Blue Bird Group
The Blue Bird Group is the largest taxi operator in Indonesia, commanding a market share of about 43 percent in Indonesia's taxi services sector. For most people in the bigger cities of Java, Sumatra and Bali the regular Blue Bird taxis (or Blue Bird Pusaka) are a familiar sight on the busy city streets. Blue Bird taxi drivers are known as reliable and therefore many people (both Indonesian and foreign) will opt for this company when needing taxi transportation services.
Profil
| Industry Sector | Infrastructure, Utilities & Transportation |
| Industry Sub Sector | Transportation |
| Established | 29 March 2001 |
| Listed | 5 November 2014 |
| Listed Company Code | BIRD |
| Listed Shares | 376,500,000 |
| Dividend | n.a |
| Major Shareholders | Pusaka Citra Djokosoetono (37.17%) Purnomo Prawiro (9.56%) Bayu Priawan Djokosoetono (5.97%) Indra Priawan Djokosoetono (5.97%) Kresna Priawan Djokosoetono (5.97%) Sigit Priawan Djokosoetono (5.97%) |
| Key Subsidiaries | Blue Bird Pusaka Silver Bird Cendrawasih Pertiwijaya Morante Jaya |
Stock Quote Blue Bird - BIRD:
Business Summary
Although most famous for its taxi services, the Blue Bird Group is active in the following fields:
• Passenger Transportation
• Logistic Services
• Manufacturing
• Property
Blue Bird is the clear market leader in Indonesia's taxi services market in which dozens of private companies participate. The first Indonesian taxi company that went public on the Indonesia Stock Exchange (IDX) was Express Transindo Utama, which is Blue Bird's main competitor for market leadership in Indonesia's taxi services industry. Blue Bird taxis can be found in Jakarta, Bali, Bandung, Banten, Batam, Lombok, Manado, Medan, Padang, Pekanbaru, Palembang, Semarang, Solo, Surabaya, and Yogyakarta, as well as in key business and tourism spots across the archipelago.
At the start of 2015 Blue Bird had a fleet of 32,500 regular taxicabs, over 15,000 of which are used in Jakarta. The company serves more than 8.5 million passengers per month.
In November 2014, Blue Bird conducted an initial public offering (IPO) on the IDX through which it raised IDR 2.4 trillion (USD $200 million) by selling around 14 percent of its enlarged equity.
Click here for an overview and analysis of Indonesia's taxi services industry
Blue Bird Group's Financial Highlights:
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Revenue | 3,099.3 | 3,920.9 | 4,759.0 | 5,472.3 | 4,796.1 |
| Gross Profit | 1,080.2 | 1,332.5 | 1,453.4 | 1,671.7 | 1,369.9 |
| Operating Income | 605.8 | 989.9 | 1,052.4 | 1,173.3 | 807.3 |
| Net Income | 441.0 | 708.0 | 734.6 | 824.0 | 507.3 |
| EBITDA | 963.9 | 1,491.8 | 1,699.0 | ||
| Total Assets | 3,859.2 | 5,011.9 | 7,171.5 | 7,153.1 | 7,300.6 |
| Total Liabilities | 2,815.7 | 3,806.7 | 3,561.6 | 2,824.9 | 2,637.9 |
| Earnings per Share¹ | 404 | 333 | 336 | 329 | 203 |
¹ in IDR rupiah
in billion IDR rupiah unless otherwise stated
Sources: Blue Bird, Annual Report 2016
Projection Blue Bird Group's Future Corporate Earnings:
| 2018 | 2019F | 2020F | 2021F | |
| Net Revenue | 4,219.0 | 3,990.0 | 4,617.0 | 5,218.0 |
| Net Profit | 457.0 | 296.0 | 381.0 | 455.0 |
| EBITDA | 1,211.0 | 1,077.0 | 1,194.0 | 1,299.0 |
| ROE (%) | 8.7 | 9.1 | 9.6 | 9.4 |
| Dividend Yield (%) | 1.5 | 1.9 | 2.3 | 2.5 |
| P/E Ratio (x) | 13.1 | 20.3 | 15.8 | 13.2 |
| EV/EBITDA (x) | 5.3 | 6.0 | 5.4 | 5.0 |
in billion IDR, unless otherwise stated
Source: Korea Investment & Sekuritas Indonesia (21.02.2020)
Lokasi
Detail Kontak
Jalan Bojong Indah Raya No. 6
Kelurahan Rawabuaya, Kecamatan Cengkareng
West Jakarta - 11740
Phone: +6221 543 94000
Fax: +6221 543 94802
Email: [email protected]
www.bluebirdgroup.com