Profile

Industry Sector Trade, Services & Investment
Industry Sub Sector Tourism, Restaurants & Hotels
Established 22 July 1995
Listed 18 September 2001
Listed Company Code PANR
Listed Shares 1,200,000,000
Dividend No
Major Shareholders (>5%) Panorama Tirta Anugerah (64.25%)
Konperensi Wali Gereja Indonesia (15.00%)
Key Subsidiaries Panorama Transportasi
Destinasi Tirta Nusantara

Stock Quote Panorama Sentrawisata - PANR:

Business Summary

Panorama Sentrawisata is the largest integrated tourism company in Indonesia and has more than 40 years of experience. The company is regarded a market leader in the inbound and travel & leisure sectors in Indonesia. The company developed partnerships with several leading global tourism firms such as the Carlson Rezidor Hotel Group, Reed Elsevier, and the Chan Brothers.

The tourism sector of Indonesia has shown structural growth in recent years evidenced by continuously rising foreign tourist arrivals as well as growing domestic tourism. Several factors that support this performance are improved marketing abroad, no major radical Islamic attacks since 2009, and government efforts to improve Indonesia's infrastructure (roads, ports and airports). The tourism sector is now Indonesia's fourth-largest foreign exchange earner. Meanwhile, domestic tourism has also been growing rapidly as the country's middle class and affluent consumers segments have been expanding. This development has been a trigger for robust hotel construction as well as MICE (meeting, incentive, convention, and exhibition) business development.

Click here for an analysis and overview of Indonesia's tourism industry

Foreign Tourist Arrivals in Indonesia, 2007-2015:

    2008   2009   2010   2011   2012   2013   2014   2015
Foreign Tourists
(in millions)
  6.23   6.32   7.00   7.65   8.04    8.80    9.44    9.73

Source: Statistics Indonesia (BPS)

Strengths of Panorama Sentrawisata:

Vast business network, diversified & integrated business portfolio
Wide variety of products with well-known brands
Access to global tourism industry through e-platforms and partnerships with global leading companies in tourism industry
Indonesian government is committed to boost tourism industry and infrastructure development

Weaknesses of Panorama Sentrawisata:

Increase in leverage to finance business expansion
Tougher competition from apps-based firms

Panorama Sentrawisata's Financial Highlights:

    2011   2012   2013   2014   2015  2016F  2017F
Net Sales 1,194.0 1,547.0 1,694.0 1,956.0 1,923.0 2,172.0 2,507.0
Gross Profit   223.0   267.0   324.0   389.0   400.0   509.0   595.0
EBITDA   101.0   134.0   202.0   232.0   178.0   219.0   266.0
Net Income    15.0    25.0    39.0    46.0    49.0    76.0   100.0
Income before Tax    37.0    49.0    70.0    81.0    67.0   111.0   148.0
Total Assets   763.0 1,022.0 1,282.0 1,670.0 1,746.0 1,824.0 2,002.0
Total Liabilities   504.0   731.0   915.0 1,233.0 1,333.0 1,350.0 1,446.0
Earnings per Share¹    18,4    27,4    32,7    38,4    40.8    63,6    83,0
P/E Ratio (x)
    8.5     7.2    11.6    12.4    11.0     8.5     6.5
P/BV (x)     0.7     0.8     1.2     1.3     1.3     1.4     1.2

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Pefindo (01/06/2016)

Stock Performance Panorama Sentrawisata (PANR) versus Jakarta Composite Index (JKSE):*

* normalized stocks, 1 January 2015 = 100

Location

Contact Details

Gedung Panorama 5th floor
Jalan Tomang Raya No. 63
Jakarta - 11440
Phone: +62 21 255 65078
Fax: +62 21 632 5622
Email: [email protected]
www.panorama-leisure.co.id