PT JAYA KONSTRUKSI MANGGALA PRATAMA TBK

Financials PT Jaya Konstruksi Manggala Pratama Tbk

Equities

JKON

ID1000129307

Construction & Engineering

End-of-day quote INDONESIA S.E. Other stock markets 03:30:00 17/05/2024 am IST			5-day change	1st Jan Change
87 ^IDR	+3.57%		+2.35%	-2.25%

03/05	PT Jaya Konstruksi Manggala Pratama Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
28/02	PT Jaya Konstruksi Manggala Pratama Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	59,36,301	81,54,260	65,23,408	20,22,256	19,40,714	14,51,458
Enterprise Value (EV) ¹	68,14,537	87,02,193	69,01,720	17,90,433	17,92,361	13,17,505
P/E ratio	22.3 x	40.9 x	123 x	-53.1 x	9.67 x	6.11 x
Yield	-	-	-	-	2.52%	-
Capitalization / Revenue	1.15 x	1.49 x	2.16 x	0.58 x	0.43 x	0.32 x
EV / Revenue	1.32 x	1.59 x	2.29 x	0.51 x	0.4 x	0.29 x
EV / EBITDA	14.2 x	18.1 x	26.2 x	8.38 x	5.84 x	3.73 x
EV / FCF	-60.8 x	31.4 x	496 x	3.5 x	29.1 x	11.7 x
FCF Yield	-1.65%	3.18%	0.2%	28.5%	3.44%	8.52%
Price to Book	2.36 x	3.07 x	2.47 x	0.77 x	0.69 x	0.48 x
Nbr of stocks (in thousands)	1,63,08,520	1,63,08,520	1,63,08,520	1,63,08,520	1,63,08,520	1,63,08,520
Reference price ²	364.0	500.0	400.0	124.0	119.0	89.00
Announcement Date	29/03/19	03/05/20	19/04/21	08/04/22	04/04/23	28/02/24

¹IDR in Million²IDR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	51,57,266	54,70,824	30,13,779	34,80,063	44,65,174	45,48,755
EBITDA ¹	4,78,248	4,80,892	2,63,384	2,13,766	3,06,804	3,53,197
EBIT ¹	3,41,278	3,08,616	1,31,509	1,03,155	2,14,791	2,73,411
Operating Margin	6.62%	5.64%	4.36%	2.96%	4.81%	6.01%
Earnings before Tax (EBT) ¹	3,92,267	3,32,482	1,28,773	25,036	2,86,883	3,25,694
Net income ¹	2,66,049	1,99,149	52,960	-38,062	2,00,755	2,37,475
Net margin	5.16%	3.64%	1.76%	-1.09%	4.5%	5.22%
EPS ²	16.31	12.21	3.247	-2.334	12.31	14.56
Free Cash Flow ¹	-1,12,122	2,77,140	13,908	5,11,098	61,592	1,12,226
FCF margin	-2.17%	5.07%	0.46%	14.69%	1.38%	2.47%
FCF Conversion (EBITDA)	-	57.63%	5.28%	239.09%	20.08%	31.77%
FCF Conversion (Net income)	-	139.16%	26.26%	-	30.68%	47.26%
Dividend per Share	-	-	-	-	3.000	-
Announcement Date	29/03/19	03/05/20	19/04/21	08/04/22	04/04/23	28/02/24

¹IDR in Million²IDR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	8,78,236	5,47,933	3,78,312	-	-	-
Net Cash position ¹	-	-	-	2,31,824	1,48,353	1,33,953
Leverage (Debt/EBITDA)	1.836 x	1.139 x	1.436 x	-	-	-
Free Cash Flow ¹	-1,12,122	2,77,140	13,908	5,11,098	61,592	1,12,226
ROE (net income / shareholders' equity)	10.8%	7.66%	1.93%	-1.39%	7.32%	8.17%
ROA (Net income/ Total Assets)	4.74%	3.96%	1.73%	1.48%	3.18%	3.93%
Assets ¹	56,17,118	50,24,321	30,58,604	-25,71,231	63,20,391	60,48,002
Book Value Per Share ²	154.0	163.0	162.0	160.0	173.0	185.0
Cash Flow per Share ²	6.330	21.70	34.10	34.50	27.10	28.90
Capex ¹	1,33,223	1,91,270	29,249	28,397	80,178	1,10,360
Capex / Sales	2.58%	3.5%	0.97%	0.82%	1.8%	2.43%
Announcement Date	29/03/19	03/05/20	19/04/21	08/04/22	04/04/23	28/02/24

¹IDR in Million²IDR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Other Construction & Engineering

	1st Jan change	Capi.
PT JAYA KONSTRUKSI MANGGALA PRATAMA TBK	-2.25%	8.89Cr
VINCI	+1.19%	7.14TCr
LARSEN & TOUBRO LIMITED	-1.78%	5.69TCr
QUANTA SERVICES, INC.	+22.52%	3.87TCr
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+21.83%	3.38TCr
FERROVIAL SE	+12.11%	2.95TCr
CHINA RAILWAY GROUP LIMITED	+20.42%	2.19TCr
WSP GLOBAL INC.	+11.86%	1.9TCr
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+38.51%	1.8TCr
EMCOR GROUP, INC.	+75.63%	1.78TCr

Other Construction & Engineering

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JKON Stock
Financials PT Jaya Konstruksi Manggala Pratama Tbk

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