Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Logindo Samudramakmur Tbk., alongside its subsidiaries, offers comprehensive maritime services primarily supporting the upstream oil and gas sector across Indonesia. The company's core business involves providing various offshore support vessels, including anchor handling tug supply (AHTS) ships, platform supply vessels (PSVs), specialized diving support and utility vessels, crew and patrol boats, landing craft tanks, tugboats, an assortment of barges, and accommodation work barges. It maintains and operates a fleet of 44 offshore support vessels, which have an average age of 12 years. Established in 1995, the firm's main office is situated in Central Jakarta, Indonesia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD