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JASA MARGA (PERSERO) TBK.
Company Profile
PT Jasa Marga (Persero) Tbk. was established dated September 10th, 1982, under the
framework of Government Regulation regarding the State Capital Investment for the
establishment of a StateOwned Company (Persero) in the area of management,
maintenance and development of toll roads and the detailed management regulations.
TheCompanycommenceditscommercialoperationsin1978.
Jasa Marga is a state owned company with the line business of planning, constructing,
operatingandmaintainingtollroadsalongwithdevelopingandmaximizingtheuseofland
in toll road areas and other related businesses. Jasa Margas business characteristics are
defensiveandresistanttofluctuatedconditionofglobaleconomy.
Forthesepurposes,theCompanyperformsthefollowingactivities:
1. Performtechnicalplanning,construction,operateand/ormaintenanceoftollroad;
2. Organizethelandintollroadarea(Rumijatol)andthelandtoborderonRumijatolfor
restareaandserviceincludingfacilitiesandotherbusinessoperatedeitherseparately
orincooperationwithotherparties;and
In additionto the main business activity, Company may run other supporting business
activities,subjecttolawsandregulations,involve:
1. PropertyDevelopmentintheareaoftollroadcorridor.
2. Development service for business related to transportation facilities,
liquid/solid/gasmaterialdistribution,networkofinformation,communicationand
technology,relatedtotollroadcorridor.
3. Tradeandserviceforconstruction,maintenanceandoperationoftollroad
TheCompanyisdomiciledinJakartaandiscurrentlyoperating25tollroadsmanagedbyits
9branchofficesandtheCompanysSubsidiaries.AsofDecember31st,2013theCompany
hadtotalpermanentemployeesof4,875persons.
January 2014
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
As of 30 January 2014
Main Board
Industry Sector : Infrastructure, Utilities And Transportation (7)
Industry Sub Sector : Toll Road, Airport, Harbor And Allied Products (72)
Individual Index
:
Listed Shares
:
Market Capitalization :
304.412
6,800,000,000
35,190,000,000,000
COMPANY HISTORY
Established Date
: 01-Mar-1978
Listing Date
: 12-Nov-2007
Under Writer IPO :
PT Danareksa Sekuritas
PT Bahana Securities
PT Mandiri Sekuritas
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : (021) 570-9009
Fax
: (021) 570-9026
BOARD OF COMMISSIONERS
1. Agoes Widjanarko
2. Akhmad Syakhroza
3. Boediarso Teguh Widodo
4. Ibnu Purna Muchtar
5. Michael Dendron Primanto *)
6. Samsoedin *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Adityawarman
2. Abdul Hadi
3. Hasanudin
4. Muh Najib Fauzan
5. Reynaldi Hermansjah
AUDIT COMMITTEE
1. Michael Dendron Primanto
2. Agita Widjajanto
3. Rustam Wahyudi
CORPORATE SECRETARY
David Wijayatno
HEAD OFFICE
Plaza Tol Taman Mini Indonesia Indah
Jakarta - 13550
Phone : (021) 841-3630
Fax
: (021) 840-1533, 841-3540
Homepage
Email
: www.jasamarga.com
: sekper@jasamarga.co.id
jasmar@jasamarga.com
4,760,000,000 :
2,040,000,000 :
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2007
2008
2009
2010
2011
2012
2013
Shares
Dividend
14.31
52.00
87.91
105.69
78.88
94.24
78.61
Cum Date
21-May-08
18-Jun-09
28-Jun-10
06-Jul-11
04-Jun-12
29-May-13
04-Apr-14
Ex Date
22-May-08
19-Jun-09
29-Jun-10
07-Jul-11
05-Jun-12
30-May-13
07-Apr-14
Recording
Date
26-May-08
23-Jun-09
01-Jul-10
11-Jul-11
07-Jun-12
03-Jun-13
09-Apr-14
70.00%
30.00%
Payment
Date
29-May-08
07-Jul-09
15-Jul-10
13-Jul-11
21-Jun-12
18-Jun-13
23-Apr-14
F/I
F
F
F
F
F
F
F
ISSUED HISTORY
No.
1.
2.
3.
Type of Listing
First Issue
Negara RI (Seri A)
Company Listing
Shares
2,040,000,000
1
4,759,999,999
Listing
Date
12-Nov-07
12-Nov-07
12-Nov-07
Trading
Date
12-Nov-07
12-Nov-07
10-May-08
Volume
(Mill. Sh)
7,000
160
6,125
140
5,250
120
4,375
100
3,500
80
2,625
60
1,750
40
875
20
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
71.6%
40%
32.1%
-40%
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
2010
2011
2012
2,753
6,731
133
245
2,175
7,871
141
247
2,519
13,121
167
246
2,300
13,229
220
244
182
906
33
20
Price (Rupiah)
High
Low
Close
Close*
3,900
1,660
3,425
3,425
4,275
2,925
4,200
4,200
6,000
4,125
5,450
5,450
6,950
4,525
4,725
4,725
5,450
4,400
5,175
5,175
21.61
11.09
3.09
24.12
17.53
3.79
23.55
18.40
3.09
25.80
18.52
3.39
SHARES TRADED
19.51
PER (X)
14.36
PER Industry (X)
3.01
PBV (X)
* Adjusted price after corporate action
2013 Jan-14
Closing Price
Freq.
Volume
Value
Day
TRADING ACTIVITIES
Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
High
1,900
1,800
1,840
2,150
2,075
2,200
2,725
3,025
3,375
3,900
3,775
3,600
Low
1,770
1,660
1,730
1,780
1,750
1,900
2,000
2,525
2,900
3,175
3,350
3,150
Close
1,800
1,780
1,790
2,075
1,970
2,025
2,675
2,925
3,200
3,750
3,475
3,425
(X)
7,773
4,287
7,732
24,979
10,682
11,022
12,444
9,876
9,894
10,770
14,041
9,386
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
3,575
3,200
3,425
3,525
3,525
3,650
4,000
4,175
4,275
3,975
4,000
4,275
2,925
2,950
3,150
3,250
3,275
3,325
3,550
3,625
3,400
3,550
3,675
3,750
3,000
3,175
3,400
3,300
3,475
3,625
3,975
4,000
3,975
3,850
3,875
4,200
12,779
6,832
13,551
13,158
9,957
7,995
11,849
11,334
16,354
17,076
8,082
11,878
197,010
104,194
195,067
174,537
193,346
175,397
191,975
229,033
225,381
175,397
85,380
228,156
636,186
320,670
642,378
587,008
663,699
603,870
722,040
896,266
885,369
665,325
330,751
917,847
21
18
23
20
21
20
21
19
20
21
22
21
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
4,575
4,775
5,150
5,700
5,550
5,450
5,950
6,000
5,850
5,950
5,850
5,850
4,125
4,325
4,625
4,875
4,925
4,975
5,300
5,550
5,650
5,650
5,650
5,450
4,375
4,700
5,150
5,350
5,150
5,400
5,700
5,750
5,850
5,800
5,700
5,450
12,368
12,003
14,902
19,314
23,617
14,761
14,029
12,949
10,923
12,435
9,709
9,539
230,785
265,300
168,517
230,817
448,775
232,464
167,905
157,924
131,027
173,137
152,420
159,861
993,508
1,209,137
813,781
1,196,346
2,326,901
1,199,371
944,446
899,890
753,148
999,567
876,690
908,441
21
21
21
20
21
21
22
19
20
22
20
18
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
5,700
5,650
5,950
6,750
6,950
6,800
6,400
6,150
5,850
5,800
5,450
5,350
5,100
5,400
5,600
5,900
6,500
5,700
5,200
5,300
5,050
5,250
4,825
4,525
5,500
5,550
5,950
6,700
6,700
6,050
5,350
5,450
5,200
5,250
5,100
4,725
17,310
13,401
15,101
14,419
17,482
25,472
20,579
18,323
19,992
17,277
22,103
18,175
287,693
204,434
195,334
221,969
146,129
256,837
159,785
152,358
204,787
166,818
154,529
149,099
1,560,093
1,133,501
1,128,937
1,418,115
973,809
1,596,449
952,854
868,013
1,144,362
927,029
793,812
732,436
21
20
19
22
22
19
23
17
21
21
20
19
Jan-14
5,450
4,400
5,175
32,974
182,407
906,070
20
20
19
22
21
19
22
22
21
17
21
21
20
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
3,314,003
4,011,590
3,764,009
4,302,382
3,514,061
Receivables
64,672
23,630
87,994
64,092
177,198
Inventories
Current Assets
3,430,338
4,090,141
3,996,741
4,531,117
3,746,345
Fixed Assets
422,507
593,028
289,155
130,965
BALANCE SHEET
Other Assets
Total Assets
Assets
392,755
259,058
440,239
17.17%
Growth (%)
17,250
11,500
15.50%
14.60%
5,750
4,919,884
2,966,355
2,478,279
3,768,596
6,648,164
5,462,468
8,114,384
8,423,258
8,317,601 12,579,482
Total Liabilities
Growth (%)
23,000
13.09%
Current Liabilities
25.67%
15.10%
22.75%
16.93%
Liabilities
28,750
2009
2010
2011
2012
2013
9,520,000
9,520,000
9,520,000
9,520,000
9,520,000
Paid up Capital
3,400,000
3,400,000
3,400,000
3,400,000
3,400,000
6,800
6,800
6,800
6,800
6,800
500
500
500
500
500
Retained Earnings
1,457,048
2,015,210
2,602,769
2,753,965
3,449,446
Total Equity
7,183,379
7,740,014
9,240,280
9,787,786 10,866,980
7.75%
19.38%
Growth (%)
INCOME STATEMENTS
Total Revenues
Dec-09
Dec-10
Dec-11
3,692,000
4,378,584
4,960,473
18.60%
13.29%
Growth (%)
5.93%
11.03%
Dec-12
Dec-13
9,240
8,650
7,183
9,788
7,740
6,433
4,216
2,000
9,070,219 10,294,668
82.85%
13.50%
Cost of Revenues
2,175,779
2,390,392
2,679,084
6,094,983
7,631,490
Gross Profit
1,516,221
1,988,192
2,281,388
2,975,236
2,663,177
Expenses (Income)
2,175,779
2,390,392
2,679,084
6,094,983
Operating Profit
1,516,221
1,988,192
2,281,388
2,975,236
2,663,177
31.13%
14.75%
30.41%
-10.49%
-422,327
-511,843
-554,914
-919,979
-948,522
Growth (%)
10,867
10,867
-217
2009
2010
2011
2012
2013
10,295
8,195
1,093,894
1,476,349
1,726,475
2,055,257
1,714,655
Tax
211,682
291,854
407,651
519,445
476,835
882,212
1,184,496
1,318,824
1,535,812
1,237,821
34.26%
11.34%
16.45%
-19.40%
Growth (%)
6,094
3,692
4,379
4,960
3,994
1,894
Period Attributable
882,212
1,193,487
1,339,462
1,602,090
1,336,317
Comprehensive Income
992,694
1,186,036
1,321,582
1,536,346
1,236,627
1,195,027
1,342,220
1,602,624
1,335,123
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
115.64
165.04
106.05
68.16
76.15
87.91
105.69
78.88
94.24
78.61
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
129.74
175.51
196.98
235.60
196.52
BV (Rp)
1,056.38
1,138.24
1,358.86
1,439.38
1,598.09
DAR (X)
0.52
0.56
0.57
0.60
0.62
DER(X)
1.17
1.37
1.32
1.53
1.61
EPS (Rp)
ROA (%)
5.45
6.25
6.15
6.20
4.36
ROE (%)
12.28
15.30
14.27
15.69
11.39
GPM (%)
41.07
45.41
45.99
32.80
25.87
OPM (%)
41.07
45.41
45.99
32.80
25.87
NPM (%)
23.90
27.05
26.59
16.93
12.02
67.76
60.22
40.04
40.00
40.00
4.86
3.09
1.88
1.73
1.66
Yield (%)
-206
2009
2010
2011
2012
2013
1,319
1,238
1,184
1,223
882
909
596
283
-31
2009
2010
2011
2012
2013