Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
PT Pelayaran Nasional Ekalya Purnamasari Tbk is a prominent provider of marine transportation services throughout Indonesia. The company offers a wide array of solutions, including various vessel chartering arrangements such as time, freight, and bareboat charters. Its comprehensive shipping support encompasses the transfer of offshore workers, deployment of patrol and firefighting vessels, bunker deliveries, cargo handling and transportation, anchor handling and tug services, rig repositioning, towing, and essential oil transfer support. Additionally, it delivers integrated logistics services, which include warehousing facilities, shore base operations, land transportation, heavy equipment provision, terminal management, and cargo documentation. The company also engages in engineering, procurement, and construction (EPC) activities to support both land-based and offshore infrastructure development. Furthermore, Ekalya Purnamasari provides specialized training and development programs, covering dynamic positioning, pilotage, management, and other professional skill enhancements. With a substantial fleet of approximately 100 diverse vessels, including crew boats, anchor handling tug supply vessels, platform support vessels, utility vessels, and other specialized craft, it ensures extensive operational capabilities. Established in 1992 and headquartered in Surabaya, Indonesia, PT Pelayaran Nasional Ekalya Purnamasari Tbk operates as a subsidiary of Pt Kreasi Cipta Timur.
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