IPCM Overview

IPCM

PT Jasa Armada Indonesia Tbk.

324

++0.62%

BUMN

1D+0.62%

7D-0.61%

1M-1.82%

YTD-9.50%

1Y+15.71%

52W Low52W High

248Current: 324366

Foreign Investor Activity

Company Profile vs Peers

Key Highlights

DY 728.0% TTM

D/E 0.05x — low leverage

State-owned enterprise (BUMN)

Company Info

SectorInfrastruktur

Sub-sectorInfrastruktur Transportasi

IndustryOperator Infrastruktur Transportasi

Sub-industryOperator Pelabuhan

Listing BoardUtama

Listed2017-12-22

AddressPelindo Tower Lt. 8 dan 9, Jl. Yos Sudarso No.9, Rawabadak Utara, Koja, Jakarta Utara 14230

WebsiteVisit

Major Shareholders

PT PELINDO JASA MARITIM

PT PELABUHAN INDONESIA INVESTAMA

Saham Treasury

Masyarakat Warkat

Masyarakat Non Warkat

DEWI ARIYANI

SHANTI PURUHITA

Score Summary

Good · 64%Overall Score

value

100%

competitive

58%

future

financials

98%

dividend

100%

Technical Rating

SellBased on 26 indicators

7 Buy4 Neutral15 Sell

Key Statistics

Valuation

Market Cap

1.7T

P/E Ratio

8.98

P/B Ratio

1.30

P/S Ratio

1.20

EV/EBITDA

4.33

Profitability

ROE

+14.83%

ROA

+9.19%

Gross Margin

+28.72%

Op. Margin

+19.95%

Net Margin

+13.32%

Growth & Health

Rev Growth

—

EPS Growth

—

Div Yield

+728.00%

Debt/Equity

0.05

Current Ratio

2.89

EPS

37.21

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Valuation vs Peers

How PT Jasa Armada Indonesia Tbk. compares to 0 peers in Infrastruktur Transportasi.

P/E Ratio

8.98x

P/B Ratio

1.30x

P/S Ratio

1.20x

EV/EBITDA

4.33x

Intrinsic Value

Undervalued by 164.5%

324

Price

857

Intrinsic

Current Price

Intrinsic Value

Valuation & Metrics

Ownership Structure

Peer Comparison

Financial Statements

Income Flow — 2025-12-31

Revenue

381.4B

COGS

-220.7B

Gross Profit

160.7B

OpEx

-83.4B

Op. Income

77.3B

Tax & Other

-21.6B

Net Income

55.8B

Net margin: 14.6% of revenue flows to net income.

Financial Statements

Metric	2025-12-31	2025-06-30
Revenue	381.4B	358.6B
Gross Profit	160.7B	64.6B
Operating Income	77.3B	55.3B
Net Income	55.8B	45.8B
EBITDA	80.3B	60.0B
Total Assets	1.7T	1.7T
Total Equity	1.4T	1.4T
Total Debt	73.0B	54.5B
Operating Cash Flow	—	—
Free Cash Flow	128.8B	-33.7B

Dividend History

TTM Div Yield

+728.00%

Payout Ratio

—

EPS

37,21

Corporate Actions

Insider Trades

Broker Flow

Research Notes

PT Jasa Armada Indonesia Tbk (IPCM) reported Q1 2026 results with net profit rising 3.03% to IDR 45.57 billion, total assets up 4.39% to IDR 1.79 trillion and operating cash flow jumping 36.29% to IDR 102.10 billion, driven largely by ship‑service revenue. The firm also extended its partnership with PT Cemindo Gemilang Tbk and expanded maritime services in South Sumatra. The solid earnings and cash‑flow improvement boosted IPCM’s share price, providing a modest lift to the broader Indonesian stock index.

NeutralEmiten News27 Apr

PT Asri Karya Lestari Tbk (ASLI) disclosed that it now has a new controlling shareholder, PT Wahana Konstruksi Mandiri, and presented its 2026 work‑plan, targeting a Rp712 billion contract and Rp517 billion in revenue, with Gross Profit Margin of 13.7 % and net profit of about Rp7.5 billion. The company said it will focus on APBN and state‑owned‑enterprise projects, expand into high‑value‑add infrastructure, energy and EPC work, and continue operating its subsidiaries PT Bumi Prima Konstruksi and PT Manyar Perkasa Mandiri. The announcement was made at a public expose in Jakarta; no immediate price movement or broader market impact was reported in the article.

NeutralEmiten News27 Apr

PT Mitra Komunikasi Nusantara Tbk (MKNT) reported that its total assets surged 69.7% year‑on‑year to Rp6.28 billion in Q1 2026, while liabilities rose 27.3% to Rp14 billion, leaving equity in a deficit of Rp8.02 billion and a net loss of Rp551 million for the quarter. Despite the asset boost, the company still recorded no revenue, its shares remain suspended from trading, and the earnings per share improved only marginally (loss per share fell to Rp0.10 from Rp1.25). Consequently, the news has little immediate impact on the broader market, but underscores continued financial weakness for MKNT.

NeutralEmiten News27 Apr

Central Omega Resources Tbk (ticker DKFT) approved a cash dividend for FY 2025 totaling Rp390.31 billion, or Rp69.23 per share, after its annual shareholders’ meeting on 22 April 2026. The payout includes interim dividends of Rp10 and Rp25 per share, with the remaining Rp35 per share payable on 12 May 2026; the cum‑dividend date is 30 April and the ex‑dividend date is 4 May (regular market) and 6 May (cash market). The announcement, backed by a 2025 net profit of Rp573.48 billion, is expected to boost DKFT’s share appeal and may provide short‑term upward pressure on the stock around the ex‑dividend dates.

NeutralEmiten News27 Apr

PT Chitose Internasional Tbk (CINT) announced a cash dividend of Rp13.7775 per share for FY 2025, amounting to a total payout of Rp13.78 billion. With the stock trading around Rp220, the dividend translates to a yield of roughly 6.3 percent, and the company set the cum‑dividend date for 30 April 2026 with payment slated for 22 May 2026. The attractive yield is expected to boost investor interest in CINT and provide a modest positive lift to the broader market’s dividend‑seeking segment.

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Management

Board of Directors

SHANTI PURUHITADIREKTUR UTAMA

ARIEF HERMAWANDIREKTUR

DESSY EMASTARI PRIHATININGTYASDIREKTUR

Board of Commissioners

R.R. DEWI ARIYANIKOMISARIS UTAMA

F. BUDI PRAYITNOKOMISARIS

DONI ISTYANTO HARI MAHDIKOMISARIS

MITCHELL JULIUS TUPAMAHUKOMISARIS