Profile

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)

Location

Contact Details

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