Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Operating in Indonesia, PT Mitra International Resources Tbk, along with its subsidiary entities, provides a diverse range of services, primarily focused on ground transportation. The company offers specialized transport solutions for the automotive assembly sector, comprehensive logistics and warehousing services including goods handling, and crucial onshore and offshore support for the energy, oil, and gas industries. Additionally, its portfolio extends to building management and general industrial support services. A dedicated fleet of mixer trucks is also utilized for various projects across Central and East Java. Beyond services, the company manufactures a variety of car body products, such as flat trucks, deck trucks, dump trucks, and various box and wing box configurations. As of December 31, 2020, PT Mitra International Resources Tbk managed a fleet of 382 trucks. Founded in 1979, the company, formerly known as PT Mitra Rajasa, adopted its current name in October 2009 and is headquartered in Jakarta Selatan, Indonesia.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. In particular, the stock is trading at neutral levels on P/FCF