Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Established in 1966 and headquartered in Jakarta Utara, Indonesia, PT Pembangunan Jaya Ancol Tbk is a diversified company specializing in the management of integrated leisure destinations, real estate development, and a variety of trading and service activities. The company's operations are divided into three primary segments: Tourism, Real Estate, and Trading and Services. Its extensive tourism portfolio includes overseeing entrance gates, managing a range of recreational facilities such as themed amusement parks, expansive parks and beaches, swimming pools, and animal shows, as well as providing lodging accommodations and selling related merchandise. In its real estate segment, the company is active in the development, sale, and leasing of various properties. Furthermore, the trading and services division encompasses souvenir sales, marine transportation solutions, restaurant management, comprehensive potable water services (including purification, distribution, and infrastructure), highway construction and maintenance, and diverse consulting services.
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