Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
PT GoTo Gojek Tokopedia Tbk, an Indonesian entity established in Jakarta in 2009, operates a wide-ranging ecosystem of mobile on-demand services and a comprehensive payments platform. Its diverse offerings cater to various needs, starting with personal transportation. Users can access motorbike ride-hailing via GoRide, car services through GoCar, and traditional taxi bookings with GoBlueBird. For seamless travel planning, GoTransit provides multi-modal journey solutions, while GoCorp assists corporate clients in managing and monitoring their employees' business-related trips. The company's delivery services are equally extensive. GoFood connects customers to a vast selection of dining options, while GoMart facilitates on-demand deliveries from grocery and convenience stores. Additionally, it leverages Cloud Kitchens, shared facilities dedicated to preparing meals exclusively for delivery. For goods transport, GoSend offers instant and same-day delivery, complemented by GoKilat/GoSend API for B2B2C partner deliveries. Personalized shopping requests are handled by GoShop, and larger items can be moved using GoBox's on-demand truck logistics, alongside other specialized logistics and fulfillment operations. The company also manages various e-commerce websites. Furthermore, PT GoTo Gojek Tokopedia Tbk provides an advanced advertising technology platform, which includes options like performance-based advertising, display ads, and tailored marketing packages. A crucial component of its business is its financial technology suite. This includes GoPay, a popular digital payment solution; Midtrans, a payment gateway that processes transactions for merchants both online and offline; and Iris, an engine designed for efficient payment disbursements to bank accounts, in addition to a variety of other financial services.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EBITDA
Target Price
The average target price of GOTO.JK is 79 and suggests 58.5% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc