and seven barges.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBI