JAKARTA (Yosefardi) – State toll road operator PT Jasa Marga Tbk (JSMR) booked net profit of Rp1.03 trillion in first nine months of 2014, grew by 6% from Rp969 billion in the same period of 2013.
Revenues declined 5.9% to Rp6.67 trillion from previous Rp7.1 trillion. While operating profit rose 13.9% to Rp2.32 trillion. Operating profit margin increased 21% to 34.7% and net profit margin was up 18.3% to 17.1%.
| Jasa Marga (JSMR) | 30-Sep-14 | 31-Dec-13 | Change (%) |
| BALANCE SHEET | |||
| Assets | 31,381 | 28,366 | 10.6 |
| Current | 4,449 | 3,746 | 18.8 |
| Non Current | 26,932 | 24,620 | 9.4 |
| Liabilities | 19,944 | 17,499 | 14.0 |
| Current | 4,510 | 4,919 | -8.3 |
| Long Term | 15,434 | 12,580 | 22.7 |
| Equity | 11,436 | 10,867 | 5.2 |
| Shares Volume | 6,800 | 6,800 | 0.0 |
| PROFIT-LOSS | 9M/14 | 9M/13 | Change (%) |
| Revenues | 6,673 | 7,092 | -5.9 |
| Operating Profit | 2,316 | 2,034 | 13.9 |
| Net Profit | 1,028 | 969 | 6.1 |
| Profit Attributable to Equity | 1,139 | 1,023 | 11.3 |
| EPS | 168 | 150 | 11.3 |
| in billion Rp, EPS in Rp, shares volume in million | |||
| Stock & Market Cap | Value | Gap (%) | |
| Bottom (Rp) | 4,400 | 40.9 | |
| Peak (Rp) | 6,625 | -6.4 | |
| 30-Dec-13 (Rp) | 5,300 | 17.0 | |
| Current Price (Rp) | 6,200 | ||
| Mkt Cap (billion Rp) | 42,160 | ||
| Mkt Cap/Assets (X) | 1.3 | ||
| PER (X) | 18.5 | ||
| PBV (X) | 3.7 | ||
| Ratios (%) | 9M/14 | 9M/13 | Change |
| Liabilities to Equity | 174.4 | 161.0 | 8.3 |
| Current Ratio | 98.6 | 76.2 | 29.5 |
| ROA | 7.3 | 7.2 | 0.6 |
| ROE | 19.9 | 18.8 | 5.8 |
| OPM | 34.7 | 28.7 | 21.0 |
| NPM | 17.1 | 14.4 | 18.3 |