Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Mitrabahtera Segara Sejati Tbk (MBSS), along with its affiliated companies, delivers comprehensive maritime transportation and transshipment solutions throughout Indonesia. The company's operations are divided into three core segments: Tugboats and Barges, Floating Cranes, and Consultancy Services. A significant portion of its business involves providing direct barging for the transport of bulk mining materials, primarily coal. To support this, MBSS maintains a substantial fleet of 76 barges. Beyond its barging capabilities, MBSS also possesses four floating cranes, available in both single and double configurations, as well as two specialized floating loading facilities equipped with conveyor belt systems and metal detectors. Further expanding its offerings, the company provides expert material handling and marine consultancy services. Established in 1994, MBSS's main office is situated in South Jakarta, Indonesia. It operates as a subsidiary of PT Indika Energy Infrastructure.
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